Nominal Balance Sheet

Assets 2019 2018 2017

Cash and Cash Equivalents 2557 1556 2643
Inventory 8992 9497 8597
Other current assets 1333 1466 1300
Total current assets 12902 12519 12540
Property and equipment
Land 6036 6064 6095
Buildings and improvements 30603 29240 28131
Fixtures and equipment 6083 5912 5623
Computer hardware and software 2692 2544 2645
Construction-in-progress 533 460 440
Accumulated depreciation -19664 -18687 -18398
Property and equipment, net 26283 25533 24536
Operating lease assets 2236 1965 1884
Other noncurrent assets 1358 1273 1343
Total assets 42779 41290 40303
Liabilities and shareholders' investment
Accounts payable 9920 9761 8677
Accrued and other current liabilities 4406 4201 4094
Current portion of long-term debt and other borrowings 161 1052 281
Total current liabilities 14487 15014 13052
Long-term debt and other borrowings 11338 10223 11117
Noncurrent operating lease liabilities 2275 2004 1924
Deferred income taxes 1122 972 693
Other noncurrent liabilities 1724 1780 1866
Total noncurrent liabilities 16459 14979 15600
Shareholders' investment
Common stock 42 43 45
Additional paid-in capital 6226 6042 5858
Retained earnings 6433 6017 6495
Accumulated other comprehensive loss -868 -805 -747
Total shareholders' investment 11833 11297 11651
Total liabilities and shareholders' investment 42779 41290 40303
Common Size Balance Sheet Percentage Change Balance Sheet
2019 2018 2017 2019 2018 (millions, except per share
5.977% 3.768% 6.558% 64.332% -41.128% Total revenue
21.020% 23.001% 21.331% -5.317% 10.469% Cost of sales
3.116% 3.550% 3.226% -9.072% 12.769% Gross Profit
30.160% 30.320% 31.114% 3.059% -0.167% Selling, general and admin
Depreciation and amortiza
14.110% 14.686% 15.123% -0.462% -0.509% Operating income
71.537% 70.816% 69.799% 4.661% 3.942% Net interest expense
14.220% 14.318% 13.952% 2.892% 5.140% Net other (income) / expen
6.293% 6.161% 6.563% 5.818% -3.819% Earnings from continuing o
1.246% 1.114% 1.092% 15.870% 4.545% Provision for income taxes
-45.966% -45.258% -45.649% 5.228% 1.571% Net earnings from continu
61.439% 61.838% 60.879% 2.937% 4.063% Discontinued operations, n
5.227% 4.759% 4.675% 13.791% 4.299% Net earnings
3.174% 3.083% 3.332% 6.677% -5.212%
100.000% 100.000% 100.000% 3.606% 2.449%

23.189% 23.640% 21.529% 1.629% 12.493% Basic earnings per share

10.299% 10.174% 10.158% 4.880% 2.614% Continuing operations
0.376% 2.548% 0.697% -84.696% 274.377% Discontinued operations
33.865% 36.362% 32.385% -3.510% 15.032% Net earnings per share
26.504% 24.759% 27.584% 10.907% -8.042% Diluted earnings per share
5.318% 4.853% 4.774% 13.523% 4.158% Continuing operations
2.623% 2.354% 1.719% 15.432% 40.260% Discontinued operations
4.030% 4.311% 4.630% -3.146% -4.609% Net earnings per share
38.474% 36.278% 38.707% 9.880% -3.981% Weighted average commo
Basic
0.098% 0.104% 0.112% -2.326% -4.444% Diluted
14.554% 14.633% 14.535% 3.045% 3.141% Antidilutive shares
15.038% 14.573% 16.115% 6.914% -7.360%
-2.029% -1.950% -1.853% 7.826% 7.764%
27.661% 27.360% 28.909% 4.745% -3.038%
100.000% 100.000% 100.000% 3.606% 2.449%
 Nominal Income Statement Common Size Income Statement
(millions, except per share data) 2019 2018 2017 2019 2018
Total revenue 78,112 75,356 72,714 100.000% 100.000%
Cost of sales 54,864 53,299 51,125 70.238% 70.730%
Gross Profit 23,248 22,057 21,589 29.762% 29.270%
Selling, general and administrative expenses 16,233 15,723 15,140 20.782% 20.865%
Depreciation and amortization (exclusive of depreciatio 2,357 2,224 2,225 3.017% 2.951%
Operating income 4,658 4,110 4,224 5.963% 5.454%
Net interest expense 477 461 653 0.611% 0.612%
Net other (income) / expense (9) (27) (59) -0.012% -0.036%
Earnings from continuing operations before income ta 4,190 3,676 3,630 5.364% 4.878%
Provision for income taxes -921 -746 -722 -1.179% -0.990%
Net earnings from continuing operations 3,269 2,930 2,908 4.185% 3.888%
Discontinued operations, net of tax 12 7 6 0.015% 0.009%
Net earnings $ 3,281 $ 2,937 $ 2,914 4.200% 3.897%

Basic earnings per share

Continuing operations $ 6.39 $ 5.54 $ 5.32
Discontinued operations 0.02 0.01 0.01
Net earnings per share $ 6.42 $ 5.55 $ 5.32
Diluted earnings per share
Continuing operations $ 6.34 $ 5.50 $ 5.29
Discontinued operations 0.02 0.01 0.01
Net earnings per share $ 6.36 $ 5.51 $ 5.29
Weighted average common share
Basic 510.90 528.60 546.80
Diluted 515.60 533.20 550.30
Antidilutive shares — — 4.10
Size Income Statement Percentage Change Income Statement
2017 2019 2018
100.000% 3.657% 3.633%
70.310% 2.936% 4.252%
29.690% 5.400% 2.168%
20.821% 3.244% 3.851%
3.060% 5.980% -0.045%
5.809% 13.333% -2.699%
0.898% 3.471% -29.403%
-0.081% -66.667% -54.237%
4.992% 13.983% 1.267%
-0.993% 23.458% 3.324%
3.999% 11.570% 0.757%
0.008% 71.429% 16.667%
4.007% 11.713% 0.789%
 Nominal Income Statement Common Size Income Stat
(millions, except per share data) 2019 2018 2017 2019
Total revenue 78,112 75,356 72,714 100.000%
Cost of sales 54,864 53,299 51,125 70.238%
Gross Profit 23,248 22,057 21,589 29.762%
Selling, general and administrative expenses 16,233 15,723 15,140 20.782%
Depreciation and amortization (exclusive of depreciatio 2,357 2,224 2,225 3.017%
Operating income 4,658 4,110 4,224 5.963%
Net interest expense 477 461 653 0.611%
Net other (income) / expense (9) (27) (59) -0.012%
Earnings from continuing operations before income ta 4,190 3,676 3,630 5.364%
Provision for income taxes -921 -746 -722 -1.179%
Net earnings from continuing operations 3,269 2,930 2,908 4.185%
Discontinued operations, net of tax 12 7 6 0.015%
Net earnings $ 3,281 $ 2,937 $ 2,914 4.200%

Nominal Income Statement Percent Change Income

Basic earnings per share 2019 2018 2017 2019 2018
Continuing operations $ 6.39 $ 5.54 $ 5.32 15.34% 4.14%
Discontinued operations 0.02 0.01 0.01 100.00% 0.00%
Net earnings per share $ 6.42 $ 5.55 $ 5.32 15.68% 4.32%
Diluted earnings per share
Continuing operations $ 6.34 $ 5.50 $ 5.29 15.27% 3.97%
Discontinued operations 0.02 0.01 0.01 100.00% 0.00%
Net earnings per share $ 6.36 $ 5.51 $ 5.29 15.43% 4.16%
Weighted average common share
Basic 510.90 528.60 546.80 -3.35% -3.33%
Diluted 515.60 533.20 550.30 -3.30% -3.11%
Antidilutive shares — — 4.10
Common Size Income Statement Percentage Change Income Statement
2018 2017 2019 2018
100.000% 100.000% 3.657% 3.633%
70.730% 70.310% 2.936% 4.252%
29.270% 29.690% 5.400% 2.168%
20.865% 20.821% 3.244% 3.851%
2.951% 3.060% 5.980% -0.045%
5.454% 5.809% 13.333% -2.699%
0.612% 0.898% 3.471% -29.403%
-0.036% -0.081% -66.667% -54.237%
4.878% 4.992% 13.983% 1.267%
-0.990% -0.993% 23.458% 3.324%
3.888% 3.999% 11.570% 0.757%
0.009% 0.008% 71.429% 16.667%
3.897% 4.007% 11.713% 0.789%