Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.20.2
Fair Value Measurements (Tables)
6 Months Ended
Aug. 01, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]  
Fair Value of Assets Measured on a Recurring Basis
The following table shows the Company's financial assets that are required to be measured at fair value on a recurring basis, by level within the hierarchy as defined by applicable accounting standards:

Level 1: Quoted prices in active markets for identical assets
Level 2: Significant observable inputs for the assets
Level 3: Significant unobservable inputs for the assets

  August 1, 2020 August 3, 2019
  Fair Value Measurements Fair Value Measurements
  Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3
  (millions)
Marketable equity and debt securities
$ 143  $ 32  $ 111  $   $ 112  $ 31  $ 81  $  
Estimated Fair Values of Company's Long Term Debt
The following table shows the estimated fair value of the Company's long-term debt:
 
  August 1, 2020 August 3, 2019
  Notional
Amount
Carrying
Amount
Fair
Value
Notional
Amount
Carrying
Amount
Fair
Value
  (millions)
Long-term debt $ 4,903  $ 4,851  $ 4,050  $ 4,667  $ 4,680  $ 4,742