Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.23.1
Fair Value Measurements (Tables)
3 Months Ended
Apr. 29, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]  
Summary of Fair Value of Plan 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
April 29, 2023 April 30, 2022
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 $ 36  $ 36  $ —  $ —  $ 35  $ 35  $ —  $ — 
Summary of Estimated Fair Values of Company's Long Term Debt
The following table shows the estimated fair value of the Company's long-term debt:
April 29, 2023 April 30, 2022
Notional
Amount
Carrying
Amount
Fair
Value
Notional
Amount
Carrying
Amount
Fair
Value
(millions)
Long-term debt $ 3,007  $ 2,996  $ 2,468  $ 3,007  $ 2,994  $ 2,675