| 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 |
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26 Weeks Ended |
| (in millions) |
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August 2, 2025 |
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August 3, 2024 |
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August 2, 2025 |
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August 3, 2024 |
| Net sales |
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$ |
2,315.9 |
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$ |
3,307.2 |
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$ |
5,625.5 |
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$ |
6,768.0 |
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| Other revenue |
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2.1 |
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3.0 |
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4.5 |
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6.1 |
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| Total revenue |
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2,318.0 |
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3,310.2 |
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5,630.0 |
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6,774.1 |
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| Cost of sales |
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1,610.2 |
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2,484.0 |
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3,931.6 |
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5,073.6 |
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| Selling, general and administrative expenses |
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519.7 |
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838.9 |
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1,218.4 |
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1,674.5 |
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Operating income (loss) |
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188.1 |
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(12.7) |
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480.0 |
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26.0 |
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| Interest income |
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1.1 |
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1.0 |
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2.7 |
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3.3 |
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Loss on held for sale and disposal of discontinued operations |
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144.1 |
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— |
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402.5 |
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— |
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Income (loss) from discontinued operations before income taxes |
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45.1 |
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(11.7) |
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80.2 |
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29.3 |
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| Provision for income taxes |
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12.2 |
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(1.8) |
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17.4 |
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6.8 |
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Income (loss) from discontinued operations, net of tax |
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$ |
32.9 |
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$ |
(9.9) |
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$ |
62.8 |
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$ |
22.5 |
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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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August 2, 2025 |
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February 1, 2025 |
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August 3, 2024 |
| ASSETS |
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| Cash and cash equivalents |
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$ |
— |
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$ |
179.0 |
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$ |
190.1 |
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| Merchandise inventories |
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— |
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2,456.4 |
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2,530.2 |
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| Other current assets |
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— |
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200.9 |
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208.7 |
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| Property, plant and equipment, net |
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— |
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2,268.0 |
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2,365.8 |
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| Operating lease right-of-use assets |
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— |
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2,580.6 |
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2,743.9 |
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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 |
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— |
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750.0 |
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2,150.0 |
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| Other assets |
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— |
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12.8 |
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14.1 |
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Valuation allowance to adjust assets to estimated fair value,
less costs of disposal |
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— |
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(3,438.8) |
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— |
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| Total assets of discontinued operations |
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$ |
— |
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$ |
5,008.9 |
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$ |
10,693.3 |
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| LIABILITIES |
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| Current portion of operating lease liabilities |
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$ |
— |
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$ |
598.5 |
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$ |
601.4 |
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| Accounts payable |
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— |
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977.5 |
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890.6 |
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| Other current liabilities |
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— |
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378.6 |
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417.0 |
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| Operating lease liabilities, long-term |
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— |
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2,134.5 |
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2,303.0 |
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| Other liabilities |
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— |
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135.8 |
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137.6 |
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| Total liabilities of discontinued operations |
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$ |
— |
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$ |
4,224.9 |
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$ |
4,349.6 |
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