CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions |
12 Months Ended |
Jan. 30, 2016 |
Jan. 31, 2015 |
Feb. 01, 2014 |
| Cash flows from operating activities |
|
|
|
|
|
|
| Net income/(loss) |
|
$ (513)
|
$ (717)
|
[1] |
$ (1,278)
|
[1] |
| Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: |
|
|
|
|
|
|
| Restructuring and management transition |
|
10
|
32
|
[1] |
132
|
[1] |
| Asset impairments and other charges |
|
25
|
39
|
[1] |
30
|
[1] |
| Net gain on sale or redemption of non-operating assets |
|
(9)
|
(25)
|
[1] |
(132)
|
[1] |
| Net gain from sale of operating assets |
|
(9)
|
(92)
|
[1] |
(17)
|
[1] |
| Loss on extinguishment of debt |
|
10
|
34
|
[1] |
114
|
[1] |
| Depreciation and amortization |
|
616
|
631
|
[1] |
601
|
[1] |
| Benefit plans |
|
127
|
(78)
|
[1] |
(108)
|
[1] |
| Stock-based compensation |
[2] |
44
|
33
|
[1] |
28
|
[1] |
| Other comprehensive income tax benefits |
|
0
|
0
|
[1] |
(250)
|
[1] |
| Deferred taxes |
|
0
|
3
|
[1] |
(149)
|
[1] |
| Change in cash from: |
|
|
|
|
|
|
| Inventory |
|
(69)
|
283
|
[1] |
(594)
|
[1] |
| Prepaid expenses and other assets |
|
19
|
(1)
|
[1] |
74
|
[1] |
| Merchandise accounts payable |
|
(72)
|
49
|
[1] |
(214)
|
[1] |
| Current income taxes |
|
4
|
(10)
|
[1] |
50
|
[1] |
| Accrued expenses and other |
|
257
|
58
|
[1] |
(101)
|
[1] |
| Net cash provided by/(used in) operating activities |
|
440
|
239
|
[1] |
(1,814)
|
[1] |
| Cash flows from investing activities |
|
|
|
|
|
|
| Capital expenditures |
|
(320)
|
(252)
|
[1] |
(951)
|
[1] |
| Proceeds from sale or redemption of non-operating assets |
|
13
|
35
|
[1] |
143
|
[1] |
| Proceeds from sale of operating assets |
|
11
|
70
|
[1] |
19
|
[1] |
| Joint venture return of investment |
|
0
|
5
|
[1] |
0
|
[1] |
| Net cash provided by/(used in) investing activities |
|
(296)
|
(142)
|
[1] |
(789)
|
[1] |
| Cash flows from financing activities |
|
|
|
|
|
|
| Proceeds from short-term borrowings |
|
0
|
0
|
[1] |
850
|
[1] |
| Payment on short-term borrowings |
|
0
|
(650)
|
[1] |
(200)
|
[1] |
| Net proceeds from issuance of long-term debt |
|
0
|
893
|
[1] |
2,180
|
[1] |
| Premium on early retirement of debt |
|
0
|
(33)
|
[1] |
(110)
|
[1] |
| Payments of capital leases and note payable |
|
(33)
|
(26)
|
[1] |
(29)
|
[1] |
| Payments of long-term debt |
|
(520)
|
(412)
|
[1] |
(256)
|
[1] |
| Financing costs |
|
(4)
|
(65)
|
[1] |
(31)
|
[1] |
| Net proceeds from common stock issued |
|
0
|
0
|
[1] |
786
|
[1] |
| Proceeds from stock options exercised |
|
0
|
0
|
[1] |
7
|
[1] |
| Excess tax benefits from stock-based compensation |
|
0
|
0
|
|
0
|
|
| Tax withholding payments for vested restricted stock |
|
(5)
|
(1)
|
[1] |
(9)
|
[1] |
| Net cash provided by/(used in) financing activities |
|
(562)
|
(294)
|
[1] |
3,188
|
[1] |
| Net increase/(decrease) in cash and cash equivalents |
|
(418)
|
(197)
|
[1] |
585
|
[1] |
| Cash and cash equivalents at beginning of period |
[1] |
1,318
|
1,515
|
|
930
|
|
| Cash and cash equivalents at end of period |
|
$ 900
|
$ 1,318
|
[1] |
$ 1,515
|
[1] |
|
|