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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jul. 29, 2023
Jul. 30, 2022
Cash flows from operating activities:    
Net income $ 133 $ 561
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment, restructuring and other costs 6 10
Settlement charges 122 0
Depreciation and amortization 433 413
Stock-based compensation expense 30 30
Gains on sale of real estate (15) (42)
Benefit plans 3 10
Amortization of financing costs and premium on acquired debt 5 5
Deferred income taxes (46) (38)
Changes in assets and liabilities:    
Decrease in receivables 77 78
Decrease (increase) in merchandise inventories 138 (227)
Decrease (increase) in prepaid expenses and other current assets 10 (28)
(Decrease) increase in merchandise accounts payable (53) 100
Decrease in accounts payable and accrued liabilities (418) (455)
Decrease in current income taxes (121) (72)
Change in other assets and liabilities (33) (42)
Net cash provided by operating activities 271 303
Cash flows from investing activities:    
Purchase of property and equipment (390) (378)
Capitalized software (174) (204)
Disposition of property and equipment 32 73
Other, net 1 (6)
Net cash used by investing activities (531) (515)
Cash flows from financing activities:    
Debt issued 0 850
Debt issuance costs 0 (21)
Debt repaid (1) (1,140)
Debt repurchase premium and expenses 0 (29)
Dividends paid (90) (87)
Decrease in outstanding checks (35) (172)
Acquisition of treasury stock (38) (601)
Net cash used by financing activities (164) (1,200)
Net decrease in cash, cash equivalents and restricted cash (424) (1,412)
Cash, cash equivalents and restricted cash beginning of period 865 1,715
Cash, cash equivalents and restricted cash end of period 441 303
Supplemental cash flow information:    
Interest paid 82 108
Interest received 18 1
Income taxes paid, net of refunds received $ 215 $ 305