FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Oct. 28, 2016

Hierarchy for assets measured on a recurring basis

The following table presents the Company's hierarchy for its assets and liabilities measured at fair value on a recurring basis as of October 28, 2016 and January 29, 2016:



	October 28, 2016 (a)								January 29, 2016
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs				Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	(in millions)
Assets:
Cash equivalents:
Money market funds	$	4,222	$	—	$	—	$	4,222	$	3,832	$	—	$	—	$	3,832
Municipal obligations	—		15		—		15		—		—		—		—
Debt securities:
U.S. government and agencies	479		520		—		999		—		—		—		—
U.S. corporate	—		1,946		—		1,946		—		—		—		—
Foreign	—		2,201		—		2,201		—		—		—		—
Municipal obligations	—		382		—		382		—		—		—		—
Asset-backed securities	—		4		—		4		—		—		—		—
Equity and other securities	158		—		—		158		—		—		—		—
Derivative instruments	—		204		—		204		—		195		—		195
Common stock purchase agreement	—		—		—		—		—		—		10		10
Total assets	$	4,859	$	5,272	$	—	$	10,131	$	3,832	$	195	$	10	$	4,037
Liabilities:
Derivative instruments	$	—	$	18	$	—	$	18	$	—	$	12	$	—	$	12
Debt - Other	—		—		—		—		—		—		28		28
Total liabilities	$	—	$	18	$	—	$	18	$	—	$	12	$	28	$	40

____________________

(a) The Company did not transfer any securities between levels during the nine months ended October 28, 2016.

Hierarchy for liabilities measured on a recurring basis

The following table presents the Company's hierarchy for its assets and liabilities measured at fair value on a recurring basis as of October 28, 2016 and January 29, 2016:



	October 28, 2016 (a)								January 29, 2016
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs				Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	(in millions)
Assets:
Cash equivalents:
Money market funds	$	4,222	$	—	$	—	$	4,222	$	3,832	$	—	$	—	$	3,832
Municipal obligations	—		15		—		15		—		—		—		—
Debt securities:
U.S. government and agencies	479		520		—		999		—		—		—		—
U.S. corporate	—		1,946		—		1,946		—		—		—		—
Foreign	—		2,201		—		2,201		—		—		—		—
Municipal obligations	—		382		—		382		—		—		—		—
Asset-backed securities	—		4		—		4		—		—		—		—
Equity and other securities	158		—		—		158		—		—		—		—
Derivative instruments	—		204		—		204		—		195		—		195
Common stock purchase agreement	—		—		—		—		—		—		10		10
Total assets	$	4,859	$	5,272	$	—	$	10,131	$	3,832	$	195	$	10	$	4,037
Liabilities:
Derivative instruments	$	—	$	18	$	—	$	18	$	—	$	12	$	—	$	12
Debt - Other	—		—		—		—		—		—		28		28
Total liabilities	$	—	$	18	$	—	$	18	$	—	$	12	$	28	$	40

____________________

(a) The Company did not transfer any securities between levels during the nine months ended October 28, 2016.

The following table summarizes the carrying value and estimated fair value of the Company's outstanding debt as described in Note 8 of the Notes to the Unaudited Condensed Consolidated Financial Statements, including the current portion, as of the dates indicated:



	October 28, 2016				January 29, 2016
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(in billions)
Term Loan Facilities	$	—	$	—	$	6.1	$	6.2
Senior Secured Credit Facilities	$	15.6	$	15.9	$	—	$	—
Senior First Lien Notes	$	—	$	—	$	1.4	$	1.5
First Lien Notes	$	19.6	$	21.7	$	—	$	—
Unsecured Notes and Debentures	$	2.3	$	2.5	$	2.7	$	2.7
Senior Notes	$	3.1	$	3.5	$	—	$	—
EMC Notes	$	5.5	$	5.3	$	—	$	—
Bridge Facilities	$	6.1	$	6.2	$	—	$	—