v3.24.2.u1
CONDENSED AND CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Shares of common stock
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Non-controlling interest
Balance, beginning (in shares) at Feb. 03, 2023   54,000,000        
Beginning Balance at Feb. 03, 2023 $ 1,704   $ 637 $ 1,035 $ 22 $ 10
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 345     345    
Issuances of stock (in shares)   1,000,000        
Issuances of stock 9   9      
Net other comprehensive loss 1       1  
Cash dividends (40)     (40)    
Stock-based compensation, net of shares withheld for taxes(1) [1] 7   7      
Repurchases of stock (in shares)   (2,000,000)        
Repurchases of stock (173)   (173)      
Noncontrolling Interest, Decrease from Deconsolidation (10)          
Balance, ending (in shares) at Aug. 04, 2023   53,000,000        
Ending Balance at Aug. 04, 2023 1,843   480 1,340 23 0
Balance, beginning (in shares) at May. 05, 2023   54,000,000        
Beginning Balance at May. 05, 2023 1,692   563 1,113 16 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 247     247    
Issuances of stock 5   5      
Net other comprehensive loss 7       7  
Cash dividends (20)     (20)    
Stock-based compensation, net of shares withheld for taxes(1) [1] 14   14      
Repurchases of stock (in shares)   (1,000,000)        
Repurchases of stock (102)   (102)      
Balance, ending (in shares) at Aug. 04, 2023   53,000,000        
Ending Balance at Aug. 04, 2023 $ 1,843   480 1,340 23 0
Balance, beginning (in shares) at Feb. 02, 2024 52,000,000 52,000,000        
Beginning Balance at Feb. 02, 2024 $ 1,785   337 1,432 16 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 158     158    
Issuances of stock 9   9      
Net other comprehensive loss (5)       (5)  
Cash dividends (39)     (39)    
Stock-based compensation, net of shares withheld for taxes(1) [1] 2   2      
Repurchases of stock (in shares)   (2,000,000)        
Repurchases of stock $ (285)   (285)      
Noncontrolling Interest, Decrease from Deconsolidation           (10)
Balance, ending (in shares) at Aug. 02, 2024 50,000,000 50,000,000        
Ending Balance at Aug. 02, 2024 $ 1,625   63 1,551 11 0
Balance, beginning (in shares) at May. 03, 2024   51,000,000        
Beginning Balance at May. 03, 2024 1,759   251 1,489 19 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 81     81    
Issuances of stock 5   5      
Net other comprehensive loss (8)       (8)  
Cash dividends (19)     (19)    
Stock-based compensation, net of shares withheld for taxes(1) [1] 11   11      
Repurchases of stock (in shares)   (1,000,000)        
Repurchases of stock $ (204)   (204)      
Balance, ending (in shares) at Aug. 02, 2024 50,000,000 50,000,000        
Ending Balance at Aug. 02, 2024 $ 1,625   $ 63 $ 1,551 $ 11 $ 0
[1] During the three months ended August 2, 2024 and August 4, 2023, shares withheld for taxes related to stock-based compensation arrangements amounted to $1 million. During the six months ended August 2, 2024 and August 4, 2023, shares withheld for taxes related to stock-based compensation arrangements amounted to $23 million and $20 million, respectively.