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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Aug. 03, 2024
Jul. 29, 2023
Cash flows from operating activities:    
Net income $ 2,169 $ 1,880
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 529 467
Loss on property disposals and impairment charges 2 21
Deferred income tax provision 43 16
Share-based compensation 84 70
Changes in assets and liabilities:    
Decrease in accounts receivable 8 19
(Increase) in merchandise inventories (512) (734)
(Increase) in income taxes recoverable (54) (28)
(Increase) in prepaid expenses and other current assets (22) (34)
Increase in accounts payable 648 619
(Decrease) in accrued expenses and other liabilities (388) (170)
(Decrease) in income taxes payable (61) (36)
(Decrease) increase in net operating lease liabilities (11) 0
Other, net (69) (4)
Net cash provided by operating activities 2,366 2,086
Cash flows from investing activities:    
Property additions (982) (820)
Purchases of investments (23) (17)
Sales and maturities of investments 15 18
Net cash (used in) investing activities (990) (819)
Cash flows from financing activities:    
Repayment of debt 0 (500)
Payments for repurchase of common stock (1,068) (1,041)
Cash dividends paid (803) (725)
Proceeds from issuance of common stock 191 81
Other (42) (29)
Net cash (used in) financing activities (1,722) (2,214)
Effect of exchange rate changes on cash (4) 20
Net (decrease) in cash and cash equivalents (350) (927)
Cash and cash equivalents at beginning of year 5,600 5,477
Cash and cash equivalents at end of period $ 5,250 $ 4,550