| Condensed Consolidating Balance Sheet |
Condensed Consolidating Balance Sheet
As of January 28, 2012
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
ASSETS: |
|
|
|
|
|
|
|
|
|
Current Assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
2,533 |
|
|
$ |
38 |
|
|
$ |
256 |
|
|
$ |
— |
|
|
$ |
2,827 |
|
Receivables |
— |
|
|
58 |
|
|
310 |
|
|
— |
|
|
368 |
|
Merchandise inventories |
— |
|
|
2,722 |
|
|
2,395 |
|
|
— |
|
|
5,117 |
|
Prepaid expenses and other current assets |
— |
|
|
152 |
|
|
313 |
|
|
— |
|
|
465 |
|
Total Current Assets |
2,533 |
|
|
2,970 |
|
|
3,274 |
|
|
— |
|
|
8,777 |
|
Property and Equipment – net |
— |
|
|
4,827 |
|
|
3,593 |
|
|
— |
|
|
8,420 |
|
Goodwill |
— |
|
|
3,315 |
|
|
428 |
|
|
— |
|
|
3,743 |
|
Other Intangible Assets – net |
— |
|
|
153 |
|
|
445 |
|
|
— |
|
|
598 |
|
Other Assets |
4 |
|
|
73 |
|
|
480 |
|
|
— |
|
|
557 |
|
Intercompany Receivable |
520 |
|
|
— |
|
|
2,963 |
|
|
(3,483 |
) |
|
— |
|
Investment in Subsidiaries |
3,210 |
|
|
2,435 |
|
|
— |
|
|
(5,645 |
) |
|
— |
|
Total Assets |
$ |
6,267 |
|
|
$ |
13,773 |
|
|
$ |
11,183 |
|
|
$ |
(9,128 |
) |
|
$ |
22,095 |
|
LIABILITIES AND SHAREHOLDERS’ EQUITY: |
|
|
|
|
|
|
|
|
|
Current Liabilities: |
|
|
|
|
|
|
|
|
|
Short-term debt |
$ |
— |
|
|
$ |
1,099 |
|
|
$ |
4 |
|
|
$ |
— |
|
|
$ |
1,103 |
|
Merchandise accounts payable |
— |
|
|
731 |
|
|
862 |
|
|
— |
|
|
1,593 |
|
Accounts payable and accrued liabilities |
248 |
|
|
1,103 |
|
|
1,437 |
|
|
— |
|
|
2,788 |
|
Income taxes |
46 |
|
|
29 |
|
|
296 |
|
|
— |
|
|
371 |
|
Deferred income taxes |
— |
|
|
314 |
|
|
94 |
|
|
— |
|
|
408 |
|
Total Current Liabilities |
294 |
|
|
3,276 |
|
|
2,693 |
|
|
— |
|
|
6,263 |
|
Long-Term Debt |
— |
|
|
6,630 |
|
|
25 |
|
|
— |
|
|
6,655 |
|
Intercompany Payable |
— |
|
|
3,483 |
|
|
— |
|
|
(3,483 |
) |
|
— |
|
Deferred Income Taxes |
4 |
|
|
351 |
|
|
786 |
|
|
— |
|
|
1,141 |
|
Other Liabilities |
36 |
|
|
771 |
|
|
1,296 |
|
|
— |
|
|
2,103 |
|
Shareholders' Equity (Deficit) |
5,933 |
|
|
(738 |
) |
|
6,383 |
|
|
(5,645 |
) |
|
5,933 |
|
Total Liabilities and Shareholders' Equity |
$ |
6,267 |
|
|
$ |
13,773 |
|
|
$ |
11,183 |
|
|
$ |
(9,128 |
) |
|
$ |
22,095 |
|
Condensed Consolidating Balance Sheet
As of July 28, 2012
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
ASSETS: |
|
|
|
|
|
|
|
|
|
Current Assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
1,303 |
|
|
$ |
32 |
|
|
$ |
269 |
|
|
$ |
— |
|
|
$ |
1,604 |
|
Receivables |
— |
|
|
76 |
|
|
283 |
|
|
— |
|
|
359 |
|
Merchandise inventories |
— |
|
|
2,607 |
|
|
2,429 |
|
|
— |
|
|
5,036 |
|
Prepaid expenses and other current assets |
— |
|
|
96 |
|
|
291 |
|
|
— |
|
|
387 |
|
Income taxes |
20 |
|
|
— |
|
|
— |
|
|
(20 |
) |
|
— |
|
Total Current Assets |
1,323 |
|
|
2,811 |
|
|
3,272 |
|
|
(20 |
) |
|
7,386 |
|
Property and Equipment – net |
— |
|
|
4,716 |
|
|
3,575 |
|
|
— |
|
|
8,291 |
|
Goodwill |
— |
|
|
3,315 |
|
|
428 |
|
|
— |
|
|
3,743 |
|
Other Intangible Assets – net |
— |
|
|
138 |
|
|
442 |
|
|
— |
|
|
580 |
|
Other Assets |
3 |
|
|
67 |
|
|
495 |
|
|
— |
|
|
565 |
|
Deferred Income Tax Assets |
11 |
|
|
— |
|
|
— |
|
|
(11 |
) |
|
— |
|
Intercompany Receivable |
1,281 |
|
|
— |
|
|
2,847 |
|
|
(4,128 |
) |
|
— |
|
Investment in Subsidiaries |
3,430 |
|
|
2,636 |
|
|
— |
|
|
(6,066 |
) |
|
— |
|
Total Assets |
$ |
6,048 |
|
|
$ |
13,683 |
|
|
$ |
11,059 |
|
|
$ |
(10,225 |
) |
|
$ |
20,565 |
|
LIABILITIES AND SHAREHOLDERS’ EQUITY: |
|
|
|
|
|
|
|
|
|
Current Liabilities: |
|
|
|
|
|
|
|
|
|
Short-term debt |
$ |
— |
|
|
$ |
310 |
|
|
$ |
3 |
|
|
$ |
— |
|
|
$ |
313 |
|
Merchandise accounts payable |
— |
|
|
890 |
|
|
1,005 |
|
|
— |
|
|
1,895 |
|
Accounts payable and accrued liabilities |
113 |
|
|
825 |
|
|
1,140 |
|
|
— |
|
|
2,078 |
|
Income taxes |
— |
|
|
63 |
|
|
115 |
|
|
(20 |
) |
|
158 |
|
Deferred income taxes |
— |
|
|
317 |
|
|
93 |
|
|
— |
|
|
410 |
|
Total Current Liabilities |
113 |
|
|
2,405 |
|
|
2,356 |
|
|
(20 |
) |
|
4,854 |
|
Long-Term Debt |
— |
|
|
6,613 |
|
|
24 |
|
|
— |
|
|
6,637 |
|
Intercompany Payable |
— |
|
|
4,128 |
|
|
— |
|
|
(4,128 |
) |
|
— |
|
Deferred Income Taxes |
— |
|
|
373 |
|
|
772 |
|
|
(11 |
) |
|
1,134 |
|
Other Liabilities |
32 |
|
|
757 |
|
|
1,248 |
|
|
— |
|
|
2,037 |
|
Shareholders' Equity (Deficit) |
5,903 |
|
|
(593 |
) |
|
6,659 |
|
|
(6,066 |
) |
|
5,903 |
|
Total Liabilities and Shareholders' Equity |
$ |
6,048 |
|
|
$ |
13,683 |
|
|
$ |
11,059 |
|
|
$ |
(10,225 |
) |
|
$ |
20,565 |
|
Condensed Consolidating Balance Sheet
As of July 30, 2011
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
ASSETS: |
|
|
|
|
|
|
|
|
|
Current Assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
1,182 |
|
|
$ |
34 |
|
|
$ |
279 |
|
|
$ |
— |
|
|
$ |
1,495 |
|
Receivables |
— |
|
|
59 |
|
|
237 |
|
|
— |
|
|
296 |
|
Merchandise inventories |
— |
|
|
2,609 |
|
|
2,339 |
|
|
— |
|
|
4,948 |
|
Prepaid expenses and other current assets |
— |
|
|
101 |
|
|
282 |
|
|
— |
|
|
383 |
|
Income taxes |
4 |
|
|
— |
|
|
— |
|
|
(4 |
) |
|
— |
|
Total Current Assets |
1,186 |
|
|
2,803 |
|
|
3,137 |
|
|
(4 |
) |
|
7,122 |
|
Property and Equipment – net |
— |
|
|
4,853 |
|
|
3,653 |
|
|
— |
|
|
8,506 |
|
Goodwill |
— |
|
|
3,315 |
|
|
428 |
|
|
— |
|
|
3,743 |
|
Other Intangible Assets – net |
— |
|
|
168 |
|
|
450 |
|
|
— |
|
|
618 |
|
Other Assets |
4 |
|
|
84 |
|
|
431 |
|
|
— |
|
|
519 |
|
Deferred Income Tax Assets |
13 |
|
|
— |
|
|
— |
|
|
(13 |
) |
|
— |
|
Intercompany Receivable |
1,829 |
|
|
— |
|
|
2,733 |
|
|
(4,562 |
) |
|
— |
|
Investment in Subsidiaries |
3,078 |
|
|
2,764 |
|
|
— |
|
|
(5,842 |
) |
|
— |
|
Total Assets |
$ |
6,110 |
|
|
$ |
13,987 |
|
|
$ |
10,832 |
|
|
$ |
(10,421 |
) |
|
$ |
20,508 |
|
LIABILITIES AND SHAREHOLDERS’ EQUITY: |
|
|
|
|
|
|
|
|
|
Current Liabilities: |
|
|
|
|
|
|
|
|
|
Short-term debt |
$ |
— |
|
|
$ |
911 |
|
|
$ |
3 |
|
|
$ |
— |
|
|
$ |
914 |
|
Merchandise accounts payable |
— |
|
|
948 |
|
|
1,008 |
|
|
— |
|
|
1,956 |
|
Accounts payable and accrued liabilities |
113 |
|
|
833 |
|
|
1,056 |
|
|
— |
|
|
2,002 |
|
Income taxes |
— |
|
|
52 |
|
|
71 |
|
|
(4 |
) |
|
119 |
|
Deferred income taxes |
— |
|
|
289 |
|
|
91 |
|
|
— |
|
|
380 |
|
Total Current Liabilities |
113 |
|
|
3,033 |
|
|
2,229 |
|
|
(4 |
) |
|
5,371 |
|
Long-Term Debt |
— |
|
|
6,135 |
|
|
27 |
|
|
— |
|
|
6,162 |
|
Intercompany Payable |
— |
|
|
4,562 |
|
|
— |
|
|
(4,562 |
) |
|
— |
|
Deferred Income Taxes |
— |
|
|
438 |
|
|
912 |
|
|
(13 |
) |
|
1,337 |
|
Other Liabilities |
34 |
|
|
681 |
|
|
960 |
|
|
— |
|
|
1,675 |
|
Shareholders' Equity (Deficit) |
5,963 |
|
|
(862 |
) |
|
6,704 |
|
|
(5,842 |
) |
|
5,963 |
|
Total Liabilities and Shareholders' Equity |
$ |
6,110 |
|
|
$ |
13,987 |
|
|
$ |
10,832 |
|
|
$ |
(10,421 |
) |
|
$ |
20,508 |
|
|
| Condensed Consolidating Statement of Comprehensive Income (Loss) |
Condensed Consolidating Statement of Comprehensive Income
For the 13 Weeks Ended July 30, 2011
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
Net sales |
$ |
— |
|
|
$ |
3,033 |
|
|
$ |
4,515 |
|
|
$ |
(1,609 |
) |
|
$ |
5,939 |
|
Cost of sales |
— |
|
|
(1,792 |
) |
|
(3,261 |
) |
|
1,596 |
|
|
(3,457 |
) |
Gross margin |
— |
|
|
1,241 |
|
|
1,254 |
|
|
(13 |
) |
|
2,482 |
|
Selling, general and administrative expenses |
(2 |
) |
|
(1,024 |
) |
|
(963 |
) |
|
13 |
|
|
(1,976 |
) |
Operating income (loss) |
(2 |
) |
|
217 |
|
|
291 |
|
|
— |
|
|
506 |
|
Interest (expense) income, net: |
|
|
|
|
|
|
|
|
|
External |
1 |
|
|
(112 |
) |
|
— |
|
|
— |
|
|
(111 |
) |
Intercompany |
— |
|
|
(47 |
) |
|
47 |
|
|
— |
|
|
— |
|
Equity in earnings of subsidiaries |
242 |
|
|
62 |
|
|
— |
|
|
(304 |
) |
|
— |
|
Income before income taxes |
241 |
|
|
120 |
|
|
338 |
|
|
(304 |
) |
|
395 |
|
Federal, state and local income tax expense |
— |
|
|
(25 |
) |
|
(129 |
) |
|
— |
|
|
(154 |
) |
Net income |
$ |
241 |
|
|
$ |
95 |
|
|
$ |
209 |
|
|
$ |
(304 |
) |
|
$ |
241 |
|
Comprehensive income |
$ |
255 |
|
|
$ |
109 |
|
|
$ |
216 |
|
|
$ |
(325 |
) |
|
$ |
255 |
|
Condensed Consolidating Statement of Comprehensive Income
For the 26 Weeks Ended July 30, 2011
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
Net sales |
$ |
— |
|
|
$ |
6,026 |
|
|
$ |
9,455 |
|
|
$ |
(3,653 |
) |
|
$ |
11,828 |
|
Cost of sales |
— |
|
|
(3,715 |
) |
|
(6,954 |
) |
|
3,626 |
|
|
(7,043 |
) |
Gross margin |
— |
|
|
2,311 |
|
|
2,501 |
|
|
(27 |
) |
|
4,785 |
|
Selling, general and administrative expenses |
(4 |
) |
|
(2,129 |
) |
|
(1,843 |
) |
|
27 |
|
|
(3,949 |
) |
Operating income (loss) |
(4 |
) |
|
182 |
|
|
658 |
|
|
— |
|
|
836 |
|
Interest (expense) income, net: |
|
|
|
|
|
|
|
|
|
External |
1 |
|
|
(228 |
) |
|
— |
|
|
— |
|
|
(227 |
) |
Intercompany |
— |
|
|
(97 |
) |
|
97 |
|
|
— |
|
|
— |
|
Equity in earnings of subsidiaries |
374 |
|
|
154 |
|
|
— |
|
|
(528 |
) |
|
— |
|
Income before income taxes |
371 |
|
|
11 |
|
|
755 |
|
|
(528 |
) |
|
609 |
|
Federal, state and local income
tax benefit (expense) |
1 |
|
|
31 |
|
|
(269 |
) |
|
— |
|
|
(237 |
) |
Net income |
$ |
372 |
|
|
$ |
42 |
|
|
$ |
486 |
|
|
$ |
(528 |
) |
|
$ |
372 |
|
Comprehensive income |
$ |
389 |
|
|
$ |
59 |
|
|
$ |
498 |
|
|
$ |
(557 |
) |
|
$ |
389 |
|
Condensed Consolidating Statement of Comprehensive Income
For the 13 Weeks Ended July 28, 2012
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
Net sales |
$ |
— |
|
|
$ |
3,004 |
|
|
$ |
4,708 |
|
|
$ |
(1,594 |
) |
|
$ |
6,118 |
|
Cost of sales |
— |
|
|
(1,783 |
) |
|
(3,352 |
) |
|
1,580 |
|
|
(3,555 |
) |
Gross margin |
— |
|
|
1,221 |
|
|
1,356 |
|
|
(14 |
) |
|
2,563 |
|
Selling, general and administrative expenses |
(2 |
) |
|
(1,090 |
) |
|
(931 |
) |
|
14 |
|
|
(2,009 |
) |
Operating income (loss) |
(2 |
) |
|
131 |
|
|
425 |
|
|
— |
|
|
554 |
|
Interest (expense) income, net: |
|
|
|
|
|
|
|
|
|
External |
— |
|
|
(104 |
) |
|
(1 |
) |
|
— |
|
|
(105 |
) |
Intercompany |
— |
|
|
(36 |
) |
|
36 |
|
|
— |
|
|
— |
|
Equity in earnings of subsidiaries |
279 |
|
|
130 |
|
|
— |
|
|
(409 |
) |
|
— |
|
Income before income taxes |
277 |
|
|
121 |
|
|
460 |
|
|
(409 |
) |
|
449 |
|
Federal, state and local income
tax benefit (expense) |
2 |
|
|
2 |
|
|
(174 |
) |
|
— |
|
|
(170 |
) |
Net income |
$ |
279 |
|
|
$ |
123 |
|
|
$ |
286 |
|
|
$ |
(409 |
) |
|
$ |
279 |
|
Comprehensive income |
$ |
303 |
|
|
$ |
147 |
|
|
$ |
296 |
|
|
$ |
(443 |
) |
|
$ |
303 |
|
Condensed Consolidating Statement of Comprehensive Income
For the 26 Weeks Ended July 28, 2012
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
Net sales |
$ |
— |
|
|
$ |
6,045 |
|
|
$ |
9,852 |
|
|
$ |
(3,636 |
) |
|
$ |
12,261 |
|
Cost of sales |
— |
|
|
(3,739 |
) |
|
(7,181 |
) |
|
3,608 |
|
|
(7,312 |
) |
Gross margin |
— |
|
|
2,306 |
|
|
2,671 |
|
|
(28 |
) |
|
4,949 |
|
Selling, general and administrative expenses |
(4 |
) |
|
(2,150 |
) |
|
(1,878 |
) |
|
28 |
|
|
(4,004 |
) |
Operating income (loss) |
(4 |
) |
|
156 |
|
|
793 |
|
|
— |
|
|
945 |
|
Interest (expense) income, net: |
|
|
|
|
|
|
|
|
|
External |
1 |
|
|
(217 |
) |
|
(1 |
) |
|
— |
|
|
(217 |
) |
Intercompany |
(1 |
) |
|
(71 |
) |
|
72 |
|
|
— |
|
|
— |
|
Equity in earnings of subsidiaries |
462 |
|
|
193 |
|
|
— |
|
|
(655 |
) |
|
— |
|
Income before income taxes |
458 |
|
|
61 |
|
|
864 |
|
|
(655 |
) |
|
728 |
|
Federal, state and local income
tax benefit (expense) |
2 |
|
|
37 |
|
|
(307 |
) |
|
— |
|
|
(268 |
) |
Net income |
$ |
460 |
|
|
$ |
98 |
|
|
$ |
557 |
|
|
$ |
(655 |
) |
|
$ |
460 |
|
Comprehensive income |
$ |
507 |
|
|
$ |
145 |
|
|
$ |
577 |
|
|
$ |
(722 |
) |
|
$ |
507 |
|
|
| Condensed Consolidating Statement of Cash Flows |
Condensed Consolidating Statement of Cash Flows
For the 26 Weeks Ended July 28, 2012
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
Cash flows from operating activities: |
|
|
|
|
|
|
|
|
|
Net income |
$ |
460 |
|
|
$ |
98 |
|
|
$ |
557 |
|
|
$ |
(655 |
) |
|
$ |
460 |
|
Equity in earnings of subsidiaries |
(462 |
) |
|
(193 |
) |
|
— |
|
|
655 |
|
|
— |
|
Dividends received from subsidiaries |
323 |
|
|
— |
|
|
— |
|
|
(323 |
) |
|
— |
|
Depreciation and amortization |
— |
|
|
235 |
|
|
278 |
|
|
— |
|
|
513 |
|
(Increase) decrease in working capital |
(87 |
) |
|
75 |
|
|
(345 |
) |
|
— |
|
|
(357 |
) |
Other, net |
(17 |
) |
|
41 |
|
|
(2 |
) |
|
— |
|
|
22 |
|
Net cash provided by operating activities |
217 |
|
|
256 |
|
|
488 |
|
|
(323 |
) |
|
638 |
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
Purchase of property and equipment and capitalized software, net |
— |
|
|
(116 |
) |
|
(280 |
) |
|
— |
|
|
(396 |
) |
Other, net |
— |
|
|
— |
|
|
3 |
|
|
— |
|
|
3 |
|
Net cash used by investing activities |
— |
|
|
(116 |
) |
|
(277 |
) |
|
— |
|
|
(393 |
) |
Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
Debt repaid |
— |
|
|
(795 |
) |
|
(2 |
) |
|
— |
|
|
(797 |
) |
Dividends paid |
(165 |
) |
|
— |
|
|
(323 |
) |
|
323 |
|
|
(165 |
) |
Common stock acquired, net of
issuance of common stock |
(463 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(463 |
) |
Intercompany activity, net |
(767 |
) |
|
649 |
|
|
118 |
|
|
— |
|
|
— |
|
Other, net |
(52 |
) |
|
— |
|
|
9 |
|
|
— |
|
|
(43 |
) |
Net cash used by financing activities |
(1,447 |
) |
|
(146 |
) |
|
(198 |
) |
|
323 |
|
|
(1,468 |
) |
Net increase (decrease) in cash
and cash equivalents |
(1,230 |
) |
|
(6 |
) |
|
13 |
|
|
— |
|
|
(1,223 |
) |
Cash and cash equivalents at beginning of period |
2,533 |
|
|
38 |
|
|
256 |
|
|
— |
|
|
2,827 |
|
Cash and cash equivalents at end of period |
$ |
1,303 |
|
|
$ |
32 |
|
|
$ |
269 |
|
|
$ |
— |
|
|
$ |
1,604 |
|
Condensed Consolidating Statement of Cash Flows
For the 26 Weeks Ended July 30, 2011
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
Cash flows from operating activities: |
|
|
|
|
|
|
|
|
|
Net income |
$ |
372 |
|
|
$ |
42 |
|
|
$ |
486 |
|
|
$ |
(528 |
) |
|
$ |
372 |
|
Equity in earnings of subsidiaries |
(374 |
) |
|
(154 |
) |
|
— |
|
|
528 |
|
|
— |
|
Dividends received from subsidiaries |
222 |
|
|
— |
|
|
— |
|
|
(222 |
) |
|
— |
|
Depreciation and amortization |
— |
|
|
257 |
|
|
279 |
|
|
— |
|
|
536 |
|
(Increase) decrease in working capital |
(32 |
) |
|
92 |
|
|
(287 |
) |
|
— |
|
|
(227 |
) |
Other, net |
(13 |
) |
|
(7 |
) |
|
(74 |
) |
|
— |
|
|
(94 |
) |
Net cash provided by operating activities |
175 |
|
|
230 |
|
|
404 |
|
|
(222 |
) |
|
587 |
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
Purchase of property and equipment and capitalized software, net |
— |
|
|
(81 |
) |
|
(159 |
) |
|
— |
|
|
(240 |
) |
Other, net |
— |
|
|
38 |
|
|
(20 |
) |
|
— |
|
|
18 |
|
Net cash used by investing activities |
— |
|
|
(43 |
) |
|
(179 |
) |
|
— |
|
|
(222 |
) |
Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
Debt repaid |
— |
|
|
(336 |
) |
|
(1 |
) |
|
— |
|
|
(337 |
) |
Dividends paid |
(64 |
) |
|
— |
|
|
(222 |
) |
|
222 |
|
|
(64 |
) |
Issuance of common stock, net of
common stock acquired |
81 |
|
|
— |
|
|
— |
|
|
— |
|
|
81 |
|
Intercompany activity, net |
(153 |
) |
|
149 |
|
|
4 |
|
|
— |
|
|
— |
|
Other, net |
(31 |
) |
|
(7 |
) |
|
24 |
|
|
— |
|
|
(14 |
) |
Net cash used by financing activities |
(167 |
) |
|
(194 |
) |
|
(195 |
) |
|
222 |
|
|
(334 |
) |
Net increase (decrease) in cash and
cash equivalents |
8 |
|
|
(7 |
) |
|
30 |
|
|
— |
|
|
31 |
|
Cash and cash equivalents at beginning of period |
1,174 |
|
|
41 |
|
|
249 |
|
|
— |
|
|
1,464 |
|
Cash and cash equivalents at end of period |
$ |
1,182 |
|
|
$ |
34 |
|
|
$ |
279 |
|
|
$ |
— |
|
|
$ |
1,495 |
|
|