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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 31, 2021
Jan. 30, 2021
Aug. 01, 2020
Assets      
Cash and cash equivalents $ 487 $ 681 $ 991
Accounts receivable, net 317 245 146
Merchandise inventories 2,182 1,863 1,466
Prepaid expenses and other 475 853 802
Total current assets 3,461 3,642 3,405
Land, property and equipment (net of accumulated depreciation of $7,471, $7,159 and $6,843) 3,573 3,732 3,845
Operating lease right-of-use assets 1,532 1,581 1,655
Goodwill 249 249 249
Other assets 415 334 381
Total assets 9,230 9,538 9,535
Liabilities and Shareholders’ Equity      
Borrowings under revolving line of credit 0 0 500
Accounts payable 1,961 1,960 1,298
Accrued salaries, wages and related benefits 487 352 288
Current portion of operating lease liabilities 238 260 272
Other current liabilities 1,170 1,048 1,284
Current portion of long-term debt 0 500 0
Total current liabilities 3,856 4,120 3,642
Long-term debt, net 2,849 2,769 3,266
Non-current operating lease liabilities 1,619 1,687 1,782
Other liabilities 638 657 671
Commitments and contingencies (Note 5)
Shareholders’ equity:      
Common stock, no par value: 1,000 shares authorized; 158.9, 157.8 and 157.1 shares issued and outstanding 3,245 3,205 3,168
Accumulated deficit (2,916) (2,830) (2,916)
Accumulated other comprehensive loss (61) (70) (78)
Total shareholders’ equity 268 305 174
Total liabilities and shareholders’ equity $ 9,230 $ 9,538 $ 9,535