v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Cash flows from operating activities:      
Net income $ 5,494 $ 4,864 $ 4,474
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,247 1,104 964
Loss on property disposals and impairment charges 21 10 61
Deferred income tax provision (benefit) 112 28 (7)
Share-based compensation 214 183 160
Changes in assets and liabilities:      
(Increase) decrease in accounts receivable (41) (26) 37
(Increase) in merchandise inventories (724) (539) (145)
Decrease (increase) in income taxes recoverable 61 (10) 60
Increase in prepaid expenses and other current assets (468) (31) (40)
Increase in accounts payable 239 448 64
Increase in accrued expenses and other liabilities 628 228 443
Increase (decrease) in income taxes payable 174 (31) 46
Increase (decrease) in net operating lease liabilities 4 (12) (18)
Other, net (87) (100) (42)
Net cash provided by operating activities 6,874 6,116 6,057
Cash flows from investing activities:      
Property additions (1,957) (1,918) (1,722)
Purchase of equity investments (12) (551) 0
Purchases of investments (38) (35) (28)
Sales and maturities of investments 26 27 33
Net cash (used in) investing activities (1,981) (2,477) (1,717)
Cash flows from financing activities:      
Payments for repurchase of common stock (2,522) (2,513) (2,484)
Proceeds from issuance of common stock 311 366 285
Cash dividends paid (1,842) (1,648) (1,484)
Repayment of debt 0 0 (500)
Other (65) (43) (32)
Net cash (used in) financing activities (4,118) (3,838) (4,215)
Effect of exchange rate changes on cash 120 (66) (2)
Net increase (decrease) in cash and cash equivalents 895 (265) 123
Cash and cash equivalents at beginning of year 5,335 5,600 5,477
Cash and cash equivalents at end of year $ 6,230 $ 5,335 $ 5,600