Additional Financial Statement Information Additional Financial Statement Information (Tables)

12 Months Ended

Jan. 30, 2021

Additional Financial Statement Information [Abstract]

Cash and Cash Equivalents [Table Text Block]

Cash and cash equivalents consist of the following:

($ 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.

Debt Securities, Available-for-sale [Table Text Block]

Short-Term Investments

Short-term investments consist of the following:

($ 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

Other Current Assets [Table Text Block]

Other current assets consist of the following:

($ 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, Plant and Equipment [Table Text Block]

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

Schedule of Other Assets, Noncurrent [Table Text Block]

Other long-term assets consist of the following:

($ 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

Schedule of Accrued Liabilities [Table Text Block]

Accrued expenses and other current liabilities consist of the following:

($ 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.

Other Long Term Liabilities [Table Text Block]

Other long-term liabilities consist of the following:

($ 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.

(2)Includes certain payroll tax deferrals resulting from the CARES Act. See Note 1 of Notes to Consolidated Financial Statements for additional information.