CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions |
3 Months Ended |
May 02, 2020 |
May 04, 2019 |
| Cash flows from operating activities |
|
|
| Net income/(loss) |
$ (546)
|
$ (154)
|
| Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: |
|
|
| Restructuring and management transition |
139
|
15
|
| Net gain on sale of operating assets |
0
|
(4)
|
| Loss due to discontinuance of hedge accounting |
77
|
0
|
| Depreciation and amortization |
135
|
147
|
| Benefit plans |
(22)
|
(14)
|
| Stock-based compensation |
2
|
2
|
| Deferred taxes |
(60)
|
(3)
|
| Change in cash from: |
|
|
| Inventory |
(55)
|
(40)
|
| Prepaid expenses and other |
(98)
|
(98)
|
| Merchandise accounts payable |
(207)
|
(5)
|
| Income taxes |
(1)
|
3
|
| Accrued expenses and other |
(178)
|
(54)
|
| Net Cash Provided by (Used in) Operating Activities |
(814)
|
(205)
|
| Cash flows from investing activities |
|
|
| Capital expenditures |
(33)
|
(71)
|
| Net proceeds from sale of operating assets |
0
|
8
|
| Net Cash Provided by (Used in) Investing Activities |
(33)
|
(63)
|
| Cash flows from financing activities |
|
|
| Proceeds from borrowings under the credit facility |
1,950
|
408
|
| Payments of borrowings under the credit facility |
(771)
|
(290)
|
| Payments of finance leases and note payable |
(1)
|
(1)
|
| Payments of long-term debt |
(19)
|
(11)
|
| Net Cash Provided by (Used in) Financing Activities |
1,159
|
106
|
| Net increase/(decrease) in cash and cash equivalents |
312
|
(162)
|
| Cash and cash equivalents at beginning of period |
386
|
333
|
| Cash and cash equivalents at end of period |
698
|
171
|
| Supplemental cash flow information |
|
|
| Income taxes received/(paid), net |
0
|
(2)
|
| Interest received/(paid), net |
(76)
|
(91)
|
| Supplemental non-cash investing and financing activity |
|
|
| Increase/(decrease) in other accounts payable related to purchases of property and equipment and software |
1
|
(18)
|
| Remeasurement of leased assets and lease obligations |
$ 5
|
$ 28
|
| Document Period End Date |
May 02, 2020
|
|