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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Feb. 01, 2026
Feb. 02, 2025
Jan. 28, 2024
Cash Flows from Operating Activities:      
Net earnings $ 14,156 $ 14,806 $ 15,143
Reconciliation of net earnings to net cash provided by operating activities:      
Depreciation and amortization, excluding amortization of intangible assets 3,514 3,336 3,061
Intangible asset amortization 607 425 186
Stock-based compensation expense 522 442 380
Changes in receivables, net 107 174 134
Changes in merchandise inventories (1,498) (743) 4,137
Changes in other current assets 124 86 (184)
Changes in accounts payable and accrued expenses (1,058) 518 (1,411)
Changes in deferred revenue (61) (165) (318)
Changes in income taxes payable (698) 809 (25)
Changes in deferred income taxes 418 15 (245)
Other operating activities 192 107 314
Net cash provided by operating activities 16,325 19,810 21,172
Cash Flows from Investing Activities:      
Capital expenditures (3,679) (3,485) (3,226)
Payments for businesses acquired, net (5,410) (17,644) (1,514)
Other investing activities 109 98 11
Net cash used in investing activities (8,980) (21,031) (4,729)
Cash Flows from Financing Activities:      
Proceeds from short-term debt, net 4,148 316 0
Proceeds from long-term debt, net of discounts 2,161 10,010 1,995
Repayments of long-term debt (5,040) (1,536) (1,271)
Repurchases of common stock 0 (649) (7,951)
Proceeds from sales of common stock 314 395 323
Cash dividends (9,152) (8,929) (8,383)
Other financing activities (145) (301) (156)
Net cash used in financing activities (7,714) (694) (15,443)
Change in cash and cash equivalents (369) (1,915) 1,000
Effect of exchange rate changes on cash and cash equivalents 99 (186) 3
Cash and cash equivalents at beginning of year 1,659 3,760 2,757
Cash and cash equivalents at end of year 1,389 1,659 3,760
Supplemental Disclosures:      
Cash paid for interest, net of interest capitalized 2,405 2,199 1,809
Non-cash capital expenditures 272 250 364
Stock Issued $ 0 $ 321 $ 0