Quarterly report pursuant to Section 13 or 15(d)

Real Estate and Other, Net

v3.19.1
Real Estate and Other, Net
3 Months Ended
May 04, 2019
Real Estate and Other, Net [Abstract]  
Real Estate and Other, Net
Real Estate and Other, Net
Real estate and other consists of ongoing operating income from our real estate subsidiaries. Real estate and other also includes net gains from the sale of facilities and equipment that are no longer used in operations, asset impairments, accruals for certain litigation and other non-operating charges and credits.

The composition of Real estate and other, net was as follows:
 
Three Months Ended
 
($ in millions)
May 4,
2019
 
May 5,
2018
 
Net gain from sale of operating assets
$
(4
)
 
$
(17
)
 
Other
(1
)
 
(1
)
 
Total expense/(income)
$
(5
)
 
$
(18
)
 


Net Gain from Sale of Operating Assets
During the first quarter of 2018, we completed the sale of our Milwaukee, Wisconsin distribution facility for a net sale price of $30 million and recognized a net gain of $12 million.