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Fair Value Measurements (Tables)
12 Months Ended
Feb. 01, 2020
Fair Value Measurements [Abstract]  
Fair Value, Assets and Liabilities Measured on Recurring Basis

Fair Value at

Balance Sheet Location(1)

Fair Value Hierarchy

February 1, 2020

February 2, 2019

Assets

Money market funds(2)

Cash and cash equivalents

Level 1

$

524 

$

98 

Commercial paper(2)

Cash and cash equivalents

Level 2

75 

-

Time deposits(3)

Cash and cash equivalents

Level 2

185 

300 

Money market funds(2)

Other current assets

Level 1

16 

82 

Time deposits(3)

Other current assets

Level 2

101 

101 

Foreign currency derivative instruments(4)

Other current assets

Level 2

1 

-

Marketable securities that fund deferred compensation(5)

Other assets

Level 1

48 

44 

Interest rate swap derivative instruments(4)

Other assets

Level 2

89 

26 

Liabilities

Interest rate swap derivative instruments(4)

Long-term liabilities

Level 2

-

1 

(1)Balance sheet location is determined by the length to maturity from the current period-end date.

(2)Valued at quoted market prices.

(3)Valued at face value plus accrued interest, which approximates fair value.

(4)Valued using readily observable market inputs. These instruments are custom, over-the-counter contracts with various bank counterparties that are not traded on an active market.

(5)Valued using select mutual fund performance that trade with sufficient frequency and volume to obtain pricing information on an ongoing basis.

Fair Value of Financial Instruments

February 1, 2020

February 2, 2019

Fair Value

Carrying Value

Fair Value

Carrying Value

Long-term debt(1)

$

1,322 

$

1,239 

$

1,178 

$

1,175 

(1)Excludes debt discounts and issuance costs. Also excludes finance lease obligations as of February 1, 2020, and financing and capital lease obligations as of February 2, 2019.