<ARTICLE> 5 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONDENSED CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF INCOME AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JAN-02-1999 <PERIOD-END> JUL-04-1998 <CASH> 450 <SECURITIES> 4,302<F1> <RECEIVABLES> 18,297 <ALLOWANCES> 1,137 <INVENTORY> 5,146 <CURRENT-ASSETS> 28,631 <PP&E> 11,721 <DEPRECIATION> 5,218 <TOTAL-ASSETS> 37,171 <CURRENT-LIABILITIES> 13,816 <BONDS> 13,257 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 323 <OTHER-SE> 5,862 <TOTAL-LIABILITY-AND-EQUITY> 37,171 <SALES> 17,016 <TOTAL-REVENUES> 19,410 <CGS> 12,734 <TOTAL-COSTS> 12,734 <OTHER-EXPENSES> 4,402<F2> <LOSS-PROVISION> 749 <INTEREST-EXPENSE> 737 <INCOME-PRETAX> 797 <INCOME-TAX> 315 <INCOME-CONTINUING> 469 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 469 <EPS-PRIMARY> 1.20<F3> <EPS-DILUTED> 1.19 <FN> <F1>Represents retained interest in transferred credit card receivables <F2>Represents the sum of selling and administrative expense and depreciation and amortization expense <F3>Represents basic earnings per share </FN>