Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Nov. 01, 2025
Nov. 02, 2024
Cash flows from operating activities:    
Net income $ 135 $ 240
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment, restructuring and other costs (benefits) 33 (5)
Depreciation and amortization 672 657
Stock-based compensation expense 43 42
Gains on sale of real estate (44) (103)
Benefit plans 2 1
Amortization of financing costs and premium on acquired debt 7 9
Deferred income taxes 3 (48)
Changes in assets and liabilities:    
Decrease in receivables 116 68
Increase in merchandise inventories (1,832) (1,840)
Increase in prepaid expenses and other current assets (59) (19)
Increase in merchandise accounts payable 1,475 1,327
Decrease in accounts payable and accrued liabilities (193) (206)
Decrease in current income taxes (4) (71)
Change in other assets and liabilities (107) (82)
Net cash provided (used) by operating activities 247 (30)
Cash flows from investing activities:    
Purchase of property and equipment (272) (399)
Capitalized software (253) (250)
Proceeds from disposition of assets, net 95 187
Other, net 5 7
Net cash used by investing activities (425) (455)
Cash flows from financing activities:    
Debt issued 500 176
Debt issuance costs (13) (1)
Debt repaid (846) (313)
Debt repurchase premium and expenses (27) 1
Dividends paid (149) (144)
Increase in outstanding checks 52 47
Acquisition of treasury stock (200) 0
Net cash used by financing activities (683) (234)
Net decrease in cash, cash equivalents and restricted cash (861) (719)
Cash, cash equivalents and restricted cash beginning of period 1,310 1,037
Cash, cash equivalents and restricted cash end of period 449 318
Supplemental cash flow information:    
Interest paid 176 137
Interest received 34 30
Income taxes paid, net of refunds received 54 207
Restricted cash, end of period $ 2 $ 3