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Fair Value Measurements (Tables)
 12 Months Ended
Jan. 31, 2020
Fair Value Disclosures [Abstract]  
Fair value measurements - recurring basis The following table presents the Company’s financial assets measured at fair value on a recurring basis. The fair values of these instruments approximate amortized cost.
 
 
 
Fair Value Measurements at
(In millions)
Measurement Level
 
January 31, 2020

 
February 1, 2019

Available-for-sale debt securities:
 
 
 
 
 
Money market funds
Level 1
 
$
105

 
$
207

Corporate debt securities
Level 2
 
23

 
1

Agency securities
Level 2
 
19

 
10

U.S. Treasury securities
Level 1
 
13

 
—

Total short-term investments
 
 
$
160

 
$
218

Available-for-sale debt securities:
 
 
 
 
 
U.S. Treasury securities
Level 1
 
$
280

 
$
—

Corporate debt securities
Level 2
 
62

 
191

Agency securities
Level 2
 
30

 
65

Total long-term investments
 
 
$
372

 
$
256
Fair value measurements - nonrecurring basis
The following table presents the Company’s assets measured at estimated fair value on a nonrecurring basis and the resulting impairment losses included in earnings, excluding costs to sell for excess properties held-for-sale. Because these assets subject to impairment were not measured at fair value on a recurring basis, certain fair value measurements presented in the table may reflect values at earlier measurement dates and may no longer represent the fair values at January 31, 2020.

Fair Value Measurements - Nonrecurring Basis
 
January 31, 2020
February 1, 2019
(In millions)
Fair Value Measurements
 
Impairment Losses
Fair Value Measurements
 
Impairment Losses
Assets-held-for-use:
 
 
 
 
 
 
Operating locations
$
46

 
$
(62
)
$
473

 
$
(331
)
Assets-held-for-sale:
 
 
 
 
 
 
Mexico operating locations
—

 
—

79

 
(222
)
Goodwill (Note 1)
—

 
—

2,851

 
(952
)
Total
$
46

 
$
(62
)
$
3,403

 
$
(1,505
)
Fair value of financial instruments
Carrying amounts and the related estimated fair value of the Company’s long-term debt, excluding finance and capitalized lease obligations, are as follows:
 
January 31, 2020
 
February 1, 2019
(In millions)
Carrying Amount
 
Fair Value
 
Carrying Amount
 
Fair Value
Unsecured notes (Level 1)
$
16,648

 
$
18,808

 
$
14,721

 
$
14,473

Mortgage notes (Level 2)
5

 
6

 
6

 
6

Long-term debt (excluding finance and capitalized lease obligations)
$
16,653

 
$
18,814

 
$
14,727

 
$
14,479