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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
May 03, 2024
May 05, 2023
Cash flows from operating activities:    
Net earnings $ 1,755 $ 2,260
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 486 465
Noncash lease expense 131 108
Deferred income taxes 135 102
(Gain)/loss on property and other assets – net (7) 11
Gain on sale of business 0 (67)
Share-based payment expense 55 59
Changes in operating assets and liabilities:    
Merchandise inventory – net (1,330) (990)
Other operating assets (86) 157
Accounts payable 3,033 1,361
Other operating liabilities 90 (1,360)
Net cash provided by operating activities 4,262 2,106
Cash flows from investing activities:    
Purchases of investments (277) (450)
Proceeds from sale/maturity of investments 266 412
Capital expenditures (382) (380)
Proceeds from sale of property and other long-term assets 15 8
Proceeds from sale of business 0 123
Other – net 0 (17)
Net cash used in investing activities (378) (304)
Cash flows from financing activities:    
Net change in commercial paper 0 (427)
Net proceeds from issuance of debt 0 2,983
Repayment of debt (22) (22)
Proceeds from issuance of common stock under share-based payment plans 15 5
Cash dividend payments (633) (633)
Repurchases of common stock (923) (2,106)
Other – net (5) 0
Net cash used in financing activities (1,568) (200)
Net increase in cash and cash equivalents 2,316 1,602
Cash and cash equivalents, beginning of period 921 1,348
Cash and cash equivalents, end of period $ 3,237 $ 2,950