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. 30, 2011
May 01, 2010
Cash flows from operating activities:    
Net income $ 131 $ 23
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation and amortization 268 287
Stock-based compensation expense 16 29
Amortization of financing costs and premium on acquired debt (4) (6)
Changes in assets and liabilities:    
Decrease in receivables 113 71
Increase in merchandise inventories (401) (306)
Increase in prepaid expenses and other current assets (28) (43)
(Increase) decrease in other assets not separately identified (2) 1
Increase in merchandise accounts payable 655 639
Decrease in accounts payable and accrued liabilities not separately identified (415) (453)
Decrease in current income taxes (114) (12)
Increase (decrease) in deferred income taxes 69 (16)
Decrease in other liabilities not separately identified (221) (363)
Net cash provided (used) by operating activities 67 (149)
Cash flows from investing activities:    
Purchase of property and equipment (61) (36)
Capitalized software (33) (24)
Disposition of property and equipment 4 1
Other, net 26 15
Net cash provided (used) by investing activities (64) (44)
Cash flows from financing activities:    
Debt repaid (335) (505)
Dividends paid (21) (21)
Increase in outstanding checks 10 1
Acquisition of treasury stock (2) (1)
Issuance of common stock 33 14
Net cash provided (used) by financing activities (315) (512)
Net increase (decrease) in cash and cash equivalents (312) (705)
Cash and cash equivalents at beginning of period 1,464 1,686
Cash and cash equivalents at end of period 1,152 981
Supplemental cash flow information:    
Interest paid 101 150
Interest received 1 1
Income taxes paid (net of refunds received) $ 123 $ 78