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CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Additional Paid-In Capital & Common Stock
Treasury Stock [Member]
Retained Earnings
Accumulated Other Comprehensive Loss [Member]
Noncontrolling Interest [Member]
Total
Cumulative effect of the adoption new ASUs $ 779 $ (3) $ 2,326 $ (331) $ 5 $ 2,776
Beginning Balance at Jan. 30, 2021 $ 779 $ (3) 2,326 (331) 5 2,776
Beginning Balance (in shares) at Jan. 30, 2021 103,693,000          
Beginning Balance (in treasury shares) at Jan. 30, 2021   (74,000)        
Restricted stock issued (in shares) 498,000          
Issued under director and stock plans $ 11         11
Issued under director and stock plans (in shares) 351,000          
Share-based compensation expense $ 23         23
Shares of common stock used to satisfy tax withholding obligations   $ (11)       (11)
Shares of common stock used to satisfy tax withholding obligations (in shares)   (205,000)        
Share repurchases   $ (170)       (170)
Share repurchases (in shares)   (3,496,000)        
Reissued - employee stock purchase plan (7) $ 14       7
Reissued - employee stock purchase plan (in shares)   301,000        
Net income     790     790
Cash dividends declared on common stock     (72)     (72)
Translation adjustment, net of tax       (17)   (17)
Change in cash flow hedges, net of tax       1   1
Pension and postretirement adjustments, net of tax       4   4
Ending Balance at Oct. 30, 2021 $ 806 $ (170) 3,044 (343) 5 $ 3,342
Ending Balance (in shares) at Oct. 30, 2021 104,542,000         104,541,760
Ending Balance (in treasury shares) at Oct. 30, 2021   (3,474,000)       (3,473,932)
Cumulative effect of the adoption new ASUs $ 799 $ (41) 2,916 (338) 5 $ 3,341
Beginning Balance at Jul. 31, 2021 $ 799 $ (41) 2,916 (338) 5 3,341
Beginning Balance (in shares) at Jul. 31, 2021 104,516,000          
Beginning Balance (in treasury shares) at Jul. 31, 2021   (714,000)        
Restricted stock issued (in shares) 19,000          
Issued under director and stock plans (in shares) 7,000          
Share-based compensation expense $ 7         7
Shares of common stock used to satisfy tax withholding obligations (in shares)   (10,000)        
Share repurchases   $ (129)       (129)
Share repurchases (in shares)   (2,750,000)        
Net income     158     158
Cash dividends declared on common stock     (30)     (30)
Translation adjustment, net of tax       (7)   (7)
Change in cash flow hedges, net of tax       1   1
Pension and postretirement adjustments, net of tax       1   1
Ending Balance at Oct. 30, 2021 $ 806 $ (170) 3,044 (343) 5 $ 3,342
Ending Balance (in shares) at Oct. 30, 2021 104,542,000         104,541,760
Ending Balance (in treasury shares) at Oct. 30, 2021   (3,474,000)       (3,473,932)
Cumulative effect of the adoption new ASUs $ 806 $ (170) 3,044 (343) 5 $ 3,342
Cumulative effect of the adoption new ASUs 770 (88) 2,900 (343) 4 3,243 [1]
Beginning Balance at Jan. 29, 2022 $ 770 $ (88) 2,900 (343) 4 $ 3,243 [1]
Beginning Balance (in shares) at Jan. 29, 2022 99,071,000         99,070,796
Beginning Balance (in treasury shares) at Jan. 29, 2022   (2,050,000)       (2,050,000)
Restricted stock issued (in shares) 113,000          
Issued under director and stock plans $ 5         $ 5
Issued under director and stock plans (in shares) 155,000          
Share-based compensation expense $ 25         25
Shares of common stock used to satisfy tax withholding obligations   $ (1)       (1)
Shares of common stock used to satisfy tax withholding obligations (in shares)   (39,000)        
Share repurchases   $ (129)       (129)
Share repurchases (in shares)   (4,050,000)        
Reissued - employee stock purchase plan (2) $ 5       3
Reissued - employee stock purchase plan (in shares)   120,000        
Noncontrolling interest capital contribution         4 4
Net income     323   (1) 322
Cash dividends declared on common stock     (113)     (113)
Translation adjustment, net of tax       (104)   (104)
Change in cash flow hedges, net of tax       (3)   (3)
Pension and postretirement adjustments, net of tax       7   7
Ending Balance at Oct. 29, 2022 $ 798 $ (213) 3,110 (443) 7 $ 3,259
Ending Balance (in shares) at Oct. 29, 2022 99,339,000         99,338,704
Ending Balance (in treasury shares) at Oct. 29, 2022   (6,019,000)       (6,018,983)
Cumulative effect of the adoption new ASUs $ 788 $ (213) 3,051 (416) 7 $ 3,217
Beginning Balance at Jul. 30, 2022 $ 788 $ (213) 3,051 (416) 7 3,217
Beginning Balance (in shares) at Jul. 30, 2022 99,319,000          
Beginning Balance (in treasury shares) at Jul. 30, 2022   (6,018,000)        
Restricted stock issued (in shares) 2,000          
Issued under director and stock plans $ 1         1
Issued under director and stock plans (in shares) 18,000          
Share-based compensation expense $ 9         9
Shares of common stock used to satisfy tax withholding obligations (in shares)   (1,000)        
Net income     96     96
Cash dividends declared on common stock     (37)     (37)
Translation adjustment, net of tax       (29)   (29)
Change in cash flow hedges, net of tax       (1)   (1)
Pension and postretirement adjustments, net of tax       3   3
Ending Balance at Oct. 29, 2022 $ 798 $ (213) 3,110 (443) 7 $ 3,259
Ending Balance (in shares) at Oct. 29, 2022 99,339,000         99,338,704
Ending Balance (in treasury shares) at Oct. 29, 2022   (6,019,000)       (6,018,983)
Cumulative effect of the adoption new ASUs $ 798 $ (213) $ 3,110 $ (443) $ 7 $ 3,259
[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.