Inventories

3 Months Ended

May 03, 2025

Inventory Disclosure [Abstract]

Inventories

Inventories

The following table provides details of Inventories as of May 3, 2025, February 1, 2025 and May 4, 2024:

	May 3, 2025		February 1, 2025		May 4, 2024
	(in millions)
Finished Goods Merchandise	$	988	$	901	$	937
Raw Materials and Merchandise Components	55		54		50
Total Inventories	$	1,043	$	955	$	987

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.