The Company has a Master Accounts Receivable Purchase Agreement ("MARPA Facility") with MUFG Bank, Ltd. (the "Purchaser") for the sale of up to a maximum amount of $300 million of certain designated eligible receivables with the U.S. government.

During the three and six months ended August 1, 2025, the Company incurred purchase discount fees of approximately $3 million and $7 million, respectively. During the three and six months ended August 2, 2024, the Company incurred purchase discount fees of $4 million and $7 million, respectively. The purchase discount fees are presented in "Other (income) expense, net" on the condensed consolidated statements of income and are reflected as cash flows from operating activities on the condensed consolidated statements of cash flows.


	Six Months Ended
	August 1, 2025		August 2, 2024
	(in millions)
Beginning balance	$	164	$	205
Sale of receivables	2,443		2,065
Cash collections	(2,342)		(2,095)
Outstanding balance sold to Purchaser(1)	265		175
Cash collected, not remitted to Purchaser(2)	(25)		(31)
Remaining sold receivables	$	240	$	144

(1) For the six months ended August 1, 2025, the Company recorded a net increase of $101 million to cash flows from operating activities from sold receivables. For the six months ended August 2, 2024, the Company recorded a net decrease of $30 million to cash flows from operating activities from sold receivables.