Inventories

9 Months Ended

Oct. 28, 2023

Inventory Disclosure [Abstract]

Inventories

Inventories

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

	October 28, 2023		January 28, 2023		October 29, 2022
	(in millions)
Finished Goods Merchandise	$	1,159	$	997	$	1,186
Raw Materials and Merchandise Components	52		55		56
Total Inventories	$	1,211	$	1,052	$	1,242

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.