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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Aug. 03, 2024
Jul. 29, 2023
Cash flows from operating activities:    
Net income $ 212 $ 133
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment, restructuring and other costs 19 6
Settlement charges 0 122
Depreciation and amortization 429 433
Stock-based compensation expense 28 30
Gains on sale of real estate (37) (15)
Benefit plans 1 3
Amortization of financing costs and premium on acquired debt 5 5
Deferred income taxes (35) (46)
Changes in assets and liabilities:    
Decrease in receivables 25 77
Decrease in merchandise inventories 39 138
(Increase) decrease in prepaid expenses and other current assets (10) 10
Decrease in merchandise accounts payable (32) (53)
Decrease in accounts payable and accrued liabilities (369) (418)
Decrease in current income taxes (88) (121)
Change in other assets and liabilities (50) (33)
Net cash provided by operating activities 137 271
Cash flows from investing activities:    
Purchase of property and equipment (271) (390)
Capitalized software (161) (174)
Disposition of property and equipment 51 32
Other, net 8 1
Net cash used by investing activities (373) (531)
Cash flows from financing activities:    
Debt repaid (1) (1)
Dividends paid (96) (90)
Decrease in outstanding checks (55) (35)
Acquisition of treasury stock 0 (38)
Net cash used by financing activities (152) (164)
Net decrease in cash, cash equivalents and restricted cash (388) (424)
Cash, cash equivalents and restricted cash beginning of period 1,037 865
Cash, cash equivalents and restricted cash end of period 649 441
Supplemental cash flow information:    
Interest paid 79 82
Interest received 22 18
Income taxes paid, net of refunds received 203 215
Restricted cash, end of period $ 3 $ 3