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Derivative Financial Instruments (Tables)
 12 Months Ended
Jan. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Outstanding Interest Rate Swap Summary
Outstanding Interest Rate Swap Summary
January 30, 2016
 
Designated

 
De-Designated
(dollars in millions)
Pay Floating

 
Pay Floating

 
Pay Fixed

Weighted average rate:
 
 
 
 
 
Pay
(a) 

 
1-month LIBOR

 
3.8
%
Receive
1.7
%
 
5.7
%
 
1-month LIBOR

Weighted average maturity
3.1 years

 
0.5 years

 
0.5 years

Notional
$
1,250

 
$
500

 
$
500


(a) 
There are three designated swaps at January 30, 2016. Two swaps have floating pay rates equal to 3-month LIBOR and one swap has a floating pay rate equal to 1-month LIBOR.
Schedule of Classification and Fair Value
Classification and Fair Value
(millions)
Assets
 
Liabilities
Classification
Jan 30,
2016

Jan 31,
2015

 
Classification
Jan 30,
2016

Jan 31,
2015

Designated:
Other noncurrent assets
$
27

$
27

 
N/A
$
—

$
—

De-designated:
Other current assets
12

—

 
Other current liabilities
8

—

 
Other noncurrent assets
—

38

 
Other noncurrent liabilities
—

24

Total
 
$
39

$
65

 
 
$
8

$
24
Schedule of Derivative Contracts - Effect on Results of Operations
Periodic payments, valuation adjustments, and amortization of gains or losses on our derivative contracts had the following effect on our Consolidated Statements of Operations:

Derivative Contracts – Effect on Results of Operations
(millions)
Type of Contract
Classification of (Income)/Expense
2015

2014

2013

Interest rate swaps
Net interest expense
$
(36
)
$
(32
)
$
(29
)