Inventories

6 Months Ended

Aug. 03, 2024

Inventory Disclosure [Abstract]

Inventories

Inventories

The following table provides details of Inventories as of August 3, 2024, February 3, 2024 and July 29, 2023:

	August 3, 2024		February 3, 2024		July 29, 2023
	(in millions)
Finished Goods Merchandise	$	954	$	929	$	977
Raw Materials and Merchandise Components	65		56		63
Total Inventories	$	1,019	$	985	$	1,040

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.