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
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