|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
|
3 Months Ended |
6 Months Ended |
|
Aug. 02, 2014
|
Aug. 03, 2013
|
Aug. 02, 2014
|
Aug. 03, 2013
|
| Cash flows from operating activities |
|
|
|
|
| Net income/(loss) |
$ (172) |
$ (586) |
$ (524) |
$ (934) |
| Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: |
|
|
|
|
| Restructuring and management transition |
1 |
24 |
3 |
61 |
| Asset impairments and other charges |
2 |
7 |
4 |
9 |
| Net gain on sale of non-operating assets |
(9) |
(62) |
(21) |
(62) |
| Net gain on sale of operating assets |
0 |
(2) |
(1) |
(18) |
| Loss on extinguishment of debt |
0 |
(114) |
0 |
(114) |
| Depreciation and amortization |
160 |
143 |
318 |
279 |
| Benefit plans |
(4) |
24 |
(13) |
41 |
| Stock-based compensation |
9 |
11 |
16 |
16 |
| Deferred taxes |
(14) |
(25) |
(19) |
(189) |
| Change in cash from: |
|
|
|
|
| Inventory |
(13) |
(357) |
87 |
(814) |
| Prepaid expenses and other assets |
8 |
(9) |
(19) |
41 |
| Merchandise accounts payable |
143 |
29 |
36 |
114 |
| Current income taxes |
(6) |
5 |
4 |
60 |
| Accrued expenses and other |
32 |
(24) |
(5) |
(178) |
| Net cash provided by/(used in) operating activities |
137 |
(708) |
(134) |
(1,460) |
| Cash flows from investing activities |
|
|
|
|
| Capital expenditures |
(61) |
(439) |
(141) |
(653) |
| Net proceeds from sale of non-operating assets |
11 |
55 |
26 |
55 |
| Net proceeds from sale of operating assets |
0 |
1 |
2 |
19 |
| Joint venture return of investment |
8 |
|
8 |
|
| Net cash provided by/(used in) investing activities |
(42) |
(383) |
(105) |
(579) |
| Cash flows from financing activities |
|
|
|
|
| Proceeds from short-term borrowings |
0 |
0 |
0 |
850 |
| Payment on short-term borrowings |
650 |
0 |
650 |
0 |
| Net proceeds from issuance of long-term debt |
500 |
2,180 |
500 |
2,180 |
| Premium on early retirement of debt |
0 |
110 |
0 |
110 |
| Payments of capital leases and note payable |
(13) |
(14) |
(18) |
(19) |
| Payments of long-term debt |
(6) |
(245) |
(11) |
(245) |
| Financing costs |
(60) |
(4) |
(60) |
(12) |
| Proceeds from stock options exercised |
0 |
2 |
0 |
7 |
| Tax withholding payments for vested restricted stock |
0 |
(4) |
(1) |
(7) |
| Net cash provided by/(used in) financing activities |
(229) |
1,805 |
(240) |
2,644 |
| Net increase/(decrease) in cash and cash equivalents |
(134) |
714 |
(479) |
605 |
| Cash and cash equivalents at beginning of period |
1,170 |
821 |
1,515 |
930 |
| Cash and cash equivalents at end of period |
1,036 |
1,535 |
1,036 |
1,535 |
| Supplemental cash flow information |
|
|
|
|
| Income taxes received/(paid), net |
(16) |
(2) |
(19) |
88 |
| Interest received/(paid), net |
(57) |
(152) |
(183) |
(236) |
| Supplemental non-cash investing and financing activity |
|
|
|
|
| Property contributed to joint venture |
0 |
0 |
30 |
0 |
| Increase/(decrease) in other accounts payable related to purchases of property and equipment |
(6) |
(178) |
(5) |
102 |
| Financing costs withheld from proceeds of long-term debt |
$ 0 |
$ 70 |
$ 0 |
$ 70 |