Segment information (Tables)

12 Months Ended

Jan. 30, 2021

Segment Reporting Information, By Segment


(in millions)	Fiscal 2021		Fiscal 2020		Fiscal 2019
Sales:
North America segment (1)	$	4,840.9	$	5,565.8	$	5,641.7
International segment	355.9		518.0		576.5
Other segment	30.1		53.3		28.9
Total sales	$	5,226.9	$	6,137.1	$	6,247.1

Operating income (loss):
North America segment (2)	$	57.9	$	284.9	$	(666.0)
International segment (3)	(43.3)		9.0		4.4
Other segment (4)	(0.3)		(15.9)		(11.7)
Corporate and unallocated expenses (5)	(72.0)		(119.7)		(91.3)
Total operating income (loss)	(57.7)		158.3		(764.6)
Interest expense	(32.0)		(35.6)		(39.7)
Other non-operating income, net	—		7.0		1.7
Income (loss) before income taxes	$	(89.7)	$	129.7	$	(802.6)

Depreciation and amortization:
North America segment	$	163.7	$	159.9	$	165.8
International segment	12.0		17.8		17.5
Other segment	0.3		0.3		0.3
Total depreciation and amortization	$	176.0	$	178.0	$	183.6

Capital additions:
North America segment	$	79.0	$	128.3	$	123.9
International segment	4.0		8.0		9.6
Other segment	—		—		—
Total capital additions	$	83.0	$	136.3	$	133.5

(1) Sales include sales of $150.9 million, $204.6 million and $218.3 million generated by Canadian operations in Fiscal 2021, Fiscal 2020 and Fiscal 2019, respectively.

(2) Fiscal 2021 includes: 1) $1.6 million related to inventory charges recorded in conjunction with the Company’s restructuring activities; 2) $36.0 million primarily related to severance, professional fees and store closure costs recorded in conjunction with the Company’s restructuring activities; and 3) asset impairment charges of $136.7 million.

Fiscal 2020 includes: 1) $6.0 million related to inventory charges recorded in conjunction with the Company’s restructuring activities; 2) $42.1 million primarily related to severance, professional fees and store closure costs recorded in conjunction with the Company’s restructuring activities; and 3) asset impairment charges of $47.7 million.

Fiscal 2019 includes: 1) $52.7 million related to inventory charges recorded in conjunction with the Company’s restructuring activities; 2) $44.9 million primarily related to severance, professional fees and store closure costs recorded in conjunction with the Company’s restructuring activities; 3) asset impairment charges of $731.8 million; and 4) $160.4 million from the valuation losses related to the sale of eligible non-prime in-house accounts receivable.

See Note 6, Note 18 and Note 16 for additional information.

(3) Fiscal 2021 includes: 1) $9.7 million primarily related to severance and store closure costs recorded in conjunction with the Company’s restructuring activities; and 2) asset impairment charges of $22.3 million.

Fiscal 2020 includes $7.0 million primarily related to severance and store closure costs recorded in conjunction with the Company’s restructuring activities.

Fiscal 2019 includes: 1) $8.5 million primarily related to severance and store closure costs recorded in conjunction with the Company’s restructuring activities; and 2) $3.8 million related to inventory charges recorded in conjunction with the Company’s restructuring activities.

See Note 6 and Note 16 for additional information.

(4) Fiscal 2021 includes $0.2 million benefit recognized due to a change in inventory reserves previously recognized as part of the Company’s restructuring activities.

Fiscal 2020 includes $3.2 million related to inventory charges recorded in conjunction with the Company’s restructuring activities.

Fiscal 2019 includes: 1) $5.7 million related to inventory charges recorded in conjunction with the Company’s restructuring activities; and 2) asset impairment charges of $3.6 million.

See Note 6 and Note 18 for additional information.

(5) Fiscal 2021 includes: 1) charges of $7.5 million related to the settlement of previously disclosed shareholder litigation matters, net of expected insurance proceeds; and 2) $0.5 million related to charges recorded in conjunction with the Company’s restructuring activities.

Fiscal 2020 includes: 1) charges of $33.2 million related to the settlement of previously disclosed shareholder litigation matters, inclusive of expected insurance proceeds; and 2) $20.8 million related to charges recorded in conjunction with the Company’s restructuring activities.

Fiscal 2019 includes: 1) $10.3 million related to charges recorded in conjunction with the Company’s restructuring activities; 2) $11.0 million related to the resolution of a previously disclosed regulatory matter; and 3) $7.0 million representing transaction costs associated with the sale of the non-prime in-house accounts receivable.

See Note 4, Note 27 and Note 6 for additional information.


(in millions)	January 30, 2021		February 1, 2020
Total assets:
North America segment	$	5,101.9	$	5,240.2
International segment	514.2		546.4
Other segment	44.9		91.3
Corporate and unallocated	517.9		421.2
Total assets	$	6,178.9	$	6,299.1

Total long-lived assets:
North America segment	$	978.1	$	1,196.7
International segment	41.6		54.6
Other segment	2.8		3.2
Total long-lived assets	$	1,022.5	$	1,254.5