Note 3 - Segment Information

9 Months Ended

Oct. 28, 2023

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

3. Segment Information

Foot Locker, Inc. 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						Thirty-nine weeks ended
	October 28,			October 29,			October 28,			October 29,
($ in millions)	2023			2022			2023			2022
Division profit	$	67		$	219		$	192		$	669
Less: Impairment and other (1)		6			20			59			38
Less: Corporate expense (2)		14			39			24			109
Income from operations		47			160			109			522
Interest expense, net		(2	)		(3	)		(7	)		(13	)
Other income / (expense), net (3)		2			(14	)		(1	)		(33	)
Income before income taxes	$	47		$	143		$	101		$	476

(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.