ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Apr. 29, 2022

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss) is presented in stockholders’ equity (deficit) in the Condensed Consolidated Statements of Financial Position and consists of amounts related to foreign currency translation adjustments, unrealized net gains (losses) on cash flow hedges, and actuarial net gains (losses) from pension and other postretirement plans.

The following table presents changes in accumulated other comprehensive income (loss), net of tax, by the following components as of the dates indicated:


	Foreign Currency Translation Adjustments		Cash Flow Hedges		Pension and Other Postretirement Plans		Accumulated Other Comprehensive Income (Loss)
	(in millions)
















Balances as of January 28, 2022	$	(526)	$	129	$	(34)	$	(431)
Other comprehensive income (loss) before reclassifications	(286)		372		17		103
Amounts reclassified from accumulated other comprehensive income (loss)	—		(96)		—		(96)
Total change for the period	(286)		276		17		7

Balances as of April 29, 2022	$	(812)	$	405	$	(17)	$	(424)

Amounts related to the Company’s cash flow hedges are reclassified to net income during the same period in which the items being hedged are recognized in earnings. See Note 8 of the Notes to the Condensed Consolidated Financial Statements for more information on the Company’s derivative instruments.

The following table presents reclassifications out of accumulated other comprehensive income (loss), net of tax, to net income for the periods indicated:


	Three Months Ended
	April 29, 2022						April 30, 2021
	Cash Flow Hedges		Pensions		Total		Cash Flow Hedges		Pensions		Total
	(in millions)
Total reclassifications, net of tax:
Net revenue	$	123	$	—	$	123	$	(30)	$	—	$	(30)
Cost of net revenue	(27)		—		(27)		2		—		2


Income from discontinued operations	—		—		—		1		—		1
Total reclassifications, net of tax	$	96	$	—	$	96	$	(27)	$	—	$	(27)