The Gap 2008 Annual Report Download - page 77

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Selected financial information by reportable segment, excluding results of the discontinued operation of Forth &
Towne, and reconciliations to our consolidated totals are as follows:
Fiscal Year
($ in millions) 2008 2007 2006
Operating income:
Stores ..................................................................... $1,338 $1,135 $1,110
Direct(1) ................................................................... 210 180 115
Operating income .......................................................... $1,548 $1,315 $1,225
Depreciation and amortization expense (2):
Stores ..................................................................... $ 517 $ 509 $ 496
Direct(3)................................................................... 51 38 34
Depreciationandamortizationexpense ...................................... $ 568 $ 547 $ 530
Segment assets:
Stores ..................................................................... $3,368 $3,696 $3,755
Direct ..................................................................... 499 288 282
Unallocated ................................................................ 3,697 3,854 4,507
Totalassets ................................................................ $7,564 $7,838 $8,544
Purchases of property and equipment:
Stores ..................................................................... $ 303 $ 528 $ 386
Direct ..................................................................... 47 30 30
Unallocated ................................................................ 81 124 156
Purchases of property and equipment ........................................ $ 431 $ 682 $ 572
(1) Included in Direct’s operating income is $40 million, $39 million, and $38 million of net allocated corporate expenses for fiscal 2008,
2007, and 2006, respectively.
(2) Depreciation and amortization is net of the amortization of lease incentives.
(3) Included in Direct’s depreciation and amortization expense is $8 million, $7 million, and $7 million of net allocated corporate
depreciation and amortization expense for fiscal 2008, fiscal 2007, and fiscal 2006, respectively.
Long-lived assets, as defined in SFAS 131, located in the United States and in foreign locations are as follows:
($ in millions) January 31,
2009 February 2,
2008
United States ........................................................................ $2,743 $2,824
Foreign ............................................................................. 544 632
Totallong-livedassets ................................................................ $3,287 $3,456
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