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Toys "R" Us is the second-largest retail bankruptcy of all time, in terms of assets at the time of going under, according to S&P Global Market Intelligence. The only one with more assets was Kmart back in 2002.

Expand chart

Data: S&P Global Market Intelligence; Chart: Chris Canipe / Axios

  • Breakdown: Nearly half of the company's $6.6 billion in assets are in property and equipment, while another $2.4 billion relates to inventory (data through April 29, 2017).
  • Symmetry: $6.6 billion is also the same amount that private equity firms paid to acquire Toys "R" Us in 2005, a deal whose giant debt-load helped contribute to today's bankruptcy filing.

Go deeper

Ben Geman, author of Generate
3 mins ago - Energy & Environment

Biden's plan to upend Trump's environmental legacy

Illustration: Aïda Amer/Axios. Photo by Brendan Smialowski/AFP via Getty Images

President-elect Joe Biden will on Wednesday order a government-wide review of over 100 Trump-era policies and direct agencies to prepare a suite of emissions and energy efficiency rules.

Why it matters: New information from transition officials offers the full scope of Biden's imminent, inauguration-day burst of environmental and energy policy moves.

Caitlin Owens, author of Vitals
4 mins ago - Health

The public health presidency

Illustration: Eniola Odetunde/Axios

Joe Biden will take office today facing a challenge none of his modern predecessors have had to reckon with — his legacy will depend largely on how well he handles a once-in-a-century pandemic that's already raging out of control.

The big picture: Public health tends to be relatively apolitical and non-controversial. The limelight in health care politics typically belongs instead to debates over costs and coverage. But that will all change for the Biden administration.

D.C. braces for economic hit from scaled-back inauguration

Photo: Aurora Samperio/NurPhoto via Getty Images

The days leading up to and including Inauguration Day typically generate $31.4 million in additional sales for D.C. businesses — but not this year.

Why it matters: Washington's economy is already suffering from pandemic-induced closures, and could very much use the revelry and tourist dollars that Inauguration Day brings — instead of the large bills that will pile up if there's further mayhem or if visitors continue to stay away.