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ASSETS Current assets: STAPLES, INC. AND SUBSIDIARIES Consolidated Balance Sheets (Dollar Amounts in Millions, Except Share Data) January 28, 2017 January 30, 2016 Cash

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ASSETS Current assets: STAPLES, INC. AND SUBSIDIARIES Consolidated Balance Sheets (Dollar Amounts in Millions, Except Share Data) January 28, 2017 January 30, 2016 Cash and cash equivalents $1,137 $825 Receivables, net 1,538 1,543 Merchandise inventories, net 1,737 1,791 Prepaid expenses and other current assets 251 273 Current assets of discontinued operations 568 680 Total current assets 5,231 5,112 Property and equipment, net 1,147 1,286 Intangible assets, net of accumulated amortization 205 235 Goodwill 1,290 2,032 Other assets 398 497 Noncurrent assets of discontinued operations Total assets LIABILITIES AND STOCKHOLDERS' EQUITY - $8,271 1,010 $10,172 Current liabilities: Accounts payable $1,706 $1,685 Accrued expenses and other current liabilities 1,023 1,160 Debt maturing within one year 519 15 Current liabilities of discontinued operations 402 405 Total current liabilities 3,650 3,265 Long-term debt Other long-term obligations Noncurrent liabilities of discontinued operations Stockholders' equity: Preferred stock, $.01 par value, 5,000,000 shares authorized; no shares issued Common stock, $.0006 par value, 2,100,000,000 shares authorized; issued and outstanding 953,711,270 and 652,470,081 shares at January 28, 2017 and 946,964,792 and 645,723,603 shares at January 30, 2016 529 1,016 396 441 66 - 1 1

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