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CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jul. 30, 2022
Jul. 31, 2021
Operating Activities:    
Net Income $ 143 $ 325
Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities:    
Depreciation of Long-lived Assets 140 158
Share-based Compensation Expense 26 15
Deferred Income Taxes (2) 59
Changes in Assets and Liabilities:    
Accounts Receivable 12 22
Inventories (138) (44)
Accounts Payable, Accrued Expenses and Other (137) (86)
Income Taxes (120) 12
Other Assets and Liabilities 25 (72)
Net Cash Provided by (Used for) Operating Activities (51) 389
Investing Activities:    
Capital Expenditures (58) (66)
Investment in Frankies Bikinis, LLC (18) 0
Other Investing Activities (7) 0
Net Cash Used for Investing Activities (83) (66)
Financing Activities:    
Repurchases of Common Stock (169) 0
Cash Received from Noncontrolling Interest Partner 55 0
Tax Payments related to Share-based Awards (39) 0
Proceeds from Stock Option Exercises 4 0
Payments of Long-term Debt (2) 0
Proceeds from Issuance of Long-term Debt 0 600
Net Transfers to Former Parent 0 (367)
Other Financing Activities (2) 0
Net Cash Provided by (Used for) Financing Activities (153) 233
Effects of Exchange Rate Changes on Cash and Cash Equivalents and Restricted Cash (2) 2
Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash (289) 558
Cash and Cash Equivalents and Restricted Cash, Beginning of Period 490 335
Cash and Cash Equivalents and Restricted Cash, End of Period $ 201 $ 893