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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 29, 2017
Jul. 30, 2016
Jul. 29, 2017
Jul. 30, 2016
Revenue $ 8,940 $ 8,533 $ 17,468 $ 16,976
Cost of goods sold 6,787 6,471 13,293 12,769
Gross profit 2,153 2,062 4,175 4,207
Selling, general and administrative expenses 1,830 1,773 3,552 3,517
Restructuring charges 2 0 2 29
Operating income 321 289 621 661
Other income (expense)        
Gain on sale of investments 0 0 0 2
Investment income and other 7 8 18 14
Interest expense (18) (18) (37) (38)
Earnings from continuing operations before income tax expense 310 279 602 639
Income tax expense 101 97 205 231
Net earnings from continuing operations 209 182 397 408
Gain from discontinued operations (Note 2), net of tax benefit (expense) of $0, $(10), $0 and $(7), respectively 0 16 0 19
Net earnings $ 209 $ 198 $ 397 $ 427
Basic earnings        
Continuing operations (in dollars per share) $ 0.69 $ 0.57 $ 1.29 $ 1.27
Discontinued operations (in dollars per share) 0.00 0.05 0.00 0.06
Basic earnings per share (in dollars per share) 0.69 0.62 1.29 1.33
Diluted earnings        
Continuing operations (in dollars per share) 0.67 0.56 1.27 1.26
Discontinued operations (in dollars per share) 0.00 0.05 0.00 0.05
Diluted earnings per share (in dollars per share) 0.67 0.61 1.27 1.31
Dividends declared per common share (in dollars per share) $ 0.34 $ 0.28 $ 0.68 $ 1.01
Weighted-average common shares outstanding (in millions)        
Basic (in shares) 304.1 320.8 306.7 322.2
Diluted (in shares) 310.8 322.9 313.0 324.8