Foot Locker (FL) 10-Q 7 Jun 23 2023 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Apr. 29, 2023	May 26, 2023
Document Information [Line Items]
Entity Central Index Key	0000850209
Entity Registrant Name	Foot Locker, Inc.
Amendment Flag	false
Current Fiscal Year End Date	--01-28
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 29, 2023
Document Transition Report	false
Entity File Number	1-10299
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	13-3513936
Entity Address, Address Line One	330 West 34th Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10001
City Area Code	212
Local Phone Number	720-3700
Title of 12(b) Security	Common Stock, par value $0.01
Trading Symbol	FL
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		93,923,900

Condensed Consolidated Balance

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

Condensed Consolidated Balanc_2

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

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Apr. 29, 2023	Apr. 30, 2022
Total revenue		$ 1,931	$ 2,178
Cost of sales		1,349	1,435
Selling, general and administrative expenses		431	463
Depreciation and amortization		51	54
Impairment and other		39	6
Income from operations		61	220
Interest expense, net		(1)	(5)
Other income / (expense), net	[1]	(3)	(25)
Income before income taxes		57	190
Income tax expense		21	58
Net income		36	132
Net loss attributable to noncontrolling interests		0	1
Net income attributable to Foot Locker, Inc.		$ 36	$ 133
Basic earnings per share (in dollars per share)		$ 0.39	$ 1.38
Weighted-average shares outstanding (in shares)		93.7	96.1
Diluted earnings per share (in dollars per share)		$ 0.38	$ 1.37
Weighted-average shares outstanding, assuming dilution (in shares)		95.1	97.2
Sales Revenue [Member]
Total revenue		$ 1,927	$ 2,175
License [Member]
Total revenue		$ 4	$ 3
[1]See Note 5, Other Income / (Expense), net.

Condensed Consolidated Statem_2

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

Condensed Consolidated Statem_3

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

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Millions	Common Stock Including Additional Paid in Capital [Member]	Treasury Stock, Common [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Jan. 29, 2022	99,071	(2,050)
Balance at Jan. 29, 2022	$ 770	$ (88)	$ 2,900	$ (343)	$ 4	$ 3,243
Restricted stock issued (in shares)	88
Restricted stock issued						0
Issued under director and stock plans (in shares)	74
Issued under director and stock plans	$ 2					2
Share-based compensation expense	$ 7					7
Shares of common stock used to satisfy tax withholding obligations (in shares)		(32)
Shares of common stock used to satisfy tax withholding obligations		$ (1)				(1)
Net income			133		(1)	132
Cash dividends on common stock			(38)			(38)
Translation adjustment arising during the period, net of income tax (benefit)/expense of $- and $(1), respectively				(44)		(44)
Change in fair value of derivatives, net of income tax benefit of $-, and $-, respectively				1		1
Pension and postretirement adjustments, net of tax				2		2
Balance (in shares) at Apr. 30, 2022	99,233	(4,732)
Balance at Apr. 30, 2022	$ 779	$ (178)	2,995	(384)	3	3,215
Share repurchases (in shares)		(2,650)
Share repurchases		$ (89)				(89)
Balance (in shares) at Jan. 28, 2023	93,397	(1)
Balance at Jan. 28, 2023	$ 760	$ 0	2,925	(392)	0	3,293
Restricted stock issued (in shares)	628
Restricted stock issued						0
Issued under director and stock plans (in shares)	151
Issued under director and stock plans	$ 4					4
Share-based compensation expense	2					2
Shares of common stock used to satisfy tax withholding obligations (in shares)		(260)
Shares of common stock used to satisfy tax withholding obligations		$ (10)				(10)
Net income			36			36
Cash dividends on common stock			(38)			(38)
Translation adjustment arising during the period, net of income tax (benefit)/expense of $- and $(1), respectively				(7)		(7)
Change in fair value of derivatives, net of income tax benefit of $-, and $-, respectively						1
Pension and postretirement adjustments, net of tax				2		2
Balance (in shares) at Apr. 29, 2023	94,176	(261)
Balance at Apr. 29, 2023	$ 766	$ (10)	$ 2,923	$ (396)	$ 0	$ 3,283

Condensed Consolidated Statem_5

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

Condensed Consolidated Statem_6

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

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	3 Months Ended
	Apr. 29, 2023
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	1. Business Foot Locker, Inc., together with its consolidated subsidiaries (“Foot Locker,” “Company,” “we,” “our,” and “us”), is a leading footwear and apparel retailer. We have integrated all available shopping channels including stores, websites, apps, and social channels. Store sales are primarily fulfilled from the store’s inventory, but may not may one Basis of Presentation The accompanying interim Unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not not April 29, 2023 not may 2023 53 February 3, 2024 The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Notes to Consolidated Financial Statements contained in our 2022 10 2023, There were no 1, Summary of Significant Accounting Policies 2022 10 Recent Accounting Pronouncements Recently issued accounting pronouncements did not, not

Note 2 - Revenue

Note 2 - Revenue	3 Months Ended
	Apr. 29, 2023
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	2. The table below presents sales disaggregated by sales channel, as well as licensing revenue earned from our various franchised arrangements. Sales are attributable to the channel in which the sales transaction is initiated. ​ Thirteen weeks ended ​ April 29, April 30, ($ in millions) 2023 2022 Sales by Channel Stores $ 1,613 $ 1,776 Direct-to-customers 314 399 Total sales 1,927 2,175 Licensing revenue 4 3 Total revenue $ 1,931 $ 2,178 ​ NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS ​ 2. Revenue is attributed to the country in which the transaction is fulfilled, and revenue by geographic area is presented in the following table. ​ Thirteen weeks ended ​ April 29, April 30, ($ in millions) 2023 2022 Revenue by Geography United States $ 1,287 $ 1,544 International 644 634 Total revenue $ 1,931 $ 2,178 ​ Sales by banner and operating segment are presented in the following table. ​ Thirteen weeks ended ​ April 29, April 30, ($ in millions) 2023 2022 Foot Locker $ 744 $ 807 Champs Sports 328 454 Kids Foot Locker 167 180 WSS 150 138 Other (1) — 53 North America 1,389 1,632 Foot Locker 379 377 Sidestep 14 24 EMEA 393 401 Foot Locker 98 93 atmos 47 49 Asia Pacific 145 142 Total sales $ 1,927 $ 2,175 ( 1 Other includes sales from banners that we no Contract Liabilities We sell gift cards, which do not ​ April 29, April 30, ($ in millions) 2023 2022 Gift card liability at beginning of year $ 36 $ 46 Redemptions (61 ) (65 ) Breakage recognized in sales (4 ) (4 ) Activations 56 60 Gift card liability $ 27 $ 37 We elected not 12 not NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 3 - Segment Information

Note 3 - Segment Information	3 Months Ended
	Apr. 29, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	3. Foot Locker operates one ​ ​ Thirteen weeks ended ​ April 29, April 30, ($ in millions) 2023 2022 Division profit $ 104 $ 263 Less: Impairment and other (1) 39 6 Less: Corporate expense (2) 4 37 Income from operations 61 220 Interest expense, net (1 ) (5 ) Other income / (expense), net (3) (3 ) (25 ) Income before income taxes $ 57 $ 190 ( 1 See Note 4, Impairment and Other Charges ( 2 Corporate expense consists of unallocated selling, general and administrative expenses, as well as depreciation and amortization related to our corporate headquarters, centrally managed departments, unallocated insurance and benefit programs, certain foreign exchange transaction gains and losses, and other items. ( 3 See Note 5, Other Income / (Expense), net

Note 4 - Impairment and Other C

Note 4 - Impairment and Other Charges	3 Months Ended
	Apr. 29, 2023
Notes to Financial Statements
Litigation Impairment and Other Charges [Text Block]	4. ​ ​ Thirteen weeks ended ​ April 29, April 30, ($ in millions) 2023 2022 Transformation consulting $ 19 $ — Impairment of long-lived assets and right-of-use assets 18 3 Reorganization costs 2 — Acquisition and integration costs — 2 Other — 1 Total impairment and other $ 39 $ 6 For the thirteen April 29, 2023 NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS ​

Note 5 - Other Income (Expense)

Note 5 - Other Income (Expense), Net	3 Months Ended
	Apr. 29, 2023
Notes to Financial Statements
Other Income and Other Expense Disclosure [Text Block]	5. ​ Thirteen weeks ended April 29, April 30, ($ in millions) 2023 2022 Pension and postretirement net benefit expense, excluding service cost $ (2 ) $ — Share of losses related to minority investments (1 ) — Minority investment in Retailors, Ltd. — (25 ) Total other income / (expense), net $ (3 ) $ (25 )

Note 6 - Cash, Cash Equivalents

Note 6 - Cash, Cash Equivalents, and Restricted Cash	3 Months Ended
	Apr. 29, 2023
Notes to Financial Statements
Cash and Cash Equivalents Disclosure [Text Block]	6. The table below provides a reconciliation of cash and cash equivalents, as reported on our Condensed Consolidated Balance Sheets, to cash, cash equivalents, and restricted cash, as reported on our Condensed Consolidated Statements of Cash Flows. ​ April 29, April 30, ($ in millions) 2023 2022 Cash and cash equivalents $ 313 $ 551 Restricted cash included in other current assets 13 8 Restricted cash included in other non-current assets 33 36 Cash, cash equivalents, and restricted cash $ 359 $ 595 ​ Amounts included in restricted cash primarily relate to amounts held in escrow in connection with various leasing arrangements in Europe and deposits held in insurance trusts to satisfy the requirement to collateralize part of the self-insured workers’ compensation and liability claims.

Note 7 - Accumulated Other Comp

Note 7 - Accumulated Other Comprehensive Loss	3 Months Ended
	Apr. 29, 2023
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	7. Accumulated other comprehensive loss (“AOCL”), net of tax, is comprised of the following: ​ April 29, April 30, January 28, ($ in millions) 2023 2022 2023 Foreign currency translation adjustments $ (155 ) $ (151 ) $ (148 ) Hedge contracts (2 ) 1 (3 ) Unrecognized pension cost and postretirement benefit (239 ) (234 ) (241 ) ​ $ (396 ) $ (384 ) $ (392 ) ​ The changes in AOCL for the thirteen April 29, 2023 ​ Foreign ​ Items Related ​ ​ Currency ​ to Pension and ​ ​ Translation Hedge Postretirement ​ ($ in millions) Adjustments Contracts Benefits Total Balance as of January 28, 2023 $ (148 ) (3 ) $ (241 ) $ (392 ) ​ ​ ​ ​ ​ OCI before reclassification (7 ) 3 — (4 ) Reclassification of hedges, net of tax — (2 ) — (2 ) Amortization of pension actuarial loss, net of tax — — 2 2 Other comprehensive income (7 ) 1 2 (4 ) Balance as of April 29, 2023 $ (155 ) $ (2 ) $ (239 ) $ (396 ) ​ NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 7. Reclassifications from AOCL for the thirteen April 29, 2023 ($ in millions) ​ Reclassification of hedge loss: Cross-currency swap $ (2 ) Income tax — Reclassification of hedges, net of tax $ (2 ) ​ ​ Amortization of actuarial loss: ​ Pension benefits $ 3 Income tax benefit (1 ) Amortization of actuarial loss, net of tax $ 2 Total, net of tax $ —

Note 8 - Fair Value Measurement

Note 8 - Fair Value Measurements	3 Months Ended
	Apr. 29, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	8. Our financial assets and liabilities are recorded at fair value, using a three Assets and Liabilities Measured at Fair Value on a Recurring Basis ($ in millions) As of April 29, 2023 As of April 30, 2022 ​ Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets Minority investment in common stock $ — $ — $ — $ 120 $ — $ — Available-for-sale security — 6 — — 6 — Foreign exchange forward contracts — — — — 2 — Total assets $ — $ 6 $ — $ 120 $ 8 $ — Liabilities Contingent consideration $ — $ — $ 4 $ — $ — $ 35 Foreign exchange forward contracts — 1 — — — — Total liabilities $ — $ 1 $ 4 $ — $ — $ 35 There were no 1, 2, 3 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. ($ in millions) April 29, 2023 April 30, 2022 Carrying value (1) $ 395 $ 394 Fair value $ 339 $ 332 ( 1 The carrying value of debt as of April 29, 2023 April 30, 2022 The carrying values of cash and cash equivalents, and other current receivables and payables approximate their fair value. NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 9 - Earnings Per Share

Note 9 - Earnings Per Share	3 Months Ended
	Apr. 29, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	9. 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 ​ Thirteen weeks ended ​ April 29, April 30, (in millions, except per share data) 2023 2022 Net income attributable to Foot Locker, Inc. $ 36 $ 133 Weighted-average common shares outstanding 93.7 96.1 Dilutive effect of potential common shares 1.4 1.1 Weighted-average common shares outstanding assuming dilution 95.1 97.2 ​ ​ ​ Earnings per share - basic $ 0.39 $ 1.38 Earnings per share - diluted $ 0.38 $ 1.37 ​ ​ ​ Anti-dilutive share-based awards excluded from diluted calculation 2.3 2.5 Performance stock units related to our long-term incentive programs of 0.9 million been excluded from diluted weighted-average shares for each of the periods ended April 29, 2023 April 30, 2022 not

Note 10 - Pension

Note 10 - Pension	3 Months Ended
	Apr. 29, 2023
Notes to Financial Statements
Retirement Benefits [Text Block]	10. The components of net periodic pension benefit expense are presented in the table below. Service cost is recognized as part of SG&A expense, while the other components are recognized as part of Other income / (expense), net. ​ Thirteen weeks ended ​ April 29, April 30, ($ in millions) 2023 2022 Service cost $ 1 $ 4 Interest cost 6 5 Expected return on plan assets (7 ) (8 ) Amortization of net loss 3 2 Net benefit expense $ 3 $ 3 ​ NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 11 - Share-Based Compensat

Note 11 - Share-Based Compensation	3 Months Ended
	Apr. 29, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	11. Total compensation expense, included in SG&A, and the associated tax benefits recognized related to our share-based compensation plans, were as follows: ​ Thirteen weeks ended ​ April 29, April 30, ($ in millions) 2023 2022 Options and employee stock purchase plan $ 1 $ 1 Restricted stock units and performance stock units 1 6 Total share-based compensation expense $ 2 $ 7 ​ ​ ​ Tax benefit recognized $ — $ 1 ​ Valuation Model and Assumptions We use the Black-Scholes option-pricing model to estimate the fair value of options and the stock purchase plan. The Black-Scholes option-pricing model incorporates various and subjective assumptions, including expected term and expected volatility. The table below shows assumptions used to compute share-based compensation expense for awards granted during the thirteen April 29, 2023 April 30, 2022 ​ Stock Option Plans Stock Purchase Plan ​ April 29, April 30, April 29, April 30, ​ 2023 2022 2023 2022 Weighted-average risk free rate of interest 3.5 % 2.3 % 2.2 % 0.1 % Expected volatility 49 % 50 % 40 % 40 % Weighted-average expected award life (in years) 5.4 5.5 1.0 1.0 Dividend yield 3.6 % 3.9 % 3.7 % 1.8 % Weighted-average fair value $ 14.09 $ 10.42 $ 7.16 $ 29.46 ​ The information in the table below provides activity under our stock option plans for the thirteen April 29, 2023 ​ ​ Weighted- Weighted- ​ Number Average Average ​ of Remaining Exercise ​ Shares Contractual Life Price ​ (in thousands) (in years) (per share) Options outstanding at the beginning of the year 3,256 ​ $ 47.85 Granted 294 ​ 39.08 Exercised (151 ) ​ 24.60 Expired or cancelled (148 ) ​ 36.71 Options outstanding at April 29, 2023 3,251 3.8 $ 48.64 Options exercisable at April 29, 2023 2,783 2.9 $ 50.48 Shares available for future grant at April 29, 2023 under the 2007 Stock Incentive Plan 888 ​ ​ Shares available for future grant at April 29, 2023 under the employment inducement award plan (1) 409 ​ ​ ( 1 On August 24, 2022, 2007 not NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 11. The total fair value of options vested thirteen April 29, 2023 April 30, 2022 thirteen April 29, 2023 not thirteen April 30, 2022 not The total intrinsic value of options exercised (the difference between the market price of our common stock on the exercise date and the price paid by the optionee to exercise the option) is presented below: ​ Thirteen weeks ended ​ April 29, April 30, ($ in millions) 2023 2022 Exercised $ 3 $ — ​ The aggregate intrinsic value for stock options outstanding, and outstanding and exercisable (the difference between our closing stock price on the last trading day of the period and the exercise price of the options, multiplied by the number of in-the-money stock options) is presented below: ​ Thirteen weeks ended ​ April 29, April 30, ($ in millions) 2023 2022 Outstanding $ 15 $ 6 Outstanding and exercisable $ 13 $ 4 ​ As of April 29, 2023 The table below summarizes information about stock options outstanding and exercisable at April 29, 2023 ​ Options Outstanding Options Exercisable ​ ​ Weighted- ​ ​ ​ ​ ​ Average Weighted- ​ Weighted- ​ ​ Remaining Average ​ Average Range of Exercise Number Contractual Exercise Number Exercise Prices Outstanding Life Price Exercisable Price ​ (in thousands, except prices per share and contractual life) $21.60 - $36.51 855 5.2 $ 25.40 708 $ 23.82 $38.94 - $48.98 743 5.2 42.58 439 45.00 $53.61 - $58.94 482 3.3 56.73 465 56.84 $62.02 - $72.83 1,171 2.1 66.14 1,171 66.14 ​ 3,251 3.8 $ 48.64 2,783 $ 50.48 ​ Restricted Stock Units and Performance Stock Units Restricted stock units (“RSU”) are awarded to certain officers, key employees of the Company, and nonemployee directors. Additionally, performance stock units (“PSU”) are awarded to officers and certain key employees in connection with our long-term incentive program. Each RSU and PSU represents the right to receive one 2022 2023 not ​ NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 11. Generally, RSU awards fully vest after the passage of time, typically three one one ​ RSU and PSU activity for the thirteen April 29, 2023 ​ ​ ​ Weighted- Average Weighted- ​ Number Remaining Average ​ of Contractual Grant Date ​ Shares Life Fair Value ​ (in thousands) (in years) (per share) Nonvested at beginning of year 1,992 ​ $ 37.58 Granted 741 ​ 39.69 Vested (628 ) ​ 34.12 Performance adjustment (1) (600 ) ​ Forfeited (99 ) ​ 39.79 Nonvested at April 29, 2023 1,406 1.8 $ 40.80 ​ ​ ​ ​ Aggregate value ($ in millions) $ 57 ​ ( 1 This represents adjustments made to PSUs reflecting changes in estimates based upon our current performance against predefined financial targets. The total value of RSU and PSU awards that vested during the thirteen April 29, 2023 April 30, 2022 April 29, 2023

Note 12 - Legal Proceedings

Note 12 - Legal Proceedings	3 Months Ended
	Apr. 29, 2023
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	12. Legal proceedings pending against the Company or its consolidated subsidiaries consist of ordinary, routine litigation, including administrative proceedings, incidental to the business of the Company or businesses that have been sold or discontinued by the Company in past years. These legal proceedings include commercial, intellectual property, customer, environmental, and employment-related claims. Additionally, the Company is a defendant in two We do not

Note 2 - Revenue (Tables)

Note 2 - Revenue (Tables)	3 Months Ended
	Apr. 29, 2023
Notes Tables
Disaggregation of Revenue [Table Text Block]	​ Thirteen weeks ended ​ April 29, April 30, ($ in millions) 2023 2022 Sales by Channel Stores $ 1,613 $ 1,776 Direct-to-customers 314 399 Total sales 1,927 2,175 Licensing revenue 4 3 Total revenue $ 1,931 $ 2,178
Revenue from External Customers by Geographic Areas [Table Text Block]	​ Thirteen weeks ended ​ April 29, April 30, ($ in millions) 2023 2022 Revenue by Geography United States $ 1,287 $ 1,544 International 644 634 Total revenue $ 1,931 $ 2,178
Reconciliation of Revenue From Banners to Consolidated [Table Text Block]	​ Thirteen weeks ended ​ April 29, April 30, ($ in millions) 2023 2022 Foot Locker $ 744 $ 807 Champs Sports 328 454 Kids Foot Locker 167 180 WSS 150 138 Other (1) — 53 North America 1,389 1,632 Foot Locker 379 377 Sidestep 14 24 EMEA 393 401 Foot Locker 98 93 atmos 47 49 Asia Pacific 145 142 Total sales $ 1,927 $ 2,175
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	​ April 29, April 30, ($ in millions) 2023 2022 Gift card liability at beginning of year $ 36 $ 46 Redemptions (61 ) (65 ) Breakage recognized in sales (4 ) (4 ) Activations 56 60 Gift card liability $ 27 $ 37

Note 3 - Segment Information (T

Note 3 - Segment Information (Tables)	3 Months Ended
	Apr. 29, 2023
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	​ Thirteen weeks ended ​ April 29, April 30, ($ in millions) 2023 2022 Division profit $ 104 $ 263 Less: Impairment and other (1) 39 6 Less: Corporate expense (2) 4 37 Income from operations 61 220 Interest expense, net (1 ) (5 ) Other income / (expense), net (3) (3 ) (25 ) Income before income taxes $ 57 $ 190

Note 4 - Impairment and Other_2

Note 4 - Impairment and Other Charges (Tables)	3 Months Ended
	Apr. 29, 2023
Notes Tables
Schedule of Litigation Impairment and Other Charges [Table Text Block]	​ Thirteen weeks ended ​ April 29, April 30, ($ in millions) 2023 2022 Transformation consulting $ 19 $ — Impairment of long-lived assets and right-of-use assets 18 3 Reorganization costs 2 — Acquisition and integration costs — 2 Other — 1 Total impairment and other $ 39 $ 6

Note 5 - Other Income (Expens_2

Note 5 - Other Income (Expense), Net (Tables)	3 Months Ended
	Apr. 29, 2023
Notes Tables
Schedule of Other Operating Cost and Expense, by Component [Table Text Block]	​ Thirteen weeks ended April 29, April 30, ($ in millions) 2023 2022 Pension and postretirement net benefit expense, excluding service cost $ (2 ) $ — Share of losses related to minority investments (1 ) — Minority investment in Retailors, Ltd. — (25 ) Total other income / (expense), net $ (3 ) $ (25 )

Note 6 - Cash, Cash Equivalen_2

Note 6 - Cash, Cash Equivalents, and Restricted Cash (Tables)	3 Months Ended
	Apr. 29, 2023
Notes Tables
Schedule of Cash and Cash Equivalents [Table Text Block]	​ April 29, April 30, ($ in millions) 2023 2022 Cash and cash equivalents $ 313 $ 551 Restricted cash included in other current assets 13 8 Restricted cash included in other non-current assets 33 36 Cash, cash equivalents, and restricted cash $ 359 $ 595

Note 7 - Accumulated Other Co_2

Note 7 - Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Apr. 29, 2023
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	​ April 29, April 30, January 28, ($ in millions) 2023 2022 2023 Foreign currency translation adjustments $ (155 ) $ (151 ) $ (148 ) Hedge contracts (2 ) 1 (3 ) Unrecognized pension cost and postretirement benefit (239 ) (234 ) (241 ) ​ $ (396 ) $ (384 ) $ (392 )
Schedule of Changes in Accumulated Other Comprehensive Income [Table Text Block]	​ Foreign ​ Items Related ​ ​ Currency ​ to Pension and ​ ​ Translation Hedge Postretirement ​ ($ in millions) Adjustments Contracts Benefits Total Balance as of January 28, 2023 $ (148 ) (3 ) $ (241 ) $ (392 ) ​ ​ ​ ​ ​ OCI before reclassification (7 ) 3 — (4 ) Reclassification of hedges, net of tax — (2 ) — (2 ) Amortization of pension actuarial loss, net of tax — — 2 2 Other comprehensive income (7 ) 1 2 (4 ) Balance as of April 29, 2023 $ (155 ) $ (2 ) $ (239 ) $ (396 )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	($ in millions) ​ Reclassification of hedge loss: Cross-currency swap $ (2 ) Income tax — Reclassification of hedges, net of tax $ (2 ) ​ ​ Amortization of actuarial loss: ​ Pension benefits $ 3 Income tax benefit (1 ) Amortization of actuarial loss, net of tax $ 2 Total, net of tax $ —

Note 8 - Fair Value Measureme_2

Note 8 - Fair Value Measurements (Tables)	3 Months Ended
	Apr. 29, 2023
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	($ in millions) As of April 29, 2023 As of April 30, 2022 ​ Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets Minority investment in common stock $ — $ — $ — $ 120 $ — $ — Available-for-sale security — 6 — — 6 — Foreign exchange forward contracts — — — — 2 — Total assets $ — $ 6 $ — $ 120 $ 8 $ — Liabilities Contingent consideration $ — $ — $ 4 $ — $ — $ 35 Foreign exchange forward contracts — 1 — — — — Total liabilities $ — $ 1 $ 4 $ — $ — $ 35
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	($ in millions) April 29, 2023 April 30, 2022 Carrying value (1) $ 395 $ 394 Fair value $ 339 $ 332

Note 9 - Earnings Per Share (Ta

Note 9 - Earnings Per Share (Tables)	3 Months Ended
	Apr. 29, 2023
Notes Tables
Schedule of Weighted Average Number of Shares [Table Text Block]	​ Thirteen weeks ended ​ April 29, April 30, (in millions, except per share data) 2023 2022 Net income attributable to Foot Locker, Inc. $ 36 $ 133 Weighted-average common shares outstanding 93.7 96.1 Dilutive effect of potential common shares 1.4 1.1 Weighted-average common shares outstanding assuming dilution 95.1 97.2 ​ ​ ​ Earnings per share - basic $ 0.39 $ 1.38 Earnings per share - diluted $ 0.38 $ 1.37 ​ ​ ​ Anti-dilutive share-based awards excluded from diluted calculation 2.3 2.5

Note 10 - Pension (Tables)

Note 10 - Pension (Tables)	3 Months Ended
	Apr. 29, 2023
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	​ Thirteen weeks ended ​ April 29, April 30, ($ in millions) 2023 2022 Service cost $ 1 $ 4 Interest cost 6 5 Expected return on plan assets (7 ) (8 ) Amortization of net loss 3 2 Net benefit expense $ 3 $ 3

Note 11 - Share-Based Compens_2

Note 11 - Share-Based Compensation (Tables)	3 Months Ended
	Apr. 29, 2023
Notes Tables
Share-Based Payment Arrangement, Cost by Plan [Table Text Block]	​ Thirteen weeks ended ​ April 29, April 30, ($ in millions) 2023 2022 Options and employee stock purchase plan $ 1 $ 1 Restricted stock units and performance stock units 1 6 Total share-based compensation expense $ 2 $ 7 ​ ​ ​ Tax benefit recognized $ — $ 1
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	​ Stock Option Plans Stock Purchase Plan ​ April 29, April 30, April 29, April 30, ​ 2023 2022 2023 2022 Weighted-average risk free rate of interest 3.5 % 2.3 % 2.2 % 0.1 % Expected volatility 49 % 50 % 40 % 40 % Weighted-average expected award life (in years) 5.4 5.5 1.0 1.0 Dividend yield 3.6 % 3.9 % 3.7 % 1.8 % Weighted-average fair value $ 14.09 $ 10.42 $ 7.16 $ 29.46
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	​ ​ Weighted- Weighted- ​ Number Average Average ​ of Remaining Exercise ​ Shares Contractual Life Price ​ (in thousands) (in years) (per share) Options outstanding at the beginning of the year 3,256 ​ $ 47.85 Granted 294 ​ 39.08 Exercised (151 ) ​ 24.60 Expired or cancelled (148 ) ​ 36.71 Options outstanding at April 29, 2023 3,251 3.8 $ 48.64 Options exercisable at April 29, 2023 2,783 2.9 $ 50.48 Shares available for future grant at April 29, 2023 under the 2007 Stock Incentive Plan 888 ​ ​ Shares available for future grant at April 29, 2023 under the employment inducement award plan (1) 409 ​ ​
Schedule of Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block]	​ Thirteen weeks ended ​ April 29, April 30, ($ in millions) 2023 2022 Exercised $ 3 $ —
Schedule of Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Intrinsic Value of Options Outstanding and Exercisable [Table Text Block]	​ Thirteen weeks ended ​ April 29, April 30, ($ in millions) 2023 2022 Outstanding $ 15 $ 6 Outstanding and exercisable $ 13 $ 4
Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block]	​ Options Outstanding Options Exercisable ​ ​ Weighted- ​ ​ ​ ​ ​ Average Weighted- ​ Weighted- ​ ​ Remaining Average ​ Average Range of Exercise Number Contractual Exercise Number Exercise Prices Outstanding Life Price Exercisable Price ​ (in thousands, except prices per share and contractual life) $21.60 - $36.51 855 5.2 $ 25.40 708 $ 23.82 $38.94 - $48.98 743 5.2 42.58 439 45.00 $53.61 - $58.94 482 3.3 56.73 465 56.84 $62.02 - $72.83 1,171 2.1 66.14 1,171 66.14 ​ 3,251 3.8 $ 48.64 2,783 $ 50.48
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	​ ​ Weighted- Average Weighted- ​ Number Remaining Average ​ of Contractual Grant Date ​ Shares Life Fair Value ​ (in thousands) (in years) (per share) Nonvested at beginning of year 1,992 ​ $ 37.58 Granted 741 ​ 39.69 Vested (628 ) ​ 34.12 Performance adjustment (1) (600 ) ​ Forfeited (99 ) ​ 39.79 Nonvested at April 29, 2023 1,406 1.8 $ 40.80 ​ ​ ​ ​ Aggregate value ($ in millions) $ 57 ​

Note 2 - Revenue - Schedule of

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

Note 2 - Revenue - Schedule o_2

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

Note 2 - Revenue - Sales by Ban

Note 2 - Revenue - Sales by Banner (Details) - USD ($) $ in Millions		3 Months Ended
		Apr. 29, 2023	Apr. 30, 2022
Total sales		$ 1,931	$ 2,178
Sales Revenue [Member]
Total sales		1,927	2,175
North America [Member] | Sales Revenue [Member]
Total sales		1,389	1,632
North America [Member] | Foot Locker [Member] | Sales Revenue [Member]
Total sales		744	807
North America [Member] | Champ Sports [Member] | Sales Revenue [Member]
Total sales		328	454
North America [Member] | Kids Foot Locker [Member] | Sales Revenue [Member]
Total sales		167	180
North America [Member] | WSS [Member] | Sales Revenue [Member]
Total sales		150	138
North America [Member] | Other Segment [Member] | Sales Revenue [Member]
Total sales	[1]	0	53
EMEA [Member] | Sales Revenue [Member]
Total sales		393	401
EMEA [Member] | Foot Locker [Member] | Sales Revenue [Member]
Total sales		379	377
EMEA [Member] | Sidestep [Member] | Sales Revenue [Member]
Total sales		14	24
Asia Pacific [Member] | Sales Revenue [Member]
Total sales		145	142
Asia Pacific [Member] | Foot Locker [Member] | Sales Revenue [Member]
Total sales		98	93
Asia Pacific [Member] | Atmos [Member] | Sales Revenue [Member]
Total sales		$ 47	$ 49
[1]Other includes sales from banners that we no longer operate and primarily represented Eastbay in the prior-year period.

Note 2 - Revenue - Activity of

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

Note 3 - Segment Information -

Note 3 - Segment Information - Sales and Division Operating Results for Reportable Segments (Details) - USD ($) $ in Millions		3 Months Ended
		Apr. 29, 2023	Apr. 30, 2022
Division profit		$ 104	$ 263
Less: Impairment and other (1)	[1]	39	6
Less: Corporate expense (2)	[2]	4	37
Income from operations		61	220
Interest expense, net		(1)	(5)
Other income / (expense), net (3)	[3]	(3)	(25)
Income before income taxes		$ 57	$ 190
[1]See Note 4, Impairment and Other Charges for further detail.[2]Corporate expense consists of unallocated selling, general and administrative expenses, as well as depreciation and amortization related to our corporate headquarters, centrally managed departments, unallocated insurance and benefit programs, certain foreign exchange transaction gains and losses, and other items.[3]See Note 5, Other Income / (Expense), net.

Note 4 - Impairment and Other_3

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

Note 4 - Impairment and Other_4

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

Note 5 - Other Income (Expens_3

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

Note 6 - Cash, Cash Equivalen_3

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

Note 7 - Accumulated Other Co_3

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

Note 7 - Accumulated Other Co_4

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

Note 7 - Accumulated Other Co_5

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

Note 8 - Fair Value Measureme_3

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

Note 8 - Fair Value Measureme_4

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

Note 8 - Fair Value Measureme_5

Note 8 - Fair Value Measurements - Schedule of Carrying Values and Estimated Fair Values (Details) - USD ($) $ in Millions		Apr. 29, 2023	Apr. 30, 2022
Carrying value (1)	[1]	$ 395	$ 394
Fair value		$ 339	$ 332
[1]The carrying value of debt as of April 29, 2023 and April 30, 2022 included $5 million and $6 million of issuer’s discount and costs, respectively.

Note 9 - Earnings Per Share (De

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

Note 9 - Earnings Per Share - S

Note 9 - Earnings Per Share - Schedule of Weighted Average Number of Shares (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Net income attributable to Foot Locker, Inc.	$ 36	$ 133
Weighted-average shares outstanding (in shares)	93.7	96.1
Dilutive effect of potential common shares (in shares)	1.4	1.1
Weighted-average common shares outstanding assuming dilution (in shares)	95.1	97.2
Basic earnings per share (in dollars per share)	$ 0.39	$ 1.38
Diluted earnings per share (in dollars per share)	$ 0.38	$ 1.37
Share-Based Payment Arrangement, Option [Member]
Anti-dilutive share-based awards excluded from diluted calculation (in shares)	2.3	2.5

Note 10 - Pension - Schedule of

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

Note 11 - Share-Based Compens_3

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

Note 11 - Share-Based Compens_4

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

Note 11 - Share-Based Compens_5

Note 11 - Share-Based Compensation - Schedule of Share Based Payment Award Stock Options Valuation Assumptions (Details) - $ / shares	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Stock Option Plan [Member]
Weighted-average risk free rate of interest	3.50%	2.30%
Expected volatility	49%	50%
Weighted-average expected award life (in years) (Year)	5 years 4 months 24 days	5 years 6 months
Dividend yield	3.60%	3.90%
Weighted-average fair value (in dollars per share)	$ 14.09	$ 10.42
Stock Purchase Plan [Member]
Weighted-average risk free rate of interest	2.20%	0.10%
Expected volatility	40%	40%
Weighted-average expected award life (in years) (Year)	1 year	1 year
Dividend yield	3.70%	1.80%
Weighted-average fair value (in dollars per share)	$ 7.16	$ 29.46

Note 11 - Share-Based Compens_6

Note 11 - Share-Based Compensation - Schedule of Share-Based Compensation (Details) shares in Thousands	3 Months Ended
	Apr. 29, 2023 $ / shares shares
Balance, options outstanding (in shares)	3,256
Balance, options outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 47.85
Granted (in shares)	294
Granted, weighted average exercise price (in dollars per share) | $ / shares	$ 39.08
Exercised (in shares)	(151)
Exercised, weighted average exercise price (in dollars per share) | $ / shares	$ 24.60
Expired or cancelled (in shares)	(148)
Expired or cancelled, weighted average exercise price (in dollars per share) | $ / shares	$ 36.71
Balance, options outstanding (in shares)	3,251
Options Outstanding Weighted Average Remaining (Year)	3 years 9 months 18 days
Balance, options outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 48.64
Balance, options exercisable (in shares)	2,783
Options, Exercisable, Weighted Average Remaining (Year)	2 years 10 months 24 days
Award Options Exercisable Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 50.48
2007 Stock Incentive Plan [Member]
Shares available for future grant (in shares)	888
Employment Inducement Plan [Member]
Shares available for future grant (in shares)	409	[1]
[1]On August 24, 2022, the Company granted options and other awards to its new President and Chief Executive Officer, Mary N. Dillon. These awards were granted outside of the 2007 Stock Incentive Plan as employment inducement awards and do not require shareholder approval under the rules of the New York Stock Exchange or otherwise. Shares available for future grant under this plan are reserved for the sole purpose to issue shares pursuant to her employment inducement awards.

Note 11 - Share-Based Compens_7

Note 11 - Share-Based Compensation - Schedule of Share Based Payment Award Options Grants in Period Grant Date Intrinsic Value (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Exercised	$ 3	$ 0

Note 11 - Share-Based Compens_8

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

Note 11 - Share-Based Compens_9

Note 11 - Share-Based Compensation - Schedule Of Share Based Compensation Shares Authorized Under Stock Option Plans By Exercise Price Range (Details) - $ / shares shares in Thousands	3 Months Ended
	Apr. 29, 2023	Jan. 28, 2023
Options outstanding (in shares)	3,251	3,256
Options Outstanding Weighted Average Remaining (Year)	3 years 9 months 18 days
Weighted Average Exercise Price (in dollars per share)	$ 48.64	$ 47.85
Balance, options exercisable (in shares)	2,783
Award Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 50.48
Range One [Member]
Exercise prices, Lower Limit (in dollars per share)	21.60
Exercise prices, Upper Limit (in dollars per share)	$ 36.51
Options outstanding (in shares)	855
Options Outstanding Weighted Average Remaining (Year)	5 years 2 months 12 days
Weighted Average Exercise Price (in dollars per share)	$ 25.40
Balance, options exercisable (in shares)	708
Award Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 23.82
Range Two [Member]
Exercise prices, Lower Limit (in dollars per share)	38.94
Exercise prices, Upper Limit (in dollars per share)	$ 48.98
Options outstanding (in shares)	743
Options Outstanding Weighted Average Remaining (Year)	5 years 2 months 12 days
Weighted Average Exercise Price (in dollars per share)	$ 42.58
Balance, options exercisable (in shares)	439
Award Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 45
Range Three [Member]
Exercise prices, Lower Limit (in dollars per share)	53.61
Exercise prices, Upper Limit (in dollars per share)	$ 58.94
Options outstanding (in shares)	482
Options Outstanding Weighted Average Remaining (Year)	3 years 3 months 18 days
Weighted Average Exercise Price (in dollars per share)	$ 56.73
Balance, options exercisable (in shares)	465
Award Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 56.84
Range Four [Member]
Exercise prices, Lower Limit (in dollars per share)	62.02
Exercise prices, Upper Limit (in dollars per share)	$ 72.83
Options outstanding (in shares)	1,171
Options Outstanding Weighted Average Remaining (Year)	2 years 1 month 6 days
Weighted Average Exercise Price (in dollars per share)	$ 66.14
Balance, options exercisable (in shares)	1,171
Award Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 66.14

Note 11 - Share-Based Compen_10

Note 11 - Share-Based Compensation - Schedule of Share-Based Compensation Restricted Stock and Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs) [Member] $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Apr. 29, 2023 USD ($) $ / shares shares
Balance, Nonvested units (in shares)	1,992
Balance, Weighted-Average Grant Fair Value (in dollars per share) | $ / shares	$ 37.58
Granted (in shares)	741
Granted (in dollars per share) | $ / shares	$ 39.69
Vested (in shares)	(628)
Vested (in dollars per share) | $ / shares	$ 34.12
Performance adjustment (1) (in shares)	(600)	[1]
Forfeited (in shares)	(99)
Forfeited (in dollars per share) | $ / shares	$ 39.79
Balance, Nonvested units (in shares)	1,406
Weighted Average Remaining Contractual Term (Year)	1 year 9 months 18 days
Balance, Weighted-Average Grant Fair Value (in dollars per share) | $ / shares	$ 40.80
Aggregate value ($ in millions) | $	$ 57
[1]This represents adjustments made to PSUs reflecting changes in estimates based upon our current performance against predefined financial targets.