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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
May 01, 2022
May 02, 2021
Cash Flows From Operating Activities:    
Net income $ 137 $ 27
Adjustments to reconcile net cash from operating activities:    
Depreciation and amortization 36 38
Provision for bad debt 1 0
Equity-based compensation expense 3 1
Other (3) 0
Changes in assets and liabilities:    
(Increase) decrease in receivables (227) (159)
(Increase) decrease in inventories (207) (125)
(Increase) decrease in other assets (1) (2)
Increase (decrease) in accounts payable 251 206
Increase (decrease) in accrued liabilities (28) (34)
Increase (decrease) in other liabilities 1 4
Net cash used in operating activities (37) (44)
Cash Flows From Investing Activities:    
Capital expenditures (6) (4)
Acquisitions of businesses, net of cash acquired (6) 0
Proceeds from the sale of property and equipment 1 0
Net cash used in investing activities (11) (4)
Cash Flows From Financing Activities:    
Distributions to non-controlling interest holders (5) (10)
Borrowings on asset-based revolving credit facility 57 0
Repayments of long-term debt (4) (3)
Net cash provided by (used in) financing activities 48 (13)
Increase (decrease) in cash and cash equivalents 0 (61)
Cash and cash equivalents at the beginning of the period 1 381
Cash and cash equivalents at the end of the period 1 320
Cash paid for interest 12 50
Cash paid for taxes $ 28 $ 7