FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Apr. 29, 2022

Fair Value Disclosures [Abstract]

Hierarchy for assets and liabilities measured at fair value on a recurring basis

The following table presents the Company’s hierarchy for its assets and liabilities measured at fair value on a recurring basis as of the dates indicated:

	April 29, 2022								January 28, 2022
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs				Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	(in millions)
Assets:
Cash and cash equivalents:
Money market funds	$	1,977	$	—	$	—	$	1,977	$	3,737	$	—	$	—	$	3,737
Marketable equity and other securities	61		—		—		61		86		—		—		86
Derivative instruments	—		471		—		471		—		253		—		253
Total assets	$	2,038	$	471	$	—	$	2,509	$	3,823	$	253	$	—	$	4,076
Liabilities:
Derivative instruments	$	—	$	180	$	—	$	180	$	—	$	138	$	—	$	138
Total liabilities	$	—	$	180	$	—	$	180	$	—	$	138	$	—	$	138

Carrying value and estimated fair value of outstanding debt

Carrying Value and Estimated Fair Value of Outstanding Debt — The following table presents the carrying value and estimated fair value of the Company’s outstanding debt as described in Note 7 of the Notes to the Condensed Consolidated Financial Statements, including the current portion, as of the dates indicated:

	April 29, 2022				January 28, 2022
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(in billions)
Senior Notes	$	16.1	$	16.7	$	16.1	$	18.5
Legacy Notes and Debentures	$	0.8	$	1.0	$	0.8	$	1.1