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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jul. 29, 2017
Jul. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (7) $ (866)
Adjustments to reconcile net loss to net cash used in operating activities:    
Deferred tax valuation allowance (200) (37)
Depreciation and amortization 170 187
Impairment charges 20 15
Gain on sales of assets (1,121) (115)
Pension and postretirement plan contributions (134) (148)
Pension plan settlements 200 0
Mark-to-market adjustments of financial instruments 17 13
Amortization of deferred gain on sale-leaseback (40) (44)
Amortization of debt issuance costs and accretion of debt discount 62 37
Other (36) 0
Change in operating assets and liabilities (net of acquisitions and dispositions):    
Deferred income taxes 99 36
Merchandise inventories 509 488
Merchandise payables (378) (229)
Income and other taxes (24) 49
Other operating assets 52 (14)
Other operating liabilities (327) (12)
Net cash used in operating activities (1,138) (640)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sales of property and investments 569 214
Proceeds from Craftsman Sale 572 0
Proceeds from sales of receivables [1] 293 0
Purchases of property and equipment (41) (75)
Net cash provided by investing activities 1,393 139
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from debt issuances [2] 330 1,228
Repayments of debt [3] (717) (35)
Increase (decrease) in short-term borrowings, primarily 90 days or less 216 (633)
Proceeds from sale-leaseback financing 89 0
Debt issuance costs [4] (17) (21)
Net cash (used in) provided by financing activities (99) 539
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 156 38
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH BEGINNING OF YEAR 286 238
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH END OF PERIOD 442 276
Supplemental Cash Flow Data:    
Income taxes paid, net of refunds 28 15
Cash interest paid [5] 196 119
Unpaid liability to acquire equipment and software $ 6 $ 15
[1] Proceeds in 2017 include $63 million from JPP, LLC and JPP II, LLC, entities affiliated with ESL (as defined in Note 1), for the sale of receivables.
[2] Proceeds in 2017 include $245 million from related parties in connection with the Line of Credit Loans. Proceeds in 2016 include $496 million from related parties in connection with the 2016 Term Loan and 2016 Secured Loan Facility. See Notes 2 and 11 for further information.
[3] Repayments in 2017 include $183 million to related parties in connection with the 2017 Secured Loan Facility, 2016 Secured Loan Facility and 2016 Term Loan. See Notes 2 and 11 for further information.
[4] Includes a one-time extension fee equal to $4 million to JPP, LLC and JPP II, LLC, entities affiliated with ESL (as defined in Note 1) during the 26 weeks ended July 29, 2017. See Note 2 for further information.
[5] Cash interest paid includes $82 million and $36 million interest paid to related parties related to our borrowings during the 26 weeks ended July 29, 2017 and July 30, 2016, respectively. See Notes 2 and 11 for further information.