Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Nov. 02, 2013
Oct. 27, 2012
Nov. 02, 2013
Oct. 27, 2012
Income Statement [Abstract]        
Total net sales $ 2,779 $ 2,927 $ 8,077 $ 9,101
Cost of goods sold 1,960 1,975 5,659 5,959
Gross margin 819 952 2,418 3,142
Operating expenses/(income):        
Selling, general and administrative (SG&A) 1,006 1,087 3,110 3,297
Pension 34 51 102 167
Depreciation and amortization 161 133 440 386
Real estate and other, net (27) (197) (117) (412)
Restructuring and management transition 46 34 165 269
Total operating expenses 1,220 1,108 3,700 3,707
Operating income/(loss) (401) (156) (1,282) (565)
Loss on extinguishment of debt 0 0 114 0
Net interest expense 99 55 255 169
Income/(loss) before income taxes (500) (211) (1,651) (734)
Income tax expense/(benefit) (11) (88) (228) (301)
Net income/(loss) $ (489) $ (123) $ (1,423) $ (433)
Earnings/(loss) per share:        
Basic $ (1.94) $ (0.56) $ (6.17) $ (1.98)
Diluted $ (1.94) $ (0.56) $ (6.17) $ (1.98)
Weighted average shares – basic 251.8 [1] 219.4 230.8 219.1
Weighted average shares – diluted 251.8 219.4 230.8 219.1
[1] On October 1, 2013, we issued 84 million shares of common stock with a par value of $0.50 per share.