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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Nov. 01, 2025
Nov. 02, 2024
Operating activities    
Net income $ 147 $ 61
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 526 560
Share-based compensation 26 25
Deferred income taxes 50 (33)
Impairments, store closing, and other costs 11 0
Non-cash lease expense 65 67
Other non-cash items 3 2
Changes in operating assets and liabilities:    
Merchandise inventories (948) (1,216)
Other current and long-term assets 48 (75)
Accounts payable 800 739
Accrued and other long-term liabilities (26) (2)
Operating lease liabilities (72) (76)
Net cash provided by operating activities 630 52
Investing activities    
Acquisition of property and equipment (308) (367)
Proceeds from sale of real estate 37 2
Other 2 2
Net cash used in investing activities (269) (363)
Financing activities    
Proceeds from issuance of debt, net of discount 357 0
Deferred financing costs (11) 0
Net (repayments) borrowings under revolving credit facility (245) 657
Shares withheld for taxes on vested restricted shares (5) (10)
Dividends paid (42) (166)
Repayment of long-term borrowings (353) (113)
Premium paid on redemption of debt 0 (5)
Finance lease and financing obligation payments (62) (62)
Proceeds from financing obligations 10 1
Net cash (used in) provided by financing activities (351) 302
Net increase (decrease) in cash and cash equivalents 10 (9)
Cash and cash equivalents at beginning of period 134 183
Cash and cash equivalents at end of period 144 174
Supplemental information    
Interest paid, net of capitalized interest $ 195 $ 232