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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 28, 2023
Jan. 28, 2023
Oct. 29, 2022
Assets      
Cash and cash equivalents $ 375 $ 687 $ 293
Accounts receivable, net 322 265 288
Merchandise inventories 2,626 1,941 2,878
Prepaid expenses and other current assets 392 316 348
Total current assets 3,715 3,209 3,807
Land, property and equipment (net of accumulated depreciation of $8,258, $8,289 and $8,135) 3,187 3,351 3,373
Operating lease right-of-use assets 1,402 1,470 1,490
Goodwill 249 249 249
Other assets 460 466 476
Total assets 9,013 8,745 9,395
Liabilities and Shareholders’ Equity      
Borrowings under revolving line of credit 0 0 100
Accounts payable 1,890 1,238 2,073
Accrued salaries, wages and related benefits 245 291 242
Current portion of operating lease liabilities 232 258 256
Other current liabilities 1,092 1,203 1,168
Current portion of long-term debt 250 0 0
Total current liabilities 3,709 2,990 3,839
Long-term debt, net 2,611 2,856 2,855
Noncurrent operating lease liabilities 1,403 1,526 1,544
Other liabilities 561 634 551
Commitments and contingencies
Shareholders’ equity:      
Common stock, no par value: 1,000 shares authorized; 162.3, 160.1 and 159.7 shares issued and outstanding 3,407 3,353 3,334
Accumulated deficit (2,681) (2,588) (2,669)
Accumulated other comprehensive gain (loss) 3 (26) (59)
Total shareholders’ equity 729 739 606
Total liabilities and shareholders’ equity $ 9,013 $ 8,745 $ 9,395