DEFINED BENEFIT PENSION PLANS (Tables)

12 Months Ended

Jan. 31, 2015

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Changes in Projected Benefit Obligations

The following tables provide information regarding our pension plans:

Obligation and Funded Status at End of Fiscal Year:

(In millions)	January 31, 2015			February 1, 2014
Change in projected benefit obligation:
Projected benefit obligation at beginning of year	$	137		$	128
Service cost	5			5
Interest cost	5			5
Employee contributions	—			1
Benefits paid	(6		)	(2		)
Actuarial loss (gain)	52			(1		)
Foreign currency impact	(19		)	1
Projected benefit obligation at end of year	$	174		$	137

Changes in Fair Value of Plan Assets

(In millions)	January 31, 2015			February 1, 2014
Change in fair value of plan assets:
Fair value of plan assets at beginning of year	$	118		$	105
Actual return on plan assets	17			5
Employer contributions	7			7
Employee contributions	—			1
Benefits paid	(6		)	(2		)
Foreign currency impact	(13		)	2
Fair value of plan assets at end of year	$	123		$	118

Funded Status

(In millions)	January 31, 2015			February 1, 2014
Reconciliation of funded status to total amount recognized:
Funded status	$	(51	)	$	(19	)
Amounts recognized in Consolidated Balance Sheets:
Other non-current liabilities	$	(51	)	$	(19	)
Amounts recognized in Accumulated other comprehensive loss:
Unrecognized actuarial losses, net of tax	$	42		$	9

Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets

Information for Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets:

(In millions)	January 31, 2015		February 1, 2014
Projected benefit obligation	$	174	$	137
Accumulated benefit obligation	150		118
Fair value of plan assets	123		118

Components of Net Periodic Benefit Cost

Components of Net Periodic Benefit Cost During Each Fiscal Year:

	Fiscal Years Ended
(In millions)	January 31, 2015			February 1, 2014			February 2, 2013
Service cost	$	5		$	5		$	5
Interest cost	5			5			5
Expected return on plan assets	(5		)	(5		)	(4		)
Net periodic benefit cost	$	5		$	5		$	6

Estimated Future Payments

Pension benefit payments, including amounts to be paid from our assets, and reflecting expected future service, as appropriate, are expected to be paid as follows:

(In millions)	Pension Benefits
2015	$	2
2016	2
2017	2
2018	2
2019	2
2020 through 2024	9

Weighted-average Assumptions Used to Determine Net Periodic Benefit Costs and Benefit Obligations

Weighted-average Assumptions Used to Determine Net Periodic Benefit Costs at Fiscal Year End:

	January 31, 2015		February 1, 2014		February 2, 2013
Discount rate	3.7	%	4.1	%	4.0	%
Expected rate of return on plan assets	4.5	%	4.9	%	4.6	%
Rate of compensation increase	2.6	%	2.7	%	2.8	%

Weighted-average Assumptions Used to Determine Benefit Obligations at Fiscal Year End:

	Fiscal Years Ended
	January 31, 2015		February 1, 2014
Discount rate	2.7	%	3.9	%
Rate of compensation increase	2.6	%	2.6	%

Weighted Average Asset Allocation by Asset Category

The following represents our pension plan target asset allocations for fiscal 2015, as well as the actual asset allocations as of January 31, 2015 and February 1, 2014:

	2015 Target Allocation		January 31, 2015		February 1, 2014
Equity securities	28.3	%	28.3	%	27.7	%
Debt securities	58.3	%	58.3	%	56.6	%
Insurance contracts	7.3	%	7.3	%	8.3	%
Cash and cash equivalents	6.1	%	6.1	%	7.4	%
Total	100	%	100	%	100	%

Schedule of Fair Value of Plan Assets

There have been no changes in valuation technique or related inputs for the fiscal years ended January 31, 2015 and February 1, 2014.

Fiscal 2014

(In millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Total
Equity Securities: (1)
Domestic	$	—	$	11	$	11
International	—		24		24
Fixed Income: (2)
Domestic	—		4		4
International	—		68		68
Insurance Contracts (3)	—		9		9
Cash and cash equivalents (4)	7		—		7
Total	$	7	$	116	$	123

Fiscal 2013

(In millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Total
Equity Securities: (1)
Domestic	$	—	$	12	$	12
International	—		21		21
Fixed Income: (2)
Domestic	—		2		2
International	—		64		64
Insurance Contracts (3)	—		10		10
Cash and cash equivalents (4)	9		—		9
Total	$	9	$	109	$	118

(1) Domestic and international equity securities categorized as Level 2 are valued using the Net Asset Value (“NAV”) per fund share, which is derived from quoted prices in active markets of the underlying securities.

(2) Domestic and international fixed-income securities categorized as Level 2 are valued using the NAV per fund share, which is derived using a market approach with inputs that include broker quotes, benchmark yields, base spreads and reported trades.

(3) Insurance contracts contain a minimum guaranteed return and are categorized as Level 2 as the fair value of the assets is equal to the total amount of all individual technical reserves plus the non allocated employer’s financing fund reserves at the valuation date. The individual technical and financing fund reserves are equal to the accumulated paid contributions taking into account the insurance ratification and any allocated profit sharing return.

(4) Cash and cash equivalents include highly liquid investments with original maturities of three months or less at acquisition. Due to the short-term nature of these investments, their carrying amounts approximate fair value. Therefore, we have determined that our cash and cash equivalents in their entirety are classified as Level 1 within the fair value hierarchy.