Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Aug. 02, 2014
Aug. 03, 2013
Aug. 02, 2014
Aug. 03, 2013
Income Statement [Abstract]        
Total net sales $ 2,799 $ 2,663 $ 5,600 $ 5,298
Cost of goods sold 1,791 1,876 3,666 3,699
Gross margin 1,008 787 1,934 1,599
Operating expenses/(income):        
Selling, general and administrative (SG&A) 964 1,026 1,973 2,104
Pension 2 34 3 68
Depreciation and amortization 160 143 318 279
Real estate and other, net (53) (68) (70) (90)
Restructuring and management transition 5 47 27 119
Total operating expenses 1,078 1,182 2,251 2,480
Operating income/(loss) (70) (395) (317) (881)
Loss on extinguishment of debt 0 (114) 0 (114)
Net interest expense 106 95 203 156
Income/(loss) before income taxes (176) (604) (520) (1,151)
Income tax expense/(benefit) (4) (18) 4 (217)
Net income/(loss) $ (172) $ (586) $ (524) $ (934)
Earnings/(loss) per share:        
Basic (in dollars per share) $ (0.56) $ (2.66) $ (1.72) $ (4.24)
Diluted (in dollars per share) $ (0.56) $ (2.66) $ (1.72) $ (4.24)
Weighted average shares – basic 305.2 220.6 305.1 220.2
Weighted average shares – diluted 305.2 220.6 305.1 220.2