XML 41 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jul. 31, 2015
Jul. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 209.7 $ 249.7
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 98.4 97.2
Amortization of gain on sale-leasebacks (4.1) (4.7)
Excess tax benefits from share-based payment arrangements (2.1) (12.5)
Provision for inventories 13.7 14.7
Deferred income taxes (10.8) 19.6
Provision for pension/postretirement benefits 32.8 19.7
Share-based compensation expense 14.2 13.4
Impairment charge 9.6 0.0
Changes in assets and liabilities:    
Accounts receivable 9.9 (0.2)
Inventories (36.0) (213.3)
Prepaid expenses and other current assets (4.7) (23.3)
Accounts payable and accrued liabilities (28.0) (19.5)
Income taxes payable 5.7 28.3
Merchandise credits and deferred revenue 8.4 (5.1)
Other, net (6.8) (11.2)
Net cash provided by operating activities 309.9 152.8
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of marketable securities and short-term investments (52.3) (0.7)
Proceeds from sale of marketable securities and short-term investments 59.8 21.7
Capital expenditures (98.4) (91.1)
Proceeds from notes receivable 0.0 7.3
Net cash used in investing activities (90.9) (62.8)
CASH FLOWS FROM FINANCING ACTIVITIES:    
(Repayment of) proceeds from credit facility borrowings, net (28.1) 14.0
Proceeds from other credit facility borrowings 5.2 12.1
Repayment of other credit facility borrowings (11.3) (1.0)
Repurchase of Common Stock (55.8) (16.4)
Proceeds from exercised stock options 1.2 35.3
Excess tax benefits from share-based payment arrangements 2.1 12.5
Cash dividends on Common Stock (100.7) (92.9)
Distribution to non-controlling interest 0.0 (1.9)
Financing fees (0.2) (0.1)
Net cash used in financing activities (187.6) (38.4)
Effect of exchange rate changes on cash and cash equivalents (2.9) 0.8
Net increase in cash and cash equivalents 28.5 52.4
Cash and cash equivalents at beginning of year 730.0 345.8
Cash and cash equivalents at end of six months $ 758.5 $ 398.2