v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Operating activities      
Net earnings $ 3,705 $ 4,091 $ 4,138
Adjustments to reconcile net earnings to cash provided by operations:      
Depreciation and amortization 3,134 2,981 2,801
Share-based compensation expense 281 304 251
Deferred income taxes (55) (180) 298
Noncash (gains) / losses and other, net (100) 26 94
Changes in operating accounts:      
Inventory 436 (854) 1,613
Other assets (494) (308) (85)
Accounts payable (501) 1,008 (1,216)
Accrued and other liabilities 156 299 727
Cash provided by operating activities 6,562 7,367 8,621
Investing activities      
Expenditures for property and equipment (3,727) (2,891) (4,806)
Other 78 31 46
Cash used in investing activities (3,649) (2,860) (4,760)
Financing activities      
Additions to long-term debt 1,984 741 0
Reductions of long-term debt (1,643) (1,139) (147)
Dividends paid (2,053) (2,046) (2,011)
Repurchase of stock (408) (1,007) 0
Shares withheld for taxes on share-based compensation (67) (99) (127)
Cash used in financing activities (2,187) (3,550) (2,285)
Net increase in cash and cash equivalents 726 957 1,576
Cash and cash equivalents at beginning of period 4,762 3,805 2,229
Cash and cash equivalents at end of period 5,488 4,762 3,805
Supplemental information      
Interest paid, net of capitalized interest 629 615 605
Leased assets obtained in exchange for new finance lease liabilities 104 319 104
Leased assets obtained in exchange for new operating lease liabilities $ 381 $ 758 $ 1,027