Fair Value Measurements (Tables)

12 Months Ended

Jan. 28, 2023

Financial Assets And Liabilities Measured At Fair Value On Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis and cash equivalents held at amortized cost are as follows:


			Fair Value Measurements at Reporting Date Using
($ in millions)	January 28, 2023		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	15	$	—	$	15	$	—

Derivative financial instruments	11		—		11		—
Deferred compensation plan assets	34		34		—		—
Other assets	4		—		—		4
Total	$	64	$	34	$	26	$	4
Liabilities:
Derivative financial instruments	$	20	$	—	$	20	$	—


			Fair Value Measurements at Reporting Date Using
($ in millions)	January 29, 2022		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	27	$	—	$	27	$	—

Derivative financial instruments	16		—		16		—
Deferred compensation plan assets	40		40		—		—
Other assets	4		—		—		4
Total	$	87	$	40	$	43	$	4
Liabilities:
Derivative financial instruments	$	2	$	—	$	2	$	—

Long Lived Assets Impairment [Table Text Block]

We recorded the following long-lived asset impairment charges in operating expenses on the Consolidated Statements of Operations:


	Fiscal Year
($ in millions)	2022		2021		2020



Operating lease assets (1)	$	33	$	8	$	391



Store assets (2)	18		1		135
Other indefinite-lived intangible assets (3)	—		—		31

Total impairment charges of long-lived and indefinite-lived assets	$	51	$	9	$	557

__________

(1)The impairment charge reduced the then carrying amount of the applicable operating lease assets of $248 million, $24 million, and $1,635 million to their fair value of $215 million, $16 million, and $1,244 million during fiscal 2022, 2021, and 2020, respectively.

(2)The impairment charge reduced the then carrying amount of the applicable store assets of $21 million, $1 million, and $143 million to their fair value of $3 million, zero, and $8 million during fiscal 2022, 2021, and 2020, respectively.

(3)The impairment charge reduced the then carrying amount of the Intermix trade name of $38 million to its fair value of $7 million during fiscal 2020.