|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
|
12 Months Ended |
|
Feb. 01, 2014
|
Feb. 02, 2013
|
Jan. 28, 2012
|
| Cash flows from operating activities |
|
|
|
|
|
|
| Net income/(loss) |
$ (1,388) |
|
$ (985) |
|
$ (152) |
|
| Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: |
|
|
|
|
|
|
| Restructuring and management transition |
132 |
|
121 |
|
314 |
|
| Asset impairments and other charges |
30 |
|
117 |
|
67 |
|
| Net gain on sale or redemption of non-operating assets |
(132) |
|
(397) |
|
0 |
|
| Net gain on sale of operating assets |
(17) |
|
0 |
|
(6) |
|
| Loss on extinguishment of debt |
114 |
|
0 |
|
0 |
|
| Depreciation and amortization |
601 |
|
543 |
|
518 |
|
| Benefit plans |
70 |
|
272 |
|
55 |
|
| Stock-based compensation |
28 |
[1] |
50 |
[1] |
46 |
[1] |
| Excess tax benefits from stock-based compensation |
0 |
|
(12) |
|
(10) |
|
| Other comprehensive income tax benefits |
(303) |
|
0 |
|
0 |
|
| Deferred taxes |
(164) |
|
(467) |
|
(153) |
|
| Change in cash from: |
|
|
|
|
|
|
| Inventory |
(594) |
|
575 |
|
297 |
|
| Prepaid expenses and other assets |
74 |
|
(5) |
|
(67) |
|
| Merchandise accounts payable |
(214) |
|
140 |
|
(111) |
|
| Current income taxes |
50 |
|
117 |
|
(15) |
|
| Accrued expenses and other |
(101) |
|
(79) |
|
37 |
|
| Net cash provided by/(used in) operating activities |
(1,814) |
|
(10) |
|
820 |
|
| Cash flows from investing activities |
|
|
|
|
|
|
| Capital expenditures |
(951) |
|
(810) |
|
(634) |
|
| Proceeds from sale or redemption of non-operating assets |
143 |
|
526 |
|
0 |
|
| Acquisition |
0 |
|
(9) |
|
(268) |
|
| Proceeds from sale of operating assets |
19 |
|
0 |
|
15 |
|
| Cost investment, net |
0 |
|
0 |
|
(36) |
|
| Proceeds from joint venture cash distribution |
0 |
|
0 |
|
53 |
|
| Net cash provided by/(used in) investing activities |
(789) |
|
(293) |
|
(870) |
|
| Cash flows from financing activities |
|
|
|
|
|
|
| Proceeds from short-term borrowings |
850 |
|
0 |
|
0 |
|
| Payment on short-term borrowings |
(200) |
|
0 |
|
0 |
|
| Net proceeds from issuance of long-term debt |
2,180 |
|
0 |
|
0 |
|
| Premium on early retirement of debt |
(110) |
|
0 |
|
0 |
|
| Payments of capital leases and note payable |
(29) |
|
(20) |
|
0 |
|
| Payments of long-term debt |
(256) |
|
(230) |
|
0 |
|
| Financing costs |
(31) |
|
(4) |
|
(20) |
|
| Net proceeds from common stock issued |
786 |
|
0 |
|
0 |
|
| Dividends paid, common |
0 |
|
(86) |
|
(178) |
|
| Stock repurchase program |
0 |
|
0 |
|
(900) |
|
| Proceeds from issuance of stock warrant |
0 |
|
0 |
|
50 |
|
| Proceeds from stock options exercised |
7 |
|
71 |
|
18 |
|
| Excess tax benefits from stock-based compensation |
0 |
|
12 |
|
10 |
|
| Tax withholding payments for vested restricted stock |
(9) |
|
(17) |
|
(45) |
|
| Net cash provided by/(used in) financing activities |
3,188 |
|
(274) |
|
(1,065) |
|
| Net increase/(decrease) in cash and cash equivalents |
585 |
|
(577) |
|
(1,115) |
|
| Cash and cash equivalents at beginning of period |
930 |
|
1,507 |
|
2,622 |
|
| Cash and cash equivalents at end of period |
$ 1,515 |
|
$ 930 |
|
$ 1,507 |
|
|
|
|