CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions |
3 Months Ended |
9 Months Ended |
Oct. 29, 2016 |
Oct. 31, 2015 |
Oct. 29, 2016 |
Oct. 31, 2015 |
| Cash flows from operating activities |
|
|
|
|
|
|
|
| Net income/(loss) |
|
$ (67)
|
$ (115)
|
[1] |
$ (191)
|
$ (382)
|
[1] |
| Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: |
|
|
|
|
|
|
|
| Restructuring and management transition |
|
0
|
(1)
|
[1] |
(1)
|
3
|
[1] |
| Asset impairments and other charges |
|
0
|
4
|
[1] |
2
|
6
|
[1] |
| Net gain on sale of non-operating assets |
|
0
|
(1)
|
[1] |
(5)
|
(9)
|
[1] |
| Net gain on sale of operating assets |
|
0
|
(1)
|
[1] |
(10)
|
(9)
|
[1] |
| (Gain)/loss on extinguishment of debt |
|
0
|
0
|
[1] |
30
|
0
|
[1] |
| Depreciation and amortization |
|
149
|
152
|
[1] |
456
|
459
|
[1] |
| Benefit plans |
|
(14)
|
(25)
|
[1] |
(41)
|
(73)
|
[1] |
| Stock-based compensation |
|
7
|
12
|
[1] |
27
|
33
|
[1] |
| Deferred taxes |
|
3
|
(8)
|
[1] |
3
|
(5)
|
[1] |
| Change in cash from: |
|
|
|
|
|
|
|
| Inventory |
|
(710)
|
(664)
|
[1] |
(970)
|
(1,017)
|
[1] |
| Prepaid expenses and other |
|
(19)
|
(22)
|
[1] |
(87)
|
(33)
|
[1] |
| Merchandise accounts payable |
|
399
|
331
|
[1] |
568
|
456
|
[1] |
| Current income taxes |
|
(1)
|
4
|
[1] |
(5)
|
10
|
[1] |
| Accrued expenses and other |
|
60
|
102
|
[1] |
(177)
|
145
|
[1] |
| Net cash provided by/(used in) operating activities |
|
(193)
|
(232)
|
[1] |
(401)
|
(416)
|
[1] |
| Cash flows from investing activities |
|
|
|
|
|
|
|
| Capital expenditures |
|
(122)
|
(93)
|
[1] |
(282)
|
(234)
|
[1] |
| Net proceeds from sale of non-operating assets |
|
0
|
0
|
[1] |
2
|
13
|
[1] |
| Net proceeds from sale of operating assets |
|
0
|
1
|
[1] |
16
|
6
|
[1] |
| Joint venture return of investment |
|
0
|
0
|
[1] |
15
|
0
|
[1] |
| Net cash provided by/(used in) investing activities |
|
(122)
|
(92)
|
[1] |
(249)
|
(215)
|
[1] |
| Cash flows from financing activities |
|
|
|
|
|
|
|
| Proceeds from issuance of long-term debt |
|
0
|
0
|
[1] |
2,188
|
0
|
[1] |
| Proceeds from borrowings under the credit facility |
|
259
|
0
|
[1] |
259
|
0
|
[1] |
| Payments of borrowings under the credit facility |
|
(97)
|
0
|
[1] |
(97)
|
0
|
[1] |
| Payments of capital leases and note payable |
|
(5)
|
(4)
|
[1] |
(24)
|
(27)
|
[1] |
| Payments of long-term debt |
|
(89)
|
(7)
|
[1] |
(2,339)
|
(20)
|
[1] |
| Financing costs |
|
0
|
0
|
[1] |
(49)
|
0
|
[1] |
| Proceeds from stock options exercised |
|
1
|
0
|
[1] |
2
|
0
|
[1] |
| Tax withholding payments for vested restricted stock |
|
0
|
0
|
[1] |
(7)
|
(2)
|
[1] |
| Net cash provided by/(used in) financing activities |
[1] |
69
|
(11)
|
|
(67)
|
(49)
|
|
| Net increase/(decrease) in cash and cash equivalents |
|
(246)
|
(335)
|
[1] |
(717)
|
(680)
|
[1] |
| Cash and cash equivalents at beginning of period |
|
429
|
973
|
[1] |
900
|
1,318
|
[1] |
| Cash and cash equivalents at end of period |
|
183
|
638
|
[1] |
183
|
638
|
[1] |
| Supplemental cash flow information |
|
|
|
|
|
|
|
| Income taxes received/(paid), net |
|
(1)
|
0
|
[1] |
(9)
|
(2)
|
[1] |
| Interest received/(paid), net |
|
(103)
|
(128)
|
[1] |
(287)
|
(312)
|
[1] |
| Supplemental non-cash investing and financing activity |
|
|
|
|
|
|
|
| Increase/(decrease) in other accounts payable related to purchases of property and equipment and software |
|
$ 1
|
$ (19)
|
[1] |
$ 33
|
$ 10
|
[1] |
|
|