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Pension Plans (Tables)

12 Months Ended

Feb. 03, 2024

Retirement Benefits [Abstract]

Schedule of Recognition of Funded/(Underfunded) Status

Funded Status			Qualified Plan									Nonqualified and International Plans
(millions)			2023			2022						2023			2022
Projected benefit obligations			$	3,436		$	3,616					$	60		$	64
Fair value of plan assets			3,493			3,691						21			17
Funded / (underfunded) status			$	57		$	75					$	(39)		$	(47)

Schedule of Estimated Future Benefit Payments

Estimated Future Benefit Payments (millions)			Pension Benefits
2024			$	341
2025			220
2026			227
2027			235
2028			240
2029 - 2033			1,267

Schedule of Net Pension Benefits Expense

Net Pension Benefits Expense
(millions)			Classification			2023			2022			2021
Service cost benefits earned			SG&A Expenses			$	79		$	94		$	100
Interest cost on projected benefit obligation			Net Other Income			166			117			96
Expected return on assets			Net Other Income			(269)			(234)			(238)
Amortization of losses			Net Other Income			1			61			113
Prior service cost			Net Other Income			11			10			—
Total						$	(12)		$	48		$	71

Schedule of Benefit Obligation Weighted Average Assumptions

Benefit Obligation Weighted Average Assumptions			2023			2022
Discount rate			5.20		%	4.83		%
Average assumed rate of compensation increase			3.00			3.00
Cash balance plan interest crediting rate			4.64			4.64

Schedule of Net Periodic Benefit Expense Weighted Average Assumptions

Net Periodic Benefit Expense Weighted Average Assumptions			2023			2022			2021
Discount rate			4.83		%	3.30		%	2.84		%
Expected long-term rate of return on plan assets			6.50			5.60			5.80
Average assumed rate of compensation increase			3.00			3.00			3.00
Cash balance plan interest crediting rate			4.64			4.64			4.64

Schedule of Change in Projected Benefit Obligation

Change in Projected Benefit Obligation			Qualified Plan									Nonqualified and International Plans
(millions)			2023			2022						2023			2022
Benefit obligation at beginning of period			$	3,616		$	4,305					$	64		$	72
Service cost			76			89						3			5
Interest cost			164			116						2			2
Plan amendments			11			10						—			—
Actuarial gain (a)			(114)			(612)						(4)			(9)
Participant contributions			4			2						—			—
Benefits paid			(321)			(294)						(5)			(6)
Benefit obligation at end of period (b)			$	3,436		$	3,616					$	60		$	64

(a)The actuarial gain was primarily driven by changes in the weighted average discount rate.

(b)Accumulated benefit obligation—the present value of benefits earned to date assuming no future salary growth—is materially consistent with the projected benefit obligation in each period presented.

Schedule of Change in Plan Assets

Change in Plan Assets			Qualified Plan									Nonqualified and International Plans
(millions)			2023			2022						2023			2022
Fair value of plan assets at beginning of period			$	3,691		$	4,433					$	17		$	16
Actual return on plan assets			119			(600)						1			(3)
Employer contributions			—			150						8			10
Participant contributions			4			2						—			—
Benefits paid			(321)			(294)						(5)			(6)
Fair value of plan assets at end of period			$	3,493		$	3,691					$	21		$	17

Schedule of Asset Category

Asset Category			Current Targeted Allocation			Actual Allocation
						2023			2022
Domestic equity securities (a)			12		%	12		%	12		%
International equity securities			8			8			8
Debt securities			50			52			51
Diversified funds			25			24			23
Other (b)			5			4			6
Total			100		%	100		%	100		%

(a)Equity securities include our common stock in amounts substantially less than 1 percent of total plan assets in both periods presented.

(b)Other assets include private equity, mezzanine and high-yield debt, natural resources and timberland funds, derivative instruments, and real estate.

Schedule of Fair Value Measurements

Fair Value Measurements						Fair Value as of
(millions)			Measurement Level			January 31, 2024						January 31, 2023
Cash and cash equivalents			Level 1			$	5					$	13
Derivatives			Level 2			10						6
Government securities (a)			Level 2			551						619
Fixed income (b)			Level 2			1,195						1,214
						1,761						1,852
Investments valued using NAV per share (c)
Fixed income						6						6
Private equity funds						64						64
Cash and cash equivalents						141						240
Common collective trusts						623						594
Diversified funds						825						844
Other						94						108
Total plan assets						$	3,514					$	3,708

(a)Investments in government securities and long-term government bonds.

(b)Investments in corporate and municipal bonds.

(c)Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the statement of financial position.

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