FL Foot Locker

Document And Entity Information

Document And Entity Information - shares9 Months Ended
Nov. 02, 2019Dec. 06, 2019
Document And Entity Information [Abstract]
Document Type10-Q
Document Period End DateNov. 2,
2019
Entity File Number1-10299
Entity Registrant NameFOOT LOCKER, INC.
Entity Incorporation, State or Country CodeNY
Entity Tax Identification Number13-3513936
Entity Address, Address Line One330 West 34th Street
Entity Address, City or TownNew York
Entity Address, State or ProvinceNY
Entity Address, Postal Zip Code10001
City Area Code212
Local Phone Number720-3700
Title of 12(b) SecurityCommon Stock
Security Exchange NameNYSE
Entity Current Reporting StatusYes
Entity Filer CategoryLarge Accelerated Filer
Entity Small Businessfalse
Entity Emerging Growth Companyfalse
Entity Shell Companyfalse
Entity Common Stock, Shares Outstanding104,565,333
Entity Central Index Key0000850209
Current Fiscal Year End Date--02-01
Document Fiscal Year Focus2019
Document Fiscal Period FocusQ3
Amendment Flagfalse
Trading SymbolFL
Entity Interactive Data CurrentYes
Document Quarterly Reporttrue
Document Transition Reportfalse

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in MillionsNov. 02, 2019Feb. 02, 2019[1]Nov. 03, 2018
Current assets:
Cash and cash equivalents $ 744 $ 891 $ 748
Merchandise inventories1,304 1,269 1,305
Other current assets299 358 325
Assets, current, total2,347 2,518 2,378
Property and equipment, net814 836 824
Operating lease right-of-use assets2,956
Deferred taxes93 87 107
Goodwill156 157 157
Other intangible assets, net21 24 39
Other assets234 198 175
Total assets6,621 3,820 3,680
Current liabilities:
Accounts payable396 387 383
Accrued and other liabilities333 377 312
Current portion of lease obligations508
Liabilities, current, total1,237 764 695
Long-term debt122 124 124
Long-term lease obligations2,719
Other liabilities116 426 410
Total liabilities4,194 1,314 1,229
Shareholders' equity:
Common stock and paid-in capital: 113,204,118; 121,500,846; and 112,932,605 shares outstanding, respectively832 809 864
Retained earnings2,310 2,104 2,323
Accumulated other comprehensive loss(382)(370)(361)
Less: Treasury stock at cost: 8,139,520; 8,109,644; and 711,024 shares, respectively(333)(37)(375)
Total shareholders' equity2,427 2,506 2,451
Liabilities and equity, total $ 6,621 $ 3,820 $ 3,680
[1]The balance sheet at February 2, 2019 has been derived from the previously reported audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended February 2, 2019.

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - sharesNov. 02, 2019Feb. 02, 2019Nov. 03, 2018
CONSOLIDATED BALANCE SHEETS [Abstract]
Common Stock, Shares Outstanding, Issued, Total113,204,118 112,932,605 121,500,846
Treasury Stock, Shares8,139,520 711,024 8,109,644

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions3 Months Ended9 Months Ended
Nov. 02, 2019Nov. 03, 2018Nov. 02, 2019Nov. 03, 2018
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]
Sales $ 1,932 $ 1,860 $ 5,784 $ 5,667
Cost of sales1,312 1,272 3,941 3,874
Selling, general and administrative expenses411 398 1,220 1,163
Depreciation and amortization44 44 134 133
Litigation and other charges1 2 16 17
Income from operations164 144 473 480
Interest income, net3 2 9 5
Other income4 8 5
Income before income taxes171 146 490 490
Income tax expense46 16 133 107
Net income $ 125 $ 130 $ 357 $ 383
Basic earnings per share $ 1.16 $ 1.14 $ 3.24 $ 3.29
Weighted-average shares outstanding106.9 114.5 110 116.6
Diluted earnings per share $ 1.16 $ 1.14 $ 3.23 $ 3.28
Weighted-average shares outstanding, assuming dilution107.2 115 110.5 117.1

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions3 Months Ended9 Months Ended
Nov. 02, 2019Nov. 03, 2018Nov. 02, 2019Nov. 03, 2018
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income $ 125 $ 130 $ 357 $ 383
Foreign currency translation adjustment:
Translation adjustment arising during the period, net of income tax (benefit) of $2, $(2), $1, and $(9) million, respectively5 (23)(16)(81)
Cash flow hedges:
Change in fair value of derivatives, net of income tax(5)(2)1
Pension and postretirement adjustments:
Amortization of net actuarial gain/loss and prior service cost included in net periodic benefit costs, net of income tax expense of $1, $1, $2, and $2 million, respectively2 2 6 6
Pension remeasurement and foreign currency fluctuations arising during the year, net of income tax benefit of $-, $-, $-, and $3, respectively.(8)
Comprehensive income $ 127 $ 109 $ 345 $ 301

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions3 Months Ended9 Months Ended
Nov. 02, 2019Nov. 03, 2018Nov. 02, 2019Nov. 03, 2018
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income tax benefit on translation adjustment $ 2 $ (2) $ 1 $ (9)
Income tax expense on amortization of net actuarial gain/loss and prior service cost $ 1 $ 1 $ 2 2
Income tax benefit on pension remeasurement and foreign currency fluctuations arising during the year $ 3

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in MillionsAdditional Paid-In Capital & Common StockTreasury Stock [Member]Retained EarningsAccumulated Other Comprehensive Loss [Member]Total
Beginning Balance at Feb. 03, 2018 $ 842 $ (63) $ 2,019 $ (279) $ 2,519
Beginning Balance (in shares) at Feb. 03, 2018121,262,000
Beginning Balance (in treasury shares) at Feb. 03, 2018(1,433,000)
Restricted stock issued (in shares)92,000
Issued under director and stock plans $ 6 6
Issued under director and stock plans (in shares)146,000
Share-based compensation expense $ 16 16
Shares of common stock used to satisfy tax withholding obligations $ (1)(1)
Shares of common stock used to satisfy tax withholding obligations (in shares)(36,000)
Share repurchases $ (313)(313)
Share repurchases (in shares)(6,689,000)
Reissued - employee stock purchase plan $ 2 2
Reissued - employee stock purchase plan (in shares)48,000
Net income383 383
Cash dividends declared on common stock ($0.38, and $0.345 per share in 2019 and 2018 respectively)(120)(120)
Translation adjustment, net of tax(81)(81)
Change in cash flow hedges, net of tax1 1
Pension and postretirement adjustments, net of tax(2)(2)
Cumulative effect of the adoption new ASUs | Accounting Standards Update 2014-09 [Member]4 4
Cumulative effect of the adoption new ASUs | Accounting Standards Update 2016 16 [Member]37 37
Ending Balance at Nov. 03, 2018 $ 864 $ (375)2,323 (361) $ 2,451
Ending Balance (in shares) at Nov. 03, 2018121,500,000
Ending Balance (in treasury shares) at Nov. 03, 2018(8,110,000)(8,109,644)
Beginning Balance at Aug. 04, 2018 $ 857 $ (267)2,232 (340) $ 2,482
Beginning Balance (in shares) at Aug. 04, 2018121,497,000
Beginning Balance (in treasury shares) at Aug. 04, 2018(5,869,000)
Issued under director and stock plans (in shares)3,000
Share-based compensation expense $ 7 7
Shares of common stock used to satisfy tax withholding obligations (in shares)(4,000)
Share repurchases $ (108)(108)
Share repurchases (in shares)(2,237,000)
Net income130 130
Cash dividends declared on common stock ($0.38, and $0.345 per share in 2019 and 2018 respectively)(39)(39)
Translation adjustment, net of tax(23)(23)
Pension and postretirement adjustments, net of tax2 2
Ending Balance at Nov. 03, 2018 $ 864 $ (375)2,323 (361) $ 2,451
Ending Balance (in shares) at Nov. 03, 2018121,500,000
Ending Balance (in treasury shares) at Nov. 03, 2018(8,110,000)(8,109,644)
Beginning Balance at Feb. 02, 2019 $ 809 $ (37)2,104 (370) $ 2,506 [1]
Beginning Balance (in shares) at Feb. 02, 2019112,933,000
Beginning Balance (in treasury shares) at Feb. 02, 2019(711,000)(711,024)
Restricted stock issued (in shares)88,000
Issued under director and stock plans $ 4 $ 4
Issued under director and stock plans (in shares)183,000
Share-based compensation expense $ 19 19
Shares of common stock used to satisfy tax withholding obligations $ (2)(2)
Shares of common stock used to satisfy tax withholding obligations (in shares)(32,000)
Share repurchases $ (300)(300)
Share repurchases (in shares)(7,493,000)
Reissued - employee stock purchase plan $ 6 6
Reissued - employee stock purchase plan (in shares)96,000
Net income357 357
Cash dividends declared on common stock ($0.38, and $0.345 per share in 2019 and 2018 respectively)(125)(125)
Translation adjustment, net of tax(16)(16)
Change in cash flow hedges, net of tax(2)(2)
Pension and postretirement adjustments, net of tax6 6
Cumulative effect of the adoption new ASUs(26)(26)
Ending Balance at Nov. 02, 2019 $ 832 $ (333)2,310 (382) $ 2,427
Ending Balance (in shares) at Nov. 02, 2019113,204,000
Ending Balance (in treasury shares) at Nov. 02, 2019(8,140,000)(8,139,520)
Beginning Balance at Aug. 03, 2019 $ 825 $ (155)2,226 (384) $ 2,512
Beginning Balance (in shares) at Aug. 03, 2019113,200,000
Beginning Balance (in treasury shares) at Aug. 03, 2019(3,579,000)
Issued under director and stock plans $ 1 1
Issued under director and stock plans (in shares)4,000
Share-based compensation expense $ 6 6
Share repurchases $ (178)(178)
Share repurchases (in shares)(4,561,000)
Net income125 125
Cash dividends declared on common stock ($0.38, and $0.345 per share in 2019 and 2018 respectively)(41)(41)
Translation adjustment, net of tax5 5
Change in cash flow hedges, net of tax(5)(5)
Pension and postretirement adjustments, net of tax2 2
Ending Balance at Nov. 02, 2019 $ 832 $ (333) $ 2,310 $ (382) $ 2,427
Ending Balance (in shares) at Nov. 02, 2019113,204,000
Ending Balance (in treasury shares) at Nov. 02, 2019(8,140,000)(8,139,520)
[1]The balance sheet at February 2, 2019 has been derived from the previously reported audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended February 2, 2019.

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares3 Months Ended
Nov. 02, 2019Nov. 03, 2018
Statement of Stockholders' Equity [Abstract]
Cash dividends declared on common stock, per share $ 0.38 $ 0.345

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions9 Months Ended
Nov. 02, 2019Nov. 03, 2018
From operating activities:
Net income $ 357 $ 383
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization134 133
Non-cash gain(4)
Share-based compensation expense19 16
Qualified pension plan contributions(55)(128)
Change in assets and liabilities:
Merchandise inventories(42)(57)
Accounts payable12 133
Accrued and other liabilities(36)
Pension litigation accrual17
Class counsel fees paid in connection with pension litigation(97)
Other, net12 22
Net cash provided by operating activities397 422
From investing activities:
Capital expenditures(126)(153)
Minority investments(48)(6)
Insurance proceeds related to loss on property and equipment2
Net cash used in investing activities(174)(157)
From financing activities:
Purchase of treasury shares(300)(313)
Dividends paid on common stock(125)(120)
Proceeds from exercise of stock options5 4
Treasury stock reissued under employee stock plan3 2
Shares of common stock repurchased to satisfy tax withholding obligations(2)(1)
Net cash used in financing activities(419)(428)
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash(6)(32)
Net change in cash, cash equivalents, and restricted cash(202)(195)
Cash, cash equivalents, and restricted cash at beginning of year981 1,031
Cash, cash equivalents, and restricted cash at end of period779 836
Cash paid during the year:
Interest5 5
Income taxes $ 163 $ 169

Summary of Significant Accounti

Summary of Significant Accounting Policies9 Months Ended
Nov. 02, 2019
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies1. Summary of Significant Accounting Policies Basis of Presentation The accompanying condensed consolidated financial statements contained in this report are unaudited. In the opinion of management, the condensed consolidated financial statements include all normal, recurring adjustments necessary for a fair presentation of the results for the interim periods presented. As used in these Notes to Condensed Consolidated Financial Statements (Unaudited) the terms “Foot Locker,” “Company,” “we,” “our,” and “us” refer to Foot Locker, Inc. and its consolidated subsidiaries. The preparation of financial statements in accordance with generally accepted accounting principles (“GAAP”) requires us to make estimates and assumptions that affect the amounts reported in the accompanying Condensed Consolidated Financial Statements (Unaudited) and these Notes and related disclosures. Actual results may differ from those estimates. The results of operations for any interim period are not necessarily indicative of the results expected for the year. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Notes to Consolidated Financial Statements contained in Foot Locker, Inc.’s Form 10-K for the year ended February 2, 2019, as filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 2, 2019. Other than the changes to the Leases Summary of Significant Accounting Policies Recent Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). Leases (Topic 842): Targeted improvements, The Company adopted Topic 842 on February 3, 2019 (the “effective date”) using the optional transition method, which applies Topic 842 at the beginning of the period in which it is adopted. Prior period amounts have not been adjusted in connection with the adoption of this standard. The Company elected the package of practical expedients under the new standard, which permits companies to not reassess lease classification, lease identification, or initial direct costs for existing or expired leases prior to the effective date. We have lease agreements with non-lease components that relate to the lease components. The Company elected the practical expedient to account for non-lease components and the lease components to which they relate, as a single lease component for all classes of underlying assets. Also, the Company elected to keep short-term leases with an initial term of twelve months or less off the balance sheet. ​ Upon adoption of this new standard, as of February 3, 2019, the Company recorded right-of-use assets and lease obligations on the Condensed Consolidated Balance Sheet for our operating leases of $3,148 million and $3,422 million, respectively. As part of adopting the standard, previously recognized liabilities for deferred rent and lease incentives were reclassified as a component of the right-of-use assets. Additionally upon adoption, we evaluated right-of-use assets for impairment and determined that approximately $29 million of impairment was required related to newly recognized right-of-use assets that would have been impaired in previous periods. This impairment of the right-of-use asset as of February 3, 2019 was recorded, net of related income tax effects, as a $26 million reduction of beginning retained earnings. The standard did not significantly affect our Condensed Consolidated Statements of Operations, Comprehensive Income, or Cash Flows. Other recently issued accounting pronouncements did not, or are not believed by management to, have a material effect on the Company’s present or future consolidated financial statements.

Revenue

Revenue9 Months Ended
Nov. 02, 2019
Revenue [Abstract]
Revenue2. Revenue Store revenue is recognized at the point of sale and includes merchandise, net of returns, and excludes taxes. Revenue from layaway sales is recognized when the customer receives the product, rather than when the initial deposit is paid. Revenue for merchandise that is shipped to our customers from our distribution centers and stores is recognized upon shipment. Total revenue recognized includes shipping and handling fees. We have determined that control of the promised good is passed to the customer upon shipment, since the customer has legal title, the rewards of ownership, and has paid for the merchandise as of the shipment date. Shipping and handling is accounted for as a fulfillment activity. The Company accrues the cost and recognizes revenue for these activities upon shipment. Sales disaggregated based upon sales channel is presented below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ November 2, ​ November 3, ​ November 2, ​ November 3, ​ 2019 2018 2019 2018 ​ ​ ($ in millions) Sales by Channel ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stores ​ $ 1,636 ​ $ 1,591 ​ $ 4,915 ​ $ 4,876 Direct-to-customers ​ 296 ​ 269 ​ 869 ​ 791 Total sales ​ $ 1,932 ​ $ 1,860 ​ $ 5,784 ​ $ 5,667 ​ Sales disaggregated based upon geographic area is presented in the table below. Sales are attributable to the geographic area in which the sales transaction is fulfilled. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ November 2, ​ November 3, ​ November 2, ​ November 3, ​ 2019 2018 2019 2018 ​ ​ ($ in millions) Sales by Geography ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 1,361 ​ $ 1,297 ​ $ 4,122 ​ $ 4,018 International ​ 571 ​ 563 ​ 1,662 ​ 1,649 Total sales ​ $ 1,932 ​ $ 1,860 ​ $ 5,784 ​ $ 5,667 ​ Contract Liabilities The Company sells gift cards which do not have expiration dates. Revenue from gift card sales is recorded when the gift cards are redeemed by customers. Breakage income is recognized as revenue, in proportion to the pattern of rights exercised by the customer . The table below presents the activity of our gift card liability balance: ​ ​ ​ ​ ​ ​ ($ in millions) Balance at February 3, 2019 $ 35 Redemptions ​ (70) Breakage recognized in sales ​ (4) Activations ​ 66 Foreign currency fluctuations ​ (1) Balance at November 2, 2019 $ 26 ​ The Company elected not to disclose the information about remaining performance obligations since the amount of gift cards redeemed after 12 months is not significant.

Segment Information

Segment Information9 Months Ended
Nov. 02, 2019
Segment Information [Abstract]
Segment Information3. Segment Information The Company has integrated all available shopping channels including stores, websites, apps, social channels, and catalogs. Store sales are primarily fulfilled from the store’s inventory but may also be shipped from any of our distribution centers or from a different store location if an item is not available at the original store. Direct-to-customer orders are primarily shipped to our customers through our distribution centers but may also be shipped from any store or a combination of our distribution centers and stores depending on the availability of particular items. Our operating segments are identified according to how our business activities are managed and evaluated by our chief operating decision maker, our CEO. During 2018, the Company expanded into Asia and launched our digital channels across Singapore, Hong Kong, and Malaysia. During the first quarter of 2019, the Company changed its organizational and internal reporting structure in order to support an accelerated growth strategy for the region. We opened an Asian headquarters in Singapore and realigned our organization into three distinct geographic regions: Europe, Middle East and Africa (“EMEA”), Asia Pacific, and North America. In light of these changes, the Company re-evaluated its operating segments in the first quarter of 2019. The Company has determined that it has three operating segments, North America, EMEA, and Asia Pacific. Our North America operating segment includes the results of the following banners operating in the U.S. and Canada: Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, and Footaction, including each of their related e-commerce businesses, as well as our Eastbay business that includes internet, catalog, and team sales. Our EMEA operating segment includes the results of the following banners operating in Europe: Foot Locker, Runners Point, Sidestep, and Kids Foot Locker, including each of their related e-commerce businesses. Our Asia Pacific operating segment includes the results of Foot Locker and Kids Foot Locker and the related e-commerce businesses operating in Australia, New Zealand, and Asia. We have further aggregated these operating segments into one reportable segment based upon their shared customer base and similar economic characteristics. The Company evaluates performance based on several factors, of which the primary financial measure is the banner’s financial results referred to as division profit. Division profit reflects income before income taxes, litigation and other charges, corporate expense, non-operating income, and net interest income. ​ ​ The following table summarizes our results: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ November 2, ​ November 3, ​ November 2, ​ November 3, ​ 2019 2018 2019 2018 ​ ​ ($ in millions) Sales ​ $ 1,932 ​ $ 1,860 ​ $ 5,784 ​ $ 5,667 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Results ​ ​ ​ ​ ​ Division profit ​ 184 ​ 165 ​ 549 ​ 543 Less: Litigation and other charges (1) ​ 1 ​ 2 ​ 16 ​ 17 Less: Corporate expense (2) ​ 19 ​ 19 ​ 60 ​ 46 Income from operations ​ 164 ​ 144 ​ 473 ​ 480 Interest income, net ​ 3 ​ 2 ​ 9 ​ 5 Other income ​ 4 ​ — ​ 8 ​ 5 Income before income taxes ​ $ 171 ​ $ 146 ​ $ 490 ​ $ 490 ​ (1) The Company recorded pre-tax charges of $1 million and $2 million for the thirteen weeks ended November 2, 2019 and November 3, 2018, respectively, related to a pension litigation matter and related plan reformation. For the thirty-nine weeks ended November 2, 2019, the Company recorded pre-tax charges of $16 million reflecting $3 million of professional fees in connection with the plan reformation and $13 million of lease termination costs related to the closure of certain of its SIX:02 locations. For the thirty-nine weeks ended November 3, 2018, the Company recorded pre-tax charges of $17 million related to the pension matter reflecting adjustments to the value of the judgment and interest that continued to accrue, as required by the provisions of the plan reformation. (2) Corporate expense consists of unallocated selling, general and administrative expenses as well as depreciation and amortization related to the Company’s corporate headquarters, centrally managed departments, unallocated insurance and benefit programs, certain foreign exchange transaction gains and losses, and other items.

Cash, Cash Equivalents, and Res

Cash, Cash Equivalents, and Restricted Cash9 Months Ended
Nov. 02, 2019
Restricted Cash [Abstract]
Cash, Cash Equivalents, and Restricted Cash4. Cash, Cash Equivalents, and Restricted Cash The following table provides a reconciliation of cash and cash equivalents, as reported on our condensed consolidated balance sheets, to cash, cash equivalents, and restricted cash, as reported on our condensed consolidated statements of cash flows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 2, ​ November 3, ​ February 2, ​ 2019 2018 ​ 2019 ​ ​ ($ in millions) Cash and cash equivalents ​ $ 744 ​ $ 748 ​ $ 891 Restricted cash included in other current assets ​ ​ 5 ​ ​ 2 ​ ​ 59 Restricted cash included in other non-current assets ​ ​ 30 ​ ​ 86 ​ ​ 31 Cash, cash equivalents, and restricted cash ​ $ 779 ​ $ 836 ​ $ 981 ​ During 2017, in connection with the pension litigation matter, the Company deposited $150 million in a qualified settlement fund. At November 3, 2018, the amount remaining in the fund was $54 million and was classified as part of non-current assets. At February 2, 2019, the fund was classified as a current asset due to our intention to use it to contribute to the pension plan. During 2018 and in March 2019, the Company used substantially all of the qualified settlement fund to pay class counsel fees and to make a contribution to the pension plan. ​ Other amounts included in restricted cash primarily relate to amounts held in escrow in connection with various leasing arrangements in Europe and deposits held in insurance trusts to satisfy the requirement to collateralize part of the self-insured workers’ compensation and liability claims. The Company has elected to present book overdrafts, representing checks issued but still outstanding in excess of bank balances, as part of accounts payable.

Goodwill

Goodwill9 Months Ended
Nov. 02, 2019
Goodwill and Other Intangible Assets, Net [Abstract]
Goodwill5. Goodwill Annually during the first quarter, or more frequently if impairment indicators arise, the Company reviews goodwill and intangible assets with indefinite lives for impairment. In light of the change in our organizational and internal reporting structure in the first quarter of 2019, we have reassessed our reporting units and have determined that the collective omni-channel banners in North America, EMEA, and Asia Pacific are the three reporting units at which goodwill is reviewed. Accordingly, goodwill was re-allocated between the affected reporting units based on their relative fair values. We conducted the annual impairment review both before and after this change and neither review resulted in the recognition of impairment, as the fair value of each reporting unit exceeded its carrying value.

Other Intangible Assets, Net

Other Intangible Assets, Net9 Months Ended
Nov. 02, 2019
Goodwill and Other Intangible Assets, Net [Abstract]
Other Intangible Assets, Net6. Other Intangible Assets, net The components of finite-lived intangible assets and intangible assets not subject to amortization are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 2, 2019 ​ ​ November 3, 2018 ​ ​ February 2, 2019 ​ ​ Gross ​ Accum. ​ Net ​ Gross ​ Accum. ​ Net ​ Gross ​ Accum. ​ Net ($ in millions) ​ value ​ amort. ​ value ​ value ​ amort. ​ value ​ value ​ amort. ​ value Amortized intangible assets: (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lease acquisition costs ​ $ 117 ​ $ (109) ​ $ 8 ​ $ 121 ​ $ (111) ​ $ 10 ​ $ 120 ​ $ (111) ​ $ 9 Trademarks / trade names ​ ​ 20 ​ ​ (16) ​ ​ 4 ​ ​ 20 ​ ​ (15) ​ ​ 5 ​ ​ 20 ​ ​ (15) ​ ​ 5 Favorable leases ​ ​ - ​ ​ - ​ ​ - ​ ​ 7 ​ ​ (6) ​ ​ 1 ​ ​ 7 ​ ​ (6) ​ ​ 1 ​ ​ $ 137 ​ $ (125) ​ $ 12 ​ $ 148 ​ $ (132) ​ $ 16 ​ $ 147 ​ $ (132) ​ $ 15 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indefinite life intangible assets: (1), (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Runners Point Group trademarks / trade names ​ ​ ​ ​ ​ ​ ​ $ 9 ​ ​ ​ ​ ​ ​ ​ $ 23 ​ ​ ​ ​ ​ ​ ​ $ 9 Other intangible assets, net ​ ​ ​ ​ ​ ​ ​ $ 21 ​ ​ ​ ​ ​ ​ ​ $ 39 ​ ​ ​ ​ ​ ​ ​ $ 24 ​ (1) The change in the ending balances reflects the effect of foreign currency fluctuations due primarily to movements of the euro in relation to the U.S. dollar. (2) During the fourth quarter of 2018, the Company recorded a non-cash impairment charge of $15 million related to these intangibles. ​ The annual review of intangible assets with indefinite lives performed during the first quarter of 2019 did not result in the recognition of impairment. Amortization expense recorded is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ ​ Thirty-nine weeks ended ($ in millions) ​ November 2, 2019 ​ November 3, 2018 ​ ​ November 2, 2019 ​ November 3, 2018 Amortization expense ​ $ 1 ​ $ 1 ​ $ 3 ​ $ 3 ​ Estimated future amortization expense for finite-life intangible assets is as follows: ​ ​ ​ ​ ​ ($ in millions) Remainder of 2019 ​ $ 1 2020 ​ 3 2021 ​ 2 2022 ​ ​ 2 2023 ​ 2 2024 ​ 2 ​

Leases

Leases9 Months Ended
Nov. 02, 2019
Leases [Abstract]
Leases7. Leases The Company is obligated under operating leases for almost all of its store properties. In addition, the Company leases certain warehouse distribution centers. Operating lease periods generally range from 5 to 10 years and generally contain rent escalation provisions. Some of the store leases contain renewal options with varying terms and conditions. The Company’s lease term includes options to extend or terminate a lease only when it is reasonably certain that it will exercise that option. The Company combines lease components (e.g. rental payments) and non-lease components (e.g. common area maintenance costs and utilities). Leases with an initial term of 12 months or less are not recorded on the balance sheet. We recognize lease expense for short-term leases on a straight-line basis over the lease term. Right-of-use assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term for those arrangements where there is an identified asset and the contract conveys the right to control its use. As most of our leases do not provide an implicit interest rate, the Company uses its incremental borrowing rates based on the remaining lease term to determine the present value of future lease payments. The Company's incremental borrowing rate for a lease is the rate of interest it would have to pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms. ​ Amounts recognized in the Condensed Consolidated Balance Sheet related to operating leases as of November 2, 2019 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ($ in millions) Assets ​ ​ ​ ​ ​ ​ Operating lease right-of-use assets ​ ​ ​ ​ $ 2,956 ​ ​ ​ ​ ​ ​ ​ Liabilities ​ ​ ​ ​ ​ ​ Current ​ ​ ​ ​ ​ ​ Operating lease liabilities ​ ​ ​ ​ 508 Noncurrent ​ ​ ​ ​ ​ ​ Operating lease liabilities ​ ​ ​ ​ ​ 2,719 Total lease liabilities ​ ​ ​ ​ $ 3,227 ​ Other information related to operating leases as of November 2, 2019 consisted of the following: ​ ​ ​ ​ ​ Weighted average remaining lease term (years) ​ 7.1 ​ Weighted average discount rate ​ 5.4 % ​ The components of lease cost as of November 2, 2019 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ($ in millions) November 2, 2019 ​ November 2, 2019 Operating lease costs (1) ​ $ 168 ​ $ 499 Variable lease costs (2) ​ ​ 84 ​ ​ 249 Short-term lease costs ​ ​ 5 ​ ​ 19 Sublease income ​ ​ (1) ​ ​ (1) Net lease cost ​ $ 256 ​ $ 766 (1) Primarily relate to retail stores and distribution centers, for which the expenses are classified within cost of sales. Operating lease costs for non-store rents are included in SG&A. (2) Primarily include rent payments based on a percentage of store sales, common area maintenance costs, and taxes. These costs are expensed as incurred and are included within cost of sales. Rent expense for the prior year comparative periods is accounted for under previous lease guidance. Rent expense for operating leases for the thirteen weeks ended November 3, 2018 amounted to $185 million and consisted of minimum and contingent rentals of $182 million and $6 million, respectively, less sublease income of $3 million. For the thirty-nine weeks ended November 3, 2018, rent expense for operating leases amounted to $562 million and consisted of minimum and contingent rentals of $547 million and $19 million, respectively, less sublease income of $4 million. Also, most of the Company’s leases require the payment of certain executory costs such as insurance, maintenance, and other costs in addition to the future minimum lease payments. These costs, including the amortization of lease rights, totaled $37 million and $111 million for the thirteen and thirty-nine weeks ended November 3, 2018, respectively. ​ Supplemental cash flow information related to leases for the thirty-nine weeks ended November 2, 2019 was as follows: ​ ​ ​ ​ ​ ​ ($ in millions) Cash paid for amounts included in measurement of lease liabilities: ​ ​ ​ Operating cash flows used in operating leases ​ $ 506 Right-of-use assets obtained in exchange for lease obligations: ​ ​ ​ Operating leases ​ ​ 211 ​ Maturities of lease liabilities as of November 2, 2019 are as follows: ​ ​ ​ ​ ​ ($ in millions) Remainder of 2019 ​ $ 173 2020 ​ 655 2021 ​ 607 2022 ​ 550 2023 ​ 479 Thereafter ​ 1,479 Total lease payments ​ ​ 3,943 Less: Interest ​ ​ 716 Total lease liabilities ​ $ 3,227 ​ As of November 2, 2019, the Company signed operating leases for retail stores that had not yet commenced; the total future undiscounted lease payments under these leases are $71 million. As of February 2, 2019, the estimated future minimum non-cancellable lease commitments were as follows: ​ ​ ​ ​ ​ ​ ($ in millions) 2019 ​ $ 672 2020 ​ 631 2021 ​ 583 2022 ​ 527 2023 ​ 456 Thereafter ​ 1,408 Total operating lease commitments ​ $ 4,277 ​

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss9 Months Ended
Nov. 02, 2019
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Loss8. Accumulated Other Comprehensive Loss Accumulated other comprehensive loss (“AOCL”), net of tax, is comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 2, ​ November 3, ​ February 2, ​ 2019 2018 2019 ​ ($ in millions) Foreign currency translation adjustments ​ $ (100) ​ $ (90) ​ $ (84) Cash flow hedges ​ (2) ​ 1 ​ ​ — Unrecognized pension cost and postretirement benefit ​ (280) ​ (272) ​ ​ (286) ​ ​ $ (382) ​ $ (361) ​ $ (370) ​ The changes in AOCL for the thirty-nine weeks ended November 2, 2019 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign ​ ​ ​ ​ Items Related ​ ​ ​ ​ ​ Currency ​ ​ ​ ​ to Pension and ​ ​ ​ ​ ​ Translation ​ Cash Flow ​ Postretirement ​ ​ ​ ($ in millions) Adjustments Hedges Benefits Total Balance as of February 2, 2019 ​ $ (84) ​ $ — ​ $ (286) ​ $ (370) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OCI before reclassification ​ (16) ​ ​ (2) ​ ​ — ​ (18) Amortization of pension actuarial (gain)/loss, net of tax ​ — ​ ​ — ​ ​ 6 ​ 6 Other comprehensive income ​ (16) ​ (2) ​ 6 ​ (12) Balance as of November 2, 2019 ​ $ (100) ​ $ (2) ​ $ (280) ​ $ (382) ​ Reclassifications from AOCL for the thirty-nine weeks ended November 2, 2019 were as follows: ​ ​ ​ ​ ​ ($ in millions) Amortization of actuarial (gain) loss: ​ Pension benefits- amortization of actuarial loss ​ $ 9 Postretirement benefits- amortization of actuarial gain ​ (1) Net periodic benefit cost (see Note 11) ​ 8 Income tax benefit ​ (2) Total, net of tax ​ $ 6 ​

Fair Value Measurements

Fair Value Measurements9 Months Ended
Nov. 02, 2019
Fair Value Measurements [Abstract]
Fair Value Measurements9. Fair Value Measurements The Company’s financial assets are recorded at fair value, using a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. The three levels of inputs used to measure fair value are categorized as follows: Level 1 – Quoted prices for identical instruments in active markets. Level 2 – Observable inputs other than quoted prices included within Level 1, including quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs or significant value-drivers are observable in active markets. Level 3 – Model-derived valuations in which one or more significant inputs or significant value-drivers are unobservable. The fair values of the Company’s equity investments are determined by using quoted prices for identical or similar instruments in markets that are not active and therefore are classified as Level 2. The fair value of the auction rate security, classified as available-for-sale, is determined by using quoted prices for similar instruments in active markets and accordingly is classified as a Level 2 instrument. The Company’s derivative financial instruments are valued using market-based inputs to valuation models. These valuation models require a variety of inputs, including contractual terms, market prices, yield curves, and measures of volatility and therefore are classified as Level 2 instruments. The following table provides a summary of the Company’s recognized assets and liabilities that are measured at fair value on a recurring basis: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 2, 2019 ​ November 3, 2018 ​ February 2, 2019 ​ ​ ($ in millions) ​ Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity investments ​ $ — ​ $ 136 ​ $ — ​ $ — ​ $ 21 ​ $ — ​ $ — ​ $ 94 ​ $ — Available-for-sale security ​ ​ — ​ ​ 6 ​ ​ — ​ ​ — ​ ​ 6 ​ ​ — ​ ​ — ​ ​ 6 ​ ​ — Foreign exchange forward contracts ​ — ​ — ​ — ​ — ​ 1 ​ — ​ — ​ — ​ — Total Assets ​ $ — ​ $ 142 ​ $ — ​ $ — ​ $ 28 ​ $ — ​ $ — ​ $ 100 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign exchange forward contracts ​ — ​ 2 ​ ​ — ​ — ​ — ​ — ​ — ​ 1 ​ — Total Liabilities ​ $ — ​ $ 2 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1 ​ $ — ​ There were no transfers into or out of Level 1, Level 2, or Level 3 assets and liabilities for any of the periods presented. The fair value of long-term debt is determined by using model-derived valuations in which all significant inputs or significant value drivers are observable in active markets and therefore are classified as Level 2. The carrying value and estimated fair value of long-term debt were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 2, ​ November 3, ​ February 2, ​ 2019 2018 2019 ​ ($ in millions) Carrying value ​ $ 122 ​ $ 124 ​ $ 124 Fair value ​ $ 135 ​ $ 138 ​ $ 136 ​ The carrying values of cash and cash equivalents, and other current receivables and payables approximate their fair value.

Earnings Per Share

Earnings Per Share9 Months Ended
Nov. 02, 2019
Earnings Per Share [Abstract]
Earnings Per Share10. Earnings Per Share The Company accounts for and discloses earnings per share using the treasury stock method. Basic earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding at the end of the period. Restricted stock awards, which contain non-forfeitable rights to dividends, are considered participating securities and are included in the calculation of basic earnings per share. Diluted earnings per share reflects the weighted-average number of common shares outstanding during the period used in the basic earnings per share computation plus dilutive common stock equivalents. The computation of basic and diluted earnings per share is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ November 2, ​ November 3, ​ November 2, ​ November 3, ​ 2019 2018 2019 2018 ​ ​ (in millions, except per share data) Net Income ​ $ 125 ​ $ 130 ​ $ 357 ​ $ 383 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average common shares outstanding ​ 106.9 ​ 114.5 ​ 110.0 ​ 116.6 Dilutive effect of potential common shares ​ 0.3 ​ 0.5 ​ 0.5 ​ 0.5 Weighted-average common shares outstanding assuming dilution ​ 107.2 ​ 115.0 ​ 110.5 ​ 117.1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per share - basic ​ $ 1.16 ​ $ 1.14 ​ $ 3.24 ​ $ 3.29 Earnings per share - diluted ​ $ 1.16 ​ $ 1.14 ​ $ 3.23 ​ $ 3.28 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Anti-dilutive share-based awards excluded from diluted calculation ​ 2.4 ​ 2.0 ​ 2.2 ​ 1.9 ​ Restricted stock units related to the Company’s long-term incentive program of 0.7 million and 1.1 million have been excluded from diluted weighted-average shares for the periods ended November 2, 2019 and November 3, 2018, respectively. The issuance of these shares are contingent on the Company’s performance metrics as compared to the pre-established performance goals, which have not been achieved.

Pension and Postretirement Plan

Pension and Postretirement Plans9 Months Ended
Nov. 02, 2019
Pension and Postretirement Plans [Abstract]
Pension and Postretirement Plans11. Pension and Postretirement Plans The Company has defined benefit pension plans covering certain of its North American employees, which are funded in accordance with the provisions of the laws where the plans are in effect. The Company also has a defined benefit pension plan covering certain employees of the Runners Point Group. In addition to providing pension benefits, the Company sponsors postretirement medical and life insurance plans, which are available to most of its retired U.S. employees. These medical and life insurance plans are contributory and are not funded. The components of net periodic pension benefit cost and net periodic postretirement benefit income are included in the table below. Service cost is recognized as part of SG&A, while the remaining pension and postretirement expense components are recognized as part of other income. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pension Benefits ​ Postretirement Benefits ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ Thirteen weeks ended Thirty-nine weeks ended ​ ​ ​ Nov. 2 ​ ​ Nov. 3 ​ ​ Nov. 2 ​ ​ Nov. 3 ​ ​ Nov. 2 ​ ​ Nov. 3 ​ ​ Nov. 2 ​ ​ Nov. 3 ​ ​ ​ 2019 ​ ​ 2018 ​ ​ 2019 ​ ​ 2018 ​ ​ 2019 ​ ​ 2018 ​ ​ 2019 ​ ​ 2018 ​ ​ ($ in millions) Service cost ​ $ 5 ​ $ 5 ​ $ 15 ​ $ 14 ​ $ — ​ $ — ​ $ — ​ $ — Interest cost ​ ​ 7 ​ 8 ​ ​ 20 ​ ​ 21 ​ ​ — ​ ​ — ​ ​ — ​ ​ — Expected return on plan assets ​ ​ (9) ​ (10) ​ ​ (27) ​ ​ (29) ​ ​ — ​ ​ — ​ ​ — ​ ​ — Amortization of net loss (gain) ​ ​ 3 ​ 3 ​ ​ 9 ​ ​ 9 ​ ​ — ​ ​ — ​ ​ (1) ​ ​ (1) Net benefit expense (income) ​ $ 6 ​ $ 6 ​ $ 17 ​ $ 15 ​ $ — ​ $ — ​ $ (1) ​ $ (1) ​ In March 2019, the Company contributed $55 million to its U.S. qualified pension plan. The Company continually evaluates the amount and timing of any future contributions. In May 2019, the U.S. qualified pension plan was amended such that all employees who are not participants in the plan as of December 31, 2019, shall not become participants after such date. All benefit accruals will be frozen as of December 31, 2019 for all plan participants with less than eleven years of service as of December 31, 2019. For participants with more than eleven years of service, benefit accruals will be frozen as of December 31, 2022. Participants will continue to accrue interest in accordance with the plan’s provisions.

Share-Based Compensation

Share-Based Compensation9 Months Ended
Nov. 02, 2019
Share-Based Compensation [Abstract]
Share-Based Compensation12. Share-Based Compensation Total compensation expense included in SG&A, and the associated tax benefits recognized related to the Company’s share-based compensation plans, were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ November 2, ​ November 3, ​ November 2, ​ November 3, ​ 2019 2018 2019 2018 ​ ​ ​ ($ in millions) Options and shares purchased under the employee stock purchase plan ​ $ 1 ​ $ 2 ​ $ 5 ​ $ 5 Restricted stock and restricted stock units ​ 5 ​ 5 ​ 14 ​ 11 Total share-based compensation expense ​ $ 6 ​ $ 7 ​ $ 19 ​ $ 16 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tax benefit recognized ​ $ 1 ​ $ 1 ​ $ 2 ​ $ 2 ​ Valuation Model and Assumptions The Company uses the Black-Scholes option-pricing model to estimate the fair value of share-based awards. The Black-Scholes option-pricing model incorporates various and subjective assumptions, including expected term and expected volatility. The following table shows the Company’s assumptions used to compute share-based compensation expense for awards granted during the thirty-nine weeks ended November 2, 2019 and November 3, 2018: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock Option Plans ​ ​ Stock Purchase Plan ​ ​ ​ November 2, ​ November 3, ​ November 2, ​ November 3, ​ ​ 2019 2018 2019 2018 Weighted-average risk free rate of interest ​ 2.2 % ​ 2.7 % ​ 2.3 % ​ 1.8 % Expected volatility ​ 38 % ​ 37 % ​ 55 % ​ 47 % Weighted-average expected award life (in years) ​ 5.5 ​ 5.5 ​ 1.0 ​ 1.0 Dividend yield ​ 2.6 % ​ 3.1 % ​ 3.0 % ​ 2.4 % Weighted-average fair value ​ $ 17.07 ​ $ 12.42 ​ $ 18.12 ​ $ 15.16 ​ ​ The information in the following table covers option activity under the Company’s stock option plans for the thirty-nine weeks ended November 2, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- Weighted- ​ Number ​ Average ​ Average ​ of ​ Remaining ​ Exercise ​ Shares ​ Contractual Life ​ Price ​ (in thousands) ​ (in years) ​ (per share) Options outstanding at the beginning of the year 2,861 ​ ​ ​ $ 52.34 Granted 321 ​ ​ ​ 58.65 Exercised (168) ​ ​ ​ 27.12 Expired or cancelled (101) ​ ​ ​ 60.80 Options outstanding at November 2, 2019 2,913 ​ 6.0 ​ $ 54.19 Options exercisable at November 2, 2019 2,168 ​ 5.1 ​ $ 53.66 Options available for future grant at November 2, 2019 ​ 7,392 ​ ​ ​ ​ ​ ​ ​ The total fair value of options vested during the thirty-nine weeks ended November 2, 2019 and November 3, 2018 was $6 million and $8 million, respectively. The cash received from option exercises was not significant for the thirteen weeks ended November 2, 2019 and $5 million for the thirty-nine weeks ended November 2, 2019. The total tax benefit realized from option exercises was not significant for the thirteen weeks ended November 2, 2019 and $1 million for the thirty-nine weeks ended November 2, 2019. The total intrinsic value of options exercised (the difference between the market price of the Company’s common stock on the exercise date and the price paid by the optionee to exercise the option) is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ November 2, ​ November 3, ​ November 2, ​ November 3, ​ ​ 2019 ​ 2018 ​ 2019 ​ 2018 ​ ​ ​ ($ in millions) Exercised ​ $ — ​ $ — ​ $ 5 ​ $ 3 ​ The aggregate intrinsic value for stock options outstanding, and outstanding and exercisable (the difference between the Company’s closing stock price on the last trading day of the period and the exercise price of the options, multiplied by the number of in-the-money stock options) is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirty-nine weeks ended ​ ​ November 2, 2019 ​ November 3, 2018 ​ ​ ($ in millions) Outstanding ​ $ 8 ​ $ 17 Outstanding and exercisable ​ $ 7 ​ $ 15 ​ As of November 2, 2019 there was $5 million of total unrecognized compensation cost related to nonvested stock options, which is expected to be recognized over a remaining weighted-average period of 1.4 years. The following table summarizes information about stock options outstanding and exercisable at November 2, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Outstanding Options Exercisable ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ Weighted- ​ ​ ​ Weighted- ​ ​ ​ ​ Remaining ​ Average ​ ​ ​ Average Range of Exercise ​ Number ​ Contractual ​ Exercise ​ Number ​ Exercise Prices Outstanding Life Price Exercisable Price ​ (in thousands, except prices per share and contractual life) $9.85 to $18.84 128 1.3 ​ $ 18.54 128 ​ $ 18.54 $24.75 to $36.51 378 3.4 ​ 32.13 335 ​ 31.77 $44.78 to $45.75 577 6.6 ​ 44.91 349 ​ 44.99 $46.64 to $62.11 942 6.6 ​ 59.98 616 ​ 60.82 $63.33 to $73.21 ​ 888 ​ 6.7 ​ ​ 68.58 ​ 740 ​ ​ 67.75 ​ 2,913 6.0 ​ $ 54.19 2,168 ​ $ 53.66 ​ Restricted Stock Units Restricted stock units (“RSU”) of the Company’s common stock may be awarded to certain officers and key employees of the Company. Additionally, RSU awards are made to employees in connection with the Company’s long-term incentive program, and to nonemployee directors. Each RSU award represents the right to receive one share of the Company’s common stock provided that the performance and vesting conditions are satisfied. Generally, awards fully vest after the passage of time, typically three years. However, RSU awards made in connection with the Company’s performance-based long-term incentive program are earned after the attainment of certain performance metrics and, with regards to certain awards, vest after an additional one-year period. No dividends are paid or accumulated on any RSU awards. Compensation expense is recognized using the market value at the date of grant and is amortized over the vesting period, provided the recipient continues to be employed by the Company. RSU activity for the thirty-nine weeks ended November 2, 2019 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-Average ​ ​ ​ ​ Number Remaining Weighted-Average ​ ​ of Contractual Grant Date ​ ​ Shares Life Fair Value ​ ​ (in thousands) ​ (in years) ​ (per share) Nonvested at beginning of year ​ 1,022 ​ ​ ​ $ 47.47 Granted (1) ​ 306 ​ ​ ​ 58.48 Vested ​ (88) ​ ​ ​ 60.40 Performance adjustment (2) ​ ​ (27) ​ ​ ​ ​ ​ ​ Expired or cancelled ​ (23) ​ ​ ​ 53.15 Nonvested at November 2, 2019 ​ 1,190 ​ 1.5 ​ $ 49.18 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Aggregate value ($ in millions) ​ $ 59 ​ ​ ​ ​ (1) Included in the units granted are approximately 0.2 million performance-based RSUs. The number of performance-based RSUs that are ultimately earned may vary from 0% to 200% of target depending on the achievement relative to the Company’s predefined financial performance targets. (2) This represents adjustments made to performance-based RSU awards and reflect changes in estimates based upon the Company’s current performance against predefined financial targets. The total value of awards that vested during the thirty-nine weeks ended November 2, 2019 and November 3, 2018 was $5 million and $7 million, respectively. As of November 2, 2019, there was $30 million of total unrecognized compensation cost related to nonvested awards.

Legal Proceedings

Legal Proceedings9 Months Ended
Nov. 02, 2019
Legal Proceedings [Abstract]
Legal Proceedings13. Legal Proceedings Legal proceedings pending against the Company or its consolidated subsidiaries consist of ordinary, routine litigation, including administrative proceedings, incidental to the business of the Company or businesses that have been sold or discontinued by the Company in past years. These legal proceedings include commercial, intellectual property, customer, environmental, and employment-related claims. There is a recently filed purported class action against the Company alleging violation of the Americans with Disabilities Act for failing to sell gift cards that contain writing in braille. Additionally, the Company and certain officers of the Company were defendants in a purported securities law class action in New York. During the third quarter of 2019, the Court granted the Company’s motion to dismiss the class action and the plaintiffs’ time to appeal has expired. The directors and certain officers of the Company were defendants in related derivative actions filed in federal court. The Court ordered the dismissal of plaintiffs’ complaints following the parties’ submission of a joint stipulation to dismiss. The directors and certain officers of the Company were also defendants in a related derivative action filed in state court. The parties submitted a joint stipulation to dismiss and are awaiting the Court’s approval. Management does not believe that the outcome of any such legal proceedings pending against the Company or its consolidated subsidiaries, as described above, would have a material adverse effect on the Company’s consolidated financial position, liquidity, or results of operations, taken as a whole, based upon current knowledge and taking into consideration current accruals. Litigation is inherently unpredictable. Judgments could be rendered or settlements made that could adversely affect the Company’s operating results or cash flows in a particular period.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policy)9 Months Ended
Nov. 02, 2019
Summary of Significant Accounting Policies [Abstract]
Basis of PresentationBasis of Presentation The accompanying condensed consolidated financial statements contained in this report are unaudited. In the opinion of management, the condensed consolidated financial statements include all normal, recurring adjustments necessary for a fair presentation of the results for the interim periods presented. As used in these Notes to Condensed Consolidated Financial Statements (Unaudited) the terms “Foot Locker,” “Company,” “we,” “our,” and “us” refer to Foot Locker, Inc. and its consolidated subsidiaries. The preparation of financial statements in accordance with generally accepted accounting principles (“GAAP”) requires us to make estimates and assumptions that affect the amounts reported in the accompanying Condensed Consolidated Financial Statements (Unaudited) and these Notes and related disclosures. Actual results may differ from those estimates. The results of operations for any interim period are not necessarily indicative of the results expected for the year. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Notes to Consolidated Financial Statements contained in Foot Locker, Inc.’s Form 10-K for the year ended February 2, 2019, as filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 2, 2019. Other than the changes to the Leases Summary of Significant Accounting Policies
Recent Accounting PronouncementsRecent Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). Leases (Topic 842): Targeted improvements, The Company adopted Topic 842 on February 3, 2019 (the “effective date”) using the optional transition method, which applies Topic 842 at the beginning of the period in which it is adopted. Prior period amounts have not been adjusted in connection with the adoption of this standard. The Company elected the package of practical expedients under the new standard, which permits companies to not reassess lease classification, lease identification, or initial direct costs for existing or expired leases prior to the effective date. We have lease agreements with non-lease components that relate to the lease components. The Company elected the practical expedient to account for non-lease components and the lease components to which they relate, as a single lease component for all classes of underlying assets. Also, the Company elected to keep short-term leases with an initial term of twelve months or less off the balance sheet. ​ Upon adoption of this new standard, as of February 3, 2019, the Company recorded right-of-use assets and lease obligations on the Condensed Consolidated Balance Sheet for our operating leases of $3,148 million and $3,422 million, respectively. As part of adopting the standard, previously recognized liabilities for deferred rent and lease incentives were reclassified as a component of the right-of-use assets. Additionally upon adoption, we evaluated right-of-use assets for impairment and determined that approximately $29 million of impairment was required related to newly recognized right-of-use assets that would have been impaired in previous periods. This impairment of the right-of-use asset as of February 3, 2019 was recorded, net of related income tax effects, as a $26 million reduction of beginning retained earnings. The standard did not significantly affect our Condensed Consolidated Statements of Operations, Comprehensive Income, or Cash Flows. Other recently issued accounting pronouncements did not, or are not believed by management to, have a material effect on the Company’s present or future consolidated financial statements.

Revenue (Tables)

Revenue (Tables)9 Months Ended
Nov. 02, 2019
Revenue [Abstract]
Disaggregation of Revenue​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ November 2, ​ November 3, ​ November 2, ​ November 3, ​ 2019 2018 2019 2018 ​ ​ ($ in millions) Sales by Channel ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stores ​ $ 1,636 ​ $ 1,591 ​ $ 4,915 ​ $ 4,876 Direct-to-customers ​ 296 ​ 269 ​ 869 ​ 791 Total sales ​ $ 1,932 ​ $ 1,860 ​ $ 5,784 ​ $ 5,667
Revenue from External Customers by Geographic AreasSales disaggregated based upon geographic area is presented in the table below. Sales are attributable to the geographic area in which the sales transaction is fulfilled. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ November 2, ​ November 3, ​ November 2, ​ November 3, ​ 2019 2018 2019 2018 ​ ​ ($ in millions) Sales by Geography ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 1,361 ​ $ 1,297 ​ $ 4,122 ​ $ 4,018 International ​ 571 ​ 563 ​ 1,662 ​ 1,649 Total sales ​ $ 1,932 ​ $ 1,860 ​ $ 5,784 ​ $ 5,667
Activity of Gift Card Liability Balance​ ​ ​ ​ ​ ​ ($ in millions) Balance at February 3, 2019 $ 35 Redemptions ​ (70) Breakage recognized in sales ​ (4) Activations ​ 66 Foreign currency fluctuations ​ (1) Balance at November 2, 2019 $ 26

Segment Information (Tables)

Segment Information (Tables)9 Months Ended
Nov. 02, 2019
Segment Information [Abstract]
Sales and Division Operating Results for Reportable Segments​ ​ The following table summarizes our results: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ November 2, ​ November 3, ​ November 2, ​ November 3, ​ 2019 2018 2019 2018 ​ ​ ($ in millions) Sales ​ $ 1,932 ​ $ 1,860 ​ $ 5,784 ​ $ 5,667 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Results ​ ​ ​ ​ ​ Division profit ​ 184 ​ 165 ​ 549 ​ 543 Less: Litigation and other charges (1) ​ 1 ​ 2 ​ 16 ​ 17 Less: Corporate expense (2) ​ 19 ​ 19 ​ 60 ​ 46 Income from operations ​ 164 ​ 144 ​ 473 ​ 480 Interest income, net ​ 3 ​ 2 ​ 9 ​ 5 Other income ​ 4 ​ — ​ 8 ​ 5 Income before income taxes ​ $ 171 ​ $ 146 ​ $ 490 ​ $ 490 ​ (1) The Company recorded pre-tax charges of $1 million and $2 million for the thirteen weeks ended November 2, 2019 and November 3, 2018, respectively, related to a pension litigation matter and related plan reformation. For the thirty-nine weeks ended November 2, 2019, the Company recorded pre-tax charges of $16 million reflecting $3 million of professional fees in connection with the plan reformation and $13 million of lease termination costs related to the closure of certain of its SIX:02 locations. For the thirty-nine weeks ended November 3, 2018, the Company recorded pre-tax charges of $17 million related to the pension matter reflecting adjustments to the value of the judgment and interest that continued to accrue, as required by the provisions of the plan reformation. (2) Corporate expense consists of unallocated selling, general and administrative expenses as well as depreciation and amortization related to the Company’s corporate headquarters, centrally managed departments, unallocated insurance and benefit programs, certain foreign exchange transaction gains and losses, and other items.

Cash, Cash Equivalents, and R_2

Cash, Cash Equivalents, and Restricted Cash (Tables)9 Months Ended
Nov. 02, 2019
Restricted Cash [Abstract]
Reconciliation of Cash and Cash EquivalentsThe following table provides a reconciliation of cash and cash equivalents, as reported on our condensed consolidated balance sheets, to cash, cash equivalents, and restricted cash, as reported on our condensed consolidated statements of cash flows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 2, ​ November 3, ​ February 2, ​ 2019 2018 ​ 2019 ​ ​ ($ in millions) Cash and cash equivalents ​ $ 744 ​ $ 748 ​ $ 891 Restricted cash included in other current assets ​ ​ 5 ​ ​ 2 ​ ​ 59 Restricted cash included in other non-current assets ​ ​ 30 ​ ​ 86 ​ ​ 31 Cash, cash equivalents, and restricted cash ​ $ 779 ​ $ 836 ​ $ 981

Other Intangible Assets, Net (T

Other Intangible Assets, Net (Tables)9 Months Ended
Nov. 02, 2019
Goodwill and Other Intangible Assets, Net [Abstract]
Components of Finite-Lived Intangible Assets and Intangible Assets Not Subject to AmortizationThe components of finite-lived intangible assets and intangible assets not subject to amortization are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 2, 2019 ​ ​ November 3, 2018 ​ ​ February 2, 2019 ​ ​ Gross ​ Accum. ​ Net ​ Gross ​ Accum. ​ Net ​ Gross ​ Accum. ​ Net ($ in millions) ​ value ​ amort. ​ value ​ value ​ amort. ​ value ​ value ​ amort. ​ value Amortized intangible assets: (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lease acquisition costs ​ $ 117 ​ $ (109) ​ $ 8 ​ $ 121 ​ $ (111) ​ $ 10 ​ $ 120 ​ $ (111) ​ $ 9 Trademarks / trade names ​ ​ 20 ​ ​ (16) ​ ​ 4 ​ ​ 20 ​ ​ (15) ​ ​ 5 ​ ​ 20 ​ ​ (15) ​ ​ 5 Favorable leases ​ ​ - ​ ​ - ​ ​ - ​ ​ 7 ​ ​ (6) ​ ​ 1 ​ ​ 7 ​ ​ (6) ​ ​ 1 ​ ​ $ 137 ​ $ (125) ​ $ 12 ​ $ 148 ​ $ (132) ​ $ 16 ​ $ 147 ​ $ (132) ​ $ 15 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indefinite life intangible assets: (1), (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Runners Point Group trademarks / trade names ​ ​ ​ ​ ​ ​ ​ $ 9 ​ ​ ​ ​ ​ ​ ​ $ 23 ​ ​ ​ ​ ​ ​ ​ $ 9 Other intangible assets, net ​ ​ ​ ​ ​ ​ ​ $ 21 ​ ​ ​ ​ ​ ​ ​ $ 39 ​ ​ ​ ​ ​ ​ ​ $ 24 ​ (1) The change in the ending balances reflects the effect of foreign currency fluctuations due primarily to movements of the euro in relation to the U.S. dollar. (2) During the fourth quarter of 2018, the Company recorded a non-cash impairment charge of $15 million related to these intangibles. ​
Amortization ExpenseAmortization expense recorded is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ ​ Thirty-nine weeks ended ($ in millions) ​ November 2, 2019 ​ November 3, 2018 ​ ​ November 2, 2019 ​ November 3, 2018 Amortization expense ​ $ 1 ​ $ 1 ​ $ 3 ​ $ 3
Estimated Future Expected Amortization Expense for Finite Life Intangible AssetsEstimated future amortization expense for finite-life intangible assets is as follows: ​ ​ ​ ​ ​ ($ in millions) Remainder of 2019 ​ $ 1 2020 ​ 3 2021 ​ 2 2022 ​ ​ 2 2023 ​ 2 2024 ​ 2

Leases (Tables)

Leases (Tables)9 Months Ended
Nov. 02, 2019
Leases [Abstract]
Summary of amounts recognized in Condensed Consolidated Balance Sheet related to operating leases​ Amounts recognized in the Condensed Consolidated Balance Sheet related to operating leases as of November 2, 2019 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ($ in millions) Assets ​ ​ ​ ​ ​ ​ Operating lease right-of-use assets ​ ​ ​ ​ $ 2,956 ​ ​ ​ ​ ​ ​ ​ Liabilities ​ ​ ​ ​ ​ ​ Current ​ ​ ​ ​ ​ ​ Operating lease liabilities ​ ​ ​ ​ 508 Noncurrent ​ ​ ​ ​ ​ ​ Operating lease liabilities ​ ​ ​ ​ ​ 2,719 Total lease liabilities ​ ​ ​ ​ $ 3,227
Summary of components of lease costThe components of lease cost as of November 2, 2019 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ($ in millions) November 2, 2019 ​ November 2, 2019 Operating lease costs (1) ​ $ 168 ​ $ 499 Variable lease costs (2) ​ ​ 84 ​ ​ 249 Short-term lease costs ​ ​ 5 ​ ​ 19 Sublease income ​ ​ (1) ​ ​ (1) Net lease cost ​ $ 256 ​ $ 766 (1) Primarily relate to retail stores and distribution centers, for which the expenses are classified within cost of sales. Operating lease costs for non-store rents are included in SG&A. (2) Primarily include rent payments based on a percentage of store sales, common area maintenance costs, and taxes. These costs are expensed as incurred and are included within cost of sales.
Summary of other information related to operating leases​ ​ ​ ​ ​ Weighted average remaining lease term (years) ​ 7.1 ​ Weighted average discount rate ​ 5.4 %
Summary of supplemental cash flow information related to leases​ Supplemental cash flow information related to leases for the thirty-nine weeks ended November 2, 2019 was as follows: ​ ​ ​ ​ ​ ​ ($ in millions) Cash paid for amounts included in measurement of lease liabilities: ​ ​ ​ Operating cash flows used in operating leases ​ $ 506 Right-of-use assets obtained in exchange for lease obligations: ​ ​ ​ Operating leases ​ ​ 211
Summary of maturities of lease liabilitiesMaturities of lease liabilities as of November 2, 2019 are as follows: ​ ​ ​ ​ ​ ($ in millions) Remainder of 2019 ​ $ 173 2020 ​ 655 2021 ​ 607 2022 ​ 550 2023 ​ 479 Thereafter ​ 1,479 Total lease payments ​ ​ 3,943 Less: Interest ​ ​ 716 Total lease liabilities ​ $ 3,227
Summary of estimated future minimum non-cancellable lease commitments​ ​ ​ ​ ​ ​ ($ in millions) 2019 ​ $ 672 2020 ​ 631 2021 ​ 583 2022 ​ 527 2023 ​ 456 Thereafter ​ 1,408 Total operating lease commitments ​ $ 4,277

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)9 Months Ended
Nov. 02, 2019
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive LossAccumulated other comprehensive loss (“AOCL”), net of tax, is comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 2, ​ November 3, ​ February 2, ​ 2019 2018 2019 ​ ($ in millions) Foreign currency translation adjustments ​ $ (100) ​ $ (90) ​ $ (84) Cash flow hedges ​ (2) ​ 1 ​ ​ — Unrecognized pension cost and postretirement benefit ​ (280) ​ (272) ​ ​ (286) ​ ​ $ (382) ​ $ (361) ​ $ (370)
Changes in Accumulated Other Comprehensive LossThe changes in AOCL for the thirty-nine weeks ended November 2, 2019 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign ​ ​ ​ ​ Items Related ​ ​ ​ ​ ​ Currency ​ ​ ​ ​ to Pension and ​ ​ ​ ​ ​ Translation ​ Cash Flow ​ Postretirement ​ ​ ​ ($ in millions) Adjustments Hedges Benefits Total Balance as of February 2, 2019 ​ $ (84) ​ $ — ​ $ (286) ​ $ (370) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OCI before reclassification ​ (16) ​ ​ (2) ​ ​ — ​ (18) Amortization of pension actuarial (gain)/loss, net of tax ​ — ​ ​ — ​ ​ 6 ​ 6 Other comprehensive income ​ (16) ​ (2) ​ 6 ​ (12) Balance as of November 2, 2019 ​ $ (100) ​ $ (2) ​ $ (280) ​ $ (382)
Reclassification from Accumulated Other Comprehensive LossReclassifications from AOCL for the thirty-nine weeks ended November 2, 2019 were as follows: ​ ​ ​ ​ ​ ($ in millions) Amortization of actuarial (gain) loss: ​ Pension benefits- amortization of actuarial loss ​ $ 9 Postretirement benefits- amortization of actuarial gain ​ (1) Net periodic benefit cost (see Note 11) ​ 8 Income tax benefit ​ (2) Total, net of tax ​ $ 6

Fair Value Measurements (Tables

Fair Value Measurements (Tables)9 Months Ended
Nov. 02, 2019
Fair Value Measurements [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring BasisThe following table provides a summary of the Company’s recognized assets and liabilities that are measured at fair value on a recurring basis: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 2, 2019 ​ November 3, 2018 ​ February 2, 2019 ​ ​ ($ in millions) ​ Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity investments ​ $ — ​ $ 136 ​ $ — ​ $ — ​ $ 21 ​ $ — ​ $ — ​ $ 94 ​ $ — Available-for-sale security ​ ​ — ​ ​ 6 ​ ​ — ​ ​ — ​ ​ 6 ​ ​ — ​ ​ — ​ ​ 6 ​ ​ — Foreign exchange forward contracts ​ — ​ — ​ — ​ — ​ 1 ​ — ​ — ​ — ​ — Total Assets ​ $ — ​ $ 142 ​ $ — ​ $ — ​ $ 28 ​ $ — ​ $ — ​ $ 100 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign exchange forward contracts ​ — ​ 2 ​ ​ — ​ — ​ — ​ — ​ — ​ 1 ​ — Total Liabilities ​ $ — ​ $ 2 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1 ​ $ —
Carrying Value and Estimated Fair Value of Long-Term Debt​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 2, ​ November 3, ​ February 2, ​ 2019 2018 2019 ​ ($ in millions) Carrying value ​ $ 122 ​ $ 124 ​ $ 124 Fair value ​ $ 135 ​ $ 138 ​ $ 136

Earnings Per Share (Tables)

Earnings Per Share (Tables)9 Months Ended
Nov. 02, 2019
Earnings Per Share [Abstract]
Basic and Diluted Weighted-Average Number of Common Shares OutstandingThe computation of basic and diluted earnings per share is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ November 2, ​ November 3, ​ November 2, ​ November 3, ​ 2019 2018 2019 2018 ​ ​ (in millions, except per share data) Net Income ​ $ 125 ​ $ 130 ​ $ 357 ​ $ 383 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average common shares outstanding ​ 106.9 ​ 114.5 ​ 110.0 ​ 116.6 Dilutive effect of potential common shares ​ 0.3 ​ 0.5 ​ 0.5 ​ 0.5 Weighted-average common shares outstanding assuming dilution ​ 107.2 ​ 115.0 ​ 110.5 ​ 117.1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per share - basic ​ $ 1.16 ​ $ 1.14 ​ $ 3.24 ​ $ 3.29 Earnings per share - diluted ​ $ 1.16 ​ $ 1.14 ​ $ 3.23 ​ $ 3.28 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Anti-dilutive share-based awards excluded from diluted calculation ​ 2.4 ​ 2.0 ​ 2.2 ​ 1.9

Pension and Postretirement Pl_2

Pension and Postretirement Plans (Tables)9 Months Ended
Nov. 02, 2019
Pension and Postretirement Plans [Abstract]
Net Benefit Expense (Income)​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pension Benefits ​ Postretirement Benefits ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ Thirteen weeks ended Thirty-nine weeks ended ​ ​ ​ Nov. 2 ​ ​ Nov. 3 ​ ​ Nov. 2 ​ ​ Nov. 3 ​ ​ Nov. 2 ​ ​ Nov. 3 ​ ​ Nov. 2 ​ ​ Nov. 3 ​ ​ ​ 2019 ​ ​ 2018 ​ ​ 2019 ​ ​ 2018 ​ ​ 2019 ​ ​ 2018 ​ ​ 2019 ​ ​ 2018 ​ ​ ($ in millions) Service cost ​ $ 5 ​ $ 5 ​ $ 15 ​ $ 14 ​ $ — ​ $ — ​ $ — ​ $ — Interest cost ​ ​ 7 ​ 8 ​ ​ 20 ​ ​ 21 ​ ​ — ​ ​ — ​ ​ — ​ ​ — Expected return on plan assets ​ ​ (9) ​ (10) ​ ​ (27) ​ ​ (29) ​ ​ — ​ ​ — ​ ​ — ​ ​ — Amortization of net loss (gain) ​ ​ 3 ​ 3 ​ ​ 9 ​ ​ 9 ​ ​ — ​ ​ — ​ ​ (1) ​ ​ (1) Net benefit expense (income) ​ $ 6 ​ $ 6 ​ $ 17 ​ $ 15 ​ $ — ​ $ — ​ $ (1) ​ $ (1)

Share-Based Compensation (Table

Share-Based Compensation (Tables)9 Months Ended
Nov. 02, 2019
Share-Based Compensation [Abstract]
Total Compensation Expense and the Related Tax Benefits RecognizedTotal compensation expense included in SG&A, and the associated tax benefits recognized related to the Company’s share-based compensation plans, were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ November 2, ​ November 3, ​ November 2, ​ November 3, ​ 2019 2018 2019 2018 ​ ​ ​ ($ in millions) Options and shares purchased under the employee stock purchase plan ​ $ 1 ​ $ 2 ​ $ 5 ​ $ 5 Restricted stock and restricted stock units ​ 5 ​ 5 ​ 14 ​ 11 Total share-based compensation expense ​ $ 6 ​ $ 7 ​ $ 19 ​ $ 16 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tax benefit recognized ​ $ 1 ​ $ 1 ​ $ 2 ​ $ 2
Assumptions used to Compute Share-Based Compensation ExpenseThe following table shows the Company’s assumptions used to compute share-based compensation expense for awards granted during the thirty-nine weeks ended November 2, 2019 and November 3, 2018: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock Option Plans ​ ​ Stock Purchase Plan ​ ​ ​ November 2, ​ November 3, ​ November 2, ​ November 3, ​ ​ 2019 2018 2019 2018 Weighted-average risk free rate of interest ​ 2.2 % ​ 2.7 % ​ 2.3 % ​ 1.8 % Expected volatility ​ 38 % ​ 37 % ​ 55 % ​ 47 % Weighted-average expected award life (in years) ​ 5.5 ​ 5.5 ​ 1.0 ​ 1.0 Dividend yield ​ 2.6 % ​ 3.1 % ​ 3.0 % ​ 2.4 % Weighted-average fair value ​ $ 17.07 ​ $ 12.42 ​ $ 18.12 ​ $ 15.16 ​
Options Granted under Stock Option PlansThe information in the following table covers option activity under the Company’s stock option plans for the thirty-nine weeks ended November 2, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- Weighted- ​ Number ​ Average ​ Average ​ of ​ Remaining ​ Exercise ​ Shares ​ Contractual Life ​ Price ​ (in thousands) ​ (in years) ​ (per share) Options outstanding at the beginning of the year 2,861 ​ ​ ​ $ 52.34 Granted 321 ​ ​ ​ 58.65 Exercised (168) ​ ​ ​ 27.12 Expired or cancelled (101) ​ ​ ​ 60.80 Options outstanding at November 2, 2019 2,913 ​ 6.0 ​ $ 54.19 Options exercisable at November 2, 2019 2,168 ​ 5.1 ​ $ 53.66 Options available for future grant at November 2, 2019 ​ 7,392 ​ ​ ​ ​ ​ ​
Total Intrinsic Value of Options ExercisedThe total intrinsic value of options exercised (the difference between the market price of the Company’s common stock on the exercise date and the price paid by the optionee to exercise the option) is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ November 2, ​ November 3, ​ November 2, ​ November 3, ​ ​ 2019 ​ 2018 ​ 2019 ​ 2018 ​ ​ ​ ($ in millions) Exercised ​ $ — ​ $ — ​ $ 5 ​ $ 3
Aggregate Intrinsic Value for Stock Options Outstanding and ExercisableThe aggregate intrinsic value for stock options outstanding, and outstanding and exercisable (the difference between the Company’s closing stock price on the last trading day of the period and the exercise price of the options, multiplied by the number of in-the-money stock options) is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirty-nine weeks ended ​ ​ November 2, 2019 ​ November 3, 2018 ​ ​ ($ in millions) Outstanding ​ $ 8 ​ $ 17 Outstanding and exercisable ​ $ 7 ​ $ 15
Information about Stock Options Outstanding and ExercisableThe following table summarizes information about stock options outstanding and exercisable at November 2, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Outstanding Options Exercisable ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ Weighted- ​ ​ ​ Weighted- ​ ​ ​ ​ Remaining ​ Average ​ ​ ​ Average Range of Exercise ​ Number ​ Contractual ​ Exercise ​ Number ​ Exercise Prices Outstanding Life Price Exercisable Price ​ (in thousands, except prices per share and contractual life) $9.85 to $18.84 128 1.3 ​ $ 18.54 128 ​ $ 18.54 $24.75 to $36.51 378 3.4 ​ 32.13 335 ​ 31.77 $44.78 to $45.75 577 6.6 ​ 44.91 349 ​ 44.99 $46.64 to $62.11 942 6.6 ​ 59.98 616 ​ 60.82 $63.33 to $73.21 ​ 888 ​ 6.7 ​ ​ 68.58 ​ 740 ​ ​ 67.75 ​ 2,913 6.0 ​ $ 54.19 2,168 ​ $ 53.66
Restricted Share and Unit ActivityRSU activity for the thirty-nine weeks ended November 2, 2019 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-Average ​ ​ ​ ​ Number Remaining Weighted-Average ​ ​ of Contractual Grant Date ​ ​ Shares Life Fair Value ​ ​ (in thousands) ​ (in years) ​ (per share) Nonvested at beginning of year ​ 1,022 ​ ​ ​ $ 47.47 Granted (1) ​ 306 ​ ​ ​ 58.48 Vested ​ (88) ​ ​ ​ 60.40 Performance adjustment (2) ​ ​ (27) ​ ​ ​ ​ ​ ​ Expired or cancelled ​ (23) ​ ​ ​ 53.15 Nonvested at November 2, 2019 ​ 1,190 ​ 1.5 ​ $ 49.18 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Aggregate value ($ in millions) ​ $ 59 ​ ​ ​ ​ (1) Included in the units granted are approximately 0.2 million performance-based RSUs. The number of performance-based RSUs that are ultimately earned may vary from 0% to 200% of target depending on the achievement relative to the Company’s predefined financial performance targets. (2) This represents adjustments made to performance-based RSU awards and reflect changes in estimates based upon the Company’s current performance against predefined financial targets.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in MillionsFeb. 03, 2019Nov. 02, 2019Feb. 02, 2019[1]
Significant Accounting Policies [Line Items]
Cumulative effect of the adoption new ASUs $ 26
Operating Lease, Liability3,227
Operating Lease, Right-of-Use Asset $ 2,956
Accounting Standards Update 2016 02 [Member]
Significant Accounting Policies [Line Items]
Cumulative effect of the adoption new ASUs $ 26
Operating Lease, Impairment Loss29
Restatement Adjustment [Member] | Accounting Standards Update 2016 02 [Member]
Significant Accounting Policies [Line Items]
Operating Lease, Liability3,422
Operating Lease, Right-of-Use Asset $ 3,148
[1]The balance sheet at February 2, 2019 has been derived from the previously reported audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended February 2, 2019.

Revenue (Schedule of Sales Disa

Revenue (Schedule of Sales Disaggregated by Sales Channel) (Details) - USD ($) $ in Millions3 Months Ended9 Months Ended
Nov. 02, 2019Nov. 03, 2018Nov. 02, 2019Nov. 03, 2018
Sales $ 1,932 $ 1,860 $ 5,784 $ 5,667
Store Sales Channel [Member]
Sales1,636 1,591 4,915 4,876
Direct to Customers Sales Channel [Member]
Sales $ 296 $ 269 $ 869 $ 791

Revenue (Schedule of Sales Di_2

Revenue (Schedule of Sales Disaggregated by Geographic Area) (Details) - USD ($) $ in Millions3 Months Ended9 Months Ended
Nov. 02, 2019Nov. 03, 2018Nov. 02, 2019Nov. 03, 2018
Sales $ 1,932 $ 1,860 $ 5,784 $ 5,667
United States of America [Member]
Sales1,361 1,297 4,122 4,018
International [Member]
Sales $ 571 $ 563 $ 1,662 $ 1,649

Revenue (Activity of Gift Card

Revenue (Activity of Gift Card Liability Balance) (Details) $ in Millions9 Months Ended
Nov. 02, 2019USD ($)
Accrued gift card liability at beginning of period $ 35
Foreign currency fluctuations(1)
Accrued gift card liability at end of period26
Gift Card Redemption Revenue [Member]
Revenue recognized(70)
Gift Card Breakage Revenue [Member]
Revenue recognized(4)
Gift Card Activations [Member]
Activations $ 66

Segment Information (Narrative)

Segment Information (Narrative) (Details)9 Months Ended
Nov. 02, 2019segment
Segment Information [Abstract]
Operating segments3
Number of reportable segments1

Segment Information (Sales and

Segment Information (Sales and Division Operating Results for Reportable Segments) (Details) - USD ($) $ in Millions3 Months Ended9 Months Ended
Nov. 02, 2019Nov. 03, 2018Nov. 02, 2019Nov. 03, 2018
Segment Information [Abstract]
Sales $ 1,932 $ 1,860 $ 5,784 $ 5,667
Division profit184 165 549 543
Less: Litigation and other charges1 2 16 17
Less: Corporate expense19 19 60 46
Income from operations164 144 473 480
Interest income, net3 2 9 5
Other income4 8 5
Income before income taxes171 146 490 490
Pension litigation charge $ 1 $ 2 3 $ 17
Lease termination costs $ 13

Cash, Cash Equivalents, and R_3

Cash, Cash Equivalents, and Restricted Cash (Reconciliation of Cash and Cash Equivalents) (Details) - USD ($) $ in MillionsNov. 02, 2019Feb. 02, 2019Nov. 03, 2018Feb. 03, 2018
Restricted Cash [Abstract]
Cash and cash equivalents $ 744 $ 891 [1] $ 748
Restricted cash included in other current assets5 59 2
Restricted cash included in other non-current assets30 31 86
Cash, cash equivalents, and restricted cash $ 779 $ 981 $ 836 $ 1,031
[1]The balance sheet at February 2, 2019 has been derived from the previously reported audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended February 2, 2019.

Cash, Cash Equivalents, and R_4

Cash, Cash Equivalents, and Restricted Cash (Narrative) (Details) - USD ($) $ in MillionsNov. 03, 2018Dec. 31, 2017
Restricted Cash [Abstract]
Qualified Settlement Fund $ 54 $ 150

Goodwill (Narrative) (Details)

Goodwill (Narrative) (Details)9 Months Ended
Nov. 02, 2019segmentitem
Goodwill and Other Intangible Assets, Net [Abstract]
Number of reportable segments | segment1
Number of reporting units | item3

Other Intangible Assets, Net (S

Other Intangible Assets, Net (Schedule of Other Intangible Assets) (Details) - USD ($) $ in Millions3 Months Ended
Feb. 02, 2019Nov. 02, 2019Nov. 03, 2018
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value $ 147 $ 137 $ 148
Amortized intangible assets, Accum. amort.(132)(125)(132)
Amortized intangible assets, Net value15 12 16
Other intangible assets, net24 [1]21 39
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)15
Lease Acquisition Costs [Member]
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value120 117 121
Amortized intangible assets, Accum. amort.(111)(109)(111)
Amortized intangible assets, Net value9 8 10
Trademarks and Trade Names [Member]
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value20 20 20
Amortized intangible assets, Accum. amort.(15)(16)(15)
Amortized intangible assets, Net value5 4 5
Favorable Leases [Member]
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value7 7
Amortized intangible assets, Accum. amort.(6)(6)
Amortized intangible assets, Net value1 1
Trademarks and Trade Names [Member]
Intangible Assets by Major Class [Line Items]
Indefinite life intangible assets, Net Value $ 9 $ 9 $ 23
[1]The balance sheet at February 2, 2019 has been derived from the previously reported audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended February 2, 2019.

Other Intangible Assets, Net (A

Other Intangible Assets, Net (Amortization Expense) (Details) - USD ($) $ in Millions3 Months Ended9 Months Ended
Nov. 02, 2019Nov. 03, 2018Nov. 02, 2019Nov. 03, 2018
Goodwill and Other Intangible Assets, Net [Abstract]
Amortization expense $ 1 $ 1 $ 3 $ 3

Other Intangible Assets, Net (E

Other Intangible Assets, Net (Estimated Future Amortization Expense for Finite Lived Intangibles) (Details) $ in MillionsNov. 02, 2019USD ($)
Goodwill and Other Intangible Assets, Net [Abstract]
Remainder of 2019 $ 1
20203
20212
20222
20232
2024 $ 2

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Millions3 Months Ended9 Months Ended
Nov. 02, 2019Nov. 03, 2018Nov. 02, 2019Nov. 03, 2018
Schedule Of Operating Leases [Line Items]
Rental expense for operating leases before adoption of 2016-02 $ 185 $ 562
Minimum rentals182 547
Contingent rentals6 19
Sublease income $ 1 3 $ 1 4
Certain executory costs related to leases $ 37 $ 111
Future undiscounted lease payments $ 716 $ 716
Minimum [Member]
Schedule Of Operating Leases [Line Items]
Operating lease period5 years5 years
Maximum [Member]
Schedule Of Operating Leases [Line Items]
Operating lease period10 years10 years
Future Undiscounted Lease Payments for Retail Stores [Member]
Schedule Of Operating Leases [Line Items]
Operating leases not yet commenced, future undiscounted lease payments $ 71 $ 71

Leases (Operating Lease) (Detai

Leases (Operating Lease) (Details) - USD ($) $ in MillionsNov. 02, 2019Feb. 02, 2019[1]
Amounts recognized in the Condensed Consolidated Balance Sheet related to operating leases
Operating lease right-of-use assets $ 2,956
Current portion of lease obligations508
Noncurrent: Operating lease liabilities2,719
Total lease liabilities $ 3,227
[1]The balance sheet at February 2, 2019 has been derived from the previously reported audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended February 2, 2019.

Leases (Lease Cost) (Details)

Leases (Lease Cost) (Details) - USD ($) $ in Millions3 Months Ended9 Months Ended
Nov. 02, 2019Nov. 03, 2018Nov. 02, 2019Nov. 03, 2018
Components of lease cost
Operating lease costs $ 168 $ 499
Variable lease costs84 249
Short-term lease costs5 19
Sublease Income(1) $ (3)(1) $ (4)
Net lease cost $ 256 $ 766

Leases (Other and Supplement Ca

Leases (Other and Supplement Cash Flow) (Details) $ in Millions9 Months Ended
Nov. 02, 2019USD ($)
Leases [Abstract]
Weighted average remaining lease term (years)7 years 1 month 6 days
Weighted average discount rate5.40%
Operating cash flows from operating leases $ 506
Operating leases $ 211

Leases (Future Minimum Lease Pa

Leases (Future Minimum Lease Payments Under Non-Cancelable Operating Leases Net of Future Non-Cancelable Operating Sublease Payments) (Details) - USD ($) $ in MillionsNov. 02, 2019Feb. 02, 2019
Maturities of lease liabilities
Remainder of 2019 $ 173
2020655
2021607
2021550
2023479
Thereafter1,479
Total lease payments3,943
Less: Interest716
Total lease liabilities $ 3,227
Estimated future minimum noncancelable lease commitments
2019 $ 672
2020631
2021583
2022527
2023456
Thereafter1,408
Total operating lease commitments $ 4,277

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Schedule of Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in MillionsNov. 02, 2019Feb. 02, 2019Nov. 03, 2018
Accumulated Other Comprehensive Loss [Abstract]
Foreign currency translation adjustments $ (100) $ (84) $ (90)
Cash flow hedges(2)1
Unrecognized pension cost and postretirement benefit(280)(286)(272)
Accumulated other comprehensive loss ("AOCL"), net of tax $ (382) $ (370)[1] $ (361)
[1]The balance sheet at February 2, 2019 has been derived from the previously reported audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended February 2, 2019.

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (Changes in Accumulated Other Comprehensive Loss) (Details) $ in Millions9 Months Ended
Nov. 02, 2019USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance $ (370)[1]
OCI before reclassification(18)
Amortization of pension actuarial loss, net of tax6
Other comprehensive income(12)
Ending Balance(382)
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance(84)
OCI before reclassification(16)
Amortization of pension actuarial loss, net of tax
Other comprehensive income(16)
Ending Balance(100)
Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance
OCI before reclassification(2)
Amortization of pension actuarial loss, net of tax
Other comprehensive income(2)
Ending Balance(2)
Items Related to Pension and Postretirement Benefits [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance(286)
Amortization of pension actuarial loss, net of tax6
Other comprehensive income6
Ending Balance $ (280)
[1]The balance sheet at February 2, 2019 has been derived from the previously reported audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended February 2, 2019.

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Loss (Reclassifications from Accumulated Other Comprehensive Loss) (Details) $ in Millions9 Months Ended
Nov. 02, 2019USD ($)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net periodic benefit cost (see Note 11) $ 8
Income tax benefit(2)
Total, net of tax6
Pension Benefits [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net periodic benefit cost (see Note 11)9
Postretirement Benefits [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net periodic benefit cost (see Note 11) $ (1)

Fair Value Measurements (Assets

Fair Value Measurements (Assets and Liabilities Measured at Fair Value on Recurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in MillionsNov. 02, 2019Feb. 02, 2019Nov. 03, 2018
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis
Liabilities measured at fair value on recurring basis
Level 1 [Member] | Available-for-sale Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis142 100 28
Liabilities measured at fair value on recurring basis2 1
Level 2 [Member] | Investment in Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis136 94 21
Level 2 [Member] | Available-for-sale Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis6 6 6
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis
Liabilities measured at fair value on recurring basis
Level 3 [Member] | Available-for-sale Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis
Forward Foreign Exchange Contracts [Member] | Level 1 [Member] | Derivative Financial Instruments, Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities measured at fair value on recurring basis
Forward Foreign Exchange Contracts [Member] | Level 1 [Member] | Derivative Financial Instruments, Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis
Forward Foreign Exchange Contracts [Member] | Level 2 [Member] | Derivative Financial Instruments, Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities measured at fair value on recurring basis2 1
Forward Foreign Exchange Contracts [Member] | Level 2 [Member] | Derivative Financial Instruments, Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis 1
Forward Foreign Exchange Contracts [Member] | Level 3 [Member] | Derivative Financial Instruments, Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities measured at fair value on recurring basis
Forward Foreign Exchange Contracts [Member] | Level 3 [Member] | Derivative Financial Instruments, Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis

Fair Value Measurements (Carryi

Fair Value Measurements (Carrying Value and Estimated Fair Value of Long-Term Debt) (Details) - USD ($) $ in MillionsNov. 02, 2019Feb. 02, 2019Nov. 03, 2018
Fair Value Measurements [Abstract]
Long-term debt, Carrying value $ 122 $ 124 [1] $ 124
Long-term debt, Fair value $ 135 $ 136 $ 138
[1]The balance sheet at February 2, 2019 has been derived from the previously reported audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended February 2, 2019.

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Millions9 Months Ended
Nov. 02, 2019Nov. 03, 2018
Earnings Per Share [Abstract]
Contingently issuable shares excluded from diluted earnings per share0.7 1.1

Earnings Per Share (Computation

Earnings Per Share (Computation of Basic and Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions3 Months Ended9 Months Ended
Nov. 02, 2019Nov. 03, 2018Nov. 02, 2019Nov. 03, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income/(loss) $ 125 $ 130 $ 357 $ 383
Weighted-average common shares outstanding106.9 114.5 110 116.6
Dilutive effect of potential common shares0.3 0.5 0.5 0.5
Weighted-average common shares outstanding assuming dilution107.2 115 110.5 117.1
Earnings per share - basic $ 1.16 $ 1.14 $ 3.24 $ 3.29
Earnings per share - diluted $ 1.16 $ 1.14 $ 3.23 $ 3.28
Stock Option Plans [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive share-based awards excluded from diluted calculation2.4 2 2.2 1.9

Pension and Postretirement Pl_3

Pension and Postretirement Plans (Narrative) (Details) - U.S. Qualified Pension Plan [Member] - USD ($) $ in Millions1 Months Ended9 Months Ended
Mar. 31, 2019Nov. 02, 2019
Defined Benefit Plan Disclosure [Line Items]
Employer's contribution $ 55
Number of years of service as threshold for frozen pension benefit accruals11 years

Pension and Postretirement Pl_4

Pension and Postretirement Plans (Net Benefit Expense (Income)) (Details) - USD ($) $ in Millions3 Months Ended9 Months Ended
Nov. 02, 2019Nov. 03, 2018Nov. 02, 2019Nov. 03, 2018
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost $ 5 $ 5 $ 15 $ 14
Interest cost7 8 20 21
Expected return on plan assets(9)(10)(27)(29)
Amortization of net loss (gain)3 3 9 9
Net benefit expense (income) $ 6 $ 6 17 15
Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Amortization of net loss (gain)(1)(1)
Net benefit expense (income) $ (1) $ (1)

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) - USD ($) $ in Millions9 Months Ended
Nov. 02, 2019Nov. 03, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds from exercise of stock options $ 5 $ 4
Unrecognized compensation cost30
Stock Option Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of options vested6 8
Proceeds from exercise of stock options5
Tax benefit realized from options exercised1
Restricted Stock and Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of awards $ 5 $ 7
Awards vesting period descriptionGenerally, awards fully vest after the passage of time, typically three years. However, RSU awards made in connection with the Company’s performance-based long-term incentive program are earned after the attainment of certain performance metrics and, with regards to certain awards, vest after an additional one-year period.
Performance Shares [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award, Target Percentage of Equity Awards Earned Over Performance Period200.00%
Performance Shares [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award, Target Percentage of Equity Awards Earned Over Performance Period0.00%
Nonvested Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost $ 5
Unrecognized compensation cost related to nonvested stock options, weighted-average period expected to be recognized1 year 4 months 24 days

Share-Based Compensation (Total

Share-Based Compensation (Total Compensation Expense Included in SG&A and the Related Tax Benefits Recognized) (Details) - USD ($) $ in Millions3 Months Ended9 Months Ended
Nov. 02, 2019Nov. 03, 2018Nov. 02, 2019Nov. 03, 2018
Share-Based Compensation [Abstract]
Options and shares purchased under the employee stock purchase plan $ 1 $ 2 $ 5 $ 5
Restricted stock and restricted stock units5 5 14 11
Total share-based compensation expense6 7 19 16
Tax benefit recognized $ 1 $ 1 $ 2 $ 2

Share-Based Compensation (Assum

Share-Based Compensation (Assumptions Used to Compute Share-Based Compensation Expense) (Details) - $ / shares3 Months Ended9 Months Ended
Nov. 02, 2019Nov. 03, 2018Nov. 02, 2019Nov. 03, 2018
Stock Option Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average risk free rate of interest2.20%2.70%
Expected volatility38.00%37.00%
Weighted-average expected award life (in years)5 years 6 months5 years 6 months
Dividend yield2.60%3.10%
Weighted-average fair value $ 17.07 $ 12.42
2013 ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average risk free rate of interest2.30%1.80%
Expected volatility55.00%47.00%
Weighted-average expected award life (in years)1 year1 year
Dividend yield3.00%2.40%
Weighted-average fair value $ 18.12 $ 15.16

Share-Based Compensation (Optio

Share-Based Compensation (Options Granted Under Stock Option Plans) (Details) shares in Thousands9 Months Ended
Nov. 02, 2019$ / sharesshares
Number of Shares
Options outstanding at beginning of year2,861
Granted321
Exercised(168)
Expired or cancelled(101)
Options outstanding at end of period2,913
Options exercisable at end of period2,168
Options available for future grant at end of period7,392
Weighted-Average Exercise Price
Options outstanding at beginning of year | $ / shares $ 52.34
Granted | $ / shares58.65
Exercised | $ / shares27.12
Expired or cancelled | $ / shares60.80
Options outstanding at end of period | $ / shares54.19
Options exercisable at end of period | $ / shares $ 53.66
Options outstanding, weighted-average remaining contractual life6 years
Options exercisable at end of period, Weighted-average remaining contractual life5 years 1 month 6 days

Share-Based Compensation (Tot_2

Share-Based Compensation (Total Intrinsic Value of Options Exercised) (Details) - USD ($) $ in Millions3 Months Ended9 Months Ended
Nov. 02, 2019Nov. 03, 2018Nov. 02, 2019Nov. 03, 2018
Intrinsic value of stock options
Exercised $ 5 $ 3

Share-Based Compensation (Aggre

Share-Based Compensation (Aggregate Intrinsic Value for Stock Options Outstanding and Exercisable) (Details) - USD ($) $ in MillionsNov. 02, 2019Nov. 03, 2018
Share-Based Compensation [Abstract]
Outstanding $ 8 $ 17
Outstanding and exercisable $ 7 $ 15

Share-Based Compensation (Infor

Share-Based Compensation (Information about Stock Options Outstanding and Exercisable) (Details) - $ / shares shares in Thousands9 Months Ended
Nov. 02, 2019Feb. 02, 2019
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Number of Shares2,913 2,861
Options outstanding, weighted-average remaining contractual life6 years
Options Outstanding, Weighted-Average Exercise Price $ 54.19 $ 52.34
Options Exercisable, Number of Shares2,168
Options Exercisable, Weighted-Average Exercise Price $ 53.66
$9.85 to $18.84 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit9.85
Range of Exercise Prices, Upper Limit $ 18.84
Options Outstanding, Number of Shares128
Options outstanding, weighted-average remaining contractual life1 year 3 months 18 days
Options Outstanding, Weighted-Average Exercise Price $ 18.54
Options Exercisable, Number of Shares128
Options Exercisable, Weighted-Average Exercise Price $ 18.54
$24.75 to $34.75 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit24.75
Range of Exercise Prices, Upper Limit $ 36.51
Options Outstanding, Number of Shares378
Options outstanding, weighted-average remaining contractual life3 years 4 months 24 days
Options Outstanding, Weighted-Average Exercise Price $ 32.13
Options Exercisable, Number of Shares335
Options Exercisable, Weighted-Average Exercise Price $ 31.77
$44.78 to $45.75 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit44.78
Range of Exercise Prices, Upper Limit $ 45.75
Options Outstanding, Number of Shares577
Options outstanding, weighted-average remaining contractual life6 years 7 months 6 days
Options Outstanding, Weighted-Average Exercise Price $ 44.91
Options Exercisable, Number of Shares349
Options Exercisable, Weighted-Average Exercise Price $ 44.99
$46.64 to $62.11 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit46.64
Range of Exercise Prices, Upper Limit $ 62.11
Options Outstanding, Number of Shares942
Options outstanding, weighted-average remaining contractual life6 years 7 months 6 days
Options Outstanding, Weighted-Average Exercise Price $ 59.98
Options Exercisable, Number of Shares616
Options Exercisable, Weighted-Average Exercise Price $ 60.82
$63.79 to $73.21 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit63.33
Range of Exercise Prices, Upper Limit $ 73.21
Options Outstanding, Number of Shares888
Options outstanding, weighted-average remaining contractual life6 years 8 months 12 days
Options Outstanding, Weighted-Average Exercise Price $ 68.58
Options Exercisable, Number of Shares740
Options Exercisable, Weighted-Average Exercise Price $ 67.75

Share-Based Compensation (Chang

Share-Based Compensation (Changes in Nonvested Options) (Details) $ / shares in Units, shares in Thousands, $ in Millions9 Months Ended
Nov. 02, 2019USD ($)$ / sharesshares
Restricted Stock and Units [Member]
Number of Shares
Nonvested, Beginning Balance1,022
Granted306
Vested(88)
Performance adjustment(27)
Expired or cancelled(23)[1]
Nonvested, Ending Balance1,190
Aggregate value | $ $ 59
Wtg. Avg. remaining contractual life (in years)1 year 6 months
Weighted-Average Grant Date Fair Value per Share
Nonvested, Beginning Balance | $ / shares $ 47.47
Granted | $ / shares58.48
Vested | $ / shares60.40
Cancelled | $ / shares53.15[1]
Nonvested, Ending Balance | $ / shares $ 49.18
Awards granted306
Performance Shares [Member]
Number of Shares
Granted200
Weighted-Average Grant Date Fair Value per Share
Awards granted200
[1]This represents adjustments made to performance-based RSU awards and reflect changes in estimates based upon the Company’s current performance against predefined financial targets.