Discontinued Operations

12 Months Ended

Feb. 03, 2018

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

Discontinued operations are primarily comprised of Jiangsu Five Star Appliance Co., Limited ("Five Star") within our International segment. During the fourth quarter of fiscal 2015, we entered into a definitive agreement to sell our Five Star business to Yingtan City Xiangyuan Investment Limited Partnership and Zhejiang Jiayuan Real Estate Group Co. On February 13, 2015, we completed the sale of Five Star and recognized a gain on sale of $99 million. Following the sale of Five Star, we continued to hold as available-for-sale one retail property in Shanghai, China. The assets of this property were classified as held-for-sale on our Consolidated Balance Sheets and were $31 million as of January 30, 2016. In May 2016, we completed the sale of the property and recognized a gain, net of income tax, of $16 million. The gain on sale of the property is included in Other, net within Operating activities on our Consolidated Statements of Cash Flows.

The aggregate financial results of all discontinued operations for fiscal 2018, 2017 and 2016 were as follows ($ in millions):

	2018		2017			2016
Revenue	$	—	$	—		$	217
Restructuring charges(1)	—		—			1
Gain (loss) from discontinued operations before income tax expense	1		28			(8		)
Income tax expense	—		(7		)	(1		)
Gain on sale of discontinued operations	—		—			99
Net earnings from discontinued operations	$	1	$	21		$	90

(1) See Note 4, Restructuring Charges, for further discussion of the restructuring charges associated with discontinued operations.