Inventories

6 Months Ended

Jul. 29, 2023

Inventory Disclosure [Abstract]

Inventories

Inventories

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

	July 29, 2023		January 28, 2023		July 30, 2022
	(in millions)
Finished Goods Merchandise	$	977	$	997	$	1,020
Raw Materials and Merchandise Components	63		55		66
Total Inventories	$	1,040	$	1,052	$	1,086

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.