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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Feb. 01, 2025
Feb. 03, 2024
Jan. 28, 2023
Cash flows from operating activities:      
Net income $ 582 $ 45 $ 1,146
Adjustments to reconcile net income to net cash provided by operating activities:      
Impairment, restructuring and other costs 171 1,027 41
Settlement charges 46 134 39
Depreciation and amortization 881 897 857
Benefit plans 2 4 17
Stock-based compensation expense 58 47 54
Gains on sale of real estate (144) (61) (89)
Deferred income taxes (52) (244) (38)
Amortization of financing costs and premium on acquired debt 11 10 11
Changes in assets and liabilities:      
Decrease (increase) in receivables 2 7 (3)
(Increase) decrease in merchandise inventories (51) (99) 116
Decrease (increase) in prepaid expenses and other current assets 11 18 (66)
Decrease in merchandise accounts payable (11) (113) (129)
Decrease in accounts payable and accrued liabilities (49) (266) (133)
(Decrease) increase in current income taxes (69) 3 (85)
Change in other assets and liabilities (110) (104) (123)
Net cash provided by operating activities 1,278 1,305 1,615
Cash flows from investing activities:      
Purchase of property and equipment (518) (631) (888)
Capitalized software (364) (362) (407)
Proceeds from disposition of assets, net 283 86 137
Other, net 7 (6) (11)
Net cash used by investing activities (592) (913) (1,169)
Cash flows from financing activities:      
Debt issued 301 961 2,809
Debt issuance costs (1) (1) (21)
Debt repaid (524) (963) (3,100)
Debt repurchase premium and expenses 1 0 (29)
Dividends paid (192) (181) (173)
Increase (decrease) in outstanding checks 3 2 (181)
Acquisition of treasury stock (1) (38) (601)
Net cash used by financing activities (413) (220) (1,296)
Net increase (decrease) in cash, cash equivalents and restricted cash 273 172 (850)
Cash, cash equivalents and restricted cash beginning of period 1,037 865 1,715
Cash, cash equivalents and restricted cash end of period 1,310 1,037 865
Supplemental cash flow information:      
Interest paid 155 157 188
Interest received 40 38 9
Income taxes paid, net 304 240 455
Restricted cash, end of period $ 4 $ 3 $ 3