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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
May 01, 2021
May 02, 2020
From operating activities:    
Net Income (loss) $ 202 $ (110)
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment charges 2 15
Depreciation and amortization 45 44
Deferred income taxes 7 24
Share-based compensation expense 8 3
Change in assets and liabilities:    
Merchandise inventories (94) (257)
Accounts payable 255 138
Accrued and other liabilities (25) (44)
Insurance receivable for inventory loss 8  
Other, net (10) 71
Net cash provided by (used in) operating activities 398 (116)
From investing activities:    
Capital expenditures (51) (52)
Minority investments (8) (6)
Proceeds from sale of property 3  
Insurance proceeds related to loss on property and equipment 2  
Net cash used in investing activities (54) (58)
From financing activities:    
Purchase of treasury shares (34)  
Dividends paid on common stock (21) (42)
Proceeds from exercise of stock options 4  
Shares of common stock repurchased to satisfy tax withholding obligations (10)  
Proceeds from the revolving credit facility   330
Net cash (used in) provided by financing activities (61) 288
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash   (9)
Net change in cash, cash equivalents, and restricted cash 283 105
Cash, cash equivalents, and restricted cash at beginning of year 1,718 942
Cash, cash equivalents, and restricted cash at end of period 2,001 1,047
Cash paid during the year:    
Interest 1 1
Income taxes 32 4
Non-cash investing and financing activities:    
Cash paid for amounts included in measurement of operating lease liabilities: 179 108
Right-of-use assets obtained in exchange for lease obligations: $ 114 $ 72