SEGMENT INFORMATION (Tables)

3 Months Ended

May 04, 2014

SEGMENT INFORMATION

Net Sales Adjusted Earning Before Interest, Taxes, Depreciation and Amortization and Other Measures for Reportable Segments and Total Continuing Operations

The following tables present Net sales, Adjusted EBITDA, and other measures for each of the reportable segments and total continuing operations for the periods indicated (amounts in millions):

	Facilities Maintenance		Waterworks		Power Solutions		Construction & Industrial - White Cap		Corporate & Other			Total Continuing Operations
Three Months Ended May 4, 2014
Net Sales	$	604	$	551	$	461	$	344	$	201		$	2,161
Adjusted EBITDA	109		41		18		22		—			190
Depreciation(1) & Software Amortization	12		2		1		4		10			29
Other Intangible Amortization	20		1		5		5		3			34
Three Months Ended May 5, 2013
Net Sales	$	561	$	523	$	462	$	310	$	192		$	2,048
Adjusted EBITDA	100		38		18		14		(5		)	165
Depreciation(1) & Software Amortization	11		2		1		4		8			26
Other Intangible Amortization	20		1		5		5		3			34

(1) Depreciation includes amounts recorded within Cost of sales in the Consolidated Statements of Operations and Comprehensive Income (Loss).

Reconciliation of Adjusted EBITDA to Income (Loss) from Continuing Operations

Reconciliation to Consolidated Financial Statements

	Three Months Ended
	May 4, 2014			May 5, 2013
Total Adjusted EBITDA	$	190		$	165
Depreciation and amortization (i)	63			60
Stock-based compensation	5			3
Restructuring	3			—
Management fee & related expenses paid to Equity Sponsors (ii)	—			1
Operating income	119			101
Interest expense, net	116			147
Loss on extinguishment & modification of debt	2			41
Other (income) expense, net	1			—
Income (Loss) from Continuing Operations Before Provision for Income Taxes	—			(87		)
Provision for income taxes	1			43
Income (loss) from continuing operations	(1		)	(130		)
Less Income (loss) from discontinued operations, net of tax	(11		)	(1		)
Net Income (loss)	$	(12	)	$	(131	)

(i) Depreciation and amortization includes amounts recorded within Cost of sales in the Consolidated Statements of Operations.

(ii) The Company was previously party to consulting agreements with the Equity Sponsors whereby the Company paid the Equity Sponsors a $5 million annual aggregate management fee and related expenses.  These consulting agreements were terminated in conjunction with Holdings’ initial public offering in the second quarter of fiscal 2013.