ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

May 03, 2020

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 6 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

AOCI consists of accumulated net unrealized gains or losses associated with foreign currency translation adjustments and the changes in the fair value of derivatives designated as cash flow hedges.

The balances and changes in AOCI, net of tax by component for the three months ended May 3, 2020 and May 5, 2019 was as follows (amounts in millions):

	Three Months Ended
	May 3,		May 5,
	2020		2019
Foreign currency translation adjustment:
Beginning balance	$	(15)	$	(15)
Other comprehensive income (loss) before reclassifications		1		—
Amounts reclassified from accumulated OCI into earnings		—		—
Ending balance	$	(14)	$	(15)
Cash flow hedge, net of tax:
Beginning balance	$	(37)	$	(15)
Other comprehensive income (loss) before reclassifications		(19)		(6)
Amounts reclassified from accumulated OCI into earnings(1)		3		1
Ending balance, net of tax of $19 and $7	$	(53)	$	(20)
Total ending balance of AOCI	$	(67)	$	(35)

(1) Unrealized loss reclassified into Interest expense.