v3.24.2.u1
Derivative Instruments Designated as Cash Flow Hedges (Tables)
6 Months Ended
Aug. 02, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The Company’s derivative instruments designated as cash flow hedges consist of:
     
Fair Value of Asset(1) at
 Notional Amount at August 2, 2024 Pay Fixed
Rate
Receive
Variable
Rate
Settlement and
Termination
August 2,
2024
February 2, 2024
 (in millions)   (in millions)
Interest rate swaps
$685 2.96 %1-month Term SOFRMonthly through October 31, 2025 $9 $15 
(1)    The fair value of the fixed interest rate swap asset is included in "Other assets" on the condensed consolidated balance sheets.