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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Apr. 29, 2023
Apr. 30, 2022
Cash flows from operating activities:    
Net income $ 155 $ 286
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment, restructuring and other costs 2 8
Depreciation and amortization 218 206
Stock-based compensation expense 14 13
Gains on sale of real estate (11) (42)
Benefit plans 2 5
Amortization of financing costs and premium on acquired debt 3 2
Deferred income taxes (32) (17)
Changes in assets and liabilities:    
Decrease in receivables 45 65
Increase in merchandise inventories (340) (573)
Decrease (increase) in prepaid expenses and other current assets 32 (13)
Increase in merchandise accounts payable 374 639
Decrease in accounts payable and accrued liabilities (415) (424)
Increase in current income taxes 82 122
Change in other assets and liabilities (24) (29)
Net cash provided by operating activities 105 248
Cash flows from investing activities:    
Purchase of property and equipment (215) (171)
Capitalized software (81) (90)
Disposition of property and equipment 25 73
Other, net 1 (6)
Net cash used by investing activities (270) (194)
Cash flows from financing activities:    
Debt issued 0 850
Debt issuance costs 0 (21)
Debt repaid (1) (1,139)
Debt repurchase premium and expenses 0 (29)
Dividends paid (45) (45)
Decrease in outstanding checks (13) (126)
Acquisition of treasury stock (35) (584)
Net cash used by financing activities (94) (1,094)
Net decrease in cash, cash equivalents and restricted cash (259) (1,040)
Cash, cash equivalents and restricted cash beginning of period 865 1,715
Cash, cash equivalents and restricted cash end of period 606 675
Supplemental cash flow information:    
Interest paid 60 86
Interest received 11 1
Income taxes paid, net of refunds received $ 6 $ 1