DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Aug. 02, 2015

DISCONTINUED OPERATIONS

Result of Operations of Discontinued Operations

The following table provides additional detail related to the results of operations of the discontinued operations (amounts in millions):

	Three Months Ended				Six Months Ended
	August 2, 2015		August 3, 2014		August 2, 2015		August 3, 2014
Net Sales	$	525	$	567	$	1,024	$	1,111
Cost of sales	448		456		872		900
Gross Profit	77		111		152		211
Operating expenses:
Selling, general and administrative	60		79		115		168
Depreciation and amortization	6		10		13		21
Restructuring	—		1		—		1
Total operating expenses	66		90		128		190
Income before provision for income taxes	$	11	$	21	$	24	$	21
Provision for income taxes	4		4		7		5
Income from discontinued operations, net of tax	$	7	$	17	$	17	$	16

At August 2, 2015 and February 1, 2015, the carrying amounts of major classes of assets and liabilities of discontinued operations included in the Consolidated Balance Sheets are as follows (amounts in millions):

	August 2, 2015		February 1, 2015
Current assets:
Receivables, less allowance for doubtful accounts of $1 and $1	$	233	$	221
Inventories	337		284
Other current assets	4		4
Total current assets	574		509
Goodwill	202		202
Intangible assets, net	46		55
Other non-current assets	35		38
Total assets of discontinued operations	$	857	$	804
Current liabilities:
Accounts payable	$	218	$	178
Accrued compensation and benefits	12		18
Other current liabilities	23		21
Total liabilities of discontinued operations	$	253	$	217