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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Feb. 01, 2020
Feb. 02, 2019
Feb. 03, 2018
Operating activities      
Net income $ 691 $ 801 $ 859
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 917 964 991
Share-based compensation 56 87 55
Deferred income taxes 51 (31) (61)
Impairments, store closing and other costs 64 72  
(Gain) loss on extinguishment of debt (9) 63  
Non-cash lease expense 150    
Other non-cash expense 11 18 2
Changes in operating assets and liabilities:      
Merchandise inventories (51) 79 264
Other current and long-term assets 24 72 (81)
Accounts payable 19 (84) (236)
Accrued and other long-term liabilities (117) 67 (52)
Income taxes 7 (1) (50)
Operating lease liabilities (156)    
Net cash provided by operating activities 1,657 2,107 1,691
Investing activities      
Acquisition of property and equipment (855) (578) (672)
Other 18 6 23
Net cash used in investing activities (837) (572) (649)
Financing activities      
Treasury stock purchases (470) (396) (306)
Shares withheld for taxes on vested restricted shares (31) (34) (14)
Dividends paid (423) (400) (368)
Reduction of long-term borrowing (6) (943)  
Premium paid on redemption of debt   (46)  
Finance lease and financing obligation payments (113) (126) (138)
Proceeds from stock option exercises 1 36 18
Proceeds from financing obligations 11    
Net cash used in financing activities (1,031) (1,909) (808)
Net (decrease) increase in cash and cash equivalents (211) (374) 234
Cash and cash equivalents at beginning of period 934 1,308 1,074
Cash and cash equivalents at end of period 723 934 1,308
Supplemental information      
Interest paid, net of capitalized interest 193 282 297
Income taxes paid 172 308 272
Property and equipment acquired through:      
Finance lease liabilities 236 37 30
Operating lease liabilities $ 106    
Financing obligations   $ 4 $ 12