XML 38 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
BASIS OF PRESENTATION (Tables)
 6 Months Ended
Aug. 04, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The following financial statement line items for the periods presented were affected by the adoption of the new standard. Operating income for the 13- and 26- week periods ended July 29, 2017 also contains the impact of the accounting standards update related to classification of net periodic pension cost, of $246 million and $292 million, respectively. Also, retained deficit as of January 31, 2016 increased from $3,291 million, as originally reported, to $3,310 million as a result of the adoption of the new standard.
Condensed Consolidated Statement of Operations
 
 
 
 
 
 
13 Weeks Ended
 
July 29, 2017
millions, except per share data
As Originally Reported
 
As Adjusted
 
Effect of Adoption of New Standard
Merchandise sales
$
3,498

 
$
3,414

 
$
(84
)
Services and other
867

 
864

 
(3
)
Cost of sales, buying and occupancy - merchandise sales
2,902

 
2,815

 
(87
)
Operating (loss) income
(106
)
 
141

 
247

Net loss attributable to Holdings' Shareholders
(251
)
 
(250
)
 
1

Basic loss per share
(2.34
)
 
(2.33
)
 
0.01

 
 
 
 
 
 
 
26 Weeks Ended
 
July 29, 2017
millions, except per share data
As Originally Reported
 
As Adjusted
 
Effect of Adoption of New Standard
Merchandise sales
$
6,927

 
$
6,743

 
$
(184
)
Services and other
1,739

 
1,734

 
(5
)
Cost of sales, buying and occupancy - merchandise sales
5,785

 
5,594

 
(191
)
Operating income
196

 
490

 
294

Net loss attributable to Holdings' Shareholders
(7
)
 
(5
)
 
2

Basic loss per share
(0.07
)
 
(0.05
)
 
0.02

Condensed Consolidated Balance Sheets
 
 
 
 
 
 
January 28, 2017
millions
As Originally Reported
 
As Adjusted
 
Effect of Adoption of New Standard
Prepaid expenses and other current assets
$
285

 
$
300

 
$
15

Other current liabilities
1,956

 
1,971

 
15

Other long-term liabilities
1,002

 
1,009

 
7

Total Deficit
(3,824
)
 
(3,831
)
 
(7
)
 
 
 
 
 
 
 
July 29, 2017
millions
As Originally Reported
 
As Adjusted
 
Effect of Adoption of New Standard
Prepaid expenses and other current assets
$
318

 
$
334

 
$
16

Other current liabilities
1,686

 
1,700

 
14

Other long-term liabilities
985

 
992

 
7

Total Deficit
(3,651
)
 
(3,656
)
 
(5
)
 
 
 
 
 
 
 
February 3, 2018
millions
As Originally Reported
 
As Adjusted
 
Effect of Adoption of New Standard
Prepaid expenses and other current assets
$
335

 
$
346

 
$
11

Other current liabilities
1,568

 
1,575

 
7

Other long-term liabilities
928

 
935

 
7

Total Deficit
(3,723
)
 
(3,726
)
 
(3
)
Condensed Consolidated Statements of Cash Flows
 
 
 
 
 
 
26 Weeks Ended
 
July 29, 2017
millions
As Originally Reported
 
As Adjusted
 
Effect of Adoption of New Standard
Net loss
$
(7
)
 
$
(5
)
 
$
2

Change in other operating liabilities
(327
)
 
(329
)
 
(2
)
Schedule of Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Condensed Consolidated Balance Sheets that sum to the total of the same such amounts shown in the Condensed Consolidated Statements of Cash Flows as of August 4, 2018, July 29, 2017 and February 3, 2018.
millions
August 4,
2018
 
July 29,
2017
 
February 3,
2018
Cash and cash equivalents
$
110

 
$
121

 
$
113

Cash posted as collateral
5

 
4

 
4

Credit card deposits in transit
78

 
87

 
65

Total cash and cash equivalents
193

 
212

 
182

Restricted cash
248

 
230

 
154

Total cash balances
$
441

 
$
442

 
$
336
Schedule of Restricted Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Condensed Consolidated Balance Sheets that sum to the total of the same such amounts shown in the Condensed Consolidated Statements of Cash Flows as of August 4, 2018, July 29, 2017 and February 3, 2018.
millions
August 4,
2018
 
July 29,
2017
 
February 3,
2018
Cash and cash equivalents
$
110

 
$
121

 
$
113

Cash posted as collateral
5

 
4

 
4

Credit card deposits in transit
78

 
87

 
65

Total cash and cash equivalents
193

 
212

 
182

Restricted cash
248

 
230

 
154

Total cash balances
$
441

 
$
442

 
$
336