v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
May 02, 2026
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]  
Carrying Value and Fair Value of Long-Term Debt, Disclosure
The following table provides a summary of the principal value and estimated fair value of the Company’s outstanding debt as of May 2, 2026, January 31, 2026 and May 3, 2025:
May 2,
2026
January 31,
2026
May 3,
2025
(in millions)
Principal Value$3,632 $3,916 $3,916 
Fair Value, Estimated (a)3,628 3,964 3,957 
  _______________
(a)The estimated fair value of the Company’s debt is based on reported transaction prices, which are considered Level 2 inputs in accordance with Accounting Standards Codification 820, Fair Value Measurement. The estimates presented are not necessarily indicative of the amounts that the Company could realize in a current market exchange.