Sears 2009 Annual Report Download - page 93

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SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
Holdings, through its subsidiaries, engages in commercial transactions with AutoZone, Inc. (“AutoZone”) in
the ordinary course of business. In fiscal 2009, we paid AutoZone approximately $21 million for automotive
parts, accessories, and other services. ESL owns approximately 40.5% of the outstanding common stock of
AutoZone (based on publicly available data as of March 9, 2010), and Mr. Crowley serves as a director of
AutoZone.
Holdings employs certain employees of ESL. William C. Crowley is a director and our Executive Vice
President, Chief Administrative Officer while continuing his role as President and Chief Operating Officer of
ESL. Our Senior Vice President of Real Estate is also employed by ESL.
NOTE 17—SUPPLEMENTAL FINANCIAL INFORMATION
Other long-term liabilities as of January 30, 2010 and January 31, 2009 consisted of the following:
millions
January 30,
2010
January 31,
2009
Unearned revenues ............................................. $ 829 $ 889
Self-insurance reserves .......................................... 801 826
Other ........................................................ 988 1,227
Total .................................................... $2,618 $2,942
NOTE 18—SUMMARY OF SEGMENT DATA
The Company evaluates segment financial performance based on operating income, as presented in the
Consolidated Statements of Income. We currently have three reportable segments: Kmart, Sears Domestic and
Sears Canada.
2009
millions Kmart
Sears
Domestic
Sears
Canada
Sears
Holdings
Merchandise sales and services ................................. $15,743 $23,672 $4,628 $44,043
Costs and expenses
Cost of sales, buying and occupancy ........................ 12,038 16,653 3,133 31,824
Selling and administrative ................................. 3,386 6,220 1,048 10,654
Depreciation and amortization ............................. 152 672 102 926
Gain on sales of assets .................................... (23) (6) (45) (74)
Total costs and expenses .............................. 15,553 23,539 4,238 43,330
Operating income ........................................... $ 190 $ 133 $ 390 $ 713
Total assets ................................................ $ 5,729 $15,489 $3,590 $24,808
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