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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Oct. 30, 2021
Oct. 31, 2020
Operating activities    
Net income (loss) $ 639 $ (506)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 631 656
Share-based compensation 35 26
Deferred income taxes (103) (181)
Impairments, store closing, and other costs   49
(Gain) on sale of real estate 0 (127)
Loss on extinguishment of debt 201 0
Non-cash inventory costs   187
Non-cash lease expense 107 111
Other non-cash expense 10 15
Changes in operating assets and liabilities:    
Merchandise inventories (1,044) (251)
Other current and long-term assets 574 (45)
Accounts payable 659 978
Accrued and other long-term liabilities 172 111
Operating lease liabilities (107) (113)
Net cash provided by operating activities 1,774 910
Investing activities    
Acquisition of property and equipment (426) (264)
Proceeds from sale of real estate 35 194
Net cash used in investing activities (391) (70)
Financing activities    
Proceeds from issuance of debt 500 2,097
Deferred financing costs (8) (19)
Treasury stock purchases (807) (8)
Shares withheld for taxes on vested restricted shares (26) (21)
Dividends paid (114) (108)
Reduction of long-term borrowings (1,044) (1,497)
Premium paid on redemption of debt (192)  
Finance lease and financing obligation payments (96) (72)
Proceeds from stock option exercises 1  
Proceeds from financing obligations 8 4
Other (3)  
Net cash (used in) provided by financing activities (1,781) 376
Net (decrease) increase in cash and cash equivalents (398) 1,216
Cash and cash equivalents at beginning of period 2,271 723
Cash and cash equivalents at end of period 1,873 1,939
Supplemental information    
Interest paid, net of capitalized interest 167 159
Income taxes paid $ 221 $ 138