We operate as a single segment that includes all of our continuing operations, which are designed to enable guests to purchase products seamlessly in stores, online or through mobile devices.



Business Segment Results	Three Months Ended						Six Months Ended
(millions)	August 1, 2015			August 2, 2014			August 1, 2015			August 2, 2014
Sales	$	17,427		$	16,957		$	34,546		$	33,614
Cost of sales	12,051			11,798			23,962			23,546
Gross margin	5,376			5,159			10,584			10,068
Selling, general and administrative expenses ^(a)(e)	3,475			3,473			6,883			6,817
Depreciation and amortization	551			537			1,090			1,049
Segment profit	$	1,350		$	1,149		$	2,611		$	2,202
Restructuring costs ^(b)(e)	(11		)	—			(114		)	—
Data Breach related costs^(c)(e)	(9		)	(111		)	(12		)	(129		)
Impairments ^(e)	—			(16		)	—			(16		)
Card brand conversion costs ^(d)(e)	—			—			—			(13		)
Earnings from continuing operations before interest expense and income taxes	1,330			1,023			2,485			2,045
Net interest expense	148			433			305			585
Earnings from continuing operations before income taxes	$	1,182		$	590		$	2,180		$	1,460

Note: Amounts may not foot due to rounding.

^(a) Beginning with the first quarter of 2015, segment EBIT includes the impact of the reduction of the the beneficial interest asset. For comparison purposes, prior year segment EBIT has been revised.

^(b) Refer to Note 4 for more information on restructuring costs.

^(c) Refer to Note 8 for more information on Data Breach related costs.

^(d) Expense related to converting co-branded card program to MasterCard.

^(e) The sum of segment SG&A expenses, restructuring costs, Data Breach related costs, impairments and card brand conversion costs equal consolidated SG&A expenses.



Reconciliation of Segment Assets to Total Assets (millions)	August 1, 2015		January 31, 2015		August 2, 2014
Segment assets	$	39,778	$	39,569	$	37,987
Assets of discontinued operations	553		1,775		6,398
Unallocated assets ^(a)	55		60		70
Total assets	$	40,386	$	41,404	$	44,455

^(a) Represents the insurance receivable related to the Data Breach.