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CONSOLIDATED AND COMBINED BALANCE SHEETS - USD ($)
$ in Millions
Oct. 30, 2021
Jan. 30, 2021
Oct. 31, 2020
Current Assets:      
Cash and Cash Equivalents $ 331 $ 335 $ 189
Accounts Receivable, Net 145 121 135
Inventories 1,019 701 981
Other 114 82 78
Total Current Assets 1,609 1,239 1,383
Property and Equipment, Net 976 1,078 1,167
Operating Lease Assets 1,448 1,590 1,683
Trade Name 246 246 246
Deferred Income Taxes 10 20 81
Other Assets 80 56 57
Total Assets 4,369 4,229 4,617
Current Liabilities:      
Accounts Payable 560 338 548
Accrued Expenses and Other 696 776 665
Current Debt 4 0 11
Current Operating Lease Liabilities 320 421 443
Income Taxes 18 15 34
Due to Former Parent 0 6 0
Total Current Liabilities 1,598 1,556 1,701
Deferred Income Taxes 107 19 0
Long-term Debt 978 0 87
Long-term Debt due to Former Parent 0 97 0
Long-term Operating Lease Liabilities 1,391 1,553 1,709
Other Long-term Liabilities 43 113 97
Total Liabilities 4,117 3,338 3,594
Shareholders' Equity:      
Preferred Stock — $0.01 par value; 10 shares authorized; none issued 0 0 0
Common Stock — $0.01 par value; 1,000 shares authorized; 89, 0, and 0 shares issued and outstanding, respectively 1 0 0
Paid-in Capital 172 0 0
Accumulated Other Comprehensive Income (Loss) 7 4 (32)
Retained Earnings 72 0 0
Net Investment by Former Parent 0 887 1,052
Total Shareholders' Equity 252 891 1,020
Noncontrolling Interest 0 0 3
Total Equity 252 891 1,023
Total Liabilities and Equity $ 4,369 $ 4,229 $ 4,617