| Condensed Consolidating Balance Sheet |
Condensed Consolidating Balance Sheet
As of November 2, 2013
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
ASSETS: |
|
|
|
|
|
|
|
|
|
Current Assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
807 |
|
|
$ |
21 |
|
|
$ |
343 |
|
|
$ |
— |
|
|
$ |
1,171 |
|
Receivables |
— |
|
|
44 |
|
|
232 |
|
|
— |
|
|
276 |
|
Merchandise inventories |
— |
|
|
3,946 |
|
|
3,770 |
|
|
— |
|
|
7,716 |
|
Prepaid expenses and other current assets |
— |
|
|
99 |
|
|
298 |
|
|
— |
|
|
397 |
|
Income taxes |
38 |
|
|
— |
|
|
— |
|
|
(38 |
) |
|
— |
|
Total Current Assets |
845 |
|
|
4,110 |
|
|
4,643 |
|
|
(38 |
) |
|
9,560 |
|
Property and Equipment – net |
— |
|
|
4,531 |
|
|
3,419 |
|
|
— |
|
|
7,950 |
|
Goodwill |
— |
|
|
3,315 |
|
|
428 |
|
|
— |
|
|
3,743 |
|
Other Intangible Assets – net |
— |
|
|
103 |
|
|
432 |
|
|
— |
|
|
535 |
|
Other Assets |
4 |
|
|
73 |
|
|
581 |
|
|
— |
|
|
658 |
|
Deferred income taxes |
3 |
|
|
— |
|
|
— |
|
|
(3 |
) |
|
— |
|
Intercompany Receivable |
464 |
|
|
— |
|
|
3,218 |
|
|
(3,682 |
) |
|
— |
|
Investment in Subsidiaries |
4,320 |
|
|
2,753 |
|
|
— |
|
|
(7,073 |
) |
|
— |
|
Total Assets |
$ |
5,636 |
|
|
$ |
14,885 |
|
|
$ |
12,721 |
|
|
$ |
(10,796 |
) |
|
$ |
22,446 |
|
LIABILITIES AND SHAREHOLDERS’ EQUITY: |
|
|
|
|
|
|
|
|
|
Current Liabilities: |
|
|
|
|
|
|
|
|
|
Short-term debt |
$ |
— |
|
|
$ |
463 |
|
|
$ |
2 |
|
|
$ |
— |
|
|
$ |
465 |
|
Merchandise accounts payable |
— |
|
|
1,812 |
|
|
2,085 |
|
|
— |
|
|
3,897 |
|
Accounts payable and accrued liabilities |
107 |
|
|
965 |
|
|
1,251 |
|
|
— |
|
|
2,323 |
|
Income taxes |
— |
|
|
6 |
|
|
110 |
|
|
(38 |
) |
|
78 |
|
Deferred income taxes |
— |
|
|
322 |
|
|
101 |
|
|
— |
|
|
423 |
|
Total Current Liabilities |
107 |
|
|
3,568 |
|
|
3,549 |
|
|
(38 |
) |
|
7,186 |
|
Long-Term Debt |
— |
|
|
6,711 |
|
|
21 |
|
|
— |
|
|
6,732 |
|
Intercompany Payable |
— |
|
|
3,682 |
|
|
— |
|
|
(3,682 |
) |
|
— |
|
Deferred Income Taxes |
— |
|
|
450 |
|
|
778 |
|
|
(3 |
) |
|
1,225 |
|
Other Liabilities |
87 |
|
|
619 |
|
|
1,155 |
|
|
— |
|
|
1,861 |
|
Shareholders' Equity (Deficit) |
5,442 |
|
|
(145 |
) |
|
7,218 |
|
|
(7,073 |
) |
|
5,442 |
|
Total Liabilities and Shareholders' Equity |
$ |
5,636 |
|
|
$ |
14,885 |
|
|
$ |
12,721 |
|
|
$ |
(10,796 |
) |
|
$ |
22,446 |
|
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 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 Taxes |
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 Statement of Comprehensive Income (Loss) |
Condensed Consolidating Statement of Comprehensive Income
For the 13 Weeks Ended November 2, 2013
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
Net sales |
$ |
— |
|
|
$ |
2,979 |
|
|
$ |
6,337 |
|
|
$ |
(3,040 |
) |
|
$ |
6,276 |
|
Cost of sales |
— |
|
|
(1,930 |
) |
|
(4,913 |
) |
|
3,026 |
|
|
(3,817 |
) |
Gross margin |
— |
|
|
1,049 |
|
|
1,424 |
|
|
(14 |
) |
|
2,459 |
|
Selling, general and administrative expenses |
(2 |
) |
|
(1,113 |
) |
|
(998 |
) |
|
14 |
|
|
(2,099 |
) |
Operating income (loss) |
(2 |
) |
|
(64 |
) |
|
426 |
|
|
— |
|
|
360 |
|
Interest (expense) income, net: |
|
|
|
|
|
|
|
|
|
External |
1 |
|
|
(96 |
) |
|
(1 |
) |
|
— |
|
|
(96 |
) |
Intercompany |
(1 |
) |
|
(39 |
) |
|
40 |
|
|
— |
|
|
— |
|
Equity in earnings of subsidiaries |
178 |
|
|
(15 |
) |
|
— |
|
|
(163 |
) |
|
— |
|
Income (loss) before income taxes |
176 |
|
|
(214 |
) |
|
465 |
|
|
(163 |
) |
|
264 |
|
Federal, state and local income
tax benefit (expense) |
1 |
|
|
56 |
|
|
(144 |
) |
|
— |
|
|
(87 |
) |
Net income (loss) |
$ |
177 |
|
|
$ |
(158 |
) |
|
$ |
321 |
|
|
$ |
(163 |
) |
|
$ |
177 |
|
Comprehensive income (loss) |
$ |
201 |
|
|
$ |
(134 |
) |
|
$ |
331 |
|
|
$ |
(197 |
) |
|
$ |
201 |
|
Condensed Consolidating Statement of Comprehensive Income
For the 39 Weeks Ended November 2, 2013
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
Net sales |
$ |
— |
|
|
$ |
8,911 |
|
|
$ |
16,716 |
|
|
$ |
(6,898 |
) |
|
$ |
18,729 |
|
Cost of sales |
— |
|
|
(5,590 |
) |
|
(12,529 |
) |
|
6,858 |
|
|
(11,261 |
) |
Gross margin |
— |
|
|
3,321 |
|
|
4,187 |
|
|
(40 |
) |
|
7,468 |
|
Selling, general and administrative expenses |
(7 |
) |
|
(3,217 |
) |
|
(2,955 |
) |
|
40 |
|
|
(6,139 |
) |
Operating income (loss) |
(7 |
) |
|
104 |
|
|
1,232 |
|
|
— |
|
|
1,329 |
|
Interest (expense) income, net: |
|
|
|
|
|
|
|
|
|
External |
1 |
|
|
(289 |
) |
|
(1 |
) |
|
— |
|
|
(289 |
) |
Intercompany |
(1 |
) |
|
(118 |
) |
|
119 |
|
|
— |
|
|
— |
|
Equity in earnings of subsidiaries |
679 |
|
|
129 |
|
|
— |
|
|
(808 |
) |
|
— |
|
Income (loss) before income taxes |
672 |
|
|
(174 |
) |
|
1,350 |
|
|
(808 |
) |
|
1,040 |
|
Federal, state and local income
tax benefit (expense) |
3 |
|
|
93 |
|
|
(461 |
) |
|
— |
|
|
(365 |
) |
Net income (loss) |
$ |
675 |
|
|
$ |
(81 |
) |
|
$ |
889 |
|
|
$ |
(808 |
) |
|
$ |
675 |
|
Comprehensive income (loss) |
$ |
747 |
|
|
$ |
(9 |
) |
|
$ |
919 |
|
|
$ |
(910 |
) |
|
$ |
747 |
|
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 November 2, 2013
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
Cash flows from operating activities: |
|
|
|
|
|
|
|
|
|
Net income (loss) |
$ |
675 |
|
|
$ |
(81 |
) |
|
$ |
889 |
|
|
$ |
(808 |
) |
|
$ |
675 |
|
Equity in earnings of subsidiaries |
(679 |
) |
|
(129 |
) |
|
— |
|
|
808 |
|
|
— |
|
Dividends received from subsidiaries |
458 |
|
|
— |
|
|
— |
|
|
(458 |
) |
|
— |
|
Depreciation and amortization |
— |
|
|
349 |
|
|
412 |
|
|
— |
|
|
761 |
|
Increase in working capital |
(34 |
) |
|
(185 |
) |
|
(554 |
) |
|
— |
|
|
(773 |
) |
Other, net |
16 |
|
|
107 |
|
|
33 |
|
|
— |
|
|
156 |
|
Net cash provided by operating activities |
436 |
|
|
61 |
|
|
780 |
|
|
(458 |
) |
|
819 |
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
Purchase of property and equipment and capitalized software, net |
— |
|
|
(206 |
) |
|
(325 |
) |
|
— |
|
|
(531 |
) |
Other, net |
— |
|
|
— |
|
|
(10 |
) |
|
— |
|
|
(10 |
) |
Net cash used by investing activities |
— |
|
|
(206 |
) |
|
(335 |
) |
|
— |
|
|
(541 |
) |
Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
Debt issued, net of debt repaid |
— |
|
|
281 |
|
|
(2 |
) |
|
— |
|
|
279 |
|
Dividends paid |
(267 |
) |
|
— |
|
|
(458 |
) |
|
458 |
|
|
(267 |
) |
Common stock acquired, net of
issuance of common stock |
(1,018 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(1,018 |
) |
Intercompany activity, net |
224 |
|
|
(159 |
) |
|
(65 |
) |
|
— |
|
|
— |
|
Other, net |
(106 |
) |
|
3 |
|
|
166 |
|
|
— |
|
|
63 |
|
Net cash provided (used) by
financing activities |
(1,167 |
) |
|
125 |
|
|
(359 |
) |
|
458 |
|
|
(943 |
) |
Net increase (decrease) in cash
and cash equivalents |
(731 |
) |
|
(20 |
) |
|
86 |
|
|
— |
|
|
(665 |
) |
Cash and cash equivalents at beginning of period |
1,538 |
|
|
41 |
|
|
257 |
|
|
— |
|
|
1,836 |
|
Cash and cash equivalents at end of period |
$ |
807 |
|
|
$ |
21 |
|
|
$ |
343 |
|
|
$ |
— |
|
|
$ |
1,171 |
|
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 |
|
|