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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 29, 2022
Jan. 29, 2022
Oct. 30, 2021
Assets      
Cash and cash equivalents $ 293 $ 322 $ 267
Accounts receivable, net 288 255 273
Merchandise inventories 2,878 2,289 2,863
Prepaid expenses and other 348 306 374
Total current assets 3,807 3,172 3,777
Land, property and equipment (net of accumulated depreciation of $8,135, $7,737 and $7,617) 3,373 3,562 3,558
Operating lease right-of-use assets 1,490 1,496 1,527
Goodwill 249 249 249
Other assets 476 390 423
Total assets 9,395 8,869 9,534
Liabilities and Shareholders’ Equity      
Borrowings under revolving line of credit 100 0 200
Accounts payable 2,073 1,529 2,310
Accrued salaries, wages and related benefits 242 383 276
Current portion of operating lease liabilities 256 242 240
Other current liabilities 1,168 1,160 1,063
Total current liabilities 3,839 3,314 4,089
Long-term debt, net 2,855 2,853 2,851
Non-current operating lease liabilities 1,544 1,556 1,602
Other liabilities 551 565 633
Commitments and Contingencies
Shareholders’ equity:      
Common stock, no par value: 1,000 shares authorized; 159.7, 159.4 and 159.3 shares issued and outstanding 3,334 3,283 3,269
Accumulated deficit (2,669) (2,652) (2,852)
Accumulated other comprehensive loss (59) (50) (58)
Total shareholders’ equity 606 581 359
Total liabilities and shareholders’ equity $ 9,395 $ 8,869 $ 9,534