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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 29, 2022
Jan. 30, 2021
Feb. 01, 2020
Cash flows from operating activities:      
Net income (loss) $ 1,430 $ (3,944) $ 564
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Impairment, restructuring and other costs 30 3,579 354
Settlement charges 96 84 58
Depreciation and amortization 874 959 981
Benefit plans 34 47 31
Stock-based compensation expense 55 31 38
Gains on sale of real estate (91) (60) (162)
Deferred income taxes 19 (327) (6)
Amortization of financing costs and premium on acquired debt 70 18 4
Changes in assets and liabilities:      
(Increase) decrease in receivables (21) 132 (9)
(Increase) decrease in merchandise inventories (610) 1,406 75
(Increase) decrease in prepaid expenses and other current assets (39) 51 89
Increase in merchandise accounts payable 218 237 40
Increase (decrease) in accounts payable and accrued liabilities 245 (759) (257)
Increase (decrease) in current income taxes 588 (617) (60)
Change in other assets and liabilities (186) (188) (132)
Net cash provided by operating activities 2,712 649 1,608
Cash flows from investing activities:      
Purchase of property and equipment (354) (338) (902)
Capitalized software (243) (128) (255)
Disposition of property and equipment 164 113 185
Other, net 63 28 (30)
Net cash used by investing activities (370) (325) (1,002)
Cash flows from financing activities:      
Debt issued 1,085 2,780 0
Debt issuance costs (9) (95) (3)
Debt repaid (2,699) (2,042) (569)
Debt repurchase premium and expenses (152) (7) (28)
Dividends paid (90) (117) (466)
Increase (decrease) in outstanding checks (23) 181 (62)
Acquisition of treasury stock (500) (1) (1)
Issuance of common stock 7 0 6
Net cash provided (used) by financing activities (2,381) 699 (1,123)
Net increase (decrease) in cash, cash equivalents and restricted cash (39) 1,023 (517)
Cash, cash equivalents and restricted cash beginning of period 1,754 731 1,248
Cash, cash equivalents and restricted cash end of period 1,715 1,754 731
Supplemental cash flow information:      
Interest paid 442 257 242
Interest received 1 5 20
Income taxes paid (received), net (171) 98 229
Restricted cash, end of period $ 3 $ 75 $ 46