Derivative Instruments (Tables)

6 Months Ended

Aug. 02, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amount of Derivative Instruments

Notional amounts of our derivative instruments were as follows ($ in millions):

Contract Type	August 2, 2025		February 1, 2025		August 3, 2024
Derivatives designated as net investment hedges	$	119	$	119	$	103
Derivatives designated as fair value hedges (interest rate swaps)	500		500		500
No hedge designation (foreign exchange contracts)	62		42		59
Total	$	681	$	661	$	662

Schedule of Effects of Derivative Instruments on Consolidated Statements of Earnings

Effects of our fair value hedges included in Interest expense on our Condensed Consolidated Statements of Earnings were as follows ($ in millions):

	Gain (Loss) Recognized
	Three Months Ended				Six Months Ended
	August 2, 2025		August 3, 2024		August 2, 2025		August 3, 2024
Interest rate swaps	$	9	$	24	$	15	$	9
Adjustments to carrying value of long-term debt	(9)		(24)		(15)		(9)
Total	$	-	$	-	$	-	$	-