|
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Aug. 02, 2014
|
Aug. 03, 2013
|
Aug. 02, 2014
|
Aug. 03, 2013
|
|
| Income Statement [Abstract] | ||||
| Total net sales | $ 2,799 | $ 2,663 | $ 5,600 | $ 5,298 |
| Cost of goods sold | 1,791 | 1,876 | 3,666 | 3,699 |
| Gross margin | 1,008 | 787 | 1,934 | 1,599 |
| Operating expenses/(income): | ||||
| Selling, general and administrative (SG&A) | 964 | 1,026 | 1,973 | 2,104 |
| Pension | 2 | 34 | 3 | 68 |
| Depreciation and amortization | 160 | 143 | 318 | 279 |
| Real estate and other, net | (53) | (68) | (70) | (90) |
| Restructuring and management transition | 5 | 47 | 27 | 119 |
| Total operating expenses | 1,078 | 1,182 | 2,251 | 2,480 |
| Operating income/(loss) | (70) | (395) | (317) | (881) |
| Loss on extinguishment of debt | 0 | (114) | 0 | (114) |
| Net interest expense | 106 | 95 | 203 | 156 |
| Income/(loss) before income taxes | (176) | (604) | (520) | (1,151) |
| Income tax expense/(benefit) | (4) | (18) | 4 | (217) |
| Net income/(loss) | $ (172) | $ (586) | $ (524) | $ (934) |
| Earnings/(loss) per share: | ||||
| Basic (in dollars per share) | $ (0.56) | $ (2.66) | $ (1.72) | $ (4.24) |
| Diluted (in dollars per share) | $ (0.56) | $ (2.66) | $ (1.72) | $ (4.24) |
| Weighted average shares – basic | 305.2 | 220.6 | 305.1 | 220.2 |
| Weighted average shares – diluted | 305.2 | 220.6 | 305.1 | 220.2 |