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Pension Plans (Tables)
 12 Months Ended
Feb. 01, 2025
Retirement Benefits [Abstract]  
Schedule of Recognition of Funded/(Underfunded) Status
Funded StatusQualified PlanNonqualified and International Plans
(millions)2024202320242023
Projected benefit obligations $3,225 $3,436 $64 $60 
Fair value of plan assets3,346 3,493 25 21 
Funded / (underfunded) status
$121 $57 $(39)$(39)
Schedule of Estimated Future Benefit Payments
Estimated Future Benefit Payments
(millions)
Pension Benefits
2025$266 
2026197 
2027237 
2028244 
2029251 
2030 - 20341,321 
Schedule of Net Pension Benefits Expense
Net Pension Benefits (Income) / Expense
(millions)Classification202420232022
Service cost benefits earned SG&A Expenses$80 $79 $94 
Interest cost on projected benefit obligation
Net Other Income
166 166 117 
Expected return on assets
Net Other Income
(279)(269)(234)
Amortization of losses
Net Other Income
— 1 61 
Prior service cost
Net Other Income
8 11 10 
Total$(25)$(12)$48 
Schedule of Benefit Obligation Weighted Average Assumptions
Benefit Obligation Weighted Average Assumptions20242023
Discount rate5.68 %5.20 %
Average assumed rate of compensation increase3.00 3.00 
Cash balance plan interest crediting rate4.64 4.64 
Schedule of Net Periodic Benefit Expense Weighted Average Assumptions
Net Periodic Benefit Expense Weighted Average Assumptions202420232022
Discount rate5.20 %4.83 %3.30 %
Expected long-term rate of return on plan assets7.00 6.50 5.60 
Average assumed rate of compensation increase3.00 3.00 3.00 
Cash balance plan interest crediting rate4.64 4.64 4.64 
Schedule of Change in Projected Benefit Obligation
Change in Projected Benefit ObligationQualified PlanNonqualified and International Plans
(millions)2024202320242023
Benefit obligation at beginning of period$3,436 $3,616 $60 $64 
Service cost72 76 8 3 
Interest cost164 164 2 2 
Plan amendments
8 11 — — 
Actuarial gain (a)
(131)(114)(2)(4)
Participant contributions10 4 — — 
Benefits paid(334)(321)(4)(5)
Benefit obligation at end of period (b)
$3,225 $3,436 $64 $60 
(a)The actuarial gain was primarily driven by changes in the weighted average discount rate.
(b)Accumulated benefit obligation—the present value of benefits earned to date assuming no future salary growth—is materially consistent with the projected benefit obligation in each period presented.
Schedule of Change in Plan Assets
Change in Plan AssetsQualified PlanNonqualified and International Plans
(millions)2024202320242023
Fair value of plan assets at beginning of period
$3,493 $3,691 $21 $17 
Actual return on plan assets177 119 1 1 
Employer contributions— — 7 8 
Participant contributions10 4 — — 
Benefits paid(334)(321)(4)(5)
Fair value of plan assets at end of period
$3,346 $3,493 $25 $21 
Schedule of Asset Category
Asset CategoryCurrent Targeted AllocationActual Allocation
 20242023
Domestic equity securities (a)
14 %14 %12 %
International equity securities8 8 8 
Debt securities50 50 52 
Balanced funds
23 24 24 
Other (b)
5 4 4 
Total100 %100 %100 %
(a)Equity securities include our common stock in amounts substantially less than 1 percent of total plan assets in both periods presented.
(b)Other assets include private equity, high-yield debt, natural resources and timberland funds, derivative instruments, and real estate.
Schedule of Fair Value Measurements
Fair Value MeasurementsFair Value as of
(millions)Measurement LevelJanuary 31, 2025January 31, 2024
Cash and cash equivalentsLevel 1$6 $5 
Derivatives
Level 2— 10 
Government securities (a)
Level 2488 551 
Fixed income (b)
Level 21,163 1,195 
1,657 1,761 
Investments valued using NAV per share (c)
Fixed income6 6 
Private equity funds55 64 
Cash and cash equivalents218 141 
Common collective trusts539 623 
Balanced funds
803 825 
Other93 94 
Total plan assets$3,371 $3,514 
(a)Investments in government securities and long-term government bonds.
(b)Investments in corporate and municipal bonds.
(c)Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the statement of financial position.