Inventories

9 Months Ended

Nov. 02, 2024

Inventory Disclosure [Abstract]

Inventories

Inventories

The following table provides details of Inventories as of November 2, 2024, February 3, 2024 and October 28, 2023:

	November 2, 2024		February 3, 2024		October 28, 2023
	(in millions)
Finished Goods Merchandise	$	1,242	$	929	$	1,159
Raw Materials and Merchandise Components	48		56		52
Total Inventories	$	1,290	$	985	$	1,211

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.