Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019
Current assets
Cash and cash equivalents	$ 5,136	$ 2,229	$ 1,205
Short-term investments	545
Receivables, net	1,028	1,149	1,056
Merchandise inventories	7,459	5,174	7,569
Other current assets	383	305	345
Total current assets	14,551	8,857	10,175
Property and equipment, net	2,265	2,328	2,359
Operating lease assets	2,692	2,709	2,751
Goodwill	986	984	982
Other assets	708	713	659
Total assets	21,202	15,591	16,926
Current liabilities
Accounts payable	9,110	5,288	7,232
Unredeemed gift card liabilities	278	281	271
Deferred revenue	788	501	445
Accrued compensation and related expenses	446	410	351
Accrued liabilities	968	906	769
Current portion of operating lease liabilities	685	660	644
Current portion of long-term debt	670	14	14
Total current liabilities	12,945	8,060	9,726
Long-term liabilities	798	657	636
Long-term operating lease liabilities	2,117	2,138	2,200
Long-term debt	1,256	1,257	1,239
Contingencies (Note 11)
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 260 million shares, respectively	26	26	26
Additional paid-in capital	133
Retained earnings	3,659	3,158	2,809
Accumulated other comprehensive income	268	295	290
Total equity	4,086	3,479	3,125
Total liabilities and equity	$ 21,202	$ 15,591	$ 16,926

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).