Note 5 - Other Income (Expense), Net |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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May 03, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes to Financial Statements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Income and Other Expense Disclosure [Text Block] |
5. Other Income (Expense), net
During the third quarter of 2024, we entered into agreements to sell our Greece and Romania businesses and entered into license arrangements with the purchaser for the rights to operate Foot Locker stores in Greece and Romania and six other countries in South East Europe. The sale transactions closed in April 2025. We sold the businesses for $11 million (net of cash of $1 million), which included a $5 million receivable. The transactions resulted in a gain of $5 million, subject to the finalization of net working capital. |
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