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Fair Value Measurements (Tables)
12 Months Ended
Jan. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
Financial assets and liabilities accounted for at fair value were as follows ($ in millions):
Balance Sheet Location(1)
Fair Value
Hierarchy
Fair Value at
AssetsJanuary 31, 2026February 1, 2025
Money market funds(2)
Cash and cash equivalentsLevel 1$143 $439 
Time deposits(3)
Cash and cash equivalentsLevel 2252 150 
Commercial paper(2)
Cash and cash equivalentsLevel 237 
Money market funds(2)
Other current assetsLevel 1123 140 
Time deposits(3)
Other current assetsLevel 230 50 
Marketable securities that fund deferred compensation(4)
Other assetsLevel 141 39 
Liabilities
Interest rate swap derivative instruments(5)
Long-term liabilitiesLevel 214 
(1)Balance sheet location is determined by the length to maturity at date of purchase and whether the assets are restricted for particular use.
(2)Valued at quoted market prices in active markets at period end.
(3)Valued at face value plus accrued interest at period end, which approximates fair value.
(4)Valued using the performance of mutual funds that trade with sufficient frequency and volume to obtain pricing information on an ongoing basis.
(5)Valued using readily observable market inputs. These instruments are custom, over-the-counter contracts with various bank counterparties that are not traded on an active market. See Note 5, Derivative Instruments, for additional information.
Schedule of Fair Value, Liabilities Measured on Recurring Basis Long-term debt balances were as follows ($ in millions):
January 31, 2026February 1, 2025
Fair ValueCarrying ValueFair ValueCarrying Value
Long-term debt(1)
$1,089 $1,149 $1,031 $1,136 
(1)Excludes debt discounts, issuance costs and finance lease obligations.