Long-Lived Assets

12 Months Ended

Jan. 31, 2026

Property, Plant and Equipment [Abstract]

Long-Lived Assets

Long-Lived Assets

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

	January 31, 2026		February 1, 2025
	(in millions)
Land and Improvements	$	27	$	28
Buildings and Improvements	209		219
Furniture, Fixtures, Software and Equipment	1,997		2,225
Leasehold Improvements	997		1,004
Construction in Progress	31		27
Total	3,261		3,503
Accumulated Depreciation and Amortization	(2,530)		(2,729)
Property and Equipment, Net	$	731	$	774

Depreciation expense was $212 million in 2025, $226 million in 2024 and $259 million in 2023.

In 2024, the Company completed the sale of certain non-store corporate-related assets with an aggregate carrying value of $18 million. The net cash proceeds from the sale of these assets were $25 million and resulted in a gain of $7 million in Cost of Goods Sold, Buying and Occupancy in the 2024 Consolidated Statement of Income.