v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
May 03, 2026
May 04, 2025
Cash Flows From Operating Activities:    
Net income $ 113 $ 105
Adjustments to reconcile net cash from operating activities:    
Depreciation and amortization 47 48
Equity-based compensation expense 3 5
Deferred income tax expense 6 3
Other 2 4
Changes in assets and liabilities:    
(Increase) decrease in receivables (213) (257)
(Increase) decrease in inventories (119) (163)
(Increase) decrease in other assets (1) (5)
Increase (decrease) in accounts payable 301 361
Increase (decrease) in accrued liabilities (57) (24)
Cash Flows From Investing Activities:    
Capital expenditures (14) (13)
Other (7) (3)
Cash Flows From Financing Activities:    
Repurchase and retirement of equity interests (88) (39)
Distributions to non-controlling interest holders (2) (2)
Payments pursuant to Tax Receivable Agreements (42) (18)
Borrowings on asset-based revolving credit facility 0 100
Repayments on asset-based revolving credit facility 0 (93)
Repayments of long-term debt (6) (6)
Payment of contingent consideration (2) 0
Other 9 (3)
Net cash provided by operating activities 82 77
Net cash used in investing activities (21) (16)
Net cash used in financing activities (131) (61)
Decrease in cash and cash equivalents (70) 0
Cash and cash equivalents at the beginning of the period 220 8
Cash and cash equivalents at the end of the period 150 8
Cash paid for interest (excluding effects of interest rate swap) 41 14
Cash paid for income taxes $ 29 $ 29