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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Oct. 27, 2024
Oct. 29, 2023
Cash Flows From Operating Activities:    
Net income $ 367 $ 455
Adjustments to reconcile net cash from operating activities:    
Depreciation and amortization 144 114
Equity-based compensation expense 11 8
Deferred income tax expense 9 6
Other 10 5
Changes in assets and liabilities:    
(Increase) decrease in receivables (316) (236)
(Increase) decrease in inventories (77) 256
(Increase) decrease in other assets (8) 1
Increase (decrease) in accounts payable 235 157
Increase (decrease) in accrued liabilities 11 9
Cash Flows From Investing Activities:    
Capital expenditures (24) (34)
Acquisitions of businesses, net of cash acquired (722) (151)
Other (11) 3
Cash Flows From Financing Activities:    
Repurchase and retirement of equity interests (121) (618)
Distributions to non-controlling interest holders (9) (33)
Payments pursuant to Tax Receivable Agreements (11) (5)
Borrowings on asset-based revolving credit facility 715 235
Repayments on asset-based revolving credit facility (910) (235)
Issuance of long-term debt 750 0
Repayments of long-term debt (17) (11)
Payment of contingent consideration (14) 0
Other (3) (2)
Net cash provided by operating activities 386 775
Net cash used in investing activities (757) (182)
Net cash provided by (used in) financing activities 380 (669)
Increase (decrease) in cash and cash equivalents 9 (76)
Cash and cash equivalents at the beginning of the period 1 177
Cash and cash equivalents at the end of the period 10 101
Cash paid for interest (excluding effects of interest rate swap) 141 89
Cash paid for taxes $ 107 $ 82