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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 30, 2023
May 01, 2022
Cash Flows From Operating Activities:    
Net income $ 133 $ 137
Adjustments to reconcile net cash from operating activities:    
Depreciation and amortization 37 36
Equity-based compensation expense 2 3
Other 0 (2)
Changes in assets and liabilities:    
(Increase) decrease in receivables (135) (227)
(Increase) decrease in inventories 35 (207)
(Increase) decrease in other assets (4) (1)
Increase (decrease) in accounts payable 98 251
Increase (decrease) in accrued liabilities (46) (28)
Increase (decrease) in other liabilities 0 1
Net cash provided by (used in) operating activities 120 (37)
Cash Flows From Investing Activities:    
Capital expenditures (10) (6)
Acquisitions of businesses, net of cash acquired (64) (6)
Proceeds from the sale of property and equipment 0 1
Net cash used in investing activities (74) (11)
Cash Flows From Financing Activities:    
Repurchase and retirement of partnership interests 332 0
Distributions to non-controlling interest holders (10) (5)
Payments pursuant to Tax Receivable Agreements 5 0
Payments for withholding tax on equity compensation plans 1 0
Borrowings on asset-based revolving credit facility 130 57
Repayments of long-term debt (4) (4)
Net cash (used in) provided by financing activities (222) 48
Decrease in cash and cash equivalents (176) 0
Cash and cash equivalents at the beginning of the period 177 1
Cash and cash equivalents at the end of the period 1 1
Cash paid for interest (excluding effects of interest rate swap) 28 12
Cash paid for taxes $ 27 $ 28