GAP INC, 10-K filed on 3/17/2026
Annual Report
v3.26.1
Cover Page Document - USD ($)
$ in Billions
 12 Months Ended
Jan. 31, 2026
Mar. 10, 2026
Aug. 01, 2025
Cover Page [Abstract]      
Document Transition Report false    
Document Annual Report true    
Title of 12(b) Security Common Stock, $0.05 par value    
Entity Incorporation, State or Country Code DE    
Document Type 10-K    
Document Period End Date Jan. 31, 2026    
Entity File Number 1-7562    
Entity Filer Category Large Accelerated Filer    
Entity Registrant Name GAP, INC    
Entity Tax Identification Number 94-1697231    
Entity Address, Address Line One Two Folsom Street    
Entity Address, City or Town San Francisco    
Entity Address, State or Province CA    
Entity Address, Postal Zip Code 94105    
City Area Code 415    
Local Phone Number 427-0100    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Shell Company false    
Entity Public Float     $ 4
Entity Common Stock, Shares Outstanding   372,562,512  
Trading Symbol GAP    
Security Exchange Name NYSE    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] false    
v3.26.1
Audit Information
 12 Months Ended
Jan. 31, 2026
Audit Information [Abstract]  
Auditor Firm ID 34
Auditor Location San Francisco, California
Auditor Name Deloitte & Touche LLP
v3.26.1
Document and Entity Information
 12 Months Ended
Jan. 31, 2026
Document Information [Line Items]  
Amendment Flag false
Entity Emerging Growth Company false
Entity Small Business false
Entity Shell Company false
Document Period End Date Jan. 31, 2026
Document Fiscal Year Focus 2025
Document Fiscal Period Focus FY
Trading Symbol GAP
Entity Registrant Name GAP, INC
Entity Central Index Key 0000039911
Current Fiscal Year End Date --01-31
v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Thousands, $ in Millions
Jan. 31, 2026
Feb. 01, 2025
Current assets:    
Cash and cash equivalents $ 2,616 $ 2,335
Short-term investments 386 253
Merchandise inventory 2,207 2,067
Other current assets 568 548
Total current assets 5,777 5,203
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 5,114 4,930
Property and equipment, net of accumulated depreciation 2,507 2,496
Operating lease assets 3,443 3,240
Other long-term assets 905 946
Total assets 12,632 11,885
Current liabilities:    
Accounts payable 1,567 1,488
Accrued expenses and other current liabilities 1,044 1,083
Current portion of operating lease liabilities 634 632
Income taxes payable 55 53
Total current liabilities 3,300 3,256
Long-term liabilities:    
Long-term debt 1,492 1,490
Long-term operating lease liabilities 3,485 3,353
Other long-term liabilities 554 522
Total long-term liabilities 5,531 5,365
Stockholders' equity:    
Common stock $0.05 par value, Authorized 2,300 shares for all periods presented 19 19
Additional Paid in Capital 136 146
Retained earnings 3,608 3,039
Accumulated other comprehensive income 38 60
Total stockholders' equity 3,801 3,264
Total liabilities and stockholders' equity $ 12,632 $ 11,885
Common stock, par value (in dollars per share) $ 0.05 $ 0.05
Common stock, shares outstanding (in shares) 372,000 374,000
Common stock, shares issued (in shares) 372,000 374,000
Common stock, shares authorized (in shares) 2,300,000 2,300,000
v3.26.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares
shares in Thousands
Jan. 31, 2026
Feb. 01, 2025
Common stock, par value (in dollars per share) $ 0.05 $ 0.05
Common stock, shares authorized (in shares) 2,300,000 2,300,000
Common stock, shares issued (in shares) 372,000 374,000
Common stock, shares outstanding (in shares) 372,000 374,000
v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Net sales $ 15,366 $ 15,086 $ 14,889 [1],[2]
Cost of goods sold and occupancy expenses 9,098 8,859 9,114
Gross profit 6,268 6,227 5,775
Operating expenses 5,153 5,115 5,215
Operating income 1,115 1,112 560
Interest expense 93 87 90
Interest income (110) (112) (86)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 1,132 1,137 556
Income tax expense 316 293 54
Net income $ 816 $ 844 $ 502
Weighted-average number of shares—basic 373 376 370
Weighted-average number of shares—diluted 384 384 376
Earnings per share—basic $ 2.19 $ 2.24 $ 1.36
Earnings per share—diluted $ 2.13 $ 2.20 $ 1.34
[1] Fiscal 2023 includes incremental sales attributable to the 53rd week.
[2] Fiscal 2023 includes incremental sales attributable to the 53rd week.
v3.26.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Net income $ 816 $ 844 $ 502
Other comprehensive income (loss), net of tax:      
Foreign currency translation and other, net of tax expense (tax benefit) of $2, $(1), and $— (7) 1 (4)
Change in fair value of derivative financial instruments, net of tax expense of $—, $8, and $2 (7) 25 16
Reclassification adjustment for gains on derivative financial instruments, net of tax expense of $(1), $(6), and $(1) (8) (9) (17)
Other comprehensive income (loss), net of tax (22) 17 (5)
Comprehensive income $ 794 $ 861 $ 497
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Change in fair value of derivative financial instruments, net of tax (tax benefit) $ 0 $ 8 $ 2
Reclassification adjustment for realized losses on derivative financial instruments, net of (tax) tax benefit (1) (6) (1)
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax $ 2 $ (1) $ 0
v3.26.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Stock Options [Member]
Common Stock
Stock Units [Member]
Common Stock
Balance at Jan. 28, 2023 $ 2,233 $ 18 $ 27 $ 2,140 $ 48    
Balance (in shares) at Jan. 28, 2023   366          
Net Income (Loss) Attributable to Parent 502     502      
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax 16            
Other Comprehensive Income (Loss), Net of Tax (5)       (5)    
Treasury Stock, Value, Acquired, Cost Method $ 0            
Number of shares repurchased (in shares) 0            
Stock Issued During Period, Value, Other $ 27 $ 0 27        
Stock Issued During Period, Shares, Other           3 3
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation (20) (1) (21)        
Share-based compensation, net of estimated forfeitures 80   80        
Common stock cash dividends (222)     (222)      
Balance at Feb. 03, 2024 2,595 $ 19 113 2,420 43    
Balance (in shares) at Feb. 03, 2024   372          
Net Income (Loss) Attributable to Parent 844     844      
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax 25            
Other Comprehensive Income (Loss), Net of Tax 17       17    
Treasury Stock, Value, Acquired, Cost Method $ 75            
Number of shares repurchased (in shares) [1] 3            
Stock Repurchased and Retired During Period, Value $ (75) $ 0 (75)        
Stock Repurchased and Retired During Period, Shares   (3)          
Stock Issued During Period, Value, Other 32 $ 0 32        
Stock Issued During Period, Shares, Other           2 3
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation (50) 0 (50)        
Share-based compensation, net of estimated forfeitures 126   126        
Common stock cash dividends (225)     (225)      
Balance at Feb. 01, 2025 $ 3,264 $ 19 146 3,039 60    
Balance (in shares) at Feb. 01, 2025 374 374          
Net Income (Loss) Attributable to Parent $ 816     816      
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax (7)            
Other Comprehensive Income (Loss), Net of Tax (22)       (22)    
Treasury Stock, Value, Acquired, Cost Method $ 155            
Number of shares repurchased (in shares) [1] 7            
Stock Repurchased and Retired During Period, Value $ (155) $ 0 (155)        
Stock Repurchased and Retired During Period, Shares   (7)          
Stock Issued During Period, Value, Other 25 $ 0 25        
Stock Issued During Period, Shares, Other           1 4
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation (42) 0 (42)        
Share-based compensation, net of estimated forfeitures 162   162        
Common stock cash dividends (247)     (247)      
Balance at Jan. 31, 2026 $ 3,801 $ 19 $ 136 $ 3,608 $ 38    
Balance (in shares) at Jan. 31, 2026 372 372          
[1] Excludes shares withheld to settle employee tax withholding payments related to the vesting of stock units.
v3.26.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY CONSOLIDATED STATEMENTS OF STOCKHOLDERS" EQUITY (Parenthetical) - $ / shares
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Statement of Stockholders' Equity [Abstract]      
Common Stock, Dividends, Per Share, Declared $ 0.66 $ 0.60 $ 0.60
v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Cash flows from operating activities:      
Net income $ 816 $ 844 $ 502
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 496 500 522
Share-based compensation 162 126 80
Non-cash and other items 1 (4) (8)
Deferred income taxes 69 27 (64)
Changes in operating assets and liabilities:      
Merchandise inventory (129) (88) 383
Other current assets and other long-term assets (41) 31 179
Accounts payable 57 137 42
Accrued expenses and other current liabilities (90) (25) 12
Income taxes payable, net of receivables and other tax-related items 33 46 75
Other long-term liabilities (9) (19) (15)
Operating lease assets and liabilities, net (72) (89) (176)
Net cash provided by operating activities 1,293 1,486 1,532
Cash flows from investing activities:      
Purchases of property and equipment (470) (447) (420)
Proceeds from Sale of Property, Plant, and Equipment 0 7 76
Purchases of short-term investments (419) (409) 0
Proceeds from sales and maturities of short-term investments 289 162 0
Proceeds from divestiture activity, net of cash paid 0 0 9
Other 0 (5) 1
Net cash used for investing activities (600) (692) (334)
Cash flows from financing activities:      
Repayments of revolving credit facility 0 0 (350)
Proceeds from issuances under share-based compensation plans 25 32 27
Withholding tax payments related to vesting of stock units (42) (50) (20)
Repurchases of common stock (155) (75) 0
Cash dividends paid (247) (225) (222)
Proceeds from (Payment for) Other Financing Activity 0 (3) (2)
Net cash used for financing activities (419) (321) (567)
Effect of foreign exchange rate fluctuations on cash, cash equivalents, and restricted cash 5 (9) (3)
Net increase in cash, cash equivalents, and restricted cash 279 464 628
Cash, Cash Equivalents, and Restricted Cash at beginning of period 2,365 1,901 1,273
Cash, Cash Equivalents, and Restricted Cash end of period 2,644 2,365 1,901
Cash Flow Non Cash Investing Disclosure [Abstract]      
Purchases of property and equipment not yet paid at end of period 72 44 43
Interest Paid, Excluding Capitalized Interest, Operating Activity 63 63 74
Supplemental disclosure of cash flow information:      
Income Taxes Paid, Net 235 237 49
Cash paid for operating lease liabilities $ 980 $ 981 $ 932
v3.26.1
Organization and Summary of Significant Accounting Policies
 12 Months Ended
Jan. 31, 2026
Accounting Policies [Abstract]  
Organization and Summary of Significant Accounting Policies Organization and Summary of Significant Accounting Policies
Organization
The Gap, Inc., a Delaware corporation, is a house of iconic American brands offering apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. As of January 31, 2026, we had Company-operated stores in the United States, Canada, Japan, and Taiwan. Our products are available to customers both in stores and online, through Company-operated and franchise stores, websites, and third-party arrangements. We also have franchise agreements to operate Old Navy, Gap, Banana Republic, and Athleta throughout Asia, Europe, Latin America, the Middle East, and Africa.
Principles of Consolidation
The Consolidated Financial Statements include the accounts of The Gap, Inc. and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated.
Fiscal Year and Presentation
Our fiscal year is a 52-week or 53-week period ending on the Saturday closest to January 31. The fiscal years ended January 31, 2026 (fiscal 2025) and February 1, 2025 (fiscal 2024) consisted of 52 weeks. The fiscal year ended February 3, 2024 (fiscal 2023) consisted of 53 weeks.
Use of Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates. Our most significant accounting judgments include, but are not limited to, estimates and assumptions used for inventory valuation, income taxes and valuation allowances, sales return and bad debt allowances, deferred revenue, and the impairment of long-lived assets.
In fiscal 2025, the United States enacted significant changes to its trade policy and imposed substantial tariffs on imported goods from a number of countries. We will continue to consider the impact of these developments on the assumptions and estimates used when preparing our financial statements.
Cash, Cash Equivalents, and Short-Term Investments
Cash includes funds deposited in banks and amounts in transit from banks for customer credit card and debit card transactions that process in less than seven days.
All highly liquid investments with original maturities of three months or less at the time of purchase are classified as cash equivalents. Our cash equivalents are comprised of money market funds and time deposits recorded at amortized cost, which approximates fair value, as well as debt securities recorded at fair value using market prices for identical or similar assets.
Highly liquid investments with original maturities of greater than three months and less than two years are classified as short-term investments. These debt securities are also recorded at fair value using market prices
for identical or similar assets.
Changes in the fair value of the debt securities impact net income only when such securities are sold or an impairment is recognized. Income related to these securities is recorded within interest income on the Consolidated Statements of Operations.
See Note 7 of Notes to Consolidated Financial Statements for disclosures related to fair value measurements.
Restricted Cash
Any cash that is legally restricted from use is classified as restricted cash. If the purpose of restricted cash is related to acquiring a long-term asset, liquidating a long-term liability, or is otherwise unavailable for a period longer than one year from the balance sheet date, the restricted cash is included within other long-term assets on the Consolidated Balance Sheets. Otherwise, restricted cash is included within other current assets on the Consolidated Balance Sheets.
As of January 31, 2026, February 1, 2025, and February 3, 2024, restricted cash primarily included consideration that serves as collateral for our insurance obligations and certain other obligations occurring in the normal course of business.
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported on the Consolidated Balance Sheets to the total shown on the Consolidated Statements of Cash Flows:
($ in millions)January 31,
2026		February 1,
2025		February 3,
2024
Cash and cash equivalents$2,616 $2,335 $1,873 
Restricted cash included in other long-term assets28 30 28 
Total cash, cash equivalents, and restricted cash shown on the Consolidated Statement of Cash Flows$2,644 $2,365 $1,901 
Merchandise Inventory
We value inventory at the LCNRV, with cost determined using the weighted-average cost method. We record an adjustment to inventory when future estimated selling price is less than cost. We review our inventory levels in order to identify slow-moving merchandise and broken assortments (items no longer in stock in a sufficient range of sizes or colors) and we primarily use markdowns to clear merchandise. In addition, we estimate and accrue shortage for the period between the last physical count and the balance sheet date.
Property and Equipment
Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. Estimated useful lives are as follows:
CategoryTerm
Leasehold improvements
Shorter of remaining lease term or economic life, up to 15 years
Furniture and equipment
Up to 10 years
Software
Up to 7 years
Buildings and building improvements
Up to 39 years
When assets are sold or retired, the cost and related accumulated depreciation are removed from the accounts, with any resulting gain or loss recorded within operating expenses on the Consolidated Statements of Operations. Costs of maintenance and repairs are expensed as incurred. Costs incurred to implement cloud computing arrangements hosted by third-party vendors are capitalized when incurred during the application development phase and amortized on a straight-line basis over the estimated term of the cloud computing arrangement. Capitalized amounts related to such arrangements are recorded within other current assets and other long-term assets on the Consolidated Balance Sheets.
Leases
We determine if a long-term contractual obligation is a lease at inception. The majority of our operating leases relate to Company stores. We also lease some of our corporate facilities and distribution centers. These operating leases expire at various dates through fiscal 2047. The majority of our store leases have initial lease terms of five or ten years and include options that allow us to extend the lease term beyond the initial period, subject to the terms established at lease inception. Some leases also include early termination options, which can be exercised under specific conditions. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.
We record our lease liabilities at the present value of the lease payments not yet paid, discounted at the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term. As the Company's leases do not provide an implicit interest rate, the Company uses an incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments.
We recognize operating lease cost over the estimated term of the lease, which includes options to extend lease terms that are reasonably certain of being exercised, starting when possession of the property is taken from the landlord, which normally includes a construction period prior to the store opening. When a lease contains a predetermined escalation of the fixed rent, we recognize the related operating lease cost on a straight-line basis over the lease term. In addition, certain of our lease agreements include variable lease payments, such as payments based on a percentage of sales that are in excess of a predetermined level and/or increases based on a change in the consumer price index or fair market value. These variable lease payments are excluded from minimum lease payments and are included in the determination of net lease cost when it is probable that the expense has been incurred and the amount can be reasonably estimated. If an operating lease asset is impaired, the remaining operating lease asset will be amortized on a straight-line basis over the remaining lease term.
See Note 11 of Notes to Consolidated Financial Statements for related disclosures.
Revenue Recognition
The Company’s revenues primarily include merchandise sales at stores, online, and through franchise and licensing agreements. We also receive revenue sharing from our credit card agreement for private label and co-branded credit cards, and breakage revenue related to our gift cards, merchandise return cards, and outstanding loyalty points, which are realized based upon historical redemption patterns. For online sales, the Company has elected to treat shipping and handling as fulfillment activities and not a separate performance obligation. Accordingly, we recognize revenue for our single performance obligation related to online sales at the time control of the merchandise passes to the customer, which is generally at the time of shipment. Revenues are presented net of any taxes collected from customers and remitted to governmental authorities.
We record sales return allowances and a right of returns asset on a gross basis for expected future merchandise returns, based on historical return patterns, merchandise mix, and recent trends. Sales return allowances are recorded within accrued expenses and other current liabilities and the right of returns asset is recorded within other current assets on the Consolidated Balance Sheets.
We have credit card agreements with third parties to provide our customers with private label credit cards and co-branded credit cards (collectively, the “Credit Card programs"). Each private label credit card bears the logo of Gap, Banana Republic, Old Navy, or Athleta and can be used at any of our U.S. store locations and online. The current co-branded credit card is a MasterCard credit card bearing the logo of Gap, Banana Republic, Old Navy, or Athleta and can be used everywhere MasterCard credit cards are accepted. The Credit Card programs are a part of Gap Inc.’s loyalty program where members enjoy incentives in the form of rewards which can be redeemed across all of our brands.
Barclays, a third-party financial institution, is the sole owner of the accounts and underwrites the credit issued under the Credit Card programs. Our agreement with Barclays provides for certain payments to be made to us, including a share of revenue from the performance of the credit card portfolios and reimbursements of loyalty program rewards. We have identified separate performance obligations related to our credit card agreement that includes both providing a license and an obligation to redeem loyalty points issued under the loyalty program. Our obligation to provide a license is satisfied when the subsequent sale or usage occurs and our obligation to redeem loyalty points is deferred until those loyalty points are redeemed. Income related to our credit card agreement is classified within net sales on the Consolidated Statements of Operations.
We have franchise agreements to operate Old Navy, Gap, Banana Republic, and Athleta throughout Asia, Europe, Latin America, the Middle East, and Africa. Under these agreements, third parties operate, or will operate, stores and websites that sell apparel and related products under our brand names. We have identified separate performance obligations related to our franchise agreements that include both providing our franchise partners with a license and an obligation to supply franchise partners with our merchandise. Our obligation to provide a license is satisfied when the subsequent sale or usage occurs and our obligation to supply franchise partners with our merchandise is satisfied when control of the merchandise transfers. We also have licensing agreements with licensees to sell products using our brand names.
We defer revenue when cash payments are received in advance of performance for unsatisfied obligations related to our gift cards, licensing agreements, outstanding loyalty points, and reimbursements of loyalty program rewards associated with our credit card agreement.
See Note 3 of Notes to Consolidated Financial Statements for related revenue disclosures.
Classification of Expenses
Cost of goods sold and occupancy expenses include the following:
•the cost of merchandise, including duty and freight costs;
•inventory shortage and valuation adjustments;
•online shipping and packaging costs;
•cost associated with our sourcing operations, including payroll, benefits, and other administrative expenses;
•lease and other occupancy related cost, depreciation, and amortization related to our store operations, distribution centers, information technology, and certain corporate functions; and
•gains and losses associated with foreign currency derivative contracts used to hedge forecasted merchandise purchases and related costs denominated in U.S. dollars made by our international subsidiaries whose functional currencies are their local currencies.
Operating expenses include the following:
•payroll, benefits, and other administrative expenses for our store operations, field management, and distribution centers;
•payroll, benefits, and other administrative expenses for our corporate functions, including product design and development;
•advertising expenses;
•information technology expenses and maintenance costs;
•lease and other occupancy related cost, depreciation, and amortization for our corporate facilities;
•research and development expenses;
•gains and losses associated with foreign currency derivative contracts not designated as hedging instruments;
•third-party credit card processing fees; and
•other expenses (income).
Payroll, benefits, and other administrative expenses for our distribution centers recorded within operating expenses were $322 million, $307 million, and $320 million in fiscal 2025, 2024, and 2023, respectively. Research and development costs described in Accounting Standards Codification ("ASC") No. 730 are expensed as incurred. These costs primarily consist of payroll and related benefits attributable to time spent on research and development activities for new innovative products, technological improvements for existing products, and process innovation. Research and development expenses recorded within operating expenses under ASC 730 were $60 million, $40 million, and $37 million in fiscal 2025, 2024, and 2023, respectively.
The classification of expenses varies across the apparel retail industry. Accordingly, our cost of goods sold and occupancy expenses and operating expenses may not be comparable to those of other companies.
Impairment of Long-Lived Assets
We review the carrying amount of long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Events that result in an impairment review include a significant decrease in the operating performance of the long-lived asset, the decision to close a store, corporate facility, or distribution center, or adverse changes in business climate. Long-lived assets are considered impaired if the carrying amount exceeds the estimated undiscounted future cash flows of the asset or asset group over the estimated remaining life. The asset group is defined as the lowest level for which identifiable cash flows are available and largely independent of the cash flows of other groups of assets, which for our retail stores is generally at the store level. The asset group for retail stores is comprised of both property and equipment and operating lease assets. For impaired assets, we recognize a loss equal to the difference between the carrying amount of the asset or asset group and its estimated fair value, which is recorded within operating expenses on the Consolidated Statements of Operations. The estimated fair value of the asset or asset group is based on discounted future cash flows of the asset or asset group using a discount rate commensurate with the related risk. For operating lease assets, the Company determines the estimated fair value of the assets by discounting the estimated market rental rates using available valuation techniques.
See Note 7 of Notes to Consolidated Financial Statements for related disclosures.
Impairment of Goodwill and Intangible Assets
We review the carrying amount of goodwill and other indefinite-lived intangible assets for impairment annually in the fourth quarter of the fiscal year and whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Events that result in an impairment review include significant changes in the business climate, declines in our operating results, or an expectation that the carrying amount may not be recoverable. We assess potential impairment by considering present economic conditions as well as future expectations. If goodwill is considered impaired, we recognize a loss equal to the difference between the carrying amount and the estimated fair value of the reporting unit.
A trade name is considered impaired if the carrying amount exceeds its estimated fair value. If a trade name is considered impaired, we recognize a loss equal to the difference between the carrying amount and the estimated fair value of the trade name. The fair value of a trade name is determined using the relief from royalty method, which requires management to make assumptions and to apply judgment, including forecasting future sales, and selecting appropriate discount rates and royalty rates.
Goodwill and other indefinite-lived intangible assets, including the trade names, are recorded within other long-term assets on the Consolidated Balance Sheets.
See Note 5 of Notes to Consolidated Financial Statements for related disclosures.
Advertising
Costs associated with the production of advertising, such as photoshoot, printing, and other costs, are expensed as incurred. Costs associated with communicating advertising that has been produced, such as television, magazine, and digital and social media costs, are expensed when the advertising event takes place or is made available. Advertising expense was $778 million, $780 million, and $882 million in fiscal 2025, 2024, and 2023, respectively, and is recorded within operating expenses on the Consolidated Statements of Operations.
Share-Based Compensation
Share-based compensation expense for stock options and other stock awards is determined based on the grant-date fair value. For units granted, whereby shares of common stock are issued for units as they vest (“Stock Units”), the fair value is determined either based on the Company’s stock price on the date of grant less future expected dividends during the vesting period or a Monte Carlo method for certain Stock Units granted with a market condition. We use the Black-Scholes-Merton option-pricing model to determine the fair value of stock options; however, no stock options were issued to employees during fiscal 2025, 2024, or 2023. For Stock Units and stock options, we recognize share-based compensation cost over the vesting period. We account for forfeitures as they occur. Share-based compensation expense is recorded primarily within operating expenses on the Consolidated Statements of Operations.
See Note 10 of Notes to Consolidated Financial Statements for related disclosures.
Foreign Currency
Our international subsidiaries primarily use local currencies as their functional currency and translate their assets and liabilities at the current rate of exchange in effect at the balance sheet date. Revenue and expenses from their operations are translated using rates that approximate those in effect during the period in which the transactions occur. The resulting gains and losses from translation are recorded on the Consolidated Statements of Comprehensive Income and in accumulated other comprehensive income ("OCI") on the Consolidated Statements of Stockholders’ Equity. Transaction gains and losses resulting from intercompany balances of a long-term investment nature are also classified as accumulated OCI. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the local functional currency are recorded within operating expenses on the Consolidated Statements of Operations.
The aggregate transaction gains and losses recorded within operating expenses on the Consolidated Statements of Operations are as follows:
 Fiscal Year
($ in millions)202520242023
Foreign currency transaction gain (loss)
$30 $(37)$(9)
Realized and unrealized gain (loss) from certain derivative financial instruments
(18)35 11 
Net foreign exchange gain (loss)$12 $(2)$2 
Income Taxes
Deferred income taxes are recorded for temporary differences between the tax basis of assets and liabilities and their reported amounts on the Consolidated Financial Statements. Valuation allowances are established against deferred tax assets when it is more likely than not that some portion or all of the deferred tax assets will not be realized.
Our income tax expense includes changes in our estimated liability for exposures associated with our various tax filing positions. At any point in time, many tax years are subject to or in the process of being audited by various taxing authorities. To the extent our estimates of settlements change or the final tax outcome of these matters is different from the amounts recorded, such differences will impact the income tax provision in the period in which such determinations are made.
The Company recognizes interest related to unrecognized tax benefits in interest expense and penalties related to unrecognized tax benefits in operating expenses on the Consolidated Statements of Operations.
The Company has made an accounting policy election to treat taxes due on the global intangible low-taxed income (“GILTI”) of foreign subsidiaries as a current period expense.
Earnings per Share
Basic earnings per share is computed as net income divided by basic weighted-average number of common shares outstanding for the period. Diluted earnings per share is computed as net income divided by diluted weighted-average number of common shares outstanding for the period including common stock equivalents. Common stock equivalents consist of shares subject to share-based awards with exercise prices less than the average market price of our common stock for the period, to the extent their inclusion would be dilutive. Stock options and other stock awards that contain performance conditions are not included in the calculation of common stock equivalents until such performance conditions have been achieved.
See Note 13 of Notes to Consolidated Financial Statements for related disclosures.    
Recent Accounting Pronouncements
Except as noted below, the Company has considered all recent accounting pronouncements and concluded that there are no recent accounting pronouncements that may have a material impact on the Consolidated Financial Statements and disclosures, based on current information.
Accounting Pronouncement Recently Adopted
ASU No. 2023-09, Improvements to Income Tax Disclosures
In December 2023, the Financial Accounting Standards Board ("FASB") issued accounting standards update ("ASU") No. 2023-09, Improvements to Income Tax Disclosures. The ASU is intended to improve the transparency of income tax disclosures by requiring consistent categories and greater disaggregation of information in the rate reconciliation, as well as income taxes paid disaggregated by jurisdiction. The ASU is effective for annual periods beginning after December 15, 2024. We adopted this ASU on a prospective basis for the fiscal year ended January 31, 2026. See Note 4 of Notes to Consolidated Financial Statements for related disclosures.
Accounting Pronouncements Not Yet Adopted
ASU No. 2024-03, Disaggregation of Income Statement Expenses
In November 2024, the FASB issued ASU No. 2024-03, Disaggregation of Income Statement Expenses. The ASU is intended to improve financial reporting by requiring disaggregated disclosure of certain costs and expenses. The ASU is effective for fiscal years beginning after December 15, 2026 and for interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The ASU may be applied on either a prospective or retrospective basis. We are currently assessing the impact that this ASU will have on the Company's disclosures.
ASU No. 2025-06, Targeted Improvements to the Accounting for Internal-Use Software
In September 2025, the FASB issued ASU No. 2025-06, Targeted Improvements to the Accounting for Internal-Use Software. The ASU is intended to clarify and modernize the accounting for costs related to internal-use software. The ASU is effective for fiscal years and interim periods within those years beginning after December 15, 2027, with early adoption permitted. The ASU may be applied using a prospective, retrospective, or modified transition approach. We are currently assessing the impact that this ASU will have on the Company's Consolidated Financial Statements and related disclosures.
ASU No. 2025-09, Hedge Accounting Improvements
In November 2025, the FASB issued ASU No. 2025-09, Hedge Accounting Improvements. The ASU is intended to more closely align hedge accounting with the economics of risk management activities. The ASU is effective for fiscal years and interim periods within those years beginning after December 15, 2026, with early adoption permitted. The ASU should be applied on a prospective basis. We are currently assessing the impact that this ASU will have on the Company's Consolidated Financial Statements and related disclosures.
v3.26.1
Additional Financial Statement Information
 12 Months Ended
Jan. 31, 2026
Additional Financial Statement Information [Abstract]  
Additional Financial Information Disclosure [Text Block] Additional Financial Statement Information
Cash and Cash Equivalents
Cash and cash equivalents consist of the following:
($ in millions)January 31,
2026		February 1,
2025
Cash (1)$2,193 $2,025 
Money market funds413 302 
Time deposits and other debt securities
10 8 
Cash and cash equivalents$2,616 $2,335 
__________
(1)Cash includes $87 million and $67 million of amounts in transit from banks for customer credit card and debit card transactions as of January 31, 2026 and February 1, 2025, respectively.
Short-Term Investments
Short-term investments consist of the following:
($ in millions)January 31,
2026		February 1,
2025
U.S. treasury securities
$204 $132 
Corporate securities
182 121 
Short-term investments
$386 $253 
Other Current Assets
Other current assets consist of the following:
($ in millions)January 31,
2026		February 1,
2025
Accounts receivable
$316 $301 
Right of returns asset30 27 
Other222 220 
Other current assets$568 $548 
Property and Equipment
Property and equipment are stated at cost less accumulated depreciation and consist of the following:
($ in millions)January 31,
2026		February 1,
2025
Furniture and equipment$2,919 $2,816 
Leasehold improvements2,215 2,178 
Land, buildings, and building improvements1,246 1,145 
Software
1,140 1,118 
Construction-in-progress101 169 
Property and equipment, at cost7,621 7,426 
Less: Accumulated depreciation(5,114)(4,930)
Property and equipment, net of accumulated depreciation$2,507 $2,496 
Depreciation expense for property and equipment was $490 million, $492 million, and $513 million for fiscal 2025, 2024, and 2023, respectively.
Interest of $4 million, $6 million, and $5 million related to assets under construction was capitalized in fiscal 2025, 2024, and 2023, respectively.
See Note 7 of Notes to Consolidated Financial Statements for information regarding impairment charges.
Other Long-Term Assets
Other long-term assets consist of the following:
($ in millions)January 31,
2026		February 1,
2025
Long-term income tax-related assets$466 $533 
Goodwill207 207 
Trade names59 59 
Other173 147 
Other long-term assets$905 $946 
See Note 5 of Notes to Consolidated Financial Statements for additional disclosures on goodwill and other intangible assets.
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consist of the following:
($ in millions)January 31,
2026		February 1,
2025
Accrued compensation and benefits$379 $442 
Deferred revenue
272 273 
Sales return allowances
65 60 
Accrued advertising53 76 
Other275 232 
Accrued expenses and other current liabilities$1,044 $1,083 
Other Long-Term Liabilities
Other long-term liabilities consist of the following:
($ in millions)January 31,
2026		February 1,
2025
Long-term income tax-related liabilities$381 $344 
Long-term asset retirement obligations (1)29 27 
Other144 151 
Other long-term liabilities$554 $522 
__________
(1)The net activity related to asset retirement obligations includes adjustments to the asset retirement obligation balance and fluctuations in foreign currency exchange rates.
v3.26.1
Revenue (Notes)
 12 Months Ended
Jan. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] Revenue
We disaggregate our net sales by channel and also by brand and region. Net sales by region are allocated based on the location of the store where the customer paid for and received the merchandise; the distribution center or store from which the products were shipped; or the region of the franchise or licensing partner.
Net sales disaggregated by channel for fiscal 2025, 2024, and 2023 are as follows:
Fiscal Year
($ in millions)20252024
2023 (2)
Store and franchise sales
$9,385 $9,332 $9,346 
Online sales (1)
5,981 5,754 5,543 
Total net sales$15,366 $15,086 $14,889 
__________
(1)Online sales primarily include sales originating from our online channel including those that are picked up or shipped from stores and net sales from revenue-generating strategic initiatives.
(2)Fiscal 2023 includes incremental sales attributable to the 53rd week.
Net sales disaggregated by brand and region are as follows:
($ in millions)Old Navy GlobalGap GlobalBanana
Republic Global		Athleta Global
Other (3)
Total
Fiscal 2025
U.S. (1)$7,952 $2,679 $1,667 $1,185 $73 $13,556 
Canada648 324 173 31 — 1,176 
Other regions
57 498 76 3 — 634 
Total $8,657 $3,501 $1,916 $1,219 $73 $15,366 
($ in millions) Old Navy GlobalGap GlobalBanana
Republic Global		Athleta Global
Other (3)
Total
Fiscal 2024
U.S. (1)$7,706 $2,531 $1,682 $1,311 $65 $13,295 
Canada649 326 168 39 — 1,182 
Other regions
46 477 83 3 — 609 
Total $8,401 $3,334 $1,933 $1,353 $65 $15,086 
($ in millions) Old Navy GlobalGap GlobalBanana
Republic Global 		Athleta Global
Other (3)
Total
Fiscal 2023 (2)
U.S. (1)$7,460 $2,470 $1,681 $1,310 $46 $12,967 
Canada674 332 170 45 — 1,221 
Other regions
69 539 88 5 — 701 
Total $8,203 $3,341 $1,939 $1,360 $46 $14,889 
__________
(1)U.S. includes the United States and Puerto Rico.
(2)Fiscal 2023 includes incremental sales attributable to the 53rd week.
(3)Primarily consists of net sales from revenue-generating strategic initiatives.
We defer revenue when cash payments are received in advance of performance for unsatisfied obligations related to our gift cards, licensing agreements, outstanding loyalty points, and reimbursements of loyalty program rewards associated with our credit card agreement. For fiscal 2025, the opening balance of deferred revenue for these obligations was $273 million, of which $175 million was recognized as revenue during the period. The closing balance of deferred revenue for these obligations was $272 million as of January 31, 2026.
For fiscal 2024, the opening balance of deferred revenue for these obligations was $337 million, of which $233 million was recognized as revenue during the period. The closing balance of deferred revenue for these obligations was $273 million as of February 1, 2025.
In April 2021, the Company entered into agreements with Barclays and Mastercard relating to the Credit Card programs. The Company received an upfront payment of $60 million related to the agreements prior to the program launch in May 2022, which is being recognized as revenue over the term of the agreements. We also receive revenue sharing from our credit card agreement for private label and co-branded credit cards.
v3.26.1
Income Taxes
 12 Months Ended
Jan. 31, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
For financial reporting purposes, components of income before income taxes are as follows:
 Fiscal Year
($ in millions)202520242023
United States$982 $977 $463 
Foreign150 160 93 
Income before income taxes$1,132 $1,137 $556 
The tax expense for income taxes consists of the following:
 Fiscal Year
($ in millions)202520242023
Current:
Federal$167 $194 $63 
State38 29 12 
Foreign42 43 43 
Total current247 266 118 
Deferred:
Federal49 (1)(40)
State13 21 (6)
Foreign7 7 (18)
Total deferred69 27 (64)
Total tax expense$316 $293 $54 
For fiscal 2025, the difference between tax expense and income before taxes at the U.S. federal statutory tax rate, and between the effective tax rate and the U.S. federal statutory tax rate, is as follows:
 Fiscal Year
($ in millions)2025
Income before taxes at federal statutory tax rate$238 21.0 %
State and local income taxes, net of federal benefit (1)50 4.4 
Tax impact of foreign operations17 1.5 
Effect of cross-border tax laws:
U.S. tax on branch income or loss(13)(1.1)
Other(5)(0.4)
Tax credits:
Research and development credits(13)(1.1)
Other(2)(0.2)
Changes in valuation allowance16 1.4 
Nontaxable and nondeductible items:
Nondeductible compensation15 1.3 
Other(3)(0.3)
Changes in unrecognized tax benefits16 1.4 
Total tax expense and effective tax rate$316 27.9 %
__________
(1)State and local income taxes in New York, California, New Jersey, New York City, Illinois, Florida, and Pennsylvania make up the majority (greater than 50 percent) of the tax effect in this category.
In accordance with the guidance prior to the adoption of ASU No. 2023-09, the difference between the effective tax rate and the U.S. federal statutory tax rate for fiscal 2024 and 2023 is as follows:
 Fiscal Year
 20242023
Federal statutory tax rate21.0 %21.0 %
State and local income taxes, net of federal benefit4.4 2.5 
Tax impact of foreign operations(2.4)(0.7)
Valuation allowances3.5 (11.0)
Impact of divestiture activity— (1.6)
Other(0.7)(0.5)
Effective tax rate25.8 %9.7 %
During fiscal 2023, we recorded a $65 million benefit for changes in U.S. and foreign valuation allowances and a $32 million benefit related to a U.S. transfer pricing settlement related to our sourcing activities.
Total cash paid for income taxes, net of refunds, by jurisdiction for fiscal 2025 is as follows:
 Fiscal Year
($ in millions)2025
Cash paid for income taxes during the period, net of refunds:
Federal$163 
State55 
Foreign17 
Total cash paid during the period for income taxes, net of refunds$235 
Deferred tax assets (liabilities) consist of the following:
($ in millions)January 31,
2026		February 1,
2025
Gross deferred tax assets:
Operating lease liabilities$1,061 $1,037 
Accrued payroll and related benefits103 108 
Accruals187 177 
Inventory capitalization and other adjustments53 51 
Deferred income43 43 
Federal, state, and foreign net operating losses188 179 
Other64 49 
Total gross deferred tax assets1,699 1,644 
Valuation allowances(311)(261)
Total deferred tax assets, net of valuation allowances1,388 1,383 
Deferred tax liabilities:
Depreciation and amortization(159)(126)
Operating lease assets(883)(839)
Other(14)(18)
Total deferred tax liabilities(1,056)(983)
Net deferred tax assets$332 $400 
As of January 31, 2026, we had approximately $766 million of state and $603 million of foreign loss carryovers in multiple taxing jurisdictions that could be utilized to reduce tax liabilities of future years. We also had approximately $61 million of foreign tax credit carryovers as of January 31, 2026.
Approximately $628 million of state losses expire between fiscal 2026 and fiscal 2045, and $138 million of the state losses do not expire. Approximately $243 million of the foreign losses expire between fiscal 2026 and fiscal 2045, and $360 million of the foreign losses do not expire. The foreign tax credits begin to expire in fiscal 2029.
Valuation allowances are recorded if, based on the assessment of available evidence, it is more likely than not that some portion, or all, of the deferred tax asset will not be realized. Management must analyze all available positive and negative evidence regarding realization of the deferred tax assets and make an assessment of the likelihood of sufficient future taxable income. We have provided valuation allowances of $311 million on certain federal, state, and foreign deferred tax assets that were not deemed realizable based upon estimates of future taxable income.
On July 4, 2025, the One Big Beautiful Bill Act of 2025 (the “OBBBA”) was enacted in the United States. The Company included the impact of the OBBBA tax legislation in the second quarter of fiscal 2025, the period of enactment, and the impact was not material to the Consolidated Financial Statements.
The activity related to our unrecognized tax benefits is as follows: 
 Fiscal Year
($ in millions)202520242023
Balance at beginning of fiscal year$374 $343 $344 
Increases related to current year tax positions15 13 12 
Prior year tax positions:
Increases4 22 21 
Decreases(1)(1)(30)
Lapse of Statute of Limitations(1)(1)(1)
Cash settlements— (1)(3)
Foreign currency translation3 (1)— 
Balance at end of fiscal year$394 $374 $343 
Of the total unrecognized tax benefits as of January 31, 2026, February 1, 2025, and February 3, 2024, approximately $373 million, $354 million, and $325 million, respectively, represents the amount that, if recognized, would favorably affect the effective income tax rate in future periods.
During fiscal 2025, 2024, and 2023, net interest expense of $22 million, $17 million, and $4 million, respectively, has been recognized on the Consolidated Statements of Operations relating to income tax liabilities.
As of January 31, 2026 and February 1, 2025, the Company had total accrued interest related to income tax liabilities of $88 million and $66 million, respectively. There were no accrued penalties related to income tax liabilities as of January 31, 2026 or February 1, 2025.
The Company conducts business globally, and as a result, files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. In the normal course of business, we are subject to examination by taxing authorities throughout the world, including such major jurisdictions as the United States, Canada, France, the United Kingdom, China, Hong Kong, Japan, and India. We are no longer subject to U.S. federal income tax examinations for fiscal years before 2009, and with few exceptions, we also are no longer subject to U.S. state, local, or non-U.S. income tax examinations for fiscal years before 2010.
The IRS has examined the Company’s federal income tax returns and has sought to disallow research credits for tax years 2009 through 2013. Having exhausted all administrative avenues, the Company filed a petition in U.S. Tax Court on December 20, 2024. The Company believes the research credits taken are appropriate and intends to defend its position. The gross amount of research credits at issue for tax years 2009 through 2013 is approximately $41 million.
v3.26.1
Goodwill and Trade Names
 12 Months Ended
Jan. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block] Goodwill and Other Intangible Assets
The following goodwill and other intangible assets are included in other long-term assets on the Consolidated Balance Sheets:
($ in millions)January 31,
2026		February 1,
2025
Goodwill$207 $207 
Trade names$59 $59 
Intangible assets subject to amortization $54 $54 
Less: Accumulated amortization(50)(44)
Intangible assets subject to amortization, net$4 $10 
The amortization expense for intangible assets subject to amortization recorded in cost of goods sold and occupancy expenses on the Consolidated Statements of Operations was $6 million, $8 million, and $9 million for fiscal 2025, 2024, and 2023, respectively.
We did not recognize any impairment charges for goodwill or other intangible assets in fiscal 2025, 2024, or 2023.
v3.26.1
Debt
 12 Months Ended
Jan. 31, 2026
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block] Debt and Credit Facilities
Long-term debt recorded on the Consolidated Balance Sheets consists of the following:
($ in millions)January 31,
2026		February 1,
2025
   2029 Notes$750 $750 
   2031 Notes750 750 
Less: Unamortized debt issuance costs(8)(10)
Total long-term debt$1,492 $1,490 
The scheduled maturity of the Senior Notes is as follows:
($ in millions)PrincipalInterest RateInterest Payments
October 1, 2029 (1)$750 3.625%Semi-Annual
October 1, 2031 (2)750 3.875%Semi-Annual
Total issuance$1,500 
__________
(1)On or after October 1, 2024, includes an option to redeem the 2029 Notes, in whole or in part at any time, at stated redemption prices.
(2)Includes an option to redeem the 2031 Notes, in whole or in part at any time, subject to a make-whole premium, prior to October 1, 2026. On or after October 1, 2026, includes an option to redeem the 2031 Notes, in whole or in part at any time, at stated redemption prices.
We have $1.5 billion aggregate principal amount of the 3.625 percent senior notes due 2029 ("2029 Notes") and 3.875 percent senior notes due 2031 ("2031 Notes") (the 2029 Notes and the 2031 Notes, collectively, the "Senior Notes"). As of January 31, 2026, the aggregate estimated fair value of the Senior Notes was $1.41 billion and was based on the quoted market prices for each of the Senior Notes (level 1 inputs) as of the last business day of the fiscal year. The aggregate principal amount of the Senior Notes is recorded in long-term debt on the Consolidated Balance Sheet, net of the unamortized debt issuance costs.
Our ABL Facility has a $2.2 billion borrowing capacity and generally bears interest at a per annum rate based on Secured Overnight Financing Rate ("SOFR") (subject to a zero floor) plus a margin, depending on borrowing base availability. The ABL Facility is scheduled to expire in July 2027 and is available for working capital, capital expenditures, and other general corporate purposes.
There were no borrowings under the ABL Facility as of January 31, 2026 and February 1, 2025.
We also have the ability to issue letters of credit on our ABL Facility. As of January 31, 2026, we had $45 million in standby letters of credit issued under the ABL Facility.
The Senior Notes contain covenants that may limit the Company’s ability to, among other things: (i) grant or incur liens and (ii) enter into sale and lease-back transactions. The Senior Notes are fully and unconditionally guaranteed on a senior unsecured basis, jointly and severally, by each of our existing wholly owned domestic subsidiaries that is a borrower or guarantor under our existing ABL Facility. These guarantees also extend to each of our future wholly owned domestic subsidiaries that is a borrower or guarantor under any credit facility of the Company, any guarantor, a guarantor of capital markets debt of the Company, or any guarantor in an aggregate principal amount in excess of a certain amount.
The ABL Facility is secured by specified U.S. and Canadian assets, including a first lien on inventory, certain receivables, and related assets. The ABL Facility contains customary covenants restricting the Company's activities, as well as those of its subsidiaries, including limitations on the ability to sell assets, engage in mergers or other fundamental changes, enter into capital leases or certain leases not in the ordinary course of business, enter into transactions involving related parties or derivatives, incur or prepay indebtedness, grant liens or negative pledges on its assets, make loans or other investments, pay dividends or repurchase stock or other securities, guarantee third-party obligations, engage in sale and lease-back transactions and make changes in its corporate structure. There are exceptions to these covenants, and some are only applicable when unused availability falls below specified thresholds. In addition, the ABL Facility includes, as a financial covenant, a springing fixed charge coverage ratio which arises when availability falls below a specified threshold.
v3.26.1
Fair Value Measurements
 12 Months Ended
Jan. 31, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The Company measures certain financial assets and liabilities at fair value on a recurring basis. The Company categorizes financial assets and liabilities recorded at fair value based upon a three-level hierarchy that considers the related valuation techniques.
There were no material purchases, sales, issuances, or settlements related to recurring level 3 measurements during fiscal 2025 or 2024.
Financial Assets and Liabilities
Financial assets and liabilities measured at fair value on a recurring basis and cash equivalents are as follows:
  
 Fair Value Measurements at Reporting Date Using
($ in millions)January 31,
2026		Quoted Prices in
Active Markets for
Identical Assets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Assets:
Cash equivalents$423 $413 $10 $— 
Short-term investments386 204 182 — 
Derivative financial instruments8 — 8 — 
Deferred compensation plan assets42 42 — — 
Other assets6 — — 6 
Total$865 $659 $200 $6 
Liabilities:
Derivative financial instruments$9 $— $9 $— 
  
 Fair Value Measurements at Reporting Date Using
($ in millions)February 1,
2025		Quoted Prices in
Active Markets for
Identical Assets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Assets:
Cash equivalents$310 $302 $8 $— 
Short-term investments253 132 121 — 
Derivative financial instruments33 — 33 — 
Deferred compensation plan assets36 36 — — 
Other assets 3 — — 3 
Total$635 $470 $162 $3 
Liabilities:
Derivative financial instruments$— $— $— $— 
We have highly liquid fixed and variable income investments classified as cash equivalents and short-term investments. All highly liquid investments with original maturities of three months or less at the time of purchase are classified as cash and cash equivalents on the Consolidated Balance Sheets. Our cash equivalents are comprised of money market funds and time deposits recorded at amortized cost, which approximates fair value, as well as debt securities recorded at fair value using market prices for identical or similar assets. We also have highly liquid investments with original maturities of greater than three months and less than two years that are classified as short-term investments on the Consolidated Balance Sheets. These debt securities are also recorded at fair value using market prices for identical or similar assets.
There were no material realized or unrealized gains or losses or impairment charges related to short-term investments during fiscal 2025 or 2024.
Derivative financial instruments primarily include foreign exchange forward contracts. See Note 8 of Notes to Consolidated Financial Statements for information regarding currencies hedged against the U.S. dollar.
We maintain the Gap, Inc. Deferred Compensation Plan (“DCP”), which allows eligible employees to defer base compensation and annual bonus up to a maximum percentage, and non-employee directors to defer receipt of a portion of their Board fees. Plan investments are directed by participants and are recorded at market value and designated for the DCP. The fair value of the Company’s DCP assets is determined based on quoted market prices, and the assets are recorded within other long-term assets on the Consolidated Balance Sheets.
See Note 12 of Notes to Consolidated Financial Statements for information regarding employee benefit plans.
Nonfinancial Assets
Long-lived assets, which for us primarily consist of property and equipment and operating lease assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. The estimated fair value of the long-lived assets is based on discounted future cash flows of the asset or asset group using a discount rate commensurate with the risk. For operating lease assets, the Company determines the estimated fair value of the assets by comparing discounted contractual rent payments to estimated market rental rates using available valuation techniques. These fair value measurements qualify as level 3 measurements in the fair value hierarchy.
There were no material impairment charges recorded for long-lived assets during fiscal 2025, 2024, or 2023.
See Note 1 of Notes to Consolidated Financial Statements for further information regarding the impairment of long-lived assets.
v3.26.1
Derivative Financial Instruments
 12 Months Ended
Jan. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
We operate in foreign countries, which exposes us to market risk associated with foreign currency exchange rate fluctuations. We use derivative financial instruments to manage our exposure to foreign currency exchange rate risk and do not enter into derivative financial contracts for trading purposes. Consistent with our risk management guidelines, we hedge a portion of our transactions related to merchandise purchases for foreign operations and certain intercompany transactions using foreign exchange forward contracts. These contracts are entered into with large, reputable financial institutions that are monitored for counterparty risk. The currencies hedged against changes in the U.S. dollar are the Canadian dollar, Japanese yen, British pound, New Taiwan dollar, and Euro. Cash flows from derivative financial instruments are classified as cash flows from operating activities on the Consolidated Statements of Cash Flows.
Derivative financial instruments are recorded at fair value on the Consolidated Balance Sheets as other current assets, other long-term assets, accrued expenses and other current liabilities, or other long-term liabilities.
Cash Flow Hedges
We designate foreign exchange forward contracts used to hedge forecasted merchandise purchases and related costs denominated in U.S. dollars made by our international subsidiaries whose functional currencies are their local currencies as cash flow hedges. The foreign exchange forward contracts entered into to hedge forecasted merchandise purchases and related costs generally have terms of up to 24 months. The effective portion of the gain or loss on the derivative financial instruments is reported as a component of other comprehensive income and is recognized into net income during the period in which the underlying transaction impacts the Consolidated Statements of Operations.
Other Derivatives Not Designated as Hedging Instruments
We use foreign exchange forward contracts to hedge our market risk exposure associated with foreign currency exchange rate fluctuations for certain intercompany balances denominated in currencies other than the functional currency of the entity with the intercompany balance. The gain or loss on the derivative financial instruments that represent economic hedges, as well as the remeasurement impact of the underlying intercompany balances, is recorded in operating expenses on the Consolidated Statements of Operations in the same period and generally offset each other.
Outstanding Notional Amounts
As of January 31, 2026 and February 1, 2025, we had foreign exchange forward contracts outstanding in the following notional amounts:
($ in millions)January 31,
2026		February 1,
2025
Derivatives designated as cash flow hedges$426 $363 
Derivatives not designated as hedging instruments414 419 
Total$840 $782 
Quantitative Disclosures about Derivative Financial Instruments
The fair values of foreign exchange forward contracts are as follows:
($ in millions)January 31,
2026		February 1,
2025
Derivatives designated as cash flow hedges:
Other current assets$7 $20 
Accrued expenses and other current liabilities2 — 
Derivatives not designated as hedging instruments:
Other current assets1 13 
Accrued expenses and other current liabilities7 — 
Total derivatives in an asset position$8 $33 
Total derivatives in a liability position$9 $— 
All of the unrealized gains and losses from designated cash flow hedges as of January 31, 2026 will be recognized in income within the next 12 months at the then-current values, which may differ from the fair values as of January 31, 2026 shown above.
Our foreign exchange forward contracts are subject to master netting arrangements with each of our counterparties and such arrangements are enforceable in the event of default or early termination of the contract. We do not elect to offset the fair values of our derivative financial instruments on the Consolidated Balance Sheets and as such the fair values shown above represent gross amounts. The amounts subject to enforceable master netting arrangements are not material for all periods presented.
See Note 7 of Notes to Consolidated Financial Statements for disclosures on the fair value measurements of our derivative financial instruments.
The pre-tax amounts recognized in net income related to derivative instruments are as follows:
Location and Amount of (Gain) Loss Recognized in Net Income
Fiscal Year 2025Fiscal Year 2024Fiscal Year 2023
($ in millions)Cost of goods sold and occupancy expensesOperating expensesCost of goods sold and occupancy expensesOperating expensesCost of goods sold and occupancy expensesOperating expenses
Total amount of expense line items presented on the Consolidated Statements of Operations in which the effects of derivatives are recorded$9,098 $5,153 $8,859 $5,115 $9,114 $5,215 
(Gain) Loss recognized in net income:
Derivatives designated as cash flow hedges $(9)$— $(15)$— $(18)$— 
Derivatives not designated as hedging instruments— 18 — (35)— (11)
Total (gain) loss recognized in net income
$(9)$18 $(15)$(35)$(18)$(11)
v3.26.1
Common Stock
 12 Months Ended
Jan. 31, 2026
Common Stock, Number of Shares, Par Value and Other Disclosure [Abstract]  
Common Stock Issuance and Repurchases Common Stock
Common and Preferred Stock
The Company is authorized to issue 2.3 billion shares of common stock. We are also authorized to issue 60 million shares of Class B common stock, which is convertible into shares of common stock on a share-for-share basis. Transfer of the Class B shares is restricted. In addition, the holders of the Class B common stock have six votes per share on most matters and are entitled to a lower cash dividend. No Class B shares have been issued as of January 31, 2026.
The Company is authorized to issue 30 million shares of one or more series of preferred stock, which has a par value of $0.05 per share, and to establish at the time of issuance the issue price, dividend rate, redemption price, liquidation value, conversion features, and such other terms and conditions of each series (including voting rights) as the Board deems appropriate, without further action on the part of the stockholders. No preferred shares have been issued as of January 31, 2026.
Share Repurchases
Share repurchase activity is as follows:
  
Fiscal Year
($ and shares in millions except average per share cost)202520242023
Number of shares repurchased (1)7 3 — 
Total cost$155 $75 $— 
Average per share cost including commissions$21.46 $23.86 $— 
__________
(1)Excludes shares withheld to settle employee tax withholding payments related to the vesting of stock units.
In February 2019, the Board approved a $1.0 billion share repurchase authorization. The February 2019 repurchase program had $246 million remaining as of January 31, 2026.
In February 2026, the Board approved a new $1.0 billion share repurchase authorization which superseded and replaced the February 2019 repurchase program.
All common stock repurchased is immediately retired.
v3.26.1
Share-Based Compensation
 12 Months Ended
Jan. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation Share-Based Compensation
Share-based compensation expense is as follows:
  
Fiscal Year
($ in millions)202520242023
Stock Units
$158 $121 $74 
Stock options1 2 3 
Employee stock purchase plan3 3 3 
Share-based compensation expense162 126 80 
Less: Income tax benefit(26)(22)(14)
Share-based compensation expense, net of tax$136 $104 $66 
No material share-based compensation expense was capitalized in fiscal 2025, 2024, or 2023.
There were no material modifications made to our outstanding stock options and Stock Units in fiscal 2025, 2024, or 2023.
General Description of Stock Option and Stock Unit Plans
The 2016 Long-Term Incentive Plan (the "2016 Plan") was last amended and restated in July 2024. Under the 2016 Plan, nonqualified stock options and Stock Units are granted to officers, directors, eligible employees, and consultants at exercise prices or initial values equal to the fair market value of the Company’s common stock at the date of grant or as determined by the Compensation and Management Development Committee of the Board.
As of January 31, 2026, there were 311,586,781 shares that have been authorized for issuance under the 2016 Plan.
Stock Units
Under the 2016 Plan, Stock Units are granted to employees and members of the Board. Vesting generally occurs over a period of three to four years of continued service by the employee in equal annual installments for the majority of the Stock Units granted. Vesting is immediate in the case of members of the Board.
In some cases, Stock Unit vesting is also subject to the attainment of pre-determined performance metrics and the satisfaction of market conditions ("Performance Shares") over a three-year performance period. At the end of each reporting period, we evaluate the probability that the Performance Shares will vest. We record share-based compensation expense on an accelerated basis over a period of three to four years once granted, based on the grant-date fair value and the probability that the pre-determined performance metrics will be achieved. We use the Monte Carlo method to calculate the grant-date fair value of Performance Shares containing a market condition. The Monte Carlo method incorporates option-pricing model inputs to value the Performance Shares and estimate the total shareholder return ranking among our peer group.
A summary of Stock Unit activity under the 2016 Plan for fiscal 2025 is as follows:
SharesWeighted-Average
Grant-Date
Fair Value Per Share
Balance as of February 1, 202517,848,050 $16.28 
Granted6,083,346 $19.21 
Granted, with vesting subject to performance and market conditions (1)2,258,207 $21.37 
Change due to performance and market conditions achievements (2)(1,304,452)$12.42 
Vested(5,472,197)$15.85 
Forfeited(2,350,163)$17.50 
Balance as of January 31, 202617,062,791 $18.27 
__________
(1)Based on the target level of performance and market conditions.
(2)Reflects change due to performance and market conditions that were certified during the period.
A summary of additional information about Stock Units is as follows:
 Fiscal Year
($ in millions except per share amounts)
202520242023
Weighted-average fair value per share of Stock Units granted$19.79 $23.89 $9.41 
Fair value of Stock Units vested$87 $68 $82 
The aggregate intrinsic value of unvested Stock Units as of January 31, 2026 was $477 million.
As of January 31, 2026, there was $200 million (before any related tax benefit) of unrecognized share-based compensation expense related to unvested Stock Units, which is expected to be recognized over a weighted-average period of 1.6 years. Total unrecognized share-based compensation expense may be adjusted for future forfeitures as they occur.
Stock Options
We have stock options outstanding under the 2016 Plan. Stock options generally expire the earlier of 10 years from the grant date, three months after employee termination, or one year after the date of an employee’s retirement or death. Vesting generally occurs over a period of four years of continued service by the employee, with 25 percent vesting on each of the four anniversary dates.
There were no stock options issued to employees during fiscal 2025, 2024, or 2023.
A summary of stock option activity under the 2016 Plan for fiscal 2025 is as follows:
SharesWeighted-
Average
Exercise Price Per Share
Balance as of February 1, 20253,144,247 $24.21 
Exercised(374,575)$15.15 
Forfeited/Expired(246,158)$32.92 
Balance as of January 31, 20262,523,514 $24.71 
A summary of additional information about stock options is as follows: 
 Fiscal Year
($ in millions except per share amounts)
202520242023
Aggregate intrinsic value of stock options exercised$4 $17 $7 
Fair value of stock options vested$1 $3 $6 
Information about stock options outstanding and exercisable as of January 31, 2026 is as follows:
Intrinsic Value as of January 31, 2026
(in millions)		Number of
Shares as of
January 31, 2026		Weighted-
Average
Remaining
Contractual
Life (in years)		Weighted-
Average
Exercise Price Per Share
Options Outstanding $12 2,523,514 2.8$24.71 
Options Exercisable $11 2,429,305 2.7$25.13 
Employee Stock Purchase Plan
Under our Employee Stock Purchase Plan (“ESPP”), eligible U.S. and Canadian employees are able to purchase our common stock at 85 percent of the closing price on the New York Stock Exchange on the last day of the three-month purchase periods. Accordingly, compensation expense is recognized for an amount equal to the 15 percent discount. Employees pay for their stock purchases through payroll deductions at a rate equal to any whole percentage from 1 percent to 15 percent. There were 963,596, 935,816, and 1,945,332 shares issued under the ESPP in fiscal 2025, 2024 and 2023, respectively. As of January 31, 2026, there were 8,737,120 shares reserved for future issuances under the ESPP.
v3.26.1
Leases
 12 Months Ended
Jan. 31, 2026
Leases [Abstract]  
Lessee, Operating Leases [Text Block] Leases
Net lease cost recognized on the Consolidated Statements of Operations is summarized as follows:
Fiscal Year
($ in millions)202520242023
Operating lease cost $907 $891 $823 
Variable lease cost 337 363 443 
Net lease cost $1,244 $1,254 $1,266 
As of January 31, 2026, the maturities of lease liabilities based on the total minimum lease commitment amount including options to extend lease terms that are reasonably certain of being exercised are as follows:
($ in millions)
Fiscal Year
2026$860 
2027824 
2028710 
2029609 
2030487 
Thereafter1,737 
Total minimum lease payments5,227 
Less: Interest(1,108)
Present value of operating lease liabilities4,119 
Less: Current portion of operating lease liabilities(634)
Long-term operating lease liabilities$3,485 
During fiscal 2025, 2024, and 2023, non-cash operating lease asset activity, net of remeasurements and modifications, was $841 million, $784 million, and $544 million, respectively. As of January 31, 2026 and February 1, 2025, the minimum lease commitment amount for operating leases signed but not yet commenced, primarily for retail stores, was $212 million and $59 million, respectively. The increase is primarily related to a retail store lease in Herald Square, New York City.
As of January 31, 2026 and February 1, 2025, the weighted-average remaining operating lease term was 7.5 years and 7.2 years, respectively, and the weighted-average discount rate was 6.4 percent for operating leases recognized on the Consolidated Financial Statements.
As of January 31, 2026 and February 1, 2025, the Company's finance leases were not material to the Consolidated Financial Statements.
See Note 1 of Notes to Consolidated Financial Statements for additional disclosures related to leases.
v3.26.1
Employee Benefit Plans
 12 Months Ended
Jan. 31, 2026
Retirement Benefits, Description [Abstract]  
Pension and Other Postretirement Benefits Disclosure [Text Block] Employee Benefit Plans
We have two qualified defined contribution retirement plans, the GapShare 401(k) Plan and the GapShare Puerto Rico Plan (the “GapShare Plans”), which are available to employees who meet the eligibility requirements. The GapShare Plans permit eligible employees to make contributions up to the maximum limits allowable under the applicable Internal Revenue Codes. Under the GapShare Plans, we match, in cash, all or a portion of employees’ contributions under a predetermined formula. Our contributions vest immediately. Our matching contributions to the GapShare Plans were $49 million, $48 million, and $49 million in fiscal 2025, 2024, and 2023, respectively.
We maintain the Gap, Inc. Deferred Compensation Plan, which allows eligible employees to defer base compensation and annual bonus up to a maximum percentage, and non-employee directors to defer receipt of a portion of their Board fees. Plan investments are directed by participants and are recorded at market value and designated for the DCP. The fair value of the Company’s DCP assets is determined based on quoted market prices, and the assets are recorded within other long-term assets on the Consolidated Balance Sheets. As of January 31, 2026 and February 1, 2025, the assets related to the DCP were $42 million and $36 million, respectively. As of January 31, 2026 and February 1, 2025, the corresponding liabilities related to the DCP were $42 million and $36 million, respectively, and were recorded within other long-term liabilities on the Consolidated Balance Sheets. We match all or a portion of employees’ contributions under a predetermined formula. Plan investments are elected by the participants, and investment returns are not guaranteed by the Company. Our matching contributions to the DCP in fiscal 2025, 2024, and 2023 were not material.
v3.26.1
Earnings Per Share
 12 Months Ended
Jan. 31, 2026
Earnings Per Share [Abstract]  
Earnings Per Share Earnings per Share
Weighted-average number of shares used for earnings per share is as follows:
 Fiscal Year
(shares in millions)202520242023
Weighted-average number of shares—basic373 376 370 
Common stock equivalents11 8 6 
Weighted-average number of shares—diluted384 384 376 
The anti-dilutive shares related to stock options and Stock Units excluded from computations of weighted-average number of shares—diluted were 2 million, 2 million, and 6 million for fiscal 2025, 2024, and 2023, respectively, as their inclusion would have an anti-dilutive effect on earnings per share.
v3.26.1
Commitments and Contingencies
 12 Months Ended
Jan. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
We are a party to a variety of contractual agreements under which we may be obligated to indemnify the other party for certain matters. These contracts primarily relate to our commercial contracts, operating leases, trademarks, intellectual property, financial agreements and guarantees, and various other agreements. Under these contracts, we may provide certain routine indemnifications relating to representations and warranties (e.g., ownership of assets, environmental or tax indemnifications), or personal injury matters. The terms of these indemnifications range in duration and may not be explicitly defined. Generally, the maximum obligation under such indemnifications is not explicitly stated, and as a result, the overall amount of these obligations cannot be reasonably estimated. Historically, we have not made significant payments for these indemnifications. We believe that if we were to incur a loss in any of these matters, the loss would not have a material effect on the Consolidated Financial Statements taken as a whole.
As a multinational company, we are subject to various Actions arising in the ordinary course of our business. Many of these Actions raise complex factual, tax, and legal issues and are subject to uncertainties. As of January 31, 2026, Actions filed against us included commercial, intellectual property, customer, employment, securities, and data privacy claims, including class action lawsuits. The plaintiffs in some Actions seek unspecified damages or injunctive relief, or both. In addition, we have filed a petition in the U.S. Tax Court to defend research credits taken in prior years. See Note 4 of Notes to Consolidated Financial Statements for further details. Actions are in various procedural stages and some are covered in part by insurance. As of January 31, 2026 and February 1, 2025, we recorded a liability for an estimated loss if the outcome of an Action is expected to result in a loss that is considered probable and reasonably estimable. The liability recorded as of January 31, 2026 and February 1, 2025 was not material for any individual Action or in total. Subsequent to January 31, 2026 and through the filing date of March 17, 2026, no information has become available that indicates a change is required that would be material to the Consolidated Financial Statements taken as a whole.
We cannot predict with assurance the outcome of Actions brought against us. Accordingly, developments, settlements, or resolutions may occur and impact income in the quarter of such development, settlement, or resolution. However, we do not believe that the outcome of any current Action would have a material effect on the Consolidated Financial Statements taken as a whole.
v3.26.1
Segment Information
 12 Months Ended
Jan. 31, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
We identify our operating segments according to how our business activities are managed and evaluated. As of January 31, 2026, our operating segments included: Old Navy Global, Gap Global, Banana Republic Global, and Athleta Global. Each of our brands serves customer demand through our store and franchise channel and our online channel, leveraging our omni-channel capabilities that allow customers to shop seamlessly across all of our brands. Additionally, our products, suppliers, customers, methods of distribution, and regulatory environment are similar across our brands. We have determined that each of our operating segments share similar qualitative and economic characteristics, and therefore the results of our operating segments are aggregated into one reportable segment as of January 31, 2026. We continually monitor and review our segment reporting structure in accordance with authoritative guidance to determine whether any changes have occurred that would impact our reportable segments.
Gap Inc.’s chief operating decision maker ("CODM") is our President and Chief Executive Officer. The CODM reviews measures of segment profit by comparing budgeted versus actual and forecasted results for purposes of assessing performance, allocating resources, and making decisions. The measure of segment assets is reported on the Consolidated Balance Sheets in total.
The following table presents information for segment profit and significant expenses:
Fiscal Year
($ in millions)202520242023
Net sales
$15,366 $15,086 $14,889 
Cost of goods sold
7,232 6,984 7,202 
Occupancy expenses (1)
1,866 1,875 1,912 
Operating expenses (2)
5,153 5,115 5,215 
Operating income
$1,115 $1,112 $560 
__________
(1)Occupancy expenses include lease and other occupancy related cost, depreciation, and amortization related to our store operations, distribution centers, information technology, and certain corporate functions.
(2)Operating expenses primarily include payroll and benefits expenses, advertising expenses, information technology expenses and maintenance costs, and other administrative expenses.
Long-lived assets, excluding long-term deferred tax assets, by geographic location are as follows: 
($ in millions)January 31,
2026		February 1,
2025
U.S. (1)$5,858 $5,700 
Other regions665 582 
Total long-lived assets$6,523 $6,282 
__________
(1)U.S. includes the United States and Puerto Rico.
See Note 3 of Notes to Consolidated Financial Statements for disaggregation of revenue by channel and by brand and region.
v3.26.1
Divestitures
 12 Months Ended
Jan. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure Divestitures
On November 7, 2022, we signed agreements to transition our Gap China and Gap Taiwan operations to a third party, Baozun Inc., to operate Gap China and Gap Taiwan stores and the in-market website as a franchise partner, subject to regulatory approvals and closing conditions. On January 31, 2023, the Gap China transaction closed with Baozun Inc. On August 27, 2025, the parties reached a decision to not proceed with the transition of Gap's operations in Taiwan.
v3.26.1
Supply Chain Finance Program
 12 Months Ended
Jan. 31, 2026
Supply Chain Finance [Abstract]  
Supplier Finance Program Supply Chain Finance Program
Our voluntary SCF program provides certain suppliers with the opportunity to sell their receivables due from us to participating financial institutions at the sole discretion of both the suppliers and the financial institutions. We are not a party to the agreements between our suppliers and the financial institutions and our payment terms are not impacted by whether a supplier participates in the SCF program.
We may agree to side letters with participating financial institutions related to the SCF program that require us to transfer a certain amount of cash to be used as collateral for our payment obligations in a specified period. These collateral amounts, if applicable, are classified as restricted cash on the Consolidated Balance Sheets. There were no collateral amounts under the SCF program as of January 31, 2026 and February 1, 2025. Additionally, our lenders under the ABL Facility who also participate in the SCF program have their related financings secured pursuant to the terms of the ABL Facility.
The Company's outstanding obligations under the SCF program were $390 million and $387 million as of January 31, 2026 and February 1, 2025, respectively, and were included in accounts payable on the Consolidated Balance Sheets. A rollforward of our outstanding obligations under the SCF program is as follows:
Fiscal Year
($ in millions)20252024
Obligations outstanding at beginning of fiscal year
$387 $373 
Invoices added during the fiscal year
2,604 2,685 
Invoices settled during the fiscal year
(2,601)(2,671)
Obligations outstanding at end of fiscal year
$390 $387 
v3.26.1
Subsequent Events
 12 Months Ended
Jan. 31, 2026
Subsequent Events [Abstract]  
Subsequent Events [Text Block] Subsequent Events
Effective February 27, 2026, the Company entered into settlement agreements to resolve credit card interchange fee litigation matters in which we were a plaintiff. As a result of this settlement, we received a lump-sum settlement of $313 million, net of legal fees, and will record a gain in the first quarter of fiscal 2026.
In February 2026, the U.S. Supreme Court invalidated tariffs imposed under the IEEPA. Subsequently, new tariffs were imposed pursuant to alternative statutory authority and are scheduled to expire after 150 days absent Congressional authorization. Given the evolving trade policy environment, the Company is monitoring the impact of these actions on the Consolidated Financial Statements.
v3.26.1
Insider Trading Arrangements
 3 Months Ended 12 Months Ended
Jan. 31, 2026
shares
Jan. 31, 2026
shares
Trading Arrangements, by Individual    
Rule 10b5-1 Arrangement Adopted false  
Non-Rule 10b5-1 Arrangement Adopted false  
Rule 10b5-1 Arrangement Terminated false  
Non-Rule 10b5-1 Arrangement Terminated false  
Haio Barbeito [Member]    
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
On December 12, 2025, Horacio (Haio) Barbeito, President and CEO of Old Navy, adopted a trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) to sell up to 192,053 shares of Gap Inc. common stock. Unless otherwise terminated pursuant to its terms, the plan will terminate on December 8, 2026, or when all shares under the plan are sold.
Name   Horacio (Haio) Barbeito
Title   President and CEO of Old Navy
Rule 10b5-1 Arrangement Adopted   true
Adoption Date   December 12, 2025
Expiration Date   December 8, 2026
Aggregate Available 192,053 192,053
v3.26.1
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Jan. 31, 2026
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
Safeguarding our information systems as well as the information that we receive and store about our customers, employees, vendors, and others is a priority for Gap Inc. We maintain a cybersecurity program with technical and organizational safeguards that is designed to identify, assess, manage, mitigate, and respond to cybersecurity threats, including threats associated with the use of third-party systems. The program leverages our overall enterprise risk management and business continuity planning processes. Cybersecurity risk management processes are also embedded within our operating procedures, internal controls, and information systems.
Annually, employees receive cybersecurity training, and we provide additional targeted cybersecurity awareness and education activities throughout the year. In partnership with external consultants, we periodically conduct “tabletop” exercises with management, our Board and members of our Information Security, Information Technology, and Privacy teams during which we simulate real-life cybersecurity incident scenarios to assess our preparedness, test our incident response plan and highlight potential areas for improvement. Audits of our cybersecurity risk management processes are conducted periodically in order to test the effectiveness of controls designed to prevent and respond to cyberattacks at different levels within Gap Inc. In addition, we maintain cybersecurity risk insurance.
Our Information Security and Information Technology teams manage and monitor our cybersecurity environment. These teams track cybersecurity incidents across Gap Inc., our vendors and third-party service providers to remediate and resolve incidents. Incidents are escalated as appropriate based on a risk assessment framework, including as needed to senior management. Gap Inc.’s Privacy team is involved to the extent data privacy concerns are implicated. We maintain an incident response plan to coordinate activities taken to respond to and remediate cybersecurity incidents. We consult with outside counsel as appropriate, including on materiality analysis and disclosure matters, and senior management makes final materiality determination and disclosure decisions.
Our cybersecurity risk management processes are aligned with industry-recognized standards, primarily the National Institute of Standards and Technology Cybersecurity Framework (NIST CSF), which serves as the foundation for our policies, procedures, and technical controls. We partner with leading cybersecurity companies to leverage third-party technology and expertise, and we engage with these partners to support monitoring and maintaining the performance and effectiveness of controls implemented in our environment.
To date, our business strategy, results of operations, and financial condition have not been materially affected by risks from cybersecurity threats, including as a result of previously identified cybersecurity incidents, but we cannot provide assurance that they will not be materially affected in the future by such risks or any future material incidents. For more information on our cybersecurity-related risks, see “Risks Related to Information Security and Technology” in Item 1A, Risk Factors, of this Form 10-K.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block]
Safeguarding our information systems as well as the information that we receive and store about our customers, employees, vendors, and others is a priority for Gap Inc. We maintain a cybersecurity program with technical and organizational safeguards that is designed to identify, assess, manage, mitigate, and respond to cybersecurity threats, including threats associated with the use of third-party systems. The program leverages our overall enterprise risk management and business continuity planning processes. Cybersecurity risk management processes are also embedded within our operating procedures, internal controls, and information systems.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
Gap Inc.’s Chief Information Security Officer (“CISO”) oversees the cybersecurity program. The CISO reports to the Chief Technology Officer (“CTO”) and is responsible for assessing and maintaining the Company’s cybersecurity risk management processes. The CISO informs senior management regarding the prevention, detection, mitigation, and remediation of cybersecurity incidents. The CISO, CTO, and members of the Information Security, Information Technology, and Privacy teams have broad experience and expertise in selecting, deploying, and operating cybersecurity technologies, initiatives and processes around the world. Our CISO has more than 30 years of experience in the information security and information technology fields. Our CTO has more than 35 years of experience in these fields, including in technology leadership roles for large companies across multiple industries.
Our Board understands the importance of maintaining a robust and effective cybersecurity program. The Audit and Finance Committee of the Board oversees the Company’s cybersecurity program as well as risk exposures and steps taken by management to monitor and mitigate cybersecurity risks. The CISO provides a quarterly update on the cybersecurity program, on an alternating basis to the Audit and Finance Committee or the full Board.
Our Internal Audit department facilitates an annual enterprise risk assessment ("ERA") that is designed to gather information regarding key enterprise risks, emerging risks, and critical risk events that could impact our objectives and strategies. The Internal Audit department partners with our Information Security, Information Technology, and Privacy teams to gather information about risks related to cybersecurity threats. The ERA is presented to the Board and provides the foundation for the annual Internal Audit plan, management’s monitoring and risk mitigation efforts, and ongoing Board-level oversight. On a quarterly basis, Gap Inc.’s Chief Audit Executive updates the Audit and Finance Committee on the Internal Audit plan. The Audit and Finance Committee also reviews updates to the Company’s enterprise risk profile, including identified cybersecurity risks, throughout the year. Additionally, key third-party dependencies are monitored as part of our overall business continuity planning, with the Audit and Finance Committee receiving periodic updates.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] Our Board understands the importance of maintaining a robust and effective cybersecurity program. The Audit and Finance Committee of the Board oversees the Company’s cybersecurity program as well as risk exposures and steps taken by management to monitor and mitigate cybersecurity risks.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]
Our Internal Audit department facilitates an annual enterprise risk assessment ("ERA") that is designed to gather information regarding key enterprise risks, emerging risks, and critical risk events that could impact our objectives and strategies. The Internal Audit department partners with our Information Security, Information Technology, and Privacy teams to gather information about risks related to cybersecurity threats. The ERA is presented to the Board and provides the foundation for the annual Internal Audit plan, management’s monitoring and risk mitigation efforts, and ongoing Board-level oversight. On a quarterly basis, Gap Inc.’s Chief Audit Executive updates the Audit and Finance Committee on the Internal Audit plan. The Audit and Finance Committee also reviews updates to the Company’s enterprise risk profile, including identified cybersecurity risks, throughout the year. Additionally, key third-party dependencies are monitored as part of our overall business continuity planning, with the Audit and Finance Committee receiving periodic updates.
Cybersecurity Risk Role of Management [Text Block] Our Information Security and Information Technology teams manage and monitor our cybersecurity environment. These teams track cybersecurity incidents across Gap Inc., our vendors and third-party service providers to remediate and resolve incidents. Incidents are escalated as appropriate based on a risk assessment framework, including as needed to senior management. Gap Inc.’s Privacy team is involved to the extent data privacy concerns are implicated. We maintain an incident response plan to coordinate activities taken to respond to and remediate cybersecurity incidents. We consult with outside counsel as appropriate, including on materiality analysis and disclosure matters, and senior management makes final materiality determination and disclosure decisions.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] The Audit and Finance Committee of the Board oversees the Company’s cybersecurity program as well as risk exposures and steps taken by management to monitor and mitigate cybersecurity risks
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] The CISO, CTO, and members of the Information Security, Information Technology, and Privacy teams have broad experience and expertise in selecting, deploying, and operating cybersecurity technologies, initiatives and processes around the world. Our CISO has more than 30 years of experience in the information security and information technology fields. Our CTO has more than 35 years of experience in these fields, including in technology leadership roles for large companies across multiple industries.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] Our Information Security and Information Technology teams manage and monitor our cybersecurity environment. These teams track cybersecurity incidents across Gap Inc., our vendors and third-party service providers to remediate and resolve incidents. Incidents are escalated as appropriate based on a risk assessment framework, including as needed to senior management. Gap Inc.’s Privacy team is involved to the extent data privacy concerns are implicated. We maintain an incident response plan to coordinate activities taken to respond to and remediate cybersecurity incidents.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.26.1
Organization and Summary of Significant Accounting Policies Significant Accounting Policies (Policies)
 12 Months Ended
Jan. 31, 2026
Accounting Policies [Abstract]  
Organization
Organization
The Gap, Inc., a Delaware corporation, is a house of iconic American brands offering apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. As of January 31, 2026, we had Company-operated stores in the United States, Canada, Japan, and Taiwan. Our products are available to customers both in stores and online, through Company-operated and franchise stores, websites, and third-party arrangements. We also have franchise agreements to operate Old Navy, Gap, Banana Republic, and Athleta throughout Asia, Europe, Latin America, the Middle East, and Africa.
Principles of Consolidation
Principles of Consolidation
The Consolidated Financial Statements include the accounts of The Gap, Inc. and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated.
Fiscal Year and Presentation
Fiscal Year and Presentation
Our fiscal year is a 52-week or 53-week period ending on the Saturday closest to January 31. The fiscal years ended January 31, 2026 (fiscal 2025) and February 1, 2025 (fiscal 2024) consisted of 52 weeks. The fiscal year ended February 3, 2024 (fiscal 2023) consisted of 53 weeks.
Use of Estimates
Use of Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates. Our most significant accounting judgments include, but are not limited to, estimates and assumptions used for inventory valuation, income taxes and valuation allowances, sales return and bad debt allowances, deferred revenue, and the impairment of long-lived assets.
In fiscal 2025, the United States enacted significant changes to its trade policy and imposed substantial tariffs on imported goods from a number of countries. We will continue to consider the impact of these developments on the assumptions and estimates used when preparing our financial statements.
Cash, Cash Equivalents, and Short-Term Investments
Cash, Cash Equivalents, and Short-Term Investments
Cash includes funds deposited in banks and amounts in transit from banks for customer credit card and debit card transactions that process in less than seven days.
All highly liquid investments with original maturities of three months or less at the time of purchase are classified as cash equivalents. Our cash equivalents are comprised of money market funds and time deposits recorded at amortized cost, which approximates fair value, as well as debt securities recorded at fair value using market prices for identical or similar assets.
Highly liquid investments with original maturities of greater than three months and less than two years are classified as short-term investments. These debt securities are also recorded at fair value using market prices
for identical or similar assets.
Changes in the fair value of the debt securities impact net income only when such securities are sold or an impairment is recognized. Income related to these securities is recorded within interest income on the Consolidated Statements of Operations.
See Note 7 of Notes to Consolidated Financial Statements for disclosures related to fair value measurements.
Restricted Cash
Any cash that is legally restricted from use is classified as restricted cash. If the purpose of restricted cash is related to acquiring a long-term asset, liquidating a long-term liability, or is otherwise unavailable for a period longer than one year from the balance sheet date, the restricted cash is included within other long-term assets on the Consolidated Balance Sheets. Otherwise, restricted cash is included within other current assets on the Consolidated Balance Sheets.
As of January 31, 2026, February 1, 2025, and February 3, 2024, restricted cash primarily included consideration that serves as collateral for our insurance obligations and certain other obligations occurring in the normal course of business.
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported on the Consolidated Balance Sheets to the total shown on the Consolidated Statements of Cash Flows:
($ in millions)January 31,
2026		February 1,
2025		February 3,
2024
Cash and cash equivalents$2,616 $2,335 $1,873 
Restricted cash included in other long-term assets28 30 28 
Total cash, cash equivalents, and restricted cash shown on the Consolidated Statement of Cash Flows$2,644 $2,365 $1,901 
Merchandise Inventory
Merchandise Inventory
We value inventory at the LCNRV, with cost determined using the weighted-average cost method. We record an adjustment to inventory when future estimated selling price is less than cost. We review our inventory levels in order to identify slow-moving merchandise and broken assortments (items no longer in stock in a sufficient range of sizes or colors) and we primarily use markdowns to clear merchandise. In addition, we estimate and accrue shortage for the period between the last physical count and the balance sheet date.
Property and Equipment
Property and Equipment
Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. Estimated useful lives are as follows:
CategoryTerm
Leasehold improvements
Shorter of remaining lease term or economic life, up to 15 years
Furniture and equipment
Up to 10 years
Software
Up to 7 years
Buildings and building improvements
Up to 39 years
When assets are sold or retired, the cost and related accumulated depreciation are removed from the accounts, with any resulting gain or loss recorded within operating expenses on the Consolidated Statements of Operations. Costs of maintenance and repairs are expensed as incurred. Costs incurred to implement cloud computing arrangements hosted by third-party vendors are capitalized when incurred during the application development phase and amortized on a straight-line basis over the estimated term of the cloud computing arrangement. Capitalized amounts related to such arrangements are recorded within other current assets and other long-term assets on the Consolidated Balance Sheets.
Lessee, Leases
Leases
We determine if a long-term contractual obligation is a lease at inception. The majority of our operating leases relate to Company stores. We also lease some of our corporate facilities and distribution centers. These operating leases expire at various dates through fiscal 2047. The majority of our store leases have initial lease terms of five or ten years and include options that allow us to extend the lease term beyond the initial period, subject to the terms established at lease inception. Some leases also include early termination options, which can be exercised under specific conditions. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.
We record our lease liabilities at the present value of the lease payments not yet paid, discounted at the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term. As the Company's leases do not provide an implicit interest rate, the Company uses an incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments.
We recognize operating lease cost over the estimated term of the lease, which includes options to extend lease terms that are reasonably certain of being exercised, starting when possession of the property is taken from the landlord, which normally includes a construction period prior to the store opening. When a lease contains a predetermined escalation of the fixed rent, we recognize the related operating lease cost on a straight-line basis over the lease term. In addition, certain of our lease agreements include variable lease payments, such as payments based on a percentage of sales that are in excess of a predetermined level and/or increases based on a change in the consumer price index or fair market value. These variable lease payments are excluded from minimum lease payments and are included in the determination of net lease cost when it is probable that the expense has been incurred and the amount can be reasonably estimated. If an operating lease asset is impaired, the remaining operating lease asset will be amortized on a straight-line basis over the remaining lease term.
Revenue Recognition
Revenue Recognition
The Company’s revenues primarily include merchandise sales at stores, online, and through franchise and licensing agreements. We also receive revenue sharing from our credit card agreement for private label and co-branded credit cards, and breakage revenue related to our gift cards, merchandise return cards, and outstanding loyalty points, which are realized based upon historical redemption patterns. For online sales, the Company has elected to treat shipping and handling as fulfillment activities and not a separate performance obligation. Accordingly, we recognize revenue for our single performance obligation related to online sales at the time control of the merchandise passes to the customer, which is generally at the time of shipment. Revenues are presented net of any taxes collected from customers and remitted to governmental authorities.
We record sales return allowances and a right of returns asset on a gross basis for expected future merchandise returns, based on historical return patterns, merchandise mix, and recent trends. Sales return allowances are recorded within accrued expenses and other current liabilities and the right of returns asset is recorded within other current assets on the Consolidated Balance Sheets.
We have credit card agreements with third parties to provide our customers with private label credit cards and co-branded credit cards (collectively, the “Credit Card programs"). Each private label credit card bears the logo of Gap, Banana Republic, Old Navy, or Athleta and can be used at any of our U.S. store locations and online. The current co-branded credit card is a MasterCard credit card bearing the logo of Gap, Banana Republic, Old Navy, or Athleta and can be used everywhere MasterCard credit cards are accepted. The Credit Card programs are a part of Gap Inc.’s loyalty program where members enjoy incentives in the form of rewards which can be redeemed across all of our brands.
Barclays, a third-party financial institution, is the sole owner of the accounts and underwrites the credit issued under the Credit Card programs. Our agreement with Barclays provides for certain payments to be made to us, including a share of revenue from the performance of the credit card portfolios and reimbursements of loyalty program rewards. We have identified separate performance obligations related to our credit card agreement that includes both providing a license and an obligation to redeem loyalty points issued under the loyalty program. Our obligation to provide a license is satisfied when the subsequent sale or usage occurs and our obligation to redeem loyalty points is deferred until those loyalty points are redeemed. Income related to our credit card agreement is classified within net sales on the Consolidated Statements of Operations.
We have franchise agreements to operate Old Navy, Gap, Banana Republic, and Athleta throughout Asia, Europe, Latin America, the Middle East, and Africa. Under these agreements, third parties operate, or will operate, stores and websites that sell apparel and related products under our brand names. We have identified separate performance obligations related to our franchise agreements that include both providing our franchise partners with a license and an obligation to supply franchise partners with our merchandise. Our obligation to provide a license is satisfied when the subsequent sale or usage occurs and our obligation to supply franchise partners with our merchandise is satisfied when control of the merchandise transfers. We also have licensing agreements with licensees to sell products using our brand names.
We defer revenue when cash payments are received in advance of performance for unsatisfied obligations related to our gift cards, licensing agreements, outstanding loyalty points, and reimbursements of loyalty program rewards associated with our credit card agreement.
Classification of Expenses
Classification of Expenses
Cost of goods sold and occupancy expenses include the following:
•the cost of merchandise, including duty and freight costs;
•inventory shortage and valuation adjustments;
•online shipping and packaging costs;
•cost associated with our sourcing operations, including payroll, benefits, and other administrative expenses;
•lease and other occupancy related cost, depreciation, and amortization related to our store operations, distribution centers, information technology, and certain corporate functions; and
•gains and losses associated with foreign currency derivative contracts used to hedge forecasted merchandise purchases and related costs denominated in U.S. dollars made by our international subsidiaries whose functional currencies are their local currencies.
Operating expenses include the following:
•payroll, benefits, and other administrative expenses for our store operations, field management, and distribution centers;
•payroll, benefits, and other administrative expenses for our corporate functions, including product design and development;
•advertising expenses;
•information technology expenses and maintenance costs;
•lease and other occupancy related cost, depreciation, and amortization for our corporate facilities;
•research and development expenses;
•gains and losses associated with foreign currency derivative contracts not designated as hedging instruments;
•third-party credit card processing fees; and
•other expenses (income).
Payroll, benefits, and other administrative expenses for our distribution centers recorded within operating expenses were $322 million, $307 million, and $320 million in fiscal 2025, 2024, and 2023, respectively. Research and development costs described in Accounting Standards Codification ("ASC") No. 730 are expensed as incurred. These costs primarily consist of payroll and related benefits attributable to time spent on research and development activities for new innovative products, technological improvements for existing products, and process innovation. Research and development expenses recorded within operating expenses under ASC 730 were $60 million, $40 million, and $37 million in fiscal 2025, 2024, and 2023, respectively.
The classification of expenses varies across the apparel retail industry. Accordingly, our cost of goods sold and occupancy expenses and operating expenses may not be comparable to those of other companies.
Impairment of Long-Lived Assets
Impairment of Long-Lived Assets
We review the carrying amount of long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Events that result in an impairment review include a significant decrease in the operating performance of the long-lived asset, the decision to close a store, corporate facility, or distribution center, or adverse changes in business climate. Long-lived assets are considered impaired if the carrying amount exceeds the estimated undiscounted future cash flows of the asset or asset group over the estimated remaining life. The asset group is defined as the lowest level for which identifiable cash flows are available and largely independent of the cash flows of other groups of assets, which for our retail stores is generally at the store level. The asset group for retail stores is comprised of both property and equipment and operating lease assets. For impaired assets, we recognize a loss equal to the difference between the carrying amount of the asset or asset group and its estimated fair value, which is recorded within operating expenses on the Consolidated Statements of Operations. The estimated fair value of the asset or asset group is based on discounted future cash flows of the asset or asset group using a discount rate commensurate with the related risk. For operating lease assets, the Company determines the estimated fair value of the assets by discounting the estimated market rental rates using available valuation techniques.
Goodwill and Intangible Assets
Impairment of Goodwill and Intangible Assets
We review the carrying amount of goodwill and other indefinite-lived intangible assets for impairment annually in the fourth quarter of the fiscal year and whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Events that result in an impairment review include significant changes in the business climate, declines in our operating results, or an expectation that the carrying amount may not be recoverable. We assess potential impairment by considering present economic conditions as well as future expectations. If goodwill is considered impaired, we recognize a loss equal to the difference between the carrying amount and the estimated fair value of the reporting unit.
A trade name is considered impaired if the carrying amount exceeds its estimated fair value. If a trade name is considered impaired, we recognize a loss equal to the difference between the carrying amount and the estimated fair value of the trade name. The fair value of a trade name is determined using the relief from royalty method, which requires management to make assumptions and to apply judgment, including forecasting future sales, and selecting appropriate discount rates and royalty rates.
Goodwill and other indefinite-lived intangible assets, including the trade names, are recorded within other long-term assets on the Consolidated Balance Sheets.
Advertising
Advertising
Costs associated with the production of advertising, such as photoshoot, printing, and other costs, are expensed as incurred. Costs associated with communicating advertising that has been produced, such as television, magazine, and digital and social media costs, are expensed when the advertising event takes place or is made available. Advertising expense was $778 million, $780 million, and $882 million in fiscal 2025, 2024, and 2023, respectively, and is recorded within operating expenses on the Consolidated Statements of Operations.
Share-Based Compensation
Share-Based Compensation
Share-based compensation expense for stock options and other stock awards is determined based on the grant-date fair value. For units granted, whereby shares of common stock are issued for units as they vest (“Stock Units”), the fair value is determined either based on the Company’s stock price on the date of grant less future expected dividends during the vesting period or a Monte Carlo method for certain Stock Units granted with a market condition. We use the Black-Scholes-Merton option-pricing model to determine the fair value of stock options; however, no stock options were issued to employees during fiscal 2025, 2024, or 2023. For Stock Units and stock options, we recognize share-based compensation cost over the vesting period. We account for forfeitures as they occur. Share-based compensation expense is recorded primarily within operating expenses on the Consolidated Statements of Operations.
Foreign Currency
Foreign Currency
Our international subsidiaries primarily use local currencies as their functional currency and translate their assets and liabilities at the current rate of exchange in effect at the balance sheet date. Revenue and expenses from their operations are translated using rates that approximate those in effect during the period in which the transactions occur. The resulting gains and losses from translation are recorded on the Consolidated Statements of Comprehensive Income and in accumulated other comprehensive income ("OCI") on the Consolidated Statements of Stockholders’ Equity. Transaction gains and losses resulting from intercompany balances of a long-term investment nature are also classified as accumulated OCI. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the local functional currency are recorded within operating expenses on the Consolidated Statements of Operations.
The aggregate transaction gains and losses recorded within operating expenses on the Consolidated Statements of Operations are as follows:
 Fiscal Year
($ in millions)202520242023
Foreign currency transaction gain (loss)
$30 $(37)$(9)
Realized and unrealized gain (loss) from certain derivative financial instruments
(18)35 11 
Net foreign exchange gain (loss)$12 $(2)$2 
Income Taxes
Income Taxes
Deferred income taxes are recorded for temporary differences between the tax basis of assets and liabilities and their reported amounts on the Consolidated Financial Statements. Valuation allowances are established against deferred tax assets when it is more likely than not that some portion or all of the deferred tax assets will not be realized.
Our income tax expense includes changes in our estimated liability for exposures associated with our various tax filing positions. At any point in time, many tax years are subject to or in the process of being audited by various taxing authorities. To the extent our estimates of settlements change or the final tax outcome of these matters is different from the amounts recorded, such differences will impact the income tax provision in the period in which such determinations are made.
The Company recognizes interest related to unrecognized tax benefits in interest expense and penalties related to unrecognized tax benefits in operating expenses on the Consolidated Statements of Operations.
The Company has made an accounting policy election to treat taxes due on the global intangible low-taxed income (“GILTI”) of foreign subsidiaries as a current period expense.
Earnings Per Share
Earnings per Share
Basic earnings per share is computed as net income divided by basic weighted-average number of common shares outstanding for the period. Diluted earnings per share is computed as net income divided by diluted weighted-average number of common shares outstanding for the period including common stock equivalents. Common stock equivalents consist of shares subject to share-based awards with exercise prices less than the average market price of our common stock for the period, to the extent their inclusion would be dilutive. Stock options and other stock awards that contain performance conditions are not included in the calculation of common stock equivalents until such performance conditions have been achieved.
Recent Accounting Pronouncements
Recent Accounting Pronouncements
Except as noted below, the Company has considered all recent accounting pronouncements and concluded that there are no recent accounting pronouncements that may have a material impact on the Consolidated Financial Statements and disclosures, based on current information.
Accounting Pronouncement Recently Adopted
ASU No. 2023-09, Improvements to Income Tax Disclosures
In December 2023, the Financial Accounting Standards Board ("FASB") issued accounting standards update ("ASU") No. 2023-09, Improvements to Income Tax Disclosures. The ASU is intended to improve the transparency of income tax disclosures by requiring consistent categories and greater disaggregation of information in the rate reconciliation, as well as income taxes paid disaggregated by jurisdiction. The ASU is effective for annual periods beginning after December 15, 2024. We adopted this ASU on a prospective basis for the fiscal year ended January 31, 2026. See Note 4 of Notes to Consolidated Financial Statements for related disclosures.
Accounting Pronouncements Not Yet Adopted
ASU No. 2024-03, Disaggregation of Income Statement Expenses
In November 2024, the FASB issued ASU No. 2024-03, Disaggregation of Income Statement Expenses. The ASU is intended to improve financial reporting by requiring disaggregated disclosure of certain costs and expenses. The ASU is effective for fiscal years beginning after December 15, 2026 and for interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The ASU may be applied on either a prospective or retrospective basis. We are currently assessing the impact that this ASU will have on the Company's disclosures.
ASU No. 2025-06, Targeted Improvements to the Accounting for Internal-Use Software
In September 2025, the FASB issued ASU No. 2025-06, Targeted Improvements to the Accounting for Internal-Use Software. The ASU is intended to clarify and modernize the accounting for costs related to internal-use software. The ASU is effective for fiscal years and interim periods within those years beginning after December 15, 2027, with early adoption permitted. The ASU may be applied using a prospective, retrospective, or modified transition approach. We are currently assessing the impact that this ASU will have on the Company's Consolidated Financial Statements and related disclosures.
ASU No. 2025-09, Hedge Accounting Improvements
In November 2025, the FASB issued ASU No. 2025-09, Hedge Accounting Improvements. The ASU is intended to more closely align hedge accounting with the economics of risk management activities. The ASU is effective for fiscal years and interim periods within those years beginning after December 15, 2026, with early adoption permitted. The ASU should be applied on a prospective basis. We are currently assessing the impact that this ASU will have on the Company's Consolidated Financial Statements and related disclosures.
v3.26.1
Organization and Summary of Significant Accounting Policies Organization and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Jan. 31, 2026
New Accounting Pronouncements or Change in Accounting Principle [Line Items]  
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]
Total cash paid for income taxes, net of refunds, by jurisdiction for fiscal 2025 is as follows:
 Fiscal Year
($ in millions)2025
Cash paid for income taxes during the period, net of refunds:
Federal$163 
State55 
Foreign17 
Total cash paid during the period for income taxes, net of refunds$235 
Schedule of estimated property and equipment useful lives
Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. Estimated useful lives are as follows:
CategoryTerm
Leasehold improvements
Shorter of remaining lease term or economic life, up to 15 years
Furniture and equipment
Up to 10 years
Software
Up to 7 years
Buildings and building improvements
Up to 39 years
Foreign Currency Disclosure [Text Block]
The aggregate transaction gains and losses recorded within operating expenses on the Consolidated Statements of Operations are as follows:
 Fiscal Year
($ in millions)202520242023
Foreign currency transaction gain (loss)
$30 $(37)$(9)
Realized and unrealized gain (loss) from certain derivative financial instruments
(18)35 11 
Net foreign exchange gain (loss)$12 $(2)$2 
Restrictions on Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported on the Consolidated Balance Sheets to the total shown on the Consolidated Statements of Cash Flows:
($ in millions)January 31,
2026		February 1,
2025		February 3,
2024
Cash and cash equivalents$2,616 $2,335 $1,873 
Restricted cash included in other long-term assets28 30 28 
Total cash, cash equivalents, and restricted cash shown on the Consolidated Statement of Cash Flows$2,644 $2,365 $1,901 
v3.26.1
Additional Financial Statement Information Additional Financial Statement Information (Tables)
 12 Months Ended
Jan. 31, 2026
Additional Financial Statement Information [Abstract]  
Cash and Cash Equivalents [Table Text Block]
Cash and cash equivalents consist of the following:
($ in millions)January 31,
2026		February 1,
2025
Cash (1)$2,193 $2,025 
Money market funds413 302 
Time deposits and other debt securities
10 8 
Cash and cash equivalents$2,616 $2,335 
__________
(1)Cash includes $87 million and $67 million of amounts in transit from banks for customer credit card and debit card transactions as of January 31, 2026 and February 1, 2025, respectively.
Short-Term Investments [Table Text Block]
Short-term investments consist of the following:
($ in millions)January 31,
2026		February 1,
2025
U.S. treasury securities
$204 $132 
Corporate securities
182 121 
Short-term investments
$386 $253 
Other Current Assets [Table Text Block]
Other current assets consist of the following:
($ in millions)January 31,
2026		February 1,
2025
Accounts receivable
$316 $301 
Right of returns asset30 27 
Other222 220 
Other current assets$568 $548 
Property and Equipment [Table Text Block]
Property and equipment are stated at cost less accumulated depreciation and consist of the following:
($ in millions)January 31,
2026		February 1,
2025
Furniture and equipment$2,919 $2,816 
Leasehold improvements2,215 2,178 
Land, buildings, and building improvements1,246 1,145 
Software
1,140 1,118 
Construction-in-progress101 169 
Property and equipment, at cost7,621 7,426 
Less: Accumulated depreciation(5,114)(4,930)
Property and equipment, net of accumulated depreciation$2,507 $2,496 
Other Long-Term Assets [Table Text Block]
Other long-term assets consist of the following:
($ in millions)January 31,
2026		February 1,
2025
Long-term income tax-related assets$466 $533 
Goodwill207 207 
Trade names59 59 
Other173 147 
Other long-term assets$905 $946 
Accrued Expenses and Other Current Liabilities [Table Text Block]
Accrued expenses and other current liabilities consist of the following:
($ in millions)January 31,
2026		February 1,
2025
Accrued compensation and benefits$379 $442 
Deferred revenue
272 273 
Sales return allowances
65 60 
Accrued advertising53 76 
Other275 232 
Accrued expenses and other current liabilities$1,044 $1,083 
Other Long-Term Liabilities [Table Text Block]
Other long-term liabilities consist of the following:
($ in millions)January 31,
2026		February 1,
2025
Long-term income tax-related liabilities$381 $344 
Long-term asset retirement obligations (1)29 27 
Other144 151 
Other long-term liabilities$554 $522 
__________
(1)The net activity related to asset retirement obligations includes adjustments to the asset retirement obligation balance and fluctuations in foreign currency exchange rates.
v3.26.1
Revenue from Contract with Customer (Tables)
 12 Months Ended
Jan. 31, 2026
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Net sales disaggregated by channel for fiscal 2025, 2024, and 2023 are as follows:
Fiscal Year
($ in millions)20252024
2023 (2)
Store and franchise sales
$9,385 $9,332 $9,346 
Online sales (1)
5,981 5,754 5,543 
Total net sales$15,366 $15,086 $14,889 
__________
(1)Online sales primarily include sales originating from our online channel including those that are picked up or shipped from stores and net sales from revenue-generating strategic initiatives.
(2)Fiscal 2023 includes incremental sales attributable to the 53rd week. 		[1]
Net Sales by Brand and Region
Net sales disaggregated by brand and region are as follows:
($ in millions)Old Navy GlobalGap GlobalBanana
Republic Global		Athleta Global
Other (3)
Total
Fiscal 2025
U.S. (1)$7,952 $2,679 $1,667 $1,185 $73 $13,556 
Canada648 324 173 31 — 1,176 
Other regions
57 498 76 3 — 634 
Total $8,657 $3,501 $1,916 $1,219 $73 $15,366 
($ in millions) Old Navy GlobalGap GlobalBanana
Republic Global		Athleta Global
Other (3)
Total
Fiscal 2024
U.S. (1)$7,706 $2,531 $1,682 $1,311 $65 $13,295 
Canada649 326 168 39 — 1,182 
Other regions
46 477 83 3 — 609 
Total $8,401 $3,334 $1,933 $1,353 $65 $15,086 
($ in millions) Old Navy GlobalGap GlobalBanana
Republic Global 		Athleta Global
Other (3)
Total
Fiscal 2023 (2)
U.S. (1)$7,460 $2,470 $1,681 $1,310 $46 $12,967 
Canada674 332 170 45 — 1,221 
Other regions
69 539 88 5 — 701 
Total $8,203 $3,341 $1,939 $1,360 $46 $14,889 
__________
(1)U.S. includes the United States and Puerto Rico.
(2)Fiscal 2023 includes incremental sales attributable to the 53rd week.
(3)Primarily consists of net sales from revenue-generating strategic initiatives.
[1] Online sales primarily include sales originating from our online channel including those that are picked up or shipped from stores and net sales from revenue-generating strategic initiatives.(2)Fiscal 2023 includes incremental sales attributable to the 53rd week.
v3.26.1
Income Taxes (Tables)
 12 Months Ended
Jan. 31, 2026
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]
For financial reporting purposes, components of income before income taxes are as follows:
 Fiscal Year
($ in millions)202520242023
United States$982 $977 $463 
Foreign150 160 93 
Income before income taxes$1,132 $1,137 $556 
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
The tax expense for income taxes consists of the following:
 Fiscal Year
($ in millions)202520242023
Current:
Federal$167 $194 $63 
State38 29 12 
Foreign42 43 43 
Total current247 266 118 
Deferred:
Federal49 (1)(40)
State13 21 (6)
Foreign7 7 (18)
Total deferred69 27 (64)
Total tax expense$316 $293 $54 
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
For fiscal 2025, the difference between tax expense and income before taxes at the U.S. federal statutory tax rate, and between the effective tax rate and the U.S. federal statutory tax rate, is as follows:
 Fiscal Year
($ in millions)2025
Income before taxes at federal statutory tax rate$238 21.0 %
State and local income taxes, net of federal benefit (1)50 4.4 
Tax impact of foreign operations17 1.5 
Effect of cross-border tax laws:
U.S. tax on branch income or loss(13)(1.1)
Other(5)(0.4)
Tax credits:
Research and development credits(13)(1.1)
Other(2)(0.2)
Changes in valuation allowance16 1.4 
Nontaxable and nondeductible items:
Nondeductible compensation15 1.3 
Other(3)(0.3)
Changes in unrecognized tax benefits16 1.4 
Total tax expense and effective tax rate$316 27.9 %
__________
(1)State and local income taxes in New York, California, New Jersey, New York City, Illinois, Florida, and Pennsylvania make up the majority (greater than 50 percent) of the tax effect in this category.
In accordance with the guidance prior to the adoption of ASU No. 2023-09, the difference between the effective tax rate and the U.S. federal statutory tax rate for fiscal 2024 and 2023 is as follows:
 Fiscal Year
 20242023
Federal statutory tax rate21.0 %21.0 %
State and local income taxes, net of federal benefit4.4 2.5 
Tax impact of foreign operations(2.4)(0.7)
Valuation allowances3.5 (11.0)
Impact of divestiture activity— (1.6)
Other(0.7)(0.5)
Effective tax rate25.8 %9.7 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
Deferred tax assets (liabilities) consist of the following:
($ in millions)January 31,
2026		February 1,
2025
Gross deferred tax assets:
Operating lease liabilities$1,061 $1,037 
Accrued payroll and related benefits103 108 
Accruals187 177 
Inventory capitalization and other adjustments53 51 
Deferred income43 43 
Federal, state, and foreign net operating losses188 179 
Other64 49 
Total gross deferred tax assets1,699 1,644 
Valuation allowances(311)(261)
Total deferred tax assets, net of valuation allowances1,388 1,383 
Deferred tax liabilities:
Depreciation and amortization(159)(126)
Operating lease assets(883)(839)
Other(14)(18)
Total deferred tax liabilities(1,056)(983)
Net deferred tax assets$332 $400 
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]
The activity related to our unrecognized tax benefits is as follows: 
 Fiscal Year
($ in millions)202520242023
Balance at beginning of fiscal year$374 $343 $344 
Increases related to current year tax positions15 13 12 
Prior year tax positions:
Increases4 22 21 
Decreases(1)(1)(30)
Lapse of Statute of Limitations(1)(1)(1)
Cash settlements— (1)(3)
Foreign currency translation3 (1)— 
Balance at end of fiscal year$394 $374 $343 
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]
Total cash paid for income taxes, net of refunds, by jurisdiction for fiscal 2025 is as follows:
 Fiscal Year
($ in millions)2025
Cash paid for income taxes during the period, net of refunds:
Federal$163 
State55 
Foreign17 
Total cash paid during the period for income taxes, net of refunds$235 
v3.26.1
Goodwill and Trade Names (Tables)
 12 Months Ended
Jan. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill [Table Text Block]
The following goodwill and other intangible assets are included in other long-term assets on the Consolidated Balance Sheets:
($ in millions)January 31,
2026		February 1,
2025
Goodwill$207 $207 
Trade names$59 $59 
Intangible assets subject to amortization $54 $54 
Less: Accumulated amortization(50)(44)
Intangible assets subject to amortization, net$4 $10 
v3.26.1
Long-Term Debt (Tables)
 12 Months Ended
Jan. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Long-term debt recorded on the Consolidated Balance Sheets consists of the following:
($ in millions)January 31,
2026		February 1,
2025
   2029 Notes$750 $750 
   2031 Notes750 750 
Less: Unamortized debt issuance costs(8)(10)
Total long-term debt$1,492 $1,490 
Schedule of Maturities of Long-term Debt
The scheduled maturity of the Senior Notes is as follows:
($ in millions)PrincipalInterest RateInterest Payments
October 1, 2029 (1)$750 3.625%Semi-Annual
October 1, 2031 (2)750 3.875%Semi-Annual
Total issuance$1,500 
__________
(1)On or after October 1, 2024, includes an option to redeem the 2029 Notes, in whole or in part at any time, at stated redemption prices.
(2)Includes an option to redeem the 2031 Notes, in whole or in part at any time, subject to a make-whole premium, prior to October 1, 2026. On or after October 1, 2026, includes an option to redeem the 2031 Notes, in whole or in part at any time, at stated redemption prices.
v3.26.1
Fair Value Measurements (Tables)
 12 Months Ended
Jan. 31, 2026
Fair Value Disclosures [Abstract]  
Financial Assets And Liabilities Measured At Fair Value On Recurring Basis
Financial assets and liabilities measured at fair value on a recurring basis and cash equivalents are as follows:
  
 Fair Value Measurements at Reporting Date Using
($ in millions)January 31,
2026		Quoted Prices in
Active Markets for
Identical Assets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Assets:
Cash equivalents$423 $413 $10 $— 
Short-term investments386 204 182 — 
Derivative financial instruments8 — 8 — 
Deferred compensation plan assets42 42 — — 
Other assets6 — — 6 
Total$865 $659 $200 $6 
Liabilities:
Derivative financial instruments$9 $— $9 $— 
  
 Fair Value Measurements at Reporting Date Using
($ in millions)February 1,
2025		Quoted Prices in
Active Markets for
Identical Assets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Assets:
Cash equivalents$310 $302 $8 $— 
Short-term investments253 132 121 — 
Derivative financial instruments33 — 33 — 
Deferred compensation plan assets36 36 — — 
Other assets 3 — — 3 
Total$635 $470 $162 $3 
Liabilities:
Derivative financial instruments$— $— $— $— 
v3.26.1
Derivative Financial Instruments (Tables)
 12 Months Ended
Jan. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Foreign Exchange Forward Contracts Outstanding
As of January 31, 2026 and February 1, 2025, we had foreign exchange forward contracts outstanding in the following notional amounts:
($ in millions)January 31,
2026		February 1,
2025
Derivatives designated as cash flow hedges$426 $363 
Derivatives not designated as hedging instruments414 419 
Total$840 $782 
Fair Values of Asset and Liability Derivative Financial Instruments
The fair values of foreign exchange forward contracts are as follows:
($ in millions)January 31,
2026		February 1,
2025
Derivatives designated as cash flow hedges:
Other current assets$7 $20 
Accrued expenses and other current liabilities2 — 
Derivatives not designated as hedging instruments:
Other current assets1 13 
Accrued expenses and other current liabilities7 — 
Total derivatives in an asset position$8 $33 
Total derivatives in a liability position$9 $— 
Effects of Derivative Financial Instruments on OCI and Consolidated Statements of Income
The pre-tax amounts recognized in net income related to derivative instruments are as follows:
Location and Amount of (Gain) Loss Recognized in Net Income
Fiscal Year 2025Fiscal Year 2024Fiscal Year 2023
($ in millions)Cost of goods sold and occupancy expensesOperating expensesCost of goods sold and occupancy expensesOperating expensesCost of goods sold and occupancy expensesOperating expenses
Total amount of expense line items presented on the Consolidated Statements of Operations in which the effects of derivatives are recorded$9,098 $5,153 $8,859 $5,115 $9,114 $5,215 
(Gain) Loss recognized in net income:
Derivatives designated as cash flow hedges $(9)$— $(15)$— $(18)$— 
Derivatives not designated as hedging instruments— 18 — (35)— (11)
Total (gain) loss recognized in net income
$(9)$18 $(15)$(35)$(18)$(11)
v3.26.1
Common Stock (Share Repurchases) (Tables)
 12 Months Ended
Jan. 31, 2026
Common Stock, Number of Shares, Par Value and Other Disclosure [Abstract]  
Share Repurchase Activity
Share repurchase activity is as follows:
  
Fiscal Year
($ and shares in millions except average per share cost)202520242023
Number of shares repurchased (1)7 3 — 
Total cost$155 $75 $— 
Average per share cost including commissions$21.46 $23.86 $— 
__________
(1)Excludes shares withheld to settle employee tax withholding payments related to the vesting of stock units.
v3.26.1
Share-Based Compensation (Tables)
 12 Months Ended
Jan. 31, 2026
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-Based Compensation Expense
Share-based compensation expense is as follows:
  
Fiscal Year
($ in millions)202520242023
Stock Units
$158 $121 $74 
Stock options1 2 3 
Employee stock purchase plan3 3 3 
Share-based compensation expense162 126 80 
Less: Income tax benefit(26)(22)(14)
Share-based compensation expense, net of tax$136 $104 $66 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] There were no stock options issued to employees during fiscal 2025, 2024, or 2023.
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]
Information about stock options outstanding and exercisable as of January 31, 2026 is as follows:
Intrinsic Value as of January 31, 2026
(in millions)		Number of
Shares as of
January 31, 2026		Weighted-
Average
Remaining
Contractual
Life (in years)		Weighted-
Average
Exercise Price Per Share
Options Outstanding $12 2,523,514 2.8$24.71 
Options Exercisable $11 2,429,305 2.7$25.13 
Stock Options [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Payment Arrangement, Option, Activity [Table Text Block]
A summary of stock option activity under the 2016 Plan for fiscal 2025 is as follows:
SharesWeighted-
Average
Exercise Price Per Share
Balance as of February 1, 20253,144,247 $24.21 
Exercised(374,575)$15.15 
Forfeited/Expired(246,158)$32.92 
Balance as of January 31, 20262,523,514 $24.71 
Additional Information About Stock Unit Activity [Table Text Block]
A summary of additional information about stock options is as follows: 
 Fiscal Year
($ in millions except per share amounts)
202520242023
Aggregate intrinsic value of stock options exercised$4 $17 $7 
Fair value of stock options vested$1 $3 $6 
Stock Units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Payment Arrangement, Option, Activity [Table Text Block]
A summary of Stock Unit activity under the 2016 Plan for fiscal 2025 is as follows:
SharesWeighted-Average
Grant-Date
Fair Value Per Share
Balance as of February 1, 202517,848,050 $16.28 
Granted6,083,346 $19.21 
Granted, with vesting subject to performance and market conditions (1)2,258,207 $21.37 
Change due to performance and market conditions achievements (2)(1,304,452)$12.42 
Vested(5,472,197)$15.85 
Forfeited(2,350,163)$17.50 
Balance as of January 31, 202617,062,791 $18.27 
__________
(1)Based on the target level of performance and market conditions.
(2)Reflects change due to performance and market conditions that were certified during the period.
Additional Information About Stock Unit Activity [Table Text Block]
A summary of additional information about Stock Units is as follows:
 Fiscal Year
($ in millions except per share amounts)
202520242023
Weighted-average fair value per share of Stock Units granted$19.79 $23.89 $9.41 
Fair value of Stock Units vested$87 $68 $82 
v3.26.1
Leases (Tables)
 12 Months Ended
Jan. 31, 2026
Leases [Abstract]  
Lease, Cost [Table Text Block]
Net lease cost recognized on the Consolidated Statements of Operations is summarized as follows:
Fiscal Year
($ in millions)202520242023
Operating lease cost $907 $891 $823 
Variable lease cost 337 363 443 
Net lease cost $1,244 $1,254 $1,266 
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
As of January 31, 2026, the maturities of lease liabilities based on the total minimum lease commitment amount including options to extend lease terms that are reasonably certain of being exercised are as follows:
($ in millions)
Fiscal Year
2026$860 
2027824 
2028710 
2029609 
2030487 
Thereafter1,737 
Total minimum lease payments5,227 
Less: Interest(1,108)
Present value of operating lease liabilities4,119 
Less: Current portion of operating lease liabilities(634)
Long-term operating lease liabilities$3,485 
v3.26.1
Earnings Per Share (Tables)
 12 Months Ended
Jan. 31, 2026
Earnings Per Share [Abstract]  
Weighted-Average Number of Shares
Weighted-average number of shares used for earnings per share is as follows:
 Fiscal Year
(shares in millions)202520242023
Weighted-average number of shares—basic373 376 370 
Common stock equivalents11 8 6 
Weighted-average number of shares—diluted384 384 376 
v3.26.1
Segment Information (Tables)
 12 Months Ended
Jan. 31, 2026
Segment Reporting [Abstract]  
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block]
Long-lived assets, excluding long-term deferred tax assets, by geographic location are as follows: 
($ in millions)January 31,
2026		February 1,
2025
U.S. (1)$5,858 $5,700 
Other regions665 582 
Total long-lived assets$6,523 $6,282 
__________
(1)U.S. includes the United States and Puerto Rico.
Schedule of Segment Reporting Information, by Segment
The following table presents information for segment profit and significant expenses:
Fiscal Year
($ in millions)202520242023
Net sales
$15,366 $15,086 $14,889 
Cost of goods sold
7,232 6,984 7,202 
Occupancy expenses (1)
1,866 1,875 1,912 
Operating expenses (2)
5,153 5,115 5,215 
Operating income
$1,115 $1,112 $560 
__________
(1)Occupancy expenses include lease and other occupancy related cost, depreciation, and amortization related to our store operations, distribution centers, information technology, and certain corporate functions.
(2)Operating expenses primarily include payroll and benefits expenses, advertising expenses, information technology expenses and maintenance costs, and other administrative expenses.
v3.26.1
Supply Chain Finance Program (Tables)
 12 Months Ended
Jan. 31, 2026
Supply Chain Finance [Abstract]  
Supplier Finance Program A rollforward of our outstanding obligations under the SCF program is as follows:
Fiscal Year
($ in millions)20252024
Obligations outstanding at beginning of fiscal year
$387 $373 
Invoices added during the fiscal year
2,604 2,685 
Invoices settled during the fiscal year
(2,601)(2,671)
Obligations outstanding at end of fiscal year
$390 $387 
v3.26.1
Organization and Summary of Significant Accounting Policies Other Significant Accounting Policies (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Accounting Policies [Abstract]      
Payroll, benefits, and other administrative expenses for our distribution centers recorded in operating expenses $ 322 $ 307 $ 320
Research and Development Expense 60 40 37
Advertising expense $ 778 $ 780 $ 882
Latest Lease Expiration Date 2047    
Leasehold Improvements [Member] | Maximum [Member]      
Property, Plant and Equipment [Line Items]      
Estimated property and equipment useful lives 15 years    
Furniture and Equipment [Member] | Maximum [Member]      
Property, Plant and Equipment [Line Items]      
Estimated property and equipment useful lives 10 years    
Building and Building Improvements [Member] | Maximum [Member]      
Property, Plant and Equipment [Line Items]      
Estimated property and equipment useful lives 39 years    
Software Development | Maximum [Member]      
Property, Plant and Equipment [Line Items]      
Estimated property and equipment useful lives 7 years    
v3.26.1
Organization and Summary of Significant Accounting Policies Foreign Exchange Gain/Loss (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Accounting Policies [Abstract]      
Foreign currency transaction gain (loss) $ 30 $ (37) $ (9)
Realized and unrealized gain (loss) from certain derivative financial instruments (18) 35 11
Net foreign exchange gain (loss) $ 12 $ (2) $ 2
v3.26.1
Organization and Summary of Significant Accounting Policies Supplemental Cash Flow Disclosures (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Jan. 28, 2023
Restricted Cash and Cash Equivalent Item [Line Items]        
Cash and cash equivalents $ 2,616 $ 2,335 $ 1,873  
Restricted Cash, Noncurrent 28 30 28  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 2,644 $ 2,365 $ 1,901 $ 1,273
v3.26.1
Additional Financial Statement Information Cash and Cash Equivalents (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Additional Financial Statement Information [Abstract]      
Cash [1] $ 2,193 $ 2,025  
Money Market Funds, at Carrying Value 413 302  
Time Deposits, at Carrying Value 10 8  
Cash and cash equivalents 2,616 2,335 $ 1,873
Amount in transit from banks for customer credit and debit card transactions $ 87 $ 67  
[1] Cash includes $87 million and $67 million of amounts in transit from banks for customer credit card and debit card transactions as of January 31, 2026 and February 1, 2025, respectively
v3.26.1
Additional Financial Statement Information Short Term Investments (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Additional Financial Statement Information [Abstract]    
Financial Instruments, Owned, Corporate Debt, at Fair Value $ 182 $ 121
Short-term investments 386 253
Debt Securities, Available-for-Sale [Line Items]    
Financial Instruments, Owned, Corporate Debt, at Fair Value 182 121
US Treasury Securities    
Additional Financial Statement Information [Abstract]    
Financial Instruments, Owned, US Government and Agency Obligations, at Fair Value 204 132
Debt Securities, Available-for-Sale [Line Items]    
Financial Instruments, Owned, US Government and Agency Obligations, at Fair Value $ 204 $ 132
v3.26.1
Additional Financial Statement Information Other Current Assets (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Other Current Assets [Line Items]    
Accounts Receivable, after Allowance for Credit Loss, Current $ 316 $ 301
Right of return asset 30 27
Other 222 220
Other current assets $ 568 $ 548
v3.26.1
Additional Financial Statement Information Property and Equipment (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Property, Plant and Equipment [Line Items]    
Property and equipment, at cost $ 7,621 $ 7,426
Less: Accumulated depreciation (5,114) (4,930)
Property and equipment, net of accumulated depreciation 2,507 2,496
Furniture and Fixtures [Member]    
Property, Plant and Equipment [Line Items]    
Property and equipment, at cost 2,919 2,816
Leasehold Improvements [Member]    
Property, Plant and Equipment [Line Items]    
Property and equipment, at cost 2,215 2,178
Land, Buildings and Improvements [Member]    
Property, Plant and Equipment [Line Items]    
Property and equipment, at cost 1,246 1,145
Construction in Progress [Member]    
Property, Plant and Equipment [Line Items]    
Property and equipment, at cost 101 169
Software and Software Development Costs    
Property, Plant and Equipment [Line Items]    
Property and equipment, at cost $ 1,140 $ 1,118
v3.26.1
Additional Financial Statement Information Other Long-Term Assets (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Additional Financial Statement Information [Abstract]    
Long-Term Tax-Related Assets $ 466 $ 533
Goodwill 207 207
Trade names 59 59
Other 173 147
Other long-term assets $ 905 $ 946
v3.26.1
Additional Financial Statement Information Accrued Expenses and Other Current Liabilities (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Accrued Expense and Other Current Liabilities [Line Items]      
Accrued compensation and benefits $ 379 $ 442  
Deferred Revenue, Current 272 273 $ 337
Customer Refund Liability, Current 65 60  
Accrued Advertising, Current 53 76  
Other Accrued Liabilities, Current 275 232  
Accrued expenses and other current liabilities $ 1,044 $ 1,083  
v3.26.1
Additional Financial Statement Information Other Long-Term Liabilities (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Additional Financial Statement Information [Abstract]    
Long-term income tax-related liabilities $ 381 $ 344
Long-term asset retirement obligations [1] 29 27
Other 144 151
Other long-term liabilities $ 554 $ 522
[1] The net activity related to asset retirement obligations includes adjustments to the asset retirement obligation balance and fluctuations in foreign currency exchange rates.
v3.26.1
Additional Financial Statement Information Additional Financial Statement Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Additional Financial Statement Information [Abstract]      
Depreciation $ 490 $ 492 $ 513
Interest Costs Capitalized $ 4 $ 6 $ 5
v3.26.1
Disaggregation Revenue (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
 [2]
Disaggregation of Revenue [Line Items]      
Net sales $ 15,366 $ 15,086 $ 14,889 [1]
Store Sales      
Disaggregation of Revenue [Line Items]      
Net sales 9,385 9,332 9,346
Online Sales      
Disaggregation of Revenue [Line Items]      
Net sales [3] $ 5,981 $ 5,754 $ 5,543
[1] Fiscal 2023 includes incremental sales attributable to the 53rd week.
[2] Fiscal 2023 includes incremental sales attributable to the 53rd week.
[3] Online sales primarily include sales originating from our online channel including those that are picked up or shipped from stores and net sales from revenue-generating strategic initiatives.
v3.26.1
Net Sales by Brand and Region (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
 [1]
Disaggregation of Revenue [Line Items]      
Net sales $ 15,366 $ 15,086 $ 14,889 [2]
Old Navy [Member]      
Disaggregation of Revenue [Line Items]      
Net sales 8,657 8,401 8,203
Gap Global      
Disaggregation of Revenue [Line Items]      
Net sales 3,501 3,334 3,341
Banana Republic Global      
Disaggregation of Revenue [Line Items]      
Net sales 1,916 1,933 1,939
Athleta [Member]      
Disaggregation of Revenue [Line Items]      
Net sales 1,219 1,353 1,360
Other entities      
Disaggregation of Revenue [Line Items]      
Net sales [3] 73 65 46
U.S.      
Disaggregation of Revenue [Line Items]      
Net sales [4] 13,556 13,295 12,967
U.S. | Old Navy [Member]      
Disaggregation of Revenue [Line Items]      
Net sales [4] 7,952 7,706 7,460
U.S. | Gap Global      
Disaggregation of Revenue [Line Items]      
Net sales [4] 2,679 2,531 2,470
U.S. | Banana Republic Global      
Disaggregation of Revenue [Line Items]      
Net sales [4] 1,667 1,682 1,681
U.S. | Athleta [Member]      
Disaggregation of Revenue [Line Items]      
Net sales [4] 1,185 1,311 1,310
U.S. | Other entities      
Disaggregation of Revenue [Line Items]      
Net sales [3],[4] 73 65 46
Canada      
Disaggregation of Revenue [Line Items]      
Net sales 1,176 1,182 1,221
Canada | Old Navy [Member]      
Disaggregation of Revenue [Line Items]      
Net sales 648 649 674
Canada | Gap Global      
Disaggregation of Revenue [Line Items]      
Net sales 324 326 332
Canada | Banana Republic Global      
Disaggregation of Revenue [Line Items]      
Net sales 173 168 170
Canada | Athleta [Member]      
Disaggregation of Revenue [Line Items]      
Net sales 31 39 45
Canada | Other entities      
Disaggregation of Revenue [Line Items]      
Net sales [3] 0 0 0
Other Regions      
Disaggregation of Revenue [Line Items]      
Net sales 634 609 701
Other Regions | Old Navy [Member]      
Disaggregation of Revenue [Line Items]      
Net sales 57 46 69
Other Regions | Gap Global      
Disaggregation of Revenue [Line Items]      
Net sales 498 477 539
Other Regions | Banana Republic Global      
Disaggregation of Revenue [Line Items]      
Net sales 76 83 88
Other Regions | Athleta [Member]      
Disaggregation of Revenue [Line Items]      
Net sales 3 3 5
Other Regions | Other entities      
Disaggregation of Revenue [Line Items]      
Net sales [3] $ 0 $ 0 $ 0
[1] Fiscal 2023 includes incremental sales attributable to the 53rd week.
[2] Fiscal 2023 includes incremental sales attributable to the 53rd week.
[3] Primarily consists of net sales from revenue-generating strategic initiatives.
[4] U.S. includes the United States and Puerto Rico.
v3.26.1
Revenue (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Apr. 30, 2022
Revenue from Contract with Customer [Abstract]        
Liabilities, Other than Long-term Debt, Noncurrent       $ 60
Deferred Revenue, Revenue Recognized $ 175 $ 233    
Deferred Revenue, Current $ 272 $ 273 $ 337  
v3.26.1
Income Taxes Income Taxes - Components Of Income Before Income Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Income Tax Disclosure [Abstract]      
United States $ 982 $ 977 $ 463
Foreign 150 160 93
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $ 1,132 $ 1,137 $ 556
v3.26.1
Income Taxes Income Taxes - Tax Provision (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Current Income Tax Expense (Benefit), Continuing Operations [Abstract]      
Federal $ 167 $ 194 $ 63
State 38 29 12
Foreign 42 43 43
Total current 247 266 118
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract]      
Federal 49 (1) (40)
State 13 21 (6)
Foreign 7 7 (18)
Total deferred 69 27 (64)
Income Tax Expense (Benefit), Total $ 316 $ 293 $ 54
v3.26.1
Income Taxes Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Income Tax Disclosure [Abstract]      
Federal statutory tax rate 21.00% 21.00% 21.00%
State and local income taxes, net of federal benefit 4.40% [1] 4.40% 2.50%
Tax impact of foreign operations 1.50% (2.40%) (0.70%)
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent 1.40% 3.50% (11.00%)
Effective Income Tax Rate Reconciliation, Disposition of Business, Percent   0.00% (1.60%)
Other   (0.70%) (0.50%)
Effective tax rate 27.90% 25.80% 9.70%
Effective Income Tax Rate Reconciliation [Line Items]      
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount $ 238    
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount [1] $ 50    
Federal statutory tax rate 21.00% 21.00% 21.00%
State and local income taxes, net of federal benefit 4.40% [1] 4.40% 2.50%
Other   (0.70%) (0.50%)
Effective Income Tax Rate Reconciliation, Tax Credit, Research, Percent (1.10%)    
Effective Income Tax Rate Reconciliation, Tax Credit, Research, Amount $ (13)    
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Percent (0.20%)    
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Amount $ (2)    
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent 1.40% 3.50% (11.00%)
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount $ 16    
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-Based Payment Arrangement, Percent 1.30%    
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-Based Payment Arrangement, Amount $ 15    
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Percent (0.30%)    
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount $ (3)    
Effective Income Tax Rate Reconciliation, Tax Contingency, Percent 1.40%    
Effective Income Tax Rate Reconciliation, Tax Contingency, Amount $ 16    
Effective Income Tax Rate Reconciliation, Percent 27.90% 25.80% 9.70%
Income tax expense $ 316 $ 293 $ 54
Tax impact of foreign operations 1.50% (2.40%) (0.70%)
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Amount $ 17    
Effective Income Tax Rate Reconciliation, Cross-Border Tax Effect, Percent (1.10%)    
Effective Income Tax Rate Reconciliation, Cross-Border Tax Effect, Amount $ (13)    
Effective Income Tax Rate Reconciliation, Cross-Border, Other, Percent (0.40%)    
Effective Income Tax Rate Reconciliation, Cross-Border, Other, Amount $ (5)    
[1] State and local income taxes in New York, California, New Jersey, New York City, Illinois, Florida, and Pennsylvania make up the majority (greater than 50 percent) of the tax effect in this category.
v3.26.1
Income Taxes Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Gross deferred tax assets:    
Deferred Tax Asset Operating Lease Liability $ 1,061 $ 1,037
Deferred Tax Assets Accrued Payroll And Related Benefits 103 108
Deferred Tax Assets Nondeductible Accruals 187 177
Deferred Tax Assets, Inventory 53 51
Deferred Tax Assets, Deferred Income 43 43
Deferred Tax Assets, Operating Loss Carryforwards 188 179
Deferred Tax Assets, Other 64 49
Deferred Tax Assets, Gross, Total 1,699 1,644
Deferred Tax Assets, Valuation Allowance (311) (261)
Deferred Tax Assets, Net of Valuation Allowance, Total 1,388 1,383
Deferred Tax Liabilities, Gross [Abstract]    
Depreciation and amortization (159) (126)
Deferred Tax Liabilities Operating Lease Asset (883) (839)
Other (14) (18)
Deferred Tax Liabilities, Gross, Total 1,056 983
Deferred Tax Assets, Net, Total $ 332 $ 400
v3.26.1
Income Taxes Income Taxes - Unrecognized Tax Benefits Roll Forward (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Income Tax Disclosure [Abstract]      
Balance at beginning of fiscal year $ 374 $ 343 $ 344
Increases related to current year tax positions 15 13 12
Prior year tax positions:      
Increases 4 22 21
Decreases (1) (1) (30)
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations (1) (1) (1)
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities   1 3
Cash settlements 0    
Foreign currency translation 3 (1) 0
Balance at end of fiscal year $ 394 $ 374 $ 343
v3.26.1
Income Taxes - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Jan. 28, 2023
Operating Loss Carryforwards [Line Items]        
Unrecognized Tax Benefits, Income Tax Penalties Accrued $ 0 $ 0    
Deferred Tax Assets, Valuation Allowance 311 261    
Unrecognized Tax Benefits 394 374 $ 343 $ 344
Unrecognized Tax Benefits that Would Impact Effective Tax Rate 373 354 325  
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense 22 17 4  
Unrecognized Tax Benefits, Interest on Income Taxes Accrued 88 $ 66    
Benefit for changes in US and foreign valuation allowances     65  
Benefit related to a US transfer pricing settlement related to sourcing activities     $ 32  
Tax Years 2009 through 2013 | Internal Revenue Service (IRS)        
Operating Loss Carryforwards [Line Items]        
Research Tax Credits 41      
State and Local Jurisdiction [Member]        
Operating Loss Carryforwards [Line Items]        
Operating Loss Carryforwards 766      
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration 628      
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration 138      
Domestic Tax Jurisdiction [Member]        
Operating Loss Carryforwards [Line Items]        
Deferred Tax Assets, Valuation Allowance 311      
Foreign Tax Jurisdiction [Member]        
Operating Loss Carryforwards [Line Items]        
Operating Loss Carryforwards 603      
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration 243      
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration $ 360      
v3.26.1
Income Taxes Income Tax Items (Details)
$ in Millions
Jan. 31, 2026
USD ($)
Foreign Tax Jurisdiction [Member]  
Income Tax Items [Line Items]  
Deferred Tax Assets, Tax Credit Carryforwards, Foreign $ 61
Operating Loss Carryforwards 603
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration 360
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration 243
State and Local Jurisdiction [Member]  
Income Tax Items [Line Items]  
Operating Loss Carryforwards 766
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration 138
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration $ 628
v3.26.1
Income Taxes Cash Flow Supplemental Disclosures (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Income Tax Items [Line Items]      
Income Tax Paid, Federal, after Refund Received $ 163    
Income Tax Paid, State and Local, after Refund Received 55    
Income Tax Paid, Foreign, after Refund Received 17    
Income Taxes Paid, Net $ 235 $ 237 $ 49
v3.26.1
Goodwill and Trade Names Table (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Goodwill [Line Items]    
Goodwill $ 207 $ 207
Indefinite-Lived Trade Names 59 59
Finite-Lived Intangible Assets, Gross 54 54
Finite-Lived Intangible Assets, Accumulated Amortization (50) (44)
Finite-Lived Intangible Assets, Net $ 4 $ 10
v3.26.1
Goodwill and Trade Names - Additional Goodwill (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Goodwill [Line Items]      
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) $ 0 $ 0 $ 0
Amortization of Intangible Assets 6 8 9
Goodwill, Impairment Loss $ 0 $ 0 $ 0
v3.26.1
Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Debt Instrument [Line Items]    
Unamortized Debt Issuance Expense $ (8) $ (10)
Notes Payable 1,492 1,490
Aggregate principal amount of notes issued 1,500  
2029 Notes    
Debt Instrument [Line Items]    
Aggregate principal amount of notes issued 750 [1] 750
2031 Notes    
Debt Instrument [Line Items]    
Aggregate principal amount of notes issued $ 750 [2] $ 750
[1] On or after October 1, 2024, includes an option to redeem the 2029 Notes, in whole or in part at any time, at stated redemption prices.
[2] Includes an option to redeem the 2031 Notes, in whole or in part at any time, subject to a make-whole premium, prior to October 1, 2026. On or after October 1, 2026, includes an option to redeem the 2031 Notes, in whole or in part at any time, at stated redemption prices.
v3.26.1
Long Term Debt Maturities Table (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Debt Disclosure [Abstract]    
Aggregate principal amount of notes issued $ 1,500  
Debt Instrument [Line Items]    
Aggregate principal amount of notes issued 1,500  
2029 Notes    
Debt Disclosure [Abstract]    
Aggregate principal amount of notes issued $ 750 [1] $ 750
Notes, interest rate 3.625%  
Debt Instrument [Line Items]    
Notes, interest rate 3.625%  
Aggregate principal amount of notes issued $ 750 [1] 750
2031 Notes    
Debt Disclosure [Abstract]    
Aggregate principal amount of notes issued $ 750 [2] 750
Notes, interest rate 3.875%  
Debt Instrument [Line Items]    
Notes, interest rate 3.875%  
Aggregate principal amount of notes issued $ 750 [2] $ 750
[1] On or after October 1, 2024, includes an option to redeem the 2029 Notes, in whole or in part at any time, at stated redemption prices.
[2] Includes an option to redeem the 2031 Notes, in whole or in part at any time, subject to a make-whole premium, prior to October 1, 2026. On or after October 1, 2026, includes an option to redeem the 2031 Notes, in whole or in part at any time, at stated redemption prices.
v3.26.1
Debt - Additional Information (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Debt Instrument [Line Items]    
Estimated fair value $ 1,410.0  
Aggregate principal amount of notes issued 1,500.0  
ABL Facility [Member]    
Debt Instrument [Line Items]    
Letters of Credit Outstanding, Amount 45.0  
Line of Credit Facility, Amount Outstanding 0.0 $ 0.0
Line of Credit Facility, Maximum Borrowing Capacity $ 2,200.0  
v3.26.1
ABL Facility Addition Information (Details) - ABL Facility [Member] - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Debt Instrument [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity $ 2,200.0  
Letters of Credit Outstanding, Amount 45.0  
Line of Credit Facility, Amount Outstanding $ 0.0 $ 0.0
v3.26.1
Fair Value Measurements - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Assets:    
Cash equivalents $ 423 $ 310
Short-term investments 386 253
Derivative financial instruments 8 33
Deferred compensation plan assets 42 36
Other Assets, Fair Value Disclosure 6 3
Assets, Fair Value Disclosure 865 635
Liabilities:    
Derivative Liability, Fair Value, Gross Liability 9 0
Fair Value, Inputs, Level 1 [Member]    
Assets:    
Cash equivalents 413 302
Short-term investments 204 132
Derivative financial instruments 0 0
Deferred compensation plan assets 42 36
Other Assets, Fair Value Disclosure 0 0
Assets, Fair Value Disclosure 659 470
Liabilities:    
Derivative Liability, Fair Value, Gross Liability 0 0
Fair Value, Inputs, Level 2 [Member]    
Assets:    
Cash equivalents 10 8
Short-term investments 182 121
Derivative financial instruments 8 33
Deferred compensation plan assets 0 0
Other Assets, Fair Value Disclosure 0 0
Assets, Fair Value Disclosure 200 162
Liabilities:    
Derivative Liability, Fair Value, Gross Liability 9 0
Fair Value, Inputs, Level 3 [Member]    
Assets:    
Cash equivalents 0 0
Short-term investments 0 0
Derivative financial instruments 0 0
Deferred compensation plan assets 0 0
Other Assets, Fair Value Disclosure 6 3
Assets, Fair Value Disclosure 6 3
Liabilities:    
Derivative Liability, Fair Value, Gross Liability $ 0 $ 0
v3.26.1
Fair Value Measurements Long Lived Assets Impairment (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Long Lived Assets [Line Items]      
Goodwill, Impairment Loss $ 0 $ 0 $ 0
Total Impairment Charges 0 0 0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) $ 0 $ 0 $ 0
v3.26.1
Fair Value Measurements - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Fair Value Of Financial Instruments [Line Items]      
Short-term investments $ 386 $ 253  
Debt Securities, Available-for-Sale, Realized Gain (Loss) 0 0  
Debt Securities, Available-for-sale, Unrealized Gain (Loss) 0 0  
Impairment Charges, Debt Securities, Available-for-sale 0 0  
Total Impairment Charges 0 0 $ 0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases, Sales, Issues, Settlements $ 0 $ 0  
v3.26.1
Derivative Financial Instruments - Foreign Exchange Contracts Outstanding to Sell Various Currencies (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Derivative [Line Items]    
Derivative, Notional Amount $ 840 $ 782
Derivatives in cash flow hedging relationships    
Derivative [Line Items]    
Derivative, Notional Amount 426 363
Not Designated as Hedging Instrument [Member]    
Derivative [Line Items]    
Derivative, Notional Amount $ 414 $ 419
v3.26.1
Derivative Financial Instruments - Fair Values of Asset and Liability Derivative Financial Instruments (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Derivatives, Fair Value [Line Items]    
Total derivative instruments, assets $ 8 $ 33
Total derivative instruments, liabilities 9 0
Foreign exchange forward contracts    
Derivatives, Fair Value [Line Items]    
Total derivative instruments, assets 8 33
Total derivative instruments, liabilities 9 0
Foreign exchange forward contracts | Derivatives in cash flow hedging relationships | Other Current Assets [Member]    
Derivatives, Fair Value [Line Items]    
Total derivative instruments, assets 7 20
Foreign exchange forward contracts | Derivatives in cash flow hedging relationships | Accrued Liabilities Current [Member]    
Derivatives, Fair Value [Line Items]    
Total derivative instruments, liabilities 2 0
Foreign exchange forward contracts | Derivatives not designated as hedging instruments | Other Current Assets [Member]    
Derivatives, Fair Value [Line Items]    
Total derivative instruments, assets 1 13
Foreign exchange forward contracts | Derivatives not designated as hedging instruments | Accrued Liabilities Current [Member]    
Derivatives, Fair Value [Line Items]    
Total derivative instruments, liabilities $ 7 $ 0
v3.26.1
Derivative Financial Instruments - Effects Of Derivative Financial Instruments On OCI And Consolidated Statements Of Income (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Derivative Instruments, Gain (Loss) [Line Items]      
Amounts Subject to Enforceable Master Netting Arrangements $ 0 $ 0  
Operating expenses 5,153 5,115 $ 5,215
Cost of goods sold and occupancy expenses 9,098 8,859 9,114
Cost of Goods Sold and Occupancy Expense      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ (9) $ (15) $ (18)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of goods sold and occupancy expenses Cost of goods sold and occupancy expenses Cost of goods sold and occupancy expenses
Operating expenses      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ 18 $ (35) $ (11)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Operating expenses Operating expenses Operating expenses
Foreign exchange forward contracts | Cost of Goods Sold and Occupancy Expense | Derivatives not designated as hedging instruments      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net $ 0 $ 0 $ 0
Foreign exchange forward contracts | Cost of Goods Sold and Occupancy Expense | Derivatives in cash flow hedging relationships      
Derivative Instruments, Gain (Loss) [Line Items]      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax (9) (15) (18)
Foreign exchange forward contracts | Operating expenses | Derivatives not designated as hedging instruments      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net 18 (35) (11)
Foreign exchange forward contracts | Operating expenses | Derivatives in cash flow hedging relationships      
Derivative Instruments, Gain (Loss) [Line Items]      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax $ 0 $ 0 $ 0
v3.26.1
Derivative Financial Instruments - Additional Information (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Derivative [Line Items]    
Amounts Subject to Enforceable Master Netting Arrangements $ 0 $ 0
v3.26.1
Common Stock (Share Repurchase Activity) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Common Stock, Number of Shares, Par Value and Other Disclosure [Abstract]      
Number of shares repurchased (in shares) 7 [1] 3 [1] 0
Treasury Stock, Value, Acquired, Cost Method $ 155 $ 75 $ 0
Average per share cost including commissions (in dollars per share) $ 21.46 $ 23.86 $ 0
[1] Excludes shares withheld to settle employee tax withholding payments related to the vesting of stock units.
v3.26.1
Common Stock - Additional Information (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 24, 2026
Feb. 01, 2025
Feb. 26, 2019
Class of Stock [Line Items]        
Common Stock, Shares Authorized 2,300,000   2,300,000  
Common stock, shares issued (in shares) 372,000   374,000  
Preferred stock, shares authorized (in shares) 30,000      
Preferred stock, par value (in dollars per share) $ 0.05      
Preferred stock, shares issued (in shares) 0      
Share repurchases, authorized amount       $ 1,000
Share repurchases, remaining amount $ 246      
Subsequent Event        
Class of Stock [Line Items]        
Share repurchases, authorized amount   $ 1,000    
Common Class B [Member]        
Class of Stock [Line Items]        
Common Stock, Shares Authorized 60,000      
Common Stock, Voting Rights six      
Common stock, shares issued (in shares) 0      
v3.26.1
Share-Based Compensation - Total Share-Based Compensation Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation expense $ 162 $ 126 $ 80
Less: Income tax benefit (26) (22) (14)
Share-based compensation expense, net of tax 136 104 66
Stock Units [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation expense 158 121 74
Stock Options [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation expense 1 2 3
Employee stock purchase plan      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation expense $ 3 $ 3 $ 3
v3.26.1
Share-Based Compensation Share-Based Compensation - Stock Unit Activity (Details) - Stock Units [Member] - $ / shares
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Stock Units Outstandings, Shares 17,062,791 17,848,050
Stock Units Granted, Shares 6,083,346  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period with Vesting subject to performance and market conditions [1] 2,258,207  
Stock Units Vested, Shares (5,472,197)  
Stock Units Forfeited, Shares (2,350,163)  
Stock Units Outstanding, Weighted-Average Grant-Date Fair Value $ 18.27 $ 16.28
Granted, Weighted-Average Grant-Date Fair Value 19.21  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options,  Grants w Vesting subject to performance and market conditions, Wt Avg Grant Date Fair Value [1] 21.37  
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Changed Due To Performance Condition In Period Weighted Average Grant Date Fair Value [2] $ 12.42  
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Change Due To Performance Or Market Conditions Achievement [2] (1,304,452)  
Vested, Weighted-Average Grant-Date Fair Value $ 15.85  
Forfeited, Weighted-Average Grant-Date Fair Value $ 17.50  
[1] Based on the target level of performance and market conditions.
[2] Reflects change due to performance and market conditions that were certified during the period.
v3.26.1
Share-Based Compensation Share-Based Compensation - Additional Information About Stock Unit Activity (Details) - Stock Units [Member] - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Weighted Average Fair Value Per Share of Stock Units Granted Including Those Subject to Performance Conditions $ 19.79 $ 23.89 $ 9.41
Fair value of Stock Units vested $ 87 $ 68 $ 82
v3.26.1
Share-Based Compensation Share-Based Compensation - Stock Options, Activity (Details) - $ / shares
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Options Outstanding, Shares 2,523,514  
Options Outstanding, Weighted-Average Exercise Price $ 24.71  
Stock Options [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Options Outstanding, Shares 2,523,514 3,144,247
Options Exercised, Shares (374,575)  
Options Forfeited/Expired, Shares (246,158)  
Options Outstanding, Weighted-Average Exercise Price $ 24.71 $ 24.21
Options Exercised, Weighted-Average Exercise Price 15.15  
Options Forfeited/Expired, Weighted Average Exercise Price $ 32.92  
Vesting period 4 years  
v3.26.1
Share-Based Compensation Share-Based Compensation - Additional Information About Stock Option Activity (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Aggregate intrinsic value of stock options exercised $ 11    
Stock Options [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Aggregate intrinsic value of stock options exercised 4 $ 17 $ 7
Fair value of stock options vested $ 1 $ 3 $ 6
v3.26.1
Share-Based Compensation Share-Based Compensation - Arrangement By Shares Outstanding And Exercisable (Details)
$ / shares in Units, $ in Millions
 12 Months Ended
Jan. 31, 2026
USD ($)
$ / shares
shares
Share-based Compensation, Shares Authorized under Stock Option Plans [Line Items]  
Aggregate intrinsic value of options outstanding | $ $ 12
Options Outstanding, Shares | shares 2,523,514
Options Outstanding, Weighted-Average Remaining Contractual Life (in years) 2 years 9 months 18 days
Options Outstanding, Weighted-Average Exercise Price | $ / shares $ 24.71
Aggregate intrinsic value of stock options exercised | $ $ 11
Options Exercisable, Shares | shares 2,429,305
Weighted-average reemaining contractual life of stock options exercisable 2 years 8 months 12 days
Options Exercised, Weighted-Average Exercise Price | $ / shares $ 25.13
v3.26.1
Share-Based Compensation Share-Based Compensation - Additional Information (Details) - USD ($)
$ / shares in Millions, $ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based Payment Arrangement, Amount Capitalized $ 0 $ 0 $ 0
No material modifications made to our outstanding stock options and stock awards no no no
2016 Plan [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Number of shares authorized for issuance 311,586,781    
Stock Units [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Aggregate intrinsic value of unvested Stock Units $ 477    
Nonvested awards, total compensation cost not yet recognized $ 200    
Nonvested awards, total compensation cost not yet recognized, period for recognition 1 year 7 months 6 days    
Stock Options [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Vesting period 4 years    
Annual vesting percentage for stock options 25.00%    
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period 10 years    
Employee stock purchase plan      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent 85.00%    
Share-based compensation arrangement by share-based payment award, discount from market price, purchase date 15.00%    
Stock issued during period, Shares, Employee Stock Purchase Plans 963,596 935,816 1,945,332
Common stock, capital shares reserved for future issuance 8,737,120    
Employee stock purchase plan | Maximum [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Percentage deduction from payroll for Employee Stock Purchase 15.00%    
Employee stock purchase plan | Minimum [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Percentage deduction from payroll for Employee Stock Purchase 1.00%    
v3.26.1
Leases Cost (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Leases [Abstract]      
Operating Lease, Cost $ 907 $ 891 $ 823
Variable Lease, Cost 337 363 443
Lease, Cost 1,244 1,254 $ 1,266
Lease cost - Finance $ 0 $ 0  
v3.26.1
Leases Minimum lease liability ASC 842 (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Leases [Abstract]    
Lessee, Operating Lease, Liability, Payments, Remainder of Fiscal Year $ 860  
Lessee, Operating Lease, Liability, Payments, Due Year Two 824  
Lessee, Operating Lease, Liability, Payments, Due Year Three 710  
Lessee, Operating Lease, Liability, Payments, Due Year Four 609  
Lessee, Operating Lease, Liability, Payments, Due Year Five 487  
Lessee, Operating Lease, Liability, Payments, Due after Year Five 1,737  
Lessee, Operating Lease, Liability, Payments, Due 5,227  
Lessee, Operating Lease, Liability, Undiscounted Excess Amount (1,108)  
Operating Lease, Liability 4,119  
Operating Lease, Liability, Current (634) $ (632)
Operating Lease, Liability, Noncurrent $ 3,485 $ 3,353
v3.26.1
Leases Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Leases [Abstract]      
Additions Of Operating Lease Assets $ 841 $ 784 $ 544
Minimum Lease Commitment Signed Not Yet Commenced $ 212 $ 59  
Operating Lease, Weighted Average Remaining Lease Term 7 years 6 months 7 years 2 months 12 days  
Operating Lease, Weighted Average Discount Rate, Percent 6.40% 6.40%  
Operating Lease, Right-of-Use Asset $ 3,443 $ 3,240  
Lease cost - Finance 0 0  
Finance Lease, Liability 0 0  
Finance lease asset $ 0 $ 0  
v3.26.1
Employee Benefit Plans (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Defined Benefit Plan Disclosure [Line Items]      
Deferred Compensation Arrangement with Individual, Contributions by Employer $ 0 $ 0 $ 0
Defined Contribution Plan, Cost 49 48 $ 49
Deferred compensation plan assets 42 36  
Deferred Compensation Liability, Current and Noncurrent $ 42 $ 36  
v3.26.1
Earnings Per Share - Weighted Average Number of Shares (Details) - shares
shares in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Earnings Per Share [Abstract]      
Weighted-average number of shares - basic (in shares) 373 376 370
Common stock equivalents (in shares) 11 8 6
Weighted-average number of shares - diluted (in shares) 384 384 376
v3.26.1
Earnings Per Share - Additional Information (Details) - shares
shares in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Earnings Per Share [Abstract]      
Shares excluded from the computations of weighted-average number of shares - diluted 2 2 6
v3.26.1
Commitments and Contingencies Commitments and Contingencies Additional (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Commitments and Contingencies Disclosure [Abstract]    
Loss Contingency, Estimate of Possible Loss $ 0 $ 0
v3.26.1
Segment Information - Long-Lived Assets By Geographic Location (Detail) - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Segment Reporting Information [Line Items]    
Long-Lived Assets $ 6,523 $ 6,282
U.S.    
Segment Reporting Information [Line Items]    
Long-Lived Assets [1] 5,858 5,700
Other Foreign    
Segment Reporting Information [Line Items]    
Long-Lived Assets $ 665 $ 582
[1] U.S. includes the United States and Puerto Rico.
v3.26.1
Segment Information - Additional Information (Details)
$ in Millions
 12 Months Ended
Jan. 31, 2026
USD ($)
Feb. 01, 2025
USD ($)
Feb. 03, 2024
USD ($)
Segment Reporting [Abstract]      
Number of reportable segments (in segments) 1    
Segment Reporting Information [Line Items]      
Net sales $ 15,366 $ 15,086 $ 14,889 [1],[2]
Operating Income (Loss) 1,115 1,112 560
Operating Segments      
Segment Reporting Information [Line Items]      
Net sales 15,366 15,086 14,889
Cost of goods sold 7,232 6,984 7,202
Occupancy expenses [3] 1,866 1,875 1,912
Operating expenses [4] 5,153 5,115 5,215
Operating Income (Loss) $ 1,115 $ 1,112 $ 560
[1] Fiscal 2023 includes incremental sales attributable to the 53rd week.
[2] Fiscal 2023 includes incremental sales attributable to the 53rd week.
[3] Occupancy expenses include lease and other occupancy related cost, depreciation, and amortization related to our store operations, distribution centers, information technology, and certain corporate functions.
[4] Operating expenses primarily include payroll and benefits expenses, advertising expenses, information technology expenses and maintenance costs, and other administrative expenses.
v3.26.1
Supply Chain Finance Program (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Supply Chain Finance [Abstract]      
Supplier Finance Program, Obligation, Current $ 390 $ 387 $ 373
Supplier Finance Program, Obligation, Current, Statement of Financial Position [Extensible Enumeration] Accounts payable    
Supplier Finance Program [Line Items]      
Supplier Finance Program, Obligation, Current $ 390 387 $ 373
Supplier Finance Program, Obligation, Addition 2,604 2,685  
Supplier Finance Program, Obligation, Settlement (2,601) (2,671)  
Collateral Pledged      
Supplier Finance Program [Line Items]      
Restricted Cash $ 0 $ 0  
v3.26.1
Subsequent Events (Details) - Subsequent Event
$ in Millions
Feb. 27, 2026
USD ($)
Subsequent Event [Line Items]  
Proceeds from Legal Settlements $ 313
Proceeds from Legal Settlements $ 313