Fair Value Measurements (Tables)

3 Months Ended

May 03, 2025

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]

Carrying Value and Fair Value of Long-Term Debt, Disclosure

The following table provides a summary of the principal value and estimated fair value of the Company’s outstanding Long-term debt as of May 3, 2025, February 1, 2025 and May 4, 2024:

	May 3, 2025		February 1, 2025		May 4, 2024
	(in millions)
Principal Value	$	3,916	$	3,916	$	4,321
Fair Value, Estimated (a)	3,957		3,986		4,351

  _______________

(a)The estimated fair value of the Company’s Long-term debt is based on reported transaction prices, which are considered Level 2 inputs in accordance with Accounting Standards Codification 820, Fair Value Measurement. The estimates presented are not necessarily indicative of the amounts that the Company could realize in a current market exchange.