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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | 6 Months Ended
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Aug. 02, 2024
Equity [Abstract] |
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Accumulated other comprehensive income (loss) is presented in stockholders’ equity (deficit) in the Condensed Consolidated Statements of Financial Position and consists of amounts related to foreign currency translation adjustments, unrealized net gains (losses) on cash flow hedges, and actuarial net gains (losses) from pension and other postretirement plans. The following table presents changes in accumulated other comprehensive income (loss), net of tax, by the following components as of the dates indicated:
| Foreign Currency Translation Adjustments |  |  |  | Cash Flow Hedges |  | Pension and Other Postretirement Plans |  | Accumulated Other Comprehensive Income (Loss)
| (in millions)
Balances as of February 2, 2024 | $ | (755) |  |  |  |  | $ | (30) |  |  | $ | (15) |  |  | $ | (800) |
Other comprehensive income (loss) before reclassifications | (94) |  |  |  |  | 67 |  |  | 1 |  |  | (26) |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  |  |  | (37) |  |  | (1) |  |  | (38) |
Total change for the period | (94) |  |  |  |  | 30 |  |  | — |  |  | (64) |
Balances as of August 2, 2024 | $ | (849) |  |  |  |  | $ | — |  |  | $ | (15) |  |  | $ | (864) |
Amounts related to the Company’s cash flow hedges are reclassified to net income during the same period in which the items being hedged are recognized in earnings. See Note 7 of the Notes to the Condensed Consolidated Financial Statements for more information about the Company’s derivative instruments. The following table presents reclassifications out of accumulated other comprehensive income (loss), net of tax, to net income for the periods indicated:
|  |  | Three Months Ended |  |  |  |  |  |
|  |  | August 2, 2024 |  | August 4, 2023 |  |
|  |  | Cash Flow Hedges |  |  |  |  |  | Pensions |  |  |  | Total |  | Cash Flow Hedges |  | Pensions |  | Total |  |  |  |  |  |
|  |  | (in millions)
Total reclassifications, net of tax: |  |  |  |  |  |
Net revenue |  |  | $ | 14 |  |  |  |  |  |  | $ | — |  |  |  |  | $ | 14 |  |  | $ | (63) |  |  | $ | — |  |  | $ | (63) |  |  |  |  |  |  |
Cost of net revenue |  |  | 4 |  |  |  |  |  |  | — |  |  |  |  | 4 |  |  | (5) |  |  | — |  |  | (5) |  |  |  |  |  |  |
Operating expenses |  |  | — |  |  |  |  |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |
Total reclassifications, net of tax |  |  | $ | 18 |  |  |  |  |  |  | $ | — |  |  |  |  | $ | 18 |  |  | $ | (68) |  |  | $ | — |  |  | $ | (68) |  |  |  |  |  |  |
|  |  | Six Months Ended
|  |  | August 2, 2024 |  | August 4, 2023
|  |  | Cash Flow Hedges |  |  |  |  |  | Pensions |  |  |  | Total |  | Cash Flow Hedges |  | Pensions |  | Total
|  |  | (in millions)
Total reclassifications, net of tax:
Net revenue |  |  | $ | 32 |  |  |  |  |  |  | $ | — |  |  |  |  | $ | 32 |  |  | $ | (151) |  |  | $ | — |  |  | $ | (151) |
Cost of net revenue |  |  | 5 |  |  |  |  |  |  | — |  |  |  |  | 5 |  |  | (8) |  |  | — |  |  | (8) |
Operating expenses |  |  | — |  |  |  |  |  |  | 1 |  |  |  |  | 1 |  |  | — |  |  | — |  |  | — |
Total reclassifications, net of tax |  |  | $ | 37 |  |  |  |  |  |  | $ | 1 |  |  |  |  | $ | 38 |  |  | $ | (159) |  |  | $ | — |  |  | $ | (159) |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
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