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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 30, 2022
May 01, 2021
Cash flows from operating activities:    
Net income $ 286 $ 103
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment, restructuring and other costs 8 19
Depreciation and amortization 206 224
Stock-based compensation expense 13 11
Gains on sale of real estate (42) (6)
Benefit plans 5 10
Amortization of financing costs and premium on acquired debt 2 8
Deferred income taxes (17) (43)
Changes in assets and liabilities:    
Decrease in receivables 65 71
Increase in merchandise inventories (573) (457)
Increase in prepaid expenses and other current assets (13) (56)
Increase in merchandise accounts payable 639 674
Decrease in accounts payable and accrued liabilities (424) (114)
Increase in current income taxes 122 75
Change in other assets and liabilities (29) (25)
Net cash provided by operating activities 248 494
Cash flows from investing activities:    
Purchase of property and equipment (171) (61)
Capitalized software (90) (38)
Disposition of property and equipment 73 8
Other, net (6) 17
Net cash used by investing activities (194) (74)
Cash flows from financing activities:    
Debt issued 850 500
Debt issuance costs (21) (9)
Debt repaid (1,139) (503)
Debt repurchase premium and expenses (29) (12)
Dividends paid (45) 0
Decrease in outstanding checks (126) (276)
Acquisition of treasury stock (584) 0
Net cash used by financing activities (1,094) (300)
Net increase (decrease) in cash, cash equivalents and restricted cash (1,040) 120
Cash, cash equivalents and restricted cash beginning of period 1,715 1,754
Cash, cash equivalents and restricted cash end of period 675 1,874
Supplemental cash flow information:    
Interest paid 86 52
Interest received 1 0
Income taxes paid, net of refunds received $ 1 $ 5