FINANCIAL STATEMENTS Consolidated Statements of Financial Position (millions, except footnotes) Assets Cash and cash equivalents Inventory Other current assets Total current assets Table of Contents Index to Financial Statements January 30, February 1, 2021 2020 $ 8,511 $ 2,577 10,653 8,992 1,592 1,333 20,756 12,902 Property and equipment Land 6,141 6,036 Buildings and improvements 31,557 30,603 Fixtures and equipment 5,914 6,083 Computer hardware and software 2,765 2,692 Construction-in-progress 780 533 Accumulated depreciation (20,278) (19,664) Property and equipment, net 26,879 26,283 Operating lease assets 2,227 2,236 Other noncurrent assets 1,386 1,358 Total assets $ 51,248 $ 42,779 Liabilities and shareholders' investment Accounts payable 12,859 $ 9,920 Accrued and other current liabilities 6,122 4,406 Current portion of long-term debt and other borrowings 1,144 161 Total current liabilities 20,125 14,487 Long-term debt and other borrowings 11,536 11,338 Noncurrent operating lease liabilities 2,218 2,275 Deferred income taxes Other noncurrent liabilities Total noncurrent liabilities Shareholders' investment Common stock Additional paid-in capital 990 1.122 1,939 1,724 16,683 16.459 42 42 6,329 6.226 Retained earnings 8,825 6,433 Accumulated other comprehensive loss (756) (868) Total shareholders' investment 14,440 11,833 Total liabilities and shareholders' investment $ 51,248 $ 42,779 Common Stock Authorized 6,000,000,000 shares, $0.0833 par value; 500,877,129 shares issued and outstanding as of January 30, 2021; 504,198,962 shares issued and outstanding as of February 1, 2020. Preferred Stock Authorized 5,000,000 shares, $0.01 par value; no shares were issued or outstanding during any period presented. See accompanying Notes to Consolidated Financial Statements. Consolidated Statements of Operations FINANCIAL STATEMENTS Table of Contents Index to Financial Statements (millions, except per share data) 2020 2019 2018 Sales Other revenue $ 92,400 $ 77,130 $ 74,433 1,161 982 923 Total revenue 93,561 78,112 75,356 Cost of sales 66,177 54,864 53,299 Selling, general and administrative expenses 18,615 16,233 15,723 Depreciation and amortization (exclusive of depreciation included in cost of sales) 2,230 2,357 2,224 Operating income 6,539 4,658 4,110 Net interest expense 977 477 461 Net other (income) / expense 16 (9) (27) Earnings from continuing operations before income taxes 5,546 4,190 3,676 Provision for income taxes 1,178 921 746 Net earnings from continuing operations 4,368 3,269 2,930 Discontinued operations, net of tax 12 7 Net earnings $ 4,368 $ 3,281 $ 2,937 Basic earnings per share Continuing operations Discontinued operations Net earnings per share Diluted earnings per share Continuing operations Discontinued operations $ 8.72 $ 6.39 $ 5.54 0.02 0.01 $ 8.72 $ 6.42 $ 5.55 $ 8.64 $ 6.34 $ 5.50 0.02 0.01 Net earnings per share $ 8.64 $ 6.36 $ 5.51 Weighted average common shares outstanding Basic Diluted 500.6 510.9 528.6 505.4 515.6 533.2 Antidilutive shares Note: Per share amounts may not foot due to rounding. See accompanying Notes to Consolidated Financial Statements.