| Schedule of Business Segment Results and Total Assets by Segment |
| | | | | | | | | | | | | | | | | | | | | | | | | Business Segment Results | Three Months Ended | | Six Months Ended | | (millions) | August 1, 2026 | | August 2, 2025 | | August 1, 2026 | | August 2, 2025 | | Net sales | $ | 26,539 | | | $ | 25,211 | | | $ | 51,982 | | | $ | 49,057 | | | Cost of sales | | | | | | | | Merchandising cost of sales (a) | 15,775 | | | 16,177 | | | 32,053 | | | 31,531 | | | Supply chain and digital fulfillment costs | 1,828 | | | 1,726 | | | 3,611 | | | 3,500 | | | | | | | | | | Total cost of sales (a) | 17,603 | | | 17,903 | | | 35,664 | | | 35,031 | | Selling, general, and administrative expenses (b) | 5,725 | | | 5,359 | | | 11,286 | | | 9,950 | | Depreciation and amortization (exclusive of depreciation included in cost of sales) | 651 | | | 632 | | | 1,337 | | | 1,287 | | Operating income (a)(b) | 2,560 | | | 1,317 | | | 3,695 | | | 2,789 | | | Net interest expense | 98 | | | 116 | | | 215 | | | 232 | | | Net other expense / (income) | 3 | | | (17) | | | (13) | | | (43) | | | Earnings before income taxes | 2,459 | | | 1,218 | | | 3,493 | | | 2,600 | | | Provision for income taxes | 582 | | | 283 | | | 835 | | | 629 | | | Net earnings | $ | 1,877 | | | $ | 935 | | | $ | 2,658 | | | $ | 1,971 | |
(a)For the three and six months ended August 1, 2026, includes $994 million of cost reductions related to tariff refunds. Note 3 provides additional information. (b)For the six months ended August 2, 2025, includes $593 million of pretax net gains related to settlements of credit card interchange fee litigation matters. Note 4 provides additional information.
|