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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data
12 Months Ended
May 01, 2011
May 02, 2010
May 03, 2009
Sales $ 12,202.7 $ 11,202.6 $ 12,487.7
Cost of sales 10,488.6 10,472.5 11,863.1
Gross profit 1,714.1 730.1 624.6
Selling, general and administrative expenses 789.8 705.9 798.4
Gain on fire insurance recovery (120.6) 0 0
Equity in income of affiliates (50.1) (38.6) 50.1
Operating profit 1,095.0 62.8 (223.9)
Interest expense 245.4 266.4 221.8
Other loss (income) 92.5 11.0 (63.5)
Income (loss) before income taxes 757.1 (214.6) (382.2)
Income tax expense (benefit) 236.1 (113.2) (131.3)
Income (loss) from continuing operations 521.0 (101.4) (250.9)
Income from discontinued operations, net of tax 0 0 52.5
Net income (loss) $ 521.0 $ (101.4) $ (198.4)
Basic:      
Continuing operations $ 3.14 $ (0.65) $ (1.78)
Discontinued operations $ 0.00 $ 0.00 $ 0.37
Net income (loss) per basic common share $ 3.14 $ (0.65) $ (1.41)
Diluted:      
Continuing operations $ 3.12 $ (0.65) $ (1.78)
Discontinued operations $ 0.00 $ 0.00 $ 0.37
Diluted (in dollars per share) $ 3.12 $ (0.65) $ (1.41)
Weighted average shares outstanding:      
Basic (in shares) 166.0 157.1 141.1
Effect of dilutive shares (in shares) 1.2 0 0
Diluted (in shares) 167.2 157.1 141.1