XML 40 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Aug. 01, 2015
Aug. 02, 2014
Document Period End Date Aug. 01, 2015  
Cash flows from operating activities:    
Net income $ 458 $ 592
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 294 271
Amortization of lease incentives (31) (31)
Share-based compensation 43 53
Tax benefit from exercise of stock options and vesting of stock units 23 24
Excess tax benefit from exercise of stock options and vesting of stock units (24) (25)
Non-cash and other items (12) (41)
Deferred income taxes 2 (16)
Changes in operating assets and liabilities:    
Merchandise inventory (124) (18)
Other current assets and other long-term assets 36 206
Accounts payable 36 (14)
Accrued expenses and other current liabilities (56) (130)
Income taxes payable, net of prepaid and other tax-related items (16) (10)
Lease incentives and other long-term liabilities 13 135
Net cash provided by operating activities 642 996
Cash flows from investing activities:    
Purchases of property and equipment (301) (328)
Proceeds from sale of property and equipment 0 121
Other (1) (1)
Net cash used for investing activities (302) (208)
Cash flows from financing activities:    
Proceeds from issuances under share-based compensation plans 53 43
Withholding tax payments related to vesting of stock units (68) (47)
Repurchases of common stock (622) (608)
Excess tax benefit from exercise of stock options and vesting of stock units 24 25
Cash dividends paid (192) (194)
Other (1) 0
Net cash used for financing activities (806) (781)
Effect of foreign exchange rate fluctuations on cash and cash equivalents (6) 1
Net increase (decrease) in cash and cash equivalents (472) 8
Cash and cash equivalents at beginning of period 1,515 1,510
Cash and cash equivalents at end of period 1,043 1,518
Non-cash investing activities:    
Purchases of property and equipment not yet paid at end of period 70 75
Supplemental disclosure of cash flow information:    
Cash paid for interest during the period 39 39
Cash paid for income taxes during the period, net of refunds $ 266 $ 385