Investor Presentaiton

Reconciliations KOHL'S Free Cash Flow ($ in millions) July 30, 2022 Three Months Ended Six Months Ended Net cash provided by operating activities. $ Acquisition of property and equipment Finance lease and financing obligation payments Proceeds from financing obligations. Free Cash Flow (86) $ (327) (546) (548) (26) (55) 1 5 LO $ (438) $ (1,144) 20

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