Transactions with Former Parent (Tables)

12 Months Ended

Jan. 28, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Net Transfers from (to) Former Parent

The following table presents the components of Net Transfers from (to) Former Parent prior to the Separation in the 2021 and 2020 Consolidated and Combined Statements of Equity:

	2021		2020
	(in millions)
Cash Pooling and General Financing Activities, Net	$	(172)	$	(543)
Long-lived Assets (a)	16		—
Corporate Expense Allocations	49		77
Share-based Compensation Expense	15		25
Assumed Income Tax Payments	15		59
Cash Payment to Former Parent	(976)		—
Total Net Transfers to Former Parent	$	(1,053)	$	(382)

_______________

(a)Represents long-lived assets transferred between the Company and the Former Parent as a result of asset allocation decisions made during the period.

Schedule Of Spinoff Transactions

The following table summarizes the recognized consideration and costs pursuant to the transition services agreements for 2022 and 2021:

	2022		2021
	(in millions)
Consideration Received	$	72	$	55
Costs Recognized	74		42

The following table summarizes the recognized costs pursuant to the Domestic Transportation Services Agreement for 2022 and 2021:

	2022		2021
	(in millions)
Costs Recognized	$	91	$	46