| 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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13 Weeks Ended |
| (in millions) |
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May 3, 2025 |
|
May 4, 2024 |
| Net sales |
|
$ |
3,309.6 |
|
|
$ |
3,460.8 |
|
| Other revenue |
|
2.4 |
|
|
3.1 |
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| Total revenue |
|
3,312.0 |
|
|
3,463.9 |
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| Cost of sales |
|
2,321.4 |
|
|
2,589.6 |
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|
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| Selling, general and administrative expenses |
|
698.7 |
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|
835.6 |
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| Operating income |
|
291.9 |
|
|
38.7 |
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| Interest income |
|
1.6 |
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|
2.3 |
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| Loss from classification to held for sale |
|
258.4 |
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— |
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| Income from discontinued operations before income taxes |
|
35.1 |
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|
41.0 |
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| Provision for income taxes |
|
5.2 |
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|
8.6 |
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| Income from discontinued operations, net of tax |
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$ |
29.9 |
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$ |
32.4 |
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The following table summarizes the Family Dollar business assets and liabilities classified as discontinued operations in the accompanying unaudited Condensed Consolidated Balance Sheets:
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(in millions) |
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May 3, 2025 |
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February 1, 2025 |
|
May 4, 2024 |
| ASSETS |
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| Cash and cash equivalents |
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$ |
227.1 |
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$ |
179.0 |
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$ |
227.9 |
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| Merchandise inventories |
|
2,330.5 |
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|
2,456.4 |
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|
2,552.1 |
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| Other current assets |
|
188.0 |
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|
200.9 |
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|
189.5 |
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| Property, plant and equipment, net |
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2,256.3 |
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2,268.0 |
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2,354.7 |
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| Operating lease right-of-use assets |
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2,559.1 |
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2,580.6 |
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2,769.4 |
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| Goodwill |
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— |
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— |
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|
490.5 |
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| Trade name intangible asset |
|
750.0 |
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|
750.0 |
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|
2,150.0 |
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| Other assets |
|
10.5 |
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|
12.8 |
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|
13.0 |
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Valuation allowance to adjust assets to estimated fair value,
less costs of disposal |
|
(3,616.0) |
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(3,438.8) |
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— |
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| Total assets of discontinued operations |
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$ |
4,705.5 |
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$ |
5,008.9 |
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$ |
10,747.1 |
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| LIABILITIES |
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| Current portion of operating lease liabilities |
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$ |
584.4 |
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$ |
598.5 |
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$ |
608.2 |
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| Accounts payable |
|
880.5 |
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|
977.5 |
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|
961.5 |
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| Other current liabilities |
|
336.7 |
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|
378.6 |
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|
384.5 |
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| Operating lease liabilities, long-term |
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1,966.3 |
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2,134.5 |
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|
2,350.1 |
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| Other liabilities |
|
135.8 |
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|
135.8 |
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|
136.1 |
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| Total liabilities of discontinued operations |
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$ |
3,903.7 |
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$ |
4,224.9 |
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$ |
4,440.4 |
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