Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 31, 2020
Nov. 02, 2019
Oct. 31, 2020
Nov. 02, 2019
Income Statement [Abstract]        
Net sales $ 3,990 $ 5,173 $ 10,566 $ 16,223
Credit card revenues, net 195 183 494 531
Cost of sales (2,569) (3,106) (7,788) (9,905)
Selling, general and administrative expenses (1,726) (2,202) (4,723) (6,489)
Gains on sale of real estate 3 17 20 67
Impairment, restructuring and other costs (20) (13) (3,445) (16)
Operating income (loss) (127) 52 (4,876) 411
Benefit plan income, net 16 8 37 23
Settlement charges (26) (12) (65) (12)
Interest expense (80) (52) (199) (159)
Financing costs 0 0 (4) 0
Interest income 0 4 3 16
Income (loss) before income taxes (217) 0 (5,104) 279
Federal, state and local income tax benefit (expense) 126 2 1,000 (55)
Net income (loss) $ (91) $ 2 $ (4,104) $ 224
Basic earnings (loss) per share $ (0.29) $ 0.01 $ (13.20) $ 0.72
Diluted earnings (loss) per share $ (0.29) $ 0.01 $ (13.20) $ 0.72