DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Oct. 28, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional Amounts of Outstanding Derivative Instruments

The notional amounts of the Company's outstanding derivative instruments were as follows as of the dates indicated:



	October 28, 2016		January 29, 2016
	(in millions)
Foreign Exchange Contracts
Designated as cash flow hedging instruments	$	3,699	$	3,947
Non-designated as hedging instruments	3,016		985
Total	$	6,715	$	4,932

Interest Rate Contracts
Non-designated as hedging instruments	$	979	$	1,017

Effect of Derivative Instruments on the Consolidated Statements of Financial Position and the Consolidated Statements of Income (Loss)



Derivatives in Cash Flow Hedging Relationships	Gain (Loss) Recognized in Accumulated OCI, Net of Tax, on Derivatives (Effective Portion)			Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)			Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)	Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)
(in millions)
For the three months ended October 28, 2016
				Total net revenue	$	23
Foreign exchange contracts	$	82		Total cost of net revenue	(6		)
Interest rate contracts	—			Interest and other, net	—			Interest and other, net	$	—
Total	$	82			$	17			$	—

For the three months ended October 30, 2015
				Total net revenue	$	25
Foreign exchange contracts	$	12		Total cost of net revenue	14
Interest rate contracts	—			Interest and other, net	—			Interest and other, net	$	—
Total	$	12			$	39			$	—

For the nine months ended October 28, 2016
				Total net revenue	$	(44	)
Foreign exchange contracts	$	(25	)	Total cost of net revenue	(20		)
Interest rate contracts	—			Interest and other, net	—			Interest and other, net	$	—
Total	$	(25	)		$	(64	)		$	—

For the nine months ended October 30, 2015
				Total net revenue	$	280
Foreign exchange contracts	$	72		Total cost of net revenue	32
Interest rate contracts	—			Interest and other, net	—			Interest and other, net	$	(1	)
Total	$	72			$	312			$	(1	)

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The fair value of those derivative instruments presented on a gross basis as of each date indicated below was as follows:



	October 28, 2016
	Other Current Assets			Other Non- Current Assets		Other Current Liabilities			Other Non-Current Liabilities			Total Fair Value
				(in millions)
Derivatives Designated as Hedging Instruments
Foreign exchange contracts in an asset position	$	123		$	—	$	10		$	—		$	133
Foreign exchange contracts in a liability position	(3		)	—		(1		)	—			(4		)
Net asset (liability)	120			—		9			—			129
Derivatives not Designated as Hedging Instruments
Foreign exchange contracts in an asset position	260			8		83			—			351
Foreign exchange contracts in a liability position	(184		)	—		(109		)	—			(293		)
Interest rate contracts in an asset position	—			—		—			—			—
Interest rate contracts in a liability position	—			—		—			(1		)	(1		)
Net asset (liability)	76			8		(26		)	(1		)	57
Total derivatives at fair value	$	196		$	8	$	(17	)	$	(1	)	$	186

	January 29, 2016
	Other Current Assets			Other Non- Current Assets		Other Current Liabilities			Other Non-Current Liabilities			Total Fair Value
				(in millions)
Derivatives Designated as Hedging Instruments
Foreign exchange contracts in an asset position	$	100		$	—	$	—		$	—		$	100
Foreign exchange contracts in a liability position	(11		)	—		—			—			(11		)
Net asset (liability)	89			—		—			—			89
Derivatives not Designated as Hedging Instruments
Foreign exchange contracts in an asset position	301			1		—			—			302
Foreign exchange contracts in a liability position	(198		)	—		(5		)	(3		)	(206		)
Interest rate contracts in an asset position	—			2		—			—			2
Interest rate contracts in a liability position	—			—		—			(4		)	(4		)
Net asset (liability)	103			3		(5		)	(7		)	94
Total derivatives at fair value	$	192		$	3	$	(5	)	$	(7	)	$	183

Fair Value of Derivative Instruments in the Consolidated Statements of Financial Position

The following table presents the gross amounts of the Company's derivative instruments, amounts offset due to master netting agreements with the Company's various counterparties, and the net amounts recognized in the Condensed Consolidated Statements of Financial Position.



	October 28, 2016
	Gross Amounts of Recognized Assets/ (Liabilities)			Gross Amounts Offset in the Statement of Financial Position			Net Amounts of Assets/ (Liabilities) Presented in the Statement of Financial Position			Gross Amounts not Offset in the Statement of Financial Position				Net Amount
	Gross Amounts of Recognized Assets/ (Liabilities)			Gross Amounts Offset in the Statement of Financial Position						Financial Instruments		Cash Collateral Received or Pledged		Net Amount
	(in millions)
Derivative Instruments
Financial assets	$	484		$	(280	)	$	204		$	—	$	—	$	204
Financial liabilities	(298		)	280			(18		)	—		—		(18		)
Total Derivative Instruments	$	186		$	—		$	186		$	—	$	—	$	186

	January 29, 2016
	Gross Amounts of Recognized Assets/ (Liabilities)			Gross Amounts Offset in the Statement of Financial Position			Net Amounts of Assets/ (Liabilities) Presented in the Statement of Financial Position			Gross Amounts not Offset in the Statement of Financial Position				Net Amount
	Gross Amounts of Recognized Assets/ (Liabilities)			Gross Amounts Offset in the Statement of Financial Position						Financial Instruments		Cash Collateral Received or Pledged		Net Amount
	(in millions)
Derivative Instruments
Financial assets	$	404		$	(209	)	$	195		$	—	$	—	$	195
Financial liabilities	(221		)	209			(12		)	—		—		(12		)
Total Derivative Instruments	$	183		$	—		$	183		$	—	$	—	$	183

Fair Value of Derivative Instruments in the Consolidated Statements of Financial Position



	October 28, 2016
	Gross Amounts of Recognized Assets/ (Liabilities)			Gross Amounts Offset in the Statement of Financial Position			Net Amounts of Assets/ (Liabilities) Presented in the Statement of Financial Position			Gross Amounts not Offset in the Statement of Financial Position				Net Amount
	Gross Amounts of Recognized Assets/ (Liabilities)			Gross Amounts Offset in the Statement of Financial Position						Financial Instruments		Cash Collateral Received or Pledged		Net Amount
	(in millions)
Derivative Instruments
Financial assets	$	484		$	(280	)	$	204		$	—	$	—	$	204
Financial liabilities	(298		)	280			(18		)	—		—		(18		)
Total Derivative Instruments	$	186		$	—		$	186		$	—	$	—	$	186

	January 29, 2016
	Gross Amounts of Recognized Assets/ (Liabilities)			Gross Amounts Offset in the Statement of Financial Position			Net Amounts of Assets/ (Liabilities) Presented in the Statement of Financial Position			Gross Amounts not Offset in the Statement of Financial Position				Net Amount
	Gross Amounts of Recognized Assets/ (Liabilities)			Gross Amounts Offset in the Statement of Financial Position						Financial Instruments		Cash Collateral Received or Pledged		Net Amount
	(in millions)
Derivative Instruments
Financial assets	$	404		$	(209	)	$	195		$	—	$	—	$	195
Financial liabilities	(221		)	209			(12		)	—		—		(12		)
Total Derivative Instruments	$	183		$	—		$	183		$	—	$	—	$	183