DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Oct. 29, 2017

DISCONTINUED OPERATIONS

Schedule of results 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
	October 29, 2017			October 30, 2016		October 29, 2017			October 30, 2016
Net sales	$	10		$	733	$	1,413		$	2,155
Cost of sales	8			563		1,100			1,657
Gross Profit	2			170		313			498
Operating expenses:
Selling, general and administrative	1			95		198			308
Depreciation and amortization	—			3		6			9
Restructuring Charges	—			—		—			1
Total operating expenses	1			98		204			318
Operating Income	1			72		109			180
(Gain) loss on disposal of discontinued operations	(934		)	4		(930		)	7
Other (income) expense, net	1			—		1			—
Income before provision for income taxes	934			68		1,038			173
Provision for income taxes	528			28		244			69
Income from discontinued operations, net of tax	$	406		$	40	$	794		$	104

At October 29, 2017 and January 29, 2017, 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):

	October 29, 2017		January 29, 2017
Current assets:
Receivables, less allowance for doubtful accounts of $0 and $4	$	—	$	346
Inventories	—		225
Other current assets	—		4
Total current assets	—		575
Property and equipment, net	—		51
Goodwill	—		1,061
Intangible assets, net	—		10
Total non-current assets	—		1,122
Total assets of discontinued operations	$	—	$	1,697
Current Liabilities:
Accounts payable	$	—	$	212
Accrued compensation and benefits	—		42
Other current liabilities	—		5
Total current liabilities	—		259
Other non-current liabilities	—		20
Total non-current liabilities	—		20
Total liabilities of discontinued operations	$	—	$	279

The following table provides additional detail related to the net cash provided by operating and investing activities of the discontinued operations (amounts in millions):

	Nine Months Ended
	October 29, 2017			October 30, 2016
Net cash flows provided by operating activities	$	28		$	124
Cash flows from investing activities:
Capital expenditures	(5		)	(7		)
Proceeds from sales of businesses, net	2,450			28
Proceeds from sales of property and equipment, net	2			1
Net cash flows provided by investing activities	$	2,447		$	22