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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Aug. 03, 2019
Aug. 04, 2018
Operating activities    
Net income $ 303 $ 368
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 458 483
Share-based compensation 27 50
Deferred income taxes 41 (25)
Impairments, store closing and other costs 45  
Loss on extinguishment of debt   42
Non-cash lease expense 75  
Other non-cash expenses 3 13
Changes in operating assets and liabilities:    
Merchandise inventories (175) (24)
Accrued and other long-term liabilities (177) (88)
Accounts payable 143 133
Other current and long-term assets 29 89
Income taxes (8) 6
Operating lease liabilities (88)  
Net cash provided by operating activities 676 1,047
Investing activities    
Acquisition of property and equipment (439) (312)
Other   6
Net cash used in investing activities (439) (306)
Financing activities    
Treasury stock purchases (254) (165)
Shares withheld for taxes on vested restricted shares (27) (21)
Dividends paid (214) (202)
Reduction of long-term borrowings (6) (528)
Premium paid on redemption of debt   (35)
Finance lease and financing obligation payments (60) (64)
Proceeds from financing obligations 13  
Proceeds from stock option exercises 2 32
Net cash used in financing activities (546) (983)
Net decrease in cash and cash equivalents (309) (242)
Cash at beginning of period 934 1,308
Cash at end of period 625 1,066
Supplemental information    
Interest paid, net of capitalized interest 105 141
Income taxes paid 77 164
Property and equipment acquired through:    
Finance lease liabilities 73  
Operating lease liabilities $ 67  
Financing obligations   $ 7