Note 3 - Segment Information

6 Months Ended

Aug. 03, 2024

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

3. Segment Information

Foot Locker, Inc. operates one reportable segment. Division profit reflects income before income taxes, impairment and other, corporate expense, other (expense) income, net, and net interest expense.

	Thirteen weeks ended						Twenty-six weeks ended
	August 3,			July 29,			August 3,			July 29,
($ in millions)	2024			2023			2024			2023
Division profit	$	17		$	21		$	60		$	125
Less: Impairment and other (1)		9			14			23			53
Less: Corporate expense (2)		17			6			28			10
(Loss) income from operations		(9	)		1			9			62
Interest expense, net		(3	)		(4	)		(4	)		(5	)
Other (expense) income, net (3)		(2	)		—			(6	)		(3	)
(Loss) income before income taxes	$	(14	)	$	(3	)	$	(1	)	$	54

(1)	See Note 4, Impairment and Other for further detail.
(2)	Corporate expense consists of unallocated selling, general and administrative expenses, as well as depreciation and amortization related to our corporate headquarters, centrally managed departments, unallocated insurance and benefit programs, certain foreign exchange transaction gains and losses, and other items.
(3)	See Note 5, Other (Expense) Income, net for further detail.