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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Feb. 02, 2024
Feb. 03, 2023
Jan. 28, 2022
Cash flows from operating activities:      
Net earnings $ 7,726 $ 6,437 $ 8,442
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 1,923 1,981 1,882
Noncash lease expense 499 530 517
Deferred income taxes 6 (239) 135
Asset impairment and loss on property - net 83 2,118 34
(Gain)/loss on sale of business (79) 421 0
Share-based payment expense 210 223 230
Changes in operating assets and liabilities:      
Merchandise inventory – net 1,637 (2,594) (1,413)
Other operating assets 182 56 (23)
Accounts payable (1,820) (549) 466
Deferred revenue (170) (183) 413
Other operating liabilities (2,057) 388 (570)
Net cash provided by operating activities 8,140 8,589 10,113
Cash flows from investing activities:      
Purchases of investments (1,785) (1,189) (3,065)
Proceeds from sale/maturity of investments 1,722 1,174 3,293
Capital expenditures (1,964) (1,829) (1,853)
Proceeds from sale of property and other long-term assets 53 45 113
Proceeds from sale of business 100 491 0
Other – net (27) (1) (134)
Net cash used in investing activities (1,901) (1,309) (1,646)
Cash flows from financing activities:      
Net change in commercial paper (499) 499 0
Net proceeds from issuance of debt 2,983 9,667 4,972
Repayment of debt (601) (867) (2,118)
Proceeds from issuance of common stock under share-based payment plans 141 151 132
Cash dividend payments (2,531) (2,370) (1,984)
Repurchases of common stock (6,138) (14,124) (13,012)
Other – net (21) (5) (6)
Net cash used in financing activities (6,666) (7,049) (12,016)
Effect of exchange rate changes on cash 0 (16) (8)
Net (decrease)/increase in cash and cash equivalents (427) 215 (3,557)
Cash and cash equivalents, beginning of year 1,348 1,133 4,690
Cash and cash equivalents, end of year $ 921 $ 1,348 $ 1,133