| Disposal Groups, Including Discontinued Operations |
The following table summarizes the results of operations of the Family Dollar business that are being reported as discontinued operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 13 Weeks Ended | | 26 Weeks Ended | | (in millions) | | August 2, 2025 | | August 3, 2024 | | August 2, 2025 | | August 3, 2024 | | Net sales | | $ | 2,315.9 | | | $ | 3,307.2 | | | $ | 5,625.5 | | | $ | 6,768.0 | | | Other revenue | | 2.1 | | | 3.0 | | | 4.5 | | | 6.1 | | | Total revenue | | 2,318.0 | | | 3,310.2 | | | 5,630.0 | | | 6,774.1 | | | Cost of sales | | 1,610.2 | | | 2,484.0 | | | 3,931.6 | | | 5,073.6 | | | Selling, general and administrative expenses | | 519.7 | | | 838.9 | | | 1,218.4 | | | 1,674.5 | | Operating income (loss) | | 188.1 | | | (12.7) | | | 480.0 | | | 26.0 | | | Interest income | | 1.1 | | | 1.0 | | | 2.7 | | | 3.3 | | Loss on held for sale and disposal of discontinued operations | | 144.1 | | | — | | | 402.5 | | | — | | Income (loss) from discontinued operations before income taxes | | 45.1 | | | (11.7) | | | 80.2 | | | 29.3 | | | Provision for income taxes | | 12.2 | | | (1.8) | | | 17.4 | | | 6.8 | | Income (loss) from discontinued operations, net of tax | | $ | 32.9 | | | $ | (9.9) | | | $ | 62.8 | | | $ | 22.5 | |
The following table summarizes the Family Dollar business assets and liabilities classified as discontinued operations in the accompanying unaudited Condensed Consolidated Balance Sheets: | | | | | | | | | | | | | | | | | | | | | (in millions) | | August 2, 2025 | | February 1, 2025 | | August 3, 2024 | | ASSETS | | | | | | | | Cash and cash equivalents | | $ | — | | | $ | 179.0 | | | $ | 190.1 | | | Merchandise inventories | | — | | | 2,456.4 | | | 2,530.2 | | | Other current assets | | — | | | 200.9 | | | 208.7 | | | Property, plant and equipment, net | | — | | | 2,268.0 | | | 2,365.8 | | | Operating lease right-of-use assets | | — | | | 2,580.6 | | | 2,743.9 | | | Goodwill | | — | | | — | | | 490.5 | | | Trade name intangible asset | | — | | | 750.0 | | | 2,150.0 | | | Other assets | | — | | | 12.8 | | | 14.1 | | Valuation allowance to adjust assets to estimated fair value,
less costs of disposal | | — | | | (3,438.8) | | | — | | | Total assets of discontinued operations | | $ | — | | | $ | 5,008.9 | | | $ | 10,693.3 | | | LIABILITIES | | | | | | | | Current portion of operating lease liabilities | | $ | — | | | $ | 598.5 | | | $ | 601.4 | | | Accounts payable | | — | | | 977.5 | | | 890.6 | | | Other current liabilities | | — | | | 378.6 | | | 417.0 | | | Operating lease liabilities, long-term | | — | | | 2,134.5 | | | 2,303.0 | | | Other liabilities | | — | | | 135.8 | | | 137.6 | | | Total liabilities of discontinued operations | | $ | — | | | $ | 4,224.9 | | | $ | 4,349.6 | |
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