SEGMENT INFORMATION (Tables)

6 Months Ended

Aug. 02, 2020

SEGMENT INFORMATION

Schedule of net sales, Adjusted EBITDA, and other measures for each of the reportable segments and total continuing operations

The following tables present Net sales, Adjusted EBITDA, and other measures for both of the reportable segments and total operations for the periods indicated (amounts in millions):

	Facilities		Construction				Total
	Maintenance		& Industrial		Eliminations		Operations
Three Months Ended August 2, 2020
Net sales	$	761	$	793	$	(2)	$	1,552
Adjusted EBITDA		132		106		—		238
Depreciation(1) & Software Amortization		12		12		—		24
Other Intangible Amortization		3		3		—		6
Three Months Ended August 4, 2019
Net sales	$	830	$	795	$	(1)	$	1,624
Adjusted EBITDA		149		95		—		244
Depreciation(1) & Software Amortization		11		10		—		21
Other Intangible Amortization		2		4		—		6
Six Months Ended August 2, 2020
Net sales	$	1,443	$	1,506	$	(2)	$	2,947
Adjusted EBITDA		230		171		—		401
Depreciation(1) & Software Amortization		25		22		—		47
Other Intangible Amortization		5		7		—		12
Six Months Ended August 4, 2019
Net sales	$	1,602	$	1,516	$	(1)	$	3,117
Adjusted EBITDA		283		164		—		447
Depreciation(1) & Software Amortization		21		21		—		42
Other Intangible Amortization		4		8		—		12

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

Schedule of reconciliation of adjusted EBITDA to income (loss) from continuing operations

Reconciliation to Consolidated Financial Statements

	Three Months Ended				Six Months Ended
	August 2, 2020		August 4, 2019		August 2, 2020		August 4, 2019
Total Adjusted EBITDA	$	238	$	244	$	401	$	447
Depreciation and amortization(1)		30		27		59		54
Stock-based compensation		5		5		12		12
Restructuring and separation(2)		4		—		10		(2)
Acquisition and integration costs(3)		—		—		—		1
Other		1		1		1		1
Operating income		198		211		319		381
Interest expense		24		28		49		56
Income from Before Provision for Income Taxes		174		183		270		325
Provision for income taxes		43		48		67		83
Net income	$	131	$	135	$	203	$	242

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

(2) Represents the costs related to separation activities and personnel changes, primarily severance and other employee-related costs, and costs related to deferring certain projects during the separation preparations. During the six months ended August 4, 2019, the costs include a favorable termination of the lease for the Company’s former corporate headquarters.

(3) Represents the cost incurred in the acquisition and integration of business acquisitions.