Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jan. 28, 2017
Jan. 30, 2016
Jan. 31, 2015
Income Statement [Abstract]      
Total net sales $ 12,547 $ 12,625 $ 12,257
Cost of goods sold 8,071 8,074 7,996
Gross margin 4,476 4,551 4,261
Operating expenses/(income):      
Selling, general and administrative (SG&A) 3,538 3,775 3,993
Pension 19 162 (48)
Depreciation and amortization 609 616 631
Real estate and other, net (111) 3 (148)
Restructuring and management transition 26 84 87
Total operating expenses 4,081 4,640 4,515
Operating income/(loss) 395 (89) (254)
Loss on extinguishment of debt 30 10 34
Net interest expense 363 405 406
Income/(loss) before income taxes 2 (504) (694)
Income tax expense/(benefit) 1 9 23
Net income/(loss) $ 1 $ (513) $ (717)
Earnings/(loss) per share:      
Basic (in dollars per share) $ 0.00 $ (1.68) $ (2.35)
Diluted (in dollars per share) $ 0.00 $ (1.68) $ (2.35)
Weighted average shares – basic 308.1 305.9 305.2
Weighted average shares – diluted 313.0 305.9 305.2