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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
3 Months Ended
May 03, 2014
May 04, 2013
From Operating Activities:    
Net income $ 162 $ 138
Adjustments to reconcile net income to net cash provided by operating activities:    
Non-cash impairment charge 1 0
Depreciation and amortization 36 31
Share-based compensation expense 6 8
Qualified pension plan contributions (2) 0
Excess tax benefits on share-based compensation (7) (4)
Change in assets and liabilities:    
Merchandise inventories (40) (8)
Accounts payable 89 55
Accrued and other liabilities 3 (46)
Other, net 24 77
Net cash provided by operating activities 272 251
From Investing Activities:    
Capital expenditures (49) (50)
Gain from lease terminations 0 2
Purchases of short-term investments 0 (19)
Sales and maturities of short-term investments 7 19
Net cash used in investing activities (42) (48)
From Financing Activities:    
Repayments of long-term debt and obligations under capital leases (1) 0
Dividends paid on common stock (32) (30)
Issuance of common stock 10 6
Purchase of treasury shares (70) 0
Excess tax benefits on share-based compensation 7 4
Net cash used in financing activities (86) (20)
Effect of exchange rate fluctuations on Cash and Cash Equivalents 3 (6)
Net change in Cash and Cash Equivalents 147 177
Cash and Cash Equivalents at beginning of year 858 [1] 880
Cash and Cash Equivalents at end of interim period 1,005 1,057
Cash paid during the period:    
Interest 0 0
Income taxes $ 83 $ 15
[1] The balance sheet at February 1, 2014 has been derived from the previously reported audited financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended February 1, 2014.