| Condensed Consolidating Balance Sheet [Table Text Block] |
Condensed Consolidating Balance Sheet
As of February 1, 2014
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
ASSETS: |
|
|
|
|
|
|
|
|
|
Current Assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
1,955 |
|
|
$ |
84 |
|
|
$ |
234 |
|
|
$ |
— |
|
|
$ |
2,273 |
|
Receivables |
— |
|
|
102 |
|
|
336 |
|
|
— |
|
|
438 |
|
Merchandise inventories |
— |
|
|
2,896 |
|
|
2,661 |
|
|
— |
|
|
5,557 |
|
Prepaid expenses and other current assets |
— |
|
|
103 |
|
|
317 |
|
|
— |
|
|
420 |
|
Income taxes |
80 |
|
|
— |
|
|
— |
|
|
(80 |
) |
|
— |
|
Total Current Assets |
2,035 |
|
|
3,185 |
|
|
3,548 |
|
|
(80 |
) |
|
8,688 |
|
Property and Equipment – net |
— |
|
|
4,590 |
|
|
3,340 |
|
|
— |
|
|
7,930 |
|
Goodwill |
— |
|
|
3,315 |
|
|
428 |
|
|
— |
|
|
3,743 |
|
Other Intangible Assets – net |
— |
|
|
97 |
|
|
430 |
|
|
— |
|
|
527 |
|
Other Assets |
4 |
|
|
101 |
|
|
641 |
|
|
— |
|
|
746 |
|
Deferred Income Taxes |
19 |
|
|
— |
|
|
— |
|
|
(19 |
) |
|
— |
|
Intercompany Receivable |
— |
|
|
— |
|
|
3,561 |
|
|
(3,561 |
) |
|
— |
|
Investment in Subsidiaries |
4,625 |
|
|
3,157 |
|
|
— |
|
|
(7,782 |
) |
|
— |
|
Total Assets |
$ |
6,683 |
|
|
$ |
14,445 |
|
|
$ |
11,948 |
|
|
$ |
(11,442 |
) |
|
$ |
21,634 |
|
LIABILITIES AND SHAREHOLDERS’ EQUITY: |
|
|
|
|
|
|
|
|
|
Current Liabilities: |
|
|
|
|
|
|
|
|
|
Short-term debt |
$ |
— |
|
|
$ |
461 |
|
|
$ |
2 |
|
|
$ |
— |
|
|
$ |
463 |
|
Merchandise accounts payable |
— |
|
|
760 |
|
|
931 |
|
|
— |
|
|
1,691 |
|
Accounts payable and accrued liabilities |
10 |
|
|
1,265 |
|
|
1,535 |
|
|
— |
|
|
2,810 |
|
Income taxes |
— |
|
|
80 |
|
|
362 |
|
|
(80 |
) |
|
362 |
|
Deferred income taxes |
— |
|
|
315 |
|
|
85 |
|
|
— |
|
|
400 |
|
Total Current Liabilities |
10 |
|
|
2,881 |
|
|
2,915 |
|
|
(80 |
) |
|
5,726 |
|
Long-Term Debt |
— |
|
|
6,708 |
|
|
20 |
|
|
— |
|
|
6,728 |
|
Intercompany Payable |
362 |
|
|
3,199 |
|
|
— |
|
|
(3,561 |
) |
|
— |
|
Deferred Income Taxes |
— |
|
|
544 |
|
|
748 |
|
|
(19 |
) |
|
1,273 |
|
Other Liabilities |
62 |
|
|
522 |
|
|
1,074 |
|
|
— |
|
|
1,658 |
|
Shareholders' Equity (Deficit) |
6,249 |
|
|
591 |
|
|
7,191 |
|
|
(7,782 |
) |
|
6,249 |
|
Total Liabilities and Shareholders' Equity |
$ |
6,683 |
|
|
$ |
14,445 |
|
|
$ |
11,948 |
|
|
$ |
(11,442 |
) |
|
$ |
21,634 |
|
Condensed Consolidating Balance Sheet
As of November 1, 2014
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
ASSETS: |
|
|
|
|
|
|
|
|
|
Current Assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
650 |
|
|
$ |
105 |
|
|
$ |
293 |
|
|
$ |
— |
|
|
$ |
1,048 |
|
Receivables |
— |
|
|
58 |
|
|
234 |
|
|
— |
|
|
292 |
|
Merchandise inventories |
— |
|
|
3,997 |
|
|
3,792 |
|
|
— |
|
|
7,789 |
|
Prepaid expenses and other current assets |
— |
|
|
95 |
|
|
329 |
|
|
— |
|
|
424 |
|
Income taxes |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Total Current Assets |
650 |
|
|
4,255 |
|
|
4,648 |
|
|
— |
|
|
9,553 |
|
Property and Equipment – net |
— |
|
|
4,447 |
|
|
3,340 |
|
|
— |
|
|
7,787 |
|
Goodwill |
— |
|
|
3,315 |
|
|
428 |
|
|
— |
|
|
3,743 |
|
Other Intangible Assets – net |
— |
|
|
80 |
|
|
424 |
|
|
— |
|
|
504 |
|
Other Assets |
3 |
|
|
135 |
|
|
700 |
|
|
— |
|
|
838 |
|
Deferred Income Taxes |
15 |
|
|
— |
|
|
— |
|
|
(15 |
) |
|
— |
|
Intercompany Receivable |
245 |
|
|
— |
|
|
5,106 |
|
|
(5,351 |
) |
|
— |
|
Investment in Subsidiaries |
4,596 |
|
|
3,362 |
|
|
— |
|
|
(7,958 |
) |
|
— |
|
Total Assets |
$ |
5,509 |
|
|
$ |
15,594 |
|
|
$ |
14,646 |
|
|
$ |
(13,324 |
) |
|
$ |
22,425 |
|
LIABILITIES AND SHAREHOLDERS’ EQUITY: |
|
|
|
|
|
|
|
|
|
Current Liabilities: |
|
|
|
|
|
|
|
|
|
Short-term debt |
$ |
— |
|
|
$ |
75 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
76 |
|
Merchandise accounts payable |
— |
|
|
1,763 |
|
|
2,051 |
|
|
— |
|
|
3,814 |
|
Accounts payable and accrued liabilities |
115 |
|
|
1,067 |
|
|
1,381 |
|
|
— |
|
|
2,563 |
|
Income taxes |
3 |
|
|
38 |
|
|
73 |
|
|
— |
|
|
114 |
|
Deferred income taxes |
— |
|
|
310 |
|
|
86 |
|
|
— |
|
|
396 |
|
Total Current Liabilities |
118 |
|
|
3,253 |
|
|
3,592 |
|
|
— |
|
|
6,963 |
|
Long-Term Debt |
— |
|
|
7,123 |
|
|
20 |
|
|
— |
|
|
7,143 |
|
Intercompany Payable |
— |
|
|
3,641 |
|
|
1,710 |
|
|
(5,351 |
) |
|
— |
|
Deferred Income Taxes |
— |
|
|
524 |
|
|
805 |
|
|
(15 |
) |
|
1,314 |
|
Other Liabilities |
40 |
|
|
520 |
|
|
1,094 |
|
|
— |
|
|
1,654 |
|
Shareholders' Equity |
5,351 |
|
|
533 |
|
|
7,425 |
|
|
(7,958 |
) |
|
5,351 |
|
Total Liabilities and Shareholders' Equity |
$ |
5,509 |
|
|
$ |
15,594 |
|
|
$ |
14,646 |
|
|
$ |
(13,324 |
) |
|
$ |
22,425 |
|
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 Statement of Comprehensive Income [Table Text Block] |
Condensed Consolidating Statement of Comprehensive Income
For the 13 Weeks Ended November 1, 2014
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
Net sales |
$ |
— |
|
|
$ |
2,920 |
|
|
$ |
6,338 |
|
|
$ |
(3,063 |
) |
|
$ |
6,195 |
|
Cost of sales |
— |
|
|
(1,916 |
) |
|
(4,940 |
) |
|
3,090 |
|
|
(3,766 |
) |
Gross margin |
— |
|
|
1,004 |
|
|
1,398 |
|
|
27 |
|
|
2,429 |
|
Selling, general and administrative expenses |
— |
|
|
(1,069 |
) |
|
(911 |
) |
|
(27 |
) |
|
(2,007 |
) |
Operating income (loss) |
— |
|
|
(65 |
) |
|
487 |
|
|
— |
|
|
422 |
|
Interest (expense) income, net: |
|
|
|
|
|
|
|
|
|
External |
— |
|
|
(96 |
) |
|
— |
|
|
— |
|
|
(96 |
) |
Intercompany |
— |
|
|
(56 |
) |
|
56 |
|
|
— |
|
|
— |
|
Equity in earnings of subsidiaries |
217 |
|
|
21 |
|
|
— |
|
|
(238 |
) |
|
— |
|
Income (loss) before income taxes |
217 |
|
|
(196 |
) |
|
543 |
|
|
(238 |
) |
|
326 |
|
Federal, state and local income
tax benefit (expense) |
— |
|
|
60 |
|
|
(169 |
) |
|
— |
|
|
(109 |
) |
Net income (loss) |
$ |
217 |
|
|
$ |
(136 |
) |
|
$ |
374 |
|
|
$ |
(238 |
) |
|
$ |
217 |
|
Comprehensive income (loss) |
$ |
220 |
|
|
$ |
(133 |
) |
|
$ |
377 |
|
|
$ |
(244 |
) |
|
$ |
220 |
|
Condensed Consolidating Statement of Comprehensive Income
For the 39 Weeks Ended November 1, 2014
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
Net sales |
$ |
— |
|
|
$ |
8,799 |
|
|
$ |
16,816 |
|
|
$ |
(6,874 |
) |
|
$ |
18,741 |
|
Cost of sales |
— |
|
|
(5,580 |
) |
|
(12,568 |
) |
|
6,874 |
|
|
(11,274 |
) |
Gross margin |
— |
|
|
3,219 |
|
|
4,248 |
|
|
— |
|
|
7,467 |
|
Selling, general and administrative expenses |
(2 |
) |
|
(3,122 |
) |
|
(2,907 |
) |
|
— |
|
|
(6,031 |
) |
Operating income (loss) |
(2 |
) |
|
97 |
|
|
1,341 |
|
|
— |
|
|
1,436 |
|
Interest (expense) income, net: |
|
|
|
|
|
|
|
|
|
External |
— |
|
|
(296 |
) |
|
— |
|
|
— |
|
|
(296 |
) |
Intercompany |
— |
|
|
(172 |
) |
|
172 |
|
|
— |
|
|
— |
|
Equity in earnings of subsidiaries |
735 |
|
|
200 |
|
|
— |
|
|
(935 |
) |
|
— |
|
Income (loss) before income taxes |
733 |
|
|
(171 |
) |
|
1,513 |
|
|
(935 |
) |
|
1,140 |
|
Federal, state and local income
tax benefit (expense) |
— |
|
|
102 |
|
|
(509 |
) |
|
— |
|
|
(407 |
) |
Net income (loss) |
$ |
733 |
|
|
$ |
(69 |
) |
|
$ |
1,004 |
|
|
$ |
(935 |
) |
|
$ |
733 |
|
Comprehensive income (loss) |
$ |
744 |
|
|
$ |
(58 |
) |
|
$ |
1,011 |
|
|
$ |
(953 |
) |
|
$ |
744 |
|
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 Cash Flows [Table Text Block] |
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 November 1, 2014
(millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent |
|
Subsidiary
Issuer
|
|
Other
Subsidiaries
|
|
Consolidating
Adjustments
|
|
Consolidated |
Cash flows from operating activities: |
|
|
|
|
|
|
|
|
|
Net income (loss) |
$ |
733 |
|
|
$ |
(69 |
) |
|
$ |
1,004 |
|
|
$ |
(935 |
) |
|
$ |
733 |
|
Equity in earnings of subsidiaries |
(735 |
) |
|
(200 |
) |
|
— |
|
|
935 |
|
|
— |
|
Dividends received from subsidiaries |
775 |
|
|
1 |
|
|
— |
|
|
(776 |
) |
|
— |
|
Depreciation and amortization |
— |
|
|
331 |
|
|
439 |
|
|
— |
|
|
770 |
|
(Increase) decrease in working capital |
99 |
|
|
(284 |
) |
|
(572 |
) |
|
— |
|
|
(757 |
) |
Other, net |
(14 |
) |
|
(29 |
) |
|
74 |
|
|
— |
|
|
31 |
|
Net cash provided (used) by operating activities |
858 |
|
|
(250 |
) |
|
945 |
|
|
(776 |
) |
|
777 |
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
Purchase of property and equipment and capitalized software, net |
— |
|
|
(175 |
) |
|
(419 |
) |
|
— |
|
|
(594 |
) |
Other, net |
— |
|
|
6 |
|
|
(8 |
) |
|
— |
|
|
(2 |
) |
Net cash used by investing activities |
— |
|
|
(169 |
) |
|
(427 |
) |
|
— |
|
|
(596 |
) |
Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
Debt issued, net of debt repaid |
— |
|
|
39 |
|
|
(1 |
) |
|
— |
|
|
38 |
|
Dividends paid |
(314 |
) |
|
— |
|
|
(776 |
) |
|
776 |
|
|
(314 |
) |
Common stock acquired, net of
issuance of common stock |
(1,248 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(1,248 |
) |
Intercompany activity, net |
(553 |
) |
|
416 |
|
|
137 |
|
|
— |
|
|
— |
|
Other, net |
(48 |
) |
|
(15 |
) |
|
181 |
|
|
— |
|
|
118 |
|
Net cash provided (used) by
financing activities |
(2,163 |
) |
|
440 |
|
|
(459 |
) |
|
776 |
|
|
(1,406 |
) |
Net increase (decrease) in cash
and cash equivalents |
(1,305 |
) |
|
21 |
|
|
59 |
|
|
— |
|
|
(1,225 |
) |
Cash and cash equivalents at beginning of period |
1,955 |
|
|
84 |
|
|
234 |
|
|
— |
|
|
2,273 |
|
Cash and cash equivalents at end of period |
$ |
650 |
|
|
$ |
105 |
|
|
$ |
293 |
|
|
$ |
— |
|
|
$ |
1,048 |
|
|