|
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Jul. 28, 2012
|
Jul. 30, 2011
|
Jul. 28, 2012
|
Jul. 30, 2011
|
|
| Consolidated Statements of Operations [Abstract] | ||||
| Total net sales | $ 3,022 | $ 3,906 | $ 6,174 | $ 7,849 |
| Cost of goods sold | 2,018 | 2,409 | 3,984 | 4,757 |
| Gross margin | 1,004 | 1,497 | 2,190 | 3,092 |
| Operating expenses/(income): | ||||
| Selling, general and administrative (SG&A) | 1,050 | 1,243 | 2,210 | 2,524 |
| Pension | 58 | 28 | 116 | 57 |
| Depreciation and amortization | 128 | 128 | 253 | 256 |
| Real estate and other, net | (208) | (6) | (215) | (19) |
| Restructuring and management transition | 159 | 23 | 235 | 32 |
| Total operating expenses | 1,187 | 1,416 | 2,599 | 2,850 |
| Operating income/(loss) | (183) | 81 | (409) | 242 |
| Net interest expense | 58 | 57 | 114 | 115 |
| Income/(loss) before income taxes | (241) | 24 | (523) | 127 |
| Income tax expense/(benefit) | (94) | 10 | (213) | 49 |
| Net income/(loss) | $ (147) | $ 14 | $ (310) | $ 78 |
| Earnings/(loss) per share: | ||||
| Basic | $ (0.67) | $ 0.07 | $ (1.42) | $ 0.35 |
| Diluted | $ (0.67) | $ 0.07 | $ (1.42) | $ 0.35 |
| Weighted average shares - basic | 219.3 | 213.3 | 218.9 | 221.3 |
| Weighted average shares - diluted | 219.3 | 216.3 | 218.9 | 224.2 |