QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Feb. 03, 2013

QUARTERLY FINANCIAL DATA (UNAUDITED)

QUARTERLY FINANCIAL DATA (UNAUDITED)

NOTE 16—QUARTERLY FINANCIAL DATA (UNAUDITED)

        The following is a summary of the quarterly consolidated results of operations for the fiscal years ended February 3, 2013 and January 29, 2012 (amounts in millions):

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			TOTAL
Fiscal Year 2012
Net sales	$	1,836		$	2,059		$	2,146		$	1,994		$	8,035
Gross profit		523			594			616			587			2,320
Loss from continuing operations		(376	)		(56	)		(53	)		(714	)		(1,199	)
Net income (loss)		(360	)		(56	)		(50	)		(713	)		(1,179	)
Fiscal Year 2011
Net sales	$	1,608		$	1,875		$	1,893		$	1,652		$	7,028
Gross profit		460			533			535			486			2,014
Loss from continuing operations		(169	)		(108	)		(119	)		(167	)		(563	)
Net income (loss)		(164	)		(101	)		(105	)		(173	)		(543	)

        Loss from continuing operations and Net income (loss) in the first quarter of fiscal 2012 includes a loss on extinguishment of debt of $220 million. Loss from continuing operations and Net income (loss) in the fourth quarter of fiscal 2012 includes a loss on extinguishment of debt of $489 million and goodwill and other intangible asset impairment charges of $152 million, or $113 million net of tax. There is no tax impact related to the losses on extinguishment of debt due to the Company's valuation allowance position. See Note 8, Income Taxes, for further information on the Company's taxes.