CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions |
3 Months Ended |
6 Months Ended |
Jul. 30, 2016 |
Aug. 01, 2015 |
[1] |
Jul. 30, 2016 |
Aug. 01, 2015 |
[1] |
| Cash flows from operating activities |
|
|
|
|
| Net income/(loss) |
$ (56)
|
$ (117)
|
$ (124)
|
$ (267)
|
| Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: |
|
|
|
|
| Restructuring and management transition |
0
|
1
|
(1)
|
4
|
| Asset impairments and other charges |
1
|
1
|
2
|
2
|
| Gain (Loss) on Disposition of Other Assets |
0
|
6
|
5
|
8
|
| Net gain on sale of operating assets |
(2)
|
0
|
(10)
|
(8)
|
| (Gain)/loss on extinguishment of debt |
34
|
0
|
30
|
0
|
| Depreciation and amortization |
153
|
153
|
307
|
307
|
| Benefit plans |
(15)
|
(23)
|
(27)
|
(48)
|
| Stock-based compensation |
10
|
11
|
20
|
21
|
| Deferred taxes |
3
|
2
|
0
|
3
|
| Change in cash from: |
|
|
|
|
| Inventory |
(56)
|
(194)
|
(260)
|
(353)
|
| Prepaid expenses and other |
(9)
|
26
|
(68)
|
(11)
|
| Merchandise accounts payable |
99
|
59
|
169
|
125
|
| Current income taxes |
(3)
|
2
|
(4)
|
6
|
| Accrued expenses and other |
27
|
127
|
(237)
|
43
|
| Net cash provided by/(used in) operating activities |
186
|
42
|
(208)
|
(184)
|
| Cash flows from investing activities |
|
|
|
|
| Capital expenditures |
(121)
|
(95)
|
(160)
|
(141)
|
| Net proceeds from sale of non-operating assets |
0
|
7
|
2
|
13
|
| Net proceeds from sale of operating assets |
4
|
0
|
16
|
5
|
| Joint venture return of investment |
1
|
0
|
15
|
0
|
| Net cash provided by/(used in) investing activities |
(116)
|
(88)
|
(127)
|
(123)
|
| Cash flows from financing activities |
|
|
|
|
| Proceeds from issuance of long-term debt |
2,188
|
0
|
2,188
|
0
|
| Payments of capital leases and note payable |
(5)
|
(18)
|
(19)
|
(23)
|
| Payments of long-term debt |
(2,188)
|
(7)
|
(2,250)
|
(13)
|
| Proceeds from stock options exercised |
0
|
0
|
1
|
0
|
| Financing costs |
(49)
|
0
|
(49)
|
0
|
| Tax withholding payments for vested restricted stock |
(2)
|
0
|
(7)
|
(2)
|
| Net cash provided by/(used in) financing activities |
(56)
|
(25)
|
(136)
|
(38)
|
| Net increase/(decrease) in cash and cash equivalents |
14
|
(71)
|
(471)
|
(345)
|
| Cash and cash equivalents at beginning of period |
415
|
1,044
|
900
|
1,318
|
| Cash and cash equivalents at end of period |
429
|
973
|
429
|
973
|
| Supplemental cash flow information |
|
|
|
|
| Income taxes received/(paid), net |
(5)
|
(2)
|
(8)
|
(2)
|
| Interest received/(paid), net |
(62)
|
(58)
|
(184)
|
(184)
|
| Supplemental non-cash investing and financing activity |
|
|
|
|
| Increase/(decrease) in other accounts payable related to purchases of property and equipment and software |
$ (9)
|
$ 18
|
$ 32
|
$ 29
|
|
|