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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 30, 2021
Jan. 30, 2021
Oct. 31, 2020
Assets      
Cash and cash equivalents $ 267 $ 681 $ 889
Accounts receivable, net 273 245 256
Merchandise inventories 2,863 1,863 1,860
Prepaid expenses and other 374 853 902
Total current assets 3,777 3,642 3,907
Land, property and equipment (net of accumulated depreciation of $7,617, $7,159 and $6,987) 3,558 3,732 3,770
Operating lease right-of-use assets 1,527 1,581 1,611
Goodwill 249 249 249
Other assets 423 334 274
Total assets 9,534 9,538 9,811
Liabilities and Shareholders’ Equity      
Borrowings under revolving line of credit 200 0 200
Accounts payable 2,310 1,960 2,053
Accrued salaries, wages and related benefits 276 352 254
Current portion of operating lease liabilities 240 260 269
Other current liabilities 1,063 1,048 1,119
Current portion of long-term debt 0 500 499
Total current liabilities 4,089 4,120 4,394
Long-term debt, net 2,851 2,769 2,767
Non-current operating lease liabilities 1,602 1,687 1,726
Other liabilities 633 657 672
Commitments and contingencies (Note 5)
Shareholders’ equity:      
Common stock, no par value: 1,000 shares authorized; 159.3, 157.8 and 157.7 shares issued and outstanding 3,269 3,205 3,190
Accumulated deficit (2,852) (2,830) (2,863)
Accumulated other comprehensive loss (58) (70) (75)
Total shareholders’ equity 359 305 252
Total liabilities and shareholders’ equity $ 9,534 $ 9,538 $ 9,811