Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Aug. 01, 2020	Feb. 01, 2020	Aug. 03, 2019
Current assets
Cash and cash equivalents	$ 5,305	$ 2,229	$ 1,289
Short-term investments			320
Receivables, net	906	1,149	966
Merchandise inventories	4,136	5,174	5,208
Other current assets	336	305	409
Total current assets	10,683	8,857	8,192
Property and equipment, net	2,277	2,328	2,361
Operating lease assets	2,770	2,709	2,774
Goodwill	986	984	965
Other assets	696	713	686
Total assets	17,412	15,591	14,978
Current liabilities
Accounts payable	6,613	5,288	5,045
Unredeemed gift card liabilities	267	281	264
Deferred revenue	699	501	468
Accrued compensation and related expenses	253	410	343
Accrued liabilities	893	906	799
Current portion of operating lease liabilities	674	660	643
Current portion of long-term debt	681	14	14
Total current liabilities	10,080	8,060	7,576
Long-term liabilities	716	657	640
Long-term operating lease liabilities	2,206	2,138	2,230
Long-term debt	632	1,257	1,247
Contingencies (Note 10)
Equity
Preferred stock, $1.00 par value: Authorized - 400,000 shares; Issued and outstanding - none
Common stock, $0.10 par value: Authorized - 1.0 billion shares; Issued and outstanding - 258 million, 256 million and 265 million shares, respectively	26	26	26
Additional paid-in capital	83
Retained earnings	3,413	3,158	2,965
Accumulated other comprehensive income	256	295	294
Total equity	3,778	3,479	3,285
Total liabilities and equity	$ 17,412	$ 15,591	$ 14,978

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).