Accumulated Other Comprehensive (Loss) Income

12 Months Ended

Feb. 03, 2024

Accumulated Other Comprehensive (Loss) Income

Amounts included in Accumulated other comprehensive (loss) income relate to the Company’s foreign currency translation adjustments, deferred gains/(losses) on pension and other post-retirement obligations and a cash flow hedge on issued debt, all of which are recorded net of the related income tax effects. The following table details the changes in Accumulated other comprehensive (loss) income for fiscal 2024, fiscal 2023 and fiscal 2022:


In millions and net of immaterial taxes	Foreign Currency Translation		Deferred Benefit Costs		Cash Flow Hedge on Debt		Accumulated Other Comprehensive (Loss) Income
Balance, January 30, 2021	$	(443)	$	(164)	$	—	$	(607)
Additions to other comprehensive (loss):
Foreign currency translation adjustments, net of taxes	(45)		—		—		(45)

Recognition of net (losses) on benefit obligations, net of taxes	—		(48)		—		(48)
Reclassifications from other comprehensive (loss) to net income:

Amortization of (loss) on cash flow hedge, net of taxes	—		—		(0)		(0)
Amortization of prior service cost and deferred gains, net of taxes	—		13		—		13
Balance, January 29, 2022	$	(488)	$	(199)	$	—	$	(687)
Additions to other comprehensive (loss):
Foreign currency translation adjustments, net of taxes	(56)		—		—		(56)

Recognition of net gains on benefit obligations, net of taxes	—		121		—		121

Reclassifications from other comprehensive (loss) to net income:

Amortization of prior service cost and deferred gains, net of taxes	—		16		—		16
Balance, January 28, 2023	$	(544)	$	(62)	$	—	$	(606)
Additions to other comprehensive (loss):
Foreign currency translation adjustments, net of taxes	30		—		—		30
Recognition of net gains on benefit obligations, net of taxes	—		43		—		43
Reclassifications from other comprehensive (loss) to net income:

Amortization of prior service cost and deferred gains, net of taxes	—		1		—		1
Balance, February 3, 2024	$	(514)	$	(18)	$	—	$	(532)