
($ in millions)	January 30, 2021		February 1, 2020
Cash (1)	$	1,613	$	1,053
Bank certificates of deposit and time deposits	285		286
U.S. agency securities	65		—
U.S. treasury securities	25		—
Money market funds	—		19
Domestic commercial paper and other	—		6


Cash and cash equivalents	$	1,988	$	1,364

(1)Cash includes $71 million and $61 million of amounts in transit from banks for customer credit card and debit card transactions as of January 30, 2021 and February 1, 2020, respectively.


($ in millions)	January 30, 2021		February 1, 2020
U.S. treasury securities	$	342	$	117
U.S. agency securities	68		25
Corporate securities	—		148
Short-term investments	$	410	$	290


($ in millions)	January 30, 2021		February 1, 2020
Prepaid income taxes and income taxes receivable	$	409	$	77
Accounts receivable	363		316
Prepaid minimum rent and occupancy expenses	104		148
Assets held for sale (1)	102		—
Right of return asset	43		36
Derivative financial instruments	5		10
Other	133		119
Other current assets	$	1,159	$	706

(1)As part of a strategic review of its brands and businesses, the Company has reclassified certain assets and liabilities as held for sale that are expected to be sold within the next twelve months. The aggregate carrying amount of assets held for sale was as follows: inventory of $23 million, operating lease assets of $36 million, intangible assets of $29 million, and other assets of $14 million.

Property and equipment are stated at cost less accumulated depreciation and consist of the following:


($ in millions)	January 30, 2021		February 1, 2020
Leasehold improvements	$	2,627	$	2,923
Furniture and equipment	2,739		2,802
Software	1,466		1,626
Land, buildings, and building improvements	1,452		1,408
Construction-in-progress	165		202
Property and equipment, at cost	8,449		8,961
Less: Accumulated depreciation	(5,608)		(5,839)
Property and equipment, net of accumulated depreciation	$	2,841	$	3,122

Depreciation expense for property and equipment was $505 million, $554 million, and $575 million for fiscal 2020, 2019, and 2018, respectively.

Interest of $9 million, $7 million, and $10 million related to assets under construction was capitalized in fiscal 2020, 2019, and 2018, respectively.

We recorded a total charge for the impairment of store assets of $135 million, $98 million, and $14 million for fiscal 2020, 2019, and 2018, respectively, which is recorded within operating expenses on the Consolidated Statements of Operations.

See Note 6 of Notes to Consolidated Financial Statements for information regarding impairment charges.


($ in millions)	January 30, 2021		February 1, 2020
Long-term income tax-related assets	$	391	$	256
Goodwill	109		109
Trade names	61		121
Other	142		153
Other long-term assets	$	703	$	639

In fiscal 2020, we recorded a charge for trade name impairment related to Intermix of $31 million which was recorded within operating expenses on the Consolidated Statement of Operations. No trade name impairment charges were recorded in fiscal 2019 or 2018. No other intangible impairment charges were recorded for fiscal 2020, 2019, or 2018. See Note 4 of Notes to Consolidated Financial Statements for additional disclosures on goodwill and other intangible assets.


($ in millions)	January 30, 2021		February 1, 2020
Accrued compensation and benefits	$	378	$	291

Deferred revenue	231		226
Sales return allowance	96		74
Liabilities held for sale (1)	58		—
Accrued advertising	49		57
Accrued Interest	44		23
Derivative financial instruments	21		10

Other	399		386
Accrued expenses and other current liabilities	$	1,276	$	1,067

(1)As part of a strategic review of its brands and businesses, the Company has reclassified certain assets and liabilities as held for sale that are expected to be sold within the next twelve months. The aggregate carrying amount of liabilities held for sale was as follows: operating lease liabilities of $46 million, and other liabilities of $12 million.


($ in millions)	January 30, 2021		February 1, 2020
Long-term income tax-related liabilities	187		$	152
Long-term asset retirement obligations (1)	51		56
Long-term deferred rent and tenant allowances	47		50
Other (2)	153		139
Other long-term liabilities	$	438	$	397

(1)The net activity related to asset retirement obligations includes adjustments to the asset retirement obligation balance and fluctuations in foreign currency exchange rates.