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Canadian Leasehold Acquisition | 12 Months Ended
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Feb. 01, 2014
Canadian Leasehold Acquisition |
Canadian Leasehold Acquisition | Canadian Leasehold Acquisition During 2011, we purchased the leasehold interests in 189 sites operated by Zellers in Canada, in exchange for $1,861 million. In addition, we sold our right to acquire the leasehold interests in 54 of these sites to third-parties for a total of $225 million. These transactions resulted in a final net purchase price of $1,636 million, which was included in expenditures for property and equipment in the Consolidated Statements of Cash Flows. As a result of the acquisition, the following net assets were recorded in our Canadian Segment: buildings and improvements of $2,887 million; finite-lived intangible assets of $23 million; unsecured debt and other borrowings of $1,274 million.

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- Definition The entire disclosure of agreement to purchase the leasehold interests in various sites. It may include tabular disclosure of capital lease assets, intangible assets and liabilities related to same. + References No definition available. + Details
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