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Segment Reporting
 6 Months Ended
Aug. 02, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company is managed at the consolidated level and therefore operates and reports as a single segment. During the second quarter of 2025, the Company’s Chief Executive Officer was its Chief Operating Decision Maker (“CODM”), and the measure of profitability included in the financial information regularly provided to the CODM was total Company Adjusted Operating Income, or Operating Income in periods where there are no adjustments. The Company’s CODM assesses Adjusted Operating Income performance in comparison to forecasts and historical results to make decisions on the reinvestment of profits into the business and capital allocation strategies.
The following table illustrates significant segment expenses that were regularly provided to the CODM for the second quarters of and year-to-date 2025 and 2024:
Second QuarterYear-to-Date
2025202420252024
 (in millions)
Net Sales$1,549 $1,526 $2,974 $2,910 
Cost of Goods Sold (631)(623)(1,140)(1,131)
Buying and Occupancy(278)(277)(547)(546)
Gross Profit640 626 1,287 1,233 
Selling Expenses (282)(261)(538)(508)
Marketing Expenses (53)(51)(103)(95)
Adjusted General and Administrative Expenses(133)(131)(264)(260)
Adjusted Operating Income172 183 382 370 
Leadership Transition Costs (a)(15)— (15)— 
Reported Operating Income$157 $183 $367 $370 
 ________________
(a)In the second quarter of and year-to-date 2025, the Company recognized pre-tax costs of $15 million due to the transition of certain members of the leadership team, primarily related to severance benefits, which were excluded from General and Administrative Expenses in the Adjusted Operating Income details provided to the CODM.
As a single reportable segment entity, the other disclosures required by ASC 280, Segment Reporting, can be found in the Company’s Consolidated Financial Statements and the Notes thereto, including the Company’s measure of segment assets, which is total consolidated assets.