XML 19 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jul. 31, 2017
Jul. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 207.9 $ 193.2
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 101.8 105.0
Amortization of gain on sale-leasebacks (4.1) (4.3)
Provision for inventories 10.2 8.6
Deferred income taxes 0.8 (1.9)
Provision for pension/postretirement benefits 17.5 22.7
Share-based compensation expense 15.9 10.5
Gain on sale of marketable securities 0.8 0.0
Changes in assets and liabilities:    
Accounts receivable 14.0 (3.2)
Inventories (48.8) (62.9)
Prepaid expenses and other current assets (22.4) (1.8)
Accounts payable and accrued liabilities (28.2) (39.5)
Income taxes payable 30.0 (12.2)
Merchandise credits and deferred revenue 3.5 (4.2)
Other, net (10.4) (0.9)
Net cash provided by operating activities 286.9 209.1
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of marketable securities and short-term investments (270.2) (46.5)
Proceeds from sales of marketable securities and short-term investments 109.6 36.9
Capital expenditures (88.0) (101.4)
Proceeds from sale of notes receivable 1.7 0.0
Proceeds from notes receivable 1.8 0.0
Net cash used in investing activities (245.1) (111.0)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from (repayments of) credit facility borrowings, net 29.2 (5.9)
Proceeds from other credit facility borrowings 25.7 56.0
Repayment of other credit facility borrowings (57.3) (70.7)
Repurchase of Common Stock (32.5) (149.9)
Proceeds from exercised stock options 10.7 11.0
Payments related to tax withholding for share-based payment arrangements (7.2) (2.6)
Cash dividends on Common Stock (118.3) (106.7)
Distribution to non-controlling interest 0.0 (2.0)
Financing fees 0.0 (0.8)
Net cash used in financing activities (149.7) (271.6)
Effect of exchange rate changes on cash and cash equivalents 0.7 (3.8)
Net decrease in cash and cash equivalents (107.2) (177.3)
Cash and cash equivalents at beginning of year 928.0 843.6
Cash and cash equivalents at end of six months $ 820.8 $ 666.3