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CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Apr. 29, 2023
Apr. 30, 2022
Operating Activities:    
Net Income $ 4 $ 76
Adjustments to Reconcile Net Income to Net Cash Used for Operating Activities:    
Depreciation and Amortization of Long-lived Assets 73 70
Share-based Compensation Expense 14 12
Deferred Income Taxes 10 5
Amortization of Fair Value Adjustment to Acquired Inventories 9 0
Changes in Assets and Liabilities:    
Accounts Receivable 14 10
Inventories 2 (98)
Accounts Payable, Accrued Expenses and Other (180) (200)
Income Taxes (18) (12)
Other Assets and Liabilities (36) (9)
Net Cash Used for Operating Activities (108) (146)
Investing Activities:    
Capital Expenditures (55) (21)
Investment in Frankies Bikinis, LLC 0 (18)
Other Investing Activities 0 (9)
Net Cash Used for Investing Activities (55) (48)
Financing Activities:    
Repurchases of Common Stock (125) (109)
Borrowings from Asset-based Revolving Credit Facility 15 0
Repayments of Borrowings from Asset-based Revolving Credit Facility 15 0
Tax Payments related to Share-based Awards (9) (38)
Proceeds from Stock Option Exercises 3 3
Payments of Long-term Debt (1) (1)
Cash Received from Noncontrolling Interest Partner 0 55
Other Financing Activities 0 (1)
Net Cash Used for Financing Activities (132) (91)
Effects of Exchange Rate Changes on Cash and Cash Equivalents 0 (1)
Net Decrease in Cash and Cash Equivalents (295) (286)
Cash and Cash Equivalents, Beginning of Period 427 490
Cash and Cash Equivalents, End of Period $ 132 $ 204