|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
|
3 Months Ended |
6 Months Ended |
|
Aug. 03, 2013
|
Jul. 28, 2012
|
Aug. 03, 2013
|
Jul. 28, 2012
|
| Cash flows from operating activities |
|
|
|
|
| Net income/(loss) |
$ (586) |
$ (147) |
$ (934) |
$ (310) |
| Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: |
|
|
|
|
| Restructuring and management transition |
24 |
78 |
61 |
90 |
| Asset impairments and other charges |
7 |
3 |
9 |
4 |
| Net gain on sale or redemption of non-operating assets |
(62) |
(200) |
(62) |
(200) |
| Net gain on sale of operating assets |
(2) |
|
(18) |
|
| Loss on extinguishment of debt |
114 |
|
114 |
|
| Depreciation and amortization |
143 |
128 |
279 |
253 |
| Benefit plans |
24 |
41 |
41 |
79 |
| Stock-based compensation |
11 |
14 |
16 |
26 |
| Excess tax benefits from stock-based compensation |
|
(12) |
|
(23) |
| Deferred taxes |
(25) |
(153) |
(189) |
(197) |
| Change in cash from: |
|
|
|
|
| Inventory |
(357) |
91 |
(814) |
(77) |
| Prepaid expenses and other assets |
(9) |
(22) |
41 |
(15) |
| Merchandise accounts payable |
29 |
31 |
114 |
(7) |
| Current income taxes |
5 |
113 |
60 |
34 |
| Accrued expenses and other |
(24) |
5 |
(178) |
(264) |
| Net cash provided by/(used in) operating activities |
(708) |
(30) |
(1,460) |
(607) |
| Cash flows from investing activities |
|
|
|
|
| Capital expenditures |
(439) |
(132) |
(653) |
(239) |
| Net proceeds from sale or redemption of non-operating assets |
55 |
246 |
55 |
246 |
| Acquisition |
|
|
|
(9) |
| Net proceeds from sale of operating assets |
1 |
|
19 |
|
| Net cash provided by/(used in) investing activities |
(383) |
114 |
(579) |
(2) |
| Cash flows from financing activities |
|
|
|
|
| Proceeds from short-term borrowings |
|
|
850 |
|
| Net proceeds from issuance of long-term debt |
2,180 |
|
2,180 |
|
| Premium on early retirement of debt |
(110) |
|
(110) |
|
| Payments of capital leases and note payable |
(14) |
|
(19) |
|
| Payment of long-term debt |
(245) |
|
(245) |
|
| Financing costs |
(4) |
(2) |
(12) |
(4) |
| Dividends paid, common |
|
(43) |
|
(86) |
| Proceeds from stock options exercised |
2 |
1 |
7 |
69 |
| Excess tax benefits from stock-based compensation |
|
12 |
|
23 |
| Tax withholding payments for vested restricted stock |
(4) |
(3) |
(7) |
(12) |
| Net cash provided by/(used in) financing activities |
1,805 |
(35) |
2,644 |
(10) |
| Net increase/(decrease) in cash and cash equivalents |
714 |
49 |
605 |
(619) |
| Cash and cash equivalents at beginning of period |
821 |
839 |
930 |
1,507 |
| Cash and cash equivalents at end of period |
1,535 |
888 |
1,535 |
888 |
| Supplemental cash flow information |
|
|
|
|
| Income taxes received/(paid), net |
(2) |
55 |
88 |
51 |
| Interest received/(paid), net |
(152) |
(23) |
(236) |
(113) |
| Supplemental non-cash investing and financing activity |
|
|
|
|
| Increase/ (decrease) in other accounts payable related to purchases of property and equipment |
(178) |
66 |
102 |
50 |
| Financing costs withheld from proceeds of long-term debt |
$ (70) |
|
$ (70) |
|