Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements and Concentrations of Credit Risk (Tables)

v3.21.1
Fair Value Measurements and Concentrations of Credit Risk (Tables)
12 Months Ended
Jan. 30, 2021
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:

 

 

 

January 30, 2021

 

 

February 1, 2020

 

 

 

 

 

 

 

Fair Value Measurements

 

 

 

 

 

 

Fair Value Measurements

 

 

 

 

 

 

 

Quoted

Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quoted

Prices

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

in Active

Markets for

Identical

Assets

(Level 1)

 

 

Significant

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

 

Total

 

 

in Active

Markets for

Identical

Assets

(Level 1)

 

 

Significant

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

 

 

(millions)

 

Marketable

   equity and

   debt securities

 

$

100

 

 

$

37

 

 

$

63

 

 

$

 

 

$

132

 

 

$

34

 

 

$

98

 

 

$

 

 

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:

 

 

 

January 30, 2021

 

 

February 1, 2020

 

 

 

Notional

Amount

 

 

Carrying

Amount

 

 

Fair

Value

 

 

Notional

Amount

 

 

Carrying

Amount

 

 

Fair

Value

 

 

 

(millions)

 

Long-term debt

 

$

4,454

 

 

$

4,407

 

 

$

4,320

 

 

$

3,607

 

 

$

3,621

 

 

 

3,702

 

 

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 2020 and 2019:

 

 

 

January 30, 2021

 

 

February 1, 2020

 

 

 

 

 

 

 

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

 

$

95

 

 

$

 

 

$

 

 

$

95

 

 

$

129

 

 

$

 

 

$

 

 

$

129

 

Goodwill

 

 

828

 

 

 

 

 

 

 

 

 

828