Debt Guarantee Extension

6 Months Ended

Jul. 29, 2012

Debt Guarantee Extension

Guarantees [Text Block]

DEBT GUARANTEE

In connection with the sale of HD Supply, Inc. (“HD Supply”) on August 30, 2007, the Company guaranteed a $1.0 billion senior secured amortizing term loan of HD Supply. In April 2012, the term loan guarantee was terminated. As a result, the Company reversed its $67 million liability related to the guarantee, resulting in a $67 million pretax benefit to Interest and Other, net, for the first quarter and first six months of fiscal 2012.