Comprehensive Income (Loss)

12 Months Ended

Jan. 30, 2021

Comprehensive IncomeComprehensive Income includes gains and losses on foreign currency translation and on derivative instruments. The cumulative gains and losses on these items are included in Accumulated Other Comprehensive Income on the Consolidated Balance Sheets and Consolidated Statements of Shareholders' Equity (Deficit).

The following table provides the rollforward of accumulated other comprehensive income for 2020:


	Foreign Currency Translation		Cash Flow Hedges		Accumulated Other Comprehensive Income
	(in millions)
Balance as of February 1, 2020	$	52	$	—	$	52
Other Comprehensive Income (Loss) Before Reclassifications	(3)		(2)		(5)
Amounts Reclassified from Accumulated Other Comprehensive Income	36		—		36
Tax Effect	—		—		—
Current-period Other Comprehensive Income (Loss)	33		(2)		31
Balance as of January 30, 2021	$	85	$	(2)	$	83

As a result of the transition to a joint venture business model in the U.K. and the substantially complete liquidation of the Company's investment in the U.K., the Company reclassified $36 million of accumulated foreign-currency translation adjustments out of accumulated other comprehensive income and into earnings. For additional information, see Note 5, "Restructuring Activities."

The following table provides the rollforward of accumulated other comprehensive income for 2019:


	Foreign Currency Translation		Cash Flow Hedges		Accumulated Other Comprehensive Income
	(in millions)
Balance as of February 2, 2019	57		2		59
Other Comprehensive Income (Loss) Before Reclassifications	(5)		2		(3)
Amounts Reclassified from Accumulated Other Comprehensive Income	—		(5)		(5)
Tax Effect	—		1		1
Current-period Other Comprehensive Income (Loss)	(5)		(2)		(7)
Balance as of February 1, 2020	$	52	$	—	$	52