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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Feb. 03, 2024
Jan. 28, 2023
Jan. 29, 2022
Cash flows from operating activities:      
Net income $ 105 $ 1,177 $ 1,430
Adjustments to reconcile net income to net cash provided by operating activities:      
Impairment, restructuring and other costs 1,027 41 30
Settlement charges 134 39 96
Depreciation and amortization 897 857 874
Benefit plans 4 17 34
Stock-based compensation expense 47 54 55
Gains on sale of real estate (61) (89) (91)
Deferred income taxes (244) (38) 19
Amortization of financing costs and premium on acquired debt 10 11 70
Changes in assets and liabilities:      
(Increase) decrease in receivables 7 (3) (21)
(Increase) decrease in merchandise inventories (99) 116 (610)
(Increase) decrease in prepaid expenses and other current assets 18 (66) (39)
Increase (decrease) in merchandise accounts payable (113) (129) 218
Increase (decrease) in accounts payable and accrued liabilities (347) (174) 245
Increase (decrease) in current income taxes 24 (75) 588
Change in other assets and liabilities (104) (123) (186)
Net cash provided by operating activities 1,305 1,615 2,712
Cash flows from investing activities:      
Purchase of property and equipment (631) (888) (354)
Capitalized software (362) (407) (243)
Disposition of property and equipment 86 137 164
Other, net (6) (11) 63
Net cash used by investing activities (913) (1,169) (370)
Cash flows from financing activities:      
Debt issued 961 2,809 1,085
Debt issuance costs (1) (21) (9)
Debt repaid (963) (3,100) (2,699)
Debt repurchase premium and expenses 0 (29) (152)
Dividends paid (181) (173) (90)
Increase (decrease) in outstanding checks 2 (181) (23)
Acquisition of treasury stock (38) (601) (500)
Issuance of common stock 0 0 7
Net cash used by financing activities (220) (1,296) (2,381)
Net increase (decrease) in cash, cash equivalents and restricted cash 172 (850) (39)
Cash, cash equivalents and restricted cash beginning of period 865 1,715 1,754
Cash, cash equivalents and restricted cash end of period 1,037 865 1,715
Supplemental cash flow information:      
Interest paid 157 188 442
Interest received 38 9 1
Income taxes paid (received), net 240 455 (171)
Restricted cash, end of period $ 3 $ 3 $ 3