Note 6 - Cash, Cash Equivalents, and Restricted Cash

6 Months Ended

Aug. 03, 2024

Notes to Financial Statements

Cash and Cash Equivalents Disclosure [Text Block]

6. Cash, Cash Equivalents, and Restricted Cash

The table below provides a reconciliation of cash and cash equivalents, as reported on our Condensed Consolidated Balance Sheets, to cash, cash equivalents, and restricted cash, as reported on our Condensed Consolidated Statements of Cash Flows.

	August 3,		July 29,
($ in millions)	2024		2023
Cash and cash equivalents	$	291	$	180
Restricted cash included in other current assets		3		13
Restricted cash included in other non-current assets		28		32
Cash, cash equivalents, and restricted cash	$	322	$	225

Amounts included in restricted cash primarily relate to amounts held in escrow in connection with various leasing arrangements in Europe. The deposits held in insurance trusts to satisfy the requirement to collateralize part of the self-insured workers’ compensation and liability claims have been replaced by standby letters of credit during the second quarter of 2024.