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Financial Performance

Condensed Consolidated Balance Sheets
(Dollars in millions)
      ASSETS             February 2,
2008
    February 3,
2007
   
Cash and cash equivalents     $       583   $       1,211  
Accounts receivable     463   517  
Merchandise inventories     5,060   5,317  
Supplies and prepaid expenses     218   251  
Assets of discontinued operations       -     126    
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Total Current Assets       6,324     7,422    
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Property and equipment - net     10,991   11,473  
Goodwill     9,133   9,204  
Other intangible assets - net     831   883  
Other assets       510     568    
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Total Assets       $27,789     $29,550    



      LIABILITIES & SHAREHOLDERS' EQUITY
Short-term debt      $       666        $       650  
Accounts payable & accrued liabilities 4,127   4,604  
Income taxes 344   665  
Deferred income taxes 223   128  
Liabilities of discontinued operations     48    
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Total Current Liabilities   5,360     6,095    
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Long-term debt 9,087   7,847  
Deferred income taxes 1,446   1,652  
Other liabilities 1,989   1,702  
Shareholders' equity   9,907     12,254    
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Total Liabilities & Shareholders' Equity   $27,789     $29,550      

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