Fair Value of Financial Instruments (Tables)

9 Months Ended

Oct. 30, 2021

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]

Schedule of Fair Value of Financial Instruments

The following table provides a summary of the principal value and estimated fair value of outstanding publicly traded debt as of October 30, 2021, January 30, 2021 and October 31, 2020:

	October 30, 2021		January 30, 2021		October 31, 2020
	(in millions)
Principal Value	$	1,000	$	—	$	—
Fair Value, Estimated (a)	1,003		—		—

________________

(a)The estimated fair value of the Company’s publicly traded debt is based on reported transaction prices which are considered Level 2 inputs in accordance with ASC 820, Fair Value Measurement. The estimates presented are not necessarily indicative of the amounts that the Company could realize in a current market exchange.