Inventories

12 Months Ended

Jan. 31, 2026

Inventory, Net [Abstract]

Inventories

Inventories

The following table provides details of Inventories as of January 31, 2026 and February 1, 2025:

	January 31, 2026		February 1, 2025
	(in millions)
Finished Goods Merchandise	$	1,013	$	901
Raw Materials and Merchandise Components	58		54
Total Inventories	$	1,071	$	955

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.

In the fourth quarter of 2025, the Company recorded inventory reserves of $34 million included in Costs of Goods Sold, Buying and Occupancy in the 2025 Consolidated Statement of Income related to the restructuring of its Adore Me and DailyLook fulfillment operations.