XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Apr. 30, 2022
May 01, 2021
Operating Activities:    
Net Income $ 76 $ 174
Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities:    
Depreciation of Long-lived Assets 70 80
Share-based Compensation Expense 12 7
Deferred Income Taxes 5 34
Changes in Assets and Liabilities:    
Accounts Receivable 10 10
Inventories (98) (60)
Accounts Payable, Accrued Expenses and Other (200) (97)
Income Taxes (12) 14
Other Assets and Liabilities (9) (60)
Net Cash Provided by (Used for) Operating Activities (146) 102
Investing Activities:    
Capital Expenditures (21) (19)
Investment in Frankies Bikinis, LLC (18) 0
Other Investing Activities (9) 0
Net Cash Used for Investing Activities (48) (19)
Financing Activities:    
Repurchases of Common Stock (109) 0
Cash Received from Noncontrolling Interest Partner 55 0
Tax Payments related to Share-based Awards (38) 0
Proceeds from Stock Option Exercises 3 0
Payments of Long-term Debt (1) 0
Net Transfers to Former Parent 0 (88)
Other Financing Activities (1) 0
Net Cash Used for Financing Activities (91) (88)
Effects of Exchange Rate Changes on Cash and Cash Equivalents (1) 2
Net Decrease in Cash and Cash Equivalents (286) (3)
Cash and Cash Equivalents, Beginning of Period 490 335
Cash and Cash Equivalents, End of Period $ 204 $ 332