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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jan. 28, 2023
Jan. 29, 2022
Jan. 30, 2021
From operating activities:      
Net income $ 341 $ 892 $ 323
Adjustments to reconcile net income to net cash provided by operating activities:      
Non-cash impairment and other charges 67 148 97
Fair value adjustments to minority investments 61 (367) (190)
Fair value change in contingent consideration (31)    
Depreciation and amortization 208 197 176
Deferred income taxes 21 74 (9)
Share-based compensation expense 31 29 15
Gain on disposal of business (19)    
Change in assets and liabilities:      
Merchandise inventories (397) (259) 294
Accounts payable (101) 161 60
Accrued and other liabilities (1) 1 140
Pension litigation accrual   10  
Other, net (7) (220) 156
Net cash (used in) provided by operating activities 173 666 1,062
From investing activities:      
Capital expenditures (285) (209) (159)
Purchase of business, net of cash acquired (14) (1,056)  
Minority investments (5) (118) (9)
Proceeds from sale of business 47    
Proceeds from minority investments 95    
Proceeds from sale of property   3  
Insurance proceeds related to loss on property and equipment   4  
Net cash used in investing activities (162) (1,376) (168)
From financing activities:      
Proceeds from debt issuance, net   395  
Payment of debt issuance costs   (2) (4)
Proceeds from the revolving credit facility     330
Repayment of the revolving credit facility     (330)
Purchase of treasury shares (129) (348) (37)
Dividends paid on common stock (150) (101) (73)
Payment of long-term debt and obligations under finance leases (6) (102) (23)
Shares of common stock repurchased to satisfy tax withholding obligations (1) (11) (1)
Treasury stock reissued under employee stock plan 3 7  
Proceeds from common stock issued under employee stock plans     2
Proceeds from exercise of stock options 6 10 4
(Purchase of) non-controlling interest (2)    
Contribution from non-controlling interest     6
Net cash used in financing activities (279) (152) (126)
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash   (6) 8
Net change in cash, cash equivalents, and restricted cash (268) (868) 776
Cash, cash equivalents, and restricted cash at beginning of year 850 1,718 942
Cash, cash equivalents, and restricted cash at end of period 582 850 1,718
Cash paid during the year:      
Interest 17 11 14
Income taxes 153 387 100
Cash paid for amounts included in measurement of operating lease liabilities: 704 790 626
Cash paid for amounts included in measurement of finance lease liabilities 9 5 1
Non-cash investing and financing activities:      
Right-of-use assets obtained in exchange for lease obligations: $ 458 417 331
Assets obtained in exchange for finance lease obligations   $ 4 $ 11