XML 43 R32.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value Measurements (Details) (USD $)
In Millions, unless otherwise specified
6 Months Ended 12 Months Ended
Aug. 02, 2014
Aug. 03, 2013
Feb. 01, 2014
Financial assets and liabilities measured at fair value on a recurring basis      
Other current assets $ 1,833 $ 1,944 $ 2,112
Other noncurrent assets 1,706 1,354 1,602
Other noncurrent liabilities 1,517 1,540 1,490
Effect of 1% change in forecasted credit EBIT yield on estimated fair value 14 0 0
Effect of 1% change in forecasted discount rate on estimated fair value 3 0 0
Company-owned life insurance investments | Fair value measured on recurring basis
     
Financial assets and liabilities measured at fair value on a recurring basis      
Company-owned life insurance investments 806 787 790
Level 1 | Fair value measured on recurring basis
     
Financial assets and liabilities measured at fair value on a recurring basis      
Total 43 322 76
Level 1 | Short-term investments | Fair value measured on recurring basis
     
Financial assets and liabilities measured at fair value on a recurring basis      
Cash and cash equivalents 3 249 3
Level 1 | Prepaid forward contracts | Fair value measured on recurring basis
     
Financial assets and liabilities measured at fair value on a recurring basis      
Other current assets 40 73 73
Level 2 | Fair value measured on recurring basis
     
Financial assets and liabilities measured at fair value on a recurring basis      
Total 365 371 368
Total 31 45 39
Level 2 | Company-owned life insurance investments | Fair value measured on recurring basis
     
Financial assets and liabilities measured at fair value on a recurring basis      
Other noncurrent assets 314 [1] 297 [1] 305 [1]
Level 2 | Interest rate swaps | Fair value measured on recurring basis
     
Financial assets and liabilities measured at fair value on a recurring basis      
Other current assets 0 [2] 0 [2] 1 [2]
Other noncurrent assets 51 [2] 74 [2] 62 [2]
Other noncurrent liabilities 31 [2] 45 [2] 39 [2]
Level 3 | Fair value measured on recurring basis
     
Financial assets and liabilities measured at fair value on a recurring basis      
Total 98 180 127
Level 3 | Beneficial interest asset | Fair value measured on recurring basis
     
Financial assets and liabilities measured at fair value on a recurring basis      
Other current assets 56 [3] 91 [3] 71 [3]
Other noncurrent assets $ 41 [3] $ 89 [3] $ 56 [3]
[1] Company-owned life insurance investments consist of equity index funds and fixed income assets. Amounts are presented net of nonrecourse loans that are secured by some of these policies. These loan amounts totaled $806 million at August 2, 2014, $790 million at February 1, 2014 and $787 million at August 3, 2013.
[2] See Note 7 for additional information on interest rate swaps.
[3] Note 3 includes a rollforward of the Level 3 beneficial interest asset.