Assets and liabilities measured at fair value

12 Months Ended

Jan. 28, 2022

Assets and liabilities measured at fair value

Assets and liabilities measured at fair value

6.Assets and liabilities measured at fair value

The following table presents the Company’s assets and liabilities required to be measured at fair value as of January 28, 2022, aggregated by the level in the fair value hierarchy within which those measurements are classified.

	Quoted Prices
	in Active
	Markets		Significant
	for Identical		Other		Significant		Total Fair
	Assets and		Observable		Unobservable		Value at
	Liabilities		Inputs		Inputs		January 28,
(In thousands)	(Level 1)		(Level 2)		(Level 3)		2022
Liabilities:
Long-term obligations (a)	$	4,229,161	$	213,825	$	—	$	4,442,986
Deferred compensation (b)		44,009		—		—		44,009

(a) Included in the consolidated balance sheet at book value as Long-term obligations of $4,172,068.

(b) Reflected at fair value in the consolidated balance sheet as a component of Accrued expenses and other current liabilities of $2,435 and a component of noncurrent Other liabilities of $41,574.

The carrying amounts reflected in the consolidated balance sheets for cash, cash equivalents, short-term investments, receivables and payables approximate their respective fair values. The Company does not have any recurring fair value measurements using significant unobservable inputs (Level 3) as of January 28, 2022.