Note 3 - Segment Information

3 Months Ended

Apr. 29, 2023

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

3. Segment Information

Foot Locker operates one reportable segment. Division profit reflects income before income taxes, impairment and other, corporate expense, other income / (expense), net, and net interest expense.

	Thirteen weeks ended
	April 29,			April 30,
($ in millions)	2023			2022
Division profit	$	104		$	263
Less: Impairment and other (1)		39			6
Less: Corporate expense (2)		4			37
Income from operations		61			220
Interest expense, net		(1	)		(5	)
Other income / (expense), net (3)		(3	)		(25	)
Income before income taxes	$	57		$	190

(1)	See Note 4, Impairment and Other Charges for further detail.
(2)	Corporate expense consists of unallocated selling, general and administrative expenses, as well as depreciation and amortization related to our corporate headquarters, centrally managed departments, unallocated insurance and benefit programs, certain foreign exchange transaction gains and losses, and other items.
(3)	See Note 5, Other Income / (Expense), net.