In fiscal 2024, the Company completed the sale of Worldpac for $1.5 billion, with customary purchase price adjustments for working capital and other items as well as the provision of letters of credit in an aggregate amount of up to $200 million for up to 12 months following the closing of the transaction, which letter of credit exposure will reduce to zero no later than 24 months after the closing, to support supply chain financing for the buyer. The transaction closed on November 1, 2024. Net proceeds from the transaction after paying expenses and excluding the impact of taxes were approximately $1.47 billion. The Company’s sale of Worldpac was progress towards changing the landscape of the business with increased focus on the Advance blended-box model. As a result, the Company classified the results of operations and cash flows of Worldpac as discontinued operations in its condensed consolidated statements of operations and condensed consolidated statements of cash flows for prior periods presented.


	Sixteen Weeks Ended
	April 20, 2024
Major classes of line items constituting income of discontinued operations before provision for income taxes:
Net Sales	$	634
Cost of sales, including purchasing and warehousing costs	409
Gross Profit	225
Selling, general and administrative expenses	192
Operating income	33
Other, net:

Other income (expense), net	(3)
Total other, net	(3)
Income from discontinued operations related to major classes before provision for income taxes	30



Income tax expense	7
Net income from discontinued operations	$	23