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Derivative Financial Instruments (Tables) | 9 Months Ended
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Nov. 02, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Foreign Exchange Forward Contracts Outstanding | We had foreign exchange forward contracts outstanding in the following notional amounts:
($ in millions) | November 2, 2019 |  | February 2, 2019 |  | November 3, 2018
Derivatives designated as cash flow hedges | $ | 640 |  |  | $ | 774 |  |  | $ | 815 |
Derivatives not designated as hedging instruments | 706 |  |  | 660 |  |  | 717 |
Total | $ | 1,346 |  |  | $ | 1,434 |  |  | $ | 1,532 |
Fair Values of Asset and Liability Derivative Financial Instruments | The fair values of foreign exchange forward contracts are as follows:
($ in millions) | November 2, 2019 |  | February 2, 2019 |  | November 3, 2018
Derivatives designated as cash flow hedges: |  |  |  |  |
Other current assets | $ | 7 |  |  | $ | 15 |  |  | $ | 21 |
Other long-term assets | 1 |  |  | — |  |  | 5 |
Accrued expenses and other current liabilities | 2 |  |  | 3 |  |  | 1 |
Derivatives not designated as hedging instruments: |  |  |  |  |
Other current assets | 4 |  |  | 5 |  |  | 20 |
Accrued expenses and other current liabilities | 8 |  |  | 8 |  |  | — |
Total derivatives in an asset position | $ | 12 |  |  | $ | 20 |  |  | $ | 46 |
Total derivatives in a liability position | $ | 10 |  |  | $ | 11 |  |  | $ | 1 |
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 designated in a cash flow hedging relationship recorded in other comprehensive income, on a pre-tax basis, are as follows:
| 13 Weeks Ended |  | 39 Weeks Ended
($ in millions) | November 2, 2019 |  | November 3, 2018 |  | November 2, 2019 |  | November 3, 2018
Gain recognized in other comprehensive income | $ | — |  |  | $ | 12 |  |  | $ | 15 |  |  | $ | 55 |
The pre-tax amounts recognized in income related to derivative instruments are as follows:
| Location and Amount of (Gain) Loss Recognized in Income
| 13 Weeks Ended November 2, 2019 |  | 13 Weeks Ended November 3, 2018
($ in millions) | Cost of goods sold and occupancy expenses |  | Operating expenses |  | Cost of goods sold and occupancy expenses |  | Operating expenses
Total amount of expense line items presented in the Condensed Consolidated Statements of Income in which the effects of derivatives are recorded | $ | 2,439 |  |  | $ | 1,338 |  |  | $ | 2,466 |  |  | $ | 1,260 |
(Gain) loss recognized in income |  |  |  |  |  |  |
Derivatives designated as cash flow hedges | $ | (9 | ) |  | $ | — |  |  | $ | (8 | ) |  | $ | — |
Derivatives not designated as hedging instruments | — |  |  | 8 |  |  | — |  |  | (14 | )
Total (gain) loss recognized in income | $ | (9 | ) |  | $ | 8 |  |  | $ | (8 | ) |  | $ | (14 | )
| Location and Amount of (Gain) Loss Recognized in Income
| 39 Weeks Ended November 2, 2019 |  | 39 Weeks Ended November 3, 2018
($ in millions) | Cost of goods sold and occupancy expenses |  | Operating expenses |  | Cost of goods sold and occupancy expenses |  | Operating expenses
Total amount of expense line items presented in the Condensed Consolidated Statements of Income in which the effects of derivatives are recorded | $ | 7,250 |  |  | $ | 3,640 |  |  | $ | 7,280 |  |  | $ | 3,687 |
(Gain) recognized in income |  |  |  |  |  |  |
Derivatives designated as cash flow hedges | $ | (21 | ) |  | $ | — |  |  | $ | (5 | ) |  | $ | — |
Derivatives not designated as hedging instruments | — |  |  | (4 | ) |  | — |  |  | (38 | )
Total (gain) recognized in income | $ | (21 | ) |  | $ | (4 | ) |  | $ | (5 | ) |  | $ | (38 | )

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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 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 + Details
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