OfficeMax 2015 Annual Report Download - page 114
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Table of Contents
A summary of significant accounts and balances by segment, reconciled to consolidated totals follows.
(In millions)
North
American
Retail
North
American
Business
Solutions International
Corporate,
Eliminations,
and Other*
Consolidated
Total
Sales
2014 6,528 6,013 3,400 155 16,096
2013 4,614 3,580 3,008 40 11,242
Division operating income
2014 126 232 53 — 411
2013 8 113 36 — 157
Capital expenditures
2014 44 29 29 21 123
2013 63 24 39 11 137
Depreciation and amortization
2014 140 85 35 53 313
2013 105 51 29 24 209
Charges for losses on receivables and inventories
2014 48 4 13 1 66
2013 38 9 12 — 59
Net earnings from equity method investments
2014 — — — — —
2013 — — 14 — 14
Assets
2014 1,736 1,687 1,160 2,174 6,757
2013 $1,804 $1,554 $ 1,152 $ 2,855 $ 7,365
* Amounts included in “Corporate, Eliminations, and Other” consist of (i) assets (including all cash and cash equivalents) and depreciation related to
corporate activities, (ii) accounts and balances associated with Grupo OfficeMax prior to disposition, and (iii) $377 million of goodwill in December
28, 2013, which was allocated to reporting units in 2014.
A reconciliation of the measure of Division operating income to Income (loss) before income taxes follows:
(In millions) 2014 2013
Division operating income $ 411 $ 157
Add/(subtract):
Other operating income (loss) 8 (2)
Asset impairments (88) (70)
Merger, restructuring, and other operating expenses, net (403) (201)
Legal accrual (81) —
Unallocated expenses (122) (89)
Interest income 24 5
Interest expense (89) (69)
Gain on disposition of joint venture — 382
Other income, net — 14
Income (loss) before income taxes $(340) $ 127
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