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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 30, 2022
Jan. 29, 2022
[1]
Jul. 31, 2021
Current assets:      
Cash and cash equivalents $ 386 $ 804 $ 1,845
Merchandise inventories 1,644 1,266 1,081
Other current assets 285 293 252
Assets, current, total 2,315 2,363 3,178
Property and equipment, net 899 917 743
Operating lease right-of-use assets 2,526 2,616 2,569
Deferred taxes 74 86 108
Goodwill 773 797 158
Other intangible assets, net 432 454 16
Minority investments 736 781 728
Other assets 113 121 85
Total assets 7,868 8,135 7,585
Current liabilities:      
Accounts payable 596 596 539
Accrued and other liabilities 435 561 474
Current portion of obligations under finance leases 6 6 102
Operating lease liabilities classified as current 548 572 566
Liabilities, current, total 1,585 1,735 1,681
Long-term debt and obligations under finance leases 449 451 10
Long-term lease obligations 2,287 2,363 2,363
Other liabilities 330 343 190
Total liabilities 4,651 4,892 4,244
Shareholders' equity:      
Common stock and paid-in capital: 99,319,014; 104,515,702; and 99,070,796 shares issued, respectively 788 770 799
Retained earnings 3,051 2,900 2,916
Accumulated other comprehensive loss (416) (343) (338)
Less: Treasury stock at cost: 6,018,197; 714,490; and 2,050,000 shares, respectively (213) (88) (41)
Noncontrolling interest 7 4 5
Total shareholders' equity 3,217 3,243 3,341
Liabilities and equity, total $ 7,868 $ 8,135 $ 7,585
[1] The balance sheet at January 29, 2022 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 29, 2022.