XML 23 R9.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Aug. 01, 2020
Aug. 03, 2019
From operating activities:    
Net Income (loss) $ (65) $ 232
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment charges 31  
Depreciation and amortization 88 90
Deferred income taxes 22 (10)
Share-based compensation expense 7 13
Qualified pension plan contributions   (55)
Change in assets and liabilities:    
Merchandise inventories 12 32
Accounts payable 291 37
Accrued and other liabilities 142 (40)
Other, net 78 29
Net cash provided by operating activities 606 328
From investing activities:    
Capital expenditures (83) (81)
Minority investments (8) (45)
Net cash used in investing activities (91) (126)
From financing activities:    
Proceeds from the revolving credit facility 330  
Repayment of the revolving credit facility (330)  
Payment of revolving credit agreement costs (4)  
Purchase of treasury shares   (122)
Dividends paid on common stock (42) (84)
Issuance of common stock   4
Treasury stock reissued under employee stock plan   3
Proceeds from common stock issued under employee stock plans 2  
Shares of common stock repurchased to satisfy tax withholding obligations   (2)
Net cash used in financing activities (44) (201)
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash (3) (8)
Net change in cash, cash equivalents, and restricted cash 468 (7)
Cash, cash equivalents, and restricted cash at beginning of year 942 981
Cash, cash equivalents, and restricted cash at end of period 1,410 974
Cash paid during the year:    
Interest 7 5
Income taxes 11 111
Non-cash investing and financing activities:    
Capital Lease Obligations Exchanged for Finance Lease Liability 4  
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 135 114
Operating Lease, Payments $ 279 $ 338