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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 29, 2023
Jan. 28, 2023
Apr. 30, 2022
Assets      
Cash and cash equivalents $ 581 $ 687 $ 484
Accounts receivable, net 279 265 297
Merchandise inventories 2,237 1,941 2,426
Prepaid expenses and other current assets 414 316 332
Total current assets 3,511 3,209 3,539
Land, property and equipment (net of accumulated depreciation of $8,133, $8,289 and $7,834) 3,197 3,351 3,505
Operating lease right-of-use assets 1,393 1,470 1,497
Goodwill 249 249 249
Other assets 478 466 384
Total assets 8,828 8,745 9,174
Liabilities and Shareholders’ Equity      
Accounts payable 1,674 1,238 1,898
Accrued salaries, wages and related benefits 246 291 241
Current portion of operating lease liabilities 249 258 250
Other current liabilities 1,236 1,203 1,198
Current portion of long-term debt 249 0 0
Total current liabilities 3,654 2,990 3,587
Long-term debt, net 2,608 2,856 2,854
Non-current operating lease liabilities 1,406 1,526 1,566
Other liabilities 609 634 578
Commitments and contingencies (Note 2)
Shareholders’ equity:      
Common stock, no par value: 1,000 shares authorized; 161.4, 160.1 and 160.5 shares issued and outstanding 3,372 3,353 3,301
Accumulated deficit (2,824) (2,588) (2,662)
Accumulated other comprehensive gain (loss) 3 (26) (50)
Total shareholders’ equity 551 739 589
Total liabilities and shareholders’ equity $ 8,828 $ 8,745 $ 9,174