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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jul. 31, 2021
Aug. 01, 2020
Operating activities    
Net income (loss) $ 396 $ (494)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 421 446
Share-based compensation 25 14
Deferred income taxes (57) (132)
Impairments, store closing, and other costs   48
(Gain) on sale of real estate 0 (127)
Loss on extinguishment of debt 201 0
Non-cash inventory costs   187
Non-cash lease expense 74 74
Other non-cash expense 9 10
Changes in operating assets and liabilities:    
Merchandise inventories (138) 656
Other current and long-term assets 590 (170)
Accounts payable 19 (142)
Accrued and other long-term liabilities 228 16
Operating lease liabilities (76) (82)
Net cash provided by operating activities 1,692 304
Investing activities    
Acquisition of property and equipment (191) (196)
Proceeds from sale of real estate 4 193
Net cash used in investing activities (187) (3)
Financing activities    
Proceeds from issuance of debt 500 2,097
Deferred financing costs (5) (19)
Treasury stock purchases (301) (8)
Shares withheld for taxes on vested restricted shares (25) (20)
Dividends paid (77) (108)
Reduction of long-term borrowings (1,044) (497)
Premium paid on redemption of debt (192)  
Finance lease and financing obligation payments (65) (44)
Proceeds from stock option exercises 1  
Proceeds from financing obligations 4 3
Other (3)  
Net cash (used in) provided by financing activities (1,207) 1,404
Net increase in cash and cash equivalents 298 1,705
Cash and cash equivalents at beginning of period 2,271 723
Cash and cash equivalents at end of period 2,569 2,428
Supplemental information    
Interest paid, net of capitalized interest 128 108
Income taxes paid $ 43 $ 137