Foot Locker (FL) 10-Q12 Jun 242024 Q1 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	May 04, 2024	May 31, 2024
Document Information [Line Items]
Entity Central Index Key	0000850209
Entity Registrant Name	Foot Locker, Inc.
Amendment Flag	false
Current Fiscal Year End Date	--02-01
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	May 04, 2024
Document Transition Report	false
Entity File Number	1-10299
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	13-3513936
Entity Address, Address Line One	330 West 34th Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10001
City Area Code	212
Local Phone Number	720-3700
Title of 12(b) Security	Common Stock, par value $0.01
Trading Symbol	FL
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		94,718,024

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Millions	May 04, 2024	Feb. 03, 2024	[1]	Apr. 29, 2023
Current assets:
Cash and cash equivalents	$ 282	$ 297		$ 313
Merchandise inventories	1,659	1,509		1,758
Other current assets	414	419		326
Assets, Current	2,355	2,225		2,397
Property and equipment, net	910	930		901
Operating lease right-of-use assets	2,175	2,188		2,331
Deferred taxes	114	114		94
Goodwill	760	768		781
Other intangible assets, net	392	399		421
Minority investments	150	152		629
Other assets	91	92		89
Assets	6,947	6,868		7,643
Current liabilities:
Accounts payable	515	366		474
Accrued and other liabilities	389	428		447
Current portion of debt and obligations under finance leases	5	5		6
Current portion of lease obligations	496	492		533
Liabilities, Current	1,405	1,291		1,460
Long-term debt and obligations under finance leases	441	442		445
Long-term lease obligations	1,984	2,004		2,132
Other liabilities	231	241		323
Total liabilities	4,061	3,978		4,360
Commitments and contingencies
Shareholders’ equity:
Common stock and paid-in capital: 94,939,866; 94,175,714; and 94,283,984 shares issued, respectively	787	776		766
Retained earnings	2,490	2,482		2,923
Accumulated other comprehensive loss	(385)	(366)		(396)
Less: Treasury stock at cost: 231,467; 260,870; and 60,308 shares, respectively	(6)	(2)		(10)
Total shareholders' equity	2,886	2,890		3,283
Liabilities and Equity	$ 6,947	$ 6,868		$ 7,643

[1]The balance sheet at February 3, 2024 has been derived from the previously reported audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended February 3, 2024.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - shares	May 04, 2024	Feb. 03, 2024	[1]	Apr. 29, 2023
Common stock, shares issued (in shares)	94,939,866	94,283,984		94,175,714
Treasury stock, shares (in shares)	231,467	60,308		260,870

[1]The balance sheet at February 3, 2024 has been derived from the previously reported audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended February 3, 2024.

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Current Period Unaudited) - USD ($) shares in Millions, $ in Millions		3 Months Ended
		May 04, 2024	Apr. 29, 2023
Total revenue		$ 1,879	$ 1,931
Cost of sales		1,335	1,349
Selling, general and administrative expenses		461	431
Depreciation and amortization		51	51
Impairment and other	[1]	14	39
Income from operations		18	61
Interest expense, net		(1)	(1)
Other (expense) income, net	[2]	(4)	(3)
Income before income taxes		13	57
Income tax expense		(5)	(21)
Net income		$ 8	$ 36
Basic earnings per share (in dollars per share)		$ 0.09	$ 0.39
Weighted-average shares outstanding (in shares)		94.7	93.7
Diluted earnings per share (in dollars per share)		$ 0.09	$ 0.38
Weighted-average shares outstanding, assuming dilution (in shares)		95.3	95.1
Sales Revenue [Member]
Total revenue		$ 1,874	$ 1,927
License [Member]
Total revenue		$ 5	$ 4

[1]See Note 4, Impairment and Other for further detail.[2]See Note 5, Other (Expense) Income, net.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Net income	$ 8	$ 36
Foreign currency translation adjustment:
Translation adjustment arising during the period, net of income tax benefit of $- and $-, respectively	(19)	(7)
Hedges contracts:
Change in fair value of derivatives, net of income tax benefit of $(1) and $-, respectively	(1)	1
Pension and postretirement adjustments:
Amortization of net actuarial gain/loss and prior service cost included in net periodic benefit costs, net of income tax expense of $1 and $1, respectively	1	2
Comprehensive (loss) income	$ (11)	$ 32

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Net income tax benefit on translation adjustment	$ 0	$ 0
Change in fair value of derivatives, tax adjustments	(1,000)	0
Amortization of net actuarial gain/loss, tax adjustments	$ 1,000	$ 1,000

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Millions	Common Stock Including Additional Paid in Capital [Member]	Treasury Stock, Common [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Jan. 28, 2023	93,397	(1)
Balance at Jan. 28, 2023	$ 760	$ 0	$ 2,925	$ (392)	$ 3,293
Restricted stock issued (in shares)	628
Restricted stock issued	$ 0				0
Issued under director and stock plans (in shares)	151
Issued under director and stock plans	$ 4				4
Share-based compensation expense	$ 2				2
Shares of common stock used to satisfy tax withholding obligations (in shares)		(260)
Shares of common stock used to satisfy tax withholding obligations		$ (10)			(10)
Net income			36		36
Translation adjustment, net of tax				(7)	(7)
Change in cash flow hedges, net of tax				1	1
Pension and postretirement adjustments, net of tax				2	2
Cash dividends on common stock			(38)		(38)
Balance (in shares) at Apr. 29, 2023	94,176	(261)
Balance at Apr. 29, 2023	$ 766	$ (10)	2,923	(396)	3,283
Balance (in shares) at Feb. 03, 2024	94,284	(60)
Balance at Feb. 03, 2024	$ 776	$ (2)	2,482	(366)	2,890	[1]
Restricted stock issued (in shares)	417
Restricted stock issued	$ 0				0
Issued under director and stock plans (in shares)	239
Issued under director and stock plans	$ 5				5
Share-based compensation expense	$ 6				6
Shares of common stock used to satisfy tax withholding obligations (in shares)		(171)
Shares of common stock used to satisfy tax withholding obligations		$ (4)			(4)
Net income			8		8
Translation adjustment, net of tax				(19)	(19)
Change in cash flow hedges, net of tax				(1)	(1)
Pension and postretirement adjustments, net of tax				1	1
Balance (in shares) at May. 04, 2024	94,940	(231)
Balance at May. 04, 2024	$ 787	$ (6)	$ 2,490	$ (385)	$ 2,886

[1]The balance sheet at February 3, 2024 has been derived from the previously reported audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended February 3, 2024.

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals)	3 Months Ended
	Apr. 29, 2023 $ / shares
Common stock, dividends, per share, declared (in dollars per share)	$ 0.4

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	May 04, 2024	Apr. 29, 2023
From operating activities:
Net income	$ 8	$ 36
Adjustments to reconcile net income to net cash from operating activities:
Non-cash impairment and other	7	18
Depreciation and amortization	51	51
Deferred income taxes	(5)	(4)
Share-based compensation expense	6	2
Change in assets and liabilities:
Merchandise inventories	(158)	(117)
Accounts payable	151	(16)
Accrued and other liabilities	(3)	(87)
Other, net	1	(1)
Net cash provided by (used in) operating activities	58	(118)
From investing activities:
Capital expenditures	(76)	(59)
Net cash used in investing activities	(76)	(59)
From financing activities:
Dividends paid on common stock	0	(38)
Shares of common stock repurchased to satisfy tax withholding obligations	(4)	(10)
Payment of obligations under finance leases	(2)	(2)
Proceeds from exercise of stock options	5	4
Net cash used in financing activities	(1)	(46)
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash	2	0
Net change in cash, cash equivalents, and restricted cash	(17)	(223)
Cash, cash equivalents, and restricted cash at beginning of year	334	582
Cash, cash equivalents, and restricted cash at end of period	317	359
Supplemental information:
Interest paid	8	8
Income taxes paid	11	23
Cash paid for amounts included in measurement of operating lease liabilities	172	170
Cash paid for amounts included in measurement of finance lease liabilities	2	2
Right-of-use assets obtained in exchange for operating lease obligations	142	34
Assets obtained in exchange for finance lease obligations	$ 1	$ 0

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	3 Months Ended
Note 1 - Summary of Significant Accounting Policies	May 04, 2024
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	1. Business Foot Locker, Inc., together with its consolidated subsidiaries (“Foot Locker,” “Company,” “we,” “our,” and “us”), is a leading footwear and apparel retailer. We have integrated all available shopping channels, including stores, websites, apps, and social channels. Store sales are primarily fulfilled from the store’s inventory, but may not may one Basis of Presentation The accompanying interim Unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not not May 4, 2024 not may The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Notes to Consolidated Financial Statements contained in our 2023 10 There were no 1, Summary of Significant Accounting Policies 2023 10 Recent Accounting Pronouncements Other than the pronouncements disclosed in our 2023 10 not, not

Note 2 - Revenue

Note 2 - Revenue	3 Months Ended
Note 2 - Revenue	May 04, 2024
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	2. The table below presents sales disaggregated by sales channel, as well as licensing revenue earned from our various licensed arrangements. Sales are attributable to the channel in which the sales transaction is initiated. Thirteen weeks ended May 4, April 29, ($ in millions) 2024 2023 Sales by Channel Stores $ 1,554 $ 1,613 Direct-to-customers 320 314 Total sales 1,874 1,927 Licensing revenue 5 4 Total revenue $ 1,879 $ 1,931 Revenue is attributed to the country in which the transaction is fulfilled, and revenue by geographic area is presented in the following table. Thirteen weeks ended May 4, April 29, ($ in millions) 2024 2023 Revenue by Geography United States $ 1,272 $ 1,287 International 607 644 Total revenue $ 1,879 $ 1,931 Sales by banner and operating segment are presented in the following table. Thirteen weeks ended May 4, April 29, ($ in millions) 2024 2023 Foot Locker $ 759 $ 744 Champs Sports 267 328 Kids Foot Locker 183 167 WSS 160 150 North America 1,369 1,389 Foot Locker (1) 394 379 Sidestep — 14 EMEA 394 393 Foot Locker 72 98 atmos 39 47 Asia Pacific 111 145 Total sales $ 1,874 $ 1,927 ( 1 Includes sales from 10 15 May 4, 2024 April 29, 2023 Contract Liabilities We sell gift cards which do not May 4, April 29, ($ in millions) 2024 2023 Gift card liability at beginning of year $ 29 $ 36 Redemptions (39 ) (61 ) Breakage recognized in sales (2 ) (4 ) Activations 35 56 Gift card liability $ 23 $ 27 We elected not 12 not

Note 3 - Segment Information

Note 3 - Segment Information	3 Months Ended
Note 3 - Segment Information	May 04, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	3. Foot Locker, Inc. operates one Thirteen weeks ended May 4, April 29, ($ in millions) 2024 2023 Division profit $ 43 $ 104 Less: Impairment and other (1) 14 39 Less: Corporate expense (2) 11 4 Income from operations 18 61 Interest expense, net (1 ) (1 ) Other (expense) income, net (3) (4 ) (3 ) Income before income taxes $ 13 $ 57 ( 1 See Note 4, Impairment and Other ( 2 Corporate expense consists of unallocated selling, general and administrative expenses, as well as depreciation and amortization related to our corporate headquarters, centrally managed departments, unallocated insurance and benefit programs, certain foreign exchange transaction gains and losses, and other items. ( 3 See Note 5, Other (Expense) Income, net

Note 4 - Impairment and Other

Note 4 - Impairment and Other	3 Months Ended
Note 4 - Impairment and Other	May 04, 2024
Notes to Financial Statements
Restructuring, Impairment, and Other Activities Disclosure [Text Block]	4. Thirteen weeks ended May 4, April 29, ($ in millions) 2024 2023 Impairment of long-lived assets and right-of-use assets $ 7 $ 18 Legal claims 7 — Transformation consulting — 19 Reorganization costs — 2 Total impairment and other $ 14 $ 39 For the thirteen May 4, 2024 no one

Note 5 - Other (Expense) Income

Note 5 - Other (Expense) Income, Net	3 Months Ended
Note 5 - Other (Expense) Income, Net	May 04, 2024
Notes to Financial Statements
Other Income and Other Expense Disclosure [Text Block]	5. Thirteen weeks ended May 4, April 29, ($ in millions) 2024 2023 Pension and postretirement net benefit expense, excluding service cost $ (2 ) $ (2 ) Share of losses related to minority investments (2 ) (1 ) Total other (expense) income, net $ (4 ) $ (3 )

Note 6 - Cash, Cash Equivalents

Note 6 - Cash, Cash Equivalents, and Restricted Cash	3 Months Ended
Note 6 - Cash, Cash Equivalents, and Restricted Cash	May 04, 2024
Notes to Financial Statements
Cash and Cash Equivalents Disclosure [Text Block]	6. The table below provides a reconciliation of cash and cash equivalents, as reported on our Condensed Consolidated Balance Sheets, to cash, cash equivalents, and restricted cash, as reported on our Condensed Consolidated Statements of Cash Flows. May 4, April 29, ($ in millions) 2024 2023 Cash and cash equivalents $ 282 $ 313 Restricted cash included in other current assets 4 13 Restricted cash included in other non-current assets 31 33 Cash, cash equivalents, and restricted cash $ 317 $ 359 Amounts included in restricted cash primarily relate to amounts held in escrow in connection with various leasing arrangements in Europe and deposits held in insurance trusts to satisfy the requirement to collateralize part of the self-insured workers’ compensation and liability claims.

Note 7 - Accumulated Other Comp

Note 7 - Accumulated Other Comprehensive Loss	3 Months Ended
Note 7 - Accumulated Other Comprehensive Loss	May 04, 2024
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	7. Accumulated other comprehensive loss (“AOCL”), net of tax, is comprised of the following: May 4, April 29, February 3, ($ in millions) 2024 2023 2024 Foreign currency translation adjustments $ (192 ) $ (155 ) $ (173 ) Hedge contracts (3 ) (2 ) (2 ) Unrecognized pension cost and postretirement benefit (190 ) (239 ) (191 ) $ (385 ) $ (396 ) $ (366 ) The changes in AOCL for the thirteen May 4, 2024 Foreign Items Related Currency to Pension and Translation Hedge Postretirement ($ in millions) Adjustments Contracts Benefits Total Balance as of February 3, 2024 $ (173 ) (2 ) $ (191 ) $ (366 ) OCI before reclassification (19 ) 2 — (17 ) Reclassification of hedges, net of tax — (3 ) — (3 ) Amortization of pension actuarial loss, net of tax — — 1 1 Other comprehensive (loss) / income (19 ) (1 ) 1 (19 ) Balance as of May 4, 2024 $ (192 ) $ (3 ) $ (190 ) $ (385 ) Reclassifications from AOCL for the thirteen May 4, 2024 ($ in millions) Reclassification of hedge loss: Cross-currency swap $ (4 ) Income tax 1 Reclassification of hedges, net of tax $ (3 ) Amortization of actuarial loss: Pension benefits $ 2 Income tax (1 ) Amortization of actuarial loss, net of tax $ 1 Total, net of tax $ (2 )

Note 8 - Fair Value Measurement

Note 8 - Fair Value Measurements	3 Months Ended
Note 8 - Fair Value Measurements	May 04, 2024
Notes to Financial Statements
Fair Value Disclosures [Text Block]	8. Our financial assets and liabilities are recorded at fair value, using a three Assets and Liabilities Measured at Fair Value on a Recurring Basis ($ in millions) As of May 4, 2024 As of April 29, 2023 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets Available-for-sale security $ — $ 6 $ — $ — $ 6 $ — Foreign exchange forward contracts — 2 — — — — Cross-currency swap contract — 9 — — — — Total assets $ — $ 17 $ — $ — $ 6 $ — Liabilities Contingent consideration $ — $ — $ — $ — $ — $ 4 Foreign exchange forward contracts — — — — 1 — Total liabilities $ — $ — $ — $ — $ 1 $ 4 There were no 1, 2, 3 Long-Term Debt The fair value of long-term debt is determined by using model-derived valuations in which all significant inputs or significant value drivers are observable in active markets and, therefore, are classified as Level 2. May 4, April 29, ($ in millions) 2024 2023 Carrying value (1) $ 395 $ 395 Fair value $ 321 $ 339 ( 1 The carrying value of debt as of both May 4, 2024 April 29, 2023 The carrying values of cash and cash equivalents, and other current receivables and payables approximate their fair value.

Note 9 - Earnings Per Share

Note 9 - Earnings Per Share	3 Months Ended
Note 9 - Earnings Per Share	May 04, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	9. We account for earnings per share (“EPS”) using the treasury stock method. Basic EPS is computed by dividing net income for the period by the weighted-average number of common shares outstanding at the end of the period. Diluted earnings per share reflects the weighted-average number of common shares outstanding during the period used in the basic EPS computation plus dilutive common stock equivalents. The computation of diluted earnings per share does not Thirteen weeks ended May 4, April 29, (in millions, except per share data) 2024 2023 Net income $ 8 $ 36 Weighted-average common shares outstanding 94.7 93.7 Dilutive effect of potential common shares 0.6 1.4 Weighted-average common shares outstanding assuming dilution 95.3 95.1 Earnings per share - basic $ 0.09 $ 0.39 Earnings per share - diluted $ 0.09 $ 0.38 Anti-dilutive share-based awards excluded from diluted calculation 2.6 2.3 Performance stock units related to our long-term incentive programs of 1.8 million and 0.9 million have been excluded from diluted weighted-average shares for the periods ended May 4, 2024 April 29, 2023 not

Note 10 - Pension

Note 10 - Pension	3 Months Ended
Note 10 - Pension	May 04, 2024
Notes to Financial Statements
Retirement Benefits [Text Block]	10. The components of net periodic pension benefit expense are presented in the table below. Service cost is recognized as part of SG&A expense, while the other components are recognized as part of Other (expense) income, net. Thirteen weeks ended May 4, April 29, ($ in millions) 2024 2023 Service cost $ 1 $ 1 Interest cost 5 6 Expected return on plan assets (5 ) (7 ) Amortization of net loss 2 3 Net benefit expense $ 3 $ 3

Note 11 - Share-based Compensat

Note 11 - Share-based Compensation	3 Months Ended
Note 11 - Share-based Compensation	May 04, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	11. Share-Based Compensation Expense Total compensation expense, included in SG&A, and the associated tax benefits recognized related to our share-based compensation plans, was as follows: Thirteen weeks ended May 4, April 29, ($ in millions) 2024 2023 Options and employee stock purchase plan $ 1 $ 1 Restricted stock units and performance stock units 5 1 Total share-based compensation expense $ 6 $ 2 Tax benefit recognized $ 1 $ — Stock Options As of May 4, 2024 2007 2024, no thirteen May 4, 2024 Weighted- Weighted- Number Average Average of Remaining Exercise Shares Contractual Life Price (in thousands) (in years) (per share) Options outstanding at the beginning of the year 2,738 $ 48.23 Exercised (239 ) 21.60 Expired or cancelled (259 ) 53.85 Options outstanding at May 4, 2024 2,240 3.5 $ 50.41 Options exercisable at May 4, 2024 1,926 2.7 $ 52.60 The total fair value of options vested for the thirteen May 4, 2024 April 29, 2023 thirteen May 4, 2024 April 29, 2023 not The total intrinsic value of options exercised (the difference between the market price of our common stock on the exercise date and the price paid by the optionee to exercise the option) is presented below: Thirteen weeks ended May 4, April 29, ($ in millions) 2024 2023 Exercised $ 3 $ 3 The aggregate intrinsic value for stock options outstanding, and outstanding and exercisable (the difference between our closing stock price on the last trading day of the period and the exercise price of the options, multiplied by the number of in-the-money stock options) is presented below: May 4, April 29, ($ in millions) 2024 2023 Outstanding $ — $ 15 Outstanding and exercisable $ — $ 13 As of May 4, 2024 The table below summarizes information about stock options outstanding and exercisable at May 4, 2024 Options Outstanding Options Exercisable Weighted- Average Weighted- Weighted- Remaining Average Average Range of Exercise Number Contractual Exercise Number Exercise Prices Outstanding Life Price Exercisable Price (in thousands, except prices per share and contractual life) $21.60 - $30.98 447 4.8 $ 26.49 381 $ 26.14 $36.49 - $46.64 541 6.3 40.83 293 42.21 $53.61 - $58.94 383 2.4 56.47 383 56.47 $62.02 - $72.83 869 1.6 65.98 869 65.98 2,240 3.5 $ 50.41 1,926 $ 52.60 Restricted Stock Units and Performance Stock Units Restricted stock units (“RSU”) are awarded to certain officers, key employees of the Company, and nonemployee directors. Additionally, performance stock units (“PSU”) are awarded to certain officers and key employees in connection with our long-term incentive program. Each RSU and PSU represents the right to receive one Generally, RSU awards fully vest after the passage of time, typically over three one 2024 three one od on a straight-line basis. RSU and PSU activity for the thirteen May 4, 2024 Weighted- Average Weighted- Number Remaining Average of Contractual Grant Date Shares Life Fair Value (in thousands) (in years) (per share) Nonvested at beginning of year 1,378 $ 38.81 Granted 1,346 29.16 Vested (417 ) 52.23 Forfeited (10 ) 37.66 Nonvested at May 4, 2024 2,297 1.9 $ 30.72 Aggregate value ($ in millions) $ 71 The total value of RSU and PSU awards that vested during the thirteen May 4, 2024 April 29, 2023 May 4, 2024

Note 12 - Legal Proceedings

Note 12 - Legal Proceedings	3 Months Ended
Note 12 - Legal Proceedings	May 04, 2024
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	12. Legal proceedings pending against the Company or its consolidated subsidiaries consist of ordinary, routine litigation, or pre-litigation demands, including administrative proceedings, incidental to the business of the Company or businesses that have been sold or discontinued by the Company in past years. These legal proceedings include commercial, intellectual property, customer, environmental, and employment-related claims. We do not

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	May 04, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	5. During the quarter ended May 4, 2024 no 16a 1 10b5 1 10b5 1 408
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
Significant Accounting Policies (Policies)	May 04, 2024
Accounting Policies [Abstract]
Nature of Operations, Policy [Policy Text Block]	Business Foot Locker, Inc., together with its consolidated subsidiaries (“Foot Locker,” “Company,” “we,” “our,” and “us”), is a leading footwear and apparel retailer. We have integrated all available shopping channels, including stores, websites, apps, and social channels. Store sales are primarily fulfilled from the store’s inventory, but may not may one
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying interim Unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not not May 4, 2024 not may The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Notes to Consolidated Financial Statements contained in our 2023 10 There were no 1, Summary of Significant Accounting Policies 2023 10
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Other than the pronouncements disclosed in our 2023 10 not, not

Note 2 - Revenue (Tables)

Note 2 - Revenue (Tables)	3 Months Ended
Note 2 - Revenue (Tables)	May 04, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	Thirteen weeks ended May 4, April 29, ($ in millions) 2024 2023 Sales by Channel Stores $ 1,554 $ 1,613 Direct-to-customers 320 314 Total sales 1,874 1,927 Licensing revenue 5 4 Total revenue $ 1,879 $ 1,931
Revenue from External Customers by Geographic Areas [Table Text Block]	Thirteen weeks ended May 4, April 29, ($ in millions) 2024 2023 Revenue by Geography United States $ 1,272 $ 1,287 International 607 644 Total revenue $ 1,879 $ 1,931
Reconciliation of Revenue From Banners to Consolidated [Table Text Block]	Thirteen weeks ended May 4, April 29, ($ in millions) 2024 2023 Foot Locker $ 759 $ 744 Champs Sports 267 328 Kids Foot Locker 183 167 WSS 160 150 North America 1,369 1,389 Foot Locker (1) 394 379 Sidestep — 14 EMEA 394 393 Foot Locker 72 98 atmos 39 47 Asia Pacific 111 145 Total sales $ 1,874 $ 1,927
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	May 4, April 29, ($ in millions) 2024 2023 Gift card liability at beginning of year $ 29 $ 36 Redemptions (39 ) (61 ) Breakage recognized in sales (2 ) (4 ) Activations 35 56 Gift card liability $ 23 $ 27

Note 3 - Segment Information (T

Note 3 - Segment Information (Tables)	3 Months Ended
Note 3 - Segment Information (Tables)	May 04, 2024
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Thirteen weeks ended May 4, April 29, ($ in millions) 2024 2023 Division profit $ 43 $ 104 Less: Impairment and other (1) 14 39 Less: Corporate expense (2) 11 4 Income from operations 18 61 Interest expense, net (1 ) (1 ) Other (expense) income, net (3) (4 ) (3 ) Income before income taxes $ 13 $ 57

Note 4 - Impairment and Other (

Note 4 - Impairment and Other (Tables)	3 Months Ended
Note 4 - Impairment and Other (Tables)	May 04, 2024
Notes Tables
Schedule of Litigation Impairment and Other Charges [Table Text Block]	Thirteen weeks ended May 4, April 29, ($ in millions) 2024 2023 Impairment of long-lived assets and right-of-use assets $ 7 $ 18 Legal claims 7 — Transformation consulting — 19 Reorganization costs — 2 Total impairment and other $ 14 $ 39

Note 5 - Other (Expense) Inco_2

Note 5 - Other (Expense) Income, Net (Tables)	3 Months Ended
Note 5 - Other (Expense) Income, Net (Tables)	May 04, 2024
Notes Tables
Schedule of Other Operating Cost and Expense, by Component [Table Text Block]	Thirteen weeks ended May 4, April 29, ($ in millions) 2024 2023 Pension and postretirement net benefit expense, excluding service cost $ (2 ) $ (2 ) Share of losses related to minority investments (2 ) (1 ) Total other (expense) income, net $ (4 ) $ (3 )

Note 6 - Cash, Cash Equivalen_2

Note 6 - Cash, Cash Equivalents, and Restricted Cash (Tables)	3 Months Ended
	May 04, 2024
Notes Tables
Schedule of Cash and Cash Equivalents [Table Text Block]	May 4, April 29, ($ in millions) 2024 2023 Cash and cash equivalents $ 282 $ 313 Restricted cash included in other current assets 4 13 Restricted cash included in other non-current assets 31 33 Cash, cash equivalents, and restricted cash $ 317 $ 359

Note 7 - Accumulated Other Co_2

Note 7 - Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
Note 7 - Accumulated Other Comprehensive Loss (Tables)	May 04, 2024
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	May 4, April 29, February 3, ($ in millions) 2024 2023 2024 Foreign currency translation adjustments $ (192 ) $ (155 ) $ (173 ) Hedge contracts (3 ) (2 ) (2 ) Unrecognized pension cost and postretirement benefit (190 ) (239 ) (191 ) $ (385 ) $ (396 ) $ (366 )
Comprehensive Income (Loss) [Table Text Block]	Foreign Items Related Currency to Pension and Translation Hedge Postretirement ($ in millions) Adjustments Contracts Benefits Total Balance as of February 3, 2024 $ (173 ) (2 ) $ (191 ) $ (366 ) OCI before reclassification (19 ) 2 — (17 ) Reclassification of hedges, net of tax — (3 ) — (3 ) Amortization of pension actuarial loss, net of tax — — 1 1 Other comprehensive (loss) / income (19 ) (1 ) 1 (19 ) Balance as of May 4, 2024 $ (192 ) $ (3 ) $ (190 ) $ (385 )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	($ in millions) Reclassification of hedge loss: Cross-currency swap $ (4 ) Income tax 1 Reclassification of hedges, net of tax $ (3 ) Amortization of actuarial loss: Pension benefits $ 2 Income tax (1 ) Amortization of actuarial loss, net of tax $ 1 Total, net of tax $ (2 )

Note 8 - Fair Value Measureme_2

Note 8 - Fair Value Measurements (Tables)	3 Months Ended
Note 8 - Fair Value Measurements (Tables)	May 04, 2024
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	($ in millions) As of May 4, 2024 As of April 29, 2023 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets Available-for-sale security $ — $ 6 $ — $ — $ 6 $ — Foreign exchange forward contracts — 2 — — — — Cross-currency swap contract — 9 — — — — Total assets $ — $ 17 $ — $ — $ 6 $ — Liabilities Contingent consideration $ — $ — $ — $ — $ — $ 4 Foreign exchange forward contracts — — — — 1 — Total liabilities $ — $ — $ — $ — $ 1 $ 4
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	May 4, April 29, ($ in millions) 2024 2023 Carrying value (1) $ 395 $ 395 Fair value $ 321 $ 339

Note 9 - Earnings Per Share (Ta

Note 9 - Earnings Per Share (Tables)	3 Months Ended
Note 9 - Earnings Per Share (Tables)	May 04, 2024
Notes Tables
Schedule of Weighted Average Number of Shares [Table Text Block]	Thirteen weeks ended May 4, April 29, (in millions, except per share data) 2024 2023 Net income $ 8 $ 36 Weighted-average common shares outstanding 94.7 93.7 Dilutive effect of potential common shares 0.6 1.4 Weighted-average common shares outstanding assuming dilution 95.3 95.1 Earnings per share - basic $ 0.09 $ 0.39 Earnings per share - diluted $ 0.09 $ 0.38 Anti-dilutive share-based awards excluded from diluted calculation 2.6 2.3

Note 10 - Pension (Tables)

Note 10 - Pension (Tables)	3 Months Ended
Note 10 - Pension (Tables)	May 04, 2024
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	Thirteen weeks ended May 4, April 29, ($ in millions) 2024 2023 Service cost $ 1 $ 1 Interest cost 5 6 Expected return on plan assets (5 ) (7 ) Amortization of net loss 2 3 Net benefit expense $ 3 $ 3

Note 11 - Share-based Compens_2

Note 11 - Share-based Compensation (Tables)	3 Months Ended
Note 11 - Share-based Compensation (Tables)	May 04, 2024
Notes Tables
Share-Based Payment Arrangement, Cost by Plan [Table Text Block]	Thirteen weeks ended May 4, April 29, ($ in millions) 2024 2023 Options and employee stock purchase plan $ 1 $ 1 Restricted stock units and performance stock units 5 1 Total share-based compensation expense $ 6 $ 2 Tax benefit recognized $ 1 $ —
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Weighted- Weighted- Number Average Average of Remaining Exercise Shares Contractual Life Price (in thousands) (in years) (per share) Options outstanding at the beginning of the year 2,738 $ 48.23 Exercised (239 ) 21.60 Expired or cancelled (259 ) 53.85 Options outstanding at May 4, 2024 2,240 3.5 $ 50.41 Options exercisable at May 4, 2024 1,926 2.7 $ 52.60
Schedule of Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block]	Thirteen weeks ended May 4, April 29, ($ in millions) 2024 2023 Exercised $ 3 $ 3
Schedule of Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Intrinsic Value of Options Outstanding and Exercisable [Table Text Block]	May 4, April 29, ($ in millions) 2024 2023 Outstanding $ — $ 15 Outstanding and exercisable $ — $ 13
Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block]	Options Outstanding Options Exercisable Weighted- Average Weighted- Weighted- Remaining Average Average Range of Exercise Number Contractual Exercise Number Exercise Prices Outstanding Life Price Exercisable Price (in thousands, except prices per share and contractual life) $21.60 - $30.98 447 4.8 $ 26.49 381 $ 26.14 $36.49 - $46.64 541 6.3 40.83 293 42.21 $53.61 - $58.94 383 2.4 56.47 383 56.47 $62.02 - $72.83 869 1.6 65.98 869 65.98 2,240 3.5 $ 50.41 1,926 $ 52.60
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	Weighted- Average Weighted- Number Remaining Average of Contractual Grant Date Shares Life Fair Value (in thousands) (in years) (per share) Nonvested at beginning of year 1,378 $ 38.81 Granted 1,346 29.16 Vested (417 ) 52.23 Forfeited (10 ) 37.66 Nonvested at May 4, 2024 2,297 1.9 $ 30.72 Aggregate value ($ in millions) $ 71

Note 2 - Revenue - Schedule of

Note 2 - Revenue - Schedule of Sales Disaggregated by Sales Channel (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Total revenue	$ 1,879	$ 1,931
Sales Revenue [Member]
Total revenue	1,874	1,927
License [Member]
Total revenue	5	4
Store Sales Channel [Member]
Total revenue	1,554	1,613
Sales Channel, Directly to Consumer [Member]
Total revenue	$ 320	$ 314

Note 2 - Revenue - Schedule o_2

Note 2 - Revenue - Schedule of Sales Disaggregated by Geographic Area (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Total revenue	$ 1,879	$ 1,931
UNITED STATES
Total revenue	1,272	1,287
Non-US [Member]
Total revenue	$ 607	$ 644

Note 2 - Revenue - Sales by Ban

Note 2 - Revenue - Sales by Banner (Details) - USD ($) $ in Millions		3 Months Ended
		May 04, 2024	Apr. 29, 2023
Total sales		$ 1,879	$ 1,931
Sales Revenue [Member]
Total sales		1,874	1,927
Sales Revenue [Member] \| North America [Member]
Total sales		1,369	1,389
Sales Revenue [Member] \| North America [Member] \| Foot Locker [Member]
Total sales		759	744
Sales Revenue [Member] \| North America [Member] \| Champ Sports [Member]
Total sales		267	328
Sales Revenue [Member] \| North America [Member] \| Kids Foot Locker [Member]
Total sales		183	167
Sales Revenue [Member] \| North America [Member] \| WSS [Member]
Total sales		160	150
Sales Revenue [Member] \| EMEA [Member]
Total sales		394	393
Sales Revenue [Member] \| EMEA [Member] \| Foot Locker [Member]
Total sales	[1]	394	379
Sales Revenue [Member] \| EMEA [Member] \| Sidestep [Member]
Total sales		0	14
Sales Revenue [Member] \| Asia Pacific [Member]
Total sales		111	145
Sales Revenue [Member] \| Asia Pacific [Member] \| Foot Locker [Member]
Total sales		72	98
Sales Revenue [Member] \| Asia Pacific [Member] \| Atmos [Member]
Total sales		$ 39	$ 47

[1]Includes sales from 10 and 15 Kids Foot Locker stores operating in Europe for May 4, 2024 and April 29, 2023, respectively.

Note 2 - Revenue - Activity of

Note 2 - Revenue - Activity of Gift Card Liability Balance (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Gift card liability at beginning of year	$ 29	$ 36
Gift card liability at end of period	23	27
Gift Card Redemption Revenue [Member]
Revenue recognized	(39)	(61)
Gift Card Breakage Revenue [Member]
Revenue recognized	(2)	(4)
Gift Card Activations [Member]
Revenue recognized	$ 35	$ 56

Note 3 - Segment Information (D

Note 3 - Segment Information (Details Textual)	3 Months Ended
Note 3 - Segment Information (Details Textual)	May 04, 2024
Number of Reportable Segments	1

Note 3 - Segment Information -

Note 3 - Segment Information - Sales and Division Operating Results for Reportable Segments (Details) - USD ($) $ in Millions		3 Months Ended
		May 04, 2024	Apr. 29, 2023
Division profit		$ 43	$ 104
Impairment and other	[1]	14	39
Less: Corporate expense (2)	[2]	11	4
Income from operations		18	61
Interest expense, net		(1)	(1)
Other (expense) income, net	[3]	(4)	(3)
Income before income taxes		$ 13	$ 57

[1]See Note 4, Impairment and Other for further detail.[2]Corporate expense consists of unallocated selling, general and administrative expenses, as well as depreciation and amortization related to our corporate headquarters, centrally managed departments, unallocated insurance and benefit programs, certain foreign exchange transaction gains and losses, and other items.[3]See Note 5, Other (Expense) Income, net.

Note 4 - Impairment and Other_2

Note 4 - Impairment and Other (Details Textual) - USD ($) $ in Millions	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Loss Contingency, Loss in Period	$ 7	$ 0
Impairment, Long-Lived Asset, Held-for-Use	$ 7	$ 18

Note 4 - Impairment and Other C

Note 4 - Impairment and Other Charges - Schedule of Impairment and Other Charges (Details) - USD ($) $ in Millions		3 Months Ended
		May 04, 2024	Apr. 29, 2023
Impairment of long-lived assets and right-of-use assets		$ 7	$ 18
Legal claims		7	0
Transformation consulting		0	19
Reorganization costs		0	2
Total impairment and other	[1]	$ 14	$ 39

[1]See Note 4, Impairment and Other for further detail.

Note 5 - Other Income (Expense)

Note 5 - Other Income (Expense), Net - Schedule of Other Income (Expense) (Details) - USD ($) $ in Millions		3 Months Ended
		May 04, 2024	Apr. 29, 2023
Pension and postretirement net benefit expense, excluding service cost		$ (2)	$ (2)
Share of losses related to minority investments		(2)	(1)
Total other (expense) income, net	[1]	$ (4)	$ (3)

[1]See Note 5, Other (Expense) Income, net.

Note 6 - Cash, Cash Equivalen_3

Note 6 - Cash, Cash Equivalents, and Restricted Cash - Reconciliation of Cash and Cash Equivalents (Details) - USD ($) $ in Millions	May 04, 2024	Feb. 03, 2024	[1]	Apr. 29, 2023
Cash and cash equivalents	$ 282	$ 297		$ 313
Restricted cash included in other current assets	4			13
Restricted cash included in other non-current assets	31			33
Cash, cash equivalents, and restricted cash	$ 317			$ 359

[1]The balance sheet at February 3, 2024 has been derived from the previously reported audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended February 3, 2024.

Note 7 - Accumulated Other Co_3

Note 7 - Accumulated Other Comprehensive Loss - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	May 04, 2024	Feb. 03, 2024		Apr. 29, 2023
Foreign currency translation adjustments	$ (192)	$ (173)		$ (155)
Hedge contracts	(3)	(2)		(2)
Unrecognized pension cost and postretirement benefit	(190)	(191)		(239)
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (385)	$ (366)	[1]	$ (396)

[1]The balance sheet at February 3, 2024 has been derived from the previously reported audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended February 3, 2024.

Note 7 - Accumulated Other Co_4

Note 7 - Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions		3 Months Ended
		May 04, 2024	Apr. 29, 2023
Balance	[1]	$ (366)
Amortization of pension actuarial loss, net of tax		1	$ 2
Balance		(385)	$ (396)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance		(173)
OCI before reclassification		(19)
Reclassification of hedges, net of tax		0
Amortization of pension actuarial loss, net of tax		0
Other comprehensive (loss) / income		(19)
Balance		(192)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance		(2)
OCI before reclassification		2
Reclassification of hedges, net of tax		(3)
Amortization of pension actuarial loss, net of tax		0
Other comprehensive (loss) / income		(1)
Balance		(3)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Balance		(191)
OCI before reclassification		0
Reclassification of hedges, net of tax		0
Amortization of pension actuarial loss, net of tax		1
Other comprehensive (loss) / income		1
Balance		(190)
AOCI Attributable to Parent [Member]
Balance		(366)
OCI before reclassification		(17)
Reclassification of hedges, net of tax		(3)
Amortization of pension actuarial loss, net of tax		1
Other comprehensive (loss) / income		(19)
Balance		$ (385)

[1]The balance sheet at February 3, 2024 has been derived from the previously reported audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended February 3, 2024.

Note 7 - Accumulated Other Co_5

Note 7 - Accumulated Other Comprehensive Loss - Reclassifications from Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Income tax	$ 1,000	$ 0
Pension benefits	2,000
Income tax	(1,000)
Amortization of actuarial loss, net of tax	1,000
Total, net of tax	(2,000)
Currency Swap [Member]
Cross-currency swap	(4,000)
Income tax	1,000
Reclassification of hedges, net of tax	$ (3,000)

Note 8 - Fair Value Measureme_3

Note 8 - Fair Value Measurements (Details Textual) - USD ($) $ in Millions	May 04, 2024	Apr. 29, 2023
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$ 5	$ 5

Note 8 - Fair Value Measureme_4

Note 8 - Fair Value Measurements - Schedule of Fair Value Assets and Liabilities (Details) - Fair Value, Recurring [Member] - USD ($) $ in Millions	May 04, 2024	Apr. 29, 2023
Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value	$ 0	$ 0
Liabilities, Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] \| Commitments [Member]
Liabilities, Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] \| Foreign Exchange Forward [Member]
Assets, Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] \| Foreign Exchange Forward [Member] \| Derivative Financial Instruments, Liabilities [Member]
Liabilities, Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] \| Cross Currency Interest Rate Contract [Member]
Assets, Fair Value	0	0
Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value	17	6
Liabilities, Fair Value	0	1
Fair Value, Inputs, Level 2 [Member] \| Commitments [Member]
Liabilities, Fair Value	0	0
Fair Value, Inputs, Level 2 [Member] \| Foreign Exchange Forward [Member]
Assets, Fair Value	2	0
Fair Value, Inputs, Level 2 [Member] \| Foreign Exchange Forward [Member] \| Derivative Financial Instruments, Liabilities [Member]
Liabilities, Fair Value	0	1
Fair Value, Inputs, Level 2 [Member] \| Cross Currency Interest Rate Contract [Member]
Assets, Fair Value	9	0
Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value	0	0
Liabilities, Fair Value	0	4
Fair Value, Inputs, Level 3 [Member] \| Commitments [Member]
Liabilities, Fair Value	0	4
Fair Value, Inputs, Level 3 [Member] \| Foreign Exchange Forward [Member]
Assets, Fair Value	0	0
Fair Value, Inputs, Level 3 [Member] \| Foreign Exchange Forward [Member] \| Derivative Financial Instruments, Liabilities [Member]
Liabilities, Fair Value	0	0
Fair Value, Inputs, Level 3 [Member] \| Cross Currency Interest Rate Contract [Member]
Assets, Fair Value	0	0
Available-for-Sale Securities [Member] \| Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value	0	0
Available-for-Sale Securities [Member] \| Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value	6	6
Available-for-Sale Securities [Member] \| Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value	$ 0	$ 0

Note 8 - Fair Value Measureme_5

Note 8 - Fair Value Measurements - Schedule of Carrying Values and Estimated Fair Values (Details) - USD ($) $ in Millions		May 04, 2024	Apr. 29, 2023
Carrying value (1)	[1]	$ 395	$ 395
Fair value		$ 321	$ 339

[1]The carrying value of debt as of both May 4, 2024 and April 29, 2023, included $5 million of issuer’s discount and costs.

Note 9 - Earnings Per Share (De

Note 9 - Earnings Per Share (Details Textual) - shares shares in Millions	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Performance Shares [Member]
Contingently Issuable Shares Excluded From Diluted Earnings Per Share (in shares)	1.8	0.9

Note 9 - Earnings Per Share - S

Note 9 - Earnings Per Share - Schedule of Weighted Average Number of Shares (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Net income	$ 8	$ 36
Weighted-average shares outstanding (in shares)	94.7	93.7
Dilutive effect of potential common shares (in shares)	0.6	1.4
Weighted-average common shares outstanding assuming dilution (in shares)	95.3	95.1
Basic earnings per share (in dollars per share)	$ 0.09	$ 0.39
Diluted earnings per share (in dollars per share)	$ 0.09	$ 0.38
Share-Based Payment Arrangement, Option [Member]
Anti-dilutive share-based awards excluded from diluted calculation (in shares)	2.6	2.3

Note 10 - Pension - Schedule of

Note 10 - Pension - Schedule of Net Benefit Costs (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Service cost	$ 1	$ 1
Interest cost	5	6
Expected return on plan assets	(5)	(7)
Amortization of net loss	2	3
Net benefit expense	$ 3	$ 3

Note 11 - Share-based Compens_3

Note 11 - Share-based Compensation (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Proceeds from Stock Options Exercised	$ 5,000	$ 4,000
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested in Period, Fair Value	2,000	4,000
Proceeds from Stock Options Exercised	5,000	4,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	2,000
Restricted Stock Units (RSUs) [Member]
Dividends	$ 0
Restricted Stock Units (RSUs) [Member] \| Management [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	3 years
Restricted Stock Units (RSUs) [Member] \| Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	1 year
Performance Shares [Member] \| Current Year Grants [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	3 years
Performance Shares [Member] \| Prior Year Grants [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	1 year
Restricted Stock Units (RSUs) and Performance Stock Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 22,000	$ 21,000
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount	$ 30,000
Two Thousand And Seven Stock Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)	8,263,171
Unvested Options [Member] \| Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	1 year 4 months 24 days

Note 11 - Share-based Compens_4

Note 11 - Share-based Compensation - Schedule of Allocated Share-based Compensation (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Allocated Share Based Compensation	$ 6	$ 2
Allocated Share Based Compensation	1	0
Options and Employee Stock Purchase Plan [Member]
Allocated Share Based Compensation	1	1
Restricted Stock Units (RSUs) and Performance Stock Units [Member]
Allocated Share Based Compensation	$ 5	$ 1

Note 11 - Share-based Compens_5

Note 11 - Share-based Compensation - Schedule of Share-based Compensation (Details) shares in Thousands	3 Months Ended
	May 04, 2024 $ / shares shares
Balance, options outstanding (in shares) \| shares	2,738
Balance, options outstanding, weighted average exercise price (in dollars per share) \| $ / shares	$ 48.23
Exercised (in shares) \| shares	(239)
Exercised, weighted average exercise price (in dollars per share) \| $ / shares	$ 21.6
Expired or cancelled (in shares) \| shares	(259)
Expired or cancelled, weighted average exercise price (in dollars per share) \| $ / shares	$ 53.85
Balance, options outstanding (in shares) \| shares	2,240
Options Outstanding Weighted Average Remaining (Year)	3 years 6 months
Balance, options outstanding, weighted average exercise price (in dollars per share) \| $ / shares	$ 50.41
Balance, options exercisable (in shares) \| shares	1,926
Options, Exercisable, Weighted Average Remaining (Year)	2 years 8 months 12 days
Award Options Exercisable Weighted Average Exercise Price (in dollars per share) \| $ / shares	$ 52.6

Note 11 - Share-based Compens_6

Note 11 - Share-based Compensation - Schedule of Share-based Payment Award Options Grants in Period Grant Date Intrinsic Value (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Exercised	$ 3	$ 3

Note 11 - Share-based Compens_7

Note 11 - Share-based Compensation - Intrinsic Value of Options Outstanding and Exercisable (Details) - USD ($) $ in Millions	May 04, 2024	Apr. 29, 2023
Outstanding	$ 0	$ 15
Outstanding and exercisable	$ 0	$ 13

Note 11 - Share-based Compens_8

Note 11 - Share-based Compensation - Schedule Of Share-based Compensation Shares Authorized Under Stock Option Plans By Exercise Price Range (Details) - $ / shares shares in Thousands	3 Months Ended
	May 04, 2024	Feb. 03, 2024
Options outstanding (in shares)	2,240	2,738
Options Outstanding Weighted Average Remaining (Year)	3 years 6 months
Weighted average exercise price (in dollars per share)	$ 50.41	$ 48.23
Balance, options exercisable (in shares)	1,926
Award Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 52.6
Range One [Member]
Exercise prices, lower limit (in dollars per share)	21.6
Exercise prices, upper limit (in dollars per share)	$ 30.98
Options outstanding (in shares)	447
Options Outstanding Weighted Average Remaining (Year)	4 years 9 months 18 days
Weighted average exercise price (in dollars per share)	$ 26.49
Balance, options exercisable (in shares)	381
Award Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 26.14
Range Two [Member]
Exercise prices, lower limit (in dollars per share)	36.49
Exercise prices, upper limit (in dollars per share)	$ 46.64
Options outstanding (in shares)	541
Options Outstanding Weighted Average Remaining (Year)	6 years 3 months 18 days
Weighted average exercise price (in dollars per share)	$ 40.83
Balance, options exercisable (in shares)	293
Award Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 42.21
Range Three [Member]
Exercise prices, lower limit (in dollars per share)	53.61
Exercise prices, upper limit (in dollars per share)	$ 58.94
Options outstanding (in shares)	383
Options Outstanding Weighted Average Remaining (Year)	2 years 4 months 24 days
Weighted average exercise price (in dollars per share)	$ 56.47
Balance, options exercisable (in shares)	383
Award Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 56.47
Range Four [Member]
Exercise prices, lower limit (in dollars per share)	62.02
Exercise prices, upper limit (in dollars per share)	$ 72.83
Options outstanding (in shares)	869
Options Outstanding Weighted Average Remaining (Year)	1 year 7 months 6 days
Weighted average exercise price (in dollars per share)	$ 65.98
Balance, options exercisable (in shares)	869
Award Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 65.98

Note 11 - Share-based Compens_9

Note 11 - Share-based Compensation - Schedule of Share-based Compensation Restricted Stock and Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs) and Performance Stock Units [Member] $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	May 04, 2024 USD ($) $ / shares shares
Beginning balance, nonvested units (in shares) \| shares	1,378
Beginning balance, weighted-average grant fair value (in dollars per share) \| $ / shares	$ 38.81
Granted, units (in shares) \| shares	1,346
Granted, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 29.16
Vested, units (in shares) \| shares	(417)
Vested, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 52.23
Forfeited, units (in shares) \| shares	(10)
Forfeited, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 37.66
Ending balance, nonvested units (in shares) \| shares	2,297
Weighted average remaining contractual term, units (Year)	1 year 10 months 24 days
Ending balance, weighted-average grant fair value (in dollars per share) \| $ / shares	$ 30.72
Aggregate value, units \| $	$ 71