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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jan. 30, 2021
Feb. 01, 2020
Feb. 02, 2019
From operating activities:      
Net Income $ 323 $ 491 $ 541
Adjustments to reconcile net income to net cash provided by operating activities:      
Impairment charges 97 48 19
Non-cash gain (190) (4)  
Depreciation and amortization 176 179 178
Deferred income taxes (9) 5 9
Share-based compensation expense 15 18 22
Qualified pension plan contributions   (55) (128)
Change in assets and liabilities:      
Merchandise inventories 294 51 (16)
Accounts payable 58 (51) 135
Accrued and other liabilities 139 (40) 39
Pension litigation accrual     13
Class counsel fees paid in connection with pension litigation     (97)
Other, net 159 54 66
Net cash provided by operating activities 1,062 696 781
From investing activities:      
Capital expenditures (159) (187) (187)
Minority investments (9) (50) (89)
Proceeds from sale of property   2  
Insurance proceeds related to loss on property and equipment     2
Net cash used in investing activities (168) (235) (274)
From financing activities:      
Proceeds from the revolving credit facility 330    
Repayment of the revolving credit facility (330)    
Payment of long-term debt and obligations under finance leases (23)    
Payment of debt issuance costs (4)    
Contribution from non-controlling interest 6    
Purchase of treasury shares (37) (335) (375)
Dividends paid on common stock (73) (164) (158)
Proceeds from exercise of stock options 4 5 5
Proceeds from common stock issued under employee stock plans 2    
Treasury stock reissued under employee stock plan   3 2
Shares of common stock repurchased to satisfy tax withholding obligations (1) (2) (1)
Net cash used in financing activities (126) (493) (527)
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash 8 (7) (30)
Net change in cash, cash equivalents, and restricted cash 776 (39) (50)
Cash, cash equivalents, and restricted cash at beginning of year 942 981 1,031
Cash, cash equivalents, and restricted cash at end of period 1,718 942 981
Cash paid during the year:      
Interest 14 11 11
Income taxes 100 201 $ 184
Non-cash investing and financing activities:      
Cash paid for amounts included in measurement of operating lease liabilities: 626 679  
Right-of-use assets obtained in exchange for lease obligations: 331 $ 322  
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability $ 11