Fair Value Measurements (Tables)

6 Months Ended

Jul. 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 July 30, 2016, January 30, 2016 and August 1, 2015:



	July 30, 2016		January 30, 2016		August 1, 2015
	(in millions)
Principal Value	$	5,750	$	5,750	$	4,750
Fair Value (a)	6,349		6,209		5,233

_______________


(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 Measurement. 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 July 30, 2016, January 30, 2016 and August 1, 2015:



	Level 1		Level 2		Level 3		Total
	(in millions)
As of July 30, 2016
Assets:
Cash and Cash Equivalents	$	1,273	$	—	$	—	$	1,273
Marketable Securities	8		—		—		8
Interest Rate Designated Fair Value Hedges	—		8		—		8
Cross-currency Cash Flow Hedges	—		16		—		16
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 August 1, 2015
Assets:
Cash and Cash Equivalents	$	780	$	—	$	—	$	780
Marketable Securities	50		—		—		50
Interest Rate Designated Fair Value Hedges	—		7		—		7
Cross-currency Cash Flow Hedges	—		25		—		25