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Consolidated Statements of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Nov. 03, 2023
Oct. 28, 2022
Nov. 03, 2023
Oct. 28, 2022
Current Earnings        
Net sales $ 20,471 $ 23,479 $ 67,775 $ 74,614
Cost of sales 13,580 15,661 44,958 49,614
Gross margin 6,891 7,818 22,817 25,000
Expenses:        
Selling, general and administrative 3,761 6,443 11,673 15,200
Depreciation and amortization 434 451 1,275 1,345
Operating income 2,696 924 9,869 8,455
Interest – net 345 295 1,033 802
Pre-tax earnings 2,351 629 8,836 7,653
Income tax provision 578 475 2,130 2,174
Net earnings $ 1,773 $ 154 $ 6,706 $ 5,479
Weighted-average common shares outstanding - basic (in shares) 576 618 585 638
Basic earnings per common share (in dollars per share) $ 3.07 $ 0.25 $ 11.43 $ 8.56
Weighted-average common shares outstanding - diluted (in shares) 577 620 587 640
Diluted earnings per common share (in dollars per share) $ 3.06 $ 0.25 $ 11.40 $ 8.53
Current Earnings (Percentages)        
Net sales 100.00% 100.00% 100.00% 100.00%
Cost of sales 66.34% 66.70% 66.33% 66.49%
Gross margin 33.66% 33.30% 33.67% 33.51%
Expenses (Percentages):        
Selling, general and administrative 18.37% 27.45% 17.23% 20.38%
Depreciation and amortization 2.12% 1.92% 1.88% 1.80%
Operating income 13.17% 3.93% 14.56% 11.33%
Interest – net 1.68% 1.25% 1.52% 1.07%
Pre-tax earnings 11.49% 2.68% 13.04% 10.26%
Income tax provision 2.83% 2.02% 3.14% 2.92%
Net earnings 8.66% 0.66% 9.90% 7.34%