Fair Value Measurements (Tables)

3 Months Ended

May 03, 2025

Fair Value, Assets and Liabilities Measured on Recurring Basis


				Fair Value as of
	Balance Sheet Location⁽¹⁾	Fair Value Hierarchy		May 3, 2025		February 1, 2025		May 4, 2024
Assets
Money market funds⁽²⁾	Cash and cash equivalents		Level 1	$	79	$	439	$	234
Time deposits⁽³⁾	Cash and cash equivalents		Level 2		232		150		110
Money market funds⁽²⁾	Other current assets		Level 1		142		140		184
Time deposits⁽³⁾	Other current assets		Level 2		50		50		51
Marketable securities that fund deferred compensation⁽⁴⁾	Other assets		Level 1		38		39		49

Liabilities
Interest rate swap derivative instruments⁽⁵⁾	Long-term liabilities		Level 2		8		14		27

(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.

Fair Value of Financial Instruments


	May 3, 2025				February 1, 2025				May 4, 2024
	Fair Value		Carrying Value		Fair Value		Carrying Value		Fair Value		Carrying Value
Long-term debt⁽¹⁾	$	1,043	$	1,142	$	1,031	$	1,136	$	994	$	1,123

(1)Excludes debt discounts, issuance costs and finance lease obligations.