| 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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39 Weeks Ended |
| (in millions) |
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November 1, 2025 |
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November 2, 2024 |
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November 1, 2025 |
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November 2, 2024 |
| Net sales |
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$ |
— |
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$ |
3,223.7 |
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$ |
5,625.5 |
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$ |
9,991.7 |
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| Other revenue |
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— |
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3.3 |
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4.5 |
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9.4 |
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| Total revenue |
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— |
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3,227.0 |
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5,630.0 |
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10,001.1 |
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| Cost of sales |
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— |
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2,420.4 |
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3,931.6 |
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7,494.0 |
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| Selling, general and administrative expenses |
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— |
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803.9 |
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1,218.4 |
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2,478.4 |
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| Operating income |
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— |
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2.7 |
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480.0 |
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28.7 |
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| Interest income |
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— |
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0.8 |
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2.7 |
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4.1 |
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Loss on held for sale and disposal of discontinued operations |
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— |
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— |
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402.5 |
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— |
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| Income from discontinued operations before income taxes |
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— |
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3.5 |
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80.2 |
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32.8 |
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| Provision for income taxes |
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— |
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2.5 |
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17.4 |
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9.3 |
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| Income from discontinued operations, net of tax |
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$ |
— |
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$ |
1.0 |
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$ |
62.8 |
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$ |
23.5 |
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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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November 1, 2025 |
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February 1, 2025 |
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November 2, 2024 |
| ASSETS |
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| Cash and cash equivalents |
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$ |
— |
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$ |
179.0 |
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$ |
219.3 |
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| Merchandise inventories |
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— |
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2,456.4 |
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2,532.6 |
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| Other current assets |
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— |
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200.9 |
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205.8 |
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| Property, plant and equipment, net |
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— |
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2,268.0 |
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2,312.4 |
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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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2,657.6 |
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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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13.5 |
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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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$ |
10,581.7 |
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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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$ |
596.5 |
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| Accounts payable |
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— |
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977.5 |
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995.1 |
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| Other current liabilities |
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— |
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378.6 |
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377.1 |
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| Operating lease liabilities, long-term |
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— |
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2,134.5 |
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2,207.2 |
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| Other liabilities |
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— |
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135.8 |
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125.9 |
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| Total liabilities of discontinued operations |
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$ |
— |
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$ |
4,224.9 |
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$ |
4,301.8 |
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