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Condensed Consolidating Financial Information (Tables) | 12 Months Ended
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Feb. 01, 2020
Condensed Financial Information Disclosure [Abstract] |
Condensed Consolidating Statement of Comprehensive Income | MACY’S, INC. Condensed Consolidating Statement of Comprehensive Income For 2019 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales | $ | — |  |  | $ | 9,477 |  |  | $ | 20,831 |  |  | $ | (5,748 | ) |  | $ | 24,560 |
Credit card revenues (expense), net | — |  |  | (7 | ) |  | 778 |  |  | — |  |  | 771 |
Cost of sales | — |  |  | (5,834 | ) |  | (15,085 | ) |  | 5,748 |  |  | (15,171 | )
Selling, general and administrative expenses | 2 |  |  | (3,490 | ) |  | (5,510 | ) |  | — |  |  | (8,998 | )
Gains on sale of real estate | — |  |  | 37 |  |  | 125 |  |  | — |  |  | 162 |
Restructuring, impairment, store closing and other costs | — |  |  | (108 | ) |  | (246 | ) |  | — |  |  | (354 | )
Operating income | 2 |  |  | 75 |  |  | 893 |  |  | — |  |  | 970 |
Benefit plan income, net | — |  |  | 12 |  |  | 19 |  |  | — |  |  | 31 |
Settlement charges | — |  |  | (22 | ) |  | (36 | ) |  | — |  |  | (58 | )
Interest (expense) income, net: |  |  |  |  |  |  |  |  |
External | 15 |  |  | (204 | ) |  | 4 |  |  | — |  |  | (185 | )
Intercompany | — |  |  | (72 | ) |  | 72 |  |  | — |  |  | — |
Losses on early retirement of debt | — |  |  | (30 | ) |  | — |  |  | — |  |  | (30 | )
Equity in earnings (loss) of subsidiaries | 547 |  |  | (266 | ) |  | — |  |  | (281 | ) |  | — |
Income (loss) before income taxes | 564 |  |  | (507 | ) |  | 952 |  |  | (281 | ) |  | 728 |
Federal, state and local income tax benefit (expense) | — |  |  | 33 |  |  | (197 | ) |  | — |  |  | (164 | )
Net income (loss) | 564 |  |  | (474 | ) |  | 755 |  |  | (281 | ) |  | 564 |
Net loss attributable to noncontrolling interest | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income attributable to Macy's, Inc. shareholders | $ | 564 |  |  | $ | (474 | ) |  | $ | 755 |  |  | $ | (281 | ) |  | $ | 564 |
Comprehensive income (loss) | $ | 524 |  |  | $ | (512 | ) |  | $ | 731 |  |  | $ | (219 | ) |  | $ | 524 |
Comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | — |  |  | — |  |  | — |
Comprehensive income (loss) attributable to Macy's, Inc. shareholders | $ | 524 |  |  | $ | (512 | ) |  | $ | 731 |  |  | $ | (219 | ) |  | $ | 524 |
MACY’S, INC. Condensed Consolidating Statement of Comprehensive Income For 2018 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales | $ | — |  |  | $ | 9,051 |  |  | $ | 23,720 |  |  | $ | (7,800 | ) |  | $ | 24,971 |
Credit card revenues (expense), net | — |  |  | (3 | ) |  | 771 |  |  | — |  |  | 768 |
Cost of sales | — |  |  | (5,786 | ) |  | (17,229 | ) |  | 7,800 |  |  | (15,215 | )
Selling, general and administrative expenses | — |  |  | (3,509 | ) |  | (5,530 | ) |  | — |  |  | (9,039 | )
Gains on sale of real estate | — |  |  | 141 |  |  | 248 |  |  | — |  |  | 389 |
Restructuring, impairment, store closing and other costs | — |  |  | (33 | ) |  | (103 | ) |  | — |  |  | (136 | )
Operating income (loss) | — |  |  | (139 | ) |  | 1,877 |  |  | — |  |  | 1,738 |
Benefit plan income, net | — |  |  | 15 |  |  | 24 |  |  | — |  |  | 39 |
Settlement charges | (5 | ) |  | (30 | ) |  | (53 | ) |  | — |  |  | (88 | )
Interest (expense) income, net: |  |  |  |  |  |  |  |  |
External | 20 |  |  | (260 | ) |  | 4 |  |  | — |  |  | (236 | )
Intercompany | — |  |  | (72 | ) |  | 72 |  |  | — |  |  | — |
Losses on early retirement of debt | — |  |  | (33 | ) |  | — |  |  | — |  |  | (33 | )
Equity in earnings of subsidiaries | 1,104 |  |  | 345 |  |  | — |  |  | (1,449 | ) |  | — |
Income (loss) before income taxes | 1,119 |  |  | (174 | ) |  | 1,924 |  |  | (1,449 | ) |  | 1,420 |
Federal, state and local income tax benefit (expense) | (11 | ) |  | 219 |  |  | (530 | ) |  | — |  |  | (322 | )
Net income | 1,108 |  |  | 45 |  |  | 1,394 |  |  | (1,449 | ) |  | 1,098 |
Net loss attributable to noncontrolling interest | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Net income attributable to Macy's, Inc. shareholders | $ | 1,108 |  |  | $ | 45 |  |  | $ | 1,404 |  |  | $ | (1,449 | ) |  | $ | 1,108 |
Comprehensive income (loss) | $ | 1,045 |  |  | $ | (15 | ) |  | $ | 1,353 |  |  | $ | (1,348 | ) |  | $ | 1,035 |
Comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Comprehensive income (loss) attributable to Macy's, Inc. shareholders | $ | 1,045 |  |  | $ | (15 | ) |  | $ | 1,363 |  |  | $ | (1,348 | ) |  | $ | 1,045 |
MACY’S, INC. Condensed Consolidating Statement of Comprehensive Income For 2017 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales | $ | — |  |  | $ | 9,490 |  |  | $ | 23,317 |  |  | $ | (7,868 | ) |  | $ | 24,939 |
Credit card revenues (expense), net | — |  |  | (2 | ) |  | 704 |  |  | — |  |  | 702 |
Cost of sales | — |  |  | (6,122 | ) |  | (16,927 | ) |  | 7,868 |  |  | (15,181 | )
Selling, general and administrative expenses | — |  |  | (3,426 | ) |  | (5,528 | ) |  | — |  |  | (8,954 | )
Gains on sale of real estate | — |  |  | 201 |  |  | 343 |  |  | — |  |  | 544 |
Restructuring, impairment, store closing and other costs | — |  |  | (40 | ) |  | (146 | ) |  | — |  |  | (186 | )
Operating income | — |  |  | 101 |  |  | 1,763 |  |  | — |  |  | 1,864 |
Benefit plan income, net | — |  |  | 22 |  |  | 35 |  |  | — |  |  | 57 |
Settlement charges | — |  |  | (35 | ) |  | (70 | ) |  | — |  |  | (105 | )
Interest (expense) income, net: |  |  |  |  |  |  |  |  |
External | — |  |  | (313 | ) |  | 3 |  |  | — |  |  | (310 | )
Intercompany | — |  |  | (139 | ) |  | 139 |  |  | — |  |  | — |
Gains on early retirement of debt | — |  |  | 10 |  |  | — |  |  | — |  |  | 10 |
Equity in earnings of subsidiaries | 1,574 |  |  | 773 |  |  | — |  |  | (2,347 | ) |  | — |
Income before income taxes | 1,574 |  |  | 419 |  |  | 1,870 |  |  | (2,347 | ) |  | 1,516 |
Federal, state and local income tax benefit (expense) | (8 | ) |  | 356 |  |  | (309 | ) |  | — |  |  | 39 |
Net income | 1,566 |  |  | 775 |  |  | 1,561 |  |  | (2,347 | ) |  | 1,555 |
Net loss attributable to noncontrolling interest | — |  |  | — |  |  | 11 |  |  | — |  |  | 11 |
Net income attributable to Macy's, Inc. shareholders | $ | 1,566 |  |  | $ | 775 |  |  | $ | 1,572 |  |  | $ | (2,347 | ) |  | $ | 1,566 |
Comprehensive income | $ | 1,738 |  |  | $ | 935 |  |  | $ | 1,673 |  |  | $ | (2,619 | ) |  | $ | 1,727 |
Comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | 11 |  |  | — |  |  | 11 |
Comprehensive income attributable to Macy's, Inc. shareholders | $ | 1,738 |  |  | $ | 935 |  |  | $ | 1,684 |  |  | $ | (2,619 | ) |  | $ | 1,738 |
Condensed Consolidating Balance Sheet | MACY’S, INC. Condensed Consolidating Balance Sheet As of February 1, 2020 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS: |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 413 |  |  | $ | 59 |  |  | $ | 213 |  |  | $ | — |  |  | $ | 685 |
Receivables | — |  |  | 83 |  |  | 326 |  |  | — |  |  | 409 |
Merchandise inventories | — |  |  | 2,239 |  |  | 2,949 |  |  | — |  |  | 5,188 |
Prepaid expenses and other current assets | — |  |  | 118 |  |  | 410 |  |  | — |  |  | 528 |
Total Current Assets | 413 |  |  | 2,499 |  |  | 3,898 |  |  | — |  |  | 6,810 |
Property and Equipment – net | — |  |  | 3,103 |  |  | 3,530 |  |  | — |  |  | 6,633 |
Right of Use Assets | — |  |  | 611 |  |  | 2,057 |  |  | — |  |  | 2,668 |
Goodwill | — |  |  | 3,326 |  |  | 582 |  |  | — |  |  | 3,908 |
Other Intangible Assets – net | — |  |  | 4 |  |  | 435 |  |  | — |  |  | 439 |
Other Assets | — |  |  | 37 |  |  | 677 |  |  | — |  |  | 714 |
Deferred Income Taxes | 12 |  |  | — |  |  | — |  |  | (12 | ) |  | — |
Intercompany Receivable | 2,675 |  |  | — |  |  | 1,128 |  |  | (3,803 | ) |  | — |
Investment in Subsidiaries | 3,433 |  |  | 2,796 |  |  | — |  |  | (6,229 | ) |  | — |
Total Assets | $ | 6,533 |  |  | $ | 12,376 |  |  | $ | 12,307 |  |  | $ | (10,044 | ) |  | $ | 21,172 |
LIABILITIES AND SHAREHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | 539 |  |  | $ | — |  |  | $ | — |  |  | $ | 539 |
Merchandise accounts payable | — |  |  | 702 |  |  | 980 |  |  | — |  |  | 1,682 |
Accounts payable and accrued liabilities | 126 |  |  | 909 |  |  | 2,413 |  |  | — |  |  | 3,448 |
Income taxes | 5 |  |  | 11 |  |  | 65 |  |  | — |  |  | 81 |
Total Current Liabilities | 131 |  |  | 2,161 |  |  | 3,458 |  |  | — |  |  | 5,750 |
Long-Term Debt | — |  |  | 3,621 |  |  | — |  |  | — |  |  | 3,621 |
Long-Term Lease Liabilities | — |  |  | 543 |  |  | 2,375 |  |  | — |  |  | 2,918 |
Intercompany Payable | — |  |  | 3,803 |  |  | — |  |  | (3,803 | ) |  | — |
Deferred Income Taxes | — |  |  | 595 |  |  | 586 |  |  | (12 | ) |  | 1,169 |
Other Liabilities | 25 |  |  | 414 |  |  | 898 |  |  | — |  |  | 1,337 |
Shareholders’ Equity: |  |  |  |  |  |  |  |  |  |
Macy's, Inc. | 6,377 |  |  | 1,239 |  |  | 4,990 |  |  | (6,229 | ) |  | 6,377 |
Noncontrolling Interest | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total Shareholders’ Equity | 6,377 |  |  | 1,239 |  |  | 4,990 |  |  | (6,229 | ) |  | 6,377 |
Total Liabilities and Shareholders’ Equity | $ | 6,533 |  |  | $ | 12,376 |  |  | $ | 12,307 |  |  | $ | (10,044 | ) |  | $ | 21,172 |
MACY’S, INC. Condensed Consolidating Balance Sheet As of February 2, 2019 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS: |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 889 |  |  | $ | 59 |  |  | $ | 214 |  |  | $ | — |  |  | $ | 1,162 |
Receivables | — |  |  | 68 |  |  | 332 |  |  | — |  |  | 400 |
Merchandise inventories | — |  |  | 2,342 |  |  | 2,921 |  |  | — |  |  | 5,263 |
Prepaid expenses and other current assets | — |  |  | 143 |  |  | 477 |  |  | — |  |  | 620 |
Total Current Assets | 889 |  |  | 2,612 |  |  | 3,944 |  |  | — |  |  | 7,445 |
Property and Equipment – net | — |  |  | 3,287 |  |  | 3,350 |  |  | — |  |  | 6,637 |
Goodwill | — |  |  | 3,326 |  |  | 582 |  |  | — |  |  | 3,908 |
Other Intangible Assets – net | — |  |  | 38 |  |  | 440 |  |  | — |  |  | 478 |
Other Assets | — |  |  | 41 |  |  | 685 |  |  | — |  |  | 726 |
Deferred Income Taxes | 12 |  |  | — |  |  | — |  |  | (12 | ) |  | — |
Intercompany Receivable | 1,713 |  |  | — |  |  | 1,390 |  |  | (3,103 | ) |  | — |
Investment in Subsidiaries | 4,030 |  |  | 3,119 |  |  | — |  |  | (7,149 | ) |  | — |
Total Assets | $ | 6,644 |  |  | $ | 12,423 |  |  | $ | 10,391 |  |  | $ | (10,264 | ) |  | $ | 19,194 |
LIABILITIES AND SHAREHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | 42 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 43 |
Merchandise accounts payable | — |  |  | 713 |  |  | 942 |  |  | — |  |  | 1,655 |
Accounts payable and accrued liabilities | 170 |  |  | 950 |  |  | 2,246 |  |  | — |  |  | 3,366 |
Income taxes | 14 |  |  | 52 |  |  | 102 |  |  | — |  |  | 168 |
Total Current Liabilities | 184 |  |  | 1,757 |  |  | 3,291 |  |  | — |  |  | 5,232 |
Long-Term Debt | — |  |  | 4,692 |  |  | 16 |  |  | — |  |  | 4,708 |
Intercompany Payable | — |  |  | 3,103 |  |  | — |  |  | (3,103 | ) |  | — |
Deferred Income Taxes | — |  |  | 679 |  |  | 571 |  |  | (12 | ) |  | 1,238 |
Other Liabilities | 24 |  |  | 406 |  |  | 1,150 |  |  | — |  |  | 1,580 |
Shareholders’ Equity: |  |  |  |  |  |  |  |  |
Macy's, Inc. | 6,436 |  |  | 1,786 |  |  | 5,363 |  |  | (7,149 | ) |  | 6,436 |
Noncontrolling Interest | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total Shareholders’ Equity | 6,436 |  |  | 1,786 |  |  | 5,363 |  |  | (7,149 | ) |  | 6,436 |
Total Liabilities and Shareholders’ Equity | $ | 6,644 |  |  | $ | 12,423 |  |  | $ | 10,391 |  |  | $ | (10,264 | ) |  | $ | 19,194 |
Condensed Consolidating Statement of Cash Flows | MACY’S, INC. Condensed Consolidating Statement of Cash Flows For 2019 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 564 |  |  | $ | (474 | ) |  | $ | 755 |  |  | $ | (281 | ) |  | $ | 564 |
Restructuring, impairment, store closing and other costs | — |  |  | 108 |  |  | 246 |  |  | — |  |  | 354 |
Settlement charges | — |  |  | 22 |  |  | 36 |  |  | — |  |  | 58 |
Gains on sale of real estate | — |  |  | (37 | ) |  | (125 | ) |  | — |  |  | (162 | )
Equity in (earnings) loss of subsidiaries | (547 | ) |  | 266 |  |  | — |  |  | 281 |  |  | — |
Dividends received from subsidiaries | 936 |  |  | — |  |  | — |  |  | (936 | ) |  | — |
Depreciation and amortization | — |  |  | 323 |  |  | 658 |  |  | — |  |  | 981 |
Changes in assets, liabilities and other items not separately identified | (4 | ) |  | (90 | ) |  | (93 | ) |  | — |  |  | (187 | )
Net cash provided by operating activities | 949 |  |  | 118 |  |  | 1,477 |  |  | (936 | ) |  | 1,608 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchase of property and equipment and capitalized software, net | — |  |  | (198 | ) |  | (774 | ) |  | — |  |  | (972 | )
Other, net | — |  |  | (2 | ) |  | (28 | ) |  | — |  |  | (30 | )
Net cash used by investing activities | — |  |  | (200 | ) |  | (802 | ) |  | — |  |  | (1,002 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Debt repaid, including debt issuance costs | — |  |  | (598 | ) |  | (2 | ) |  | — |  |  | (600 | )
Dividends paid | (466 | ) |  | — |  |  | (936 | ) |  | 936 |  |  | (466 | )
Issuance of common stock, net of common stock acquired | 5 |  |  | — |  |  | — |  |  | — |  |  | 5 |
Intercompany activity, net | (915 | ) |  | 687 |  |  | 228 |  |  | — |  |  | — |
Other, net | (49 | ) |  | (7 | ) |  | (6 | ) |  | — |  |  | (62 | )
Net cash provided (used) by financing activities | (1,425 | ) |  | 82 |  |  | (716 | ) |  | 936 |  |  | (1,123 | )
Net decrease in cash, cash equivalents and restricted cash | (476 | ) |  | — |  |  | (41 | ) |  | — |  |  | (517 | )
Cash, cash equivalents and restricted cash at beginning of period | 889 |  |  | 64 |  |  | 295 |  |  | — |  |  | 1,248 |
Cash, cash equivalents and restricted cash at end of period | $ | 413 |  |  | $ | 64 |  |  | $ | 254 |  |  | $ | — |  |  | $ | 731 |
MACY’S, INC. Condensed Consolidating Statement of Cash Flows For 2018 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net income | $ | 1,108 |  |  | $ | 45 |  |  | $ | 1,394 |  |  | $ | (1,449 | ) |  | $ | 1,098 |
Restructuring, impairment, store closing and other costs | — |  |  | 33 |  |  | 103 |  |  | — |  |  | 136 |
Settlement charges | 5 |  |  | 30 |  |  | 53 |  |  | — |  |  | 88 |
Gains on sale of real estate | — |  |  | (141 | ) |  | (248 | ) |  | — |  |  | (389 | )
Equity in earnings of subsidiaries | (1,104 | ) |  | (345 | ) |  | — |  |  | 1,449 |  |  | — |
Dividends received from subsidiaries | 1,040 |  |  | 200 |  |  | — |  |  | (1,240 | ) |  | — |
Depreciation and amortization | — |  |  | 334 |  |  | 628 |  |  | — |  |  | 962 |
Changes in assets, liabilities and other items not separately identified | (91 | ) |  | 198 |  |  | (266 | ) |  | (1 | ) |  | (160 | )
Net cash provided by operating activities | 958 |  |  | 354 |  |  | 1,664 |  |  | (1,241 | ) |  | 1,735 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchase of property and equipment and capitalized software, net | — |  |  | (135 | ) |  | (323 | ) |  | — |  |  | (458 | )
Other, net | — |  |  | (16 | ) |  | (33 | ) |  | 51 |  |  | 2 |
Net cash used by investing activities | — |  |  | (151 | ) |  | (356 | ) |  | 51 |  |  | (456 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Debt repaid | — |  |  | (1,098 | ) |  | (1 | ) |  | (50 | ) |  | (1,149 | )
Dividends paid | (463 | ) |  | — |  |  | (1,240 | ) |  | 1,240 |  |  | (463 | )
Issuance of common stock, net of common stock acquired | 45 |  |  | — |  |  | — |  |  | — |  |  | 45 |
Proceeds from noncontrolling interest | — |  |  | — |  |  | 7 |  |  | — |  |  | 7 |
Intercompany activity, net | (767 | ) |  | 875 |  |  | (108 | ) |  | — |  |  | — |
Other, net | 7 |  |  | 5 |  |  | 4 |  |  | — |  |  | 16 |
Net cash used by financing activities | (1,178 | ) |  | (218 | ) |  | (1,338 | ) |  | 1,190 |  |  | (1,544 | )
Net decrease in cash, cash equivalents and restricted cash | (220 | ) |  | (15 | ) |  | (30 | ) |  | — |  |  | (265 | )
Cash, cash equivalents and restricted cash at beginning of period | 1,109 |  |  | 79 |  |  | 325 |  |  | — |  |  | 1,513 |
Cash, cash equivalents and restricted cash at end of period | $ | 889 |  |  | $ | 64 |  |  | $ | 295 |  |  | $ | — |  |  | $ | 1,248 |
MACY’S, INC. Condensed Consolidating Statement of Cash Flows For 2017 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net income | $ | 1,566 |  |  | $ | 775 |  |  | $ | 1,561 |  |  | $ | (2,347 | ) |  | $ | 1,555 |
Restructuring, impairment, store closing and other costs | — |  |  | 40 |  |  | 146 |  |  | — |  |  | 186 |
Settlement charges | — |  |  | 35 |  |  | 70 |  |  | — |  |  | 105 |
Gains on sale of real estate | — |  |  | (201 | ) |  | (343 | ) |  | — |  |  | (544 | )
Equity in earnings of subsidiaries | (1,574 | ) |  | (773 | ) |  | — |  |  | 2,347 |  |  | — |
Dividends received from subsidiaries | 903 |  |  | 450 |  |  | — |  |  | (1,353 | ) |  | — |
Depreciation and amortization | — |  |  | 354 |  |  | 637 |  |  | — |  |  | 991 |
Changes in assets, liabilities and other items not separately identified | 14 |  |  | 79 |  |  | (410 | ) |  | — |  |  | (317 | )
Net cash provided by operating activities | 909 |  |  | 759 |  |  | 1,661 |  |  | (1,353 | ) |  | 1,976 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Disposition (purchase) of property and equipment and capitalized software, net | — |  |  | 68 |  |  | (417 | ) |  | — |  |  | (349 | )
Other, net | — |  |  | 7 |  |  | (9 | ) |  | — |  |  | (2 | )
Net cash provided (used) by investing activities | — |  |  | 75 |  |  | (426 | ) |  | — |  |  | (351 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Debt repaid | — |  |  | (987 | ) |  | (1 | ) |  | — |  |  | (988 | )
Dividends paid | (461 | ) |  | — |  |  | (1,353 | ) |  | 1,353 |  |  | (461 | )
Issuance of common stock, net of common stock acquired | 5 |  |  | — |  |  | — |  |  | — |  |  | 5 |
Proceeds from noncontrolling interest | — |  |  | — |  |  | 13 |  |  | — |  |  | 13 |
Intercompany activity, net | (427 | ) |  | 249 |  |  | 178 |  |  | — |  |  | — |
Other, net | 145 |  |  | (98 | ) |  | (62 | ) |  | — |  |  | (15 | )
Net cash used by financing activities | (738 | ) |  | (836 | ) |  | (1,225 | ) |  | 1,353 |  |  | (1,446 | )
Net increase (decrease) in cash, cash equivalents and restricted cash | 171 |  |  | (2 | ) |  | 10 |  |  | — |  |  | 179 |
Cash, cash equivalents and restricted cash at beginning of period | 938 |  |  | 81 |  |  | 315 |  |  | — |  |  | 1,334 |
Cash, cash equivalents and restricted cash at end of period | $ | 1,109 |  |  | $ | 79 |  |  | $ | 325 |  |  | $ | — |  |  | $ | 1,513 |

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