Fair Value Measurements (Tables)

3 Months Ended

Apr. 29, 2023

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 debt as of April 29, 2023, January 28, 2023 and April 30, 2022:

	April 29, 2023		January 28, 2023		April 30, 2022
	(in millions)
Principal Value	$	4,831	$	4,915	$	4,915
Fair Value, Estimated (a)	4,589		4,707		4,866

  _______________

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