XML 44 R9.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements Of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Jan. 31, 2015
Feb. 01, 2014
Feb. 02, 2013
Operating Activities      
Net earnings $ 720us-gaap_NetIncomeLoss $ 734us-gaap_NetIncomeLoss $ 735us-gaap_NetIncomeLoss
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization expenses 508us-gaap_DepreciationDepletionAndAmortization 454us-gaap_DepreciationDepletionAndAmortization 429us-gaap_DepreciationDepletionAndAmortization
Amortization of deferred property incentives and other, net (76)jwn_AmortizationOfDeferredPropertyIncentivesAndOtherNet (58)jwn_AmortizationOfDeferredPropertyIncentivesAndOtherNet (63)jwn_AmortizationOfDeferredPropertyIncentivesAndOtherNet
Deferred income taxes, net 7us-gaap_DeferredIncomeTaxExpenseBenefit 12us-gaap_DeferredIncomeTaxExpenseBenefit 22us-gaap_DeferredIncomeTaxExpenseBenefit
Stock-based compensation expense 68us-gaap_ShareBasedCompensation 58us-gaap_ShareBasedCompensation 53us-gaap_ShareBasedCompensation
Tax benefit from stock-based compensation 20us-gaap_DeferredTaxExpenseFromStockOptionsExercised 21us-gaap_DeferredTaxExpenseFromStockOptionsExercised 23us-gaap_DeferredTaxExpenseFromStockOptionsExercised
Excess tax benefit from stock-based compensation (22)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (23)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (24)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Bad debt expense 41us-gaap_ProvisionForDoubtfulAccounts 52us-gaap_ProvisionForDoubtfulAccounts 42us-gaap_ProvisionForDoubtfulAccounts
Change in operating assets and liabilities:      
Accounts receivable (161)us-gaap_IncreaseDecreaseInReceivables (93)us-gaap_IncreaseDecreaseInReceivables (99)us-gaap_IncreaseDecreaseInReceivables
Merchandise inventories (176)us-gaap_IncreaseDecreaseInInventories (157)us-gaap_IncreaseDecreaseInInventories (170)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other assets (4)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (6)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 5us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable 15us-gaap_IncreaseDecreaseInAccountsPayable 167us-gaap_IncreaseDecreaseInAccountsPayable 48us-gaap_IncreaseDecreaseInAccountsPayable
Accrued salaries, wages and related benefits 18us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities (12)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities 13us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Other current liabilities 155us-gaap_IncreaseDecreaseInOtherCurrentLiabilities 60us-gaap_IncreaseDecreaseInOtherCurrentLiabilities 36us-gaap_IncreaseDecreaseInOtherCurrentLiabilities
Deferred property incentives 110jwn_IncreaseDecreaseInDeferredPropertyIncentives 89jwn_IncreaseDecreaseInDeferredPropertyIncentives 58jwn_IncreaseDecreaseInDeferredPropertyIncentives
Other liabilities (3)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities 22us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities 2us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities
Net cash provided by operating activities 1,220us-gaap_NetCashProvidedByUsedInOperatingActivities 1,320us-gaap_NetCashProvidedByUsedInOperatingActivities 1,110us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing Activities      
Capital expenditures (861)us-gaap_PaymentsToAcquireProductiveAssets (803)us-gaap_PaymentsToAcquireProductiveAssets (513)us-gaap_PaymentsToAcquireProductiveAssets
Change in restricted cash 0us-gaap_IncreaseDecreaseInRestrictedCash 0us-gaap_IncreaseDecreaseInRestrictedCash 200us-gaap_IncreaseDecreaseInRestrictedCash
Change in credit card receivables originated at third parties (8)us-gaap_PaymentsForProceedsFromLoansReceivable (6)us-gaap_PaymentsForProceedsFromLoansReceivable (42)us-gaap_PaymentsForProceedsFromLoansReceivable
Other, net (20)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (13)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (14)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities (889)us-gaap_NetCashProvidedByUsedInInvestingActivities (822)us-gaap_NetCashProvidedByUsedInInvestingActivities (369)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing Activities      
Proceeds from long-term borrowings, net of discounts 34us-gaap_ProceedsFromIssuanceOfLongTermDebt 399us-gaap_ProceedsFromIssuanceOfLongTermDebt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt
Principal payments on long-term borrowings (7)us-gaap_RepaymentsOfLongTermDebt (407)us-gaap_RepaymentsOfLongTermDebt (506)us-gaap_RepaymentsOfLongTermDebt
(Decrease) increase in cash book overdrafts (4)us-gaap_ProceedsFromRepaymentsOfBankOverdrafts 47us-gaap_ProceedsFromRepaymentsOfBankOverdrafts 5us-gaap_ProceedsFromRepaymentsOfBankOverdrafts
Cash dividends paid (251)us-gaap_PaymentsOfDividendsCommonStock (234)us-gaap_PaymentsOfDividendsCommonStock (220)us-gaap_PaymentsOfDividendsCommonStock
Payments for repurchase of common stock (610)us-gaap_PaymentsForRepurchaseOfCommonStock (515)us-gaap_PaymentsForRepurchaseOfCommonStock (725)us-gaap_PaymentsForRepurchaseOfCommonStock
Proceeds from issuances under stock compensation plans 141us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 103us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 91us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
Excess tax benefit from stock-based compensation 22us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 23us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 24us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Other, net (23)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (5)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (2)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash used in financing activities (698)us-gaap_NetCashProvidedByUsedInFinancingActivities (589)us-gaap_NetCashProvidedByUsedInFinancingActivities (1,333)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net decrease in cash and cash equivalents (367)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (91)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (592)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 1,194us-gaap_CashAndCashEquivalentsAtCarryingValue 1,285us-gaap_CashAndCashEquivalentsAtCarryingValue 1,877us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 827us-gaap_CashAndCashEquivalentsAtCarryingValue 1,194us-gaap_CashAndCashEquivalentsAtCarryingValue 1,285us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the year for:      
Income taxes, net of refunds 391us-gaap_IncomeTaxesPaidNet 445us-gaap_IncomeTaxesPaidNet 429us-gaap_IncomeTaxesPaidNet
Interest, net of capitalized interest 152us-gaap_InterestPaidNet 170us-gaap_InterestPaidNet 169us-gaap_InterestPaidNet
Non-cash investing and financing activities:      
Issuance of common stock for Trunk Club acquisition 280us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1 0us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1 0us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1
Debt exchange $ 0us-gaap_DebtConversionConvertedInstrumentAmount1 $ 201us-gaap_DebtConversionConvertedInstrumentAmount1 $ 0us-gaap_DebtConversionConvertedInstrumentAmount1