v3.25.3
Fair Value Measurements (Tables)
 9 Months Ended
Nov. 01, 2025
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Measured on a Recurring Basis
Fair value measurements are reported in one of three levels reflecting the significant inputs used to determine fair value.

 
Financial Instruments Measured On a Recurring BasisFair Value
(millions)ClassificationMeasurement LevelNovember 1, 2025February 1, 2025November 2, 2024
Assets   
Short-term investmentsCash and Cash EquivalentsLevel 1$2,894 $3,893 $2,456 
Prepaid forward contracts Other Current AssetsLevel 116 23 26 
Interest rate swapsOther Noncurrent AssetsLevel 22 — — 
Liabilities   
Interest rate swapsOther Current LiabilitiesLevel 21 — — 
Interest rate swapsOther Noncurrent LiabilitiesLevel 247 125 105 
Schedule of Significant Financial Instruments Not Measured at Fair Value
Significant Financial Instruments Not Measured at Fair Value (a)

(millions)
November 1, 2025February 1, 2025November 2, 2024
Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Long-term debt, including current portion (b)
$14,396 $13,790 $13,904 $12,953 $13,901 $13,029 
(a)The carrying amounts of certain other current assets, commercial paper, accounts payable, and certain accrued and other current liabilities approximate fair value due to their short-term nature.
(b)The fair value of long-term debt is estimated using Level 2 inputs based on quoted prices for the instruments. Where quoted prices are not available, fair value is estimated using discounted cash flows and market-based expectations for interest rates. These amounts exclude commercial paper, fair value hedge adjustments, and lease liabilities.