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Fair Value Measurements and Concentrations of Credit Risk (Tables)
12 Months Ended
Jan. 29, 2022
Fair Value By Fair Value Hierarchy Level Extensible List [Abstract]  
Fair Value of Plan Assets Measured on a Recurring Basis

The following table shows the Company’s financial assets that are required to be measured at fair value on a recurring basis, by level within the hierarchy as defined by applicable accounting standards:

 

 

 

January 29, 2022

 

 

January 30, 2021

 

 

 

 

 

 

 

Fair Value Measurements

 

 

 

 

 

 

Fair Value Measurements

 

 

 

 

 

 

 

Quoted

Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quoted

Prices

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

in Active

Markets for

Identical

Assets

(Level 1)

 

 

Significant

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

 

Total

 

 

in Active

Markets for

Identical

Assets

(Level 1)

 

 

Significant

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

 

 

(millions)

 

Marketable

   equity and

   debt securities

 

$

39

 

 

$

39

 

 

$

 

 

$

 

 

$

100

 

 

$

37

 

 

$

63

 

 

$

 

 

Estimated Fair Values of Company's Long Term Debt

The following table shows the estimated fair value of the Company’s long-term debt, excluding other obligations:

 

 

 

January 29, 2022

 

 

January 30, 2021

 

 

 

Notional

Amount

 

 

Carrying

Amount

 

 

Fair

Value

 

 

Notional

Amount

 

 

Carrying

Amount

 

 

Fair

Value

 

 

 

(millions)

 

Long-term debt

 

$

3,295

 

 

$

3,295

 

 

$

3,254

 

 

$

4,454

 

 

$

4,407

 

 

$

4,320