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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Feb. 01, 2025
Feb. 03, 2024
Jan. 28, 2023
Operating Activities      
Net Income $ 798 $ 878 $ 800
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Depreciation of Long-lived Assets 282 269 221
Share-based Compensation Expense 40 43 38
Gain on Sales of Easton Investments (39) 0 0
Loss (Gain) on Extinguishment of Debt 10 (34) 0
Deferred Income Taxes (112) (128) 17
Impairment of Equity Method Investment 0 8 0
Changes in Assets and Liabilities:      
Accounts Receivable 18 2 11
Inventories (26) (2) 0
Accounts Payable, Accrued Expenses and Other (50) (109) 44
Income Taxes Payable (23) 34 39
Other Assets and Liabilities (12) (7) (26)
Net Cash Provided by Operating Activities 886 954 1,144
Investing Activities      
Capital Expenditures (226) (298) (328)
Proceeds from Sales of Easton Investments, Net of Fees Paid 40 0 0
Other Investing Activities 24 12 0
Net Cash Used for Investing Activities (162) (286) (328)
Financing Activities      
Payments for Long-term Debt (522) (447) 0
Net Payments to Victoria’s Secret & Co. related to Spin-Off (2) (3) (25)
Repurchases of Common Stock (401) (148) (1,312)
Dividends Paid (177) (182) (186)
Tax Payments related to Share-based Awards (16) (11) (32)
Payments of Finance Lease Obligations (17) (15) (9)
Other Financing Activities 3 (9) 2
Net Cash Used for Financing Activities (1,132) (815) (1,562)
Effects of Exchange Rate Changes on Cash and Cash Equivalents (2) (1) (1)
Net Decrease in Cash and Cash Equivalents (410) (148) (747)
Cash and Cash Equivalents, Beginning of Year 1,084 1,232 1,979
Cash and Cash Equivalents, End of Year $ 674 $ 1,084 $ 1,232