|
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Aug. 03, 2013
|
Jul. 28, 2012
|
Aug. 03, 2013
|
Jul. 28, 2012
|
|
| Consolidated Statements of Operations [Abstract] | ||||
| Total net sales | $ 2,663 | $ 3,022 | $ 5,298 | $ 6,174 |
| Cost of goods sold | 1,876 | 2,018 | 3,699 | 3,984 |
| Gross margin | 787 | 1,004 | 1,599 | 2,190 |
| Operating expenses/(income): | ||||
| Selling, general and administrative (SG&A) | 1,026 | 1,050 | 2,104 | 2,210 |
| Pension | 34 | 58 | 68 | 116 |
| Depreciation and amortization | 143 | 128 | 279 | 253 |
| Real estate and other, net | (68) | (208) | (90) | (215) |
| Restructuring and management transition | 47 | 159 | 119 | 235 |
| Total operating expenses | 1,182 | 1,187 | 2,480 | 2,599 |
| Operating income/(loss) | (395) | (183) | (881) | (409) |
| Loss on extinguishment of debt | 114 | 114 | ||
| Net interest expense | 95 | 58 | 156 | 114 |
| Income/(loss) before income taxes | (604) | (241) | (1,151) | (523) |
| Income tax expense/(benefit) | (18) | (94) | (217) | (213) |
| Net income/(loss) | $ (586) | $ (147) | $ (934) | $ (310) |
| Earnings/(loss) per share: | ||||
| Basic | $ (2.66) | $ (0.67) | $ (4.24) | $ (1.42) |
| Diluted | $ (2.66) | $ (0.67) | $ (4.24) | $ (1.42) |
| Weighted average shares - basic | 220.6 | 219.3 | 220.2 | 218.9 |
| Weighted average shares - diluted | 220.6 | 219.3 | 220.2 | 218.9 |