Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
May 02, 2020
May 04, 2019
Income Statement [Abstract]    
Total net sales $ 1,082 $ 2,439
Credit income and other 114 116
Total revenues 1,196 2,555
Cost of goods sold (exclusive of depreciation and amortization shown separately below) 813 1,630
Selling, general and administrative (SG&A) 572 856
Depreciation and amortization 135 147
Real estate and other, net 2 5
Restructuring and management transition 155 20
Total costs and expenses 1,673 2,648
Operating income/(loss) (477) (93)
Other components of net periodic pension cost/(income) (23) (13)
Net interest expense 75 73
Income/(loss) before income taxes (606) (153)
Loss due to discontinuance of hedge accounting 77 0
Income tax expense/(benefit) (60) 1
Net income/(loss) $ (546) $ (154)
Earnings/(loss) per share:    
Basic (in dollars per share) $ (1.69) $ (0.48)
Diluted (in dollars per share) $ (1.69) $ (0.48)
Weighted average shares – basic 323.7 317.7
Weighted average shares – diluted 323.7 317.7