|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Millions, unless otherwise specified
|
12 Months Ended |
|
Jan. 31, 2015
|
Feb. 01, 2014
|
Feb. 02, 2013
|
| Cash flows from operating activities |
|
|
|
|
|
|
| Net income/(loss) |
$ (771) |
|
$ (1,388) |
|
$ (985) |
|
| Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: |
|
|
|
|
|
|
| Restructuring and management transition |
32 |
|
132 |
|
121 |
|
| Asset impairments and other charges |
39 |
|
30 |
|
117 |
|
| Sale of non-operating assets |
(25) |
|
(132) |
|
(397) |
|
| Net gain from sale of operating assets |
(92) |
|
(17) |
|
0 |
|
| Loss on extinguishment of debt |
34 |
|
114 |
|
0 |
|
| Depreciation and amortization |
631 |
|
601 |
|
543 |
|
| Benefit plans |
(24) |
|
70 |
|
272 |
|
| Stock-based compensation |
33 |
[1] |
28 |
[1] |
50 |
[1] |
| Excess tax benefits from stock-based compensation |
0 |
|
0 |
|
(12) |
|
| Other comprehensive income tax benefits |
0 |
|
(303) |
|
0 |
|
| Deferred taxes |
3 |
|
(164) |
|
(467) |
|
| Change in cash from: |
|
|
|
|
|
|
| Inventory |
283 |
|
(594) |
|
575 |
|
| Prepaid expenses and other assets |
(1) |
|
74 |
|
(5) |
|
| Merchandise accounts payable |
49 |
|
(214) |
|
140 |
|
| Current income taxes |
(10) |
|
50 |
|
117 |
|
| Accrued expenses and other |
58 |
|
(101) |
|
(79) |
|
| Net cash provided by/(used in) operating activities |
239 |
|
(1,814) |
|
(10) |
|
| Cash flows from investing activities |
|
|
|
|
|
|
| Capital expenditures |
(252) |
|
(951) |
|
(810) |
|
| Proceeds from sale or redemption of non-operating assets |
35 |
|
143 |
|
526 |
|
| Acquisition |
0 |
|
0 |
|
(9) |
|
| Proceeds from sale of operating assets |
70 |
|
19 |
|
0 |
|
| Joint venture return of investment |
5 |
|
0 |
|
0 |
|
| Net cash provided by/(used in) investing activities |
(142) |
|
(789) |
|
(293) |
|
| Cash flows from financing activities |
|
|
|
|
|
|
| Proceeds from short-term borrowings |
0 |
|
850 |
|
0 |
|
| Payment on short-term borrowings |
(650) |
|
(200) |
|
0 |
|
| Net proceeds from issuance of long-term debt |
893 |
|
2,180 |
|
0 |
|
| Premium on early retirement of debt |
(33) |
|
(110) |
|
0 |
|
| Payments of capital leases and note payable |
(26) |
|
(29) |
|
(20) |
|
| Payments of long-term debt |
(412) |
|
(256) |
|
(230) |
|
| Financing costs |
(65) |
|
(31) |
|
(4) |
|
| Net proceeds from common stock issued |
0 |
|
786 |
|
0 |
|
| Dividends paid, common |
0 |
|
0 |
|
(86) |
|
| Proceeds from stock options exercised |
0 |
|
7 |
|
71 |
|
| Excess tax benefits from stock-based compensation |
0 |
|
0 |
|
12 |
|
| Tax withholding payments for vested restricted stock |
(1) |
|
(9) |
|
(17) |
|
| Net cash provided by/(used in) financing activities |
(294) |
|
3,188 |
|
(274) |
|
| Net increase/(decrease) in cash and cash equivalents |
(197) |
|
585 |
|
(577) |
|
| Cash and cash equivalents at beginning of period |
1,515 |
|
930 |
|
1,507 |
|
| Cash and cash equivalents at end of period |
$ 1,318 |
|
$ 1,515 |
|
$ 930 |
|
|
|
|