Fair Value Measurements (Tables)

3 Months Ended

Apr. 30, 2022

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 April 30, 2022, January 29, 2022 and May 1, 2021:

	April 30, 2022		January 29, 2022		May 1, 2021
	(in millions)
Principal Value	$	4,915	$	4,915	$	5,414
Fair Value, Estimated (a)	4,866		5,493		6,389

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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.