Fair Value Measurements (Tables)

9 Months Ended

Nov. 02, 2019

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]

Carrying Value And Fair Value Of Long-Term Debt, Disclosure

The following table provides a summary of the principal value and estimated fair value of outstanding publicly traded debt as of November 2, 2019, February 2, 2019 and November 3, 2018:

	November 2, 2019		February 2, 2019		November 3, 2018
	(in millions)
Principal Value	$	5,458	$	5,722	$	5,722
Fair Value, Estimated (a)	5,156		5,340		5,301

  _______________

(a)

The estimated fair value of the Company’s publicly traded debt is based on reported transaction prices, which are considered Level 2 inputs in accordance with ASC 820, Fair Value Measurement. The estimates presented are not necessarily indicative of the amounts that the Company could realize in a current market exchange.

Fair Value, Assets And Liabilities Measured On Recurring Basis

The following table provides a summary of assets and liabilities measured in the consolidated financial statements at fair value on a recurring basis as of November 2, 2019, February 2, 2019 and November 3, 2018:

	Level 1		Level 2		Level 3		Total
	(in millions)
As of November 2, 2019
Assets:
Cash and Cash Equivalents	$	340	$	—	$	—	$	340
Marketable Equity Securities	1		—		—		1
Foreign Currency Cash Flow Hedges	—		1		—		1
Liabilities:
Foreign Currency Cash Flow Hedges	—		1		—		1
As of February 2, 2019
Assets:
Cash and Cash Equivalents	$	1,413	$	—	$	—	$	1,413
Marketable Equity Securities	11		—		—		11
Foreign Currency Cash Flow Hedges	—		2		—		2
As of November 3, 2018
Assets:
Cash and Cash Equivalents	$	348	$	—	$	—	$	348
Marketable Equity Securities	9		—		—		9
Foreign Currency Cash Flow Hedges	—		3		—		3