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CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Oct. 30, 2021
Oct. 31, 2020
Operating Activities:    
Net Income (Loss) $ 400 $ (355)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:    
Depreciation of Long-lived Assets 233 250
Asset Impairment Charges 0 214
Share-based Compensation Expense 24 20
Deferred Income Taxes 58 (144)
Gain from Hong Kong Store Closure and Lease Termination 0 (39)
Gain related to formation of U.K. Joint Venture 0 (30)
Changes in Assets and Liabilities:    
Accounts Receivable (4) 22
Inventories (318) (139)
Accounts Payable, Accrued Expenses and Other 163 149
Income Taxes 29 (3)
Other Assets and Liabilities (207) 116
Net Cash Provided by Operating Activities 378 61
Investing Activities:    
Capital Expenditures (117) (111)
Other Investing Activities 0 6
Net Cash Used for Investing Activities (117) (105)
Financing Activities:    
Proceeds from Issuance of Long-Term Debt, net of Issuance Costs and Discounts 982 0
Borrowings from Foreign Facilities 0 34
Repayments of Foreign Facilities 0 (91)
Tax Payments related to Share-based Awards (3) 0
Proceeds from Stock Option Exercises 3 0
Net Transfers from (to) Former Parent (1,253) 46
Other Financing Activities 5 0
Net Cash Used for Financing Activities (266) (11)
Effects of Exchange Rate Changes on Cash and Cash Equivalents 1 (1)
Net Decrease in Cash and Cash Equivalents (4) (56)
Cash and Cash Equivalents, Beginning of Period 335 245
Cash and Cash Equivalents, End of Period $ 331 $ 189