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Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions 12 Months Ended Feb. 03, 2018 Jan. 28, 2017 Jan. 30, 2016

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions

12 Months Ended

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

Income Statement [Abstract]
Sales $ 71,879 $ 69,495 $ 73,785
Cost of sales (a) [1] 51,125 49,145 52,241
Gross margin 20,754 20,350 21,544
Selling, general and administrative expenses 14,248 13,356 14,665
Depreciation and amortization (exclusive of depreciation included in cost of sales) [1] 2,194 2,025 1,969
Gain on sale 0 0 (620)
Earnings from continuing operations before interest expense and income taxes 4,312 4,969 5,530
Net interest expense 666 1,004 607
Earnings from continuing operations before income taxes 3,646 3,965 4,923
Provision for income taxes 718 1,296 1,602
Net earnings from continuing operations 2,928 2,669 3,321
Discontinued operations, net of tax 6 68 42
Net earnings $ 2,934 $ 2,737 $ 3,363
Basic earnings per share
Continuing operations (in dollars per share) $ 5.35 $ 4.62 $ 5.29
Discontinued operations (in dollars per share) 0.01 0.12 0.07
Net earnings/(loss) per share (in dollars per share) 5.36 4.74 5.35
Diluted earnings per share
Continuing operations (in dollars per share) 5.32 4.58 5.25
Discontinued operations (in dollars per share) 0.01 0.12 0.07
Net earnings/(loss) per share (in dollars per share) $ 5.33 $ 4.70 $ 5.31
Weighted average common shares outstanding
Basic (in shares) 546.8 577.6 627.7
Dilutive effect of share-based awards (in shares) 3.5 4.9 5.2
Diluted (in shares) 550.3 582.5 632.9
Antidilutive shares (in shares) 4.1 0.1 0.0
Dividends declared per share (in dollars per share) $ 2.46 $ 2.36 $ 2.20

From the income statement, determine the income tax expense for the year ended February 3, 2018. Tie that number to the second table in Note 23, Provision for Income Taxes and prepare a summary journal entry that records Targets income tax from continuing operations. (Note that your summary journal entry should only have 3 accounts total.)

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