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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jul. 29, 2023
Jul. 30, 2022
Operating activities    
Net income $ 72 $ 157
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 374 406
Share-based compensation 20 26
Deferred income taxes (7) (12)
Non-cash lease expense 48 56
Other non-cash items (2) 5
Changes in operating assets and liabilities:    
Merchandise inventories (283) (964)
Other current and long-term assets 61 (29)
Accounts payable 46 (185)
Accrued and other long-term liabilities (52) 51
Operating lease liabilities (49) (57)
Net cash provided by (used in) operating activities 228 (546)
Investing activities    
Acquisition of property and equipment (338) (548)
Proceeds from sale of real estate 4 4
Other (1)  
Net cash used in investing activities (335) (544)
Financing activities    
Net borrowings under revolving credit facility 475 79
Treasury stock purchases   (158)
Shares withheld for taxes on vested restricted shares (13) (20)
Dividends paid (110) (127)
Repayment of long-term borrowings (164)  
Finance lease and financing obligation payments (47) (55)
Proceeds from financing obligations 17 5
Proceeds from stock option exercises   1
Net cash used in provided by (used in) financing activities 158 (275)
Net increase (decrease) in cash and cash equivalents 51 (1,365)
Cash and cash equivalents at beginning of period 153 1,587
Cash and cash equivalents at end of period 204 222
Supplemental information    
Interest paid, net of capitalized interest 169 137
Income taxes paid $ 6 $ 49