Long-Lived Assets

9 Months Ended

Nov. 01, 2025

Property, Plant and Equipment [Abstract]

Long-Lived Assets

Long-Lived Assets

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

	November 1, 2025		February 1, 2025		November 2, 2024
	(in millions)
Property and Equipment, at Cost	$	3,501	$	3,503	$	3,564
Accumulated Depreciation and Amortization	(2,735)		(2,729)		(2,758)
Property and Equipment, Net	$	766	$	774	$	806

Depreciation expense was $51 million and $55 million for the third quarter of 2025 and 2024, respectively, and $161 million and $167 million for year-to-date 2025 and 2024, respectively. Amortization expense for intangible assets was $6 million for both the third quarter of 2025 and 2024 and $19 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 Year-to-Date 2024 Consolidated Statement of Loss during the second quarter of 2024.