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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jan. 30, 2021
Feb. 01, 2020
Current assets:    
Cash and cash equivalents $ 2,271 $ 723
Merchandise inventories 2,590 3,537
Other [1] 974 389
Total current assets 5,835 4,649
Property and equipment, net 6,689 7,352
Operating leases 2,398 2,391
Other assets [1] 415 163
Total assets 15,337 14,555
Current liabilities:    
Accounts payable 1,476 1,206
Accrued liabilities 1,270 1,281
Current portion of:    
Finance lease and financing obligations 115 124
Operating leases 161 158
Total current liabilities 3,022 2,769
Long-term debt 2,451 1,856
Finance lease and financing obligations 1,387 1,367
Operating leases 2,625 2,619
Deferred income taxes 302 260
Other long-term liabilities 354 234
Shareholders’ equity:    
Common stock - 377 and 375 million shares issued 4 4
Paid-in capital 3,319 3,272
Treasury stock, at cost, 219 and 219 million shares (11,595) (11,571)
Retained earnings 13,468 13,745
Total shareholders’ equity 5,196 5,450
Total liabilities and shareholders’ equity $ 15,337 $ 14,555
[1] See Note 5 of Notes to Consolidated Financial Statements for further discussion on income taxes.