CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions |
3 Months Ended |
May 04, 2019 |
May 05, 2018 |
| Cash flows from operating activities |
|
|
| Net income/(loss) |
$ (154)
|
$ (78)
|
| Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: |
|
|
| Restructuring and management transition |
15
|
(3)
|
| Asset impairments and other charges |
0
|
1
|
| Net gain on sale of operating assets |
(4)
|
(17)
|
| (Gain)/loss on extinguishment of debt |
0
|
23
|
| Depreciation and amortization |
147
|
141
|
| Benefit plans |
(14)
|
(19)
|
| Stock-based compensation |
2
|
7
|
| Deferred taxes |
(3)
|
(2)
|
| Change in cash from: |
|
|
| Inventory |
(40)
|
(145)
|
| Prepaid expenses and other |
(98)
|
(33)
|
| Merchandise accounts payable |
(5)
|
(40)
|
| Income taxes |
3
|
(3)
|
| Accrued expenses and other |
(54)
|
(186)
|
| Net Cash Provided by (Used in) Operating Activities |
(205)
|
(354)
|
| Cash flows from investing activities |
|
|
| Capital expenditures |
(71)
|
(106)
|
| Net proceeds from sale of operating assets |
8
|
39
|
| Net Cash Provided by (Used in) Investing Activities |
(63)
|
(67)
|
| Cash flows from financing activities |
|
|
| Proceeds from issuance of long-term debt |
0
|
400
|
| Proceeds from borrowings under the credit facility |
408
|
977
|
| Payments of borrowings under the credit facility |
(290)
|
(626)
|
| Premium on early retirement of debt |
0
|
20
|
| Payments of finance leases and note payable |
(1)
|
(2)
|
| Payments of long-term debt |
(11)
|
(576)
|
| Financing costs |
0
|
(7)
|
| Proceeds from stock issued under stock plans |
0
|
1
|
| Tax withholding payments for vested restricted stock |
0
|
(3)
|
| Net Cash Provided by (Used in) Financing Activities |
106
|
144
|
| Net increase/(decrease) in cash and cash equivalents |
(162)
|
(277)
|
| Cash and cash equivalents at beginning of period |
333
|
458
|
| Cash and cash equivalents at end of period |
171
|
181
|
| Supplemental cash flow information |
|
|
| Income taxes received/(paid), net |
(2)
|
(4)
|
| Interest received/(paid), net |
(91)
|
(113)
|
| Supplemental non-cash investing and financing activity |
|
|
| Increase/(decrease) in other accounts payable related to purchases of property and equipment and software |
(18)
|
(16)
|
| Remeasurement of leased assets and lease obligations |
$ 28
|
$ 0
|