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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Oct. 29, 2022
Oct. 30, 2021
Operating activities    
Net income $ 254 $ 639
Adjustments to reconcile net income to net cash (Used in) provided by operating activities:    
Depreciation and amortization 608 631
Share-based compensation 37 35
Deferred income taxes (41) (103)
Loss on extinguishment of debt   201
Non-cash lease expense 81 107
Other non-cash expense 12 10
Changes in operating assets and liabilities:    
Merchandise inventories (1,802) (1,044)
Other current and long-term assets 102 574
Accounts payable 331 659
Accrued and other long-term liabilities 76 172
Operating lease liabilities (83) (107)
Net cash (used in) provided by operating activities (425) 1,774
Investing activities    
Acquisition of property and equipment (733) (426)
Proceeds from sale of real estate 31 35
Net cash used in investing activities (702) (391)
Financing activities    
Proceeds from issuance of debt   500
Net borrowings under revolving credit facility 668  
Deferred financing costs   (8)
Treasury stock purchases (658) (807)
Shares withheld for taxes on vested restricted shares (21) (26)
Dividends paid (184) (114)
Reduction of long-term borrowings   (1,044)
Premium paid on redemption of debt   (192)
Finance lease and financing obligation payments (81) (96)
Proceeds from financing obligations 9 8
Proceeds from stock option exercises 1 1
Other   (3)
Net cash used in provided by financing activities (266) (1,781)
Net decrease in cash and cash equivalents (1,393) (398)
Cash and cash equivalents at beginning of period 1,587 2,271
Cash and cash equivalents at end of period 194 1,873
Supplemental information    
Interest paid, net of capitalized interest 190 167
Income taxes paid $ 53 $ 221