Foot Locker (FL) 10-Q 10 Jun 20 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	May 02, 2020	Jun. 05, 2020
Document And Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	May 2, 2020
Entity File Number	1-10299
Entity Registrant Name	FOOT LOCKER, INC.
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	13-3513936
Entity Address, Address Line One	330 West 34th Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10001
City Area Code	212
Local Phone Number	720-3700
Title of 12(b) Security	Common Stock
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		104,233,930
Entity Central Index Key	0000850209
Current Fiscal Year End Date	--01-30
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Trading Symbol	FL
Entity Interactive Data Current	Yes
Document Quarterly Report	true
Document Transition Report	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	May 02, 2020	Feb. 01, 2020	[1]	May 04, 2019
Current assets:
Cash and cash equivalents	$ 1,012	$ 907		$ 1,126
Merchandise inventories	1,458	1,208		1,211
Other current assets	268	271		255
Assets, current, total	2,738	2,386		2,592
Property and equipment, net	787	824		810
Operating lease right-of-use assets	2,807	2,899		3,025
Deferred taxes	63	81		89
Goodwill	156	156		156
Other intangible assets, net	19	20		22
Other assets	226	223		234
Total assets	6,796	6,589		6,928
Current liabilities:
Revolving credit facility	330
Accounts payable	468	333		451
Accrued and other liabilities	264	343		340
Current portion of lease obligations	581	518		499
Liabilities, current, total	1,643	1,194		1,290
Long-term debt	121	122		123
Long-term lease obligations	2,591	2,678		2,804
Other liabilities	127	122		109
Total liabilities	4,482	4,116		4,326
Shareholders' equity:
Common stock and paid-in capital: 104,245,181; 113,161,373; and 104,187,310 shares outstanding, respectively	767	764		820
Retained earnings	1,951	2,103		2,207
Accumulated other comprehensive loss	(404)	(394)		(384)
Less: Treasury stock at cost: 22,879; 774,355; and -- shares, respectively				(41)
Total shareholders' equity	2,314	2,473		2,602
Liabilities and equity, total	$ 6,796	$ 6,589		$ 6,928
[1]	The balance sheet at February 1, 2020 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 1, 2020.

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	May 02, 2020	Feb. 01, 2020	May 04, 2019
CONSOLIDATED BALANCE SHEETS [Abstract]
Common Stock, Shares Outstanding, Issued, Total	104,245,181	104,187,310	113,161,373
Treasury Stock, Shares	22,879		774,355

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	May 02, 2020	May 04, 2019
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]
Sales	$ 1,176	$ 2,078
Cost of sales	905	1,389
Selling, general and administrative expenses	316	416
Depreciation and amortization	44	44
Impairment and other charges	16	1
Income from operations	(105)	228
Interest (expense) income, net	(1)	4
Other income, net	1	2
(Loss) Income before income taxes	(105)	234
Income tax expense	5	62
Net (loss) income	$ (110)	$ 172
Basic earnings per share	$ (1.06)	$ 1.53
Weighted-average shares outstanding	104.3	112.4
Diluted earnings per share	$ (1.06)	$ 1.52
Weighted-average shares outstanding, assuming dilution	104.3	113.1

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	May 02, 2020	May 04, 2019
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net loss	$ (110)	$ 172
Foreign currency translation adjustment:
Translation adjustment arising during the period, net of income tax (benefit) of $(1), $(9), and $18 million, respectively	(16)	(15)
Cash flow hedges:
Change in fair value of derivatives, net of income tax benefit of $1 and $-, respectively	3	(2)
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 $3, $3, and $4 million, respectively	3	3
Comprehensive income	$ (120)	$ 158

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	May 02, 2020	May 04, 2019
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income tax benefit on translation adjustment
Change in fair value of derivatives, income tax benefit	1
Amortization of net actuarial gain/loss and prior service cost included in net periodic benefit costs, income tax expense	$ 1	$ 1

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Additional Paid-In Capital & Common Stock	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Loss	Total
Beginning Balance at Feb. 02, 2019	$ 809,000	$ (37,000)	$ 2,104,000	$ (370,000)	$ 2,506,000
Beginning Balance (in shares) at Feb. 02, 2019	112,933,000
Beginning Balance (in treasury shares) at Feb. 02, 2019		(711,000)
Restricted stock issued	$ 72
Issued under director and stock plans	$ 4,000				4,000
Issued under director and stock plans (in shares)	156,000
Share-based compensation expense	$ 7,000				7,000
Shares of common stock used to satisfy tax withholding obligations		$ (2,000)			(2,000)
Shares of common stock used to satisfy tax withholding obligations (in shares)		(31,000)
Share repurchases		$ (2,000)			(2,000)
Share repurchases (in shares)		(32,000)
Net loss			172,000		172,000
Cash dividends declared on common stock ($0.40 and $0.38 per share as of May 2, 2020 and May 4, 2019 respectively)			(43,000)		(43,000)
Translation adjustment, net of tax				(15,000)	(15,000)
Change in cash flow hedges, net of tax				(2,000)	(2,000)
Pension and postretirement adjustments, net of tax				3,000	3,000
Cumulative effect of the adoption new ASUs			(26,000)		(26,000)
Ending Balance at May. 04, 2019	$ 820,000	$ (41,000)	2,207,000	(384,000)	$ 2,602,000
Ending Balance (in shares) at May. 04, 2019	113,161,000
Ending Balance (in treasury shares) at May. 04, 2019		(774,000)			(774,355)
Beginning Balance at Feb. 01, 2020	$ 764,000		2,103,000	(394,000)	$ 2,473,000	[1]
Beginning Balance (in shares) at Feb. 01, 2020	104,188,000
Beginning Balance (in treasury shares) at Feb. 01, 2020
Restricted stock issued (in shares)	54,000
Issued under director and stock plans (in shares)	3,000
Share-based compensation expense	$ 3,000				$ 3,000
Shares of common stock used to satisfy tax withholding obligations (in shares)		(23,000)
Net loss			(110,000)		(110,000)
Cash dividends declared on common stock ($0.40 and $0.38 per share as of May 2, 2020 and May 4, 2019 respectively)			(42,000)		(42,000)
Translation adjustment, net of tax				(16,000)	(16,000)
Change in cash flow hedges, net of tax				3,000	3,000
Pension and postretirement adjustments, net of tax				3,000	3,000
Ending Balance at May. 02, 2020	$ 767,000		$ 1,951,000	$ (404,000)	$ 2,314,000
Ending Balance (in shares) at May. 02, 2020	104,245,000
Ending Balance (in treasury shares) at May. 02, 2020		(23,000)			(22,879)
[1]	The balance sheet at February 1, 2020 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 1, 2020.

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	May 02, 2020	May 04, 2019
Statement of Stockholders' Equity [Abstract]
Cash dividends declared on common stock, per share	$ 0.40	$ 0.38

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	May 02, 2020	May 04, 2019
From operating activities:
Net loss	$ (110)	$ 172
Adjustments to reconcile net income to net cash provided by operating activities:
Impairment charges	15
Depreciation and amortization	44	44
Deferred income taxes	24	2
Share-based compensation expense	3	7
Qualified pension plan contributions		(55)
Change in assets and liabilities:
Merchandise inventories	(257)	50
Accounts payable	138	67
Accrued and other liabilities	(44)	(22)
Other, net	71	53
Net cash provided by operating activities	(116)	318
From investing activities:
Capital expenditures	(52)	(45)
Minority investments	(6)	(45)
Net cash used in investing activities	(58)	(90)
From financing activities:
Proceeds from the revolving credit facility	330
Purchase of treasury shares		(2)
Dividends paid on common stock	(42)	(43)
Proceeds from exercise of stock options		4
Shares of common stock repurchased to satisfy tax withholding obligations		(2)
Net cash used in financing activities	288	(43)
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash	(9)	(5)
Net change in cash, cash equivalents, and restricted cash	105	180
Cash, cash equivalents, and restricted cash at beginning of year	942	981
Cash, cash equivalents, and restricted cash at end of period	1,047	1,161
Cash paid during the year:
Interest	1
Income taxes	$ 4	$ 40

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	May 02, 2020
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	1. 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 requires us to make estimates and assumptions that affect the amounts reported in the accompanying Unaudited Condensed Consolidated Financial Statements 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 results of operations for the period ended May 2, 2020 are not necessarily indicative of the results to be expected for the full fiscal year due to the continued uncertainty of general economic conditions that may affect us for the remainder of 2020. Specifically, we are uncertain of the extent to which the coronavirus (“COVID-19”) pandemic will affect our sales, traffic to our stores, including our distribution capabilities and those of our suppliers. 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 1, 2020, as filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 27, 2020. Other than the changes to the Goodwill Summary of Significant Accounting Policies Recent Accounting Pronouncements On February 2, 2020, we adopted FASB guidance on the accounting for implementation costs of a cloud computing arrangement that is considered to be a service contract, that requires companies to follow the guidance for internal-use software to determine which costs to capitalize in a cloud computing arrangement that is a service contract. Under this guidance, such implementation costs will be capitalized in “Other assets” on the Condensed Consolidated Balance Sheet, with the related amortization presented in “Selling, general and administrative expenses” on the Condensed Consolidated Statement of Operations. This guidance was applied prospectively to implementation costs incurred after February 2, 2020. The adoption of this guidance did not have a significant effect on our condensed consolidated financial statements. On February 2, 2020, we adopted FASB’s updated guidance on the accounting for performing goodwill impairment tests. This update eliminates the requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. In testing goodwill for impairment, an entity may elect to utilize a qualitative assessment to evaluate whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If the qualitative assessment indicates that goodwill impairment is more likely than not, an entity should perform its goodwill impairment test by comparing the fair value of a reporting unit to its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value, not to exceed the total amount of goodwill allocated to the reporting unit. Refer to our updated accounting policy in Note 6, Goodwill. Other recently issued accounting pronouncements did not, or are not believed by management to, have a material effect on our present or future consolidated financial statements.

Revenue

Revenue	3 Months Ended
	May 02, 2020
Revenue [Abstract]
Revenue	​ 2. Revenue The following table presents sales disaggregated based upon sales channel. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ ​ May 2, ​ May 4, ​ 2020 2019 ​ ​ ($ in millions) Sales by Channel ​ ​ ​ ​ ​ ​ Stores ​ $ 814 ​ $ 1,758 Direct-to-customers ​ 362 ​ 320 Total sales ​ $ 1,176 ​ $ 2,078 ​ 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ May 2, ​ May 4, ​ 2020 2019 ​ ​ ($ in millions) Sales by Geography ​ ​ ​ ​ ​ ​ United States ​ $ 911 ​ $ 1,552 International ​ 265 ​ 526 Total sales ​ $ 1,176 ​ $ 2,078 ​ Contract Liabilities We sell gift cards which do not have expiration dates. Revenue from gift card sales is recorded when the gift cards are redeemed by customers. Breakage income is recognized as revenue in proportion to the pattern of rights exercised by the customer . The table below presents the activity of our gift card liability balance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ May 2, ​ May 4, ​ ​ 2020 ​ 2019 ​ ​ ($ in millions) Gift card liability at beginning of year ​ $ 35 ​ $ 35 Redemptions ​ ​ (15) ​ ​ (25) Breakage recognized in sales ​ ​ (1) ​ ​ (2) Activations ​ ​ 14 ​ ​ 22 Foreign currency fluctuations ​ ​ (1) ​ ​ — Gift card liability ​ $ 32 ​ $ 30 ​ We 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 Information	3 Months Ended
	May 02, 2020
Segment Information [Abstract]
Segment Information	3. Segment Information We have 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. ​ We evaluate performance based on several factors, of which the primary financial measure is the banner’s financial results referred to as division (loss) profit. Division (loss) profit reflects (loss) income before income taxes, impairment and other charges, corporate expense, non-operating income, and net interest (expense) income. ​ The following table summarizes our results: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ ​ May 2, ​ May 4, ​ 2020 2019 ​ ​ ($ in millions) Sales ​ $ 1,176 ​ $ 2,078 ​ ​ ​ ​ ​ ​ ​ Operating Results ​ ​ Division (loss) profit ​ (79) ​ 250 Less: Impairment and other charges (1) ​ 16 ​ 1 Less: Corporate expense (2) ​ 10 ​ 21 (Loss) income from operations ​ (105) ​ 228 Interest (expense) income, net ​ (1) ​ 4 Other income, net ​ 1 ​ 2 (Loss) income before income taxes ​ $ (105) ​ $ 234 ​ (1) During the thirteen weeks ended May 2, 2020, we recorded pre-tax charges of $15 million related to the impairment of certain Runners Point and Sidestep stores that will be closing before lease expiration and other underperforming stores in Europe. We recorded pre-tax charges of $1 million in each of the thirteen weeks ended May 2, 2020 and May 4, 2019 related to administrative costs in connection with the pension plan reformation. (2) Corporate expense consists of unallocated selling, general and administrative expenses, as well as depreciation and amortization related to our corporate headquarters, centrally managed departments, unallocated insurance and benefit programs, certain foreign exchange transaction gains and losses, and other items.

Impairment and Other Charges

Impairment and Other Charges	3 Months Ended
	May 02, 2020
Impairment and Other Charges [Abstract]
Impairment and Other Charges	4. Impairment and Other Charges ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ ​ May 2, ​ May 4, ​ 2020 2019 ​ ($ in millions) Impairment of long-lived assets and right-of-use assets ​ $ 15 ​ $ — Pension litigation related charges ​ ​ 1 ​ ​ 1 Total impairment and other charges ​ $ 16 ​ $ 1 ​ In May 2020, we made the strategic decision to close our Runners Point business. As part of the decision to close the banner, certain Runners Point stores will convert to other banners and approximately 40 Runners Point and Sidestep stores will close prior to their natural lease expiration. Due to the COVID-19 pandemic and its effect on our actual and projected results, we determined that a triggering event had occurred for certain underperforming stores operating in Europe and, therefore, we conducted an impairment review during the first quarter of 2020. We evaluated the long-lived assets, including the right-of-use assets, of 70 stores and recorded non-cash charges of $15 million to write down store fixtures, leasehold improvements, and right-of-use assets. The Company and the Company’s U.S. pension plan were involved in litigation related to the conversion of the plan to a cash balance plan. The court entered its final judgment in 2018, which required the plan to be reformed as directed by the court order. We recorded charges of $1 million for both the thirteen weeks ended May 2, 2020 and May 4, 2019 related to administrative expenses in connection with the reformation.

Cash, Cash Equivalents, and Res

Cash, Cash Equivalents, and Restricted Cash	3 Months Ended
	May 02, 2020
Restricted Cash [Abstract]
Cash, Cash Equivalents, and Restricted Cash	5. 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ May 2, ​ May 4, ​ 2020 2019 ​ ​ ($ in millions) Cash and cash equivalents ​ $ 1,012 ​ $ 1,126 Restricted cash included in other current assets ​ ​ 7 ​ ​ 5 Restricted cash included in other non-current assets ​ ​ 28 ​ ​ 30 Cash, cash equivalents, and restricted cash ​ $ 1,047 ​ $ 1,161 ​ 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.

Goodwill

Goodwill	3 Months Ended
	May 02, 2020
Goodwill and Other Intangible Assets, Net [Abstract]
Goodwill	6. Goodwill We review goodwill for impairment annually during the first quarter of each fiscal year, or more frequently if impairment indicators arise. The review of impairment consists of either using a qualitative approach to determine whether it is more likely than not that the fair value of the assets is less than their respective carrying values or a one-step quantitative impairment test. In performing the qualitative assessment, we consider many factors in evaluating whether the carrying value of goodwill may not be recoverable, including declines in our stock price and market capitalization in relation to the book value of the Company and macroeconomic conditions affecting retail. If, based on the results of the qualitative assessment, it is concluded that it is not more likely than not that the fair value of a reporting unit exceeds its carrying value, additional quantitative impairment testing is performed. The quantitative test requires that the carrying value of each reporting unit be compared with its estimated fair value. If the carrying value of a reporting unit is greater than its fair value, a goodwill impairment charge will be recorded for the difference (up to the carrying value of goodwill). We use a discounted cash flow approach to determine the fair value of a reporting unit. The determination of discounted cash flows of the reporting units and assets and liabilities within the reporting units requires significant estimates and assumptions. These estimates and assumptions primarily include, but are not limited to, the discount rate, terminal growth rates, earnings before depreciation and amortization, and capital expenditures forecasts. Due to the inherent uncertainty involved in making these estimates, actual results could differ from those estimates. We evaluate the merits of each significant assumption, both individually and in the aggregate, used to determine the fair value of the reporting units, as well as the fair values of the corresponding assets and liabilities within the reporting units. In addition to performing our qualitative assessment of as the beginning of the year, we performed an additional quantitative assessment due to the COVID-19 pandemic and its effect on our results and stock price. Neither assessment resulted in the recognition of impairment. ​

Other Intangible Assets, Net

Other Intangible Assets, Net	3 Months Ended
	May 02, 2020
Goodwill and Other Intangible Assets, Net [Abstract]
Other Intangible Assets, Net	​ 7. Other Intangible Assets, net The components of finite-lived intangible assets and intangible assets not subject to amortization are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ May 2, 2020 ​ ​ May 4, 2019 ​ ​ Gross ​ Accum. ​ Net ​ Gross ​ Accum. ​ Net ($ in millions) ​ value ​ amort. ​ value ​ value ​ amort. ​ value Amortized intangible assets: (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lease acquisition costs ​ $ 113 ​ $ (106) ​ $ 7 ​ $ 116 ​ $ (108) ​ $ 8 Trademarks / trade names ​ ​ 20 ​ ​ (16) ​ ​ 4 ​ ​ 20 ​ ​ (15) ​ ​ 5 ​ ​ $ 133 ​ $ (122) ​ $ 11 ​ $ 136 ​ $ (123) ​ $ 13 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indefinite life intangible assets: (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trademarks / trade names ​ ​ ​ ​ ​ ​ ​ $ 8 ​ ​ ​ ​ ​ ​ ​ $ 9 Other intangible assets, net ​ ​ ​ ​ ​ ​ ​ $ 19 ​ ​ ​ ​ ​ ​ ​ $ 22 (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. ​ The annual review of intangible assets with indefinite lives performed during the first quarter of 2020 did not result in the recognition of impairment. Amortization expense recorded is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ($ in millions) ​ ​ May 2, 2020 ​ May 4, 2019 Amortization expense ​ $ 1 ​ $ 1 ​ Estimated future amortization expense for finite-life intangible assets is as follows: ​ ​ ​ ​ ​ ($ in millions) Remainder of 2020 ​ $ 2 2021 ​ ​ 2 2022 ​ 2 2023 ​ ​ 2 2024 ​ 1 2025 ​ 1 ​

Revolving Credit Facility

Revolving Credit Facility	3 Months Ended
	May 02, 2020
Revolving Credit Facility [Abstract]
Revolving Credit Facility	8. Revolving Credit Facility On May 19, 2016, we entered into a credit agreement with our banks (“2016 Credit Agreement”). The 2016 Credit Agreement provides for a $400 million asset-based revolving credit facility maturing on May 19, 2021. During the term of the 2016 Credit Agreement, we may also increase the commitments by up to $200 million, subject to customary conditions. In the first quarter of 2020, we have drawn $330 million of our credit facility. ​ Interest is determined by the eurodollar rate, determined by reference to LIBOR, plus a margin of 1.125 percent to 1.375 percent depending on availability under the 2016 Credit Agreement. In addition, we are paying a commitment fee of 0.20 percent per annum on the unused portion of the commitments. ​ We are not required to comply with any financial covenants unless certain events of default have occurred and are continuing, or if availability under the 2016 Credit Agreement does not exceed the greater of $40 million and 10 percent of the Loan Cap (as defined in the 2016 Credit Agreement). There are no restrictions relating to the payment of dividends and share repurchases as long as no default or event of default has occurred and the aggregate principal amount of unused commitments under the 2016 Credit Agreement is not less than 15 percent of the lesser of the aggregate amount of the commitments and the Borrowing Base, determined as of the preceding fiscal month and on a proforma basis for the following six fiscal months. ​

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	May 02, 2020
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Loss	9. Accumulated Other Comprehensive Loss Accumulated other comprehensive loss (“AOCL”), net of tax, is comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ May 2, ​ May 4, ​ February 1, ​ ​ 2020 2019 2020 ​ ​ ($ in millions) Foreign currency translation adjustments ​ $ (120) ​ $ (99) ​ $ (104) ​ Cash flow hedges ​ — ​ (2) ​ ​ (3) ​ Unrecognized pension cost and postretirement benefit ​ (284) ​ (283) ​ ​ (287) ​ ​ ​ $ (404) ​ $ (384) ​ $ (394) ​ ​ The changes in AOCL for the thirteen weeks ended May 2, 2020 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign ​ ​ ​ ​ Items Related ​ ​ ​ ​ ​ Currency ​ ​ ​ ​ to Pension and ​ ​ ​ ​ ​ Translation ​ Cash Flow ​ Postretirement ​ ​ ​ ($ in millions) Adjustments Hedges Benefits Total Balance as of February 1, 2020 ​ $ (104) ​ $ (3) ​ $ (287) ​ $ (394) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OCI before reclassification ​ (16) ​ ​ 3 ​ ​ 1 ​ (12) Amortization of pension actuarial loss, net of tax ​ — ​ ​ — ​ ​ 2 ​ 2 Other comprehensive income ​ (16) ​ 3 ​ 3 ​ (10) Balance as of May 2, 2020 ​ $ (120) ​ $ — ​ $ (284) ​ $ (404) ​ Reclassifications from AOCL for the thirteen weeks ended May 2, 2020 were as follows: ​ ​ ​ ​ ​ ($ in millions) Amortization of actuarial loss: ​ Pension benefits ​ $ 3 Income tax benefit ​ (1) Total, net of tax ​ $ 2 ​

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	May 02, 2020
Fair Value Measurements [Abstract]
Fair Value Measurements	10. Fair Value Measurements Our 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 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. Our 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. Assets and Liabilities Measured at Fair Value on a Recurring Basis ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of May 2, 2020 ​ As of May 4, 2019 ​ ​ ($ in millions) ​ Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets ​ ​ ​ ​ ​ ​ Available-for-sale security ​ ​ — ​ ​ 6 ​ ​ — ​ ​ — ​ ​ 6 ​ ​ — Foreign exchange forward contracts ​ — ​ 2 ​ — ​ — ​ 1 ​ — Total Assets ​ $ — ​ $ 8 ​ $ — ​ $ — ​ $ 7 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities ​ ​ ​ ​ ​ ​ Foreign exchange forward contracts ​ — ​ 2 ​ — ​ — ​ 3 ​ — Total Liabilities ​ $ — ​ $ 2 ​ $ — ​ $ — ​ $ 3 ​ $ — ​ There were no transfers into or out of Level 1, Level 2, or Level 3 assets and liabilities for any of the periods presented. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis Assets and liabilities recognized or disclosed at fair value on the consolidated financial statements on a nonrecurring basis include items such as property, plant and equipment, operating lease right-of-use assets, goodwill, other intangible assets, and minority investments that are not accounted for under the equity method of accounting. These assets are measured using Level 3 inputs, if determined to be impaired. Minority interests measured using the fair value option had a carrying value of $142 million and $133 million as of May 2, 2020 and May 4, 2019, respectively, and are included within Other assets. During the fourth quarter of 2019, we recorded a non-cash charge of $7 million related to the write-down of such minority investments. Long-Term Debt The fair value of long-term debt is determined by using model-derived valuations in which all significant inputs or significant value drivers are observable in active markets and therefore are classified as Level 2. The carrying value and estimated fair value of long-term debt were as follows: ​ ​ ​ ​ ​ ​ ​ ​ May 2, 2020 May 4, 2019 ​ ($ in millions) Carrying value ​ $ 121 ​ $ 123 Fair value ​ $ 121 ​ $ 136 ​ The carrying values of cash and cash equivalents, and other current receivables and payables approximate their fair value.

Earnings Per Share

Earnings Per Share	3 Months Ended
	May 02, 2020
Earnings Per Share [Abstract]
Earnings Per Share	​ 11. Earnings Per Share We account for earnings per share (“EPS”) using the treasury stock method. Basic EPS is computed by dividing net (loss) income for the period by the weighted-average number of common shares outstanding at the end of the period. Diluted earnings per share reflects the weighted-average number of common shares outstanding during the period used in the basic EPS computation plus dilutive common stock equivalents. The computation of diluted earnings per share does not assume conversion, exercise, or contingent issuance of securities that would have an anti-dilutive effect on EPS. The computation of basic and diluted EPS is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ ​ May 2, ​ May 4, ​ 2020 2019 ​ ​ (in millions, except per share data) Net (loss) income ​ $ (110) ​ $ 172 ​ ​ ​ ​ ​ ​ ​ Weighted-average common shares outstanding ​ 104.3 ​ 112.4 Dilutive effect of potential common shares ​ — ​ 0.7 Weighted-average common shares outstanding assuming dilution ​ 104.3 ​ 113.1 ​ ​ ​ ​ ​ ​ ​ (Loss) earnings per share - basic ​ $ (1.06) ​ $ 1.53 (Loss) earnings per share - diluted ​ $ (1.06) ​ $ 1.52 ​ ​ ​ ​ ​ ​ ​ Anti-dilutive share-based awards excluded from diluted calculation ​ 2.7 ​ 1.6 ​ Restricted stock units related to our long-term incentive programs of 0.5 million and 0.8 million have been excluded from diluted weighted-average shares for the periods ended May 2, 2020 and May 4, 2019, respectively. The issuance of these shares are contingent on our performance metrics as compared to the pre-established performance goals, which have not been achieved.

Pension

Pension	3 Months Ended
	May 02, 2020
Pension [Abstract]
Pension	12. Pension We have a defined benefit pension plan covering certain of our North American employees. The components of net periodic pension benefit cost are presented in the table below. Service cost is recognized as part of SG&A expense, while the other components are recognized as part of Other income, net. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ ​ ​ May 2, ​ ​ May 4, ​ ​ ​ 2020 ​ ​ 2019 ​ ​ ($ in millions) Service cost ​ $ 4 ​ $ 5 Interest cost ​ ​ 5 ​ ​ 7 Expected return on plan assets ​ ​ (9) ​ ​ (9) Amortization of net loss ​ ​ 3 ​ ​ 3 Net benefit expense ​ $ 3 ​ $ 6 ​

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	May 02, 2020
Share-Based Compensation [Abstract]
Share-Based Compensation	13. Share-Based Compensation Total compensation expense, included in SG&A, and the associated tax benefits recognized related to our share-based compensation plans, were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ ​ May 2, ​ May 4, ​ 2020 2019 ​ ​ ($ in millions) Options and shares purchased under the stock purchase plan ​ $ 2 ​ $ 2 Restricted stock and restricted stock units ​ 1 ​ 5 Total share-based compensation expense ​ $ 3 ​ $ 7 ​ ​ ​ ​ ​ ​ ​ Tax benefit recognized ​ $ — ​ $ 1 ​ Valuation Model and Assumptions We use 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 assumptions used to compute share-based compensation expense for awards granted during the thirteen weeks ended May 2, 2020 and May 4, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock Option Plans ​ ​ Stock Purchase Plan ​ ​ ​ May 2, ​ May 4, ​ May 2, ​ May 4, ​ ​ 2020 2019 2020 2019 Weighted-average risk free rate of interest ​ 0.6 % ​ 2.2 % ​ 2.2 % ​ 2.3 % Expected volatility ​ 42 % ​ 38 % ​ 48 % ​ 59 % Weighted-average expected award life (in years) ​ 5.5 ​ 5.5 ​ 1.0 ​ 1.0 Dividend yield ​ 4.9 % ​ 2.6 % ​ 3.8 % ​ 2.6 % Weighted-average fair value ​ $ 5.03 ​ $ 17.19 ​ $ 11.91 ​ $ 15.64 ​ ​ The information in the following table covers option activity under our stock option plans for the thirteen weeks ended May 2, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 2,881 ​ ​ ​ $ 54.21 Granted 1,069 ​ ​ ​ 21.61 Exercised (4) ​ ​ ​ 15.10 Expired or cancelled (44) ​ ​ ​ 51.02 Options outstanding at May 2, 2020 3,902 ​ 6.7 ​ $ 45.35 Options exercisable at May 2, 2020 2,473 ​ 5.0 ​ $ 54.67 Options available for future grant at May 2, 2020 ​ 5,571 ​ ​ ​ ​ ​ ​ ​ ​ The total fair value of options vested during the thirteen weeks ended May 2, 2020 and May 4, 2019 was $5 million and $6 million, respectively. The cash received and related tax benefits realized from option exercises during the thirteen weeks ended May 2, 2020 was not significant. The total intrinsic value of options exercised (the difference between the market price of our common stock on the exercise date and the price paid by the optionee to exercise the option) is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ ​ May 2, 2020 ​ May 4, 2019 ​ ​ ($ in millions) Exercised ​ $ — ​ $ 5 ​ The aggregate intrinsic value for stock options outstanding, and outstanding and exercisable (the difference between our closing stock price on the last trading day of the period and the exercise price of the options, multiplied by the number of in-the-money stock options) is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ ​ May 2, 2020 ​ May 4, 2019 ​ ​ ($ in millions) Outstanding ​ $ 3 ​ $ 20 Outstanding and exercisable ​ $ 1 ​ $ 17 ​ As of May 2, 2020 there was $7 million of total unrecognized compensation cost related to nonvested stock options, which is expected to be recognized over a remaining weighted-average period of 1.7 years. The following table summarizes information about stock options outstanding and exercisable at May 2, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) $15.10 to $23.09 1,181 ​ 9.0 ​ $ 21.33 117 ​ $ 18.84 $24.75 to $34.75 376 ​ 2.8 ​ 32.13 333 ​ 31.77 $44.78 to $45.75 563 ​ 6.0 ​ 44.91 454 ​ 44.94 $46.64 to $62.11 910 ​ 6.2 ​ 59.95 697 ​ 60.51 $63.33 to $73.21 ​ 872 ​ 6.2 ​ ​ 68.60 ​ 872 ​ ​ 68.60 ​ 3,902 6.7 ​ $ 45.35 2,473 ​ $ 54.67 ​ Restricted Stock Units Restricted stock units (“RSU”) may be awarded to certain officers and key employees of the Company. Additionally, RSU awards are made to employees in connection with our long-term incentive program, and to nonemployee directors. Each RSU award represents the right to receive one share of our 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 our 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 thirteen weeks ended May 2, 2020 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 ​ 936 ​ ​ ​ $ 49.25 Granted ​ 351 ​ ​ ​ 21.61 Vested ​ (54) ​ ​ ​ 68.78 Performance adjustment (1) ​ ​ (132) ​ ​ ​ ​ ​ ​ Forfeited ​ (6) ​ ​ ​ 39.22 Nonvested at May 2, 2020 ​ 1,095 ​ 1.6 ​ $ 38.65 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Aggregate value ($ in millions) ​ $ 42 ​ ​ ​ ​ (1) This represents adjustments made to performance-based RSU awards and reflect changes in estimates based upon our current performance against predefined financial targets. The total value of awards that vested during the thirteen weeks ended May 2, 2020 and May 4, 2019 was $4 million and $5 million, respectively. As of May 2, 2020, there was $19 million of total unrecognized compensation cost related to nonvested awards.

Income Taxes

Income Taxes	3 Months Ended
	May 02, 2020
Income Taxes [Abstract]
Income Taxes	14. Income Taxes For the thirteen weeks ended May 2, 2020, we recorded an income tax provision of $5 million, which represented an effective tax rate of negative 4.9 percent on a pretax loss. Included in this quarter’s provision is a $27 million tax charge related to the revaluation of certain intellectual property rights pursuant to a non-U.S. advance pricing agreement. ​ We have historically calculated the provision for income taxes during interim reporting periods by applying an estimate of the annual effective tax rate for the full fiscal year income, excluding unusual or infrequently occurring discrete items, for the reporting period. In accordance with the authoritative guidance, we used a discrete effective tax rate method to calculate income taxes for the thirteen weeks ended May 2, 2020 because small changes in the estimated level and mix of annual income or loss by jurisdiction would result in significant changes in the estimated annual effective tax rate making the historical method unreliable. ​ On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was signed into law in the U.S. to provide certain relief as a result of the COVID-19 pandemic. In addition, governments around the world enacted or implemented various forms of tax relief measures in response to the economic conditions in the wake of COVID-19. We are required to recognize the effects of tax law changes in the period of enactment. We have assessed the applicability of the CARES Act and changes to income tax laws or regulations in other jurisdictions and determined there is no significant affect to our income tax provision for the thirteen weeks ended May 2, 2020. We continue to assess the effect of the CARES Act and ongoing government guidance related to COVID-19 that may be issued. ​ ​

Legal Proceedings

Legal Proceedings	3 Months Ended
	May 02, 2020
Legal Proceedings [Abstract]
Legal Proceedings	15. 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. We do not believe that the outcome of any such legal proceedings pending against the Company or its consolidated subsidiaries, as described above, would have a material adverse effect on our consolidated financial position, liquidity, or results of operations, taken as a whole, based upon current knowledge and taking into consideration current accruals. Litigation is inherently unpredictable. Judgments could be rendered or settlements made that could adversely affect the Company’s operating results or cash flows in a particular period.

Subsequent Events

Subsequent Events	3 Months Ended
	May 02, 2020
Subsequent Events [Abstract]
Subsequent Events	16. Subsequent Event Subsequent to the end of first quarter, given the recent social unrest experienced in various cities across the United States, we temporarily closed approximately 130 stores to protect the safety of team members and customers, most of which were already temporarily closed due to COVID-19. Many of these locations may be closed for the foreseeable future given the potentially extensive physical damage. The extent of physical damage, inventory loss, and potential business interruption cannot be determined until we are able to enter the stores safely and assess the damage with our insurance adjusters, such amounts may be significant. The timing and amount of any possible insurance recoveries related to the losses is currently uncertain.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policy)	3 Months Ended
	May 02, 2020
Summary of Significant Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements On February 2, 2020, we adopted FASB guidance on the accounting for implementation costs of a cloud computing arrangement that is considered to be a service contract, that requires companies to follow the guidance for internal-use software to determine which costs to capitalize in a cloud computing arrangement that is a service contract. Under this guidance, such implementation costs will be capitalized in “Other assets” on the Condensed Consolidated Balance Sheet, with the related amortization presented in “Selling, general and administrative expenses” on the Condensed Consolidated Statement of Operations. This guidance was applied prospectively to implementation costs incurred after February 2, 2020. The adoption of this guidance did not have a significant effect on our condensed consolidated financial statements. On February 2, 2020, we adopted FASB’s updated guidance on the accounting for performing goodwill impairment tests. This update eliminates the requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. In testing goodwill for impairment, an entity may elect to utilize a qualitative assessment to evaluate whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If the qualitative assessment indicates that goodwill impairment is more likely than not, an entity should perform its goodwill impairment test by comparing the fair value of a reporting unit to its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value, not to exceed the total amount of goodwill allocated to the reporting unit. Refer to our updated accounting policy in Note 6, Goodwill. Other recently issued accounting pronouncements did not, or are not believed by management to, have a material effect on our present or future consolidated financial statements.

Goodwill (Policy)

Goodwill (Policy)	3 Months Ended
	May 02, 2020
Goodwill and Other Intangible Assets, Net [Abstract]
Goodwill	We review goodwill for impairment annually during the first quarter of each fiscal year, or more frequently if impairment indicators arise. The review of impairment consists of either using a qualitative approach to determine whether it is more likely than not that the fair value of the assets is less than their respective carrying values or a one-step quantitative impairment test. In performing the qualitative assessment, we consider many factors in evaluating whether the carrying value of goodwill may not be recoverable, including declines in our stock price and market capitalization in relation to the book value of the Company and macroeconomic conditions affecting retail. If, based on the results of the qualitative assessment, it is concluded that it is not more likely than not that the fair value of a reporting unit exceeds its carrying value, additional quantitative impairment testing is performed. The quantitative test requires that the carrying value of each reporting unit be compared with its estimated fair value. If the carrying value of a reporting unit is greater than its fair value, a goodwill impairment charge will be recorded for the difference (up to the carrying value of goodwill). We use a discounted cash flow approach to determine the fair value of a reporting unit. The determination of discounted cash flows of the reporting units and assets and liabilities within the reporting units requires significant estimates and assumptions. These estimates and assumptions primarily include, but are not limited to, the discount rate, terminal growth rates, earnings before depreciation and amortization, and capital expenditures forecasts. Due to the inherent uncertainty involved in making these estimates, actual results could differ from those estimates. We evaluate the merits of each significant assumption, both individually and in the aggregate, used to determine the fair value of the reporting units, as well as the fair values of the corresponding assets and liabilities within the reporting units.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	May 02, 2020
Revenue [Abstract]
Disaggregation of Revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ ​ May 2, ​ May 4, ​ 2020 2019 ​ ​ ($ in millions) Sales by Channel ​ ​ ​ ​ ​ ​ Stores ​ $ 814 ​ $ 1,758 Direct-to-customers ​ 362 ​ 320 Total sales ​ $ 1,176 ​ $ 2,078
Revenue from External Customers by Geographic Areas	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. ​ ​ ​ ​ ​ ​ ​ ​ ​ May 2, ​ May 4, ​ 2020 2019 ​ ​ ($ in millions) Sales by Geography ​ ​ ​ ​ ​ ​ United States ​ $ 911 ​ $ 1,552 International ​ 265 ​ 526 Total sales ​ $ 1,176 ​ $ 2,078
Activity of Gift Card Liability Balance	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ May 2, ​ May 4, ​ ​ 2020 ​ 2019 ​ ​ ($ in millions) Gift card liability at beginning of year ​ $ 35 ​ $ 35 Redemptions ​ ​ (15) ​ ​ (25) Breakage recognized in sales ​ ​ (1) ​ ​ (2) Activations ​ ​ 14 ​ ​ 22 Foreign currency fluctuations ​ ​ (1) ​ ​ — Gift card liability ​ $ 32 ​ $ 30

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	May 02, 2020
Segment Information [Abstract]
Sales and Division Operating Results for Reportable Segments	​ The following table summarizes our results: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ ​ May 2, ​ May 4, ​ 2020 2019 ​ ​ ($ in millions) Sales ​ $ 1,176 ​ $ 2,078 ​ ​ ​ ​ ​ ​ ​ Operating Results ​ ​ Division (loss) profit ​ (79) ​ 250 Less: Impairment and other charges (1) ​ 16 ​ 1 Less: Corporate expense (2) ​ 10 ​ 21 (Loss) income from operations ​ (105) ​ 228 Interest (expense) income, net ​ (1) ​ 4 Other income, net ​ 1 ​ 2 (Loss) income before income taxes ​ $ (105) ​ $ 234 ​ (1) During the thirteen weeks ended May 2, 2020, we recorded pre-tax charges of $15 million related to the impairment of certain Runners Point and Sidestep stores that will be closing before lease expiration and other underperforming stores in Europe. We recorded pre-tax charges of $1 million in each of the thirteen weeks ended May 2, 2020 and May 4, 2019 related to administrative costs in connection with the pension plan reformation. (2) Corporate expense consists of unallocated selling, general and administrative expenses, as well as depreciation and amortization related to our corporate headquarters, centrally managed departments, unallocated insurance and benefit programs, certain foreign exchange transaction gains and losses, and other items.
Disaggregation of Revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ ​ May 2, ​ May 4, ​ 2020 2019 ​ ​ ($ in millions) Sales by Channel ​ ​ ​ ​ ​ ​ Stores ​ $ 814 ​ $ 1,758 Direct-to-customers ​ 362 ​ 320 Total sales ​ $ 1,176 ​ $ 2,078

Impairment and Other Charges (T

Impairment and Other Charges (Tables)	3 Months Ended
	May 02, 2020
Impairment and Other Charges [Abstract]
Schedule of Impairment and Other Charges	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ ​ May 2, ​ May 4, ​ 2020 2019 ​ ($ in millions) Impairment of long-lived assets and right-of-use assets ​ $ 15 ​ $ — Pension litigation related charges ​ ​ 1 ​ ​ 1 Total impairment and other charges ​ $ 16 ​ $ 1

Cash, Cash Equivalents, and R_2

Cash, Cash Equivalents, and Restricted Cash (Tables)	3 Months Ended
	May 02, 2020
Restricted Cash [Abstract]
Reconciliation of Cash and Cash Equivalents	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. ​ ​ ​ ​ ​ ​ ​ ​ ​ May 2, ​ May 4, ​ 2020 2019 ​ ​ ($ in millions) Cash and cash equivalents ​ $ 1,012 ​ $ 1,126 Restricted cash included in other current assets ​ ​ 7 ​ ​ 5 Restricted cash included in other non-current assets ​ ​ 28 ​ ​ 30 Cash, cash equivalents, and restricted cash ​ $ 1,047 ​ $ 1,161

Other Intangible Assets, Net (T

Other Intangible Assets, Net (Tables)	3 Months Ended
	May 02, 2020
Goodwill and Other Intangible Assets, Net [Abstract]
Components of Finite-Lived Intangible Assets and Intangible Assets Not Subject to Amortization	The components of finite-lived intangible assets and intangible assets not subject to amortization are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ May 2, 2020 ​ ​ May 4, 2019 ​ ​ Gross ​ Accum. ​ Net ​ Gross ​ Accum. ​ Net ($ in millions) ​ value ​ amort. ​ value ​ value ​ amort. ​ value Amortized intangible assets: (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lease acquisition costs ​ $ 113 ​ $ (106) ​ $ 7 ​ $ 116 ​ $ (108) ​ $ 8 Trademarks / trade names ​ ​ 20 ​ ​ (16) ​ ​ 4 ​ ​ 20 ​ ​ (15) ​ ​ 5 ​ ​ $ 133 ​ $ (122) ​ $ 11 ​ $ 136 ​ $ (123) ​ $ 13 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indefinite life intangible assets: (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trademarks / trade names ​ ​ ​ ​ ​ ​ ​ $ 8 ​ ​ ​ ​ ​ ​ ​ $ 9 Other intangible assets, net ​ ​ ​ ​ ​ ​ ​ $ 19 ​ ​ ​ ​ ​ ​ ​ $ 22 (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.
Amortization Expense	Amortization expense recorded is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ($ in millions) ​ ​ May 2, 2020 ​ May 4, 2019 Amortization expense ​ $ 1 ​ $ 1
Estimated Future Expected Amortization Expense for Finite Life Intangible Assets	Estimated future amortization expense for finite-life intangible assets is as follows: ​ ​ ​ ​ ​ ($ in millions) Remainder of 2020 ​ $ 2 2021 ​ ​ 2 2022 ​ 2 2023 ​ ​ 2 2024 ​ 1 2025 ​ 1

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	May 02, 2020
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Loss	Accumulated other comprehensive loss (“AOCL”), net of tax, is comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ May 2, ​ May 4, ​ February 1, ​ ​ 2020 2019 2020 ​ ​ ($ in millions) Foreign currency translation adjustments ​ $ (120) ​ $ (99) ​ $ (104) ​ Cash flow hedges ​ — ​ (2) ​ ​ (3) ​ Unrecognized pension cost and postretirement benefit ​ (284) ​ (283) ​ ​ (287) ​ ​ ​ $ (404) ​ $ (384) ​ $ (394) ​
Changes in Accumulated Other Comprehensive Loss	The changes in AOCL for the thirteen weeks ended May 2, 2020 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign ​ ​ ​ ​ Items Related ​ ​ ​ ​ ​ Currency ​ ​ ​ ​ to Pension and ​ ​ ​ ​ ​ Translation ​ Cash Flow ​ Postretirement ​ ​ ​ ($ in millions) Adjustments Hedges Benefits Total Balance as of February 1, 2020 ​ $ (104) ​ $ (3) ​ $ (287) ​ $ (394) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OCI before reclassification ​ (16) ​ ​ 3 ​ ​ 1 ​ (12) Amortization of pension actuarial loss, net of tax ​ — ​ ​ — ​ ​ 2 ​ 2 Other comprehensive income ​ (16) ​ 3 ​ 3 ​ (10) Balance as of May 2, 2020 ​ $ (120) ​ $ — ​ $ (284) ​ $ (404)
Reclassification from Accumulated Other Comprehensive Loss	Reclassifications from AOCL for the thirteen weeks ended May 2, 2020 were as follows: ​ ​ ​ ​ ​ ($ in millions) Amortization of actuarial loss: ​ Pension benefits ​ $ 3 Income tax benefit ​ (1) Total, net of tax ​ $ 2

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	May 02, 2020
Fair Value Measurements [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis	Assets and Liabilities Measured at Fair Value on a Recurring Basis ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of May 2, 2020 ​ As of May 4, 2019 ​ ​ ($ in millions) ​ Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets ​ ​ ​ ​ ​ ​ Available-for-sale security ​ ​ — ​ ​ 6 ​ ​ — ​ ​ — ​ ​ 6 ​ ​ — Foreign exchange forward contracts ​ — ​ 2 ​ — ​ — ​ 1 ​ — Total Assets ​ $ — ​ $ 8 ​ $ — ​ $ — ​ $ 7 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities ​ ​ ​ ​ ​ ​ Foreign exchange forward contracts ​ — ​ 2 ​ — ​ — ​ 3 ​ — Total Liabilities ​ $ — ​ $ 2 ​ $ — ​ $ — ​ $ 3 ​ $ —
Carrying Value and Estimated Fair Value of Long-Term Debt	​ ​ ​ ​ ​ ​ ​ ​ May 2, 2020 May 4, 2019 ​ ($ in millions) Carrying value ​ $ 121 ​ $ 123 Fair value ​ $ 121 ​ $ 136

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	May 02, 2020
Earnings Per Share [Abstract]
Basic and Diluted Weighted-Average Number of Common Shares Outstanding	The computation of basic and diluted EPS is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ ​ May 2, ​ May 4, ​ 2020 2019 ​ ​ (in millions, except per share data) Net (loss) income ​ $ (110) ​ $ 172 ​ ​ ​ ​ ​ ​ ​ Weighted-average common shares outstanding ​ 104.3 ​ 112.4 Dilutive effect of potential common shares ​ — ​ 0.7 Weighted-average common shares outstanding assuming dilution ​ 104.3 ​ 113.1 ​ ​ ​ ​ ​ ​ ​ (Loss) earnings per share - basic ​ $ (1.06) ​ $ 1.53 (Loss) earnings per share - diluted ​ $ (1.06) ​ $ 1.52 ​ ​ ​ ​ ​ ​ ​ Anti-dilutive share-based awards excluded from diluted calculation ​ 2.7 ​ 1.6

Pension (Tables)

Pension (Tables)	3 Months Ended
	May 02, 2020
Pension [Abstract]
Net Benefit Expense (Income)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ ​ ​ May 2, ​ ​ May 4, ​ ​ ​ 2020 ​ ​ 2019 ​ ​ ($ in millions) Service cost ​ $ 4 ​ $ 5 Interest cost ​ ​ 5 ​ ​ 7 Expected return on plan assets ​ ​ (9) ​ ​ (9) Amortization of net loss ​ ​ 3 ​ ​ 3 Net benefit expense ​ $ 3 ​ $ 6

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	May 02, 2020
Share-Based Compensation [Abstract]
Total Compensation Expense and the Related Tax Benefits Recognized	Total compensation expense, included in SG&A, and the associated tax benefits recognized related to our share-based compensation plans, were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ ​ May 2, ​ May 4, ​ 2020 2019 ​ ​ ($ in millions) Options and shares purchased under the stock purchase plan ​ $ 2 ​ $ 2 Restricted stock and restricted stock units ​ 1 ​ 5 Total share-based compensation expense ​ $ 3 ​ $ 7 ​ ​ ​ ​ ​ ​ ​ Tax benefit recognized ​ $ — ​ $ 1
Assumptions used to Compute Share-Based Compensation Expense	The following table shows assumptions used to compute share-based compensation expense for awards granted during the thirteen weeks ended May 2, 2020 and May 4, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock Option Plans ​ ​ Stock Purchase Plan ​ ​ ​ May 2, ​ May 4, ​ May 2, ​ May 4, ​ ​ 2020 2019 2020 2019 Weighted-average risk free rate of interest ​ 0.6 % ​ 2.2 % ​ 2.2 % ​ 2.3 % Expected volatility ​ 42 % ​ 38 % ​ 48 % ​ 59 % Weighted-average expected award life (in years) ​ 5.5 ​ 5.5 ​ 1.0 ​ 1.0 Dividend yield ​ 4.9 % ​ 2.6 % ​ 3.8 % ​ 2.6 % Weighted-average fair value ​ $ 5.03 ​ $ 17.19 ​ $ 11.91 ​ $ 15.64 ​
Options Granted under Stock Option Plans	The information in the following table covers option activity under our stock option plans for the thirteen weeks ended May 2, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 2,881 ​ ​ ​ $ 54.21 Granted 1,069 ​ ​ ​ 21.61 Exercised (4) ​ ​ ​ 15.10 Expired or cancelled (44) ​ ​ ​ 51.02 Options outstanding at May 2, 2020 3,902 ​ 6.7 ​ $ 45.35 Options exercisable at May 2, 2020 2,473 ​ 5.0 ​ $ 54.67 Options available for future grant at May 2, 2020 ​ 5,571 ​ ​ ​ ​ ​ ​
Total Intrinsic Value of Options Exercised	The total intrinsic value of options exercised (the difference between the market price of our common stock on the exercise date and the price paid by the optionee to exercise the option) is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ ​ May 2, 2020 ​ May 4, 2019 ​ ​ ($ in millions) Exercised ​ $ — ​ $ 5
Aggregate Intrinsic Value for Stock Options Outstanding and Exercisable	The aggregate intrinsic value for stock options outstanding, and outstanding and exercisable (the difference between our closing stock price on the last trading day of the period and the exercise price of the options, multiplied by the number of in-the-money stock options) is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ ​ May 2, 2020 ​ May 4, 2019 ​ ​ ($ in millions) Outstanding ​ $ 3 ​ $ 20 Outstanding and exercisable ​ $ 1 ​ $ 17
Information about Stock Options Outstanding and Exercisable	The following table summarizes information about stock options outstanding and exercisable at May 2, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) $15.10 to $23.09 1,181 ​ 9.0 ​ $ 21.33 117 ​ $ 18.84 $24.75 to $34.75 376 ​ 2.8 ​ 32.13 333 ​ 31.77 $44.78 to $45.75 563 ​ 6.0 ​ 44.91 454 ​ 44.94 $46.64 to $62.11 910 ​ 6.2 ​ 59.95 697 ​ 60.51 $63.33 to $73.21 ​ 872 ​ 6.2 ​ ​ 68.60 ​ 872 ​ ​ 68.60 ​ 3,902 6.7 ​ $ 45.35 2,473 ​ $ 54.67
Restricted Share and Unit Activity	RSU activity for the thirteen weeks ended May 2, 2020 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 ​ 936 ​ ​ ​ $ 49.25 Granted ​ 351 ​ ​ ​ 21.61 Vested ​ (54) ​ ​ ​ 68.78 Performance adjustment (1) ​ ​ (132) ​ ​ ​ ​ ​ ​ Forfeited ​ (6) ​ ​ ​ 39.22 Nonvested at May 2, 2020 ​ 1,095 ​ 1.6 ​ $ 38.65 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Aggregate value ($ in millions) ​ $ 42 ​ ​ ​ ​ (1) This represents adjustments made to performance-based RSU awards and reflect changes in estimates based upon our current performance against predefined financial targets.

Revenue (Schedule of Sales Disa

Revenue (Schedule of Sales Disaggregated by Sales Channel) (Details) - USD ($) $ in Millions	3 Months Ended
	May 02, 2020	May 04, 2019
Sales	$ 1,176	$ 2,078
Store Sales Channel [Member]
Sales	814	1,758
Direct to Customers Sales Channel [Member]
Sales	$ 362	$ 320

Revenue (Schedule of Sales Di_2

Revenue (Schedule of Sales Disaggregated by Geographic Area) (Details) - USD ($) $ in Millions	3 Months Ended
	May 02, 2020	May 04, 2019
Sales	$ 1,176	$ 2,078
United States of America [Member]
Sales	911	1,552
International [Member]
Sales	$ 265	$ 526

Revenue (Activity of Gift Card

Revenue (Activity of Gift Card Liability Balance) (Details) - USD ($) $ in Millions	3 Months Ended
	May 02, 2020	May 04, 2019
Accrued gift card liability at beginning of period	$ 35	$ 35
Foreign currency fluctuations	(1)
Accrued gift card liability at end of period	32	30
Gift Card Redemption Revenue [Member]
Revenue recognized	(15)	(25)
Gift Card Breakage Revenue [Member]
Revenue recognized	(1)	(2)
Gift Card Activations [Member]
Activations	$ 14	$ 22

Segment Information (Sales and

Segment Information (Sales and Division Operating Results for Reportable Segments) (Details) - USD ($) $ in Millions	3 Months Ended
	May 02, 2020	May 04, 2019
Segment Information [Abstract]
Sales	$ 1,176	$ 2,078
Division profit	(79)	250
Less: Impairment and other charges	16	1
Less: Corporate expense	10	21
Income from operations	(105)	228
Interest income, net	(1)	4
Other income, net	1	2
(Loss) Income before income taxes	(105)	234
Impairment of long-lived assets and right-of-use assets	15
Pension litigation charge	$ (1)	$ (1)

Impairment and Other Charges (S

Impairment and Other Charges (Schedule of Impairment and Other Charges) (Details) - USD ($) $ in Millions	3 Months Ended
	May 02, 2020	May 04, 2019
Impairment and Other Charges [Abstract]
Impairment of long-lived assets and right-of-use assets	$ 15
Pension litigation related charges	1	$ 1
Total impairment and other charges	$ 16	$ 1

Impairment and Other Charges (N

Impairment and Other Charges (Narrative) (Details) $ in Millions	1 Months Ended	3 Months Ended
	May 31, 2020store	May 02, 2020USD ($)store	May 04, 2019USD ($)
Impairment Of Assets [Line Items]
Pension litigation charge | $		$ (1)	$ (1)
Impairment of assets | $		$ 15
Number of stores with non-cash impairment charge | store		70
Subsequent Event [Member] | Runners Point and Sidestep [Member]
Impairment Of Assets [Line Items]
Number of stores closing prior to their natural lease expiration | store	40

Cash, Cash Equivalents, and R_3

Cash, Cash Equivalents, and Restricted Cash (Reconciliation of Cash and Cash Equivalents) (Details) - USD ($) $ in Millions	May 02, 2020	Feb. 01, 2020		May 04, 2019	Feb. 02, 2019
Restricted Cash [Abstract]
Cash and cash equivalents	$ 1,012	$ 907	[1]	$ 1,126
Restricted cash included in other current assets	7			5
Restricted cash included in other non-current assets	28			30
Cash, cash equivalents, and restricted cash	$ 1,047	$ 942		$ 1,161	$ 981
[1]	The balance sheet at February 1, 2020 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 1, 2020.

Other Intangible Assets, Net (S

Other Intangible Assets, Net (Schedule of Other Intangible Assets) (Details) - USD ($) $ in Millions	May 02, 2020	Feb. 01, 2020	[1]	May 04, 2019
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value	$ 133			$ 136
Amortized intangible assets, Accum. amort.	(122)			(123)
Amortized intangible assets, Net value	11			13
Other intangible assets, net	19	$ 20		22
Lease Acquisition Costs [Member]
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value	113			116
Amortized intangible assets, Accum. amort.	(106)			(108)
Amortized intangible assets, Net value	7			8
Trademarks and Trade Names [Member]
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value	20			20
Amortized intangible assets, Accum. amort.	(16)			(15)
Amortized intangible assets, Net value	4			5
Trademarks and Trade Names [Member]
Intangible Assets by Major Class [Line Items]
Indefinite life intangible assets, Net Value	$ 8			$ 9
[1]	The balance sheet at February 1, 2020 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 1, 2020.

Other Intangible Assets, Net (A

Other Intangible Assets, Net (Amortization Expense) (Details) - USD ($) $ in Millions	3 Months Ended
	May 02, 2020	May 04, 2019
Goodwill and Other Intangible Assets, Net [Abstract]
Amortization expense	$ 1	$ 1

Other Intangible Assets, Net (E

Other Intangible Assets, Net (Estimated Future Amortization Expense for Finite Lived Intangibles) (Details) $ in Millions	May 02, 2020USD ($)
Goodwill and Other Intangible Assets, Net [Abstract]
Remainder of 2020	$ 2
2021	2
2022	2
2023	2
2024	1
2025	$ 1

Revolving Credit Facility (Narr

Revolving Credit Facility (Narrative) (Details) $ in Millions	3 Months Ended
	May 02, 2020USD ($)
Line of Credit Facility [Line Items]
Credit agreement start date	May 19, 2016
Revolving credit facility	$ 400
Revolving credit facility maturity date	May 19, 2021
Incremental facility available for credit facility	$ 200
Proceeds from Lines of Credit	$ 330
Credit facility, availability percentage as the lesser of Aggregate Commitments and Borrowing Base	15.00%
Minimum threshold of availability under the credit agreement before the company needs to comply with financial covenants	$ 40
Minimum percentage threshold of credit availability to Loan Cap before the company needs to comply with financial covenants	10.00%
Facility fees on unused portion of credit facility	0.20%
Maximum [Member]
Line of Credit Facility [Line Items]
Debt, basis spread on variable rate	1.375%
Minimum [Member]
Line of Credit Facility [Line Items]
Debt, basis spread on variable rate	1.125%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Schedule of Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Millions	May 02, 2020	Feb. 01, 2020		May 04, 2019
Accumulated Other Comprehensive Loss [Abstract]
Foreign currency translation adjustments	$ (120)	$ (104)		$ (99)
Cash flow hedges		(3)		(2)
Unrecognized pension cost and postretirement benefit	(284)	(287)		(283)
Accumulated other comprehensive loss ("AOCL"), net of tax	$ (404)	$ (394)	[1]	$ (384)
[1]	The balance sheet at February 1, 2020 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 1, 2020.

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (Changes in Accumulated Other Comprehensive Loss) (Details) $ in Millions	3 Months Ended
	May 02, 2020USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ (394)	[1]
OCI before reclassification	(12)
Amortization of pension actuarial (gain)/loss, net of tax	2
Other comprehensive income	(10)
Ending Balance	(404)
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(104)
OCI before reclassification	(16)
Amortization of pension actuarial (gain)/loss, net of tax
Other comprehensive income	(16)
Ending Balance	(120)
Cash Flow Hedges Parent[Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(3)
OCI before reclassification	3
Amortization of pension actuarial (gain)/loss, net of tax
Other comprehensive income	3
Items Related to Pension and Postretirement Benefits [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(287)
OCI before reclassification	1
Amortization of pension actuarial (gain)/loss, net of tax	2
Other comprehensive income	3
Ending Balance	$ (284)
[1]	The balance sheet at February 1, 2020 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 1, 2020.

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Loss (Reclassifications from Accumulated Other Comprehensive Loss) (Details) $ in Millions	3 Months Ended
	May 02, 2020USD ($)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Income tax benefit	$ (1)
Total, net of tax	2
Pension Benefits [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Pension benefits	$ 3

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 Millions	May 02, 2020	May 04, 2019
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 basis	8	7
Liabilities measured at fair value on recurring basis	2	3
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 basis	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 basis	2	3
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	2	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 Millions	May 02, 2020	Feb. 01, 2020	[1]	May 04, 2019
Fair Value Measurements [Abstract]
Long-term debt, Carrying value	$ 121	$ 122		$ 123
Long-term debt, Fair value	$ 121			$ 136
[1]	The balance sheet at February 1, 2020 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 1, 2020.

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Feb. 02, 2019	May 02, 2020	May 04, 2019
Fair Value Measurements [Abstract]
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount		$ 0	$ 0
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount		0	0
Fair Value, Liabilities, Level 1 to Level 2 Transfers, Amount		0	0
Fair Value, Liabilities, Level 2 to Level 1 Transfers, Amount		0	0
Minority interests		$ 142	$ 133
Increase (decrease) in minority interests	$ (7)

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Millions	3 Months Ended
	May 02, 2020	May 04, 2019
Earnings Per Share [Abstract]
Contingently issuable shares excluded from diluted earnings per share	0.5	0.8

Earnings Per Share (Computation

Earnings Per Share (Computation of Basic and Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	May 02, 2020	May 04, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income/(loss)	$ (110)	$ 172
Weighted-average common shares outstanding	104.3	112.4
Dilutive effect of potential common shares		0.7
Weighted-average common shares outstanding assuming dilution	104.3	113.1
Earnings per share - basic	$ (1.06)	$ 1.53
Earnings per share - diluted	$ (1.06)	$ 1.52
Stock Option Plans [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive share-based awards excluded from diluted calculation	2.7	1.6

Pension (Net Benefit Expense (I

Pension (Net Benefit Expense (Income)) (Details) - USD ($) $ in Millions	3 Months Ended
	May 02, 2020	May 04, 2019
Pension [Abstract]
Service cost	$ 4	$ 5
Interest cost	5	7
Expected return on plan assets	(9)	(9)
Amortization of net loss (gain)	3	3
Net benefit expense (income)	$ 3	$ 6

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	May 02, 2020	May 04, 2019	May 02, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options available for future grant	5,571		5,571
Unrecognized compensation cost			$ 19
Options available for future grant at end of period	5,571
Stock Option Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of options vested	$ 5	$ 6
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of awards	$ 4	$ 5
Nonvested Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost			$ 7
Unrecognized compensation cost related to nonvested stock options, weighted-average period expected to be recognized	1 year 8 months 12 days
2013 ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average expected award life (in years)	1 year	1 year

Share-Based Compensation (Total

Share-Based Compensation (Total Compensation Expense Included in SG&A and the Related Tax Benefits Recognized) (Details) - USD ($) $ in Millions	3 Months Ended
	May 02, 2020	May 04, 2019
Share-Based Compensation [Abstract]
Options and shares purchased under the employee stock purchase plan	$ 2	$ 2
Restricted stock and restricted stock units	1	5
Total share-based compensation expense	$ 3	7
Tax benefit recognized		$ 1

Share-Based Compensation (Assum

Share-Based Compensation (Assumptions Used to Compute Share-Based Compensation Expense) (Details) - $ / shares	3 Months Ended
	May 02, 2020	May 04, 2019
Stock Option Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average risk free rate of interest	0.60%	2.20%
Expected volatility	42.00%	38.00%
Weighted-average expected award life (in years)	5 years 6 months	5 years 6 months
Dividend yield	4.90%	2.60%
Weighted-average fair value	$ 5.03	$ 17.19
2013 ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average risk free rate of interest	2.20%	2.30%
Expected volatility	48.00%	59.00%
Weighted-average expected award life (in years)	1 year	1 year
Dividend yield	3.80%	2.60%
Weighted-average fair value	$ 11.91	$ 15.64

Share-Based Compensation (Optio

Share-Based Compensation (Options Granted Under Stock Option Plans) (Details) shares in Thousands	3 Months Ended
	May 02, 2020$ / sharesshares
Number of Shares
Options outstanding at beginning of year	2,881
Granted	1,069
Exercised	(4)
Expired or cancelled	(44)
Options outstanding at end of period	3,902
Options exercisable at end of period	2,473
Options available for future grant at end of period	5,571
Weighted-Average Exercise Price
Options outstanding at beginning of year | $ / shares	$ 54.21
Granted | $ / shares	21.61
Exercised | $ / shares	15.10
Expired or cancelled | $ / shares	51.02
Options outstanding at end of period | $ / shares	45.35
Options exercisable at end of period | $ / shares	$ 54.67
Options outstanding, weighted-average remaining contractual life	6 years 8 months 12 days
Options exercisable at end of period, Weighted-average remaining contractual life	5 years

Share-Based Compensation (Tot_2

Share-Based Compensation (Total Intrinsic Value of Options Exercised) (Details) - USD ($) $ in Millions	3 Months Ended
	May 02, 2020	May 04, 2019
Intrinsic value of stock options
Exercised	$ 0	$ 5

Share-Based Compensation (Aggre

Share-Based Compensation (Aggregate Intrinsic Value for Stock Options Outstanding and Exercisable) (Details) - USD ($) $ in Millions	May 02, 2020	May 04, 2019
Share-Based Compensation [Abstract]
Outstanding	$ 3	$ 20
Outstanding and exercisable	$ 1	$ 17

Share-Based Compensation (Infor

Share-Based Compensation (Information about Stock Options Outstanding and Exercisable) (Details) - $ / shares shares in Thousands	3 Months Ended
	May 02, 2020	Feb. 01, 2020
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Number of Shares	3,902	2,881
Options outstanding, weighted-average remaining contractual life	6 years 8 months 12 days
Options Outstanding, Weighted-Average Exercise Price	$ 45.35	$ 54.21
Options Exercisable, Number of Shares	2,473
Options Exercisable, Weighted-Average Exercise Price	$ 54.67
$15.10 to $23.09 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit	15.10
Range of Exercise Prices, Upper Limit	$ 23.09
Options Outstanding, Number of Shares	1,181
Options outstanding, weighted-average remaining contractual life	9 years
Options Outstanding, Weighted-Average Exercise Price	$ 21.33
Options Exercisable, Number of Shares	117
Options Exercisable, Weighted-Average Exercise Price	$ 18.84
$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 Limit	24.75
Range of Exercise Prices, Upper Limit	$ 34.75
Options Outstanding, Number of Shares	376
Options outstanding, weighted-average remaining contractual life	2 years 9 months 18 days
Options Outstanding, Weighted-Average Exercise Price	$ 32.13
Options Exercisable, Number of Shares	333
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 Limit	44.78
Range of Exercise Prices, Upper Limit	$ 45.75
Options Outstanding, Number of Shares	563
Options outstanding, weighted-average remaining contractual life	6 years
Options Outstanding, Weighted-Average Exercise Price	$ 44.91
Options Exercisable, Number of Shares	454
Options Exercisable, Weighted-Average Exercise Price	$ 44.94
$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 Limit	46.64
Range of Exercise Prices, Upper Limit	$ 62.11
Options Outstanding, Number of Shares	910
Options outstanding, weighted-average remaining contractual life	6 years 2 months 12 days
Options Outstanding, Weighted-Average Exercise Price	$ 59.95
Options Exercisable, Number of Shares	697
Options Exercisable, Weighted-Average Exercise Price	$ 60.51
$63.33 to $73.21 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit	63.33
Range of Exercise Prices, Upper Limit	$ 73.21
Options Outstanding, Number of Shares	872
Options outstanding, weighted-average remaining contractual life	6 years 2 months 12 days
Options Outstanding, Weighted-Average Exercise Price	$ 68.60
Options Exercisable, Number of Shares	872
Options Exercisable, Weighted-Average Exercise Price	$ 68.60

Share-Based Compensation (Chang

Share-Based Compensation (Changes in Nonvested Options) (Details) - Restricted Stock Units [Member] $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	May 02, 2020USD ($)$ / sharesshares
Number of Shares
Nonvested, Beginning Balance	936
Granted	351
Vested	(54)
Performance adjustment	(132)
Expired or cancelled	(6)	[1]
Nonvested, Ending Balance	1,095
Aggregate value | $	$ 42
Wtg. Avg. remaining contractual life (in years)	1 year 7 months 6 days
Weighted-Average Grant Date Fair Value per Share
Nonvested, Beginning Balance | $ / shares	$ 49.25
Granted | $ / shares	21.61
Vested | $ / shares	68.78
Cancelled | $ / shares	39.22	[1]
Nonvested, Ending Balance | $ / shares	$ 38.65
[1]	This represents adjustments made to performance-based RSU awards and reflect changes in estimates based upon our current performance against predefined financial targets.

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) $ in Millions	3 Months Ended
	May 02, 2020USD ($)
Income Taxes [Abstract]
Other Income Tax Expense (Benefit), Continuing Operations	$ 5
Effective Income Tax Rate Continuing Operations	(4.90%)
Tax charge related to the revaluation of intellectual property rights	$ 27

Subsequent Events (Details)

Subsequent Events (Details)	1 Months Ended
	Jun. 09, 2020store
Subsequent Event [Member]
Number of stores temporarily closed	130