Inventories

3 Months Ended

May 04, 2024

Inventory Disclosure [Abstract]

Inventories

Inventories

The following table provides details of Inventories as of May 4, 2024, February 3, 2024 and April 29, 2023:

	May 4, 2024		February 3, 2024		April 29, 2023
	(in millions)
Finished Goods Merchandise	$	937	$	929	$	983
Raw Materials and Merchandise Components	50		56		58
Total Inventories	$	987	$	985	$	1,041

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.