Inventories

3 Months Ended

Apr. 30, 2022

Inventory, Net [Abstract]

Inventories

Inventories

The following table provides details of inventories as of April 30, 2022, January 29, 2022 and May 1, 2021:

	April 30, 2022		January 29, 2022		May 1, 2021
	(in millions)
Finished Goods Merchandise	$	996	$	898	$	721
Raw Materials and Merchandise Components	50		51		40
Total Inventories	$	1,046	$	949	$	761

Inventories are principally valued at the lower of cost or net realizable value, on an average cost basis. The above amounts are net of valuation adjustments for inventory where the cost exceeds the amount the Company expects to realize from the ultimate sale or disposal of the inventory and net of loss adjustments for estimated physical inventory losses that have occurred since the date of the last physical inventory.