Quarterly report [Sections 13 or 15(d)]

Fair Value Measurements (Tables)

v3.25.2
Fair Value Measurements (Tables)
6 Months Ended
Aug. 02, 2025
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 Company's financial assets 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)
August 2, 2025 $ 38  $ 38  $ —  $ — 
February 1, 2025 43  43  —  — 
August 3, 2024 38  38  —  — 
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, including the current portion of long-term debt:
Notional Amount Carrying Amount Fair Value
(millions)
August 2, 2025 $ 2,635  $ 2,626  $ 2,336 
February 1, 2025 2,785  2,779  2,467 
August 3, 2024 3,007  2,999  2,709