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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Feb. 01, 2025
Feb. 03, 2024
Jan. 28, 2023
Operating activities      
Net income (loss) $ 109 $ 317 $ (19)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 743 749 808
Share-based compensation 30 42 30
Deferred income taxes (85) (8) (84)
Impairments, store closing, and other costs 36    
Non-cash lease expense 89 92 106
Other non-cash expense 1 6 30
Changes in operating assets and liabilities:      
Merchandise inventories (60) 315 (116)
Other current and long-term assets (50) 11 87
Accounts payable (92) (196) (353)
Accrued and other long-term liabilities 20 (67) (99)
Operating lease liabilities (93) (93) (108)
Net cash provided by operating activities 648 1,168 282
Investing activities      
Acquisition of property and equipment (466) (577) (826)
Proceeds from sale of real estate 6 26 43
Other (7) (11)  
Net cash used in investing activities (467) (562) (783)
Financing activities      
Net borrowings under revolving credit facility 198 7 85
Deferred financing costs 0   (6)
Treasury stock purchases 0   (658)
Shares withheld for taxes on vested restricted shares (10) (16) (21)
Dividends paid (222) (220) (239)
Repayment of long-term borrowings (113) (275)  
Premium paid on redemption of debt (5)    
Finance lease and financing obligation payments (79) (93) (106)
Proceeds from financing obligations 1 21 11
Proceeds from stock option exercises 0   1
Net cash used in financing activities (230) (576) (933)
Net (decrease) increase in cash and cash equivalents (49) 30 (1,434)
Cash and cash equivalents at beginning of period 183 153 1,587
Cash and cash equivalents at end of period 134 183 153
Supplemental information      
Interest paid, net of capitalized interest 312 331 284
Income taxes paid $ 78 $ 69 $ 111