Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Apr. 29, 2017
Apr. 30, 2016
Cash flows from operating activities    
Net income/(loss) $ (180) $ (68)
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:    
Restructuring and management transition 77 (1)
Asset impairments and other charges 1 1
Net gain on sale of non-operating assets 0 (5)
Net gain on sale of operating assets (117) (8)
(Gain)/loss on extinguishment of debt 0 (4)
Depreciation and amortization 145 154
Benefit plans 111 (12)
Stock-based compensation 7 10
Deferred taxes (18) (3)
Change in cash from:    
Inventory (95) (204)
Prepaid expenses and other (71) (59)
Merchandise accounts payable (84) 70
Current income taxes 5 (1)
Accrued expenses and other (127) (264)
Net cash provided by/(used in) operating activities (346) (394)
Cash flows from investing activities    
Capital expenditures (83) (39)
Net proceeds from sale of non-operating assets 0 2
Net proceeds from sale of operating assets 136 12
Joint venture return of investment 8 14
Net cash provided by/(used in) investing activities 61 (11)
Cash flows from financing activities    
Payments of capital leases, financing obligation and note payable (6) (14)
Payments of long-term debt (230) (62)
Proceeds from stock options exercised 0 1
Tax withholding payments for vested restricted stock (3) (5)
Net cash provided by/(used in) financing activities (239) (80)
Net increase/(decrease) in cash and cash equivalents (524) (485)
Cash and cash equivalents at beginning of period 887 900
Cash and cash equivalents at end of period 363 415
Supplemental cash flow information    
Income taxes received/(paid), net (1) (3)
Interest received/(paid), net (104) (122)
Supplemental non-cash investing and financing activity    
Increase/(decrease) in other accounts payable related to purchases of property and equipment and software $ 5 $ 41