XML 38 R23.htm IDEA: XBRL DOCUMENT v3.23.1
Fair Value Measurements (Tables)
3 Months Ended
Apr. 29, 2023
Fair Value Measurements [Abstract]  
Fair Value, Assets and Liabilities Measured on Recurring Basis

Fair Value at

Balance Sheet Location(1)

Fair Value Hierarchy

April 29, 2023

January 28, 2023

April 30, 2022

Assets

Money market funds(2)

Cash and cash equivalents

Level 1

$

133 

$

280 

$

2 

Time deposits(3)

Cash and cash equivalents

Level 2

115 

203 

27 

Money market funds(2)

Other current assets

Level 1

200 

178 

-

Marketable securities that fund deferred compensation(4)

Other assets

Level 1

46 

47 

51 

(1)Balance sheet location is determined by the length to maturity at date of purchase.

(2)Valued at quoted market prices in active markets at period end.

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

(4)Valued using the performance of mutual funds that trade with sufficient frequency and volume to obtain pricing information on an ongoing basis.

Fair Value of Financial Instruments

April 29, 2023

January 28, 2023

April 30, 2022

Fair Value

Carrying Value

Fair Value

Carrying Value

Fair Value

Carrying Value

Long-term debt(1)

$

1,023 

$

1,139 

$

1,019 

$

1,143 

$

1,050 

$

1,154 

(1)Excludes debt discounts, issuance costs and finance lease obligations.