Fair Value Measurements (Tables)

3 Months Ended

Apr. 30, 2016

Carrying Value And Fair Value Of Long-Term Debt, Disclosure

The following table provides a summary of the principal value and estimated fair value of long-term debt as of April 30, 2016, January 30, 2016 and May 2, 2015:



	April 30, 2016		January 30, 2016		May 2, 2015
	(in millions)
Principal Value	$	5,750	$	5,750	$	4,750
Fair Value (a)	6,372		6,209		5,371

_______________


(a)	The estimated fair value of the Company’s publicly traded debt is based on reported transaction prices which are considered Level 2 inputs in accordance with ASC Topic 820, Fair Value Measurements and Disclosure. The estimates presented are not necessarily indicative of the amounts that the Company could realize in a current market exchange.

Fair Value, Assets And Liabilities Measured On Recurring Basis

The following table provides a summary of assets and liabilities measured in the consolidated financial statements at fair value on a recurring basis as of April 30, 2016, January 30, 2016 and May 2, 2015:



	Level 1		Level 2		Level 3		Total
	(in millions)
As of April 30, 2016
Assets:
Cash and Cash Equivalents	$	1,267	$	—	$	—	$	1,267
Marketable Securities	11		—		—		11
Interest Rate Designated Fair Value Hedges	—		10		—		10
Cross-currency Cash Flow Hedges	—		11		—		11
As of January 30, 2016
Assets:
Cash and Cash Equivalents	$	2,548	$	—	$	—	$	2,548
Marketable Securities	22		—		—		22
Interest Rate Designated Fair Value Hedges	—		11		—		11
Cross-currency Cash Flow Hedges	—		27		—		27
As of May 2, 2015
Assets:
Cash and Cash Equivalents	$	649	$	—	$	—	$	649
Marketable Securities	50		—		—		50
Interest Rate Designated Fair Value Hedges	—		7		—		7
Cross-currency Cash Flow Hedges	—		11		—		11