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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Oct. 29, 2022
Jan. 29, 2022
[1]
Oct. 30, 2021
Current assets:      
Cash and cash equivalents $ 351 $ 804 $ 1,339
Merchandise inventories 1,685 1,266 1,301
Other current assets 302 293 253
Assets, current, total 2,338 2,363 2,893
Property and equipment, net 897 917 860
Operating lease right-of-use assets 2,449 2,616 2,619
Deferred taxes 65 86 95
Goodwill 764 797 651
Other intangible assets, net 424 454 235
Minority investments 722 781 762
Other assets 103 121 96
Total assets 7,762 8,135 8,211
Current liabilities:      
Accounts payable 522 596 578
Accrued and other liabilities 455 561 498
Current portion of obligations under finance leases 6 6 104
Operating lease liabilities classified as current 539 572 577
Liabilities, current, total 1,522 1,735 1,757
Long-term debt and obligations under finance leases 448 451 456
Long-term lease obligations 2,212 2,363 2,421
Other liabilities 321 343 235
Total liabilities 4,503 4,892 4,869
Shareholders' equity:      
Common stock and paid-in capital: 99,338,704; 104,541,760; and 99,070,796 shares issued, respectively 798 770 806
Retained earnings 3,110 2,900 3,044
Accumulated other comprehensive loss (443) (343) (343)
Less: Treasury stock at cost: 6,018,983; 3,473,932; and 2,050,000 shares, respectively (213) (88) (170)
Noncontrolling interest 7 4 5
Total shareholders' equity 3,259 3,243 3,342
Liabilities and equity, total $ 7,762 $ 8,135 $ 8,211
[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.