FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jan. 31, 2015

Fair value, Long-term Debt [Table Text Block]

The table below presents the carrying values and fair values of our Long-term debt including current portion as of January 31, 2015 and February 1, 2014, aggregated by level in the fair value hierarchy within which those measurements fall.



	Long-term Debt
(In millions)	Carrying Value		Fair Value		Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
January 31, 2015	$	4,788	$	4,416	$	1,346	$	2,315	$	755
February 1, 2014	5,007		4,541		1,411		2,303		827

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The table below presents our assets and liabilities measured at fair value on a recurring basis as of January 31, 2015 and February 1, 2014, aggregated by level in the fair value hierarchy within which those measurements fall.

Fiscal 2014



(In millions)	Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Liabilities
Derivative financial instruments:
Interest rate contracts	$	—	$	—	$	—	$	—
Foreign exchange contracts	—		2		—		2
Total liabilities	$	—	$	2	$	—	$	2

Fiscal 2013



(In millions)	Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Derivative financial instruments:
Interest rate contracts	$	—	$	13	$	—	$	13
Foreign exchange contracts	—		—		—		—
Total assets	$	—	$	13	$	—	$	13
Liabilities
Derivative financial instruments:
Interest rate contracts	$	—	$	1	$	—	$	1
Foreign exchange contracts	—		—		—		—
Total liabilities	$	—	$	1	$	—	$	1

Fair Value Measurements, Nonrecurring

As of January 31, 2015 and February 1, 2014, we did not have any long-lived assets or goodwill classified as Level 1 or Level 2 within the fair value hierarchy, respectively.

Fiscal 2014



(In millions)	Carrying Value Prior to Impairment		Significant Unobservable Inputs (Level 3)		Impairment Losses (1)
Long-lived assets held and used	$	20	$	7	$	13
Total	$	20	$	7	$	13

Fiscal 2013



(In millions)	Carrying Value Prior to Impairment		Significant Unobservable Inputs (Level 3) (2)		Impairment Losses (1)
Long-lived assets held and used	$	68	$	24	$	44
Goodwill (3)	445		64		378
Total	$	513	$	88	$	422


(1)	Refer to Note 1 entitled “SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES” for further details.


(2)	Includes fair values based on offers received of $11 million as of February 1, 2014 which were previously classified as Level 2 and should have been Level 3.


(3)	Includes foreign currency translation of $3 million.