Fair Value Measurements (Tables)

9 Months Ended

Oct. 31, 2020

Fair Value, Assets and Liabilities Measured on Recurring Basis



				Fair Value at
	Balance Sheet Location⁽¹⁾	Fair Value Hierarchy		October 31, 2020		February 1, 2020		November 2, 2019
Assets
Money market funds⁽²⁾	Cash and cash equivalents		Level 1	$	4,119	$	524	$	21
Commercial paper⁽²⁾	Cash and cash equivalents		Level 2		-		75		-
Time deposits⁽³⁾	Cash and cash equivalents		Level 2		84		185		85
Time deposits⁽³⁾	Short-term investments		Level 2		545		-		-
Money market funds⁽²⁾	Other current assets		Level 1		29		16		20
Time deposits⁽³⁾	Other current assets		Level 2		100		101		100
Foreign currency derivative instruments⁽⁴⁾	Other current assets		Level 2		2		1		-
Interest rate swap derivative instruments⁽⁴⁾	Other current assets		Level 2		7		-		-
Marketable securities that fund deferred compensation⁽⁵⁾	Other assets		Level 1		51		48		47
Interest rate swap derivative instruments⁽⁴⁾	Other assets		Level 2		95		89		70

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

(2)Valued at quoted market prices in active markets for same (Level 1) or similar (Level 2) instruments.

(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. See Note 7, Derivative Instruments, for additional information.

(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



	October 31, 2020				February 1, 2020				November 2, 2019
	Fair Value		Carrying Value		Fair Value		Carrying Value		Fair Value		Carrying Value
Long-term debt⁽¹⁾	$	1,954	$	1,902	$	1,322	$	1,239	$	1,288	$	1,220

(1)Includes the current portion of long-term debt and excludes debt discounts, issuance costs and finance lease obligations.