Long-Lived Assets

6 Months Ended

Aug. 02, 2025

Property, Plant and Equipment [Abstract]

Long-Lived Assets

Long-Lived Assets

The following table provides details of Property and Equipment, Net as of August 2, 2025, February 1, 2025 and August 3, 2024:

	August 2, 2025		February 1, 2025		August 3, 2024
	(in millions)
Property and Equipment, at Cost	$	3,482	$	3,503	$	3,576
Accumulated Depreciation and Amortization	(2,705)		(2,729)		(2,766)
Property and Equipment, Net	$	777	$	774	$	810

Depreciation expense was $55 million and $53 million for the second quarter of 2025 and 2024, respectively, and $110 million and $112 million for year-to-date 2025 and 2024, respectively. Amortization expense for intangible assets was $6 million for both the second quarter of 2025 and 2024 and $13 million for both year-to-date 2025 and 2024.

In the second quarter of 2024, the Company completed the sale of certain non-store corporate-related assets with an aggregate carrying value of $10 million. The net cash proceeds from the sale of these assets were $16 million and resulted in a gain of $6 million in Cost of Goods Sold, Buying and Occupancy in the 2024 Consolidated Statements of Income during the second quarter of 2024.