Summary of Significant Accounting Policies (Tables)

12 Months Ended

Feb. 03, 2023

Accounting Policies [Abstract]

Changes in the Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for 2022, 2021, and 2020 were as follows:

	Years Ended
(In millions)	February 3, 2023		January 28, 2022		January 29, 2021
Goodwill, balance at beginning of year	$	311	$	311	$	303
Acquisitions	—		—		8
Goodwill, balance at end of year	$	311	$	311	$	311

Gross Carrying Amounts and Cumulative Goodwill Impairment Losses

Gross carrying amounts and cumulative goodwill impairment losses are as follows:

	February 3, 2023				January 28, 2022
(In millions)	Gross Carrying Amount		Cumulative Impairment		Gross Carrying Amount		Cumulative Impairment
Goodwill1	$	311	$	—	$	1,310	$	(999)

1 The reduction in the gross carrying amount and cumulative impairment of goodwill is as a result of the sale of the Canadian retail business in fiscal 2022.

The carrying amount of goodwill as well as the gross carrying amount and accumulated amortization of intangible assets consist of the following:

	February 3, 2023				January 28, 2022
(In millions)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Goodwill	$	311	$	—	$	311	$	—
Definite-lived intangible assets:
Customer-related 1	$	238	$	(71)	$	344	$	(88)
Trademarks and trade names 1	20		(18)		263		(131)
Other	1		(1)		1		(1)
Total definite-lived intangible assets	$	259	$	(90)	$	608	$	(220)
Indefinite-lived intangible assets:
Trademark	$	134	$	—	$	134	$	—
Total intangible assets	$	393	$	(90)	$	742	$	(220)

1 Certain definite-lived intangible assets as of January 28, 2022, are denominated in a foreign currency and subject to translation.

Rollforward of Outstanding Financed Payment Obligations

The rollforward of the Company’s outstanding payment obligations that suppliers financed to participating financial institutions, which are included in accounts payable on the consolidated balance sheets, are as follows:

	Years Ended
(In millions)	February 3, 2023		January 28, 2022		January 29, 2021
Financed payment obligations outstanding at the beginning of the year	$	2,274	$	1,710	$	1,329
Payment obligations financed during the year	12,159		11,538		10,121
Financed payment obligations paid during the year	(12,176)		(10,974)		(9,740)
Financed payment obligations outstanding at the end of the year	$	2,257	$	2,274	$	1,710

Other Current Liabilities

Other Current Liabilities - Other current liabilities on the consolidated balance sheets consist of:

(In millions)	February 3, 2023		January 28, 2022
Accrued dividends	$	633	$	537
Self-insurance liabilities	424		440
Accrued interest	441		275
Sales return reserve	234		245
Sales tax liabilities	314		228
Accrued property taxes	119		124
Other	1,323		1,358
Total	$	3,488	$	3,207