income Statement For the years ended January 31, 2023 and 2022 In millions of $ Year ended Jan. 31, 2023 Year ended Jan. 31, 2022 Sales $ 14,789 Cost of goods sold 9,344 Gross margin 5,445 Selling, general, & administrative expense 4,338 Depreciation expense 615 Operating income 492 Interest expense 246 Income before taxes 246 Income tax expense 68 Net income $ 178