| Disposal Groups, Including Discontinued Operations |
The following table summarizes the results of operations of the Family Dollar business that are being reported as discontinued operations:
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Year Ended |
| (in millions) |
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February 1, 2025 |
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February 3, 2024 |
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January 28, 2023 |
| Net sales |
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$ |
13,252.1 |
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$ |
13,811.3 |
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$ |
12,912.5 |
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| Other revenue |
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15.0 |
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11.4 |
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7.7 |
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| Total revenue |
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13,267.1 |
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13,822.7 |
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12,920.2 |
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| Cost of sales |
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9,894.5 |
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10,510.6 |
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9,766.1 |
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Selling, general and administrative expenses,
excluding Goodwill impairment |
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4,706.9 |
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4,899.4 |
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3,017.1 |
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| Goodwill impairment |
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490.5 |
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1,069.0 |
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— |
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| Selling, general and administrative expenses |
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5,197.4 |
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5,968.4 |
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3,017.1 |
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| Operating income (loss) |
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(1,824.8) |
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(2,656.3) |
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137.0 |
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| Interest income |
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5.5 |
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5.7 |
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1.9 |
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| Loss from classification to held for sale |
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3,438.8 |
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— |
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— |
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Income (loss) from discontinued operations before
income taxes |
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(5,258.1) |
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(2,650.6) |
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138.9 |
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| Provision for income taxes |
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(1,185.5) |
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(386.4) |
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23.6 |
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| Income (loss) from discontinued operations, net of tax |
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$ |
(4,072.6) |
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$ |
(2,264.2) |
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$ |
115.3 |
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The following table summarizes the Family Dollar business assets and liabilities classified as discontinued operations in the accompanying Consolidated Balance Sheets:
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(in millions) |
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February 1, 2025 |
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February 3, 2024 |
| ASSETS |
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| Cash and cash equivalents |
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$ |
179.0 |
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$ |
259.7 |
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| Merchandise inventories |
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2,456.4 |
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2,617.0 |
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| Other current assets |
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200.9 |
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193.7 |
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| Property, plant and equipment, net |
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2,268.0 |
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2,322.0 |
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| Operating lease right-of-use assets |
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2,580.6 |
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2,815.6 |
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| Goodwill |
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— |
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490.5 |
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| Trade name intangible asset |
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750.0 |
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2,150.0 |
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| Other assets |
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12.8 |
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13.9 |
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| Valuation allowance to adjust assets to estimated fair value, less costs of disposal |
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(3,438.8) |
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— |
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| Total assets of discontinued operations |
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$ |
5,008.9 |
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$ |
10,862.4 |
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| LIABILITIES |
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| Current portion of operating lease liabilities |
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$ |
598.5 |
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$ |
613.2 |
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| Accounts payable |
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977.5 |
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896.7 |
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| Other current liabilities |
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378.6 |
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488.9 |
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| Operating lease liabilities, long-term |
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2,134.5 |
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2,405.3 |
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| Other liabilities |
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135.8 |
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133.2 |
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| Total liabilities of discontinued operations |
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$ |
4,224.9 |
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$ |
4,537.3 |
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