Inventories

3 Months Ended

Apr. 29, 2023

Inventory, Net [Abstract]

Inventories

Inventories

The following table provides details of Inventories as of April 29, 2023, January 28, 2023 and April 30, 2022:

	April 29, 2023		January 28, 2023		April 30, 2022
	(in millions)
Finished Goods Merchandise	$	983	$	997	$	996
Raw Materials and Merchandise Components	58		55		50
Total Inventories	$	1,041	$	1,052	$	1,046

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.