|
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Millions
|
3 Months Ended |
|
Apr. 30, 2011
|
May 01, 2010
|
| Cash flows from operating activities: |
 |
 |
| Net income |
$ 64 |
$ 60 |
| Adjustments to reconcile net income to net cash provided by/(used in) operating activities: |
 |
 |
| Restructuring and other charges |
10 |
3 |
| Depreciation and amortization |
128 |
125 |
| Benefit plans expense |
14 |
50 |
| Stock-based compensation |
20 |
14 |
| Deferred taxes |
(24) |
(3) |
| Change in cash from: |
 |
 |
| Inventory |
(195) |
(190) |
| Prepaid expenses and other assets |
9 |
23 |
| Merchandise accounts payable |
141 |
77 |
| Current income taxes payable |
55 |
17 |
| Accrued expenses and other |
(170) |
(261) |
| Net cash provided by/(used in) operating activities |
52 |
(85) |
| Cash flows from investing activities: |
 |
 |
| Capital expenditures |
(117) |
(116) |
| Proceeds from sale of assets |
 |
4 |
| Net cash (used in) investing activities |
(117) |
(112) |
| Cash flows from financing activities: |
 |
 |
| Payments of long-term debt |
 |
(393) |
| Financing costs |
(15) |
 |
| Dividends paid, common |
(47) |
(47) |
| Stock repurchase program |
(733) |
 |
| Proceeds from stock options exercised |
8 |
4 |
| Excess tax benefits from stock-based compensation |
3 |
1 |
| Tax withholding payments reimbursed by restricted stock |
(6) |
(1) |
| Net cash (used in) financing activities |
(790) |
(436) |
| Net (decrease) in cash and cash equivalents |
(855) |
(633) |
| Cash and cash equivalents at beginning of year |
2,622 |
3,011 |
| Cash and cash equivalents at end of period |
1,767 |
2,378 |
| Supplemental cash flow information: |
 |
 |
| Income taxes (received)/paid |
(1) |
20 |
| Interest paid |
92 |
117 |
| Interest received |
$ 1 |
$ 2 |