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Fair Value Measurements (Tables)
12 Months Ended
Feb. 03, 2024
Fair Value Measurements [Abstract]  
Fair Value, Assets and Liabilities Measured on Recurring Basis

Fair Value

Fair Value at

Assets

Balance Sheet Location(1)

Hierarchy

February 3, 2024

January 28, 2023

Money market funds(2)

Cash and cash equivalents

Level 1

$

330 

$

280 

Time deposits(3)

Cash and cash equivalents

Level 2

60 

203 

Money market funds(2)

Other current assets

Level 1

182 

178 

Time deposits(3)

Other current assets

Level 2

50 

-

Marketable securities that fund deferred compensation(4)

Other assets

Level 1

48 

47 

(1)Balance sheet location is determined by the length to maturity at date of purchase and whether the assets are restricted for particular use.

(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.

Fair Value of Financial Instruments

February 3, 2024

January 28, 2023

Fair Value

Carrying Value

Fair Value

Carrying Value

Long-term debt(1)

$

1,022 

$

1,139 

$

1,019 

$

1,143 

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