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Fair Value Measurements and Concentrations of Credit Risk (Tables) | 12 Months Ended
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Jan. 30, 2021
Fair Value By Fair Value Hierarchy Level Extensible List [Abstract] |
Fair Value of Plan Assets Measured on a Recurring Basis | The following table shows the Company’s financial assets that are required to be measured at fair value on a recurring basis, by level within the hierarchy as defined by applicable accounting standards:
|  | January 30, 2021 |  |  | February 1, 2020 |
|  |  |  |  |  | Fair Value Measurements |  |  |  |  |  |  | Fair Value Measurements |
|  |  |  |  |  | Quoted Prices |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Quoted Prices |  |  |  |  |  |  |  |  |
|  | Total |  |  | in Active Markets for Identical Assets (Level 1) |  |  | Significant Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Total |  |  | in Active Markets for Identical Assets (Level 1) |  |  | Significant Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
|  | (millions) |
Marketable equity and debt securities |  | $ | 100 |  |  | $ | 37 |  |  | $ | 63 |  |  | $ | — |  |  | $ | 132 |  |  | $ | 34 |  |  | $ | 98 |  |  | $ | — |
Estimated Fair Values of Company's Long Term Debt | The following table shows the estimated fair value of the Company’s long-term debt, excluding capital leases and other obligations:
|  | January 30, 2021 |  |  | February 1, 2020 |
|  | Notional Amount |  |  | Carrying Amount |  |  | Fair Value |  |  | Notional Amount |  |  | Carrying Amount |  |  | Fair Value |
|  | (millions) |
Long-term debt |  | $ | 4,454 |  |  | $ | 4,407 |  |  | $ | 4,320 |  |  | $ | 3,607 |  |  | $ | 3,621 |  |  |  | 3,702 |
Fair Value Measurements, Nonrecurring Basis | The following table shows certain of the Company’s long-lived assets, which includes tangible and intangible assets, that were measured at fair value on a nonrecurring basis during 2020 and 2019:
|  | January 30, 2021 |  |  | February 1, 2020 |
|  |  |  |  |  | Fair Value Measurements |  |  |  |  |  |  | Fair Value Measurements |
|  | Total |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Total |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
|  | (millions) |
Long-lived assets |  | $ | 95 |  |  | $ | — |  |  | $ | — |  |  | $ | 95 |  |  | $ | 129 |  |  | $ | — |  |  | $ | — |  |  | $ | 129 |
Goodwill |  |  | 828 |  |  |  | — |  |  |  | — |  |  |  | 828 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets, 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). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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