Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.5.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 30, 2016
Aug. 01, 2015
[1]
Jul. 30, 2016
Aug. 01, 2015
Income Statement [Abstract]        
Total net sales $ 2,918 $ 2,875 $ 5,729 $ 5,732 [1]
Cost of goods sold 1,834 1,810 3,627 3,626 [1]
Gross margin 1,084 1,065 2,102 2,106 [1]
Operating expenses/(income):        
Selling, general and administrative (SG&A) 853 901 1,725 1,866 [1]
Pension 2 (16) 4 (35)
Depreciation and amortization 153 153 307 307 [1]
Real estate and other, net (9) 19 (47) (16) [1]
Restructuring and management transition 9 17 15 39 [1]
Total operating expenses 1,008 1,074 2,004 2,161
Operating income/(loss) 76 (9) 98 (55) [1]
(Gain)/loss on extinguishment of debt 34 0 30 0 [1]
Net interest expense 93 103 188 201 [1]
Income/(loss) before income taxes (51) (112) (120) (256) [1]
Income tax expense/(benefit) 5 5 4 11
Net income/(loss) $ (56) $ (117) $ (124) $ (267) [1]
Earnings/(loss) per share:        
Basic (in dollars per share) $ (0.18) $ (0.38) $ (0.40) $ (0.87) [1]
Diluted (in dollars per share) $ (0.18) $ (0.38) $ (0.40) $ (0.87) [1]
Weighted average shares – basic 308.0 305.9 307.6 305.7 [1]
Weighted average shares – diluted 308.0 305.9 307.6 305.7 [1]
[1] As Adjusted