Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements and Concentrations of Credit Risk (Tables)

v3.20.1
Fair Value Measurements and Concentrations of Credit Risk (Tables)
12 Months Ended
Feb. 01, 2020
Fair Value by Fair Value Hierarchy Level Extensible List [Abstract]  
Fair Value of Plan Assets Measured on a Recurring Basis
The following table shows the Company’s financial assets that are required to be measured at fair value on a recurring basis, by level within the hierarchy as defined by applicable accounting standards:
 
 
February 1, 2020
 
February 2, 2019
 
 
 
Fair Value Measurements
 
 
 
Fair Value Measurements
 
Total
 
Quoted Prices
in Active
Markets for
Identical 
Assets
(Level 1)
 
Significant
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
 
Quoted Prices
in Active
Markets for
Identical 
Assets
(Level 1)
 
Significant
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
(millions)
Marketable
equity and
debt securities
$
132

 
$
34

 
$
98

 
$

 
$
101

 
$
27

 
$
74

 
$


Estimated Fair Values of Company's Long Term Debt
The following table shows the estimated fair value of the Company’s long-term debt, excluding capital leases and other obligations:
 
 
February 1, 2020
 
February 2, 2019
 
Notional
Amount
 
Carrying
Amount
 
Fair
Value
 
Notional
Amount
 
Carrying
Amount
 
Fair
Value
 
(millions)
Long-term debt
$
3,607

 
$
3,621

 
$
3,702

 
$
4,671

 
$
4,683

 
$
4,407


Fair Value Measurements, Nonrecurring Basis
The following table shows certain of the Company’s long-lived assets, which includes tangible and intangible assets, that were measured at fair value on a nonrecurring basis during 2019 and 2018:
 
 
February 1, 2020
 
February 2, 2019
 
 
 
Fair Value Measurements
 
 
 
Fair Value Measurements
 
Total
 
Quoted Prices
in Active
Markets for
Identical 
Assets
(Level 1)
 
Significant
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
 
Quoted Prices
in Active
Markets for
Identical 
Assets
(Level 1)
 
Significant
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
(millions)
Long-lived assets
$
129

 
$

 
$

 
$
129

 
$
24

 
$

 
$

 
$
24