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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
May 04, 2019
May 05, 2018
Operating activities    
Net income $ 62 $ 75
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 230 243
Share-based compensation 15 30
Deferred income taxes 18 (12)
Impairments, store closing and other costs 49  
Loss on extinguishment of debt   42
Non-cash operating lease expense 37  
Other non-cash expenses 2 2
Changes in operating assets and liabilities:    
Merchandise inventories (202) (181)
Accrued and other long-term liabilities (141) (107)
Accounts payable 108 183
Other current and long-term assets 6 68
Income taxes 1 44
Operating lease liabilities (49)  
Net cash provided by operating activities 136 387
Investing activities    
Acquisition of property and equipment (238) (133)
Net cash used in investing activities (238) (133)
Financing activities    
Treasury stock purchases (121) (70)
Shares withheld for taxes on vested restricted shares (25) (17)
Dividends paid (108) (101)
Reduction of long-term borrowings (6) (500)
Premium paid on redemption of debt   (35)
Finance lease and financing obligation payments (31) (33)
Proceeds from stock option exercises 2 16
Net cash used in financing activities (289) (740)
Net decrease in cash and cash equivalents (391) (486)
Cash at beginning of period 934 1,308
Cash at end of period 543 822
Supplemental information    
Interest paid, net of capitalized interest 32 58
Income taxes paid 7 $ 15
Non-cash activities    
Property and equipment acquired through additional finance lease liabilities 10  
Operating lease assets acquired through additional operating lease liabilities $ 49