Fair Value Measurements (Tables)

6 Months Ended

Aug. 01, 2020

Fair Value, Assets and Liabilities Measured on Recurring Basis



				Fair Value at
	Balance Sheet Location⁽¹⁾	Fair Value Hierarchy		August 1, 2020		February 1, 2020		August 3, 2019
Assets
Money market funds⁽²⁾	Cash and cash equivalents		Level 1	$	1,729	$	524	$	375
Commercial paper⁽²⁾	Cash and cash equivalents		Level 2		-		75		-
Time deposits⁽³⁾	Cash and cash equivalents		Level 2		390		185		-
Commercial paper⁽²⁾	Short-term investments		Level 2		-		-		99
Time deposits⁽³⁾	Short-term investments		Level 2		-		-		221
Money market funds⁽²⁾	Other current assets		Level 1		7		16		10
Time deposits⁽³⁾	Other current assets		Level 2		101		101		102
Foreign currency derivative instruments⁽⁴⁾	Other current assets		Level 2		1		1		-
Interest rate swap derivative instruments⁽⁴⁾	Other current assets		Level 2		18		-		-
Marketable securities that fund deferred compensation⁽⁵⁾	Other assets		Level 1		49		48		47
Interest rate swap derivative instruments⁽⁴⁾	Other assets		Level 2		115		89		78

Liabilities
Cash flow hedge derivative instruments⁽⁴⁾	Accrued liabilities		Level 2		4		-		-

(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. See Note 6, Derivative Instruments, for additional information.

(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



	August 1, 2020				February 1, 2020				August 3, 2019
	Fair Value		Carrying Value		Fair Value		Carrying Value		Fair Value		Carrying Value
Long-term debt⁽¹⁾	$	1,386	$	1,283	$	1,322	$	1,239	$	1,295	$	1,228

(1)Includes the current portion of long-term debt and excludes debt discounts, issuance costs and finance lease obligations.