Note 5 - Other (Expense) Income, Net

6 Months Ended

Aug. 02, 2025

Notes to Financial Statements

Other Income and Other Expense Disclosure [Text Block]

5. Other (Expense) Income, net

	Thirteen weeks ended						Twenty-six weeks ended
	August 2,			August 3,			August 2,			August 3,
($ in millions)	2025			2024			2025			2024
Foot Locker Greece and Romania divestiture	$	1		$	—		$	6		$	—
Pension and postretirement net benefit expense, excluding service cost		(1	)		(1	)		(2	)		(3	)
Share of losses related to minority investments		—			—			(1	)		(2	)
Other		(1	)		(1	)		(1	)		(1	)
Total other (expense) income, net	$	(1	)	$	(2	)	$	2		$	(6	)

During the third quarter of 2024, we entered into agreements to sell our Greece and Romania businesses and entered into license arrangements with the purchaser for the rights to operate Foot Locker stores in Greece and Romania and six other countries in South East Europe. The sale transactions closed in April 2025 for total consideration of $12 million (net of cash of $1 million), which included a $6 million receivable. The transactions resulted in a gain of $6 million, of which $1 million was recognized in the second quarter of 2025, representing adjustments to net working capital.