Sears 2011 Annual Report Download - page 99

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SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
2010
millions Kmart
Sears
Domestic
Sears
Canada
Sears
Holdings
Merchandise sales and services
Hardlines ............................................. 4,879 13,692 2,440 21,011
Apparel and Soft Home .................................. 4,809 5,454 2,088 12,351
Food and Drug ......................................... 5,810 38 — 5,848
Service and Other ....................................... 95 3,091 268 3,454
Total merchandise sales and services .................... $15,593 $22,275 $4,796 $42,664
Costs and expenses
Cost of sales, buying and occupancy ........................ 11,757 15,910 3,333 31,000
Selling and administrative ................................ 3,341 5,940 1,144 10,425
Depreciation and amortization ............................. 149 620 100 869
Gain on sales of assets ................................... (7) (46) (14) (67)
Total costs and expenses ............................. 15,240 22,424 4,563 42,227
Operating income (loss) ...................................... $ 353 $ (149) $ 233 $ 437
Total assets ................................................ $ 6,085 $15,299 $2,976 $24,360
Capital expenditures ......................................... $ 153 $ 216 $ 57 $ 426
2009
millions Kmart
Sears
Domestic
Sears
Canada
Sears
Holdings
Merchandise sales and services
Hardlines ............................................. 4,745 14,180 2,371 21,296
Apparel and Soft Home .................................. 4,675 5,675 1,968 12,318
Food and Drug ......................................... 6,237 43 — 6,280
Service and Other ....................................... 86 3,091 289 3,466
Total merchandise sales and services .................... $15,743 $22,989 $4,628 $43,360
Costs and expenses
Cost of sales, buying and occupancy ........................ 12,038 16,203 3,133 31,374
Selling and administrative ................................ 3,386 6,065 1,048 10,499
Depreciation and amortization ............................. 152 640 102 894
Gain on sales of assets ................................... (23) (6) (45) (74)
Total costs and expenses ............................. 15,553 22,902 4,238 42,693
Operating income ........................................... $ 190 $ 87 $ 390 $ 667
Total assets ................................................ $ 5,729 $15,582 $3,590 $24,901
Capital expenditures ......................................... $ 94 $ 201 $ 55 $ 350
NOTE 18—LEGAL PROCEEDINGS
Robert F. Booth Trust, derivatively v. William C. Crowley, et al. – In August 2009, a shareholder derivative
lawsuit was filed in United States District Court for the Northern District of Illinois against current and former
directors William C. Crowley, Edward S. Lampert, Steven T. Mnuchin, Richard C. Perry, Ann N. Reese, Kevin
B. Rollins, Emily Scott and Thomas Tisch, and nominally Sears Holdings Corporation. Plaintiff alleged that by
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