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3. Segment Information
Foot Locker operates one reportable segment. Division profit reflects income before income taxes, impairment and other, corporate expense, other income / (expense), net, and net interest expense.
| | | Thirteen weeks ended | |
| | | April 29, | | | April 30, | |
| ($ in millions) | | 2023 | | | 2022 | |
| Division profit | | $ | 104 | | | $ | 263 | |
| Less: Impairment and other (1) | | | 39 | | | | 6 | |
| Less: Corporate expense (2) | | | 4 | | | | 37 | |
| Income from operations | | | 61 | | | | 220 | |
| Interest expense, net | | | (1 | ) | | | (5 | ) |
| Other income / (expense), net (3) | | | (3 | ) | | | (25 | ) |
| Income before income taxes | | $ | 57 | | | $ | 190 | |
| (1) | See Note 4, Impairment and Other Charges for further detail. |
| (2) | Corporate expense consists of unallocated selling, general and administrative expenses, as well as depreciation and amortization related to our corporate headquarters, centrally managed departments, unallocated insurance and benefit programs, certain foreign exchange transaction gains and losses, and other items. |
| (3) | See Note 5, Other Income / (Expense), net. |
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