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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 28, 2023
Jan. 29, 2022
Jan. 30, 2021
Cash flows from operating activities:      
Net income (loss) $ 1,177 $ 1,430 $ (3,944)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Impairment, restructuring and other costs 41 30 3,579
Settlement charges 39 96 84
Depreciation and amortization 857 874 959
Benefit plans 17 34 47
Stock-based compensation expense 54 55 31
Gains on sale of real estate (89) (91) (60)
Deferred income taxes (38) 19 (327)
Amortization of financing costs and premium on acquired debt 11 70 18
Changes in assets and liabilities:      
(Increase) decrease in receivables (3) (21) 132
(Increase) decrease in merchandise inventories 116 (610) 1,406
(Increase) decrease in prepaid expenses and other current assets (66) (39) 51
Increase (decrease) in merchandise accounts payable (129) 218 237
Increase (decrease) in accounts payable and accrued liabilities (174) 245 (759)
Increase (decrease) in current income taxes (75) 588 (617)
Change in other assets and liabilities (123) (186) (188)
Net cash provided by operating activities 1,615 2,712 649
Cash flows from investing activities:      
Purchase of property and equipment (888) (354) (338)
Capitalized software (407) (243) (128)
Disposition of property and equipment 137 164 113
Other, net (11) 63 28
Net cash used by investing activities (1,169) (370) (325)
Cash flows from financing activities:      
Debt issued 2,809 1,085 2,780
Debt issuance costs (21) (9) (95)
Debt repaid (3,100) (2,699) (2,042)
Debt repurchase premium and expenses (29) (152) (7)
Dividends paid (173) (90) (117)
Increase (decrease) in outstanding checks (181) (23) 181
Acquisition of treasury stock (601) (500) (1)
Issuance of common stock 0 7 0
Net cash provided (used) by financing activities (1,296) (2,381) 699
Net increase (decrease) in cash, cash equivalents and restricted cash (850) (39) 1,023
Cash, cash equivalents and restricted cash beginning of period 1,715 1,754 731
Cash, cash equivalents and restricted cash end of period 865 1,715 1,754
Supplemental cash flow information:      
Interest paid 188 442 257
Interest received 9 1 5
Income taxes paid (received), net 455 (171) 98
Restricted cash, end of period $ 3 $ 3 $ 75