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Derivative Instruments Derivative Instruments (Tables) | 6 Months Ended
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Aug. 04, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Gross fair values of outstanding derivative instruments | The following tables present the gross fair values of our outstanding derivative instruments and the corresponding classification at August 4, 2018, February 3, 2018, and July 29, 2017 ($ in millions):
|  | Assets
Contract Type | Balance Sheet Location | August 4, 2018 |  | February 3, 2018 |  | July 29, 2017
Derivatives designated as net investment hedges | Other current assets | $ | 5 |  |  | $ | 2 |  |  | $ | — |
Derivatives designated as interest rate swaps | Other current assets and Other assets | — |  |  | — |  |  | 16 |
Total |  | $ | 5 |  |  | $ | 2 |  |  | $ | 16 |
|  | Liabilities
Contract Type | Balance Sheet Location | August 4, 2018 |  | February 3, 2018 |  | July 29, 2017
Derivatives designated as net investment hedges | Accrued liabilities | $ | — |  |  | $ | 7 |  |  | $ | 13 |
Derivatives designated as interest rate swaps | Accrued liabilities and Long-term liabilities | 7 |  |  | 5 |  |  | — |
No hedge designation (foreign exchange forward contracts) | Accrued liabilities | — |  |  | 1 |  |  | 2 |
Total |  | $ | 7 |  |  | $ | 13 |  |  | $ | 15 |
Effects of derivative instruments on OCI and earnings | The following table presents the effects of derivative instruments on other comprehensive income ("OCI") for the three and six months ended August 4, 2018, and July 29, 2017 ($ in millions):
| Three Months Ended |  | Six Months Ended
Derivatives designated as net investment hedges | August 4, 2018 |  | July 29, 2017 |  | August 4, 2018 |  | July 29, 2017
Pre-tax gain(loss) recognized in OCI | $ | 3 |  |  | $ | (19 | ) |  | $ | 19 |  |  | $ | (11 | )
Effects of derivatives not designated as hedging instruments on earnings | The following table presents the effects of derivatives not designated as hedging instruments on our Condensed Consolidated Statements of Earnings for the three and six months ended August 4, 2018, and July 29, 2017 ($ in millions):
|  | Gain (Loss) Recognized
|  | Three Months Ended |  | Six Months Ended
Contract Type | Location of Gain (Loss) Recognized | August 4, 2018 |  | July 29, 2017 |  | August 4, 2018 |  | July 29, 2017
No hedge designation (foreign exchange contracts) | SG&A | $ | 1 |  |  | $ | (4 | ) |  | $ | 1 |  |  | $ | (3 | )
Effects of interest rate derivatives and adjustments to LTD on earnings | The following table presents the effects of interest rate derivatives and adjustments to the carrying value of long-term debt on our Condensed Consolidated Statements of Earnings for the three and six months ended August 4, 2018, and July 29, 2017 ($ in millions):
|  | Gain (Loss) Recognized
|  | Three Months Ended |  | Six Months Ended
Contract Type | Location of Gain (Loss) Recognized | August 4, 2018 |  | July 29, 2017 |  | August 4, 2018 |  | July 29, 2017
Interest rate swap contracts | Interest expense | $ | 3 |  |  | $ | 14 |  |  | $ | (1 | ) |  | $ | 3 |
Adjustments to carrying value of long-term debt | Interest expense | (3 | ) |  | (14 | ) |  | 1 |  |  | (3 | )
Total |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Notional amount of derivative instruments | The following table presents the notional amounts of our derivative instruments at August 4, 2018, February 3, 2018, and July 29, 2017 ($ in millions):
| Notional Amount
Contract Type | August 4, 2018 |  | February 3, 2018 |  | July 29, 2017
Derivatives designated as net investment hedges | $ | 59 |  |  | $ | 462 |  |  | $ | 205 |
Derivatives designated as interest rate swap contracts | 650 |  |  | 1,150 |  |  | 1,000 |
No hedge designation (foreign exchange forward contracts) | 41 |  |  | 33 |  |  | 48 |
Total | $ | 750 |  |  | $ | 1,645 |  |  | $ | 1,253 |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
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