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Consolidated Balance Sheets - USD ($)
$ in Millions
Jan. 29, 2023
Jan. 30, 2022
Current assets:    
Cash and cash equivalents $ 177 $ 1
Receivables, net of allowance for credit losses of $9 and $5 955 884
Inventories 1,047 856
Prepaid expenses and other current assets 32 26
Total current assets 2,211 1,767
Property, plant and equipment, net 105 94
Operating lease right-of-use assets 175 152
Intangible assets, net 795 871
Goodwill 1,535 1,515
Other assets 88 35
Total assets 4,909 4,434
Current liabilities:    
Current maturities of long-term debt 15 15
Accounts payable 479 608
Accrued compensation and benefits 123 109
Current operating lease liabilities 54 49
Other current liabilities 55 58
Total current liabilities 726 839
Long-term debt 1,444 1,456
Non-current operating lease liabilities 121 103
Deferred income taxes 9 35
Payable to related parties pursuant to Tax Receivable Agreements 180 153
Other liabilities 19 17
Total liabilities 2,499 2,603
Commitments and contingencies
Additional paid-in capital 1,241 1,214
Retained earnings 458 92
Accumulated other comprehensive income 45 16
Total stockholders’ equity 1,747 1,325
Non-controlling interests 663 506
Total stockholders’ equity 2,410 1,831
Total liabilities and stockholders’ equity 4,909 4,434
Class A common stock    
Current liabilities:    
Common stock 2 2
Class B common stock    
Current liabilities:    
Common stock $ 1 $ 1