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Additional Financial Statement Information
 12 Months Ended
Feb. 03, 2024
Additional Financial Statement Information [Abstract]  
Additional Financial Information Disclosure [Text Block] Additional Financial Statement Information
Cash and Cash Equivalents
Cash and cash equivalents consist of the following:
($ in millions)February 3,
2024		January 28,
2023
Cash (1)$1,872 $1,200 
Time deposits
1 15 
Cash and cash equivalents$1,873 $1,215 
__________
(1)Cash includes $76 million and $60 million of amounts in transit from banks for customer credit card and debit card transactions as of February 3, 2024 and January 28, 2023, respectively.
Other Current Assets
Other current assets consist of the following:
($ in millions)February 3,
2024		January 28,
2023
Accounts receivable
$289 $340 
Prepaid income taxes and income taxes receivable
36 150 
Prepaid minimum rent and occupancy expenses
31 106 
Right of returns asset
28 46 
Derivative financial instruments7 11 
Assets held for sale (1)
— 172 
Other136 188 
Other current assets$527 $1,013 
__________
(1)The Company reclassifies certain assets and liabilities as held for sale that are expected to be sold within the next twelve months. As of January 28, 2023, the aggregate carrying amount of assets held for sale consisted of $142 million related to agreements to transition our Gap Greater China operations to Baozun and $30 million related to an agreement for the sale of a building. See Note 17 of Notes to Consolidated Financial Statements for related disclosures of the transition of our Gap Greater China operations to Baozun.
Property and Equipment
Property and equipment are stated at cost less accumulated depreciation and consist of the following:
($ in millions)February 3,
2024		January 28,
2023
Furniture and equipment$2,805 $2,833 
Leasehold improvements2,197 2,270 
Land, buildings, and building improvements1,140 1,103 
Software1,121 1,142 
Construction-in-progress177 177 
Property and equipment, at cost7,440 7,525 
Less: Accumulated depreciation(4,874)(4,837)
Property and equipment, net of accumulated depreciation$2,566 $2,688 
Depreciation expense for property and equipment was $513 million, $531 million, and $502 million for fiscal 2023, 2022, and 2021, respectively.
Interest of $5 million, $7 million, and $7 million related to assets under construction was capitalized in fiscal 2023, 2022, and 2021, respectively.
See Note 8 of Notes to Consolidated Financial Statements for information regarding impairment charges.
Other Long-Term Assets
Other long-term assets consist of the following:
($ in millions)February 3,
2024		January 28,
2023
Long-term income tax-related assets$561 $480 
Goodwill207 207 
Trade names54 54 
Intangible assets subject to amortization, net of accumulated amortization18 27 
Other128 140 
Other long-term assets$968 $908 
See Note 6 of Notes to Consolidated Financial Statements for additional disclosures on goodwill and other intangible assets.
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consist of the following:
($ in millions)February 3,
2024		January 28,
2023
Accrued compensation and benefits394 243 
Deferred revenue
337 354 
Sales return allowances
62 84 
Accrued advertising40 44 
Accrued interest21 22 
Derivative financial instruments8 20 
Liabilities held for sale (1)
— 126 
Other246 326 
Accrued expenses and other current liabilities$1,108 $1,219 
__________
(1)The Company reclassifies certain assets and liabilities as held for sale that are expected to be sold within the next twelve months. See Note 17 of Notes to Consolidated Financial Statements for related disclosures.
Other Long-Term Liabilities
Other long-term liabilities consist of the following:
($ in millions)February 3,
2024		January 28,
2023
Long-term income tax-related liabilities$319 $327 
Long-term asset retirement obligations (1)28 38 
Long-term deferred rent and tenant allowances
23 27 
Other142 152 
Other long-term liabilities$512 $544 
__________
(1)The net activity related to asset retirement obligations includes adjustments to the asset retirement obligation balance and fluctuations in foreign currency exchange rates.