Fair Value Measurements (Tables)

3 Months Ended

May 02, 2020

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 May 2, 2020, February 1, 2020 and May 4, 2019:

	May 2, 2020		February 1, 2020		May 4, 2019
	(in millions)
Principal Value	$	5,458	$	5,458	$	5,722
Fair Value, Estimated (a)	4,151		5,555		5,486

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(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.