Discontinued Operations (Tables)

12 Months Ended

Feb. 03, 2024

Discontinued Operations and Disposal Groups [Abstract]

Summary of Consideration and Costs Recognized Pursuant to Transition Service Agreements

The following table summarizes the consideration received and costs recognized pursuant to the Transition Service Agreements recorded in the Consolidated Statements of Income:

	2023		2022		2021
	(in millions)
Consideration Received	$	43	$	74	$	42
Costs Recognized	29		72		55

Summary of Consideration Recognized Pursuant to Domestic Transportation Service Agreements

The following table summarizes the consideration received pursuant to the Domestic Transportation Services Agreement recorded in the Consolidated Statements of Income:

	2023		2022		2021
	(in millions)
Consideration Received	$	78	$	91	$	46

Summary of Discontinued Operations in Financial Statements

The following table summarizes the significant line items included in Income from Discontinued Operations, Net of Tax in the 2022 and 2021 Consolidated Statements of Income:

	2022		2021
	(in millions)
Net Sales	$	—	$	3,194
Costs of Goods Sold, Buying and Occupancy	—		(1,841)
General, Administrative and Store Operating Expenses (a)	—		(975)
Interest Expense	—		(2)
Other Loss	—		(3)
Income from Discontinued Operations Before Income Taxes	—		373
Provision (Benefit) for Income Taxes (b)	(6)		115
Income from Discontinued Operations, Net of Tax	$	6	$	258

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(a)Fiscal 2021 includes Separation-related fees of $104 million. Prior to the Separation, these fees were reported in the Other category under the Company’s previous segment reporting.

(b)Fiscal 2022 includes an adjustment to the previously recorded tax expense related to the Separation.

The following table summarizes significant non-cash operating items and Capital Expenditures of discontinued operations included in the 2021 Consolidated Statement of Cash Flows:

	2021
	(in millions)
Significant Non-cash Operating Items:
Depreciation of Long-lived Assets	$	158
Share-based Compensation Expense	15
Deferred Income Taxes	3
Capital Expenditures	(66)