Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
3 Months Ended
May 02, 2020
Feb. 01, 2020
May 04, 2019
Current assets:      
Cash in banks and in transit $ 62 $ 108 $ 160
Cash short-term investments 636 278 11
Cash and cash equivalents 698 386 171
Merchandise inventory 2,221 2,166 2,477
Prepaid expenses and other 272 174 287
Total current assets 3,191 2,726 2,935
Property and equipment (net of accumulated depreciation of $3,639, $3,339 and $3,095) 3,344 3,488 3,669
Operating lease assets 934 998 917
Prepaid pension 138 120 156
Other assets 616 657 665
Total Assets 8,223 7,989 8,342
Current liabilities:      
Merchandise accounts payable 579 786 842
Other accounts payable and accrued expenses 829 931 925
Current operating lease liabilities 84 67 84
Current portion of finance leases and note payable 0 1 2
Current portion of long-term debt 4,884 147 92
Total current liabilities 6,376 1,932 1,945
Operating Lease, Liability, Noncurrent 1,086 1,108 1,082
Long-term debt 0 3,574 3,826
Deferred taxes 48 116 119
Other liabilities 365 430 336
Total Liabilities 7,875 7,160 7,308
Stockholders’ Equity      
Common stock [1] 161 160 158
Additional paid-in capital 4,725 4,723 4,715
Reinvested earnings/(accumulated deficit) (4,215) (3,667) (3,553)
Accumulated other comprehensive income/(loss) (323) (387) (286)
Total Stockholders’ Equity 348 829 1,034
Total Liabilities and Stockholders’ Equity $ 8,223 $ 7,989 $ 8,342
Document Period End Date May 02, 2020    
[1] 1.25 billion shares of common stock are authorized with a par value of $0.50 per share. The total shares issued and outstanding were 321.9 million, 316.8 million and 320.5 million as of May 2, 2020, May 4, 2019, and February 1, 2020, respectively.