Note 5 - Other Income (Expense), Net

6 Months Ended

Jul. 29, 2023

Notes to Financial Statements

Other Income and Other Expense Disclosure [Text Block]

5. Other Income / (Expense), net

	Thirteen weeks ended						Twenty-six weeks ended
	July 29,			July 30,			July 29,			July 30,
($ in millions)	2023			2022			2023			2022
Pension and postretirement net benefit expense, excluding service cost	$	(2	)	$	—		$	(4	)	$	—
Foot Locker Singapore and Malaysia divestiture		2			—			2			—
Share of earnings / (losses) related to minority investments		—			1			(1	)		1
Team Sales divestiture		—			18			—			18
Minority investment in Retailors, Ltd.		—			(13	)		—			(37	)
Other		—			—			—			(1	)
Total other income / (expense), net	$	—		$	6		$	(3	)	$	(19	)

Effective July 1, 2023, the Company sold its Foot Locker Singapore and Malaysia businesses, consisting primarily of inventory and fixed assets. We received proceeds of $10 million (net of cash of $8 million), resulting in a gain of $2 million, subject to the finalization of net working capital.