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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Nov. 02, 2024
Oct. 28, 2023
Operating activities    
Net income $ 61 $ 131
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 560 562
Share-based compensation 25 31
Deferred income taxes (33) (25)
Non-cash lease expense 67 70
Other non-cash items 2 13
Changes in operating assets and liabilities:    
Merchandise inventories (1,216) (1,046)
Other current and long-term assets (75) 66
Accounts payable 739 588
Accrued and other long-term liabilities (2) 58
Operating lease liabilities (76) (69)
Net cash provided by operating activities 52 379
Investing activities    
Acquisition of property and equipment (367) (495)
Proceeds from sale of real estate 2 15
Other 2 (11)
Net cash used in investing activities (363) (491)
Financing activities    
Net borrowings under revolving credit facility 657 540
Shares withheld for taxes on vested restricted shares (10) (13)
Dividends paid (166) (165)
Repayment of long-term borrowings (113) (164)
Premium paid on redemption of debt (5)  
Finance lease and financing obligation payments (62) (68)
Proceeds from financing obligations 1 19
Net cash provided by financing activities 302 149
Net (decrease) increase in cash and cash equivalents (9) 37
Cash and cash equivalents at beginning of period 183 153
Cash and cash equivalents at end of period 174 190
Supplemental information    
Interest paid, net of capitalized interest 232 229
Income taxes paid 63 41
Property and equipment acquired (disposed) through exchange of:    
Finance lease liabilities (74) (23)
Operating lease liabilities $ 78 $ 247