Segment Information (Tables)

9 Months Ended

Nov. 02, 2019

Segment Information [Abstract]

Sales and Division Operating Results for Reportable Segments

The following table summarizes our results:

	Thirteen weeks ended				Thirty-nine weeks ended
	November 2,		November 3,		November 2,		November 3,
	2019		2018		2019		2018
	($ in millions)
Sales	$	1,932	$	1,860	$	5,784	$	5,667
Operating Results
Division profit		184		165		549		543
Less: Litigation and other charges (1)		1		2		16		17
Less: Corporate expense (2)		19		19		60		46
Income from operations		164		144		473		480
Interest income, net		3		2		9		5
Other income		4		—		8		5
Income before income taxes	$	171	$	146	$	490	$	490

(1) The Company recorded pre-tax charges of $1 million and $2 million for the thirteen weeks ended November 2, 2019 and November 3, 2018, respectively, related to a pension litigation matter and related plan reformation. For the thirty-nine weeks ended November 2, 2019, the Company recorded pre-tax charges of $16 million reflecting $3 million of professional fees in connection with the plan reformation and $13 million of lease termination costs related to the closure of certain of its SIX:02 locations. For the thirty-nine weeks ended November 3, 2018, the Company recorded pre-tax charges of $17 million related to the pension matter reflecting adjustments to the value of the judgment and interest that continued to accrue, as required by the provisions of the plan reformation.

(2) Corporate expense consists of unallocated selling, general and administrative expenses as well as depreciation and amortization related to the Company’s corporate headquarters, centrally managed departments, unallocated insurance and benefit programs, certain foreign exchange transaction gains and losses, and other items.