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Quarterly Results of Operations (Unaudited)
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Jan. 28, 2012
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| Quarterly Results of Operations (Unaudited) | 21) Quarterly Results of Operations (Unaudited) The following is a summary of our quarterly unaudited consolidated results of operations for 2011 and 2010:
2010
(1) Includes $207 million of higher markdowns and merchandise re-ticketing costs associated with implementing our new pricing strategy. (2) Beginning in third quarter of 2011, restructuring and management transition charges were reported as a separate operating expense line. Previously these charges were included in real estate and other, net. The previous quarters have been reclassified to conform to the new presentation. (3) Includes $3 million related to activities to streamline our supply chain operations, $3 million related to the exit of our catalog and catalog outlet businesses, $1 million related to employment termination benefits in our stores and home office and $2 million related to other miscellaneous restructuring activities. See Note 17. (4) Includes $12 million related to activities to streamline our supply chain operations, $1 million related to the exit of our catalog and catalog outlet businesses, $4 million related to employment termination benefits in our stores and home office, $2 million related to management transition costs and $4 million related to other miscellaneous restructuring activities. See Note 17. (5) Includes $16 million related to activities to streamline our supply chain operations, $30 million related to the exit of our catalog and catalog outlet businesses, $12 million related to employment termination benefits in our stores and home office, $179 million related to the VERP, $27 million related to management transition costs and $1 million related to other miscellaneous restructuring activities. See Note 17. (6) Includes $10 million related to activities to streamline our supply chain operations, $24 million related to employment termination benefits in our stores and home office, $101 million related to management transition costs and $19 million related to other miscellaneous restructuring activities which includes $8 million related to the exit of our websites CLAD and Gifting Grace. See Note 17. (7) Includes $58 million of store impairments charges recorded in real estate and other, net. (8) EPS is computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in average quarterly shares outstanding. (9) Includes $21 million related to the exit of our catalog and catalog outlet businesses, $4 million related to employment termination benefits in our stores and home office and $7 million of other miscellaneous restructuring activities. See Note 17. |