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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Dec. 03, 2022
Dec. 04, 2021
Cash flows from operating activities:    
Net income $ 1,202.4 $ 1,164.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on property dispositions and impairment losses, net (86.1) (13.3)
Depreciation and amortization 1,380.9 1,273.2
Operating lease right-of-use assets amortization 500.7 478.2
LIFO expense 181.4 58.6
Deferred income tax 101.3 99.4
Contributions to pension and post-retirement benefit plans, net of (income) expense (34.9) (73.6)
Gain on interest rate swaps and energy hedges, net (12.9) (8.8)
Deferred financing costs 13.0 16.0
Loss on debt extinguishment 0.0 3.7
Equity-based compensation expense 96.6 75.4
Other 1.9 (48.7)
Changes in operating assets and liabilities:    
Receivables, net (143.8) (69.6)
Inventories, net (735.4) (427.4)
Accounts payable, accrued salaries and wages and other accrued liabilities 33.6 627.6
Operating lease liabilities (412.0) (388.2)
Self-insurance assets and liabilities 49.6 34.7
Other operating assets and liabilities (64.3) (18.9)
Net cash provided by operating activities 2,072.0 2,782.8
Cash flows from investing activities:    
Business acquisitions, net of cash acquired 0.0 (25.4)
Payments for property, equipment and intangibles, including payments for lease buyouts (1,566.9) (1,216.4)
Proceeds from sale of long-lived assets 99.4 37.8
Other investing activities (11.2) 26.9
Net cash used in investing activities (1,478.7) (1,177.1)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt, including ABL facility 1,400.0 0.0
Payments on long-term borrowings, including ABL facility (200.5) (330.6)
Payments of obligations under finance leases (46.4) (50.6)
Payment of redemption premium on debt extinguishment 0.0 (2.9)
Dividends paid on common stock (190.9) (149.0)
Dividends paid on convertible preferred stock (50.2) (88.6)
Employee tax withholding on vesting of restricted stock units (42.9) (28.7)
Other financing activities 5.3 (11.3)
Net cash provided by (used in) financing activities 874.4 (661.7)
Net increase in cash and cash equivalents and restricted cash 1,467.7 944.0
Cash and cash equivalents and restricted cash at beginning of period 2,952.6 1,767.6
Cash and cash equivalents and restricted cash at end of period $ 4,420.3 $ 2,711.6