Sears 2007 Annual Report Download - page 94

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SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
NOTE 19—SUMMARY OF SEGMENT DATA
We currently have three reportable segments: Kmart, Sears Domestic and Sears Canada. The accompanying
summary of segment data for the year ended January 28, 2006 includes the results of operations of Sears
subsequent to March 24, 2005, the date of the Merger. During the fourth quarter of 2007, Sears Canada changed
its fiscal year end from the Saturday nearest December 31st to the Saturday nearest January 31st. This change has
been retrospectively applied to all prior year amounts included in the following segment results. See Note 3 for
further information on the impact of this change.
millions
2007
Kmart Sears
Sears
Holdings
Domestic Canada
Merchandise sales and services ............. $17,256 $27,845 $5,602 $50,703
Costs and expenses
Cost of sales, buying and occupancy .... 13,202 19,589 3,847 36,638
Selling and administrative ............. 3,537 6,698 1,233 11,468
Depreciation and amortization ......... 116 802 131 1,049
Gain on sales of assets ................ (1) (28) (9) (38)
Total costs and expenses .......... 16,854 27,061 5,202 49,117
Operating income ....................... $ 402 $ 784 $ 400 $ 1,586
Total assets ............................ $ 6,275 $17,635 $3,487 $27,397
millions
2006
Kmart Sears
Sears
Holdings
Domestic Canada
Merchandise sales and services ............. $18,647 $29,179 $5,190 $53,016
Costs and expenses
Cost of sales, buying and occupancy .... 14,061 20,120 3,643 37,824
Selling and administrative ............. 3,623 6,820 1,131 11,574
Depreciation and amortization ......... 77 927 139 1,143
Gain on sales of assets ................ (71) (11) — (82)
Restructuring charges ................ 9 — 19 28
Total costs and expenses .......... 17,699 27,856 4,932 50,487
Operating income ....................... $ 948 $ 1,323 $ 258 $ 2,529
Total assets ............................ $ 7,750 $19,209 $2,947 $29,906
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