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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Apr. 29, 2023
Apr. 30, 2022
Operating activities    
Net income $ 14 $ 14
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 188 200
Share-based compensation 9 18
Deferred income taxes 1 2
Non-cash lease expense 25 31
Other non-cash items (4) 3
Changes in operating assets and liabilities:    
Merchandise inventories (336) (668)
Other current and long-term assets 49 (42)
Accounts payable (20) (4)
Accrued and other long-term liabilities (101) 17
Operating lease liabilities (27) (31)
Net cash used in operating activities (202) (460)
Investing activities    
Acquisition of property and equipment (94) (221)
Proceeds from sale of real estate 1 4
Other (1)  
Net cash used in investing activities (94) (217)
Financing activities    
Net borrowings under revolving credit facility 680  
Treasury stock purchases   (158)
Shares withheld for taxes on vested restricted shares (12) (18)
Dividends paid (55) (63)
Repayment of long-term borrowings (164)  
Finance lease and financing obligation payments (25) (29)
Proceeds from financing obligations 5 4
Net cash used in provided by (used in) financing activities 429 (264)
Net increase (decrease) in cash and cash equivalents 133 (941)
Cash and cash equivalents at beginning of period 153 1,587
Cash and cash equivalents at end of period 286 646
Supplemental information    
Interest paid, net of capitalized interest 60 45
Income taxes paid $ 2 $ 5