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Fair Value Measurements (Tables)
6 Months Ended
Jul. 30, 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:

Level 1: Quoted prices in active markets for identical assets

Level 2: Significant observable inputs for the assets

Level 3: Significant unobservable inputs for the assets

 

 

 

July 30, 2022

 

 

July 31, 2021

 

 

 

 

 

 

 

Fair Value Measurements

 

 

 

 

 

 

Fair Value Measurements

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(millions)

 

Marketable equity and debt

   securities

 

$

34

 

 

$

34

 

 

$

 

 

$

 

 

$

46

 

 

$

39

 

 

$

7

 

 

$

 

Estimated Fair Values of Company's Long Term Debt

The following table shows the estimated fair value of the Company's long-term debt:

 

 

 

July 30, 2022

 

 

July 31, 2021

 

 

 

Notional

Amount

 

 

Carrying

Amount

 

 

Fair

Value

 

 

Notional

Amount

 

 

Carrying

Amount

 

 

Fair

Value

 

 

 

(millions)

 

Long-term debt

 

$

3,007

 

 

$

2,995

 

 

$

2,506

 

 

$

3,296

 

 

$

3,295

 

 

$

3,298