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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jul. 31, 2022
Aug. 01, 2021
Cash Flows From Operating Activities:    
Net income $ 319 $ 37
Adjustments to reconcile net cash from operating activities:    
Depreciation and amortization 73 75
Provision for bad debt 3 1
Equity-based compensation expense 7 20
Loss on debt modification and extinguishment 0 48
Other (8) (4)
Changes in assets and liabilities:    
(Increase) decrease in receivables (376) (277)
(Increase) decrease in inventories (298) (209)
(Increase) decrease in other assets (7) 0
Increase (decrease) in accounts payable 217 239
Increase (decrease) in accrued liabilities 9 (24)
Increase (decrease) in other liabilities 1 (5)
Net cash used in operating activities (60) (99)
Cash Flows From Investing Activities:    
Capital expenditures (15) (8)
Acquisitions of businesses, net of cash acquired (42) 0
Settlement of interest rate swap 0 (5)
Proceeds from the sale of property and equipment 1 0
Net cash used in investing activities (56) (13)
Cash Flows From Financing Activities:    
IPO proceeds, net of underwriting discounts and commissions 0 664
Payments for offering costs 0 (4)
Distributions to non-controlling interest holders (17) (20)
Borrowings on asset-based revolving credit facility 214 0
Repayments on asset-based revolving credit facility (72) 0
Issuance of long-term debt 0 1,500
Repayments of long-term debt (8) (2,311)
Payment of debt redemption premiums 0 (18)
Debt issuance costs (2) (13)
Net cash provided by (used in) financing activities 115 (202)
Decrease in cash and cash equivalents (1) (314)
Cash and cash equivalents at the beginning of the period 1 381
Cash and cash equivalents at the end of the period 0 67
Cash paid for interest 27 102
Cash paid for taxes $ 62 $ 15