CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions |
6 Months Ended |
Aug. 01, 2020 |
Aug. 03, 2019 |
| Net Cash Provided by (Used in) Operating Activities [Abstract] |
|
|
| Net income/(loss) |
$ (944)
|
$ (202)
|
| Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: |
|
|
| Restructuring and management transition |
162
|
17
|
| Reorganization Items, Debtor-In Possession Finance Fee Adjustment |
17
|
0
|
| Write-off of pre-petition unamortized debt issuance costs |
33
|
|
| Reorganization items, net |
108
|
0
|
| Net (gain)/loss on sale of non-operating assets |
0
|
(1)
|
| Net (gain)/loss on sale of operating assets |
0
|
3
|
| (Gain)/loss on extinguishment of debt |
0
|
(1)
|
| Gain (Loss) on Discontinuation of Interest Rate Cash Flow Hedge Due to Forecasted Transaction Probable of Not Occurring, Net |
77
|
0
|
| Depreciation and amortization |
296
|
284
|
| Benefit plans |
63
|
(29)
|
| Stock-based compensation |
(2)
|
6
|
| Deferred taxes |
(69)
|
0
|
| Change in cash from: |
|
|
| Inventory |
275
|
(34)
|
| Prepaid expenses and other |
(286)
|
(82)
|
| Merchandise accounts payable |
(48)
|
31
|
| Income taxes |
0
|
0
|
| Accrued expenses and other |
14
|
9
|
| Net cash provided by/(used in) operating activities |
(445)
|
1
|
| Cash flows from investing activities |
|
|
| Capital expenditures |
(43)
|
(146)
|
| Net proceeds from sale of non-operating assets |
0
|
1
|
| Net proceeds from sale of operating assets |
1
|
12
|
| Net cash provided by/(used in) investing activities |
(42)
|
(133)
|
| Net Cash Provided by (Used in) Financing Activities [Abstract] |
|
|
| Proceeds from debtor-in-possession financing |
450
|
0
|
| Proceeds from borrowings under the credit facility |
2,675
|
946
|
| Payments of borrowings under the credit facility |
(1,471)
|
(946)
|
| Payments of finance leases and note payable |
(1)
|
(1)
|
| Payments of long-term debt |
(19)
|
(26)
|
| Debtor-in-possession financing fees |
(50)
|
0
|
| Proceeds from stock issued under stock plans |
0
|
1
|
| Net cash provided by/(used in) financing activities |
1,584
|
(26)
|
| Net increase/(decrease) in cash, cash equivalents and restricted cash |
1,097
|
(158)
|
| Cash and cash equivalents at beginning of period |
386
|
333
|
| Cash, cash equivalents and restricted cash at end of period |
1,483
|
175
|
| Supplemental cash flow information |
|
|
| Income taxes received/(paid), net |
(2)
|
(6)
|
| Interest received/(paid), net |
(164)
|
(139)
|
| Supplemental non-cash investing and financing activity |
|
|
| Increase/(decrease) in other accounts payable related to purchases of property and equipment and software |
2
|
(15)
|
| Remeasurement of leased assets and lease obligations |
$ (107)
|
$ 52
|