Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Aug. 01, 2020
Aug. 03, 2019
Aug. 01, 2020
Aug. 03, 2019
Income Statement [Abstract]        
Total net sales $ 1,390 $ 2,509 $ 2,472 $ 4,948
Credit income and other 69 110 183 226
Total revenues 1,459 2,619 2,655 5,174
Cost of goods sold (exclusive of depreciation and amortization shown separately below) 919 1,585 1,732 3,215
Selling, general and administrative (SG&A) 470 870 1,042 1,726
Depreciation and amortization 161 137 296 284
Real estate and other, net 5 (3) 7 2
Restructuring and management transition 67 7 222 27
Total costs and expenses 1,612 2,602 3,285 5,250
Operating income/(loss) (153) 17 (630) (76)
Other components of net periodic pension cost/(income) 77 (13) 54 (26)
(Gain)/loss on extinguishment of debt 0 1 0 1
Net interest expense 67 74 142 147
Loss due to discontinuance of hedge accounting 0 0 (77) 0
Reorganization items, net 108 0 108 0
Income/(loss) before income taxes (405) (43) (1,011) (196)
Income tax expense/(benefit) (7) 5 (67) 6
Net income/(loss) $ (398) $ (48) $ (944) $ (202)
Earnings Per Share, Basic $ (1.23) $ (0.15) $ (2.91) $ (0.63)
Earnings Per Share, Diluted $ (1.23) $ (0.15) $ (2.91) $ (0.63)
Weighted average shares – basic 324,600 319,400 324,200 318,600
Weighted average shares – diluted 324,600 319,400 324,200 318,600