| Condensed Consolidating Balance Sheet |
Condensed Consolidating Balance Sheet
As of August 3, 2013
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
ASSETS: |
|
|
|
|
|
|
|
|
|
Current Assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
1,104 |
|
|
$ |
35 |
|
|
$ |
285 |
|
|
$ |
— |
|
|
$ |
1,424 |
|
Receivables |
— |
|
|
86 |
|
|
261 |
|
|
— |
|
|
347 |
|
Merchandise inventories |
— |
|
|
2,759 |
|
|
2,598 |
|
|
— |
|
|
5,357 |
|
Prepaid expenses and other current assets |
— |
|
|
94 |
|
|
293 |
|
|
— |
|
|
387 |
|
Income taxes |
69 |
|
|
— |
|
|
— |
|
|
(69 |
) |
|
— |
|
Total Current Assets |
1,173 |
|
|
2,974 |
|
|
3,437 |
|
|
(69 |
) |
|
7,515 |
|
Property and Equipment – net |
— |
|
|
4,562 |
|
|
3,439 |
|
|
— |
|
|
8,001 |
|
Goodwill |
— |
|
|
3,315 |
|
|
428 |
|
|
— |
|
|
3,743 |
|
Other Intangible Assets – net |
— |
|
|
109 |
|
|
434 |
|
|
— |
|
|
543 |
|
Other Assets |
4 |
|
|
69 |
|
|
556 |
|
|
— |
|
|
629 |
|
Intercompany Receivable |
527 |
|
|
— |
|
|
3,135 |
|
|
(3,662 |
) |
|
— |
|
Investment in Subsidiaries |
4,273 |
|
|
2,757 |
|
|
— |
|
|
(7,030 |
) |
|
— |
|
Total Assets |
$ |
5,977 |
|
|
$ |
13,786 |
|
|
$ |
11,429 |
|
|
$ |
(10,761 |
) |
|
$ |
20,431 |
|
LIABILITIES AND SHAREHOLDERS’ EQUITY: |
|
|
|
|
|
|
|
|
|
Current Liabilities: |
|
|
|
|
|
|
|
|
|
Short-term debt |
$ |
— |
|
|
$ |
573 |
|
|
$ |
2 |
|
|
$ |
— |
|
|
$ |
575 |
|
Merchandise accounts payable |
— |
|
|
966 |
|
|
1,098 |
|
|
— |
|
|
2,064 |
|
Accounts payable and accrued liabilities |
36 |
|
|
887 |
|
|
1,120 |
|
|
— |
|
|
2,043 |
|
Income taxes |
— |
|
|
16 |
|
|
120 |
|
|
(69 |
) |
|
67 |
|
Deferred income taxes |
— |
|
|
315 |
|
|
107 |
|
|
— |
|
|
422 |
|
Total Current Liabilities |
36 |
|
|
2,757 |
|
|
2,447 |
|
|
(69 |
) |
|
5,171 |
|
Long-Term Debt |
— |
|
|
6,317 |
|
|
22 |
|
|
— |
|
|
6,339 |
|
Intercompany Payable |
— |
|
|
3,662 |
|
|
— |
|
|
(3,662 |
) |
|
— |
|
Deferred Income Taxes |
8 |
|
|
441 |
|
|
768 |
|
|
— |
|
|
1,217 |
|
Other Liabilities |
78 |
|
|
620 |
|
|
1,151 |
|
|
— |
|
|
1,849 |
|
Shareholders' Equity (Deficit) |
5,855 |
|
|
(11 |
) |
|
7,041 |
|
|
(7,030 |
) |
|
5,855 |
|
Total Liabilities and Shareholders' Equity |
$ |
5,977 |
|
|
$ |
13,786 |
|
|
$ |
11,429 |
|
|
$ |
(10,761 |
) |
|
$ |
20,431 |
|
Condensed Consolidating Balance Sheet
As of February 2, 2013
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
ASSETS: |
|
|
|
|
|
|
|
|
|
Current Assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
1,538 |
|
|
$ |
41 |
|
|
$ |
257 |
|
|
$ |
— |
|
|
$ |
1,836 |
|
Receivables |
— |
|
|
58 |
|
|
313 |
|
|
— |
|
|
371 |
|
Merchandise inventories |
— |
|
|
2,804 |
|
|
2,504 |
|
|
— |
|
|
5,308 |
|
Prepaid expenses and other current assets |
— |
|
|
97 |
|
|
264 |
|
|
— |
|
|
361 |
|
Income taxes |
30 |
|
|
— |
|
|
— |
|
|
(30 |
) |
|
— |
|
Total Current Assets |
1,568 |
|
|
3,000 |
|
|
3,338 |
|
|
(30 |
) |
|
7,876 |
|
Property and Equipment – net |
— |
|
|
4,649 |
|
|
3,547 |
|
|
— |
|
|
8,196 |
|
Goodwill |
— |
|
|
3,315 |
|
|
428 |
|
|
— |
|
|
3,743 |
|
Other Intangible Assets – net |
— |
|
|
124 |
|
|
437 |
|
|
— |
|
|
561 |
|
Other Assets |
3 |
|
|
71 |
|
|
541 |
|
|
— |
|
|
615 |
|
Intercompany Receivable |
641 |
|
|
— |
|
|
3,190 |
|
|
(3,831 |
) |
|
— |
|
Investment in Subsidiaries |
4,027 |
|
|
2,595 |
|
|
— |
|
|
(6,622 |
) |
|
— |
|
Total Assets |
$ |
6,239 |
|
|
$ |
13,754 |
|
|
$ |
11,481 |
|
|
$ |
(10,483 |
) |
|
$ |
20,991 |
|
LIABILITIES AND SHAREHOLDERS’ EQUITY: |
|
|
|
|
|
|
|
|
|
Current Liabilities: |
|
|
|
|
|
|
|
|
|
Short-term debt |
$ |
— |
|
|
$ |
121 |
|
|
$ |
3 |
|
|
$ |
— |
|
|
$ |
124 |
|
Merchandise accounts payable |
— |
|
|
733 |
|
|
846 |
|
|
— |
|
|
1,579 |
|
Accounts payable and accrued liabilities |
119 |
|
|
1,023 |
|
|
1,468 |
|
|
— |
|
|
2,610 |
|
Income taxes |
— |
|
|
69 |
|
|
316 |
|
|
(30 |
) |
|
355 |
|
Deferred income taxes |
— |
|
|
323 |
|
|
84 |
|
|
— |
|
|
407 |
|
Total Current Liabilities |
119 |
|
|
2,269 |
|
|
2,717 |
|
|
(30 |
) |
|
5,075 |
|
Long-Term Debt |
— |
|
|
6,783 |
|
|
23 |
|
|
— |
|
|
6,806 |
|
Intercompany Payable |
— |
|
|
3,831 |
|
|
— |
|
|
(3,831 |
) |
|
— |
|
Deferred Income Taxes |
11 |
|
|
410 |
|
|
817 |
|
|
— |
|
|
1,238 |
|
Other Liabilities |
58 |
|
|
596 |
|
|
1,167 |
|
|
— |
|
|
1,821 |
|
Shareholders' Equity (Deficit) |
6,051 |
|
|
(135 |
) |
|
6,757 |
|
|
(6,622 |
) |
|
6,051 |
|
Total Liabilities and Shareholders' Equity |
$ |
6,239 |
|
|
$ |
13,754 |
|
|
$ |
11,481 |
|
|
$ |
(10,483 |
) |
|
$ |
20,991 |
|
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 Taxes |
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 Statement of Comprehensive Income (Loss) |
Condensed Consolidating Statement of Comprehensive Income
For the 13 Weeks Ended August 3, 2013
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
Net sales |
$ |
— |
|
|
$ |
2,898 |
|
|
$ |
4,831 |
|
|
$ |
(1,663 |
) |
|
$ |
6,066 |
|
Cost of sales |
— |
|
|
(1,763 |
) |
|
(3,420 |
) |
|
1,650 |
|
|
(3,533 |
) |
Gross margin |
— |
|
|
1,135 |
|
|
1,411 |
|
|
(13 |
) |
|
2,533 |
|
Selling, general and administrative expenses |
(2 |
) |
|
(1,054 |
) |
|
(956 |
) |
|
13 |
|
|
(1,999 |
) |
Operating income (loss) |
(2 |
) |
|
81 |
|
|
455 |
|
|
— |
|
|
534 |
|
Interest (expense) income, net: |
|
|
|
|
|
|
|
|
|
External |
— |
|
|
(96 |
) |
|
— |
|
|
— |
|
|
(96 |
) |
Intercompany |
— |
|
|
(39 |
) |
|
39 |
|
|
— |
|
|
— |
|
Equity in earnings of subsidiaries |
282 |
|
|
89 |
|
|
— |
|
|
(371 |
) |
|
— |
|
Income before income taxes |
280 |
|
|
35 |
|
|
494 |
|
|
(371 |
) |
|
438 |
|
Federal, state and local income
tax benefit (expense) |
1 |
|
|
10 |
|
|
(168 |
) |
|
— |
|
|
(157 |
) |
Net income |
$ |
281 |
|
|
$ |
45 |
|
|
$ |
326 |
|
|
$ |
(371 |
) |
|
$ |
281 |
|
Comprehensive income |
$ |
305 |
|
|
$ |
69 |
|
|
$ |
336 |
|
|
$ |
(405 |
) |
|
$ |
305 |
|
Condensed Consolidating Statement of Comprehensive Income
For the 26 Weeks Ended August 3, 2013
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
Net sales |
$ |
— |
|
|
$ |
5,932 |
|
|
$ |
10,379 |
|
|
$ |
(3,858 |
) |
|
$ |
12,453 |
|
Cost of sales |
— |
|
|
(3,660 |
) |
|
(7,616 |
) |
|
3,832 |
|
|
(7,444 |
) |
Gross margin |
— |
|
|
2,272 |
|
|
2,763 |
|
|
(26 |
) |
|
5,009 |
|
Selling, general and administrative expenses |
(5 |
) |
|
(2,104 |
) |
|
(1,957 |
) |
|
26 |
|
|
(4,040 |
) |
Operating income (loss) |
(5 |
) |
|
168 |
|
|
806 |
|
|
— |
|
|
969 |
|
Interest (expense) income, net: |
|
|
|
|
|
|
|
|
|
External |
— |
|
|
(193 |
) |
|
— |
|
|
— |
|
|
(193 |
) |
Intercompany |
— |
|
|
(79 |
) |
|
79 |
|
|
— |
|
|
— |
|
Equity in earnings of subsidiaries |
501 |
|
|
144 |
|
|
— |
|
|
(645 |
) |
|
— |
|
Income before income taxes |
496 |
|
|
40 |
|
|
885 |
|
|
(645 |
) |
|
776 |
|
Federal, state and local income
tax benefit (expense) |
2 |
|
|
37 |
|
|
(317 |
) |
|
— |
|
|
(278 |
) |
Net income |
$ |
498 |
|
|
$ |
77 |
|
|
$ |
568 |
|
|
$ |
(645 |
) |
|
$ |
498 |
|
Comprehensive income |
$ |
546 |
|
|
$ |
125 |
|
|
$ |
588 |
|
|
$ |
(713 |
) |
|
$ |
546 |
|
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 August 3, 2013
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
Cash flows from operating activities: |
|
|
|
|
|
|
|
|
|
Net income |
$ |
498 |
|
|
$ |
77 |
|
|
$ |
568 |
|
|
$ |
(645 |
) |
|
$ |
498 |
|
Equity in earnings of subsidiaries |
(501 |
) |
|
(144 |
) |
|
— |
|
|
645 |
|
|
— |
|
Dividends received from subsidiaries |
303 |
|
|
— |
|
|
— |
|
|
(303 |
) |
|
— |
|
Depreciation and amortization |
— |
|
|
235 |
|
|
269 |
|
|
— |
|
|
504 |
|
(Increase) decrease in working capital |
(62 |
) |
|
43 |
|
|
(416 |
) |
|
— |
|
|
(435 |
) |
Other, net |
18 |
|
|
76 |
|
|
3 |
|
|
— |
|
|
97 |
|
Net cash provided by operating activities |
256 |
|
|
287 |
|
|
424 |
|
|
(303 |
) |
|
664 |
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
Purchase of property and equipment and capitalized software, net |
— |
|
|
(135 |
) |
|
(176 |
) |
|
— |
|
|
(311 |
) |
Other, net |
— |
|
|
— |
|
|
(5 |
) |
|
— |
|
|
(5 |
) |
Net cash used by investing activities |
— |
|
|
(135 |
) |
|
(181 |
) |
|
— |
|
|
(316 |
) |
Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
Debt repaid |
— |
|
|
(6 |
) |
|
(1 |
) |
|
— |
|
|
(7 |
) |
Dividends paid |
(173 |
) |
|
— |
|
|
(303 |
) |
|
303 |
|
|
(173 |
) |
Common stock acquired, net of
issuance of common stock |
(579 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(579 |
) |
Intercompany activity, net |
145 |
|
|
(175 |
) |
|
30 |
|
|
— |
|
|
— |
|
Other, net |
(83 |
) |
|
23 |
|
|
59 |
|
|
— |
|
|
(1 |
) |
Net cash used by
financing activities |
(690 |
) |
|
(158 |
) |
|
(215 |
) |
|
303 |
|
|
(760 |
) |
Net increase (decrease) in cash
and cash equivalents |
(434 |
) |
|
(6 |
) |
|
28 |
|
|
— |
|
|
(412 |
) |
Cash and cash equivalents at beginning of period |
1,538 |
|
|
41 |
|
|
257 |
|
|
— |
|
|
1,836 |
|
Cash and cash equivalents at end of period |
$ |
1,104 |
|
|
$ |
35 |
|
|
$ |
285 |
|
|
$ |
— |
|
|
$ |
1,424 |
|
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 |
|
|