Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.3.1.900
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jan. 30, 2016
Jan. 31, 2015
[1]
Feb. 01, 2014
[1]
Income Statement [Abstract]      
Total net sales $ 12,625 $ 12,257 $ 11,859
Cost of goods sold 8,074 7,996 8,367
Gross margin 4,551 4,261 3,492
Operating expenses/(income):      
Selling, general and administrative (SG&A) 3,775 3,993 4,114
Pension 162 (48) (41)
Depreciation and amortization 616 631 601
Real estate and other, net 3 (148) (155)
Restructuring and management transition 84 87 215
Total operating expenses 4,640 4,515 4,734
Operating income/(loss) (89) (254) (1,242)
Loss on extinguishment of debt 10 34 114
Net interest expense 405 406 352
Income/(loss) before income taxes (504) (694) (1,708)
Income tax expense/(benefit) 9 23 (430)
Net income/(loss) $ (513) $ (717) $ (1,278)
Earnings/(loss) per share:      
Basic (in dollars per share) $ (1.68) $ (2.35) $ (5.13)
Diluted (in dollars per share) $ (1.68) $ (2.35) $ (5.13)
Weighted average shares – basic 305.9 305.2 249.3
Weighted average shares – diluted 305.9 305.2 249.3
[1] As Adjusted