XML 34 R6.htm IDEA: XBRL DOCUMENT v3.24.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Feb. 03, 2024
Jan. 28, 2023
Jan. 29, 2022
Operating activities      
Net income (loss) $ 317 $ (19) $ 938
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 749 808 838
Share-based compensation 42 30 48
Deferred income taxes (8) (84) (92)
Loss on extinguishment of debt     201
Non-cash lease expense 92 106 139
Other non-cash expense 6 30 12
Changes in operating assets and liabilities:      
Merchandise inventories 315 (116) (467)
Other current and long-term assets 11 87 569
Accounts payable (196) (353) 206
Accrued and other long-term liabilities (67) (99) 21
Operating lease liabilities (93) (108) (142)
Net cash provided by operating activities 1,168 282 2,271
Investing activities      
Acquisition of property and equipment (577) (826) (605)
Proceeds from sale of real estate 26 43 35
Other (11)    
Net cash used in investing activities (562) (783) (570)
Financing activities      
Proceeds from issuance of debt     500
Net borrowings under revolving credit facility 7 85  
Deferred financing costs   (6) (8)
Treasury stock purchases   (658) (1,355)
Shares withheld for taxes on vested restricted shares (16) (21) (27)
Dividends paid (220) (239) (147)
Repayment of long-term borrowings (275)   (1,044)
Premium paid on redemption of debt     (192)
Finance lease and financing obligation payments (93) (106) (125)
Proceeds from financing obligations 21 11 15
Proceeds from stock option exercises   1 1
Other     (3)
Net cash used in financing activities (576) (933) (2,385)
Net increase (decrease) in cash and cash equivalents 30 (1,434) (684)
Cash and cash equivalents at beginning of period 153 1,587 2,271
Cash and cash equivalents at end of period 183 153 1,587
Supplemental information      
Interest paid, net of capitalized interest 331 284 246
Income taxes paid $ 69 $ 111 $ 370