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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jul. 30, 2022
Jul. 31, 2021
Operating activities    
Net income $ 157 $ 396
Adjustments to reconcile net income to net cash (Used in) provided by operating activities:    
Depreciation and amortization 406 421
Share-based compensation 26 25
Deferred income taxes (12) (57)
Loss on extinguishment of debt   201
Non-cash lease expense 56 74
Other non-cash expense 5 9
Changes in operating assets and liabilities:    
Merchandise inventories (964) (138)
Other current and long-term assets (29) 590
Accounts payable (185) 19
Accrued and other long-term liabilities 51 228
Operating lease liabilities (57) (76)
Net cash (used in) provided by operating activities (546) 1,692
Investing activities    
Acquisition of property and equipment (548) (191)
Proceeds from sale of real estate 4 4
Net cash used in investing activities (544) (187)
Financing activities    
Proceeds from issuance of debt   500
Net borrowings under revolving credit facility 79  
Deferred financing costs   (5)
Treasury stock purchases (158) (301)
Shares withheld for taxes on vested restricted shares (20) (25)
Dividends paid (127) (77)
Reduction of long-term borrowings   (1,044)
Premium paid on redemption of debt   (192)
Finance lease and financing obligation payments (55) (65)
Proceeds from financing obligations 5 4
Proceeds from stock option exercises 1 1
Other   (3)
Net cash used in provided by financing activities (275) (1,207)
Net (decrease) increase in cash and cash equivalents (1,365) 298
Cash and cash equivalents at beginning of period 1,587 2,271
Cash and cash equivalents at end of period 222 2,569
Supplemental information    
Interest paid, net of capitalized interest 137 128
Income taxes paid $ 49 $ 43