SEGMENT INFORMATION (Tables)

3 Months Ended

May. 01, 2016

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		Construction & Industrial – White Cap		Corporate & Other			Total Continuing Operations
Three Months Ended May 1, 2016
Net sales	$	677	$	605	$	447	$	52		$	1,781
Adjusted EBITDA	134		48		43		(10		)	215
Depreciation(1) & Software Amortization	8		2		7		4			21
Other Intangible Amortization	1		1		—		2			4
Three Months Ended May 3, 2015
Net sales	$	635	$	570	$	407	$	48		$	1,660
Adjusted EBITDA	122		45		34		(12		)	189
Depreciation(1) & Software Amortization	12		2		6		4			24
Other Intangible Amortization	1		1		—		2			4

(1)

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

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

	Three Months Ended
	May 1, 2016			May 3, 2015
Total Adjusted EBITDA	$	215		$	189
Depreciation and amortization(1)	25			28
Stock-based compensation	6			5
Restructuring	7			—
Other	(1		)	—

Operating income	178			156
Interest expense, net	85			106
Loss on extinguishment of debt(2)	115			—

Income (Loss) from Continuing Operations Before Provision (Benefit) for Income Taxes	(22		)	50
Provision (benefit) for income taxes	(8		)	(184		)

Income (loss) from continuing operations	(14		)	234

Less Income from discontinued operations, net of tax	—			8

Net income (loss)	$	(14	)	$	242

(1)

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

(2)

Represents the loss on extinguishment of debt including the premium paid to redeem the debt as well as the write-off of unamortized deferred financing costs and other assets or liabilities associated with such debt. Also includes the costs of debt modification.