The following is a summary of the quarterly consolidated results of operations for the fiscal years ended February 2, 2014 and February 3, 2013 (amounts in millions):

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			TOTAL

Fiscal Year 2013
Net sales	$	2,048		$	2,237		$	2,273		$	1,929		$	8,487
Gross profit		593			657			662			560			2,472
Income (loss) from continuing operations		(130	)		(71	)		51			(59	)		(209	)
Income (loss) from discontinued operations		(1	)		(1	)		—			(7	)		(9	)
Net income (loss)		(131	)		(72	)		51			(66	)		(218	)
Basic earnings (loss) per share(1)
Income (loss) from continuing operations	$	(1.00	)	$	(0.46	)	$	0.27		$	(0.31	)	$	(1.25	)
Income (loss) from discontinued operations		(0.01	)		(0.01	)		—			(0.04	)		(0.05	)
Net income (loss)		(1.00	)		(0.47	)		0.27			(0.34	)		(1.31	)
Diluted earnings (loss) per share(1)
Income (loss) from continuing operations	$	(1.00	)	$	(0.46	)	$	0.26		$	(0.31	)	$	(1.25	)
Income (loss) from discontinued operations		(0.01	)		(0.01	)		—			(0.04	)		(0.05	)
Net income (loss)		(1.00	)		(0.47	)		0.26			(0.34	)		(1.31	)
Fiscal Year 2012
Net sales	$	1,813		$	2,036		$	2,120		$	1,974		$	7,943
Gross profit		517			590			610			582			2,299
Income (loss) from continuing operations		(375	)		(57	)		(52	)		(713	)		(1,197	)
Income (loss) from discontinued operations		15			1			2			—			18
Net income (loss)		(360	)		(56	)		(50	)		(713	)		(1,179	)
Basic earnings (loss) per share(1)
Income (loss) from continuing operations	$	(2.87	)	$	(0.44	)	$	(0.40	)	$	(5.46	)	$	(9.17	)
Income (loss) from discontinued operations		0.11			0.01			0.02			—			0.14
Net income (loss)		(2.76	)		(0.43	)		(0.38	)		(5.46	)		(9.03	)
Diluted earnings (loss) per share(1)
Income (loss) from continuing operations	$	(2.87	)	$	(0.44	)	$	(0.40	)	$	(5.46	)	$	(9.17	)
Income (loss) from discontinued operations		0.11			0.01			0.02			—			0.14
Net income (loss)		(2.76	)		(0.43	)		(0.38	)		(5.46	)		(9.03	)

(1): Basic and Diluted earnings (loss) per share are based on shares outstanding for Holdings. Quarterly earnings per share amounts may not foot due to rounding. In addition, quarterly earnings per share amounts may not add to full-year earnings per share amounts due to the difference in weighted-average common shares for the quarters versus the weighted-average common shares for the year.