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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Nov. 02, 2019
Nov. 03, 2018
Operating activities    
Net income $ 426 $ 529
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 687 725
Share-based compensation 47 71
Deferred income taxes 45 (13)
Impairments, store closing and other costs 45  
(Gain) loss on extinguishment of debt (9) 42
Non-cash lease expense 112  
Other non-cash (income) expenses (3) 15
Changes in operating assets and liabilities:    
Merchandise inventories (1,405) (1,293)
Other current and long-term assets 34 70
Accounts payable 1,266 1,312
Accrued and other long-term liabilities (26) 38
Income taxes (49) (73)
Operating lease liabilities (125)  
Net cash provided by operating activities 1,045 1,423
Investing activities    
Acquisition of property and equipment (678) (458)
Other 8 6
Net cash used in investing activities (670) (452)
Financing activities    
Treasury stock purchases (387) (275)
Shares withheld for taxes on vested restricted shares (32) (29)
Dividends paid (319) (301)
Reduction of long-term borrowings (6) (530)
Premium paid on redemption of debt   (35)
Finance lease and financing obligation payments (88) (95)
Proceeds from financing obligations 11  
Proceeds from stock option exercises 2 33
Net cash used in financing activities (819) (1,232)
Net decrease in cash and cash equivalents (444) (261)
Cash at beginning of period 934 1,308
Cash at end of period 490 1,047
Supplemental information    
Interest paid, net of capitalized interest 131 192
Income taxes paid 154 266
Property and equipment acquired through:    
Finance lease liabilities 163  
Operating lease liabilities $ 103  
Financing obligations   $ 20