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Fair Value Measurements (Tables)
6 Months Ended
Jul. 29, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]  
Summary of 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 29, 2023July 30, 2022
Fair Value MeasurementsFair Value Measurements
TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
(millions)
Marketable equity and debt securities$39 $39 $— $— $34 $34 $— $— 
Summary of 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 29, 2023July 30, 2022
Notional
Amount
Carrying
Amount
Fair
Value
Notional
Amount
Carrying
Amount
Fair
Value
(millions)
Long-term debt$3,007 $2,997 $2,482 $3,007 $2,995 $2,506