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Consolidated Statements of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Aug. 01, 2025
Aug. 02, 2024
Aug. 01, 2025
Aug. 02, 2024
Current Earnings        
Net sales $ 23,959 $ 23,586 $ 44,888 $ 44,950
Cost of sales 15,858 15,691 29,800 29,965
Gross margin 8,101 7,895 15,088 14,985
Expenses:        
Selling, general and administrative 4,175 4,025 8,222 8,034
Depreciation and amortization 457 423 902 851
Operating income 3,469 3,447 5,964 6,100
Interest – net 313 317 650 669
Pre-tax earnings 3,156 3,130 5,314 5,431
Income tax provision 758 747 1,276 1,294
Net earnings $ 2,398 $ 2,383 $ 4,038 $ 4,137
Weighted-average common shares outstanding - basic (in shares) 559 568 559 570
Basic earnings per common share (in dollars per share) $ 4.28 $ 4.18 $ 7.21 $ 7.24
Weighted-average common shares outstanding - diluted (in shares) 560 570 560 571
Diluted earnings per common share (in dollars per share) $ 4.27 $ 4.17 $ 7.19 $ 7.23
Current Earnings (Percentages)        
Net sales 100.00% 100.00% 100.00% 100.00%
Cost of sales 66.19% 66.53% 66.39% 66.66%
Gross margin 33.81% 33.47% 33.61% 33.34%
Expenses (Percentages):        
Selling, general and administrative 17.42% 17.07% 18.31% 17.88%
Depreciation and amortization 1.91% 1.79% 2.01% 1.89%
Operating income 14.48% 14.61% 13.29% 13.57%
Interest – net 1.31% 1.34% 1.45% 1.49%
Pre-tax earnings 13.17% 13.27% 11.84% 12.08%
Income tax provision 3.16% 3.17% 2.84% 2.88%
Net earnings 10.01% 10.10% 9.00% 9.20%