XML 41 R26.htm IDEA: XBRL DOCUMENT
v3.25.2

Fair Value Measurements (Tables) | 6 Months Ended
--- | ---
Aug. 02, 2025
Fair Value Disclosures [Abstract] |
Schedule of Financial assets and liabilities | Financial assets and liabilities accounted for at fair value were as follows ($ in millions):
|  |  |  |  | Fair Value as of
| Balance Sheet Location(1) |  | Fair Value Hierarchy |  | August 2, 2025 |  | February 1, 2025 |  | August 3, 2024
Assets |  |  |  |  |  |  |  |  |
Money market funds(2) | Cash and cash equivalents |  | Level 1 |  | $ | 78 |  | $ | 439 |  | $ | 212
Time deposits(3) | Cash and cash equivalents |  | Level 2 |  | 258 |  | 150 |  | 136
Money market funds(2) | Other current assets |  | Level 1 |  | 123 |  | 140 |  | 147
Time deposits(3) | Other current assets |  | Level 2 |  | 40 |  | 50 |  | 51
Marketable securities that fund deferred compensation(4) | Other assets |  | Level 1 |  | 40 |  | 39 |  | 38
Liabilities |  |  |  |  |  |  |  |  |
Interest rate swap derivative instruments(5) | Long-term liabilities |  | Level 2 |  | - |  | 14 |  | 2
(1)Balance sheet location is determined by the length to maturity at date of purchase and whether the assets are restricted for particular use. (2)Valued at quoted market prices in active markets at period end. (3)Valued at face value plus accrued interest at period end, which approximates fair value. (4)Valued using the performance of mutual funds that trade with sufficient frequency and volume to obtain pricing information on an ongoing basis. (5)Valued using readily observable market inputs. These instruments are custom, over-the-counter contracts with various bank counterparties that are not traded on an active market. See Note 5, Derivative Instruments, for additional information.
Schedule of Fair Value of Financial Instruments | Long-term debt balances were as follows ($ in millions):
| August 2, 2025 |  | February 1, 2025 |  | August 3, 2024
| Fair Value |  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value |  | Carrying Value
Long-term debt(1) | $ | 1,077 |  | $ | 1,150 |  | $ | 1,031 |  | $ | 1,136 |  | $ | 1,058 |  | $ | 1,148
(1)Excludes debt discounts, issuance costs and finance lease obligations.

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration