XML 31 R11.htm IDEA: XBRL DOCUMENT v3.24.1Close
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Feb. 03, 2024
Jan. 28, 2023
Jan. 29, 2022
Cash flows from operating activities:      
Net income (loss) $ 502 $ (202) $ 256
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 522 540 504
Share-based compensation 80 37 139
Impairment of operating lease assets 4 33 8
Impairment of store assets 3 18 1
Loss on extinguishment of debt 0 0 325
Amortization of debt issuance costs 4 6 14
Non-cash and other items 28 (16) 31
Loss on divestiture activity 0 35 59
Gain on sale of building (47) (83) 0
Deferred income taxes (64) 42 (61)
Changes in operating assets and liabilities:      
Merchandise inventory 383 554 (593)
Other current assets and other long-term assets 179 161 (42)
Accounts payable 42 (540) 186
Accrued expenses and other current liabilities 12 (243) 172
Income taxes payable, net of receivables and other tax-related items 75 417 (85)
Other long-term liabilities (15) (45) (3)
Operating lease assets and liabilities, net (176) (107) (102)
Net cash provided by operating activities 1,532 607 809 Close
Cash flows from investing activities:      
Purchases of property and equipment (420) (685) (694)
Net proceeds from sale of buildings 76 458 0
Purchases of short-term investments 0 0 (753)
Proceeds from sales and maturities of short-term investments 0 0 1,162
Payments for acquisition activity, net of cash acquired 0 0 (135)
Net proceeds from divestiture activity, net of cash paid 9 0 (21)
Other 1 0 (5)
Net cash used for investing activities (334) (227) (446) Close
Cash flows from financing activities:      
Proceeds from revolving credit facility 0 350 0
Repayments of revolving credit facility (350) 0 0
Proceeds from issuance of long-term debt 0 0 1,500
Payments to extinguish debt 0 0 (2,546)
Payments for debt issuance costs 0 (6) (16)
Proceeds from issuances under share-based compensation plans 27 27 54
Withholding tax payments related to vesting of stock units (20) (20) (36)
Repurchases of common stock 0 (123) (201)
Cash dividends paid (222) (220) (226)
Proceeds from (Payments for) Other Financing Activities (2) (2) 0
Net cash provided by (used for) financing activities (567) 6 (1,471) Close
Effect of foreign exchange rate fluctuations on cash, cash equivalents, and restricted cash (3) (15) (6) Close
Net increase (decrease) in cash, cash equivalents, and restricted cash 628 371 (1,114) Close
Cash, Cash Equivalents, and Restricted Cash at beginning of period 1,273 902 2,016
Cash, Cash Equivalents, and Restricted Cash end of period 1,901 1,273 902
Cash Flow Non Cash Investing Disclosure [Abstract]      
Purchases of property and equipment not yet paid at end of period 43 55 124
Interest Paid, Excluding Capitalized Interest, Operating Activities 74 76 180
Supplemental disclosure of cash flow information:      
Income Taxes Paid, Net 49 (388) 215
Cash paid for operating lease liabilities $ 932 $ 942 $ 1,061