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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jan. 29, 2022
Jan. 30, 2021
Feb. 01, 2020
From operating activities:      
Net income $ 892 $ 323 $ 491
Adjustments to reconcile net income to net cash provided by operating activities:      
Impairment charges 148 97 48
Non-cash gain (367) (190) (4)
Depreciation and amortization 197 176 179
Deferred income taxes 74 (9) 5
Share-based compensation expense 29 15 18
Qualified pension plan contributions     (55)
Change in assets and liabilities:      
Merchandise inventories (259) 294 51
Accounts payable 161 60 (51)
Accrued and other liabilities 1 140 (40)
Pension litigation accrual 10    
Other, net (220) 156 54
Net cash provided by (used in) operating activities 666 1,062 696
From investing activities:      
Purchase of business, net of cash acquired (1,056)    
Capital expenditures (209) (159) (187)
Minority investments (118) (9) (50)
Proceeds from sale of property 3   2
Insurance proceeds related to loss on property and equipment 4    
Net cash used in investing activities (1,376) (168) (235)
From financing activities:      
Proceeds from issuance of debt 395    
Purchase of treasury shares (348) (37) (335)
Proceeds from the revolving credit facility   330  
Payment of long-term debt and obligations under finance leases (102) (23)  
Payment of debt issuance costs (2) (4)  
Contribution from non-controlling interest   6  
Dividends paid on common stock (101) (73) (164)
Proceeds from exercise of stock options 10 4 5
Proceeds from common stock issued under employee stock plans   2  
Treasury stock reissued under employee stock plan 7   3
Shares of common stock repurchased to satisfy tax withholding obligations (11) (1) (2)
Repayment of the revolving credit facility   (330)  
Net cash (used in) provided by financing activities (152) (126) (493)
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash (6) 8 (7)
Net change in cash, cash equivalents, and restricted cash (868) 776 (39)
Cash, cash equivalents, and restricted cash at beginning of year 1,718 942 981
Cash, cash equivalents, and restricted cash at end of period 850 1,718 942
Cash paid during the year:      
Interest 11 14 11
Income taxes 387 100 $ 201
Cash paid for amounts included in measurement of operating lease liabilities: 790 626  
Non-cash investing and financing activities:      
Right-of-use assets obtained in exchange for lease obligations: 417 331  
Assets obtained in exchange for finance lease obligations $ 4 $ 11