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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jul. 30, 2022
Jul. 31, 2021
From operating activities:    
Net income $ 226 $ 632
Adjustments to reconcile net income to net cash provided by operating activities:    
Non-cash impairment and other charges 5 45
Fair value adjustments to minority investments 38 (314)
Depreciation and amortization 105 93
Deferred income taxes 8 67
Share-based compensation expense 16 16
Gain on disposal of business (18)  
Change in assets and liabilities:    
Merchandise inventories (413) (163)
Accounts payable 10 139
Accrued and other liabilities (69) (12)
Insurance receivable for inventory loss   8
Other, net (10) (109)
Net cash (used in) provided by operating activities (102) 402
From investing activities:    
Capital expenditures (156) (87)
Purchase of business, net of cash acquired (12)  
Minority investments (4) (78)
Proceeds from sale of business 47  
Proceeds from minority investments 12  
Proceeds from sale of property   3
Insurance proceeds related to loss on property and equipment   3
Net cash used in investing activities (113) (159)
From financing activities:    
Purchase of treasury shares (129) (41)
Dividends paid on common stock (76) (42)
Payment of obligations under finance leases (3) (1)
Shares of common stock repurchased to satisfy tax withholding obligations (1) (11)
Treasury stock reissued under employee stock plan 3 7
Proceeds from exercise of stock options 3 10
Contribution from non-controlling interest 4  
Repayment of the revolving credit facility   (1)
Net cash used in financing activities (199) (79)
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash (5) (1)
Net change in cash, cash equivalents, and restricted cash (419) 163
Cash, cash equivalents, and restricted cash at beginning of year 850 1,718
Cash, cash equivalents, and restricted cash at end of period 431 1,881
Cash paid during the year:    
Interest 8 6
Income taxes 103 229
Cash paid for amounts included in measurement of operating lease liabilities: 354 358
Non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for lease obligations: 277 171
Assets obtained in exchange for finance lease obligations $ 1 $ 4