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Consolidated Statements of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
May 03, 2024
May 05, 2023
Current Earnings    
Net sales $ 21,364 $ 22,347
Cost of sales 14,274 14,820
Gross margin 7,090 7,527
Expenses:    
Selling, general and administrative 4,009 3,824
Depreciation and amortization 428 415
Operating income 2,653 3,288
Interest – net 352 349
Pre-tax earnings 2,301 2,939
Income tax provision 546 679
Net earnings $ 1,755 $ 2,260
Weighted-average common shares outstanding - basic (in shares) 571 596
Basic earnings per common share (in dollars per share) $ 3.06 $ 3.78
Weighted-average common shares outstanding - diluted (in shares) 572 597
Diluted earnings per common share (in dollars per share) $ 3.06 $ 3.77
Current Earnings (Percentages)    
Net sales 100.00% 100.00%
Cost of sales 66.81% 66.32%
Gross margin 33.19% 33.68%
Expenses (Percentages):    
Selling, general and administrative 18.77% 17.12%
Depreciation and amortization 2.00% 1.85%
Operating income 12.42% 14.71%
Interest – net 1.65% 1.56%
Pre-tax earnings 10.77% 13.15%
Income tax provision 2.56% 3.04%
Net earnings 8.21% 10.11%