Fair Value Measurements (Tables)

6 Months Ended

Aug. 03, 2013

Fair Value Measurements

Fair Value Measurements - Recurring Basis

Fair Value Measurements - Recurring Basis
	Fair Value at						Fair Value at						Fair Value at
	August 3, 2013						February 2, 2013						July 28, 2012
(millions)	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents
Short-term investments	$	249	$	—	$	—	$	130	$	—	$	—	$	830	$	—	$	—
Other current assets
Interest rate swaps(a)	—		—		—		—		4		—		—		19		—
Prepaid forward contracts	73		—		—		73		—		—		72		—		—
Beneficial interest asset(b)	—		—		91		—		—		—		—		—		—
Other noncurrent assets
Interest rate swaps(a)	—		74		—		—		85		—		—		93		—
Company-owned life insurance investments(c)	—		297		—		—		269		—		—		386		—
Beneficial interest asset(b)	—		—		89		—		—		—		—		—		—
Total	$	322	$	371	$	180	$	203	$	358	$	—	$	902	$	498	$	—
Liabilities
Other current liabilities
Interest rate swaps(a)	$	—	$	—	$	—	$	—	$	2	$	—	$	—	$	7	$	—
Other noncurrent liabilities
Interest rate swaps(a)	—		45		—		—		54		—		—		62		—
Total	$	—	$	45	$	—	$	—	$	56	$	—	$	—	$	69	$	—

(a) There was one interest rate swap designated as an accounting hedge in all periods presented. See Note 5 for additional information on interest rate swaps.

(b)  A rollforward of the Level 3 beneficial interest asset is included in Note 2.

(c) Company-owned life insurance investments consist of equity index funds and fixed income assets. Amounts are presented net of nonrecourse loans that are secured by some of these policies. These loan amounts were $787 million at August 3, 2013, $817 million at February 2, 2013 and $667 million at July 28, 2012.