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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 31, 2020
Feb. 01, 2020
Nov. 02, 2019
Assets      
Cash and cash equivalents $ 889 $ 853 $ 487
Accounts receivable, net 256 179 234
Merchandise inventories 1,860 1,920 2,542
Prepaid expenses and other 902 278 310
Total current assets 3,907 3,230 3,573
Land, property and equipment (net of accumulated depreciation of $6,987, $6,995 and $6,884) 3,770 4,179 4,146
Operating lease right-of-use assets 1,611 1,774 1,784
Goodwill 249 249 249
Other assets 274 305 323
Total assets 9,811 9,737 10,075
Liabilities and Shareholders’ Equity      
Borrowings under revolving line of credit 200 0 0
Accounts payable 2,053 1,576 2,148
Accrued salaries, wages and related benefits 254 510 470
Current portion of operating lease liabilities 269 244 238
Other current liabilities 1,119 1,190 1,125
Current portion of long-term debt 499 0 0
Total current liabilities 4,394 3,520 3,981
Long-term debt, net 2,767 2,676 2,679
Non-current operating lease liabilities 1,726 1,875 1,895
Other liabilities 672 687 669
Commitments and contingencies (Note 5)
Shareholders’ equity:      
Common stock, no par value: 1,000 shares authorized; 157.7, 155.6 and 155.2 shares issued and outstanding 3,190 3,129 3,106
Accumulated deficit (2,863) (2,082) (2,217)
Accumulated other comprehensive loss (75) (68) (38)
Total shareholders’ equity 252 979 851
Total liabilities and shareholders’ equity 9,811 9,737 10,075
Accumulated depreciation $ 6,987 $ 6,995 $ 6,884