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Derivative Financial Instruments (Tables) | 6 Months Ended
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Aug. 02, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Foreign Exchange Forward Contracts Outstanding | We had foreign exchange forward contracts outstanding in the following notional amounts:
($ in millions) | August 2, 2025 |  | February 1, 2025 |  | August 3, 2024
Derivatives designated as cash flow hedges | $ | 527 |  |  | $ | 363 |  |  | $ | 457 |
Derivatives not designated as hedging instruments | 422 |  |  | 419 |  |  | 410 |
Total | $ | 949 |  |  | $ | 782 |  |  | $ | 867 |
Fair Values of Asset and Liability Derivative Financial Instruments | The fair values of foreign exchange forward contracts are as follows:
($ in millions) | August 2, 2025 |  | February 1, 2025 |  | August 3, 2024
Derivatives designated as cash flow hedges: |  |  |  |  |
Other current assets | $ | 4 |  |  | $ | 20 |  |  | $ | 8 |
Other long-term assets | 2 |  |  | — |  |  | 2 |
Accrued expenses and other current liabilities | 1 |  |  | — |  |  | 2 |
Other long-term liabilities | — |  |  | — |  |  | 1 |
Derivatives not designated as hedging instruments: |  |  |  |  |
Other current assets | 3 |  |  | 13 |  |  | 6 |
Accrued expenses and other current liabilities | 5 |  |  | — |  |  | — |
Total derivatives in an asset position | $ | 9 |  |  | $ | 33 |  |  | $ | 16 |
Total derivatives in a liability position | $ | 6 |  |  | $ | — |  |  | $ | 3 |
Effects of Derivative Financial Instruments on OCI and Condensed Consolidated Statements of Income | The pre-tax amounts recognized in net income related to derivative instruments are as follows:
| Location and Amount of Gain Recognized in Net Income
| 13 Weeks Ended August 2, 2025 |  | 13 Weeks Ended August 3, 2024
($ in millions) | Cost of goods sold and occupancy expenses |  | Operating expenses |  | Cost of goods sold and occupancy expenses |  | Operating expenses
Total amount of expense line items presented in the Condensed Consolidated Statements of Operations in which the effects of derivatives are recorded | $ | 2,189 |  |  | $ | 1,244 |  |  | $ | 2,137 |  |  | $ | 1,290 |
Gain recognized in net income |  |  |  |  |  |  |
Derivatives designated as cash flow hedges | — |  |  | — |  |  | (4) |  |  | — |
Derivatives not designated as hedging instruments | — |  |  | (1) |  |  | — |  |  | (6) |
Total gain recognized in net income | $ | — |  |  | $ | (1) |  |  | $ | (4) |  |  | $ | (6) |
| Location and Amount of (Gain) Loss Recognized in Net Income
| 26 Weeks Ended August 2, 2025 |  | 26 Weeks Ended August 3, 2024
($ in millions) | Cost of goods sold and occupancy expense |  | Operating expenses |  | Cost of goods sold and occupancy expense |  | Operating expenses
Total amount of expense line items presented in the Condensed Consolidated Statements of Operations in which the effects of derivatives are recorded | $ | 4,204 |  |  | $ | 2,432 |  |  | $ | 4,128 |  |  | $ | 2,482 |
(Gain) loss recognized in net income |  |  |  |  |  |  |
Derivatives designated as cash flow hedges | (5) |  |  | — |  |  | (6) |  |  | — |
Derivatives not designated as hedging instruments | — |  |  | 20 |  |  | — |  |  | (13) |
Total (gain) loss recognized in net income | $ | (5) |  |  | $ | 20 |  |  | $ | (6) |  |  | $ | (13) |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E + Details
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