Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
		Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
REVENUES
Merchandise sales		$ 3,498	$ 4,648	$ 6,927	$ 9,050
Services and other	[1],[2]	867	1,015	1,739	2,007
Total revenues		4,365	5,663	8,666	11,057
COSTS AND EXPENSES
Cost of sales, buying and occupancy - merchandise sales	[3]	2,902	3,809	5,785	7,431
Cost of sales and occupancy - services and other	[1]	492	594	980	1,189
Total cost of sales, buying and occupancy		3,394	4,403	6,765	8,620
Selling and administrative		1,369	1,484	2,636	2,987
Depreciation and amortization		83	92	170	187
Impairment charges		5	7	20	15
Gain on sales of assets		(380)	(54)	(1,121)	(115)
Total costs and expenses		4,471	5,932	8,470	11,694
Operating income (loss)		(106)	(269)	196	(637)
Interest expense		(123)	(99)	(251)	(184)
Interest and investment loss		(12)	(13)	(14)	(17)
Other loss		0	(1)	0	0
Loss before income taxes		(241)	(382)	(69)	(838)
Income tax (expense) benefit		(10)	(13)	62	(28)
NET LOSS ATTRIBUTABLE TO HOLDINGS' SHAREHOLDERS		$ (251)	$ (395)	$ (7)	$ (866)
NET LOSS PER COMMON SHARE ATTRIBUTABLE TO HOLDINGS' SHAREHOLDERS
Basic loss per share (in USD per share)		$ (2.34)	$ (3.70)	$ (0.07)	$ (8.11)
Diluted loss per share (in USD per share)		$ (2.34)	$ (3.70)	$ (0.07)	$ (8.11)
Basic weighted average common shares outstanding (in shares)		107.3	106.9	107.2	106.8
Diluted weighted average common shares outstanding (in shares)		107.3	106.9	107.2	106.8

[1] Includes merchandise sales to Sears Hometown and Outlet Stores, Inc. ("SHO") of $257 million and $283 million for the 13 weeks ended July 29, 2017 and July 30, 2016, respectively, and $511 million and $576 million for the 26 weeks ended July 29, 2017 and July 30, 2016, respectively. Pursuant to the terms of the separation, merchandise is sold to SHO at cost.

[2] Includes revenue from Lands' End, Inc. ("Lands' End") for retail services and rent for Lands' End Shops at owned Sears locations, participation in the Shop Your Way® program and corporate shared services of $12 million and $12 million for the 13 weeks ended July 29, 2017 and July 30, 2016, respectively, and $24 million and $23 million for the 26 weeks ended July 29, 2017 and July 30, 2016, respectively.

[3] Includes rent expense (consisting of straight-line rent expense offset by amortization of a deferred gain on sale-leaseback) of $19 million and $21 million for the 13 weeks ended July 29, 2017 and July 30, 2016, respectively, and $38 million and $42 million for the 26 weeks ended July 29, 2017 and July 30, 2016, respectively, pursuant to the master lease with Seritage Growth Properties ("Seritage"). Also includes installment expenses of $12 million and $17 million for the 13 weeks ended July 29, 2017 and July 30, 2016, respectively, and $24 million and $34 million for the 26 weeks ended July 29, 2017 and July 30, 2016, respectively.