Foot Locker (FL) 10-Q 7 Sep 22 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jul. 30, 2022	Aug. 26, 2022
Document And Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Jul. 30, 2022
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		93,301,646
Entity Central Index Key	0000850209
Current Fiscal Year End Date	--01-28
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
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	Jul. 30, 2022	Jan. 29, 2022	[1]	Jul. 31, 2021
Current assets:
Cash and cash equivalents	$ 386	$ 804		$ 1,845
Merchandise inventories	1,644	1,266		1,081
Other current assets	285	293		252
Assets, current, total	2,315	2,363		3,178
Property and equipment, net	899	917		743
Operating lease right-of-use assets	2,526	2,616		2,569
Deferred taxes	74	86		108
Goodwill	773	797		158
Other intangible assets, net	432	454		16
Minority investments	736	781		728
Other assets	113	121		85
Total assets	7,868	8,135		7,585
Current liabilities:
Accounts payable	596	596		539
Accrued and other liabilities	435	561		474
Current portion of obligations under finance leases	6	6		102
Operating lease liabilities classified as current	548	572		566
Liabilities, current, total	1,585	1,735		1,681
Long-term debt and obligations under finance leases	449	451		10
Long-term lease obligations	2,287	2,363		2,363
Other liabilities	330	343		190
Total liabilities	4,651	4,892		4,244
Shareholders' equity:
Common stock and paid-in capital: 99,319,014; 104,515,702; and 99,070,796 shares issued, respectively	788	770		799
Retained earnings	3,051	2,900		2,916
Accumulated other comprehensive loss	(416)	(343)		(338)
Less: Treasury stock at cost: 6,018,197; 714,490; and 2,050,000 shares, respectively	(213)	(88)		(41)
Noncontrolling interest	7	4		5
Total shareholders' equity	3,217	3,243		3,341
Liabilities and equity, total	$ 7,868	$ 8,135		$ 7,585
[1] The balance sheet at January 29, 2022 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 January 29, 2022.

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Jul. 30, 2022	Jan. 29, 2022	Jul. 31, 2021
CONSOLIDATED BALANCE SHEETS [Abstract]
Common Stock, Shares Outstanding, Issued, Total	99,319,014	99,070,796	104,515,702
Treasury Stock, Shares	6,018,197	2,050,000	714,490

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]
Sales	$ 2,065	$ 2,275	$ 4,240	$ 4,428
Cost of sales	1,411	1,477	2,846	2,881
Selling, general and administrative expenses	452	450	915	868
Depreciation and amortization	51	48	105	93
Impairment and other charges	12	36	18	40
Income from operations	139	264	356	546
Interest (expense) income, net	(5)	(2)	(10)	(4)
Other (expense) / income, net	9	325	(13)	329
Income before income taxes	143	587	333	871
Income tax expense	49	157	107	239
Net Income	94	430	226	632
Net loss attributable to noncontrolling interests			1
Net income attributable to Foot Locker, Inc.	$ 94	$ 430	$ 227	$ 632
Basic earnings per share	$ 1	$ 4.14	$ 2.39	$ 6.10
Weighted-average shares outstanding	94.1	103.8	95.1	103.7
Diluted earnings per share	$ 0.99	$ 4.09	$ 2.36	$ 6.02
Weighted-average shares outstanding, assuming dilution	95.1	105.2	96.1	105.1

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income attributable to Foot Locker, Inc.	$ 94	$ 430	$ 227	$ 632
Foreign currency translation adjustment:
Translation adjustment arising during the period, net of income tax (benefit)/expense of $-, $-, $(1) and $1, respectively	(31)	(14)	(75)	(10)
Cash flow hedges:
Change in fair value of derivatives, net of income tax benefit of $-, $-, $-, 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 $-, $-, $1 and $1, respectively	2	2	4	3
Comprehensive income (loss)	$ 62	$ 418	$ 154	$ 625

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income tax benefit on translation adjustment	$ 0	$ 0	$ (1)	$ 1
Change in fair value of derivatives, income tax benefit	0	0	0	0
Amortization of net actuarial gain/loss and prior service cost included in net periodic benefit costs, income tax expense	$ 0	$ 0	$ 1	$ 1

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Millions	Additional Paid-In Capital & Common Stock	Treasury Stock [Member]	Retained Earnings	Accumulated Other Comprehensive Loss [Member]	Noncontrolling Interest [Member]	Total
Cumulative effect of the adoption new ASUs	$ 779	$ (3)	$ 2,326	$ (331)	$ 5	$ 2,776
Beginning Balance at Jan. 30, 2021	$ 779	$ (3)	2,326	(331)	5	2,776
Beginning Balance (in shares) at Jan. 30, 2021	103,693,000
Beginning Balance (in treasury shares) at Jan. 30, 2021		(74,000)
Restricted stock issued (in shares)	479,000
Issued under director and stock plans	$ 11					11
Issued under director and stock plans (in shares)	344,000
Share-based compensation expense	$ 16					16
Shares of common stock used to satisfy tax withholding obligations		$ (11)				(11)
Shares of common stock used to satisfy tax withholding obligations (in shares)		(195,000)
Share repurchases		$ (41)				(41)
Share repurchases (in shares)		(746,000)
Reissued - employee stock purchase plan	(7)	$ 14				7
Reissued - employee stock purchase plan (in shares)		301,000
Net income			632			632
Cash dividends declared on common stock			(42)			(42)
Translation adjustment, net of tax				(10)		(10)
Pension and postretirement adjustments, net of tax				3		3
Ending Balance at Jul. 31, 2021	$ 799	$ (41)	2,916	(338)	5	$ 3,341
Ending Balance (in shares) at Jul. 31, 2021	104,516,000					104,515,702
Ending Balance (in treasury shares) at Jul. 31, 2021		(714,000)				(714,490)
Cumulative effect of the adoption new ASUs	$ 791	$ (47)	2,507	(326)	5	$ 2,930
Beginning Balance at May. 01, 2021	$ 791	$ (47)	2,507	(326)	5	2,930
Beginning Balance (in shares) at May. 01, 2021	104,286,000
Beginning Balance (in treasury shares) at May. 01, 2021		(887,000)
Restricted stock issued (in shares)	11,000
Issued under director and stock plans	$ 7					7
Issued under director and stock plans (in shares)	219,000
Share-based compensation expense	$ 8					8
Shares of common stock used to satisfy tax withholding obligations		$ (1)				(1)
Shares of common stock used to satisfy tax withholding obligations (in shares)		(3,000)
Share repurchases		$ (7)				(7)
Share repurchases (in shares)		(125,000)
Reissued - employee stock purchase plan	(7)	$ 14				7
Reissued - employee stock purchase plan (in shares)		301,000
Net income			430			430
Cash dividends declared on common stock			(21)			(21)
Translation adjustment, net of tax				(14)		(14)
Pension and postretirement adjustments, net of tax				2		2
Ending Balance at Jul. 31, 2021	$ 799	$ (41)	2,916	(338)	5	$ 3,341
Ending Balance (in shares) at Jul. 31, 2021	104,516,000					104,515,702
Ending Balance (in treasury shares) at Jul. 31, 2021		(714,000)				(714,490)
Cumulative effect of the adoption new ASUs	$ 799	$ (41)	2,916	(338)	5	$ 3,341
Cumulative effect of the adoption new ASUs	770	(88)	2,900	(343)	4	3,243	[1]
Beginning Balance at Jan. 29, 2022	$ 770	$ (88)	2,900	(343)	4	$ 3,243	[1]
Beginning Balance (in shares) at Jan. 29, 2022	99,071,000					99,070,796
Beginning Balance (in treasury shares) at Jan. 29, 2022		(2,050,000)				(2,050,000)
Restricted stock issued (in shares)	111,000
Issued under director and stock plans	$ 4					$ 4
Issued under director and stock plans (in shares)	137,000
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)		(38,000)
Share repurchases		$ (129)				(129)
Share repurchases (in shares)		(4,050,000)
Reissued - employee stock purchase plan	(2)	$ 5				3
Reissued - employee stock purchase plan (in shares)		120,000
Noncontrolling interest capital contribution					4	4
Net income			227		(1)	226
Cash dividends declared on common stock			(76)			(76)
Translation adjustment, net of tax				(75)		(75)
Change in cash flow hedges, net of tax				(2)		(2)
Pension and postretirement adjustments, net of tax				4		4
Ending Balance at Jul. 30, 2022	$ 788	$ (213)	3,051	(416)	7	$ 3,217
Ending Balance (in shares) at Jul. 30, 2022	99,319,000					99,319,014
Ending Balance (in treasury shares) at Jul. 30, 2022		(6,018,000)				(6,018,197)
Cumulative effect of the adoption new ASUs	$ 779	$ (178)	2,995	(384)	3	$ 3,215
Beginning Balance at Apr. 30, 2022	$ 779	$ (178)	2,995	(384)	3	3,215
Beginning Balance (in shares) at Apr. 30, 2022	99,233,000
Beginning Balance (in treasury shares) at Apr. 30, 2022		(4,732,000)
Restricted stock issued (in shares)	23,000
Issued under director and stock plans	$ 2					2
Issued under director and stock plans (in shares)	63,000
Share-based compensation expense	$ 9					9
Shares of common stock used to satisfy tax withholding obligations (in shares)		(6,000)
Share repurchases		$ (40)				(40)
Share repurchases (in shares)		(1,400,000)
Reissued - employee stock purchase plan	(2)	$ 5				3
Reissued - employee stock purchase plan (in shares)		120,000
Noncontrolling interest capital contribution					4	4
Net income			94			94
Cash dividends declared on common stock			(38)			(38)
Translation adjustment, net of tax				(31)		(31)
Change in cash flow hedges, net of tax				(3)		(3)
Pension and postretirement adjustments, net of tax				2		2
Ending Balance at Jul. 30, 2022	$ 788	$ (213)	3,051	(416)	7	$ 3,217
Ending Balance (in shares) at Jul. 30, 2022	99,319,000					99,319,014
Ending Balance (in treasury shares) at Jul. 30, 2022		(6,018,000)				(6,018,197)
Cumulative effect of the adoption new ASUs	$ 788	$ (213)	$ 3,051	$ (416)	$ 7	$ 3,217
[1] The balance sheet at January 29, 2022 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 January 29, 2022.

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividends declared on common stock, per share	$ 0.40	$ 0.20	$ 0.80	$ 0.40

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021
From operating activities:
Net income	$ 226	$ 632
Adjustments to reconcile net income to net cash provided by operating activities:
Non-cash impairment and other charges	5	45
Fair value adjustments to minority investments	38	(314)
Depreciation and amortization	105	93
Deferred income taxes	8	67
Share-based compensation expense	16	16
Gain on disposal of business	(18)
Change in assets and liabilities:
Merchandise inventories	(413)	(163)
Accounts payable	10	139
Accrued and other liabilities	(69)	(12)
Insurance receivable for inventory loss		8
Other, net	(10)	(109)
Net cash (used in) provided by operating activities	(102)	402
From investing activities:
Capital expenditures	(156)	(87)
Purchase of business, net of cash acquired	(12)
Minority investments	(4)	(78)
Proceeds from sale of business	47
Proceeds from minority investments	12
Proceeds from sale of property		3
Insurance proceeds related to loss on property and equipment		3
Net cash used in investing activities	(113)	(159)
From financing activities:
Purchase of treasury shares	(129)	(41)
Dividends paid on common stock	(76)	(42)
Payment of obligations under finance leases	(3)	(1)
Shares of common stock repurchased to satisfy tax withholding obligations	(1)	(11)
Treasury stock reissued under employee stock plan	3	7
Proceeds from exercise of stock options	3	10
Contribution from non-controlling interest	4
Repayment of the revolving credit facility		(1)
Net cash used in financing activities	(199)	(79)
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash	(5)	(1)
Net change in cash, cash equivalents, and restricted cash	(419)	163
Cash, cash equivalents, and restricted cash at beginning of year	850	1,718
Cash, cash equivalents, and restricted cash at end of period	431	1,881
Cash paid during the year:
Interest	8	6
Income taxes	103	229
Cash paid for amounts included in measurement of operating lease liabilities:	354	358
Non-cash investing and financing activities:
Right-of-use assets obtained in exchange for lease obligations:	277	171
Assets obtained in exchange for finance lease obligations	$ 1	$ 4

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jul. 30, 2022
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 the Unaudited Condensed Consolidated Financial Statements, 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 U.S. 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 July 30, 2022 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 2022. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Notes to Consolidated Financial Statements contained in our 2021 Form 10-K. There were no significant changes to the policies disclosed in Note 1, Summary of Significant Accounting Policies Recent Accounting Pronouncements Recently issued accounting pronouncements did not, or are not believed by management to, have a material effect on our present or future consolidated financial statements.

Acquisition

Acquisition	6 Months Ended
	Jul. 30, 2022
Business Combinations [Abstract]
Acquisition	2. Acquisitions In 2021, we acquired WSS and atmos, two businesses that will allow us to further differentiate our product offerings, as well as our customer base, and diversify our retail store and omnichannel portfolio. WSS During the twenty-six weeks ended July 30, 2022, we paid an additional $4 million upon the finalization of the value of net assets acquired, with a corresponding increase to goodwill as compared with the amounts presented in the most recent annual report. The aggregate purchase price for the acquisition has increased to $811 million ($741 million, net of cash acquired). There were no additional payments or changes to the value of net assets acquired in the thirteen weeks ended July 30, 2022. ​ 2. Acquisitions (continued) The following table represents the final allocation of the purchase price for WSS. ​ ​ ​ ​ ($ in millions) ​ Assets acquired: ​ Cash and cash equivalents ​ $ 70 Merchandise inventories ​ 82 Other current assets ​ 10 Property and equipment, net ​ 133 Operating lease right-of-use assets ​ ​ 143 Tradenames ​ 296 Customer relationships ​ ​ 13 Other assets ​ 4 Liabilities assumed: ​ Accounts payable ​ $ (58) Current portion of obligations under finance leases ​ ​ (3) Current portion of lease obligations ​ ​ (19) Long-term portion of obligations under finance leases ​ ​ (50) Long-term lease obligations ​ ​ (127) Deferred taxes ​ ​ (84) Other liabilities ​ (4) ​ ​ ​ ​ Goodwill ​ ​ 405 Total purchase price ​ $ 811 ​ atmos During the thirteen and twenty-six weeks ended July 30, 2022, we paid an additional $5 million and $8 million, respectively, in connection with the finalization of certain post-closing conditions. The aggregate purchase price for the acquisition has increased to $368 million, subject to adjustment for the finalization of the value of net assets acquired and other post-closing matters. The preliminary purchase price includes contingent consideration initially measured at $35 million, which can reach up to $111 million based on achieving certain revenue growth and EBITDA performance targets. The fair value of the contingent consideration has not changed from the initial measurement. The preliminary purchase price does not yet reflect the finalization of the net working capital provisions and other post-closing adjustments. At closing, we placed $30 million in escrow, and an additional $6 million will be payable if certain post-closing conditions are satisfied. We expect to finalize the remaining amounts by the end of this fiscal year. The following table represents the preliminary allocation of the purchase price for atmos and includes fair value adjustments to certain assets and liabilities since our most recent annual report. Changes to amounts reported at year end and the previous quarter included an $8 million increase in goodwill due to the additional purchase price, revised downward valuation of the tradenames and the addition of the customer list intangible. The adjustments did not have a significant effect on the consolidated results of operations. We determined that the atmos tradenames will have an indefinite life and will not be amortized. We are assessing the tax deductibility of the goodwill related to the acquisition. ​ 2. Acquisitions (continued) The following table represents the preliminary allocation of the purchase price for atmos. ​ ​ ​ ​ ​ ($ in millions) ​ Assets acquired: ​ Cash and cash equivalents ​ $ 6 Merchandise inventories ​ 22 Other current assets ​ 12 Property and equipment, net ​ 7 Operating lease right-of-use assets ​ ​ 44 Tradenames ​ 130 Customer relationships ​ ​ 9 Other assets ​ 6 Liabilities assumed: ​ ​ Accounts payable ​ $ (10) Current portion of lease obligations ​ ​ (10) Other current liabilities ​ ​ (8) Long-term lease obligations ​ ​ (35) Deferred taxes ​ ​ (44) Other liabilities ​ (8) ​ ​ ​ ​ Goodwill (1) ​ ​ 247 Total purchase price (2) ​ $ 368 ​ (1) Goodwill represented on this table is at the exchange rate in effect as of the date of acquisition. (2) Total purchase price consists of $333 million in cash and $35 million of contingent consideration .

Revenue

Revenue	6 Months Ended
	Jul. 30, 2022
Revenue [Abstract]
Revenue	3. Revenue The table below presents sales disaggregated based upon sales channel. Sales are attributable to the channel in which the sales transaction is initiated. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended Twenty-six weeks ended ​ ​ July 30, ​ July 31, ​ July 30, ​ July 31, ($ in millions) 2022 2021 2022 2021 Sales by Channel ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stores ​ $ 1,716 ​ $ 1,817 ​ $ 3,492 ​ $ 3,437 Direct-to-customers ​ 349 ​ 458 ​ 748 ​ 991 Total sales ​ $ 2,065 ​ $ 2,275 ​ $ 4,240 ​ $ 4,428 ​ Sales disaggregated based upon geographic area are presented in the table below. Sales are attributable to the geographic area in which the sales transaction is fulfilled. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Twenty-six weeks ended ​ ​ July 30, ​ July 31, ​ July 30, ​ July 31, ($ in millions) 2022 2021 2022 2021 Sales by Geography ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 1,383 ​ $ 1,623 ​ $ 2,923 ​ $ 3,336 International ​ 682 ​ 652 ​ 1,317 ​ 1,092 Total sales ​ $ 2,065 ​ $ 2,275 ​ $ 4,240 ​ $ 4,428 ​ 3. Revenue (continued) 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ July 30, ​ July 31, ($ in millions) ​ 2022 ​ 2021 Gift card liability at beginning of year ​ $ 46 ​ $ 41 Redemptions ​ ​ (120) ​ ​ (122) Breakage recognized in sales ​ ​ (8) ​ ​ (9) Activations ​ ​ 115 ​ ​ 128 Foreign currency fluctuations ​ ​ (1) ​ ​ — Gift card liability ​ $ 32 ​ $ 38 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	6 Months Ended
	Jul. 30, 2022
Segment Information [Abstract]
Segment Information	4. Segment Information We have integrated all available shopping channels including stores, websites, apps, and social channels. Store sales are primarily fulfilled from the store’s inventory, but may also be shipped from any of our distribution centers or from a different store location if an item is not available at the original store. Direct-to-customer orders are generally shipped to our customers through our distribution centers but may also be shipped from any store or a combination of our distribution centers and stores depending on availability. We evaluate performance based on several factors, primarily the banner’s financial results, referred to as division profit. Division profit reflects income before income taxes, impairment and other charges, corporate expense, non-operating income, and net interest expense. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Twenty-six weeks ended ​ ​ July 30, ​ July 31, ​ July 30, ​ July 31, ($ in millions) 2022 2021 2022 2021 Sales ​ $ 2,065 ​ $ 2,275 ​ $ 4,240 ​ $ 4,428 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Results ​ ​ ​ ​ Division profit ​ ​ 184 ​ ​ 332 ​ $ 444 ​ $ 647 Less: Impairment and other charges (1) ​ 12 ​ 36 ​ 18 ​ 40 Less: Corporate expense (2) ​ 33 ​ 32 ​ 70 ​ 61 Income from operations ​ 139 ​ 264 ​ 356 ​ 546 Interest expense, net ​ (5) ​ (2) ​ (10) ​ (4) Other income / (expense), net (3) ​ 9 ​ 325 ​ (13) ​ 329 Income before income taxes ​ $ 143 ​ $ 587 ​ $ 333 ​ $ 871 (1) See Note 5, Impairment and Other Charges for further detail. (2) Corporate expense consists of unallocated selling, general and administrative expenses, as well as depreciation and amortization related to our corporate headquarters, centrally managed departments, unallocated insurance and benefit programs, certain foreign exchange transaction gains and losses, and other items. (3) Other income / (expense), net for the thirteen weeks and twenty-six weeks ended July 30, 2022 represented primarily the loss on the change in fair value of our investment in Retailors, Ltd., a publicly-listed entity, which was partially offset by other income. See Note 6, Other Income / (Expense), net . ​

Impairment and Other Charges

Impairment and Other Charges	6 Months Ended
	Jul. 30, 2022
Impairment and Other Charges [Abstract]
Impairment and Other Charges	5. Impairment and Other Charges ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Twenty-six weeks ended ​ ​ ​ July 30, ​ July 31, ​ July 30, ​ July 31, ​ ($ in millions) 2022 2021 2022 2021 ​ Transformation consulting ​ $ 9 ​ $ — ​ $ 10 ​ $ — ​ Impairment of long-lived assets and right-of-use assets ​ ​ 2 ​ ​ 39 ​ ​ 5 ​ ​ 39 ​ Acquisition and integration costs ​ ​ 1 ​ ​ — ​ ​ 3 ​ ​ — ​ Lease termination costs ​ ​ — ​ ​ 4 ​ ​ — ​ ​ 4 ​ Impairment of investments ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ Reorganization costs ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ Insurance recovery ​ ​ — ​ ​ (7) ​ ​ — ​ ​ (7) ​ Total impairment and other charges ​ $ 12 ​ $ 36 ​ $ 18 ​ $ 40 ​ ​ For the thirteen and twenty-six weeks ended July 30, 2022, we incurred $9 million and $10 million of transformation consulting expense, respectively. We recorded impairment charges of $2 million and $5 million related to long-lived assets and right-of-use assets, as well as accelerated tenancy charges for the thirteen and twenty-six weeks ended July 30, 2022, respectively. Additionally, we recorded $1 million and $3 million in acquisition and integration costs related to WSS and atmos for the thirteen and twenty-six weeks ended July 30, 2022, respectively. For the thirteen and twenty-six weeks ended July 31, 2021, we recorded impairment charges of $39 million, related to the decision to exit the Footaction banner. For the thirteen and twenty-six weeks ended July 31, 2021, we recorded charges of $4 million in lease-related termination costs, offset by $7 million of insurance recovery income related to 2020 social unrest losses. For the twenty-six weeks ended July 31, 2021, we recorded an impairment charge of $2 million related to the underperformance of one of our minority investments, and a severance charge of $2 million in connection with the reorganization of certain support functions.

Other Income (Expense), net

Other Income (Expense), net	6 Months Ended
	Jul. 30, 2022
Other Income [Abstract]
Other Income (Expense), net	6. Other Income / (Expense), net Effective June 27, 2022, the Company reached a definitive agreement to sell all assets related to the Eastbay Team Sales business, consisting primarily of inventory and accounts receivable. We received proceeds of $47 million from the transaction, resulting in a gain of $18 million, reported in other income / (expense), net.

Cash, Cash Equivalents, and Res

Cash, Cash Equivalents, and Restricted Cash	6 Months Ended
	Jul. 30, 2022
Restricted Cash [Abstract]
Cash, Cash Equivalents, and Restricted Cash	7. Cash, Cash Equivalents, and Restricted Cash The table below provides a reconciliation of cash and cash equivalents, as reported on our Condensed Consolidated Balance Sheets, to cash, cash equivalents, and restricted cash, as reported on our Condensed Consolidated Statements of Cash Flows. ​ ​ ​ ​ ​ ​ ​ ​ ​ July 30, ​ July 31, ($ in millions) 2022 2021 Cash and cash equivalents ​ $ 386 ​ $ 1,845 Restricted cash included in other current assets ​ ​ 7 ​ ​ 7 Restricted cash included in other non-current assets ​ ​ 38 ​ ​ 29 Cash, cash equivalents, and restricted cash ​ $ 431 ​ $ 1,881 ​ 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	6 Months Ended
	Jul. 30, 2022
Goodwill and Other Intangible Assets, Net [Abstract]
Goodwill	8. Goodwill See footnote 2, Acquisitions In conjunction with the sale of the Eastbay Team Sales business, we allocated $6 million of goodwill to the assets sold, representing the allocable share of the fair value of the reporting unit disposed of. 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. The results of the first quarter analysis did not result in an impairment since the fair value of each reporting unit exceeded its carrying value.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jul. 30, 2022
Accumulated Other Comprehensive Loss [Abstract]
Comprehensive Income (Loss) Note [Text Block]	10. Accumulated Other Comprehensive Loss Accumulated other comprehensive loss (“AOCL”), net of tax, is comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 30, ​ July 31, ​ January 29, ($ in millions) 2022 2021 2022 Foreign currency translation adjustments ​ $ (182) ​ $ (74) ​ $ (107) Hedge contracts ​ (2) ​ (1) ​ ​ — Unrecognized pension cost and postretirement benefit ​ (232) ​ (263) ​ ​ (236) ​ ​ $ (416) ​ $ (338) ​ $ (343) ​ The changes in AOCL for the twenty-six weeks ended July 30, 2022 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign ​ ​ ​ ​ Items Related ​ ​ ​ ​ ​ Currency ​ ​ ​ ​ to Pension and ​ ​ ​ ​ ​ Translation ​ ​ ​ Postretirement ​ ​ ​ ($ in millions) Adjustments Hedges Benefits Total Balance as of January 29, 2022 ​ $ (107) ​ ​ — ​ $ (236) ​ $ (343) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OCI before reclassification ​ (75) ​ ​ 2 ​ ​ — ​ (73) Reclassification of hedges, net of tax ​ ​ — ​ ​ (4) ​ ​ — ​ ​ (4) Amortization of pension actuarial loss, net of tax ​ — ​ ​ — ​ ​ 4 ​ 4 Other comprehensive income ​ (75) ​ (2) ​ 4 ​ (73) Balance as of July 30, 2022 ​ $ (182) ​ $ (2) ​ $ (232) ​ $ (416) ​ Reclassifications from AOCL for the twenty-six weeks ended July 30, 2022 were as follows: ​ ​ ​ ​ ($ in millions) ​ Reclassification of hedge loss: ​ Cross-currency swap ​ $ (4) Income tax ​ ​ — Reclassification of hedges, net of tax ​ $ (4) ​ ​ ​ ​ Amortization of actuarial loss: ​ ​ ​ Pension benefits ​ $ 5 Income tax benefit ​ (1) Amortization of actuarial loss, net of tax ​ $ 4 Total, net of tax ​ $ — ​

Other Intangible Assets, Net

Other Intangible Assets, Net	6 Months Ended
	Jul. 30, 2022
Goodwill and Other Intangible Assets, Net [Abstract]
Other Intangible Assets, Net	9. Other Intangible Assets, net The components of finite-lived intangible assets and intangible assets not subject to amortization are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 30, 2022 ​ ​ July 31, 2021 ​ ​ Gross ​ Accum. ​ Net ​ Gross ​ Accum. ​ Net ($ in millions) ​ value ​ amort. ​ value ​ value ​ amort. ​ value Amortized intangible assets: (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lease acquisition costs ​ $ 97 ​ $ (95) ​ $ 2 ​ $ 116 ​ $ (112) ​ $ 4 Trademarks/tradenames (2) ​ ​ 18 ​ ​ (18) ​ ​ — ​ ​ 20 ​ ​ (17) ​ ​ 3 Customer lists ​ ​ 20 ​ ​ (5) ​ ​ 15 ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 135 ​ $ (118) ​ $ 17 ​ $ 136 ​ $ (129) ​ $ 7 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indefinite life intangible assets: (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trademarks/tradenames ​ ​ ​ ​ ​ ​ ​ $ 415 ​ ​ ​ ​ ​ ​ ​ $ 9 Other intangible assets, net ​ ​ ​ ​ ​ ​ ​ $ 432 ​ ​ ​ ​ ​ ​ ​ $ 16 (1) The change in the ending balances also 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 2021, we recorded a non-cash impairment charge related to the Footaction tradename. In connection with the acquisitions of WSS and atmos, we recognized indefinite life intangible assets of $296 million for WSS related tradenames and $130 million for atmos related tradenames. Additionally, we recognized customer list intangible assets of $13 million for WSS and $9 million for atmos, both of which will be amortized over 3 years. The intangibles related to atmos were originally recorded at the exchange rate in effect as of the date of acquisition and are presented in the above table at current period exchange rates. Amortizing intangible assets primarily represent the WSS and atmos customer lists, and lease acquisition costs, which are amounts that are required to secure prime lease locations and other lease rights, primarily in Europe. Amortization expense recorded is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ ​ Twenty-six weeks ended ​ ​ July 30, ​ July 31, ​ July 30, ​ July 31, ​ ($ in millions) 2022 2021 2022 2021 Amortization expense ​ $ 2 ​ $ 1 ​ $ 5 ​ $ 2 ​ ​ 9. Other Intangible Assets, net (continued) Estimated future amortization expense for finite-life intangible assets is as follows: ​ ​ ​ ​ ($ in millions) ​ Remainder of 2022 ​ $ 4 2023 ​ ​ 7 2024 ​ 5 2025 ​ ​ 1 ​ ​

Financial Instruments and Risk

Financial Instruments and Risk Management	6 Months Ended
	Jul. 30, 2022
Financial Instruments and Risk Management [Abstract]
Financial Instruments and Risk Management	11. Financial Instruments and Risk Management Fair Value Hedge On May 6, 2022, we entered into a cross-currency swap contract to reduce the effect of the fluctuating U.S. Dollar (“USD”) to Japanese Yen (“JPY”) foreign exchange rate on our foreign currency-denominated intercompany loan between our Japanese and U.S. subsidiary. We expect the gains and losses on this contract to offset losses and gains on the hedged transaction in an effort to reduce the earnings volatility resulting from the remeasurement of the principal and interest accrued on the loan. Though the intercompany loan eliminates in consolidation, the foreign currency remeasurement of the loan and interest by the U.S. subsidiary is reflected in the consolidated financial statements. The cross-currency swap contract has a notional amount of JPY 11 billion and final receipt of $85 million. The cross-currency swap contract, which matures on November 2, 2031, swaps Yen-denominated interest payments for U.S. dollar-denominated interest payments, thereby economically converting the JPY 11 billion fixed-rate 3.51% intercompany loan to a fixed-rate 6.77% USD-denominated receivable for our U.S. subsidiary. We designated the cross-currency swap contract to hedge the changes in value of the intercompany loan and its variability on earnings. We will apply fair value hedge accounting, and we will consider market factors other than the change in the spot exchange rate on the notional amount of the swap to be excluded components. The foreign currency spot rate fluctuations on the cross-currency swap notional amount and interest accruals are reported in earnings each period, while all other changes are reported in other comprehensive income. Because the terms of the hedged item and the hedging instrument match and the likelihood of swap counterparty default is not probable, the hedge is expected to exactly offset changes in the fair value of the foreign currency debt resulting from to foreign currency fluctuations over the term of the swap. As of July 30, 2022, the cross-currency swap had a fair value of $1 million and was included in other assets. We record the changes in the fair value of the contract to AOCL. Each period, we reclassify an amount out of AOCL equal to the remeasurement gain or loss on the hedged intercompany loan that is recorded in selling, general and administrative expenses. As of July 30, 2022, there was $3 million in AOCL, net of tax, related to the cross-currency swap. In addition, we recognize swap interest income based on the differential in fixed interest rates per the contract. For the thirteen and twenty-six weeks ended July 30, 2022, we recorded $1 million of income in interest expense, net. Refer to Note 10 for further information regarding amounts recorded in AOCL.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jul. 30, 2022
Fair Value Measurements [Abstract]
Fair Value Measurements	12. 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. 12. Fair Value Measurements (continued) In 2021, we invested $68 million to take a common stock minority stake in a public entity, Retailors, Ltd, which is traded on the Tel Aviv stock exchange. This investment is classified as a Level 1 instrument since the fair value is readily available in an active market. The fair value of the auction rate security, classified as available-for-sale, is determined by using quoted prices for similar instruments in active markets and accordingly is classified as a Level 2 instrument. The fair value of the contingent consideration liability associated with the atmos acquisition is estimated using an option pricing model simulation that determines an average projected payment value across numerous iterations. Our derivative financial instruments are valued using market-based inputs to valuation models. These valuation models require a variety of inputs, including contractual terms, market prices, yield curves, and measures of volatility and, therefore, are classified as Level 2 instruments. Assets and Liabilities Measured at Fair Value on a Recurring Basis ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ($ in millions) ​ As of July 30, 2022 ​ As of July 31, 2021 ​ Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets ​ ​ ​ ​ ​ ​ Minority investment in common stock ​ $ 107 ​ $ — ​ $ — ​ $ 92 ​ $ — ​ $ — Available-for-sale security ​ ​ — ​ ​ 6 ​ ​ — ​ ​ — ​ ​ 7 ​ ​ — Foreign exchange forward contracts ​ — ​ 1 ​ — ​ — ​ 1 ​ — Cross-currency swap contract ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total assets ​ $ 107 ​ $ 8 ​ $ — ​ $ 92 ​ $ 8 ​ $ — Liabilities ​ ​ ​ ​ ​ ​ Contingent consideration ​ — ​ — ​ 35 ​ — ​ — ​ — Foreign exchange forward contracts ​ — ​ — ​ — ​ — ​ 2 ​ — Total liabilities ​ $ — ​ $ — ​ $ 35 ​ $ — ​ $ 2 ​ $ — ​ 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 investments measured using the fair value measurement alternative had a carrying value of $579 million and $612 million as of July 30, 2022 and July 31, 2021, respectively. 12. Fair Value Measurements (continued) 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 balance as of July 30, 2022 includes the $400 million 4% Notes. The carrying value and estimated fair value of long-term debt were as follows: ​ ​ ​ ​ ​ ​ ​ ($ in millions) July 30, 2022 July 31, 2021 Carrying value (1) ​ $ 394 ​ $ 99 Fair value ​ $ 313 ​ $ 102 (1) The carrying value of debt as of July 30, 2022 reflects $6 million of issuer’s discount and costs related to the 4% Notes. The carrying values of cash and cash equivalents, and other current receivables and payables approximate their fair value.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jul. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	13. Earnings Per Share We account for earnings per share (“EPS”) using the treasury stock method. Basic EPS is computed by dividing net income for the period by the weighted-average number of common shares outstanding at the end of the period. Diluted earnings per share reflects the weighted-average number of common shares outstanding during the period used in the basic EPS computation plus dilutive common stock equivalents. The computation of diluted earnings per share does not assume conversion, exercise, or contingent issuance of securities that would have an anti-dilutive effect on EPS. The computation of basic and diluted EPS is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Twenty-six weeks ended ​ ​ July 30, ​ July 31, ​ July 30, ​ July 31, (in millions, except per share data) 2022 2021 2022 2021 Net income attributable to Foot Locker, Inc. ​ $ 94 ​ $ 430 ​ $ 227 ​ $ 632 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average common shares outstanding ​ 94.1 ​ 103.8 ​ 95.1 ​ 103.7 Dilutive effect of potential common shares ​ 1.0 ​ 1.4 ​ 1.0 ​ 1.4 Weighted-average common shares outstanding assuming dilution ​ 95.1 ​ 105.2 ​ 96.1 ​ 105.1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per share - basic ​ $ 1.00 ​ $ 4.14 ​ $ 2.39 ​ $ 6.10 Earnings per share - diluted ​ $ 0.99 ​ $ 4.09 ​ $ 2.36 ​ $ 6.02 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Anti-dilutive share-based awards excluded from diluted calculation ​ 2.8 ​ 1.5 ​ 2.7 ​ 1.7 ​ Performance stock units related to our long-term incentive programs of 0.8 million and 0.6 million have been excluded from diluted weighted-average shares for the periods ended July 30, 2022 and July 31, 2021, respectively. The issuance of these shares is contingent on our performance metrics as compared to the pre-established performance goals, which have not been achieved.

Pension

Pension	6 Months Ended
	Jul. 30, 2022
Retirement Plans and Other Benefits [Abstract]
Retirement Plans and Other Benefits	14. Pension The components of net periodic pension benefit expense are presented in the table below. Service cost is recognized as part of SG&A expense, while the other components are recognized as part of Other income / (expense), net. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Twenty-six weeks ended ​ ​ ​ July 30, ​ ​ July 31, ​ ​ July 30, ​ ​ July 31, ($ in millions) ​ ​ 2022 ​ ​ 2021 ​ ​ 2022 ​ ​ 2021 Service cost ​ $ 3 ​ $ 4 ​ $ 7 ​ $ 8 Interest cost ​ ​ 5 ​ 5 ​ ​ 10 ​ ​ 9 Expected return on plan assets ​ ​ (7) ​ (8) ​ ​ (15) ​ ​ (17) Amortization of net loss ​ ​ 3 ​ 2 ​ ​ 5 ​ ​ 5 Net benefit expense ​ $ 4 ​ $ 3 ​ $ 7 ​ $ 5 ​

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jul. 30, 2022
Share-Based Compensation [Abstract]
Share-Based Compensation	15. 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 ​ Twenty-six weeks ended ​ ​ July 30, ​ July 31, ​ July 30, ​ July 31, ($ in millions) ​ 2022 ​ 2021 ​ 2022 ​ 2021 Options and employee stock purchase plan ​ $ 2 ​ $ 2 ​ $ 3 ​ $ 4 Restricted stock units and performance stock units ​ 7 ​ 6 ​ 13 ​ 12 Total share-based compensation expense ​ $ 9 ​ $ 8 ​ $ 16 ​ $ 16 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tax benefit recognized ​ $ 1 ​ $ 1 ​ $ 2 ​ $ 2 ​ Valuation Model and Assumptions We use the Black-Scholes option-pricing model to estimate the fair value of options and the stock purchase plan. The Black-Scholes option-pricing model incorporates various and subjective assumptions, including expected term and expected volatility. The table below shows assumptions used to compute share-based compensation expense for awards granted during the twenty-six weeks ended July 30, 2022 and July 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock Option Plans ​ ​ Stock Purchase Plan ​ ​ ​ July 30, ​ July 31, ​ July 30, ​ July 31, ​ ​ 2022 2021 2022 2021 Weighted-average risk free rate of interest ​ 2.3 % ​ 0.9 % ​ 0.4 % ​ 0.2 % Expected volatility ​ 48.2 % ​ 47 % ​ 40 % ​ 48 % Weighted-average expected award life (in years) ​ 5.3 ​ 5.5 ​ 1.0 ​ 1.0 Dividend yield ​ 3.7 % ​ 1.5 % ​ 2.0 % ​ 5.0 % Weighted-average fair value ​ $ 10.5 ​ $ 20.22 ​ $ 23.47 ​ $ 7.84 ​ ​ 15. Share-Based Compensation (continued) The information in the table below provides activity under our stock option plans for the twenty-six weeks ended July 30, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- Weighted- ​ ​ Number ​ Average ​ Average ​ ​ of ​ Remaining ​ Exercise ​ ​ Shares ​ Contractual Life ​ Price ​ ​ (in thousands) ​ (in years) ​ (per share) Options outstanding at the beginning of the year 3,211 ​ ​ ​ $ 48.84 Granted 522 ​ ​ ​ 31.02 Exercised (116) ​ ​ ​ 26.15 Expired or cancelled (148) ​ ​ ​ 51.29 Options outstanding at July 30, 2022 3,469 ​ 5.1 ​ $ 46.82 Options exercisable at July 30, 2022 2,635 ​ 3.9 ​ $ 51.67 Options available for future grant at July 30, 2022 ​ 1,837 ​ ​ ​ ​ ​ ​ ​ The total fair value of options vested July 30, 2022 and July 31, 2021 was $4 million for both periods. The cash received from option exercises during the thirteen and twenty-six weeks ended July 30, 2022 were $1 million and $3 million, respectively. The related tax benefits realized from option exercises during the thirteen and twenty-six weeks ended July 30, 2022 were not significant. The cash received from option exercises during the thirteen and twenty-six weeks ended July 31, 2021 were $6 million and $10 million, respectively. The related tax benefits realized from option exercises during the thirteen and twenty-six weeks ended July 31, 2021 were $1 million and $2 million, respectively. The total intrinsic value of options exercised (the difference between the market price of our common stock on the exercise date and the price paid by the optionee to exercise the option) is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Twenty-six weeks ended ​ ​ July 30, ​ July 31, ​ July 30, ​ July 31, ($ in millions) 2022 2021 2022 2021 Exercised ​ $ — ​ $ 5 ​ $ — ​ $ 8 ​ 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ Twenty-six weeks ended ​ ​ July 30, ​ July 31, ($ in millions) ​ 2022 ​ 2021 Outstanding ​ $ 5 ​ $ 40 Outstanding and exercisable ​ $ 3 ​ $ 20 ​ As of July 30, 2022, 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 1.6 years. 15. Share-Based Compensation (continued) The table below summarizes information about stock options outstanding and exercisable at July 30, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Outstanding Options Exercisable ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ Weighted- ​ ​ ​ Weighted- ​ ​ ​ ​ Remaining ​ Average ​ ​ ​ Average Range of Exercise ​ Number ​ Contractual ​ Exercise ​ Number ​ Exercise Prices Outstanding Life Price Exercisable Price ​ (in thousands, except prices per share and contractual life) $21.60 - $36.51 1,326 ​ 7.4 ​ $ 26.37 601 ​ $ 24.21 $44.78 - $48.98 449 ​ 3.3 ​ 45.02 448 ​ 45.02 $53.61 - $58.94 506 ​ 5.8 ​ 56.68 398 ​ 57.44 $62.02 - $72.83 ​ 1,188 ​ 3.0 ​ 66.13 1,188 ​ 66.13 ​ 3,469 5.1 ​ $ 46.82 2,635 ​ $ 51.67 ​ Restricted Stock Units and Performance Stock Units Restricted stock units (“RSU”) are awarded to certain officers, key employees of the Company, and nonemployee directors. Additionally, performance stock units (“PSU”) are awarded to officers and certain key employees in connection with our long-term incentive program. Each RSU and PSU represents the right to receive one share of our common stock provided that the applicable performance and vesting conditions are satisfied. PSU awards granted in 2022 also include a performance objective based on our relative total shareholder return over the performance period to a pre-determined peer group, assuming the reinvestment of dividends. The fair value of these awards is determined using a Monte Carlo simulation as of the date of the grant and share-based compensation expense will not be adjusted should the target awards vary from actual awards. Generally, RSU awards fully vest after the passage of time, typically three years for employees and one year for nonemployee directors, provided there is continued service with the Company until the vesting date, subject to the terms of the award. PSU awards are earned only after the attainment of performance goals in connection with the relevant performance period and vest after an additional one-year period. No dividends are paid or accumulated on any RSU or PSU awards. Compensation expense is recognized over the vesting period. RSU and PSU activity for the twenty-six weeks ended July 30, 2022 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 ​ 1,391 ​ ​ ​ $ 43.95 Granted ​ 1,026 ​ ​ ​ 30.22 Vested ​ (110) ​ ​ ​ 55.58 Performance adjustment (1) ​ ​ (60) ​ ​ ​ ​ ​ ​ Forfeited ​ (92) ​ ​ ​ 34.41 Nonvested at July 30, 2022 ​ 2,155 ​ 1.8 ​ $ 36.95 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Aggregate value ($ in millions) ​ $ 80 ​ ​ ​ (1) This represents adjustments made to PSUs reflecting changes in estimates based upon our current performance against predefined financial targets. 15. Share-Based Compensation (continued) The total value of RSU and PSU awards that vested during the twenty-six weeks ended July 30, 2022 and July 31, 2021 was $6 million and $22 million, respectively. As of July 30, 2022, there was $44 million of total unrecognized compensation cost related to nonvested awards.

Legal Proceedings

Legal Proceedings	6 Months Ended
	Jul. 30, 2022
Legal Proceedings [Abstract]
Legal Proceedings	16. 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.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policy)	6 Months Ended
	Jul. 30, 2022
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	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 the Unaudited Condensed Consolidated Financial Statements, 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 U.S. 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 July 30, 2022 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 2022. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Notes to Consolidated Financial Statements contained in our 2021 Form 10-K. There were no significant changes to the policies disclosed in Note 1, Summary of Significant Accounting Policies
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently issued accounting pronouncements did not, or are not believed by management to, have a material effect on our present or future consolidated financial statements.

Acquisition (Tables)

Acquisition (Tables)	6 Months Ended
	Jul. 30, 2022
WSS [Member]
Business Combination Segment Allocation [Line Items]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table represents the final allocation of the purchase price for WSS. ​ ​ ​ ​ ($ in millions) ​ Assets acquired: ​ Cash and cash equivalents ​ $ 70 Merchandise inventories ​ 82 Other current assets ​ 10 Property and equipment, net ​ 133 Operating lease right-of-use assets ​ ​ 143 Tradenames ​ 296 Customer relationships ​ ​ 13 Other assets ​ 4 Liabilities assumed: ​ Accounts payable ​ $ (58) Current portion of obligations under finance leases ​ ​ (3) Current portion of lease obligations ​ ​ (19) Long-term portion of obligations under finance leases ​ ​ (50) Long-term lease obligations ​ ​ (127) Deferred taxes ​ ​ (84) Other liabilities ​ (4) ​ ​ ​ ​ Goodwill ​ ​ 405 Total purchase price ​ $ 811
atmos [Member]
Business Combination Segment Allocation [Line Items]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table represents the preliminary allocation of the purchase price for atmos. ​ ​ ​ ​ ​ ($ in millions) ​ Assets acquired: ​ Cash and cash equivalents ​ $ 6 Merchandise inventories ​ 22 Other current assets ​ 12 Property and equipment, net ​ 7 Operating lease right-of-use assets ​ ​ 44 Tradenames ​ 130 Customer relationships ​ ​ 9 Other assets ​ 6 Liabilities assumed: ​ ​ Accounts payable ​ $ (10) Current portion of lease obligations ​ ​ (10) Other current liabilities ​ ​ (8) Long-term lease obligations ​ ​ (35) Deferred taxes ​ ​ (44) Other liabilities ​ (8) ​ ​ ​ ​ Goodwill (1) ​ ​ 247 Total purchase price (2) ​ $ 368 ​ (1) Goodwill represented on this table is at the exchange rate in effect as of the date of acquisition. (2) Total purchase price consists of $333 million in cash and $35 million of contingent consideration .

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jul. 30, 2022
Revenue [Abstract]
Disaggregation of Revenue	The table below presents sales disaggregated based upon sales channel. Sales are attributable to the channel in which the sales transaction is initiated. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended Twenty-six weeks ended ​ ​ July 30, ​ July 31, ​ July 30, ​ July 31, ($ in millions) 2022 2021 2022 2021 Sales by Channel ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stores ​ $ 1,716 ​ $ 1,817 ​ $ 3,492 ​ $ 3,437 Direct-to-customers ​ 349 ​ 458 ​ 748 ​ 991 Total sales ​ $ 2,065 ​ $ 2,275 ​ $ 4,240 ​ $ 4,428
Revenue from External Customers by Geographic Areas	Sales disaggregated based upon geographic area are presented in the table below. Sales are attributable to the geographic area in which the sales transaction is fulfilled. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Twenty-six weeks ended ​ ​ July 30, ​ July 31, ​ July 30, ​ July 31, ($ in millions) 2022 2021 2022 2021 Sales by Geography ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 1,383 ​ $ 1,623 ​ $ 2,923 ​ $ 3,336 International ​ 682 ​ 652 ​ 1,317 ​ 1,092 Total sales ​ $ 2,065 ​ $ 2,275 ​ $ 4,240 ​ $ 4,428
Activity of Gift Card Liability Balance	​ ​ ​ ​ ​ ​ ​ ​ ​ July 30, ​ July 31, ($ in millions) ​ 2022 ​ 2021 Gift card liability at beginning of year ​ $ 46 ​ $ 41 Redemptions ​ ​ (120) ​ ​ (122) Breakage recognized in sales ​ ​ (8) ​ ​ (9) Activations ​ ​ 115 ​ ​ 128 Foreign currency fluctuations ​ ​ (1) ​ ​ — Gift card liability ​ $ 32 ​ $ 38

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jul. 30, 2022
Segment Information [Abstract]
Sales and Division Operating Results for Reportable Segments	We evaluate performance based on several factors, primarily the banner’s financial results, referred to as division profit. Division profit reflects income before income taxes, impairment and other charges, corporate expense, non-operating income, and net interest expense. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Twenty-six weeks ended ​ ​ July 30, ​ July 31, ​ July 30, ​ July 31, ($ in millions) 2022 2021 2022 2021 Sales ​ $ 2,065 ​ $ 2,275 ​ $ 4,240 ​ $ 4,428 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Results ​ ​ ​ ​ Division profit ​ ​ 184 ​ ​ 332 ​ $ 444 ​ $ 647 Less: Impairment and other charges (1) ​ 12 ​ 36 ​ 18 ​ 40 Less: Corporate expense (2) ​ 33 ​ 32 ​ 70 ​ 61 Income from operations ​ 139 ​ 264 ​ 356 ​ 546 Interest expense, net ​ (5) ​ (2) ​ (10) ​ (4) Other income / (expense), net (3) ​ 9 ​ 325 ​ (13) ​ 329 Income before income taxes ​ $ 143 ​ $ 587 ​ $ 333 ​ $ 871 (1) See Note 5, Impairment and Other Charges for further detail. (2) Corporate expense consists of unallocated selling, general and administrative expenses, as well as depreciation and amortization related to our corporate headquarters, centrally managed departments, unallocated insurance and benefit programs, certain foreign exchange transaction gains and losses, and other items. (3) Other income / (expense), net for the thirteen weeks and twenty-six weeks ended July 30, 2022 represented primarily the loss on the change in fair value of our investment in Retailors, Ltd., a publicly-listed entity, which was partially offset by other income. See Note 6, Other Income / (Expense), net .
Disaggregation of Revenue	The table below presents sales disaggregated based upon sales channel. Sales are attributable to the channel in which the sales transaction is initiated. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended Twenty-six weeks ended ​ ​ July 30, ​ July 31, ​ July 30, ​ July 31, ($ in millions) 2022 2021 2022 2021 Sales by Channel ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stores ​ $ 1,716 ​ $ 1,817 ​ $ 3,492 ​ $ 3,437 Direct-to-customers ​ 349 ​ 458 ​ 748 ​ 991 Total sales ​ $ 2,065 ​ $ 2,275 ​ $ 4,240 ​ $ 4,428

Impairment and Other Charges (T

Impairment and Other Charges (Tables)	6 Months Ended
	Jul. 30, 2022
Impairment and Other Charges [Abstract]
Schedule of Impairment and Other Charges	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Twenty-six weeks ended ​ ​ ​ July 30, ​ July 31, ​ July 30, ​ July 31, ​ ($ in millions) 2022 2021 2022 2021 ​ Transformation consulting ​ $ 9 ​ $ — ​ $ 10 ​ $ — ​ Impairment of long-lived assets and right-of-use assets ​ ​ 2 ​ ​ 39 ​ ​ 5 ​ ​ 39 ​ Acquisition and integration costs ​ ​ 1 ​ ​ — ​ ​ 3 ​ ​ — ​ Lease termination costs ​ ​ — ​ ​ 4 ​ ​ — ​ ​ 4 ​ Impairment of investments ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ Reorganization costs ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ Insurance recovery ​ ​ — ​ ​ (7) ​ ​ — ​ ​ (7) ​ Total impairment and other charges ​ $ 12 ​ $ 36 ​ $ 18 ​ $ 40 ​

Cash, Cash Equivalents, and R_2

Cash, Cash Equivalents, and Restricted Cash (Tables)	6 Months Ended
	Jul. 30, 2022
Restricted Cash [Abstract]
Reconciliation of Cash and Cash Equivalents	The table below provides a reconciliation of cash and cash equivalents, as reported on our Condensed Consolidated Balance Sheets, to cash, cash equivalents, and restricted cash, as reported on our Condensed Consolidated Statements of Cash Flows. ​ ​ ​ ​ ​ ​ ​ ​ ​ July 30, ​ July 31, ($ in millions) 2022 2021 Cash and cash equivalents ​ $ 386 ​ $ 1,845 Restricted cash included in other current assets ​ ​ 7 ​ ​ 7 Restricted cash included in other non-current assets ​ ​ 38 ​ ​ 29 Cash, cash equivalents, and restricted cash ​ $ 431 ​ $ 1,881

Other Intangible Assets, Net (T

Other Intangible Assets, Net (Tables)	6 Months Ended
	Jul. 30, 2022
Goodwill and Other Intangible Assets, Net [Abstract]
Components of Intangible Assets	The components of finite-lived intangible assets and intangible assets not subject to amortization are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 30, 2022 ​ ​ July 31, 2021 ​ ​ Gross ​ Accum. ​ Net ​ Gross ​ Accum. ​ Net ($ in millions) ​ value ​ amort. ​ value ​ value ​ amort. ​ value Amortized intangible assets: (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lease acquisition costs ​ $ 97 ​ $ (95) ​ $ 2 ​ $ 116 ​ $ (112) ​ $ 4 Trademarks/tradenames (2) ​ ​ 18 ​ ​ (18) ​ ​ — ​ ​ 20 ​ ​ (17) ​ ​ 3 Customer lists ​ ​ 20 ​ ​ (5) ​ ​ 15 ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 135 ​ $ (118) ​ $ 17 ​ $ 136 ​ $ (129) ​ $ 7 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indefinite life intangible assets: (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trademarks/tradenames ​ ​ ​ ​ ​ ​ ​ $ 415 ​ ​ ​ ​ ​ ​ ​ $ 9 Other intangible assets, net ​ ​ ​ ​ ​ ​ ​ $ 432 ​ ​ ​ ​ ​ ​ ​ $ 16 (1) The change in the ending balances also 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 2021, we recorded a non-cash impairment charge related to the Footaction tradename.
Amortization Expense	Amortization expense recorded is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ ​ Twenty-six weeks ended ​ ​ July 30, ​ July 31, ​ July 30, ​ July 31, ​ ($ in millions) 2022 2021 2022 2021 Amortization expense ​ $ 2 ​ $ 1 ​ $ 5 ​ $ 2 ​
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 2022 ​ $ 4 2023 ​ ​ 7 2024 ​ 5 2025 ​ ​ 1

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jul. 30, 2022
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Loss	Accumulated other comprehensive loss (“AOCL”), net of tax, is comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 30, ​ July 31, ​ January 29, ($ in millions) 2022 2021 2022 Foreign currency translation adjustments ​ $ (182) ​ $ (74) ​ $ (107) Hedge contracts ​ (2) ​ (1) ​ ​ — Unrecognized pension cost and postretirement benefit ​ (232) ​ (263) ​ ​ (236) ​ ​ $ (416) ​ $ (338) ​ $ (343)
Changes in Accumulated Other Comprehensive Loss	The changes in AOCL for the twenty-six weeks ended July 30, 2022 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign ​ ​ ​ ​ Items Related ​ ​ ​ ​ ​ Currency ​ ​ ​ ​ to Pension and ​ ​ ​ ​ ​ Translation ​ ​ ​ Postretirement ​ ​ ​ ($ in millions) Adjustments Hedges Benefits Total Balance as of January 29, 2022 ​ $ (107) ​ ​ — ​ $ (236) ​ $ (343) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OCI before reclassification ​ (75) ​ ​ 2 ​ ​ — ​ (73) Reclassification of hedges, net of tax ​ ​ — ​ ​ (4) ​ ​ — ​ ​ (4) Amortization of pension actuarial loss, net of tax ​ — ​ ​ — ​ ​ 4 ​ 4 Other comprehensive income ​ (75) ​ (2) ​ 4 ​ (73) Balance as of July 30, 2022 ​ $ (182) ​ $ (2) ​ $ (232) ​ $ (416)
Reclassification from Accumulated Other Comprehensive Loss	Reclassifications from AOCL for the twenty-six weeks ended July 30, 2022 were as follows: ​ ​ ​ ​ ($ in millions) ​ Reclassification of hedge loss: ​ Cross-currency swap ​ $ (4) Income tax ​ ​ — Reclassification of hedges, net of tax ​ $ (4) ​ ​ ​ ​ Amortization of actuarial loss: ​ ​ ​ Pension benefits ​ $ 5 Income tax benefit ​ (1) Amortization of actuarial loss, net of tax ​ $ 4 Total, net of tax ​ $ —

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jul. 30, 2022
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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ($ in millions) ​ As of July 30, 2022 ​ As of July 31, 2021 ​ Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets ​ ​ ​ ​ ​ ​ Minority investment in common stock ​ $ 107 ​ $ — ​ $ — ​ $ 92 ​ $ — ​ $ — Available-for-sale security ​ ​ — ​ ​ 6 ​ ​ — ​ ​ — ​ ​ 7 ​ ​ — Foreign exchange forward contracts ​ — ​ 1 ​ — ​ — ​ 1 ​ — Cross-currency swap contract ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total assets ​ $ 107 ​ $ 8 ​ $ — ​ $ 92 ​ $ 8 ​ $ — Liabilities ​ ​ ​ ​ ​ ​ Contingent consideration ​ — ​ — ​ 35 ​ — ​ — ​ — Foreign exchange forward contracts ​ — ​ — ​ — ​ — ​ 2 ​ — Total liabilities ​ $ — ​ $ — ​ $ 35 ​ $ — ​ $ 2 ​ $ —
Carrying Value and Estimated Fair Value of Long-Term Debt	​ ​ ​ ​ ​ ​ ​ ($ in millions) July 30, 2022 July 31, 2021 Carrying value (1) ​ $ 394 ​ $ 99 Fair value ​ $ 313 ​ $ 102 (1) The carrying value of debt as of July 30, 2022 reflects $6 million of issuer’s discount and costs related to the 4% Notes.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jul. 30, 2022
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 ​ Twenty-six weeks ended ​ ​ July 30, ​ July 31, ​ July 30, ​ July 31, (in millions, except per share data) 2022 2021 2022 2021 Net income attributable to Foot Locker, Inc. ​ $ 94 ​ $ 430 ​ $ 227 ​ $ 632 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average common shares outstanding ​ 94.1 ​ 103.8 ​ 95.1 ​ 103.7 Dilutive effect of potential common shares ​ 1.0 ​ 1.4 ​ 1.0 ​ 1.4 Weighted-average common shares outstanding assuming dilution ​ 95.1 ​ 105.2 ​ 96.1 ​ 105.1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per share - basic ​ $ 1.00 ​ $ 4.14 ​ $ 2.39 ​ $ 6.10 Earnings per share - diluted ​ $ 0.99 ​ $ 4.09 ​ $ 2.36 ​ $ 6.02 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Anti-dilutive share-based awards excluded from diluted calculation ​ 2.8 ​ 1.5 ​ 2.7 ​ 1.7

Pension (Tables)

Pension (Tables)	6 Months Ended
	Jul. 30, 2022
Retirement Plans and Other Benefits [Abstract]
Net Benefit Expense (Income)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Twenty-six weeks ended ​ ​ ​ July 30, ​ ​ July 31, ​ ​ July 30, ​ ​ July 31, ($ in millions) ​ ​ 2022 ​ ​ 2021 ​ ​ 2022 ​ ​ 2021 Service cost ​ $ 3 ​ $ 4 ​ $ 7 ​ $ 8 Interest cost ​ ​ 5 ​ 5 ​ ​ 10 ​ ​ 9 Expected return on plan assets ​ ​ (7) ​ (8) ​ ​ (15) ​ ​ (17) Amortization of net loss ​ ​ 3 ​ 2 ​ ​ 5 ​ ​ 5 Net benefit expense ​ $ 4 ​ $ 3 ​ $ 7 ​ $ 5

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jul. 30, 2022
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 ​ Twenty-six weeks ended ​ ​ July 30, ​ July 31, ​ July 30, ​ July 31, ($ in millions) ​ 2022 ​ 2021 ​ 2022 ​ 2021 Options and employee stock purchase plan ​ $ 2 ​ $ 2 ​ $ 3 ​ $ 4 Restricted stock units and performance stock units ​ 7 ​ 6 ​ 13 ​ 12 Total share-based compensation expense ​ $ 9 ​ $ 8 ​ $ 16 ​ $ 16 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tax benefit recognized ​ $ 1 ​ $ 1 ​ $ 2 ​ $ 2
Assumptions used to Compute Share-Based Compensation Expense	The table below shows assumptions used to compute share-based compensation expense for awards granted during the twenty-six weeks ended July 30, 2022 and July 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock Option Plans ​ ​ Stock Purchase Plan ​ ​ ​ July 30, ​ July 31, ​ July 30, ​ July 31, ​ ​ 2022 2021 2022 2021 Weighted-average risk free rate of interest ​ 2.3 % ​ 0.9 % ​ 0.4 % ​ 0.2 % Expected volatility ​ 48.2 % ​ 47 % ​ 40 % ​ 48 % Weighted-average expected award life (in years) ​ 5.3 ​ 5.5 ​ 1.0 ​ 1.0 Dividend yield ​ 3.7 % ​ 1.5 % ​ 2.0 % ​ 5.0 % Weighted-average fair value ​ $ 10.5 ​ $ 20.22 ​ $ 23.47 ​ $ 7.84 ​
Options Granted under Stock Option Plans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- Weighted- ​ ​ Number ​ Average ​ Average ​ ​ of ​ Remaining ​ Exercise ​ ​ Shares ​ Contractual Life ​ Price ​ ​ (in thousands) ​ (in years) ​ (per share) Options outstanding at the beginning of the year 3,211 ​ ​ ​ $ 48.84 Granted 522 ​ ​ ​ 31.02 Exercised (116) ​ ​ ​ 26.15 Expired or cancelled (148) ​ ​ ​ 51.29 Options outstanding at July 30, 2022 3,469 ​ 5.1 ​ $ 46.82 Options exercisable at July 30, 2022 2,635 ​ 3.9 ​ $ 51.67 Options available for future grant at July 30, 2022 ​ 1,837 ​ ​ ​ ​ ​ ​
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 ​ Twenty-six weeks ended ​ ​ July 30, ​ July 31, ​ July 30, ​ July 31, ($ in millions) 2022 2021 2022 2021 Exercised ​ $ — ​ $ 5 ​ $ — ​ $ 8
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ Twenty-six weeks ended ​ ​ July 30, ​ July 31, ($ in millions) ​ 2022 ​ 2021 Outstanding ​ $ 5 ​ $ 40 Outstanding and exercisable ​ $ 3 ​ $ 20
Information about Stock Options Outstanding and Exercisable	The table below summarizes information about stock options outstanding and exercisable at July 30, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Outstanding Options Exercisable ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ Weighted- ​ ​ ​ Weighted- ​ ​ ​ ​ Remaining ​ Average ​ ​ ​ Average Range of Exercise ​ Number ​ Contractual ​ Exercise ​ Number ​ Exercise Prices Outstanding Life Price Exercisable Price ​ (in thousands, except prices per share and contractual life) $21.60 - $36.51 1,326 ​ 7.4 ​ $ 26.37 601 ​ $ 24.21 $44.78 - $48.98 449 ​ 3.3 ​ 45.02 448 ​ 45.02 $53.61 - $58.94 506 ​ 5.8 ​ 56.68 398 ​ 57.44 $62.02 - $72.83 ​ 1,188 ​ 3.0 ​ 66.13 1,188 ​ 66.13 ​ 3,469 5.1 ​ $ 46.82 2,635 ​ $ 51.67
Restricted Share and Unit Activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ 1,391 ​ ​ ​ $ 43.95 Granted ​ 1,026 ​ ​ ​ 30.22 Vested ​ (110) ​ ​ ​ 55.58 Performance adjustment (1) ​ ​ (60) ​ ​ ​ ​ ​ ​ Forfeited ​ (92) ​ ​ ​ 34.41 Nonvested at July 30, 2022 ​ 2,155 ​ 1.8 ​ $ 36.95 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Aggregate value ($ in millions) ​ $ 80 ​ ​ ​ (1) This represents adjustments made to PSUs reflecting changes in estimates based upon our current performance against predefined financial targets.

Acquisition (Narrative) (Detail

Acquisition (Narrative) (Details) $ in Millions	3 Months Ended			6 Months Ended	12 Months Ended
	Jul. 30, 2022 USD ($)	Jan. 29, 2022 USD ($)		Jul. 30, 2022 USD ($)	Jan. 29, 2022 USD ($) agreement		Jul. 31, 2021 USD ($)
Business Combination Segment Allocation [Line Items]
Purchase of business, net of cash acquired				$ 12
Goodwill	$ 773	$ 797	[1]	773	$ 797	[1]	$ 158
Businesses acquired | agreement					2
atmos [Member]
Business Combination Segment Allocation [Line Items]
Payments to Acquire Businesses, Gross	5	30		8	$ 333
Purchase price				368
Contingent consideration	35	35		35	35
Post-closing payable	6			6
Goodwill		247			247
Increase in goodwill	8
atmos [Member] | Maximum [Member]
Business Combination Segment Allocation [Line Items]
Contingent consideration	111			111
WSS [Member]
Business Combination Segment Allocation [Line Items]
Payments to Acquire Businesses, Gross	$ 0			$ 4
Purchase price					811
Purchase of business, net of cash acquired					741
Goodwill		$ 405			$ 405
[1] The balance sheet at January 29, 2022 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 January 29, 2022.

Acquisition (Schedule of Assets

Acquisition (Schedule of Assets/Liabilities Acquired) (Details) - USD ($) $ in Millions	Jul. 30, 2022	Jan. 29, 2022		Jul. 31, 2021
Business Combination Segment Allocation [Line Items]
Goodwill	$ 773	$ 797	[1]	$ 158
atmos [Member]
Business Combination Segment Allocation [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents		6
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory		22
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other		12
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		7
Business Combination, Recognized Identifiable Assets Acquired, Right-of-use-assets		44
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets		130
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		9
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets		6
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable		(10)
Business Combination, Recognized Identifiable Liabilities Assumed, Current Portion of Obligations Under Finance Leases		(10)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other		(8)
Business Combination, Recognized Identifiable Liabilities Assumed, Long-term Lease Obligations		(35)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities		(44)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other		(8)
Goodwill		247
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net, Total		368
WSS [Member]
Business Combination Segment Allocation [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents		70
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory		82
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other		10
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		133
Business Combination, Recognized Identifiable Assets Acquired, Right-of-use-assets		143
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets		296
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		13
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets		4
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable		(58)
Business Combination, Recognized Identifiable Liabilities Assumed, Current Portion of Obligations Under Finance Leases		(3)
Business Combination, Recognized Identifiable Liabilities Assumed, Current Portion of Lease Obligations		(19)
Business Combination, Recognized Identifiable Liabilities Assumed, Long Term Portion of Obligations Under Finance Leases		(50)
Business Combination, Recognized Identifiable Liabilities Assumed, Long-term Lease Obligations		(127)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities		(84)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other		(4)
Goodwill		405
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net, Total		$ 811
[1] The balance sheet at January 29, 2022 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 January 29, 2022.

Revenue (Schedule of Sales Disa

Revenue (Schedule of Sales Disaggregated by Sales Channel) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Sales	$ 2,065	$ 2,275	$ 4,240	$ 4,428
Store Sales Channel [Member]
Sales	1,716	1,817	3,492	3,437
Direct to Customers Sales Channel [Member]
Sales	$ 349	$ 458	$ 748	$ 991

Revenue (Schedule of Sales Di_2

Revenue (Schedule of Sales Disaggregated by Geographic Area) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Sales	$ 2,065	$ 2,275	$ 4,240	$ 4,428
United States
Sales	1,383	1,623	2,923	3,336
International [Member]
Sales	$ 682	$ 652	$ 1,317	$ 1,092

Revenue (Activity of Gift Card

Revenue (Activity of Gift Card Liability Balance) (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021
Accrued gift card liability at beginning of period	$ 46	$ 41
Foreign currency fluctuations	(1)
Accrued gift card liability at end of period	32	38
Gift Card Redemption Revenue [Member]
Revenue recognized	(120)	(122)
Gift Card Breakage Revenue [Member]
Revenue recognized	(8)	(9)
Gift Card Activations [Member]
Activations	$ 115	$ 128

Segment Information (Sales and

Segment Information (Sales and Division Operating Results for Reportable Segments) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Segment Information [Abstract]
Sales	$ 2,065	$ 2,275	$ 4,240	$ 4,428
Division profit	184	332	444	647
Less: Impairment and other charges	12	36	18	40
Less: Corporate expense	33	32	70	61
Income from operations	139	264	356	546
Interest expense, net	(5)	(2)	(10)	(4)
Other (expense) / income, net	9	325	(13)	329
Income before income taxes	$ 143	$ 587	$ 333	$ 871

Impairment and Other Charges (S

Impairment and Other Charges (Schedule of Impairment and Other Charges) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Impairment and Other Charges [Abstract]
Transformation consulting	$ 9		$ 10
Impairment of long-lived assets and right-of-use assets	2	$ 39	5	$ 39
Acquisition and integration costs	1		3
Lease termination costs		4		4
Impairment of investments				2
Reorganization costs				2
Insurance recoveries		(7)		(7)
Total impairment and other charges	$ 12	$ 36	$ 18	$ 40

Impairment and Other Charges (N

Impairment and Other Charges (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Impairment and Other Charges [Abstract]
Impairment of assets	$ 2	$ 39	$ 5	$ 39
Lease termination costs		(4)		(4)
Transformation consulting	$ 9		$ 10
Impairment of investments				2
Reorganization costs				2
Insurance recoveries from social unrest		$ 7		$ 7

Other Income (Expense), net (Na

Other Income (Expense), net (Narrative) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	Jun. 27, 2022	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Other Income [Abstract]
Gain on disposal of business				$ 18
Proceeds from sale of business	$ 47			47
Net benefit expense (income)		$ 4	$ 3	$ 7	$ 5

Cash, Cash Equivalents, and R_3

Cash, Cash Equivalents, and Restricted Cash (Reconciliation of Cash and Cash Equivalents) (Details) - USD ($) $ in Millions	Jul. 30, 2022	Jan. 29, 2022		Jul. 31, 2021	Jan. 30, 2021
Restricted Cash [Abstract]
Cash and cash equivalents	$ 386	$ 804	[1]	$ 1,845
Restricted cash included in other current assets	7			7
Restricted cash included in other non-current assets	38			29
Cash, cash equivalents, and restricted cash	$ 431	$ 850		$ 1,881	$ 1,718
[1] The balance sheet at January 29, 2022 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 January 29, 2022.

Goodwill (Narrative) (Details)

Goodwill (Narrative) (Details) - USD ($) $ in Millions	Jul. 30, 2022	Jun. 27, 2022	Jan. 29, 2022		Jul. 31, 2021
Business Combination Segment Allocation [Line Items]
Goodwill allocated to assets sold		$ 6
Goodwill	$ 773		$ 797	[1]	$ 158
WSS [Member]
Business Combination Segment Allocation [Line Items]
Goodwill			$ 405
[1] The balance sheet at January 29, 2022 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 January 29, 2022.

Other Intangible Assets, Net (S

Other Intangible Assets, Net (Schedule of Other Intangible Asset) (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 30, 2022	Jan. 29, 2022	[1]	Jul. 31, 2021
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value	$ 135			$ 136
Amortized intangible assets, Accum. amort.	(118)			(129)
Amortized intangible assets, Net value	17			7
Other intangible assets, net	432	$ 454		16
Lease Acquisition Costs [Member]
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value	97			116
Amortized intangible assets, Accum. amort.	(95)			(112)
Amortized intangible assets, Net value	2			4
Trademarks and Trade Names [Member]
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value	18			20
Amortized intangible assets, Accum. amort.	(18)			(17)
Amortized intangible assets, Net value				3
Customer Lists [Member]
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value	20
Amortized intangible assets, Accum. amort.	(5)
Amortized intangible assets, Net value	$ 15
Finite-Lived Intangible Assets, Remaining Amortization Period	3 years
atmos [Member] | Customer Lists [Member]
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Net value	$ 9
WSS [Member] | Customer Lists [Member]
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Net value	13
Trademarks and Trade Names [Member]
Intangible Assets by Major Class [Line Items]
Indefinite life intangible assets, Net Value	415			$ 9
Trademarks and Trade Names [Member] | atmos [Member]
Intangible Assets by Major Class [Line Items]
Indefinite life intangible assets, Net Value	130
Trademarks and Trade Names [Member] | WSS [Member]
Intangible Assets by Major Class [Line Items]
Indefinite life intangible assets, Net Value	$ 296
[1] The balance sheet at January 29, 2022 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 January 29, 2022.

Other Intangible Assets, Net (A

Other Intangible Assets, Net (Amortization Expense) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Goodwill and Other Intangible Assets, Net [Abstract]
Amortization expense	$ 2	$ 1	$ 5	$ 2

Other Intangible Assets, Net (E

Other Intangible Assets, Net (Estimated Future Amortization Expense for Finite Lived Intangibles) (Details) $ in Millions	Jul. 30, 2022 USD ($)
Goodwill and Other Intangible Assets, Net [Abstract]
Remainder of 2022	$ 4
2023	7
2024	5
2025	$ 1

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Schedule of Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Millions	Jul. 30, 2022	Jan. 29, 2022		Jul. 31, 2021
Accumulated Other Comprehensive Loss [Abstract]
Foreign currency translation adjustments	$ (182)	$ (107)		$ (74)
Cash flow hedges	(2)			(1)
Unrecognized pension cost and postretirement benefit	(232)	(236)		(263)
Accumulated other comprehensive loss ("AOCL"), net of tax	$ (416)	$ (343)	[1]	$ (338)
[1] The balance sheet at January 29, 2022 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 January 29, 2022.

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (Changes in Accumulated Other Comprehensive Loss) (Details) $ in Millions	6 Months Ended
	Jul. 30, 2022 USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ (343)	[1]
OCI before reclassification	(73)
Reclassification of hedges, net of tax	(4)
Amortization of pension actuarial loss, net of tax	4
Other comprehensive income	(73)
Ending Balance	(416)
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(107)
OCI before reclassification	(75)
Amortization of pension actuarial loss, net of tax
Other comprehensive income	(75)
Ending Balance	(182)
Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance
OCI before reclassification	2
Reclassification of hedges, net of tax	(4)
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	(236)
Amortization of pension actuarial loss, net of tax	4
Other comprehensive income	4
Ending Balance	$ (232)
[1] The balance sheet at January 29, 2022 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 January 29, 2022.

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Loss (Reclassifications from Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Cross-currency swap			$ (4)
Income tax	$ 0	$ 0	0	$ 0
Reclassification of hedges, net of tax			(4)
Income tax benefit			(1)
Amortization of pension actuarial loss, net of tax			4
Total, net of tax			0
Pension Benefits [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Pension benefits			$ 5

Financial Instruments and Ris_2

Financial Instruments and Risk Management (Narrative) (Details) $ in Millions, ¥ in Billions	3 Months Ended	6 Months Ended
	Jul. 30, 2022 USD ($)	Jul. 30, 2022 USD ($)	May 06, 2022 USD ($)	May 06, 2022 JPY (¥)	May 05, 2022	Jul. 31, 2021 USD ($)
Derivative [Line Items]
Change in fair value of derivatives, net of income tax benefit of $-, $-, $-, and $-, respectively	$ (3)	$ (2)
Hedge Derivative, AOCL	(2)	(2)				$ (1)
Cross Currency Interest Rate Contract [Member]
Derivative [Line Items]
Notional value of contracts outstanding			$ 85	¥ 11
Derivative, fixed rate			6.77%	6.77%	3.51%
Derivative, fair value	1	1
Derivative, AOCL	3	3
Derivative income	$ 1	$ 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 Millions	Jul. 30, 2022	Jul. 31, 2021
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	$ 107	$ 92
Level 1 [Member] | Minority Investment in Common Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis	107	92
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	8
Liabilities measured at fair value on recurring basis		2
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	7
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities measured at fair value on recurring basis	35
Level 3 [Member] | Contingent Consideration [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities measured at fair value on recurring basis	35
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
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	$ 1
Cross Currency Interest Rate Contract [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

Fair Value Measurements (Carryi

Fair Value Measurements (Carrying Value and Estimated Fair Value of Long-Term Debt) (Details) - USD ($) $ in Millions	Jul. 30, 2022	Jul. 31, 2021
Fair Value Measurements [Abstract]
Long-term debt, Carrying value	$ 394	$ 99
Long-term debt, Fair value	313	$ 102
Debt discount	$ 6

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jul. 30, 2022	Jul. 30, 2022	Jul. 31, 2021
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount	$ 0	$ 0	$ 0
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount	0	0	0
Fair Value, Liabilities, Level 1 to Level 2 Transfers, Amount	0	0	0
Fair Value, Liabilities, Level 2 to Level 1 Transfers, Amount	0	0	0
Equity method investment fair value	579	579	$ 612
Transformation consulting	$ 9	10
Increase (decrease) in minority interests		$ 68
Senior Notes Due 2029 [Member]
Interest rate	4%	4%
Debt instrument, face amount	$ 400	$ 400

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Millions	6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021
Earnings Per Share [Abstract]
Contingently issuable shares excluded from diluted earnings per share	0.8	0.6

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		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income/(loss)	$ 94	$ 430	$ 227	$ 632
Weighted-average common shares outstanding	94.1	103.8	95.1	103.7
Dilutive effect of potential common shares	1	1.4	1	1.4
Weighted-average common shares outstanding assuming dilution	95.1	105.2	96.1	105.1
Earnings per share - basic	$ 1	$ 4.14	$ 2.39	$ 6.10
Earnings per share - diluted	$ 0.99	$ 4.09	$ 2.36	$ 6.02
Stock Option Plans [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive share-based awards excluded from diluted calculation	2.8	1.5	2.7	1.7

Pension (Net Benefit Expense (I

Pension (Net Benefit Expense (Income)) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Retirement Plans and Other Benefits [Abstract]
Service cost	$ 3	$ 4	$ 7	$ 8
Interest cost	$ 5	$ 5	$ 10	$ 9
Interest cost, extensible enumeration	Other (expense) / income, net	Other (expense) / income, net	Other (expense) / income, net	Other (expense) / income, net
Expected return on plan assets	$ (7)	$ (8)	$ (15)	$ (17)
Expected return on plan assets, extensible enumeration	Other (expense) / income, net	Other (expense) / income, net	Other (expense) / income, net	Other (expense) / income, net
Amortization of net loss	$ 3	$ 2	$ 5	$ 5
Amortization of net loss, extensible enumeration	Other (expense) / income, net	Other (expense) / income, net	Other (expense) / income, net	Other (expense) / income, net
Net benefit expense (income)	$ 4	$ 3	$ 7	$ 5

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant	1,837		1,837
Unrecognized compensation cost	$ 44		$ 44
Fair value of options vested			4	$ 4
Tax benefit realized from options exercised	0	$ 1	0	2
Proceeds from exercise of stock options	1	$ 6	3	10
Restricted Stock and Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of awards			6	$ 22
Dividends			$ 0
Restricted Stock and Units [Member] | Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years
Restricted Stock and Units [Member] | Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			1 year
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			1 year
Nonvested Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 5		$ 5
Unrecognized compensation cost related to nonvested stock options, weighted-average period expected to be recognized			1 year 7 months 6 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		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Share-Based Compensation [Abstract]
Options and shares purchased under the employee stock purchase plan	$ 2	$ 2	$ 3	$ 4
Restricted stock units and performance stock units	7	6	13	12
Total share-based compensation expense	9	8	16	16
Tax benefit recognized	$ 1	$ 1	$ 2	$ 2

Share-Based Compensation (Assum

Share-Based Compensation (Assumptions Used to Compute Share-Based Compensation Expense) (Details) - $ / shares	6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021
Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average risk free rate of interest	2.30%	0.90%
Expected volatility	48.20%	47%
Weighted-average expected award life (in years)	5 years 3 months 18 days	5 years 6 months
Dividend yield	3.70%	1.50%
Weighted-average fair value	$ 10.5	$ 20.22
2013 ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average risk free rate of interest	0.40%	0.20%
Expected volatility	40%	48%
Weighted-average expected award life (in years)	1 year	1 year
Dividend yield	2%	5%
Weighted-average fair value	$ 23.47	$ 7.84

Share-Based Compensation (Optio

Share-Based Compensation (Options Granted Under Stock Option Plans) (Details) shares in Thousands	6 Months Ended
	Jul. 30, 2022 $ / shares shares
Number of Shares
Options outstanding at beginning of year	3,211
Granted	522
Exercised	(116)
Expired or cancelled	(148)
Options outstanding at end of period	3,469
Options exercisable at end of period	2,635
Options available for future grant at end of period	1,837
Weighted-Average Exercise Price
Options outstanding at beginning of year | $ / shares	$ 48.84
Granted | $ / shares	31.02
Exercised | $ / shares	26.15
Expired or cancelled | $ / shares	51.29
Options outstanding at end of period | $ / shares	46.82
Options exercisable at end of period | $ / shares	$ 51.67
Options outstanding, weighted-average remaining contractual life	5 years 1 month 6 days
Options exercisable at end of period, Weighted-average remaining contractual life	3 years 10 months 24 days

Share-Based Compensation (Tot_2

Share-Based Compensation (Total Intrinsic Value of Options Exercised) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jul. 31, 2021	Jul. 31, 2021
Intrinsic value of stock options
Exercised	$ 5	$ 8

Share-Based Compensation (Aggre

Share-Based Compensation (Aggregate Intrinsic Value for Stock Options Outstanding and Exercisable) (Details) - USD ($) $ in Millions	Jul. 30, 2022	Jul. 31, 2021
Share-Based Compensation [Abstract]
Outstanding	$ 5	$ 40
Outstanding and exercisable	$ 3	$ 20

Share-Based Compensation (Infor

Share-Based Compensation (Information about Stock Options Outstanding and Exercisable) (Details) - $ / shares shares in Thousands	6 Months Ended
	Jul. 30, 2022	Jan. 29, 2022
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Number of Shares	3,469	3,211
Options outstanding, weighted-average remaining contractual life	5 years 1 month 6 days
Options Outstanding, Weighted-Average Exercise Price	$ 46.82	$ 48.84
Options Exercisable, Number of Shares	2,635
Options Exercisable, Weighted-Average Exercise Price	$ 51.67
$21.60 - $36.51 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit	21.60
Range of Exercise Prices, Upper Limit	$ 36.51
Options Outstanding, Number of Shares	1,326
Options outstanding, weighted-average remaining contractual life	7 years 4 months 24 days
Options Outstanding, Weighted-Average Exercise Price	$ 26.37
Options Exercisable, Number of Shares	601
Options Exercisable, Weighted-Average Exercise Price	$ 24.21
$44.78 - $48.98 [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	$ 48.98
Options Outstanding, Number of Shares	449
Options outstanding, weighted-average remaining contractual life	3 years 3 months 18 days
Options Outstanding, Weighted-Average Exercise Price	$ 45.02
Options Exercisable, Number of Shares	448
Options Exercisable, Weighted-Average Exercise Price	$ 45.02
$53.61 - $58.94 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit	53.61
Range of Exercise Prices, Upper Limit	$ 58.94
Options Outstanding, Number of Shares	506
Options outstanding, weighted-average remaining contractual life	5 years 9 months 18 days
Options Outstanding, Weighted-Average Exercise Price	$ 56.68
Options Exercisable, Number of Shares	398
Options Exercisable, Weighted-Average Exercise Price	$ 57.44
$62.02 - $72.83 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit	62.02
Range of Exercise Prices, Upper Limit	$ 72.83
Options Outstanding, Number of Shares	1,188
Options outstanding, weighted-average remaining contractual life	3 years
Options Outstanding, Weighted-Average Exercise Price	$ 66.13
Options Exercisable, Number of Shares	1,188
Options Exercisable, Weighted-Average Exercise Price	$ 66.13

Share-Based Compensation (Chang

Share-Based Compensation (Changes in Nonvested Options) (Details) - Restricted Stock and Units [Member] $ / shares in Units, shares in Thousands, $ in Millions	6 Months Ended
	Jul. 30, 2022 USD ($) $ / shares shares
Number of Shares
Nonvested, Beginning Balance	1,391
Granted	1,026
Vested	(110)
Performance adjustment	(60)
Expired or cancelled	(92)	[1]
Nonvested, Ending Balance	2,155
Aggregate value | $	$ 80
Wtg. Avg. remaining contractual life (in years)	1 year 9 months 18 days
Weighted-Average Grant Date Fair Value per Share
Nonvested, Beginning Balance | $ / shares	$ 43.95
Granted | $ / shares	30.22
Vested | $ / shares	55.58
Cancelled | $ / shares	34.41	[1]
Nonvested, Ending Balance | $ / shares	$ 36.95
[1] Weighted-Average