Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions |
3 Months Ended |
Apr. 29, 2023 |
Apr. 30, 2022 |
| From operating activities: |
|
|
| Net income |
$ 36
|
$ 132
|
| Adjustments to reconcile net income to net cash from operating activities: |
|
|
| Non-cash impairment and other |
18
|
3
|
| Fair value adjustments to minority investments |
0
|
25
|
| Depreciation and amortization |
51
|
54
|
| Deferred income taxes |
(4)
|
3
|
| Share-based compensation expense |
2
|
7
|
| Change in assets and liabilities: |
|
|
| Merchandise inventories |
(117)
|
(150)
|
| Accounts payable |
(16)
|
(25)
|
| Accrued and other liabilities |
(87)
|
(80)
|
| Other, net |
(1)
|
10
|
| Net cash used in operating activities |
(118)
|
(21)
|
| From investing activities: |
|
|
| Capital expenditures |
(59)
|
(95)
|
| Purchase of business, net of cash acquired |
0
|
(7)
|
| Minority investments |
0
|
(3)
|
| Net cash used in investing activities |
(59)
|
(105)
|
| From financing activities: |
|
|
| Dividends paid on common stock |
(38)
|
(38)
|
| Purchase of treasury shares |
0
|
(89)
|
| Payment of obligations under finance leases |
(2)
|
(2)
|
| Shares of common stock repurchased to satisfy tax withholding obligations |
(10)
|
(1)
|
| Proceeds from exercise of stock options |
4
|
2
|
| Net cash used in financing activities |
(46)
|
(128)
|
| Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash |
0
|
(1)
|
| Net change in cash, cash equivalents, and restricted cash |
(223)
|
(255)
|
| Cash, cash equivalents, and restricted cash at beginning of year |
582
|
850
|
| Cash, cash equivalents, and restricted cash at end of period |
359
|
595
|
| Supplemental information: |
|
|
| Interest paid |
8
|
8
|
| Income taxes paid |
23
|
18
|
| Cash paid for amounts included in measurement of operating lease liabilities |
170
|
174
|
| Cash paid for amounts included in measurement of finance lease liabilities |
2
|
2
|
| Right-of-use assets obtained in exchange for operating lease obligations |
$ 34
|
$ 138
|