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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jan. 28, 2023
Jan. 29, 2022
Jan. 30, 2021
Operating activities      
Net (loss) income $ (19) $ 938 $ (163)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 808 838 874
Share-based compensation 30 48 40
Deferred income taxes (84) (92) 18
Impairments, store closing, and other costs     64
(Gain) on sale of real estate     (127)
Loss on extinguishment of debt   201  
Non-cash inventory costs     187
Non-cash lease expense 106 139 149
Other non-cash expense 30 12 22
Changes in operating assets and liabilities:      
Merchandise inventories (116) (467) 768
Other current and long-term assets 87 569 (813)
Accounts payable (353) 206 270
Accrued and other long-term liabilities (99) 21 199
Operating lease liabilities (108) (142) (150)
Net cash provided by operating activities 282 2,271 1,338
Investing activities      
Acquisition of property and equipment (826) (605) (334)
Proceeds from sale of real estate 43 35 197
Net cash used in investing activities (783) (570) (137)
Financing activities      
Proceeds from issuance of debt   500 2,097
Net borrowings under credit facilities 85    
Deferred financing costs (6) (8) (19)
Treasury stock purchases (658) (1,355) (8)
Shares withheld for taxes on vested restricted shares (21) (27) (22)
Dividends paid (239) (147) (108)
Reduction of long-term borrowing   (1,044) (1,497)
Premium paid on redemption of debt   (192)  
Finance lease and financing obligation payments (106) (125) (105)
Proceeds from financing obligations 11 15 9
Proceeds from stock option exercises 1 1  
Other   (3)  
Net cash (used in) provided by financing activities (933) (2,385) 347
Net (decrease) increase in cash and cash equivalents (1,434) (684) 1,548
Cash and cash equivalents at beginning of period 1,587 2,271 723
Cash and cash equivalents at end of period 153 1,587 2,271
Supplemental information      
Interest paid, net of capitalized interest 284 246 254
Income taxes paid $ 111 $ 370 $ 419