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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 31, 2020
Feb. 01, 2019
Feb. 02, 2018
Cash flows from operating activities:      
Net earnings $ 4,281 $ 2,314 $ 3,447
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 1,410 1,607 1,540
Noncash lease expense 468 0 0
Deferred income taxes 177 (151) 53
Loss on property and other assets - net 117 630 40
Impairment of goodwill 0 952 0
Loss on extinguishment of debt 0 0 464
Loss/(gain) on cost method and equity method investments 12 9 (82)
Share-based payment expense 98 74 99
Changes in operating assets and liabilities:      
Merchandise inventory – net (600) (1,289) (791)
Other operating assets (376) (110) 250
Accounts payable (637) 1,720 (92)
Other operating liabilities (654) 437 137
Net cash provided by operating activities 4,296 6,193 5,065
Cash flows from investing activities:      
Purchases of investments (743) (1,373) (981)
Proceeds from sale/maturity of investments 695 1,393 1,114
Capital expenditures (1,484) (1,174) (1,123)
Proceeds from sale of property and other long-term assets 163 76 45
Acquisition of business - net 0 0 (509)
Other – net 0 (2) 13
Net cash used in investing activities (1,369) (1,080) (1,441)
Cash flows from financing activities:      
Net change in commercial paper 220 (415) 625
Net proceeds from issuance of debt 3,972 0 2,968
Repayment of long-term debt (1,113) (326) (2,849)
Proceeds from issuance of common stock under share-based payment plans 118 114 139
Cash dividend payments (1,618) (1,455) (1,288)
Repurchase of common stock (4,313) (3,037) (3,192)
Other – net (1) (5) (10)
Net cash used in financing activities (2,735) (5,124) (3,607)
Effect of exchange rate changes on cash 1 (12) 13
Net increase/(decrease) in cash and cash equivalents, including cash classified within current assets held for sale 193 (23) 30
Less: Net increase/(decrease) in cash classified within current assets held for sale 12 (54) 0
Net increase/(decrease) in cash and cash equivalents 205 (77) 30
Cash and cash equivalents, beginning of year 511 588 558
Cash and cash equivalents, end of year $ 716 $ 511 $ 588