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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jan. 29, 2022
Jan. 30, 2021
Feb. 01, 2020
Operating activities      
Net income (loss) $ 938 $ (163) $ 691
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 838 874 917
Share-based compensation 48 40 56
Deferred income taxes (92) 18 51
Impairments, store closing, and other costs   64 64
(Gain) on sale of real estate   (127)  
Loss (gain) on extinguishment of debt 201   (9)
Non-cash inventory costs   187  
Non-cash lease expense 139 149 150
Other non-cash expense 12 22 11
Changes in operating assets and liabilities:      
Merchandise inventories (467) 768 (51)
Other current and long-term assets 569 (813) 48
Accounts payable 206 270 19
Accrued and other long-term liabilities 21 199 (134)
Operating lease liabilities (142) (150) (156)
Net cash provided by operating activities 2,271 1,338 1,657
Investing activities      
Acquisition of property and equipment (605) (334) (855)
Proceeds from sale of real estate 35 197  
Other     18
Net cash used in investing activities (570) (137) (837)
Financing activities      
Proceeds from issuance of debt 500 2,097  
Deferred financing costs (8) (19)  
Treasury stock purchases (1,355) (8) (470)
Shares withheld for taxes on vested restricted shares (27) (22) (31)
Dividends paid (147) (108) (423)
Reduction of long-term borrowing (1,044) (1,497) (6)
Premium paid on redemption of debt (192)    
Finance lease and financing obligation payments (125) (105) (113)
Proceeds from financing obligations 15 9 11
Proceeds from stock option exercises 1   1
Other (3)    
Net cash (used in) provided by financing activities (2,385) 347 (1,031)
Net (decrease) increase in cash and cash equivalents (684) 1,548 (211)
Cash and cash equivalents at beginning of period 2,271 723 934
Cash and cash equivalents at end of period 1,587 2,271 723
Supplemental information      
Interest paid, net of capitalized interest 246 254 193
Income taxes paid $ 370 $ 419 $ 172