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Fair Value Measurements (Tables)
12 Months Ended
Jan. 28, 2023
Fair Value Measurements [Abstract]  
Fair Value, Assets and Liabilities Measured on Recurring Basis

Fair Value

Fair Value at

Assets

Balance Sheet Location(1)

Hierarchy

January 28, 2023

January 29, 2022

Money market funds(2)

Cash and cash equivalents

Level 1

$

280 

$

548 

Time deposits(3)

Cash and cash equivalents

Level 2

203 

278 

Money market funds(2)

Other current assets

Level 1

178 

-

Marketable securities that fund deferred compensation(4)

Other assets

Level 1

47 

54 

Interest rate swap derivative instruments(5)

Other assets

Level 2

-

50 

(1)Balance sheet location is determined by the length to maturity at date of purchase.

(2)Valued at quoted market prices in active markets at period end.

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

(4)Valued using the performance of mutual funds that trade with sufficient frequency and volume to obtain pricing information on an ongoing basis.

(5)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. Refer to Note 6, Derivative Instruments, for additional information.

Fair Value of Financial Instruments

January 28, 2023

January 29, 2022

Fair Value

Carrying Value

Fair Value

Carrying Value

Long-term debt(1)

$

1,019 

$

1,143 

$

1,205 

$

1,200 

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