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Consolidated Statements of Operations (USD $)
In Millions, except Per Share data |
3 Months Ended | |
|---|---|---|
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Apr. 30, 2011
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May 01, 2010
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| Sales | $ 15,580 | $ 15,158 |
| Credit card revenues | 355 | 435 |
| Total revenues | 15,935 | 15,593 |
| Cost of sales | 10,838 | 10,412 |
| Selling, general and administrative expenses | 3,233 | 3,143 |
| Credit card expenses | 88 | 280 |
| Depreciation and amortization | 512 | 516 |
| Earnings before interest expense and income taxes | 1,264 | 1,242 |
| Net interest expense | ||
| Nonrecourse debt collateralized by credit card receivables | 19 | 23 |
| Other interest expense | 164 | 165 |
| Interest income | (1) | |
| Net interest expense | 183 | 187 |
| Earnings before income taxes | 1,081 | 1,055 |
| Provision for income taxes | 392 | 384 |
| Net earnings | $ 689 | $ 671 |
| Basic earnings per share (in dollars per share) | $ 0.99 | $ 0.91 |
| Diluted earnings per share (in dollars per share) | $ 0.99 | $ 0.90 |
| Weighted average common shares outstanding | ||
| Basic (in shares) | 692.6 | 739.9 |
| Diluted (in shares) | 697.4 | 745.7 |
| X | ||||||||||
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- Definition
The sum of the periodic bad debt provision charged to earnings based on an assessment of expected losses, as well as operations and marketing expenses supporting the credit card portfolio.
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- Definition
Sum of operating profit and non-operating income (expense) before interest and income tax expenses.
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- Details
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- Definition
Interest expense on Nonrecourse debt collateralized by credit card receivables
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- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.
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- Definition
The amount of net income or loss for the period per each share of common stock outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share of common stock and dilutive common stock equivalents outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the current income tax expense (benefit) and the deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Interest and fee income from credit card balances due from individuals. Such loans are considered revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Interest expense on all other items not previously classified. For example, includes dividends associated with redeemable preferred stock of a subsidiary that is treated as a liability in the parent's consolidated balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares issued and outstanding that are used in calculating diluted EPS, determined based on the timing of issuance of shares in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Number of [basic] shares, after adjustment for contingently issuable shares and other shares not deemed outstanding, determined by relating the portion of time within a reporting period that common shares have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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