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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Apr. 30, 2016
May. 02, 2015
Net sales $ 3,972 $ 4,123
Cost of merchandise sold 2,560 2,600
Gross margin 1,412 1,523
Operating expenses:    
Selling, general and administrative 1,008 1,016
Depreciation and amortization 234 227
Impairments, store closing and other costs 64 0
Operating income 106 280
Interest expense, net 79 84
Income before income taxes 27 196
Provision for income taxes 10 69
Net income $ 17 $ 127
Net income per share:    
Basic (in dollars per share) $ 0.09 $ 0.64
Diluted (in dollars per share) 0.09 0.63
Dividends declared and paid per share $ 0.50 $ 0.45