Fair Value Measurements (Tables)

3 Months Ended

May 02, 2020

Fair Value, Assets and Liabilities Measured on Recurring Basis



					Fair Value at
	Balance Sheet Location⁽¹⁾		Fair Value Hierarchy		May 2, 2020		February 1, 2020		May 4, 2019
Assets
Money market funds⁽²⁾		Cash and cash equivalents		Level 1	$	1,153	$	524	$	18
Commercial paper⁽²⁾		Cash and cash equivalents		Level 2		-		75		-
Time deposits⁽³⁾		Cash and cash equivalents		Level 2		465		185		60
Money market funds⁽²⁾		Other current assets		Level 1		6		16		93
Time deposits⁽³⁾		Other current assets		Level 2		101		101		102
Foreign currency derivative instruments⁽⁴⁾		Other current assets		Level 2		6		1		-
Interest rate swap derivative instruments⁽⁴⁾		Other current assets		Level 2		11		-		-
Marketable securities that fund deferred compensation⁽⁵⁾		Other assets		Level 1		45		48		46
Interest rate swap derivative instruments⁽⁴⁾		Other assets		Level 2		107		89		28

Liabilities
Interest rate swap derivative instruments⁽⁴⁾		Long-term liabilities		Level 2		-		-		6

(1)Balance sheet location is determined by the length to maturity from the current period-end date.

(2)Valued at quoted market prices.

(3)Valued at face value plus accrued interest, which approximates fair value.

(4)Valued using readily observable market inputs. These instruments are custom, over-the-counter contracts with various bank counterparties that are not traded on an active market.

(5)Valued using select mutual fund performance that trade with sufficient frequency and volume to obtain pricing information on an ongoing basis.

Fair Value of Financial Instruments



	May 2, 2020				February 1, 2020				May 4, 2019
	Fair Value		Carrying Value		Fair Value		Carrying Value		Fair Value		Carrying Value
Long-term debt⁽¹⁾	$	1,315	$	1,268	$	1,322	$	1,239	$	1,213	$	1,173

(1)Excludes debt discounts, issuance costs and finance lease obligations.