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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 30, 2022
Jan. 29, 2022
May 01, 2021
Assets      
Cash and cash equivalents $ 484 $ 322 $ 377
Accounts receivable, net 297 255 238
Merchandise inventories 2,426 2,289 1,961
Prepaid expenses and other 332 306 923
Total current assets 3,539 3,172 3,499
Land, property and equipment (net of accumulated depreciation of $7,834, $7,737 and $7,322) 3,505 3,562 3,642
Operating lease right-of-use assets 1,497 1,496 1,560
Goodwill 249 249 249
Other assets 384 390 383
Total assets 9,174 8,869 9,333
Liabilities and Shareholders’ Equity      
Borrowings under revolving line of credit 0 0 200
Accounts payable 1,898 1,529 1,676
Accrued salaries, wages and related benefits 241 383 330
Current portion of operating lease liabilities 250 242 246
Other current liabilities 1,198 1,160 1,056
Current portion of long-term debt 0 0 500
Total current liabilities 3,587 3,314 4,008
Long-term debt, net 2,854 2,853 2,847
Non-current operating lease liabilities 1,566 1,556 1,662
Other liabilities 578 565 650
Commitments and contingencies (Note 7)
Shareholders’ equity:      
Common stock, no par value: 1,000 shares authorized; 160.5, 159.4 and 158.9 shares issued and outstanding 3,301 3,283 3,221
Accumulated deficit (2,662) (2,652) (2,996)
Accumulated other comprehensive loss (50) (50) (59)
Total shareholders’ equity 589 581 166
Total liabilities and shareholders’ equity $ 9,174 $ 8,869 $ 9,333