|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
|
3 Months Ended |
|
Apr. 28, 2012
|
Apr. 30, 2011
|
| Cash flows from operating activities: |
|
|
| Net income/(loss) |
$ (163) |
$ 64 |
| Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: |
|
|
| Restructuring and management transition |
12 |
1 |
| Asset impairments and other charges |
1 |
1 |
| Depreciation and amortization |
125 |
128 |
| Benefit plans expense |
38 |
14 |
| Stock-based compensation |
12 |
13 |
| Excess tax benefits from stock-based compensation |
(11) |
(3) |
| Deferred taxes |
21 |
(24) |
| Change in cash from: |
|
|
| Inventory |
(168) |
(195) |
| Prepaid expenses and other assets |
29 |
10 |
| Merchandise accounts payable |
(38) |
141 |
| Current income taxes payable |
(144) |
65 |
| Accrued expenses and other |
(291) |
(163) |
| Net cash provided by/(used in) operating activities |
(577) |
52 |
| Cash flows from investing activities: |
|
|
| Capital expenditures |
(107) |
(117) |
| Acquisition |
(9) |
|
| Net cash provided by/(used in) investing activities |
(116) |
(117) |
| Cash flows from financing activities: |
|
|
| Financing costs |
(2) |
(15) |
| Dividends paid, common |
(43) |
(47) |
| Stock repurchase program |
|
(733) |
| Proceeds from stock options exercised |
68 |
8 |
| Excess tax benefits from stock-based compensation |
11 |
3 |
| Tax withholding payments reimbursed by restricted stock |
(9) |
(6) |
| Net cash provided by/(used in) financing activities |
25 |
(790) |
| Net increase/(decrease) in cash and cash equivalents |
(668) |
(855) |
| Cash and cash equivalents at beginning of year |
1,507 |
2,622 |
| Cash and cash equivalents at end of period |
839 |
1,767 |
| Supplemental cash flow information: |
|
|
| Income taxes paid/(received) |
4 |
(1) |
| Interest paid |
91 |
92 |
| Interest received |
$ 1 |
$ 1 |