Quarterly Financial Information (Unaudited)

12 Months Ended

Feb. 03, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (Unaudited)

8. Quarterly Financial Information (Unaudited)

	2017
(Dollars and Shares in Millions, Except per Share Data)	First		Second		Third		Fourth
Net sales	$	3,843	$	4,144	$	4,332	$	6,776
Gross margin	$	1,398	$	1,633	$	1,595	$	2,293
Selling, general and administrative expenses	$	975	$	983	$	1,095	$	1,459
Net income	$	66	$	208	$	117	$	468
Basic shares		170		168		166		165
Basic net income per share	$	0.39	$	1.24	$	0.70	$	2.83
Diluted shares		171		168		166		167
Diluted net income per share	$	0.39	$	1.24	$	0.70	$	2.81

	2016
(Dollars and Shares in Millions, Except per Share Data)	First		Second		Third			Fourth
Net sales	$	3,972	$	4,182	$	4,327		$	6,205
Gross margin	$	1,412	$	1,650	$	1,607		$	2,072
Selling, general and administrative expenses	$	1,008	$	986	$	1,080		$	1,360
Impairments, store closing and other costs	$	64	$	128	$	(6	)	$	—
Net income	$	17	$	140	$	146		$	252
Basic shares		183		180		177			174
Basic net income per share	$	0.09	$	0.77	$	0.83		$	1.45
Diluted shares		184		181		177			175
Diluted net income per share	$	0.09	$	0.77	$	0.83		$	1.44

Due to changes in stock prices during the year and timing of share repurchases and issuances, the sum of quarterly net income per share may not equal the annual net income per share.