0001437749-23-016867 | 10-Q | XBRL Viewer

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Note 7 - Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss (Details) $ in Millions	3 Months Ended
	Apr. 29, 2023 USD ($)
Balance	$ (392)
OCI before reclassification	(4)
Reclassification of hedges, net of tax	(2)
Amortization of pension actuarial loss, net of tax	2
Other comprehensive income	(4)
Balance	(396)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(148)
OCI before reclassification	(7)
Reclassification of hedges, net of tax	0
Amortization of pension actuarial loss, net of tax	0
Other comprehensive income	(7)
Balance	(155)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance	(3)
OCI before reclassification	3
Reclassification of hedges, net of tax	(2)
Amortization of pension actuarial loss, net of tax	0
Other comprehensive income	1
Balance	(2)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Balance	(241)
OCI before reclassification	0
Reclassification of hedges, net of tax	0
Amortization of pension actuarial loss, net of tax	2
Other comprehensive income	2
Balance	$ (239)

- Definition

Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.

+ References + Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

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+ Details

Note 6 - Cash, Cash Equivalents, and Restricted Cash

3 Months Ended

Apr. 29, 2023

Notes to Financial Statements

Cash and Cash Equivalents Disclosure [Text Block]

6. Cash, Cash Equivalents, and Restricted Cash

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.

	*April 29,*		*April 30,*
($ in millions)	*2023*		*2022*
Cash and cash equivalents	$	313	$	551
Restricted cash included in other current assets		13		8
Restricted cash included in other non-current assets		33		36
Cash, cash equivalents, and restricted cash	$	359	$	595

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.

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
From operating activities:
Net income	$ 36	$ 132
Adjustments to reconcile net income to net cash from operating activities:
Non-cash impairment and other	18	3
Fair value adjustments to minority investments	0	25
Depreciation and amortization	51	54
Deferred income taxes	(4)	3
Share-based compensation expense	2	7
Change in assets and liabilities:
Merchandise inventories	(117)	(150)
Accounts payable	(16)	(25)
Accrued and other liabilities	(87)	(80)
Other, net	(1)	10
Net cash used in operating activities	(118)	(21)
From investing activities:
Capital expenditures	(59)	(95)
Purchase of business, net of cash acquired	0	(7)
Minority investments	0	(3)
Net cash used in investing activities	(59)	(105)
From financing activities:
Dividends paid on common stock	(38)	(38)
Purchase of treasury shares	0	(89)
Payment of obligations under finance leases	(2)	(2)
Shares of common stock repurchased to satisfy tax withholding obligations	(10)	(1)
Proceeds from exercise of stock options	4	2
Net cash used in financing activities	(46)	(128)
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash	0	(1)
Net change in cash, cash equivalents, and restricted cash	(223)	(255)
Cash, cash equivalents, and restricted cash at beginning of year	582	850
Cash, cash equivalents, and restricted cash at end of period	359	595
Supplemental information:
Interest paid	8	8
Income taxes paid	23	18
Cash paid for amounts included in measurement of operating lease liabilities	170	174
Cash paid for amounts included in measurement of finance lease liabilities	2	2
Right-of-use assets obtained in exchange for operating lease obligations	$ 34	$ 138

Note 12 - Legal Proceedings

3 Months Ended

Apr. 29, 2023

Notes to Financial Statements

Legal Matters and Contingencies [Text Block]

12. Legal Proceedings

Legal proceedings pending against the Company or its consolidated subsidiaries consist of ordinary, routine litigation, 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. Additionally, the Company is a defendant in two purported class actions alleging wage/hour and wage statement violations in California.

We do not believe that the outcome of any such legal proceedings pending against the Company or its consolidated subsidiaries, as described above, would have a material adverse effect on our consolidated financial position, liquidity, or results of operations, taken as a whole, based upon current knowledge and taking into consideration current accruals. Litigation is inherently unpredictable. Judgments could be rendered or settlements made that could adversely affect the Company’s operating results or cash flows in a particular period.

Note 5 - Other Income (Expense), Net (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Pension and postretirement net benefit expense, excluding service cost	$ (2)	$ 0
Share of losses related to minority investments	(1)	0
Minority investment in Retailors, Ltd.	0	(25)
Total other income / (expense), net	$ (3)	$ (25)

Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Common stock, dividends, per share, declared (in dollars per share)	$ 0.40	$ 0.40

Note 8 - Fair Value Measurements (Details Textual) - USD ($) $ in Millions	Apr. 29, 2023	Apr. 30, 2022
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$ 5	$ 6

Note 3 - Segment Information

3 Months Ended

Apr. 29, 2023

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

3. Segment Information

Foot Locker operates one reportable segment. Division profit reflects income before income taxes, impairment and other, corporate expense, other income / (expense), net, and net interest expense.

	*Thirteen weeks ended*
	*April 29,*			*April 30,*
($ in millions)	*2023*			*2022*
Division profit	$	104		$	263
Less: Impairment and other ⁽¹⁾		39			6
Less: Corporate expense ⁽²⁾		4			37
Income from operations		61			220
Interest expense, net		(1	)		(5	)
Other income / (expense), net ⁽³⁾		(3	)		(25	)
Income before income taxes	$	57		$	190

⁽¹⁾	See Note 4, Impairment and Other Charges 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 Income / (Expense), net.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Note 8 - Fair Value Measurements - Schedule of Carrying Values and Estimated Fair Values (Details) - USD ($)
$ in Millions

Apr. 29, 2023

Apr. 30, 2022

Carrying value (1)

^[1]

$ 395

$ 394

Fair value

$ 339

$ 332

[1]	The carrying value of debt as of April 29, 2023 and April 30, 2022 included $5 million and $6 million of issuer’s discount and costs, respectively.

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Net income tax benefit on translation adjustment	$ 0	$ (1,000)
Change in fair value of derivatives, tax adjustments	0	0
Amortization of net actuarial gain/loss, tax adjustments	$ 1,000	$ 1,000

Note 4 - Impairment and Other Charges (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Transformation Consulting Costs	$ 19	$ 0
Impairment, Long-Lived Asset, Held-for-Use	18	3
Restructuring Costs	$ 2	$ 0

Note 6 - Cash, Cash Equivalents, and Restricted Cash (Tables)

3 Months Ended

Apr. 29, 2023

Notes Tables

Schedule of Cash and Cash Equivalents [Table Text Block]

	*April 29,*		*April 30,*
($ in millions)	*2023*		*2022*
Cash and cash equivalents	$	313	$	551
Restricted cash included in other current assets		13		8
Restricted cash included in other non-current assets		33		36
Cash, cash equivalents, and restricted cash	$	359	$	595

Note 4 - Impairment and Other Charges (Tables)

3 Months Ended

Apr. 29, 2023

Notes Tables

Schedule of Litigation Impairment and Other Charges [Table Text Block]

	*Thirteen weeks ended*
	*April 29,*		*April 30,*
($ in millions)	*2023*		*2022*
Transformation consulting	$	19	$	—
Impairment of long-lived assets and right-of-use assets		18		3
Reorganization costs		2		—
Acquisition and integration costs		—		2
Other		—		1
Total impairment and other	$	39	$	6

Note 2 - Revenue - Sales by Banner (Details) - USD ($)
$ in Millions

3 Months Ended

Apr. 29, 2023

Apr. 30, 2022

Total sales

$ 1,931

$ 2,178

Sales Revenue [Member]

Total sales

1,927

2,175

North America [Member] | Sales Revenue [Member]

Total sales

1,389

1,632

North America [Member] | Foot Locker [Member] | Sales Revenue [Member]

Total sales

744

807

North America [Member] | Champ Sports [Member] | Sales Revenue [Member]

Total sales

328

454

North America [Member] | Kids Foot Locker [Member] | Sales Revenue [Member]

Total sales

167

180

North America [Member] | WSS [Member] | Sales Revenue [Member]

Total sales

150

138

North America [Member] | Other Segment [Member] | Sales Revenue [Member]

Total sales

^[1]

EMEA [Member] | Sales Revenue [Member]

Total sales

393

401

EMEA [Member] | Foot Locker [Member] | Sales Revenue [Member]

Total sales

379

377

EMEA [Member] | Sidestep [Member] | Sales Revenue [Member]

Total sales

Asia Pacific [Member] | Sales Revenue [Member]

Total sales

145

142

Asia Pacific [Member] | Foot Locker [Member] | Sales Revenue [Member]

Total sales

Asia Pacific [Member] | Atmos [Member] | Sales Revenue [Member]

Total sales

$ 47

$ 49

[1]	Other includes sales from banners that we no longer operate and primarily represented Eastbay in the prior-year period.

Note 8 - Fair Value Measurements

3 Months Ended

Apr. 29, 2023

Notes to Financial Statements

Fair Value Disclosures [Text Block]

8. Fair Value Measurements

Our financial assets and liabilities are recorded at fair value, using a three-level fair value hierarchy that prioritizes the inputs used to measure fair value.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

($ in millions)	*As of April 29, 2023*						*As of April 30, 2022*
	*Level 1*		*Level 2*		*Level 3*		*Level 1*		*Level 2*		*Level 3*
Assets
Minority investment in common stock	$	—	$	—	$	—	$	120	$	—	$	—
Available-for-sale security		—		6		—		—		6		—
Foreign exchange forward contracts		—		—		—		—		2		—
Total assets	$	—	$	6	$	—	$	120	$	8	$	—
Liabilities
Contingent consideration	$	—	$	—	$	4	$	—	$	—	$	35
Foreign exchange forward contracts		—		1		—		—		—		—
Total liabilities	$	—	$	1	$	4	$	—	$	—	$	35

There were no transfers into or out of Level 1, Level 2, or Level 3 assets and liabilities for any of the periods presented.

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. The carrying value and estimated fair value of long-term debt were as follows:

($ in millions)	*April 29, 2023*		*April 30, 2022*
Carrying value ⁽¹⁾	$	395	$	394
Fair value	$	339	$	332

⁽¹⁾	The carrying value of debt as of April 29, 2023 and April 30, 2022 included $5 million and $6 million of issuer’s discount and costs, respectively.

The carrying values of cash and cash equivalents, and other current receivables and payables approximate their fair value.

https://cdn.kscope.io/7fa0c1d78f52820d3a41f1da73828b28-a1.jpg

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Apr. 29, 2023	May 26, 2023
Document Information [Line Items]
Entity Central Index Key	0000850209
Entity Registrant Name	Foot Locker, Inc.
Amendment Flag	false
Current Fiscal Year End Date	--01-28
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 29, 2023
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		93,923,900

Condensed Consolidated Balance Sheets ( Current Period Unaudited) - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Current assets:
Cash and cash equivalents	$ 313	$ 536	$ 551
Merchandise inventories	1,758	1,643	1,401
Other current assets	326	342	281
Assets, Current	2,397	2,521	2,233
Property and equipment, net	901	920	899
Operating lease right-of-use assets	2,331	2,443	2,566
Deferred taxes	94	90	79
Goodwill	781	785	783
Other intangible assets, net	421	426	441
Minority investments	629	630	759
Other assets	89	92	118
Assets	7,643	7,907	7,878
Current liabilities:
Accounts payable	474	492	565
Accrued and other liabilities	447	568	428
Current portion of debt and obligations under finance leases	6	6	6
Current portion of lease obligations	533	544	557
Liabilities, Current	1,460	1,610	1,556
Long-term debt and obligations under finance leases	445	446	450
Long-term lease obligations	2,132	2,230	2,323
Other liabilities	323	328	334
Total liabilities	4,360	4,614	4,663
Commitments and contingencies
Shareholders’ equity:
Common stock and paid-in capital: 94,175,714; 99,233,112; and 93,396,901 shares issued, respectively	766	760	779
Retained earnings	2,923	2,925	2,995
Accumulated other comprehensive loss	(396)	(392)	(384)
Less: Treasury stock at cost: 260,870; 4,731,931; and 1,489 shares, respectively	(10)	0	(178)
Noncontrolling interest	0	0	3
Total shareholders' equity	3,283	3,293	3,215
Liabilities and Equity	$ 7,643	$ 7,907	$ 7,878

Note 5 - Other Income (Expense), Net

3 Months Ended

Apr. 29, 2023

Notes to Financial Statements

Other Income and Other Expense Disclosure [Text Block]

5. Other Income / (Expense), net

	*Thirteen weeks ended*
	*April 29,*			*April 30,*
($ in millions)	*2023*			*2022*
Pension and postretirement net benefit expense, excluding service cost	$	(2	)	$	—
Share of losses related to minority investments		(1	)		—
Minority investment in Retailors, Ltd.		—			(25	)
Total other income / (expense), net	$	(3	)	$	(25	)

Note 10 - Pension

3 Months Ended

Apr. 29, 2023

Notes to Financial Statements

Retirement Benefits [Text Block]

10. Pension

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 income / (expense), net.

	*Thirteen weeks ended*
	*April 29,*			*April 30,*
($ in millions)	*2023*			*2022*
Service cost	$	1		$	4
Interest cost		6			5
Expected return on plan assets		(7	)		(8	)
Amortization of net loss		3			2
Net benefit expense	$	3		$	3

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-URI https://asc.fasb.org//1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
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-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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-Paragraph 1
-Subparagraph (d)(iv)(03)
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-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
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-URI https://asc.fasb.org//715/tableOfContent

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-Topic 715
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
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-Topic 715
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480266/715-60-50-3

+ Details

Note 11 - Share-Based Compensation - Intrinsic Value of Options Outstanding and Exercisable (Details) - USD ($) $ in Millions	Apr. 29, 2023	Apr. 30, 2022
Outstanding	$ 15	$ 6
Outstanding and exercisable	$ 13	$ 4

Note 2 - Revenue - Schedule of Sales Disaggregated by Geographic Area (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Total revenue	$ 1,931	$ 2,178
UNITED STATES
Total revenue	1,287	1,544
Non-US [Member]
Total revenue	$ 644	$ 634

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479941/924-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Section 50
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-Subparagraph (a)
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-Topic 280
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-Topic 280
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-Section 50
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-Topic 280
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-Topic 280
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-Topic 280
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

+ Details

Note 6 - Cash, Cash Equivalents, and Restricted Cash - Reconciliation of Cash and Cash Equivalents (Details) - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022	Jan. 29, 2022
Cash and cash equivalents	$ 313	$ 536	$ 551
Restricted cash included in other current assets	13		8
Restricted cash included in other non-current assets	33		36
Cash, cash equivalents, and restricted cash	$ 359	$ 582	$ 595	$ 850

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]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Jan. 29, 2022	99,071	(2,050)
Balance at Jan. 29, 2022	$ 770	$ (88)	$ 2,900	$ (343)	$ 4	$ 3,243
Restricted stock issued (in shares)	88
Restricted stock issued						0
Issued under director and stock plans (in shares)	74
Issued under director and stock plans	$ 2					2
Share-based compensation expense	$ 7					7
Shares of common stock used to satisfy tax withholding obligations (in shares)		(32)
Shares of common stock used to satisfy tax withholding obligations		$ (1)				(1)
Net income			133		(1)	132
Cash dividends on common stock			(38)			(38)
Translation adjustment arising during the period, net of income tax (benefit)/expense of $- and $(1), respectively				(44)		(44)
Change in fair value of derivatives, net of income tax benefit of $-, and $-, respectively				1		1
Pension and postretirement adjustments, net of tax				2		2
Balance (in shares) at Apr. 30, 2022	99,233	(4,732)
Balance at Apr. 30, 2022	$ 779	$ (178)	2,995	(384)	3	3,215
Share repurchases (in shares)		(2,650)
Share repurchases		$ (89)				(89)
Balance (in shares) at Jan. 28, 2023	93,397	(1)
Balance at Jan. 28, 2023	$ 760	$ 0	2,925	(392)	0	3,293
Restricted stock issued (in shares)	628
Restricted stock issued						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
Cash dividends on common stock			(38)			(38)
Translation adjustment arising during the period, net of income tax (benefit)/expense of $- and $(1), respectively				(7)		(7)
Change in fair value of derivatives, net of income tax benefit of $-, and $-, respectively						1
Pension and postretirement adjustments, net of tax				2		2
Balance (in shares) at Apr. 29, 2023	94,176	(261)
Balance at Apr. 29, 2023	$ 766	$ (10)	$ 2,923	$ (396)	$ 0	$ 3,283

Note 2 - Revenue - Schedule of Sales Disaggregated by Sales Channel (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Total revenue	$ 1,931	$ 2,178
Sales Revenue [Member]
Total revenue	1,927	2,175
Licensing Revenue [Member]
Total revenue	4	3
Store Sales Channel [Member]
Total revenue	1,613	1,776
Direct to Customers Sales Channel [Member]
Total revenue	$ 314	$ 399

- Definition

+ References

+ Details

Note 2 - Revenue

3 Months Ended

Apr. 29, 2023

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

2. Revenue

The table below presents sales disaggregated by sales channel, as well as licensing revenue earned from our various franchised arrangements. Sales are attributable to the channel in which the sales transaction is initiated.

	*Thirteen weeks ended*
	*April 29,*		*April 30,*
($ in millions)	*2023*		*2022*
Sales by Channel
Stores	$	1,613	$	1,776
Direct-to-customers		314		399
Total sales		1,927		2,175
Licensing revenue		4		3
Total revenue	$	1,931	$	2,178

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

2. Revenue (continued)

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*
	*April 29,*		*April 30,*
($ in millions)	*2023*		*2022*
Revenue by Geography
United States	$	1,287	$	1,544
International		644		634
Total revenue	$	1,931	$	2,178

Sales by banner and operating segment are presented in the following table.

	*Thirteen weeks ended*
	*April 29,*		*April 30,*
($ in millions)	*2023*		*2022*
Foot Locker	$	744	$	807
Champs Sports		328		454
Kids Foot Locker		167		180
WSS		150		138
Other ⁽¹⁾		—		53
North America		1,389		1,632
Foot Locker		379		377
Sidestep		14		24
EMEA		393		401
Foot Locker		98		93
atmos		47		49
Asia Pacific		145		142
Total sales	$	1,927	$	2,175

⁽¹⁾	Other includes sales from banners that we no longer operate and primarily represented Eastbay in the prior-year period.

Contract Liabilities

We sell gift cards, which do not have expiration dates. Revenue from gift card sales is recorded when the gift cards are redeemed by customers. Breakage income is recognized as revenue in proportion to the pattern of rights exercised by the customer. The table below presents the activity of our gift card liability balance.

	*April 29,*			*April 30,*
($ in millions)	*2023*			*2022*
Gift card liability at beginning of year	$	36		$	46
Redemptions		(61	)		(65	)
Breakage recognized in sales		(4	)		(4	)
Activations		56			60
Gift card liability	$	27		$	37

We elected not to disclose the information about remaining performance obligations since the amount of gift cards redeemed after 12 months is not significant.

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Section 50
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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions

3 Months Ended

Apr. 29, 2023

Apr. 30, 2022

Total revenue

$ 1,931

$ 2,178

Cost of sales

1,349

1,435

Selling, general and administrative expenses

431

463

Depreciation and amortization

Impairment and other

Income from operations

220

Interest expense, net

(1)

(5)

Other income / (expense), net

^[1]

(3)

(25)

Income before income taxes

190

Income tax expense

Net income

132

Net loss attributable to noncontrolling interests

Net income attributable to Foot Locker, Inc.

$ 36

$ 133

Basic earnings per share (in dollars per share)

$ 0.39

$ 1.38

Weighted-average shares outstanding (in shares)

93.7

96.1

Diluted earnings per share (in dollars per share)

$ 0.38

$ 1.37

Weighted-average shares outstanding, assuming dilution (in shares)

95.1

97.2

Sales Revenue [Member]

Total revenue

$ 1,927

$ 2,175

License [Member]

Total revenue

$ 4

$ 3

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

Note 11 - Share-Based Compensation - Schedule of Share-Based Compensation (Details)
shares in Thousands

3 Months Ended

Apr. 29, 2023

$ / shares

Balance, options outstanding (in shares)

3,256

Balance, options outstanding, weighted average exercise price (in dollars per share) | $ / shares

$ 47.85

Granted (in shares)

294

Granted, weighted average exercise price (in dollars per share) | $ / shares

$ 39.08

Exercised (in shares)

(151)

Exercised, weighted average exercise price (in dollars per share) | $ / shares

$ 24.60

Expired or cancelled (in shares)

(148)

Expired or cancelled, weighted average exercise price (in dollars per share) | $ / shares

$ 36.71

Balance, options outstanding (in shares)

3,251

Options Outstanding Weighted Average Remaining (Year)

3 years 9 months 18 days

Balance, options outstanding, weighted average exercise price (in dollars per share) | $ / shares

$ 48.64

Balance, options exercisable (in shares)

2,783

Options, Exercisable, Weighted Average Remaining (Year)

2 years 10 months 24 days

Award Options Exercisable Weighted Average Exercise Price (in dollars per share) | $ / shares

$ 50.48

2007 Stock Incentive Plan [Member]

Shares available for future grant (in shares)

888

Employment Inducement Plan [Member]

Shares available for future grant (in shares)

409

^[1]

[1]

On August 24, 2022, the Company granted options and other awards to its new President and Chief Executive Officer, Mary N. Dillon. These awards were granted outside of the 2007 Stock Incentive Plan as employment inducement awards and do not require shareholder approval under the rules of the New York Stock Exchange or otherwise. Shares available for future grant under this plan are reserved for the sole purpose to issue shares pursuant to her employment inducement awards.

Note 3 - Segment Information - Sales and Division Operating Results for Reportable Segments (Details) - USD ($)
$ in Millions

3 Months Ended

Apr. 29, 2023

Apr. 30, 2022

Division profit

$ 104

$ 263

Less: Impairment and other (1)

^[1]

Less: Corporate expense (2)

^[2]

Income from operations

220

Interest expense, net

(1)

(5)

Other income / (expense), net (3)

^[3]

(3)

(25)

Income before income taxes

$ 57

$ 190

[1]	See Note 4, Impairment and Other Charges 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 Income / (Expense), net.

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(11))
-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Topic 280
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
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-URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 940
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Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
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-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-Publisher FASB
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

Note 11 - Share-Based Compensation - Schedule of Share-Based Compensation Restricted Stock and Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs) [Member]
$ / shares in Units, shares in Thousands, $ in Millions

3 Months Ended

Apr. 29, 2023

USD ($)

$ / shares

Balance, Nonvested units (in shares)

1,992

Balance, Weighted-Average Grant Fair Value (in dollars per share) | $ / shares

$ 37.58

Granted (in shares)

741

Granted (in dollars per share) | $ / shares

$ 39.69

Vested (in shares)

(628)

Vested (in dollars per share) | $ / shares

$ 34.12

Performance adjustment (1) (in shares)

(600)

^[1]

Forfeited (in shares)

(99)

Forfeited (in dollars per share) | $ / shares

$ 39.79

Balance, Nonvested units (in shares)

1,406

Weighted Average Remaining Contractual Term (Year)

1 year 9 months 18 days

Balance, Weighted-Average Grant Fair Value (in dollars per share) | $ / shares

$ 40.80

Aggregate value ($ in millions) | $

$ 57

[1]	This represents adjustments made to PSUs reflecting changes in estimates based upon our current performance against predefined financial targets.

Note 5 - Other Income (Expense), Net (Tables)

3 Months Ended

Apr. 29, 2023

Notes Tables

Schedule of Other Operating Cost and Expense, by Component [Table Text Block]

	*Thirteen weeks ended*
	*April 29,*			*April 30,*
($ in millions)	*2023*			*2022*
Pension and postretirement net benefit expense, excluding service cost	$	(2	)	$	—
Share of losses related to minority investments		(1	)		—
Minority investment in Retailors, Ltd.		—			(25	)
Total other income / (expense), net	$	(3	)	$	(25	)

Note 11 - Share-Based Compensation (Tables)

3 Months Ended

Apr. 29, 2023

Notes Tables

Share-Based Payment Arrangement, Cost by Plan [Table Text Block]

	*Thirteen weeks ended*
	*April 29,*		*April 30,*
($ in millions)	*2023*		*2022*
Options and employee stock purchase plan	$	1	$	1
Restricted stock units and performance stock units		1		6
Total share-based compensation expense	$	2	$	7

Tax benefit recognized	$	—	$	1

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	*Stock Option Plans*						*Stock Purchase Plan*
	*April 29,*			*April 30,*			*April 29,*			*April 30,*
	*2023*			*2022*			*2023*			*2022*
Weighted-average risk free rate of interest		3.5	%		2.3	%		2.2	%		0.1	%
Expected volatility		49	%		50	%		40	%		40	%
Weighted-average expected award life (in years)		5.4			5.5			1.0			1.0
Dividend yield		3.6	%		3.9	%		3.7	%		1.8	%
Weighted-average fair value	$	14.09		$	10.42		$	7.16		$	29.46

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		3,256				$	47.85
Granted		294					39.08
Exercised		(151	)				24.60
Expired or cancelled		(148	)				36.71
Options outstanding at April 29, 2023		3,251			3.8	$	48.64
Options exercisable at April 29, 2023		2,783			2.9	$	50.48
Shares available for future grant at April 29, 2023 under the 2007 Stock Incentive Plan		888
Shares available for future grant at April 29, 2023 under the employment inducement award plan ⁽¹⁾		409

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*
	*April 29,*		*April 30,*
($ in millions)	*2023*		*2022*
Exercised	$	3	$	—

Schedule of Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Intrinsic Value of Options Outstanding and Exercisable [Table Text Block]

	*Thirteen weeks ended*
	*April 29,*		*April 30,*
($ in millions)	*2023*		*2022*
Outstanding	$	15	$	6
Outstanding and exercisable	$	13	$	4

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 - $36.51		855		5.2	$	25.40		708	$	23.82
$38.94 - $48.98		743		5.2		42.58		439		45.00
$53.61 - $58.94		482		3.3		56.73		465		56.84
$62.02 - $72.83		1,171		2.1		66.14		1,171		66.14
		3,251		3.8	$	48.64		2,783	$	50.48

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		1,992				$	37.58
Granted		741					39.69
Vested		(628	)				34.12
Performance adjustment ⁽¹⁾		(600	)
Forfeited		(99	)				39.79
Nonvested at April 29, 2023		1,406			1.8	$	40.80

Aggregate value ($ in millions)	$	57

Note 11 - Share-Based Compensation

3 Months Ended

Apr. 29, 2023

Notes to Financial Statements

Share-Based Payment Arrangement [Text Block]

11. Share-Based Compensation

Total compensation expense, included in SG&A, and the associated tax benefits recognized related to our share-based compensation plans, were as follows:

	*Thirteen weeks ended*
	*April 29,*		*April 30,*
($ in millions)	*2023*		*2022*
Options and employee stock purchase plan	$	1	$	1
Restricted stock units and performance stock units		1		6
Total share-based compensation expense	$	2	$	7

Tax benefit recognized	$	—	$	1

Valuation Model and Assumptions

We use the Black-Scholes option-pricing model to estimate the fair value of options and the stock purchase plan. The Black-Scholes option-pricing model incorporates various and subjective assumptions, including expected term and expected volatility.

The table below shows assumptions used to compute share-based compensation expense for awards granted during the thirteen weeks ended April 29, 2023 and April 30, 2022.

	*Stock Option Plans*						*Stock Purchase Plan*
	*April 29,*			*April 30,*			*April 29,*			*April 30,*
	*2023*			*2022*			*2023*			*2022*
Weighted-average risk free rate of interest		3.5	%		2.3	%		2.2	%		0.1	%
Expected volatility		49	%		50	%		40	%		40	%
Weighted-average expected award life (in years)		5.4			5.5			1.0			1.0
Dividend yield		3.6	%		3.9	%		3.7	%		1.8	%
Weighted-average fair value	$	14.09		$	10.42		$	7.16		$	29.46

The information in the table below provides activity under our stock option plans for the thirteen weeks ended April 29, 2023.

				*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		3,256				$	47.85
Granted		294					39.08
Exercised		(151	)				24.60
Expired or cancelled		(148	)				36.71
Options outstanding at April 29, 2023		3,251			3.8	$	48.64
Options exercisable at April 29, 2023		2,783			2.9	$	50.48
Shares available for future grant at April 29, 2023 under the 2007 Stock Incentive Plan		888
Shares available for future grant at April 29, 2023 under the employment inducement award plan ⁽¹⁾		409

⁽¹⁾

On August 24, 2022, the Company granted options and other awards to its new President and Chief Executive Officer, Mary N. Dillon. These awards were granted outside of the 2007 Stock Incentive Plan as employment inducement awards and do not require shareholder approval under the rules of the New York Stock Exchange or otherwise. Shares available for future grant under this plan are reserved for the sole purpose to issue shares pursuant to her employment inducement awards.

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

11. Share-Based Compensation (continued)

The total fair value of options vested thirteen weeks ended April 29, 2023 and April 30, 2022 was $4 million for both periods. The cash received from option exercises during the thirteen weeks ended April 29, 2023 was $4 million, and the related tax benefits realized from option exercises were not significant. The cash received from option exercises during the thirteen weeks ended April 30, 2022 was $2 million, and the related tax benefits realized from option exercises were not significant.

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*
	*April 29,*		*April 30,*
($ in millions)	*2023*		*2022*
Exercised	$	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:

	*Thirteen weeks ended*
	*April 29,*		*April 30,*
($ in millions)	*2023*		*2022*
Outstanding	$	15	$	6
Outstanding and exercisable	$	13	$	4

As of April 29, 2023, there was $5 million of total unrecognized compensation cost related to nonvested stock options which is expected to be recognized over a remaining weighted-average period of 1.8 years.

The table below summarizes information about stock options outstanding and exercisable at April 29, 2023

	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 - $36.51		855		5.2	$	25.40		708	$	23.82
$38.94 - $48.98		743		5.2		42.58		439		45.00
$53.61 - $58.94		482		3.3		56.73		465		56.84
$62.02 - $72.83		1,171		2.1		66.14		1,171		66.14
		3,251		3.8	$	48.64		2,783	$	50.48

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 officers and certain key employees in connection with our long-term incentive program. Each RSU and PSU represents the right to receive one share of our common stock provided that the applicable performance and vesting conditions are satisfied. PSU awards granted in 2022 and 2023 also include a performance objective based on our relative total shareholder return over the performance period to a pre-determined peer group, assuming the reinvestment of dividends. The fair value of these awards is determined using a Monte Carlo simulation as of the date of the grant and share-based compensation expense will not be adjusted should the target awards vary from actual awards.

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

11. Share-Based Compensation (continued)

Generally, RSU awards fully vest after the passage of time, typically three years for employees and one year for nonemployee directors, provided there is continued service with the Company until the vesting date, subject to the terms of the award. PSU awards are earned only after the attainment of performance goals in connection with the relevant performance period and vest after an additional one-year period. No dividends are paid or accumulated on any RSU or PSU awards. Compensation expense is recognized over the vesting period.

RSU and PSU activity for the thirteen weeks ended April 29, 2023 is summarized as follows:

				*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		1,992				$	37.58
Granted		741					39.69
Vested		(628	)				34.12
Performance adjustment ⁽¹⁾		(600	)
Forfeited		(99	)				39.79
Nonvested at April 29, 2023		1,406			1.8	$	40.80

Aggregate value ($ in millions)	$	57

⁽¹⁾	This represents adjustments made to PSUs reflecting changes in estimates based upon our current performance against predefined financial targets.

The total value of RSU and PSU awards that vested during the thirteen weeks ended April 29, 2023 and April 30, 2022 was $21 million and $5 million, respectively. As of April 29, 2023, there was $35 million of total unrecognized compensation cost related to nonvested awards.

Note 9 - Earnings Per Share (Details Textual) - shares shares in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Performance Shares [Member]
Contingently Issuable Shares Excluded From Diluted Earnings Per Share (in shares)	0.9	0.9

Note 11 - Share-Based Compensation (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested in Period, Fair Value	$ 4,000	$ 4,000
Proceeds from Stock Options Exercised	4,000	2,000
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount	35,000
Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 5,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	1 year 9 months 18 days
Restricted Stock Units (RSUs) [Member]
Dividends	$ 0
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 21,000	$ 5,000
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]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	1 year

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
	Apr. 29, 2023	Jan. 28, 2023
Options outstanding (in shares)	3,251	3,256
Options Outstanding Weighted Average Remaining (Year)	3 years 9 months 18 days
Weighted Average Exercise Price (in dollars per share)	$ 48.64	$ 47.85
Balance, options exercisable (in shares)	2,783
Award Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 50.48
Range One [Member]
Exercise prices, Lower Limit (in dollars per share)	21.60
Exercise prices, Upper Limit (in dollars per share)	$ 36.51
Options outstanding (in shares)	855
Options Outstanding Weighted Average Remaining (Year)	5 years 2 months 12 days
Weighted Average Exercise Price (in dollars per share)	$ 25.40
Balance, options exercisable (in shares)	708
Award Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 23.82
Range Two [Member]
Exercise prices, Lower Limit (in dollars per share)	38.94
Exercise prices, Upper Limit (in dollars per share)	$ 48.98
Options outstanding (in shares)	743
Options Outstanding Weighted Average Remaining (Year)	5 years 2 months 12 days
Weighted Average Exercise Price (in dollars per share)	$ 42.58
Balance, options exercisable (in shares)	439
Award Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 45.00
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)	482
Options Outstanding Weighted Average Remaining (Year)	3 years 3 months 18 days
Weighted Average Exercise Price (in dollars per share)	$ 56.73
Balance, options exercisable (in shares)	465
Award Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 56.84
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)	1,171
Options Outstanding Weighted Average Remaining (Year)	2 years 1 month 6 days
Weighted Average Exercise Price (in dollars per share)	$ 66.14
Balance, options exercisable (in shares)	1,171
Award Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 66.14

Condensed Consolidated Balance Sheets ( Current Period Unaudited) (Parentheticals) - shares	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Common stock, shares, issued (in shares)	94,175,714	93,396,901	99,233,112
Treasury stock, shares (in shares)	260,870	1,489	4,731,931

Note 1 - Summary of Significant Accounting Policies

3 Months Ended

Apr. 29, 2023

Notes to Financial Statements

Basis of Presentation and Significant Accounting Policies [Text Block]

1. Summary of Significant Accounting Policies

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 also be shipped from any of our distribution centers or from a different store location if an item is not available at the original store. Direct-to-customer orders are generally shipped to our customers through our distribution centers but may also be shipped from any store or a combination of our distribution centers and stores depending on availability of particular items. We operate in North America, Europe, and Asia Pacific, representing our operating segments. We aggregate these operating segments into one reportable segment based upon their shared customer base and similar economic characteristics.

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 include all of the information and notes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results of operations for any interim period are not necessarily indicative of the results expected for the year. Additionally, the results of operations for the period ended April 29, 2023 are not necessarily indicative of the results to be expected for the full fiscal year due to the continued uncertainty of general economic conditions that may affect us for the remainder of the year. Fiscal year 2023 will include the 53-week period that ends on February 3, 2024.

The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Notes to Consolidated Financial Statements contained in our 2022 Form 10-K. Certain reclassifications have been made to prior period financial statements to conform to the current period presentation. In 2023, we separately present licensing revenue as a component of total revenue in the Condensed Consolidated Statements of Operations, as previously licensing revenue was presented within other income / (expense), net.

There were no significant changes to the policies disclosed in Note 1, Summary of Significant Accounting Policies of our 2022 Form 10-K.

Recent Accounting Pronouncements

Recently issued accounting pronouncements did not, or are not believed by management to, have a material effect on our present or future consolidated financial statements.

Note 7 - Accumulated Other Comprehensive Loss

3 Months Ended

Apr. 29, 2023

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

7. Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss (“AOCL”), net of tax, is comprised of the following:

	*April 29,*			*April 30,*			*January 28,*
($ in millions)	*2023*			*2022*			*2023*
Foreign currency translation adjustments	$	(155	)	$	(151	)	$	(148	)
Hedge contracts		(2	)		1			(3	)
Unrecognized pension cost and postretirement benefit		(239	)		(234	)		(241	)
	$	(396	)	$	(384	)	$	(392	)

The changes in AOCL for the thirteen weeks ended April 29, 2023 were as follows:

	*Foreign*						*Items Related*
	*Currency*						*to Pension and*
	*Translation*			*Hedge*			*Postretirement*
($ in millions)	*Adjustments*			*Contracts*			*Benefits*			*Total*
Balance as of January 28, 2023	$	(148	)		(3	)	$	(241	)	$	(392	)

OCI before reclassification		(7	)		3			—			(4	)
Reclassification of hedges, net of tax		—			(2	)		—			(2	)
Amortization of pension actuarial loss, net of tax		—			—			2			2
Other comprehensive income		(7	)		1			2			(4	)
Balance as of April 29, 2023	$	(155	)	$	(2	)	$	(239	)	$	(396	)

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

7. Accumulated Other Comprehensive Loss (continued)

Reclassifications from AOCL for the thirteen weeks ended April 29, 2023 were as follows:

($ in millions)
Reclassification of hedge loss:
Cross-currency swap	$	(2	)
Income tax		—
Reclassification of hedges, net of tax	$	(2	)

Amortization of actuarial loss:
Pension benefits	$	3
Income tax benefit		(1	)
Amortization of actuarial loss, net of tax	$	2
Total, net of tax	$	—

Note 4 - Impairment and Other Charges

3 Months Ended

Apr. 29, 2023

Notes to Financial Statements

Litigation Impairment and Other Charges [Text Block]

4. Impairment and Other

	*Thirteen weeks ended*
	*April 29,*		*April 30,*
($ in millions)	*2023*		*2022*
Transformation consulting	$	19	$	—
Impairment of long-lived assets and right-of-use assets		18		3
Reorganization costs		2		—
Acquisition and integration costs		—		2
Other		—		1
Total impairment and other	$	39	$	6

For the thirteen weeks ended April 29, 2023, we incurred $19 million of transformation consulting expense. We recorded impairment charges of $18 million, primarily accelerated tenancy charges on right-of-use assets for the closures of the Sidestep banner and certain Foot Locker Asia stores. Additionally, we recorded reorganization costs of $2 million related to the announced closure of a North American distribution center and costs associated with the closure of the Sidestep banner and certain Foot Locker Asia stores.

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 7 - Accumulated Other Comprehensive Loss - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Foreign currency translation adjustments	$ (155)	$ (148)	$ (151)
Hedge contracts	(2)	(3)	1
Unrecognized pension cost and postretirement benefit	(239)	(241)	(234)
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (396)	$ (392)	$ (384)

- Definition

Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.

+ References + Details

Note 9 - Earnings Per Share (Tables)

3 Months Ended

Apr. 29, 2023

Notes Tables

Schedule of Weighted Average Number of Shares [Table Text Block]

	*Thirteen weeks ended*
	*April 29,*		*April 30,*
(in millions, except per share data)	*2023*		*2022*
Net income attributable to Foot Locker, Inc.	$	36	$	133
Weighted-average common shares outstanding		93.7		96.1
Dilutive effect of potential common shares		1.4		1.1
Weighted-average common shares outstanding assuming dilution		95.1		97.2

Earnings per share - basic	$	0.39	$	1.38
Earnings per share - diluted	$	0.38	$	1.37

Anti-dilutive share-based awards excluded from diluted calculation		2.3		2.5

Note 2 - Revenue (Tables)

3 Months Ended

Apr. 29, 2023

Notes Tables

Disaggregation of Revenue [Table Text Block]

	*Thirteen weeks ended*
	*April 29,*		*April 30,*
($ in millions)	*2023*		*2022*
Sales by Channel
Stores	$	1,613	$	1,776
Direct-to-customers		314		399
Total sales		1,927		2,175
Licensing revenue		4		3
Total revenue	$	1,931	$	2,178

Revenue from External Customers by Geographic Areas [Table Text Block]

	*Thirteen weeks ended*
	*April 29,*		*April 30,*
($ in millions)	*2023*		*2022*
Revenue by Geography
United States	$	1,287	$	1,544
International		644		634
Total revenue	$	1,931	$	2,178

Reconciliation of Revenue From Banners to Consolidated [Table Text Block]

	*Thirteen weeks ended*
	*April 29,*		*April 30,*
($ in millions)	*2023*		*2022*
Foot Locker	$	744	$	807
Champs Sports		328		454
Kids Foot Locker		167		180
WSS		150		138
Other ⁽¹⁾		—		53
North America		1,389		1,632
Foot Locker		379		377
Sidestep		14		24
EMEA		393		401
Foot Locker		98		93
atmos		47		49
Asia Pacific		145		142
Total sales	$	1,927	$	2,175

Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]

	*April 29,*			*April 30,*
($ in millions)	*2023*			*2022*
Gift card liability at beginning of year	$	36		$	46
Redemptions		(61	)		(65	)
Breakage recognized in sales		(4	)		(4	)
Activations		56			60
Gift card liability	$	27		$	37

Note 3 - Segment Information (Tables)

3 Months Ended

Apr. 29, 2023

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	*Thirteen weeks ended*
	*April 29,*			*April 30,*
($ in millions)	*2023*			*2022*
Division profit	$	104		$	263
Less: Impairment and other ⁽¹⁾		39			6
Less: Corporate expense ⁽²⁾		4			37
Income from operations		61			220
Interest expense, net		(1	)		(5	)
Other income / (expense), net ⁽³⁾		(3	)		(25	)
Income before income taxes	$	57		$	190

Note 11 - Share-Based Compensation - Schedule of Share Based Payment Award Stock Options Valuation Assumptions (Details) - $ / shares	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Stock Option Plan [Member]
Weighted-average risk free rate of interest	3.50%	2.30%
Expected volatility	49.00%	50.00%
Weighted-average expected award life (in years) (Year)	5 years 4 months 24 days	5 years 6 months
Dividend yield	3.60%	3.90%
Weighted-average fair value (in dollars per share)	$ 14.09	$ 10.42
Stock Purchase Plan [Member]
Weighted-average risk free rate of interest	2.20%	0.10%
Expected volatility	40.00%	40.00%
Weighted-average expected award life (in years) (Year)	1 year	1 year
Dividend yield	3.70%	1.80%
Weighted-average fair value (in dollars per share)	$ 7.16	$ 29.46

Note 8 - Fair Value Measurements - Schedule of Fair Value Assets and Liabilities (Details) - Fair Value, Recurring [Member] - USD ($) $ in Millions	Apr. 29, 2023	Apr. 30, 2022
Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value	$ 0	$ 120
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 2 [Member]
Assets, Fair Value	6	8
Liabilities, Fair Value	1	0
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	0	2
Fair Value, Inputs, Level 2 [Member] \| Foreign Exchange Forward [Member] \| Derivative Financial Instruments, Liabilities [Member]
Liabilities, Fair Value	1	0
Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value	0	0
Liabilities, Fair Value	4	35
Fair Value, Inputs, Level 3 [Member] \| Commitments [Member]
Liabilities, Fair Value	4	35
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
Common Stock [Member] \| Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value	0	120
Common Stock [Member] \| Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value	0	0
Common Stock [Member] \| Fair Value, Inputs, Level 3 [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 9 - Earnings Per Share

3 Months Ended

Apr. 29, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

9. Earnings Per Share

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 assume conversion, exercise, or contingent issuance of securities that would have an anti-dilutive effect on EPS. The computation of basic and diluted EPS is as follows:

	*Thirteen weeks ended*
	*April 29,*		*April 30,*
(in millions, except per share data)	*2023*		*2022*
Net income attributable to Foot Locker, Inc.	$	36	$	133
Weighted-average common shares outstanding		93.7		96.1
Dilutive effect of potential common shares		1.4		1.1
Weighted-average common shares outstanding assuming dilution		95.1		97.2

Earnings per share - basic	$	0.39	$	1.38
Earnings per share - diluted	$	0.38	$	1.37

Anti-dilutive share-based awards excluded from diluted calculation		2.3		2.5

Performance stock units related to our long-term incentive programs of 0.9 million been excluded from diluted weighted-average shares for each of the periods ended April 29, 2023 and April 30, 2022. The issuance of these shares is contingent on our performance metrics as compared to the pre-established performance goals, which have not been achieved.

Note 10 - Pension (Tables)

3 Months Ended

Apr. 29, 2023

Notes Tables

Schedule of Net Benefit Costs [Table Text Block]

	*Thirteen weeks ended*
	*April 29,*			*April 30,*
($ in millions)	*2023*			*2022*
Service cost	$	1		$	4
Interest cost		6			5
Expected return on plan assets		(7	)		(8	)
Amortization of net loss		3			2
Net benefit expense	$	3		$	3

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
	Apr. 29, 2023	Apr. 30, 2022
Exercised	$ 3	$ 0

Note 10 - Pension - Schedule of Net Benefit Costs (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Service cost	$ 1	$ 4
Interest cost	6	5
Expected return on plan assets	(7)	(8)
Amortization of net loss	3	2
Net benefit expense	$ 3	$ 3

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
	Apr. 29, 2023	Apr. 30, 2022
Net income attributable to Foot Locker, Inc.	$ 36	$ 133
Weighted-average shares outstanding (in shares)	93.7	96.1
Dilutive effect of potential common shares (in shares)	1.4	1.1
Weighted-average common shares outstanding assuming dilution (in shares)	95.1	97.2
Basic earnings per share (in dollars per share)	$ 0.39	$ 1.38
Diluted earnings per share (in dollars per share)	$ 0.38	$ 1.37
Share-Based Payment Arrangement, Option [Member]
Anti-dilutive share-based awards excluded from diluted calculation (in shares)	2.3	2.5

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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+ Details

Note 8 - Fair Value Measurements (Tables)

3 Months Ended

Apr. 29, 2023

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

($ in millions)	*As of April 29, 2023*						*As of April 30, 2022*
	*Level 1*		*Level 2*		*Level 3*		*Level 1*		*Level 2*		*Level 3*
Assets
Minority investment in common stock	$	—	$	—	$	—	$	120	$	—	$	—
Available-for-sale security		—		6		—		—		6		—
Foreign exchange forward contracts		—		—		—		—		2		—
Total assets	$	—	$	6	$	—	$	120	$	8	$	—
Liabilities
Contingent consideration	$	—	$	—	$	4	$	—	$	—	$	35
Foreign exchange forward contracts		—		1		—		—		—		—
Total liabilities	$	—	$	1	$	4	$	—	$	—	$	35

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]

($ in millions)	*April 29, 2023*		*April 30, 2022*
Carrying value ⁽¹⁾	$	395	$	394
Fair value	$	339	$	332

Note 11 - Share-Based Compensation - Schedule of Allocated Share Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Allocated Share Based	$ 2	$ 7
Tax benefit recognized	0	1
Options and Employee Stock Purchase Plan [Member]
Allocated Share Based	1	1
Restricted Stock Units (RSUs) and Performance Stock Units [Member]
Allocated Share Based	$ 1	$ 6

Note 4 - Impairment and Other Charges - Schedule of Impairment and Other Charges (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Transformation consulting	$ 19	$ 0
Impairment of long-lived assets and right-of-use assets	18	3
Reorganization costs	2	0
Acquisition and integration costs	0	2
Other	0	1
Total impairment and other	$ 39	$ 6

Note 7 - Accumulated Other Comprehensive Loss - Reclassifications from Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Cross-currency swap	$ (2,000)
Income tax	0	$ 0
Reclassification of hedges, net of tax	(2,000)
Income tax benefit	(1,000)
Amortization of actuarial loss, net of tax	2,000
Total, net of tax	0
Pension Plan [Member]
Pension benefits	$ 3,000

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Net income attributable to Foot Locker, Inc.	$ 36	$ 133
Foreign currency translation adjustment:
Translation adjustment arising during the period, net of income tax (benefit)/expense of $- and $(1), respectively	(7)	(44)
Hedges contracts:
Change in fair value of derivatives, net of income tax benefit of $-, 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	2	2
Comprehensive income	$ 32	$ 92

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Note 7 - Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Apr. 29, 2023

Notes Tables

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

	*April 29,*			*April 30,*			*January 28,*
($ in millions)	*2023*			*2022*			*2023*
Foreign currency translation adjustments	$	(155	)	$	(151	)	$	(148	)
Hedge contracts		(2	)		1			(3	)
Unrecognized pension cost and postretirement benefit		(239	)		(234	)		(241	)
	$	(396	)	$	(384	)	$	(392	)

Schedule of Changes in Accumulated Other Comprehensive Income [Table Text Block]

	*Foreign*						*Items Related*
	*Currency*						*to Pension and*
	*Translation*			*Hedge*			*Postretirement*
($ in millions)	*Adjustments*			*Contracts*			*Benefits*			*Total*
Balance as of January 28, 2023	$	(148	)		(3	)	$	(241	)	$	(392	)

OCI before reclassification		(7	)		3			—			(4	)
Reclassification of hedges, net of tax		—			(2	)		—			(2	)
Amortization of pension actuarial loss, net of tax		—			—			2			2
Other comprehensive income		(7	)		1			2			(4	)
Balance as of April 29, 2023	$	(155	)	$	(2	)	$	(239	)	$	(396	)

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

($ in millions)
Reclassification of hedge loss:
Cross-currency swap	$	(2	)
Income tax		—
Reclassification of hedges, net of tax	$	(2	)

Amortization of actuarial loss:
Pension benefits	$	3
Income tax benefit		(1	)
Amortization of actuarial loss, net of tax	$	2
Total, net of tax	$	—

Note 2 - Revenue - Activity of Gift Card Liability Balance (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Gift card liability at beginning of year	$ 36	$ 46
Gift card liability at end of period	27	37
Gift Card Redemption Revenue [Member]
Revenue recognized	(61)	(65)
Gift Card Breakage Revenue [Member]
Revenue recognized	(4)	(4)
Gift Card Activations [Member]
Revenue recognized	$ 56	$ 60