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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Jul. 29, 2023
Jan. 28, 2023
[1]
Jul. 30, 2022
Current assets:      
Cash and cash equivalents $ 180 $ 536 $ 386
Merchandise inventories 1,831 1,643 1,644
Other current assets 360 342 285
Assets, Current 2,371 2,521 2,315
Property and equipment, net 898 920 899
Operating lease right-of-use assets 2,266 2,443 2,526
Deferred taxes 94 90 74
Goodwill 774 785 773
Other intangible assets, net 415 426 432
Minority investments 629 630 736
Other assets 89 92 113
Assets 7,536 7,907 7,868
Current liabilities:      
Accounts payable 514 492 596
Accrued and other liabilities 419 568 435
Current portion of debt and obligations under finance leases 6 6 6
Current portion of lease obligations 513 544 548
Liabilities, Current 1,452 1,610 1,585
Long-term debt and obligations under finance leases 444 446 449
Long-term lease obligations 2,071 2,230 2,287
Other liabilities 322 328 330
Total liabilities 4,289 4,614 4,651
Commitments and contingencies
Shareholders’ equity:      
Common stock and paid-in capital: 94,253,029; 99,319,014; and 93,396,901 shares issued, respectively 767 760 788
Retained earnings 2,881 2,925 3,051
Accumulated other comprehensive loss (397) (392) (416)
Less: Treasury stock at cost: 98,990; 6,018,197; and 1,489 shares, respectively (4) 0 (213)
Noncontrolling interest 0 0 7
Total shareholders' equity 3,247 3,293 3,217
Liabilities and Equity $ 7,536 $ 7,907 $ 7,868
[1] The balance sheet at January 28, 2023 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 28, 2023