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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jul. 30, 2023
Jul. 31, 2022
Adjustments to reconcile net cash from operating activities:    
Depreciation and amortization $ 75 $ 73
Equity-based compensation expense 5 7
Other 5 (5)
Changes in assets and liabilities:    
(Increase) decrease in receivables (253) (376)
(Increase) decrease in inventories 185 (298)
(Increase) decrease in other assets 0 (7)
Increase (decrease) in accounts payable 113 217
Increase (decrease) in accrued liabilities (26) 9
Increase (decrease) in other liabilities 1 1
Cash Flows From Investing Activities:    
Capital expenditures (15) (15)
Acquisitions of businesses, net of cash acquired (151) (42)
Proceeds from the sale of property and equipment 2 1
Cash Flows From Financing Activities:    
Repurchase and retirement of partnership interests (473) 0
Distributions to non-controlling interest holders (25) (17)
Payments pursuant to Tax Receivable Agreements 5 0
Proceeds, Issuance of Shares, Share-Based Payment Arrangement, Excluding Option Exercised 2 0
Payments for withholding tax on equity compensation plans (1) 0
Borrowings on asset-based revolving credit facility 235 214
Repayments on asset-based revolving credit facility (120) (72)
Repayments of long-term debt (8) (8)
Debt issuance costs 0 2
Net income 297 319
Net cash provided by (used in) operating activities 402 (60)
Net cash used in investing activities (164) (56)
Net cash (used in) provided by financing activities (395) 115
Decrease in cash and cash equivalents (157) (1)
Cash and cash equivalents at the beginning of the period 177 1
Cash and cash equivalents at the end of the period 20 0
Cash paid for interest (excluding effects of interest rate swap) 59 27
Cash paid for taxes $ 61 $ 62