DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Nov. 01, 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				Nine Months Ended
	November 1, 2015		November 2, 2014		November 1, 2015		November 2, 2014
Net Sales	$	367	$	574	$	1,391	$	1,686
Cost of sales		313		463		1,185		1,364
Gross Profit		54		111		206		322
Operating expenses:
Selling, general and administrative		39		77		155		245
Depreciation and amortization		5		10		18		32
Restructuring		—		—		—		1
Total operating expenses		44		87		173		278
Gain on sale of business		186		—		186		—
Other (income) expense, net		3		—		3		—
Income before provision for income taxes	$	193	$	24	$	216	$	44
Provision (benefit) for income taxes		(42)		4		(36)		8
Income from discontinued operations, net of tax	$	235	$	20	$	252	$	36

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

		November 1, 2015	February 1, 2015
Current assets:
Receivables, less allowance for doubtful accounts of $0 and $1	$	—	$	221
Inventories		—		284
Other current assets		—		4
Total current assets		—		509
Goodwill		—		202
Intangible assets, net		—		55
Other non-current assets		—		38
Total assets of discontinued operations	$	—	$	804
Current liabilities:
Accounts payable	$	—	$	178
Accrued compensation and benefits		—		18
Other current liabilities		—		21
Total liabilities of discontinued operations	$	—	$	217