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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jul. 30, 2022
Jul. 31, 2021
Cash flows from operating activities:    
Net income $ 561 $ 448
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment, restructuring and other costs 10 21
Settlement charges 0 81
Depreciation and amortization 413 444
Stock-based compensation expense 30 22
Gains on sale of real estate (42) (12)
Benefit plans 10 19
Amortization of financing costs and premium on acquired debt 5 14
Deferred income taxes (38) (36)
Changes in assets and liabilities:    
Decrease in receivables 78 55
Increase in merchandise inventories (227) (525)
Increase in prepaid expenses and other current assets (28) (41)
Increase in merchandise accounts payable 100 647
Decrease in accounts payable and accrued liabilities (455) (78)
Increase (decrease) in current income taxes (72) 12
Change in other assets and liabilities (42) (106)
Net cash provided by operating activities 303 965
Cash flows from investing activities:    
Purchase of property and equipment (378) (142)
Capitalized software (204) (88)
Disposition of property and equipment 73 34
Other, net (6) 52
Net cash used by investing activities (515) (144)
Cash flows from financing activities:    
Debt issued 850 500
Debt issuance costs (21) (9)
Debt repaid (1,140) (518)
Debt repurchase premium and expenses (29) (15)
Dividends paid (87) 0
Decrease in outstanding checks (172) (318)
Acquisition of treasury stock (601) 0
Net cash used by financing activities (1,200) (360)
Net increase (decrease) in cash, cash equivalents and restricted cash (1,412) 461
Cash, cash equivalents and restricted cash beginning of period 1,715 1,754
Cash, cash equivalents and restricted cash end of period 303 2,215
Supplemental cash flow information:    
Interest paid 108 152
Interest received 1 0
Income taxes paid, net of refunds received $ 305 $ 166