CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)

v3.5.0.2

CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)	9 Months Ended
	Oct. 29, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Statement of Comprehensive Income	Condensed Consolidating Statements of Comprehensive Income     13 Weeks Ended October 29, 2016         Guarantor   Non-Guarantor   Consolidation   Consolidated (in millions)   Parent   Subsidiaries   Subsidiaries   Adjustments   Company Net sales   $ —   $ 4,931.4   $ 223.3   $ (153.1 )   $ 5,001.6 Cost of sales   —   3,427.3   153.2   (99.4 )   3,481.1 Gross profit   —   1,504.1   70.1   (53.7 )   1,520.5 Selling, general and administrative    expenses   2.0   1,160.2   65.2   (49.3 )   1,178.1 Operating income (loss)   (2.0 )   343.9   4.9   (4.4 )   342.4 Interest expense (income), net   96.9   17.2   (1.9 )   (0.1 )   112.1 Other (income) expense, net   4.6   (0.2 )   0.3   (4.6 )   0.1 Income (loss) before income taxes   (103.5 )   326.9   6.5   0.3   230.2 Income tax expense (benefit)   (53.1 )   111.0   0.8   (0.1 )   58.6 Equity in earnings of subsidiaries   (222.0 )   (2.7 )   —   224.7   — Net income   171.6   218.6   5.7   (224.3 )   171.6 Other comprehensive loss   (2.5 )   (0.7 )   (2.5 )   3.3   (2.4 ) Comprehensive income   $ 169.1   $ 217.9   $ 3.2   $ (221.0 )   $ 169.2     13 Weeks Ended October 31, 2015         Guarantor   Non-Guarantor   Consolidation   Consolidated (in millions)   Parent   Subsidiaries   Subsidiaries   Adjustments   Company Net sales   $ —   $ 4,899.1   $ 281.1   $ (235.0 )   $ 4,945.2 Cost of sales   —   3,542.7   255.8   (253.3 )   3,545.2 Gross profit   —   1,356.4   25.3   18.3   1,400.0 Selling, general and administrative    expenses   17.5   1,146.6   16.2   (4.0 )   1,176.3 Operating income (loss)   (17.5 )   209.8   9.1   22.3   223.7 Interest expense (income), net   88.8   11.5   (1.8 )   (0.1 )   98.4 Other (income) expense, net   (3.7 )   1.0   (0.5 )   3.8   0.6 Income (loss) before income taxes   (102.6 )   197.3   11.4   18.6   124.7 Income tax expense (benefit)   (53.7 )   95.8   0.7   —   42.8 Equity in earnings of subsidiaries   (112.0 )   (13.5 )   —   125.5   — Net income   63.1   115.0   10.7   (106.9 )   81.9 Other comprehensive income (loss)   (0.1 )   —   (0.1 )   0.3   0.1 Comprehensive income   $ 63.0   $ 115.0   $ 10.6   $ (106.6 )   $ 82.0 Condensed Consolidating Statements of Comprehensive Income (Continued)     39 Weeks Ended October 29, 2016         Guarantor   Non-Guarantor   Consolidation   Consolidated (in millions)   Parent   Subsidiaries   Subsidiaries   Adjustments   Company Net sales   $ —   $ 14,916.6   $ 638.4   $ (471.3 )   $ 15,083.7 Cost of sales   —   10,385.9   524.0   (413.6 )   10,496.3 Gross profit   —   4,530.7   114.4   (57.7 )   4,587.4 Selling, general and administrative    expenses   5.9   3,423.3   96.0   (56.1 )   3,469.1 Operating income (loss)   (5.9 )   1,107.4   18.4   (1.6 )   1,118.3 Interest expense (income), net   242.5   50.0   (5.7 )   (0.1 )   286.7 Other (income) expense, net   1.6   (0.5 )   0.5   (1.7 )   (0.1 ) Income (loss) before income taxes   (250.0 )   1,057.9   23.6   0.2   831.7 Income tax expense (benefit)   (117.2 )   369.9   4.6   —   257.3 Equity in earnings of subsidiaries   (707.1 )   (11.5 )   —   718.6   — Net income   574.3   699.5   19.0   (718.4 )   574.4 Other comprehensive income   4.2   1.3   4.2   (5.5 )   4.2 Comprehensive income   $ 578.5   $ 700.8   $ 23.2   $ (723.9 )   $ 578.6     39 Weeks Ended October 31, 2015         Guarantor   Non-Guarantor   Consolidation   Consolidated (in millions)   Parent   Subsidiaries   Subsidiaries   Adjustments   Company Net sales   $ —   $ 9,998.5   $ 464.5   $ (329.9 )   $ 10,133.1 Cost of sales   —   7,058.6   397.8   (327.4 )   7,129.0 Gross profit   —   2,939.9   66.7   (2.5 )   3,004.1 Selling, general and administrative    expenses   46.9   2,335.1   44.6   (2.4 )   2,424.2 Operating income (loss)   (46.9 )   604.8   22.1   (0.1 )   579.9 Interest expense (income), net   358.5   128.3   (2.2 )   —   484.6 Other (income) expense, net   —   (0.7 )   0.3   —   (0.4 ) Income (loss) before income taxes   (405.4 )   477.2   24.0   (0.1 )   95.7 Income tax expense (benefit)   (160.5 )   198.2   4.6   —   42.3 Equity in earnings of subsidiaries   (298.2 )   (31.2 )   —   329.4   — Net income   53.3   310.2   19.4   (329.5 )   53.4 Other comprehensive loss   (3.5 )   —   (3.5 )   3.5   (3.5 ) Comprehensive income   $ 49.8   $ 310.2   $ 15.9   $ (326.0 )   $ 49.9
Condensed Balance Sheet	Condensed Consolidating Balance Sheets     October 29, 2016         Guarantor   Non-Guarantor   Consolidating   Consolidated (in millions)   Parent   Subsidiaries   Subsidiaries   Adjustments   Company ASSETS                     Current assets:                     Cash and cash equivalents   $ —   $ 930.4   $ 129.0   $ (325.6 )   $ 733.8 Short-term investments   —   —   4.0   —   4.0 Merchandise inventories, net   —   3,222.3   47.4   4.2   3,273.9 Current deferred tax assets, net   —   (10.6 )   10.6   —   — Due from intercompany, net   67.9   674.9   116.7   (859.5 )   — Other current assets   117.3   209.3   5.7   (1.6 )   330.7 Total current assets   185.2   5,026.3   313.4   (1,182.5 )   4,342.4 Property, plant and equipment, net   —   3,143.5   32.8   —   3,176.3 Assets available for sale   —   11.6   —   —   11.6 Goodwill   —   4,993.1   29.8   —   5,022.9 Favorable lease rights, net   —   493.8   —   —   493.8 Tradename intangible asset   —   3,100.0   —   —   3,100.0 Other intangible assets, net   —   5.2   —   —   5.2 Investment in subsidiaries   9,107.7   102.1   —   (9,209.8 )   — Intercompany note receivable   1,526.4   —   188.8   (1,715.2 )   — Due from intercompany, net   1,699.1   —   —   (1,699.1 )   — Other assets   —   42.4   4.0   (3.6 )   42.8 Total assets   $ 12,518.4   $ 16,918.0   $ 568.8   $ (13,810.2 )   $ 16,195.0 LIABILITIES AND EQUITY                     Current liabilities:                     Current portion of long-term debt   $ 145.8   $ —   $ —   $ —   $ 145.8 Accounts payable   325.7   1,211.7   52.1   (323.1 )   1,266.4 Due to intercompany, net   343.2   451.7   64.6   (859.5 )   — Other current liabilities   28.8   485.6   207.6   —   722.0 Income taxes payable   3.5   (9.0 )   5.5   —   — Total current liabilities   847.0   2,140.0   329.8   (1,182.6 )   2,134.2 Long-term debt, net, excluding    current portion   6,621.7   316.3   —   —   6,938.0 Unfavorable lease rights, net   —   130.2   —   —   130.2 Deferred tax liabilities, net   1.9   1,493.6   —   —   1,495.5 Income taxes payable, long-term   —   72.3   —   —   72.3 Due to intercompany, net   —   1,699.1   —   (1,699.1 )   — Intercompany note payable   —   1,715.2   —   (1,715.2 )   — Other liabilities   —   372.3   8.2   (3.4 )   377.1 Total liabilities   7,470.6   7,939.0   338.0   (4,600.3 )   11,147.3 Shareholders' equity   5,047.8   8,979.0   230.8   (9,209.9 )   5,047.7 Total liabilities and equity   $ 12,518.4   $ 16,918.0   $ 568.8   $ (13,810.2 )   $ 16,195.0 Condensed Consolidating Balance Sheets (Continued)     January 30, 2016         Guarantor   Non-Guarantor   Consolidating   Consolidated (in millions)   Parent   Subsidiaries   Subsidiaries   Adjustments   Company ASSETS                     Current assets:                     Cash and cash equivalents   $ —   $ 636.9   $ 116.5   $ (17.3 )   $ 736.1 Short-term investments   —   —   4.0   —   4.0 Merchandise inventories, net   —   2,850.0   51.4   (15.9 )   2,885.5 Due from intercompany, net   262.2   548.3   186.4   (996.9 )   — Other current assets   1.0   308.7   0.6   —   310.3 Total current assets   263.2   4,343.9   358.9   (1,030.1 )   3,935.9 Property, plant and equipment, net   —   3,089.5   36.0   —   3,125.5 Assets available for sale   —   12.1   —   —   12.1 Goodwill   —   4,993.2   28.5   —   5,021.7 Deferred tax assets, net   0.5   —   9.6   (10.1 )   — Favorable lease rights, net   —   569.4   —   —   569.4 Tradename intangible asset   —   3,100.0   —   —   3,100.0 Other intangible assets, net   —   5.5   0.3   —   5.8 Investment in subsidiaries   8,403.9   74.4   —   (8,478.3 )   — Intercompany note receivable   1,526.4   —   188.8   (1,715.2 )   — Due from intercompany, net   1,930.3   —   —   (1,930.3 )   — Other assets   —   130.6   4.6   (4.4 )   130.8 Total assets   $ 12,124.3   $ 16,318.6   $ 626.7   $ (13,168.4 )   $ 15,901.2 LIABILITIES AND EQUITY                     Current liabilities:                     Current portion of long-term debt   $ 108.0   $ —   $ —   $ —   $ 108.0 Accounts payable   17.5   1,136.3   131.2   (33.1 )   1,251.9 Due to intercompany, net   582.5   369.2   45.2   (996.9 )   — Other current liabilities   84.9   433.5   204.2   —   722.6 Income taxes payable   3.8   1.9   7.2   —   12.9 Total current liabilities   796.7   1,940.9   387.8   (1,030.0 )   2,095.4 Long-term debt, net, excluding    current portion   6,920.7   317.7   —   —   7,238.4 Unfavorable lease rights, net   —   149.3   —   —   149.3 Deferred tax liabilities, net   —   1,596.7   —   (10.1 )   1,586.6 Due to intercompany, net   —   1,930.3   —   (1,930.3 )   — Intercompany note payable   —   1,715.2   —   (1,715.2 )   — Other liabilities   —   421.0   8.0   (4.4 )   424.6 Total liabilities   7,717.4   8,071.1   395.8   (4,690.0 )   11,494.3 Shareholders' equity   4,406.9   8,247.5   230.9   (8,478.4 )   4,406.9 Total liabilities and equity   $ 12,124.3   $ 16,318.6   $ 626.7   $ (13,168.4 )   $ 15,901.2 Condensed Consolidating Balance Sheets (Continued)     October 31, 2015         Guarantor   Non-Guarantor   Consolidating   Consolidated (in millions)   Parent   Subsidiaries   Subsidiaries   Adjustments   Company ASSETS                     Current assets:                     Cash and cash equivalents   $ 851.5   $ 149.1   $ 106.3   $ —   $ 1,106.9 Short-term investments   —   —   4.0   —   4.0 Merchandise inventories, net   —   3,156.0   47.4   (18.1 )   3,185.3 Current deferred tax assets, net   0.1   86.3   10.2   —   96.6 Intercompany note receivable   17.1   —   —   (17.1 )   — Due from intercompany, net   21.3   188.6   192.8   (402.7 )   — Other current assets   39.4   224.9   (5.6 )   (23.5 )   235.2 Total current assets   929.4   3,804.9   355.1   (461.4 )   4,628.0 Property, plant and equipment, net   —   3,100.0   41.0   —   3,141.0 Assets available for sale   —   10.1   —   —   10.1 Goodwill   —   4,993.6   30.5   —   5,024.1 Deferred tax assets, net   0.8   —   19.2   (0.8 )   19.2 Favorable lease rights, net   —   595.0   —   —   595.0 Tradename intangible asset   —   3,100.0   —   —   3,100.0 Other intangible assets, net   —   5.6   0.5   —   6.1 Investment in subsidiaries   8,043.7   161.9   —   (8,205.6 )   — Intercompany note receivable   1,482.8   —   188.8   (1,671.6 )   — Due from intercompany, net   1,946.0   —   —   (1,946.0 )   — Other assets   —   140.8   5.1   29.6   175.5 Total assets   $ 12,402.7   $ 15,911.9   $ 640.2   $ (12,255.8 )   $ 16,699.0 LIABILITIES AND EQUITY                     Current liabilities:                     Current portion of long-term debt   $ 95.5   $ —   $ —   $ —   $ 95.5 Accounts payable   3.3   1,179.4   94.6   (18.0 )   1,259.3 Due to intercompany, net   126.0   174.3   102.4   (402.7 )   — Intercompany note payable   —   —   17.1   (17.1 )   — Other current liabilities   25.0   575.6   150.9   33.8   785.3 Income taxes payable   81.1   (42.1 )   5.5   (23.4 )   21.1 Total current liabilities   330.9   1,887.2   370.5   (427.4 )   2,161.2 Long-term debt, net, excluding    current portion   7,929.8   318.2   —   —   8,248.0 Unfavorable lease rights, net   —   155.5   —   —   155.5 Deferred tax liabilities, net   —   1,635.5   —   (0.8 )   1,634.7 Income taxes payable, long-term   —   33.9   —   —   33.9 Due to intercompany, net   —   1,946.0   —   (1,946.0 )   — Intercompany note payable   —   1,671.6   —   (1,671.6 )   — Other liabilities   —   319.6   8.5   (4.6 )   323.5 Total liabilities   8,260.7   7,967.5   379.0   (4,050.4 )   12,556.8 Shareholders' equity   4,142.0   7,944.4   261.2   (8,205.4 )   4,142.2 Total liabilities and equity   $ 12,402.7   $ 15,911.9   $ 640.2   $ (12,255.8 )   $ 16,699.0
Condensed Cash Flow Statement	Condensed Consolidating Statements of Cash Flows     39 Weeks Ended October 29, 2016         Guarantor   Non-Guarantor   Consolidating   Consolidated (in millions)   Parent   Subsidiaries   Subsidiaries   Adjustments   Company Net cash provided by (used in) operating    activities   $ 290.0   $ 660.5   $ 36.1   $ (331.3 )   $ 655.3 Cash flows from investing activities:                     Capital expenditures   —   (450.2 )   (1.3 )   —   (451.5 ) Purchase of restricted investments   —   (36.1 )   —   —   (36.1 ) Proceeds from sale of restricted    investments   —   118.1   —   —   118.1 Other   —   1.2   —   —   1.2 Net cash used in investing activities   —   (367.0 )   (1.3 )   —   (368.3 ) Cash flows from financing activities:                     Principal payments for long-term debt   (3,258.5 )   —   —   —   (3,258.5 ) Proceeds from long-term debt, net of    discount   2,962.5   —   —   —   2,962.5 Repayments of revolving credit facility   (140.0 )   —   —   —   (140.0 ) Proceeds from revolving credit facility   140.0   —   —   —   140.0 Dividends paid   —   —   (23.0 )   23.0   — Proceeds from stock issued pursuant to    stock-based compensation plans   33.3   —   —   —   33.3 Cash paid for taxes on exercises/vesting of    stock-based compensation   (21.2 )   —   —   —   (21.2 ) Other   (6.1 )   —   —   —   (6.1 ) Net cash provided by (used in)    financing activities   (290.0 )   —   (23.0 )   23.0   (290.0 ) Effect of exchange rate changes on cash and    cash equivalents   —   —   0.7   —   0.7 Net (decrease) increase in cash and cash    equivalents   —   293.5   12.5   (308.3 )   (2.3 ) Cash and cash equivalents at beginning of    period   —   636.9   116.5   (17.3 )   736.1 Cash and cash equivalents at end of period   $ —   $ 930.4   $ 129.0   $ (325.6 )   $ 733.8 Condensed Consolidating Statements of Cash Flows (continued)     39 Weeks Ended October 31, 2015         Guarantor   Non-Guarantor   Consolidating   Consolidated (in millions)   Parent   Subsidiaries   Subsidiaries   Adjustments   Company Net cash provided by (used in) operating    activities   $ 489.9   $ 68.2   $ (10.1 )   $ (577.0 )   $ (29.0 ) Cash flows from investing activities:                     Capital expenditures   —   (332.2 )   (4.3 )   —   (336.5 ) Acquisition of Family Dollar, net of    common stock issued, equity    compensation and cash acquired   (6,832.9 )   207.4   97.8   —   (6,527.7 ) Other   —   (12.4 )   —   —   (12.4 ) Net cash provided by (used in)    investing activities   (6,832.9 )   (137.2 )   93.5   —   (6,876.6 ) Cash flows from financing activities:                     Principal payments for long-term debt   (20.8 )   (935.2 )   —   —   (956.0 ) Proceeds from long-term debt, net of    discount   8,200.0   —   —   —   8,200.0 Net intercompany note activity   (1,083.1 )   1,066.0   17.1   —   — Dividends paid   —   (577.0 )   —   577.0   — Debt-issuance costs   (90.0 )   —   —   —   (90.0 ) Cash paid for taxes on exercises/vesting of    stock-based compensation   (21.5 )   —   —   —   (21.5 ) Other   16.4   —   —   —   16.4 Net cash provided by (used in)    financing activities   7,001.0   (446.2 )   17.1   577.0   7,148.9 Effect of exchange rate changes on cash and    cash equivalents   —   —   (0.5 )   —   (0.5 ) Net (decrease) increase in cash and cash    equivalents   658.0   (515.2 )   100.0   —   242.8 Cash and cash equivalents at beginning of    period   193.5   664.3   6.3   —   864.1 Cash and cash equivalents at end of period   $ 851.5   $ 149.1   $ 106.3   $ —   $ 1,106.9