SEGMENT INFORMATION (Tables)

3 Months Ended

May 03, 2015

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 3, 2015
Net Sales	$	635	$	570	$	499	$	388	$	129		$	2,221
Adjusted EBITDA	122		45		21		32		(12		)	208
Depreciation(1) & Software Amortization	12		2		2		6		6			28
Other Intangible Amortization	1		1		5		—		1			8
Three Months Ended May 4, 2014
Net Sales	$	604	$	551	$	461	$	344	$	134		$	2,094
Adjusted EBITDA	109		41		18		22		(7		)	183
Depreciation(1) & Software Amortization	12		2		1		4		8			27
Other Intangible Amortization	20		1		5		5		1			32

(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

	Three Months Ended
	May 3, 2015			May 4, 2014
Total Adjusted EBITDA	$	208		$	183
Depreciation and amortization (1)	36			59
Stock-based compensation	5			5
Restructuring	—			3
Operating income	167			116
Interest expense, net	106			116
Loss on extinguishment & modification of debt	—			2
Other (income) expense, net	—			1
Income (Loss) from Continuing Operations Before Provision for Income Taxes	61			(3		)
Provision (benefit) for income taxes (2)	(181		)	1
Income (loss) from continuing operations	242			(4		)
Less Income (loss) from discontinued operations, net of tax	—			(8		)
Net Income (loss)	$	242		$	(12	)

(1)

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

(2)

During the three months ended May 3, 2015, the Company recorded a reduction in unrecognized tax benefits as a result of IRS and state audit settlements. See “Note 5, Income Taxes” and “Note 9, Commitments and Contingencies” for discussion of the IRS audit settlement.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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