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Derivative Financial Instruments (Tables) | 12 Months Ended
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Feb. 01, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Foreign Exchange Forward Contracts Outstanding | As of February 1, 2020 and February 2, 2019, we had foreign exchange forward contracts outstanding in the following notional amounts:
($ in millions) | February 1, 2020 |  | February 2, 2019
Derivatives designated as cash flow hedges | $ | 501 |  |  | $ | 774 |
Derivatives not designated as hedging instruments | 689 |  |  | 660 |
Total | $ | 1,190 |  |  | $ | 1,434 |
Fair Values of Asset and Liability Derivative Financial Instruments | The fair values of foreign exchange forward contracts are as follows:
($ in millions) | February 1, 2020 |  | February 2, 2019
Derivatives designated as cash flow hedges: |  |  |
Other current assets | $ | 6 |  |  | $ | 15 |
Accrued expenses and other current liabilities | 2 |  |  | 3 |
Derivatives not designated as hedging instruments: |  |  |
Other current assets | 4 |  |  | 5 |
Accrued expenses and other current liabilities | 8 |  |  | 8 |
Total derivatives in an asset position | $ | 10 |  |  | $ | 20 |
Total derivatives in a liability position | $ | 10 |  |  | $ | 11 |
Effects of Derivative Financial Instruments on OCI and Consolidated Statements of Income | The effective portion of gains and losses on foreign exchange forward contracts designated in a cash flow hedging relationship and net investment hedging relationships recorded in OCI, on a pre-tax basis, are as follows:
| Fiscal Year
($ in millions) | 2019 |  | 2018 |  | 2017
Derivatives in cash flow hedging relationships: |  |  |  |  |
Gain (loss) recognized in other comprehensive income | $ | 18 |  |  | $ | 50 |  |  | $ | (60 | )
Derivatives in net investment hedging relationships: |  |  |  |  |
Loss recognized in other comprehensive income | $ | — |  |  | $ | — |  |  | $ | (1 | )
The pre-tax amounts recognized in income related to derivative instruments are as follows:
| Location and Amount of (Gain) Loss Recognized in Income
| Fiscal Year 2019 |  | Fiscal Year 2018 |  | Fiscal Year 2017
($ in millions) | Cost of goods sold and occupancy expenses |  | Operating expenses |  | 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 on the Consolidated Statements of Income in which the effects of derivatives are recorded | $ | 10,250 |  |  | $ | 5,559 |  |  | $ | 10,258 |  |  | $ | 4,960 |  |  | $ | 9,789 |  |  | $ | 4,587 |
(Gain) loss recognized in income: |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as cash flow hedges | $ | (29 | ) |  | $ | — |  |  | $ | (13 | ) |  | $ | (1 | ) |  | $ | — |  |  | $ | 1 |
Derivatives not designated as hedging instruments | — |  |  | (4 | ) |  | — |  |  | (33 | ) |  | — |  |  | 29 |
Total (gain) loss recognized in income | $ | (29 | ) |  | $ | (4 | ) |  | $ | (13 | ) |  | $ | (34 | ) |  | $ | — |  |  | $ | 30 |
Derivatives Not Designated as Hedging Instruments [Table Text Block] | .

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