XML 36 R22.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Derivative Financial Instruments (Tables) | 6 Months Ended
--- | ---
Aug. 01, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Foreign Exchange Forward Contracts Outstanding | We had foreign exchange forward contracts outstanding in the following notional amounts:
(notional amounts in millions) | August 1, 2015 |  | January 31, 2015 |  | August 2, 2014
U.S. dollars (1) | $ | 1,768 |  |  | $ | 1,395 |  |  | $ | 1,643 |
Canadian dollars | C$ | 40 |  |  | C$ | 14 |  |  | C$ | 14 |
Euro | € | — |  |  | € | 1 |  |  | € | 26 |
Japanese Yen | ¥ | 1,523 |  |  | ¥ | — |  |  | ¥ | — |
__________
(1) | The principal currencies hedged against changes in the U.S. dollar were British pounds, Canadian dollars, Euro, and Japanese yen.
Fair Values of Asset and Liability Derivative Financial Instruments | The fair values of foreign exchange forward contracts are as follows:
($ in millions) | August 1, 2015 |  | January 31, 2015 |  | August 2, 2014
Derivatives designated as cash flow hedges: |  |  |  |  |
Other current assets | $ | 95 |  |  | $ | 115 |  |  | $ | 29 |
Other long-term assets | $ | 29 |  |  | $ | 23 |  |  | $ | 6 |
Accrued expenses and other current liabilities | $ | 3 |  |  | $ | — |  |  | $ | 11 |
Lease incentives and other long-term liabilities | $ | 4 |  |  | $ | — |  |  | $ | 3 |
Derivatives designated as net investment hedges: |  |  |  |  |
Other current assets | $ | — |  |  | $ | 1 |  |  | $ | 1 |
Other long-term assets | $ | — |  |  | $ | — |  |  | $ | — |
Accrued expenses and other current liabilities | $ | — |  |  | $ | — |  |  | $ | — |
Lease incentives and other long-term liabilities | $ | — |  |  | $ | — |  |  | $ | — |
Derivatives not designated as hedging instruments: |  |  |  |  |
Other current assets | $ | 17 |  |  | $ | 18 |  |  | $ | 5 |
Other long-term assets | $ | — |  |  | $ | — |  |  | $ | — |
Accrued expenses and other current liabilities | $ | 1 |  |  | $ | 1 |  |  | $ | 2 |
Lease incentives and other long-term liabilities | $ | — |  |  | $ | — |  |  | $ | — |
Total derivatives in an asset position | $ | 141 |  |  | $ | 157 |  |  | $ | 41 |
Total derivatives in a liability position | $ | 8 |  |  | $ | 1 |  |  | $ | 16 |
Effects of Derivative Financial Instruments on OCI and Condensed Consolidated Statements of Income | The effective portion of gains and losses on foreign exchange forward contracts in cash flow hedging and net investment hedging relationships recorded in other comprehensive income and the Condensed Consolidated Statements of Income, on a pre-tax basis, are as follows:
| 13 Weeks Ended |  | 26 Weeks Ended
($ in millions) | August 1, 2015 |  | August 2, 2014 |  | August 1, 2015 |  | August 2, 2014
Derivatives in cash flow hedging relationships: |  |  |  |  |  |  |
Gain (loss) recognized in other comprehensive income | $ | 53 |  |  | $ | 4 |  |  | $ | 39 |  |  | $ | (11 | )
Gain reclassified into cost of goods sold and occupancy expenses | $ | 26 |  |  | $ | 3 |  |  | $ | 54 |  |  | $ | 10 |
Gain reclassified into operating expenses | $ | 1 |  |  | $ | 1 |  |  | $ | 3 |  |  | $ | 2 |
Derivatives in net investment hedging relationships: |  |  |  |  |  |  |
Gain recognized in other comprehensive income | $ | 2 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | — |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5618551-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5579245-113959 + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration