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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 28, 2023
Jan. 29, 2022
Jan. 30, 2021
Cash flows from operating activities:      
Net income $ 3,498 $ 3,283 $ 90
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 887 868 871
Impairment on equity investment 218 0 0
Loss on early extinguishment of debt 0 242 312
Loss on property disposals and impairment charges 23 9 84
Deferred income tax provision (benefit) 64 (44) (231)
Share-based compensation 122 189 59
Changes in assets and liabilities:      
(Increase) in accounts receivable (51) (61) (71)
Decrease (increase) in merchandise inventories 58 (1,658) 589
(Increase) decrease in income taxes recoverable (5) (78) 11
(Increase) decrease in prepaid expenses and other current assets (73) 33 (57)
(Decrease) increase in accounts payable (600) (338) 2,111
(Decrease) increase in accrued expenses and other liabilities (23) 659 585
(Decrease) increase in income taxes payable (126) 100 53
(Decrease) increase in net operating lease liabilities (1) (129) 200
Other, net 93 (18) (44)
Net cash provided by operating activities 4,084 3,057 4,562
Cash flows from investing activities:      
Property additions (1,457) (1,045) (568)
Purchases of investments (31) (22) (29)
Sales and maturities of investments 18 21 18
Net cash (used in) investing activities (1,470) (1,046) (579)
Cash flows from financing activities:      
Payments for repurchase of common stock (2,255) (2,176) (202)
Proceeds from issuance of common stock 321 229 211
Cash dividends paid (1,339) (1,252) (278)
Payments on revolving credit facilities 0 0 (1,000)
Proceeds from long-term debt including revolving credit facilities 0 0 5,987
Payments of long-term debt and extinguishment expenses 0 (2,976) (1,418)
Other (33) (25) (72)
Net cash (used in) provided by financing activities (3,306) (6,200) 3,228
Effect of exchange rate changes on cash (58) (54) 42
Net (decrease) increase in cash and cash equivalents (750) (4,243) 7,253
Cash and cash equivalents at beginning of year 6,227 10,470 3,217
Cash and cash equivalents at end of year $ 5,477 $ 6,227 $ 10,470