Stockholders’ Equity The following table shows the change in the components of stockholders’ equity for the nine months ended November 1, 2014: | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | Number
of
Common Shares | | Common Stock | | Additional
Paid-in Capital | | Reinvested
Earnings/
(Accumulated Deficit) | | Accumulated
Other
Comprehensive Income/(Loss) | | Total
Stockholders’ Equity | February 1, 2014 | 304.6 |
| | $ | 152 |
| | $ | 4,571 |
| | $ | (1,008 | ) | | $ | (628 | ) | | $ | 3,087 |
| Net income/(loss) | — |
| | — |
| | — |
| | (712 | ) | | — |
| | (712 | ) | Other comprehensive income/(loss) | — |
| | — |
| | — |
| | — |
| | 29 |
| | 29 |
| Stock-based compensation | 0.2 |
| | — |
| | 26 |
| | — |
| | — |
| | 26 |
| November 1, 2014 | 304.8 |
| | $ | 152 |
| | $ | 4,597 |
| | $ | (1,720 | ) | | $ | (599 | ) | | $ | 2,430 |
|
Comprehensive Income The tax effects allocated to each component of other comprehensive income/(loss) are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | November 1, 2014 | | November 2, 2013 | ($ in millions) | Gross
Amount | | Income
Tax
(Expense)/
Benefit | | Net
Amount | | Gross
Amount | | Income
Tax
(Expense)/
Benefit | | Net
Amount | REITs | | | | | | | | | | | | Unrealized gain/(loss) | $ | — |
| | $ | — |
| | $ | — |
| | $ | (1 | ) | | $ | 1 |
| | $ | — |
| Retirement benefit plans | | | | | | | | | | | | Reclassification for amortization of net actuarial (gain)/loss | 16 |
| | (6 | ) | | 10 |
| | 43 |
| | (17 | ) | | 26 |
| Reclassification for amortization of prior service (credit)/cost | (1 | ) | | — |
| | (1 | ) | | (1 | ) | | 1 |
| | — |
| Total | $ | 15 |
| | $ | (6 | ) |
| $ | 9 |
| | $ | 41 |
| | $ | (15 | ) | | $ | 26 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended | | November 1, 2014 | | November 2, 2013 | ($ in millions) | Gross Amount | | Income
Tax
(Expense)/ Benefit | | Net Amount | | Gross Amount | | Income
Tax
(Expense)/ Benefit | | Net Amount | REITs | | | | | | | | | | | | Unrealized gain/(loss) | $ | — |
| | $ | — |
| | $ | — |
| | $ | (1 | ) | | $ | 1 |
| | $ | — |
| Retirement benefit plans | | | | | | | | | | | | Reclassification for amortization of net actuarial (gain)/loss | 49 |
| | (19 | ) | | 30 |
| | $ | 131 |
| | (50 | ) | | 81 |
| Reclassification for amortization of prior service (credit)/cost | (1 | ) | | — |
| | (1 | ) | | (2 | ) | | 1 |
| | (1 | ) | Total | $ | 48 |
| | $ | (19 | ) | | $ | 29 |
| | $ | 128 |
| | $ | (48 | ) | | $ | 80 |
|
The following table shows the changes in accumulated other comprehensive income/(loss) balances for the nine months ended November 1, 2014: | | | | | | | | | | | | | ($ in millions) | Net Actuarial Gain/(Loss) | | Prior Service Credit/(Cost) | | Accumulated Other
Comprehensive Income/(Loss) | February 1, 2014 | $ | (609 | ) | | $ | (19 | ) | | $ | (628 | ) | Other comprehensive income/(loss) before reclassifications | — |
| | — |
| | — |
| Amounts reclassified from accumulated other comprehensive income | 30 |
| | (1 | ) | | 29 |
| Net current-period other comprehensive income | 30 |
| | (1 | ) | | 29 |
| November 1, 2014 | $ | (579 | ) | | $ | (20 | ) | | $ | (599 | ) |
Reclassifications out of accumulated other comprehensive income/(loss) are as follows: | | | | | | | | | | | | | | | | | | | | Amount Reclassified from Accumulated Other Comprehensive Income/(Loss) | | Line Item in the Unaudited Interim Consolidated Statements of Operations | | Three Months Ended | | Nine Months Ended | | ($ in millions) | November 1,
2014 | | November 2,
2013 | | November 1,
2014 | | November 2,
2013 | | Amortization of retirement benefit plans | | | | | | | | | | Actuarial loss/(gain)(1) | $ | 16 |
| | $ | 44 |
| | $ | 49 |
| | $ | 132 |
| | Pension | Prior service cost/(credit)(1) | 1 |
| | 1 |
| | 5 |
| | 4 |
| | Pension | Actuarial loss/(gain)(1) | — |
| | (1 | ) | | — |
| | (1 | ) | | SG&A | Prior service cost/(credit)(1) | (2 | ) | | (2 | ) | | (6 | ) | | (6 | ) | | SG&A | Tax (expense)/benefit | (6 | ) | | (16 | ) | | (19 | ) | | (49 | ) | | Income tax expense/(benefit) | Total, net of tax | 9 |
| | 26 |
| | 29 |
| | 80 |
| | | Total reclassifications | $ | 9 |
| | $ | 26 |
| | $ | 29 |
| | $ | 80 |
| | |
| | (1) | These accumulated other comprehensive components are included in the computation of net periodic benefits expense/(income). See Note 8 for additional details. |
Issuance of Common Stock On October 1, 2013, we issued 84 million shares of common stock with a par value of $0.50 per share for $9.65 per share for total net proceeds of $786 million after $24 million of fees. |