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Fair Value Measurements (Tables)
9 Months Ended
Oct. 30, 2021
Fair Value Measurements [Abstract]  
Fair Value, Assets and Liabilities Measured on Recurring Basis Fair Value at Balance Sheet Location(1)Fair Value Hierarchy October 30, 2021 January 30, 2021 October 31, 2020Assets Money market funds(2) Cash and cash equivalentsLevel 1 $ 313  $ 1,575  $ 4,119  Time deposits(3) Cash and cash equivalentsLevel 2 625  865  84  Time deposits(3) Short-term investments Level 2 - - 545  Time deposits(3) Other current assets Level 2 - 65  100  Interest rate swap derivative instruments(4) Other current assets Level 2 - - 7  Interest rate swap derivative instruments(4) Other assets Level 2 58  91  95  Marketable securities that fund deferred compensation(5)Other assets Level 1 54  53  51  (1)Balance sheet location is determined by length to maturity.(2)Valued at quoted market prices in active markets.(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 5, 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 30, 2021 January 30, 2021 October 31, 2020 Fair Value Carrying Value Fair Value Carrying Value Fair Value Carrying ValueLong-term debt(1)$ 1,257 $ 1,208 $ 1,331  $ 1,241  $ 1,954 $ 1,902 (1)Excludes debt discounts, issuance costs and finance lease obligations.