Annual report [Section 13 and 15(d), not S-K Item 405]

Discontinued Operations (Tables)

v3.26.1
Discontinued Operations (Tables)
 12 Months Ended
Jan. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
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:
  Year Ended
(in millions) January 31, 2026 February 1, 2025 February 3, 2024
Net sales $ 5,625.5  $ 13,252.1  $ 13,811.3 
Other revenue 4.5  15.0  11.4 
Total revenue 5,630.0  13,267.1  13,822.7 
Cost of sales 3,931.6  9,894.5  10,510.6 
Selling, general and administrative expenses, excluding Goodwill impairment 1,218.4  4,706.9  4,899.4 
Goodwill impairment —  490.5  1,069.0 
Selling, general and administrative expenses 1,218.4  5,197.4  5,968.4 
Operating income (loss) 480.0  (1,824.8) (2,656.3)
Interest income 2.7  5.5  5.7 
Loss on held for sale and disposal of discontinued operations 407.7  3,438.8  — 
Income (loss) from discontinued operations before
    income taxes		 75.0  (5,258.1) (2,650.6)
Provision for income taxes 17.8  (1,185.5) (386.4)
Income (loss) from discontinued operations, net of tax $ 57.2  $ (4,072.6) $ (2,264.2)
The following table summarizes the Family Dollar business assets and liabilities classified as discontinued operations in the accompanying Consolidated Balance Sheets:
(in millions)
 January 31, 2026 February 1, 2025
ASSETS    
Cash and cash equivalents $ —  $ 179.0 
Merchandise inventories —  2,456.4 
Other current assets —  200.9 
Property, plant and equipment, net —  2,268.0 
Operating lease right-of-use assets —  2,580.6 
Goodwill —  — 
Trade name intangible asset —  750.0 
Other assets —  12.8 
Valuation allowance to adjust assets to estimated fair value, less costs of disposal —  (3,438.8)
Total assets of discontinued operations $ —  $ 5,008.9 
LIABILITIES    
Current portion of operating lease liabilities $ —  $ 598.5 
Accounts payable —  977.5 
Other current liabilities —  378.6 
Operating lease liabilities, long-term —  2,134.5 
Other liabilities —  135.8 
Total liabilities of discontinued operations $ —  $ 4,224.9