Annual report [Section 13 and 15(d), not S-K Item 405]

Fair Value Measurements and Concentrations of Credit Risk (Tables)

v3.25.1
Fair Value Measurements and Concentrations of Credit Risk (Tables)
12 Months Ended
Feb. 01, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]  
Schedule of Fair Value of Plan Assets Measured on a Recurring Basis
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
The following table shows the estimated fair value of the Company's marketable equity and debt securities:
Fair Value Measurements
Total (Level 1) (Level 2) (Level 3)
(millions)
February 1, 2025 $ 43  $ 43  $ —  $ — 
February 3, 2024 42  42  —  — 
Schedule 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, including the current portion of long-term debt:
Notional Amount Carrying Amount Fair Value
(millions)
February 1, 2025 $ 2,785  $ 2,779  $ 2,467 
February 3, 2024 3,007  2,998  2,706