Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Jan. 28, 2012
Jan. 29, 2011
Jan. 30, 2010
Consolidated Statements of Operations [Abstract]      
Total net sales $ 17,260 $ 17,759 $ 17,556
Cost of goods sold 11,042 10,799 10,646
Gross margin 6,218 6,960 6,910
Operating expenses/(income):      
Selling, general and administrative (SG&A) 5,109 5,358 5,410
Pension 121 255 337
Depreciation and amortization 518 511 495
Real estate and other, net 21 (28) 5
Restructuring and management transition 451 32  
Total operating expenses 6,220 6,128 6,247
Operating (loss)/income (2) 832 663
Net interest expense 227 231 260
Bond premiums and unamortized costs   20  
(Loss)/income from continuing operations before income taxes (229) 581 403
Income tax (benefit)/expense (77) 203 154
(Loss)/income from continuing operations (152) 378 249
Income from discontinued operations, net of income tax expense of $-, $4 and $1, respectively   11 2
Net (loss)/income $ (152) $ 389 $ 251
Basic (loss)/earnings per share      
Continuing operations $ (0.70) $ 1.60 $ 1.07
Discontinued operations   $ 0.04 $ 0.01
Net (loss)/income $ (0.70) $ 1.64 $ 1.08
Diluted (loss)/earnings per share:      
Continuing operations $ (0.70) $ 1.59 $ 1.07
Discontinued operations   $ 0.04 $ 0.01
Net (loss)/income $ (0.70) $ 1.63 $ 1.08
Weighted average shares - basic 217.4 236.4 232.0
Weighted average shares - diluted 217.4 238.0 233.1