CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions |
3 Months Ended |
9 Months Ended |
Oct. 31, 2015 |
Nov. 01, 2014 |
Oct. 31, 2015 |
Nov. 01, 2014 |
| Cash flows from operating activities |
|
|
|
|
| Net income/(loss) |
$ (137)
|
$ (188)
|
$ (442)
|
$ (712)
|
| Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: |
|
|
|
|
| Restructuring and management transition |
(1)
|
2
|
3
|
5
|
| Asset impairments and other charges |
4
|
5
|
6
|
9
|
| Net gain on sale of non-operating assets |
(1)
|
(2)
|
(9)
|
(23)
|
| Net gain on sale of operating assets |
(1)
|
(90)
|
(9)
|
(91)
|
| Loss on extinguishment of debt |
0
|
34
|
0
|
34
|
| Depreciation and amortization |
152
|
156
|
459
|
474
|
| Benefit plans |
4
|
(5)
|
14
|
(18)
|
| Stock-based compensation |
12
|
8
|
33
|
24
|
| Deferred taxes |
(15)
|
(5)
|
(32)
|
(24)
|
| Change in cash from: |
|
|
|
|
| Inventory |
(664)
|
(510)
|
(1,017)
|
(423)
|
| Prepaid expenses and other assets |
(22)
|
(15)
|
(33)
|
(34)
|
| Merchandise accounts payable |
331
|
305
|
456
|
341
|
| Current income taxes |
4
|
2
|
10
|
6
|
| Accrued expenses and other |
102
|
(17)
|
145
|
(22)
|
| Net cash provided by/(used in) operating activities |
(232)
|
(320)
|
(416)
|
(454)
|
| Cash flows from investing activities |
|
|
|
|
| Capital expenditures |
(93)
|
(61)
|
(234)
|
(202)
|
| Net proceeds from sale of non-operating assets |
0
|
2
|
13
|
28
|
| Net proceeds from sale of operating assets |
1
|
66
|
6
|
68
|
| Joint venture return of investment |
0
|
0
|
0
|
8
|
| Net cash provided by/(used in) investing activities |
(92)
|
7
|
(215)
|
(98)
|
| Cash flows from financing activities |
|
|
|
|
| Payments on short-term borrowings |
0
|
0
|
0
|
650
|
| Net proceeds from issuance of long-term debt |
0
|
393
|
0
|
893
|
| Premium On Early Retirement Of Long Term Debt |
0
|
33
|
0
|
33
|
| Payments of capital leases and note payable |
(4)
|
(4)
|
(27)
|
(22)
|
| Payments of long-term debt |
(7)
|
(394)
|
(20)
|
(405)
|
| Financing costs |
0
|
(1)
|
0
|
(61)
|
| Tax withholding payments for vested restricted stock |
0
|
0
|
(2)
|
(1)
|
| Net cash provided by/(used in) financing activities |
(11)
|
(39)
|
(49)
|
(279)
|
| Net increase/(decrease) in cash and cash equivalents |
(335)
|
(352)
|
(680)
|
(831)
|
| Cash and cash equivalents at beginning of period |
973
|
1,036
|
1,318
|
1,515
|
| Cash and cash equivalents at end of period |
638
|
684
|
638
|
684
|
| Supplemental cash flow information |
|
|
|
|
| Income taxes received/(paid), net |
0
|
(1)
|
(2)
|
(20)
|
| Interest received/(paid), net |
(128)
|
(160)
|
(312)
|
(343)
|
| Supplemental non-cash investing and financing activity |
|
|
|
|
| Property contributed to joint venture |
0
|
0
|
0
|
30
|
| Increase/(decrease) in other accounts payable related to purchases of property and equipment and software |
(19)
|
(2)
|
10
|
(7)
|
| Financing costs withheld from proceeds of long-term debt |
0
|
7
|
0
|
7
|
| Purchase of property and equipment and software through capital leases and a note payable |
$ 0
|
$ 0
|
$ 0
|
$ 3
|