v3.19.1
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

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