| 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 October 27, 2012
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
ASSETS: |
|
|
|
|
|
|
|
|
|
Current Assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
938 |
|
|
$ |
36 |
|
|
$ |
290 |
|
|
$ |
— |
|
|
$ |
1,264 |
|
Receivables |
— |
|
|
31 |
|
|
250 |
|
|
— |
|
|
281 |
|
Merchandise inventories |
— |
|
|
3,712 |
|
|
3,496 |
|
|
— |
|
|
7,208 |
|
Prepaid expenses and other current assets |
— |
|
|
103 |
|
|
307 |
|
|
— |
|
|
410 |
|
Income taxes |
127 |
|
|
— |
|
|
— |
|
|
(127 |
) |
|
— |
|
Total Current Assets |
1,065 |
|
|
3,882 |
|
|
4,343 |
|
|
(127 |
) |
|
9,163 |
|
Property and Equipment – net |
— |
|
|
4,696 |
|
|
3,516 |
|
|
— |
|
|
8,212 |
|
Goodwill |
— |
|
|
3,315 |
|
|
428 |
|
|
— |
|
|
3,743 |
|
Other Intangible Assets – net |
— |
|
|
131 |
|
|
439 |
|
|
— |
|
|
570 |
|
Other Assets |
4 |
|
|
65 |
|
|
513 |
|
|
— |
|
|
582 |
|
Deferred Income Tax Assets |
11 |
|
|
— |
|
|
— |
|
|
(11 |
) |
|
— |
|
Intercompany Receivable |
1,260 |
|
|
— |
|
|
3,114 |
|
|
(4,374 |
) |
|
— |
|
Investment in Subsidiaries |
3,467 |
|
|
2,675 |
|
|
— |
|
|
(6,142 |
) |
|
— |
|
Total Assets |
$ |
5,807 |
|
|
$ |
14,764 |
|
|
$ |
12,353 |
|
|
$ |
(10,654 |
) |
|
$ |
22,270 |
|
LIABILITIES AND SHAREHOLDERS’ EQUITY: |
|
|
|
|
|
|
|
|
|
Current Liabilities: |
|
|
|
|
|
|
|
|
|
Short-term debt |
$ |
— |
|
|
$ |
121 |
|
|
$ |
2 |
|
|
$ |
— |
|
|
$ |
123 |
|
Merchandise accounts payable |
— |
|
|
1,730 |
|
|
1,897 |
|
|
— |
|
|
3,627 |
|
Accounts payable and accrued liabilities |
212 |
|
|
919 |
|
|
1,288 |
|
|
— |
|
|
2,419 |
|
Income taxes |
— |
|
|
54 |
|
|
162 |
|
|
(127 |
) |
|
89 |
|
Deferred income taxes |
— |
|
|
322 |
|
|
104 |
|
|
— |
|
|
426 |
|
Total Current Liabilities |
212 |
|
|
3,146 |
|
|
3,453 |
|
|
(127 |
) |
|
6,684 |
|
Long-Term Debt |
— |
|
|
6,793 |
|
|
24 |
|
|
— |
|
|
6,817 |
|
Intercompany Payable |
— |
|
|
4,374 |
|
|
— |
|
|
(4,374 |
) |
|
— |
|
Deferred Income Taxes |
— |
|
|
389 |
|
|
804 |
|
|
(11 |
) |
|
1,182 |
|
Other Liabilities |
32 |
|
|
746 |
|
|
1,246 |
|
|
— |
|
|
2,024 |
|
Shareholders' Equity (Deficit) |
5,563 |
|
|
(684 |
) |
|
6,826 |
|
|
(6,142 |
) |
|
5,563 |
|
Total Liabilities and Shareholders' Equity |
$ |
5,807 |
|
|
$ |
14,764 |
|
|
$ |
12,353 |
|
|
$ |
(10,654 |
) |
|
$ |
22,270 |
|
Condensed Consolidating Balance Sheet
As of October 29, 2011
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
ASSETS: |
|
|
|
|
|
|
|
|
|
Current Assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
779 |
|
|
$ |
34 |
|
|
$ |
284 |
|
|
$ |
— |
|
|
$ |
1,097 |
|
Receivables |
— |
|
|
49 |
|
|
239 |
|
|
— |
|
|
288 |
|
Merchandise inventories |
— |
|
|
3,781 |
|
|
3,377 |
|
|
— |
|
|
7,158 |
|
Prepaid expenses and other current assets |
— |
|
|
102 |
|
|
306 |
|
|
— |
|
|
408 |
|
Income taxes |
44 |
|
|
— |
|
|
— |
|
|
(44 |
) |
|
— |
|
Total Current Assets |
823 |
|
|
3,966 |
|
|
4,206 |
|
|
(44 |
) |
|
8,951 |
|
Property and Equipment – net |
— |
|
|
4,812 |
|
|
3,611 |
|
|
— |
|
|
8,423 |
|
Goodwill |
— |
|
|
3,315 |
|
|
428 |
|
|
— |
|
|
3,743 |
|
Other Intangible Assets – net |
— |
|
|
161 |
|
|
447 |
|
|
— |
|
|
608 |
|
Other Assets |
4 |
|
|
92 |
|
|
442 |
|
|
— |
|
|
538 |
|
Deferred Income Tax Assets |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Intercompany Receivable |
2,176 |
|
|
— |
|
|
2,954 |
|
|
(5,130 |
) |
|
— |
|
Investment in Subsidiaries |
3,094 |
|
|
2,790 |
|
|
— |
|
|
(5,884 |
) |
|
— |
|
Total Assets |
$ |
6,097 |
|
|
$ |
15,136 |
|
|
$ |
12,088 |
|
|
$ |
(11,058 |
) |
|
$ |
22,263 |
|
LIABILITIES AND SHAREHOLDERS’ EQUITY: |
|
|
|
|
|
|
|
|
|
Current Liabilities: |
|
|
|
|
|
|
|
|
|
Short-term debt |
$ |
— |
|
|
$ |
802 |
|
|
$ |
3 |
|
|
$ |
— |
|
|
$ |
805 |
|
Merchandise accounts payable |
— |
|
|
1,748 |
|
|
1,828 |
|
|
— |
|
|
3,576 |
|
Accounts payable and accrued liabilities |
211 |
|
|
928 |
|
|
1,236 |
|
|
— |
|
|
2,375 |
|
Income taxes |
— |
|
|
30 |
|
|
80 |
|
|
(44 |
) |
|
66 |
|
Deferred income taxes |
— |
|
|
293 |
|
|
95 |
|
|
— |
|
|
388 |
|
Total Current Liabilities |
211 |
|
|
3,801 |
|
|
3,242 |
|
|
(44 |
) |
|
7,210 |
|
Long-Term Debt |
— |
|
|
6,125 |
|
|
26 |
|
|
— |
|
|
6,151 |
|
Intercompany Payable |
— |
|
|
5,130 |
|
|
— |
|
|
(5,130 |
) |
|
— |
|
Deferred Income Taxes |
1 |
|
|
446 |
|
|
955 |
|
|
— |
|
|
1,402 |
|
Other Liabilities |
33 |
|
|
648 |
|
|
967 |
|
|
— |
|
|
1,648 |
|
Shareholders' Equity (Deficit) |
5,852 |
|
|
(1,014 |
) |
|
6,898 |
|
|
(5,884 |
) |
|
5,852 |
|
Total Liabilities and Shareholders' Equity |
$ |
6,097 |
|
|
$ |
15,136 |
|
|
$ |
12,088 |
|
|
$ |
(11,058 |
) |
|
$ |
22,263 |
|
|
| Condensed Consolidating Statement of Comprehensive Income (Loss) |
Condensed Consolidating Statement of Comprehensive Income
For the 13 Weeks Ended October 29, 2011
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
Net sales |
$ |
— |
|
|
$ |
2,941 |
|
|
$ |
5,733 |
|
|
$ |
(2,821 |
) |
|
$ |
5,853 |
|
Cost of sales |
— |
|
|
(1,899 |
) |
|
(4,452 |
) |
|
2,807 |
|
|
(3,544 |
) |
Gross margin |
— |
|
|
1,042 |
|
|
1,281 |
|
|
(14 |
) |
|
2,309 |
|
Selling, general and administrative expenses |
11 |
|
|
(1,174 |
) |
|
(869 |
) |
|
14 |
|
|
(2,018 |
) |
Operating income (loss) |
11 |
|
|
(132 |
) |
|
412 |
|
|
— |
|
|
291 |
|
Interest (expense) income, net: |
|
|
|
|
|
|
|
|
|
External |
— |
|
|
(108 |
) |
|
— |
|
|
— |
|
|
(108 |
) |
Intercompany |
(1 |
) |
|
(47 |
) |
|
48 |
|
|
— |
|
|
— |
|
Equity in earnings of subsidiaries |
132 |
|
|
21 |
|
|
— |
|
|
(153 |
) |
|
— |
|
Income (loss) before income taxes |
142 |
|
|
(266 |
) |
|
460 |
|
|
(153 |
) |
|
183 |
|
Federal, state and local income
tax benefit (expense) |
(3 |
) |
|
101 |
|
|
(142 |
) |
|
— |
|
|
(44 |
) |
Net income (loss) |
$ |
139 |
|
|
$ |
(165 |
) |
|
$ |
318 |
|
|
$ |
(153 |
) |
|
$ |
139 |
|
Comprehensive income (loss) |
$ |
153 |
|
|
$ |
(151 |
) |
|
$ |
324 |
|
|
$ |
(173 |
) |
|
$ |
153 |
|
Condensed Consolidating Statement of Comprehensive Income
For the 39 Weeks Ended October 29, 2011
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
Net sales |
$ |
— |
|
|
$ |
8,967 |
|
|
$ |
15,188 |
|
|
$ |
(6,474 |
) |
|
$ |
17,681 |
|
Cost of sales |
— |
|
|
(5,614 |
) |
|
(11,406 |
) |
|
6,433 |
|
|
(10,587 |
) |
Gross margin |
— |
|
|
3,353 |
|
|
3,782 |
|
|
(41 |
) |
|
7,094 |
|
Selling, general and administrative expenses |
7 |
|
|
(3,303 |
) |
|
(2,712 |
) |
|
41 |
|
|
(5,967 |
) |
Operating income |
7 |
|
|
50 |
|
|
1,070 |
|
|
— |
|
|
1,127 |
|
Interest (expense) income, net: |
|
|
|
|
|
|
|
|
|
External |
1 |
|
|
(336 |
) |
|
— |
|
|
— |
|
|
(335 |
) |
Intercompany |
(1 |
) |
|
(144 |
) |
|
145 |
|
|
— |
|
|
— |
|
Equity in earnings of subsidiaries |
506 |
|
|
175 |
|
|
— |
|
|
(681 |
) |
|
— |
|
Income (loss) before income taxes |
513 |
|
|
(255 |
) |
|
1,215 |
|
|
(681 |
) |
|
792 |
|
Federal, state and local income
tax benefit (expense) |
(2 |
) |
|
132 |
|
|
(411 |
) |
|
— |
|
|
(281 |
) |
Net income (loss) |
$ |
511 |
|
|
$ |
(123 |
) |
|
$ |
804 |
|
|
$ |
(681 |
) |
|
$ |
511 |
|
Comprehensive income (loss) |
$ |
542 |
|
|
$ |
(92 |
) |
|
$ |
822 |
|
|
$ |
(730 |
) |
|
$ |
542 |
|
Condensed Consolidating Statement of Comprehensive Income
For the 13 Weeks Ended October 27, 2012
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
Net sales |
$ |
— |
|
|
$ |
2,979 |
|
|
$ |
5,820 |
|
|
$ |
(2,724 |
) |
|
$ |
6,075 |
|
Cost of sales |
— |
|
|
(1,901 |
) |
|
(4,480 |
) |
|
2,709 |
|
|
(3,672 |
) |
Gross margin |
— |
|
|
1,078 |
|
|
1,340 |
|
|
(15 |
) |
|
2,403 |
|
Selling, general and administrative expenses |
(2 |
) |
|
(1,132 |
) |
|
(959 |
) |
|
15 |
|
|
(2,078 |
) |
Operating income (loss) |
(2 |
) |
|
(54 |
) |
|
381 |
|
|
— |
|
|
325 |
|
Interest (expense) income, net: |
|
|
|
|
|
|
|
|
|
External |
— |
|
|
(103 |
) |
|
— |
|
|
— |
|
|
(103 |
) |
Intercompany |
— |
|
|
(35 |
) |
|
35 |
|
|
— |
|
|
— |
|
Equity in earnings of subsidiaries |
147 |
|
|
29 |
|
|
— |
|
|
(176 |
) |
|
— |
|
Income (loss) before income taxes |
145 |
|
|
(163 |
) |
|
416 |
|
|
(176 |
) |
|
222 |
|
Federal, state and local income
tax benefit (expense) |
— |
|
|
50 |
|
|
(127 |
) |
|
— |
|
|
(77 |
) |
Net income (loss) |
$ |
145 |
|
|
$ |
(113 |
) |
|
$ |
289 |
|
|
$ |
(176 |
) |
|
$ |
145 |
|
Comprehensive income (loss) |
$ |
169 |
|
|
$ |
(89 |
) |
|
$ |
299 |
|
|
$ |
(210 |
) |
|
$ |
169 |
|
Condensed Consolidating Statement of Comprehensive Income
For the 39 Weeks Ended October 27, 2012
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
Net sales |
$ |
— |
|
|
$ |
9,024 |
|
|
$ |
15,672 |
|
|
$ |
(6,360 |
) |
|
$ |
18,336 |
|
Cost of sales |
— |
|
|
(5,640 |
) |
|
(11,661 |
) |
|
6,317 |
|
|
(10,984 |
) |
Gross margin |
— |
|
|
3,384 |
|
|
4,011 |
|
|
(43 |
) |
|
7,352 |
|
Selling, general and administrative expenses |
(6 |
) |
|
(3,282 |
) |
|
(2,837 |
) |
|
43 |
|
|
(6,082 |
) |
Operating income (loss) |
(6 |
) |
|
102 |
|
|
1,174 |
|
|
— |
|
|
1,270 |
|
Interest (expense) income, net: |
|
|
|
|
|
|
|
|
|
External |
1 |
|
|
(320 |
) |
|
(1 |
) |
|
— |
|
|
(320 |
) |
Intercompany |
(1 |
) |
|
(106 |
) |
|
107 |
|
|
— |
|
|
— |
|
Equity in earnings of subsidiaries |
609 |
|
|
222 |
|
|
— |
|
|
(831 |
) |
|
— |
|
Income (loss) before income taxes |
603 |
|
|
(102 |
) |
|
1,280 |
|
|
(831 |
) |
|
950 |
|
Federal, state and local income
tax benefit (expense) |
2 |
|
|
87 |
|
|
(434 |
) |
|
— |
|
|
(345 |
) |
Net income (loss) |
$ |
605 |
|
|
$ |
(15 |
) |
|
$ |
846 |
|
|
$ |
(831 |
) |
|
$ |
605 |
|
Comprehensive income |
$ |
676 |
|
|
$ |
56 |
|
|
$ |
876 |
|
|
$ |
(932 |
) |
|
$ |
676 |
|
|
| Condensed Consolidating Statement of Cash Flows |
Condensed Consolidating Statement of Cash Flows
For the 39 Weeks Ended October 27, 2012
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
Cash flows from operating activities: |
|
|
|
|
|
|
|
|
|
Net income (loss) |
$ |
605 |
|
|
$ |
(15 |
) |
|
$ |
846 |
|
|
$ |
(831 |
) |
|
$ |
605 |
|
Equity in earnings of subsidiaries |
(609 |
) |
|
(222 |
) |
|
— |
|
|
831 |
|
|
— |
|
Dividends received from subsidiaries |
455 |
|
|
|
|
|
— |
|
|
(455 |
) |
|
— |
|
Depreciation and amortization |
— |
|
|
356 |
|
|
426 |
|
|
— |
|
|
782 |
|
Increase in working capital |
(173 |
) |
|
(66 |
) |
|
(367 |
) |
|
— |
|
|
(606 |
) |
Other, net |
(17 |
) |
|
64 |
|
|
61 |
|
|
— |
|
|
108 |
|
Net cash provided by operating activities |
261 |
|
|
117 |
|
|
966 |
|
|
(455 |
) |
|
889 |
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
Purchase of property and equipment and capitalized software, net |
— |
|
|
(210 |
) |
|
(387 |
) |
|
— |
|
|
(597 |
) |
Other, net |
— |
|
|
— |
|
|
(18 |
) |
|
— |
|
|
(18 |
) |
Net cash used by investing activities |
— |
|
|
(210 |
) |
|
(405 |
) |
|
— |
|
|
(615 |
) |
Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
Debt repaid |
— |
|
|
(800 |
) |
|
(3 |
) |
|
— |
|
|
(803 |
) |
Dividends paid |
(246 |
) |
|
— |
|
|
(455 |
) |
|
455 |
|
|
(246 |
) |
Common stock acquired, net of
issuance of common stock |
(826 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(826 |
) |
Intercompany activity, net |
(733 |
) |
|
892 |
|
|
(159 |
) |
|
— |
|
|
— |
|
Other, net |
(51 |
) |
|
(1 |
) |
|
90 |
|
|
— |
|
|
38 |
|
Net cash provided (used) by
financing activities |
(1,856 |
) |
|
91 |
|
|
(527 |
) |
|
455 |
|
|
(1,837 |
) |
Net increase (decrease) in cash
and cash equivalents |
(1,595 |
) |
|
(2 |
) |
|
34 |
|
|
— |
|
|
(1,563 |
) |
Cash and cash equivalents at beginning of period |
2,533 |
|
|
38 |
|
|
256 |
|
|
— |
|
|
2,827 |
|
Cash and cash equivalents at end of period |
$ |
938 |
|
|
$ |
36 |
|
|
$ |
290 |
|
|
$ |
— |
|
|
$ |
1,264 |
|
Condensed Consolidating Statement of Cash Flows
For the 39 Weeks Ended October 29, 2011
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
Cash flows from operating activities: |
|
|
|
|
|
|
|
|
|
Net income (loss) |
$ |
511 |
|
|
$ |
(123 |
) |
|
$ |
804 |
|
|
$ |
(681 |
) |
|
$ |
511 |
|
Equity in earnings of subsidiaries |
(506 |
) |
|
(175 |
) |
|
— |
|
|
681 |
|
|
— |
|
Dividends received from subsidiaries |
352 |
|
|
— |
|
|
— |
|
|
(352 |
) |
|
— |
|
Depreciation and amortization |
— |
|
|
390 |
|
|
428 |
|
|
— |
|
|
818 |
|
Increase in working capital |
(73 |
) |
|
(213 |
) |
|
(432 |
) |
|
— |
|
|
(718 |
) |
Other, net |
1 |
|
|
23 |
|
|
(8 |
) |
|
— |
|
|
16 |
|
Net cash provided (used) by
operating activities |
285 |
|
|
(98 |
) |
|
792 |
|
|
(352 |
) |
|
627 |
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
Purchase of property and equipment and capitalized software, net |
— |
|
|
(194 |
) |
|
(278 |
) |
|
— |
|
|
(472 |
) |
Other, net |
— |
|
|
38 |
|
|
(38 |
) |
|
— |
|
|
— |
|
Net cash used by investing activities |
— |
|
|
(156 |
) |
|
(316 |
) |
|
— |
|
|
(472 |
) |
Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
Debt repaid |
— |
|
|
(449 |
) |
|
(2 |
) |
|
— |
|
|
(451 |
) |
Dividends paid |
(106 |
) |
|
— |
|
|
(352 |
) |
|
352 |
|
|
(106 |
) |
Acquisition of common stock, net of
common stock issued |
(97 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(97 |
) |
Intercompany activity, net |
(488 |
) |
|
705 |
|
|
(217 |
) |
|
— |
|
|
— |
|
Other, net |
11 |
|
|
(9 |
) |
|
130 |
|
|
— |
|
|
132 |
|
Net cash provided (used) by
financing activities |
(680 |
) |
|
247 |
|
|
(441 |
) |
|
352 |
|
|
(522 |
) |
Net increase (decrease) in cash and
cash equivalents |
(395 |
) |
|
(7 |
) |
|
35 |
|
|
— |
|
|
(367 |
) |
Cash and cash equivalents at beginning of period |
1,174 |
|
|
41 |
|
|
249 |
|
|
— |
|
|
1,464 |
|
Cash and cash equivalents at end of period |
$ |
779 |
|
|
$ |
34 |
|
|
$ |
284 |
|
|
$ |
— |
|
|
$ |
1,097 |
|
|