Fair Value Measurements (Tables)

6 Months Ended

Aug. 03, 2019

Schedule of Fair Value Measurements - Recurring Basis

Fair value measurements are reported in one of three levels reflecting the valuation techniques used to determine fair value.



Fair Value Measurements - Recurring Basis			Fair Value at
(millions)	Classification	Pricing Category	August 3, 2019		February 2, 2019		August 4, 2018
Assets
Short-term investments	Cash and Cash Equivalents	Level 1	$	796	$	769	$	353
Prepaid forward contracts	Other Current Assets	Level 1	20		19		22
Interest rate swaps	Other Noncurrent Assets	Level 2	108		10		—
Liabilities
Interest rate swaps	Other Current Liabilities	Level 2	—		3		7
Interest rate swaps	Other Noncurrent Liabilities	Level 2	—		—		2

Schedule of Significant Financial Instruments not Measured at Fair Value



Significant Financial Instruments not Measured at Fair Value ^(a) (millions)	August 3, 2019				February 2, 2019				August 4, 2018
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Carrying Amount		Fair Value
Long-term debt, including current portion ^(b)	$	10,244	$	11,635	$	10,247	$	10,808	$	10,243	$	10,682


^(a)	The carrying amounts of certain other current assets, commercial paper, accounts payable, and certain accrued and other current liabilities approximate fair value due to their short-term nature.

^(b)

The fair value of debt is generally measured using a discounted cash flow analysis based on current market interest rates for the same or similar types of financial instruments and would be classified as Level 2. These amounts exclude commercial paper, unamortized swap valuation adjustments, and lease liabilities.