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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 31, 2021
Jan. 30, 2021
[1]
Aug. 01, 2020
Current assets:      
Cash and cash equivalents $ 1,845 $ 1,680 $ 1,373
Merchandise inventories 1,081 923 1,194
Other current assets 252 232 266
Assets, current, total 3,178 2,835 2,833
Property and equipment, net 743 788 782
Operating lease right-of-use assets 2,569 2,716 2,810
Deferred taxes 108 101 70
Goodwill 158 159 158
Other intangible assets, net 16 17 19
Minority investments 728 337 150
Other assets 85 90 90
Total assets 7,585 7,043 6,912
Current liabilities:      
Accounts payable 539 402 630
Accrued and other liabilities 474 560 455
Current portion of obligations under finance leases 102 102  
Operating lease liabilities classified as current 566 580 587
Liabilities, current, total 1,681 1,644 1,672
Long-term debt and obligations under finance leases 10 8 124
Long-term lease obligations 2,363 2,499 2,579
Other liabilities 190 116 134
Total liabilities 4,244 4,267 4,509
Shareholders' equity:      
Common stock and paid-in capital: 104,515,702; 104,391,691; and 103,693,359 shares issued, respectively 799 779 774
Retained earnings 2,916 2,326 1,996
Accumulated other comprehensive loss (338) (331) (367)
Less: Treasury stock at cost: 714,490; 426; and 74,236 shares, respectively (41) (3)  
Noncontrolling interest 5 5  
Total shareholders' equity 3,341 2,776 2,403
Liabilities and equity, total $ 7,585 $ 7,043 $ 6,912
[1] The balance sheet at January 30, 2021 has been derived from the previously reported audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended January 30, 2021.