DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

4 Months Ended

May 19, 2012

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of Outstanding Interest Rate Swaps Designated as Fair Value Hedges

	May 19, 2012					January 28, 2012
	PayFloating			PayFixed		PayFloating			PayFixed
Notional amount	$	1,175		$	—	$	1,625		$	—
Number of contracts	13			—		18			—
Duration in years	0.60			—		0.74			—
Average variable rate	3.39		%	—		3.84		%	—
Average fixed rate	5.53		%	—		5.87		%	—
Maturity	Between June 2012 and April 2013					Between April 2012 and April 2013

Schedule of gains or losses on fair value hedges and hedged items and the fair value of derivative instruments designated as fair value hedges

	First Quarter Ended
	May 19, 2012					May 21, 2011
Income Statement Classification	Gain/(Loss) on Swaps			Gain/(Loss) on Borrowings		Gain/(Loss) on Swaps			Gain/(Loss) on Borrowings
Interest Expense	$	(10	)	$	8	$	(4	)	$	5

The following table summarizes the location and fair value of derivative instruments designated as fair value hedges on the Company’s Consolidated Balance Sheets:

	Asset Derivatives
	Fair Value
Derivatives Designated as Fair Value Hedging Instruments	May 19, 2012		January 28, 2012		Balance Sheet Location
Interest Rate Hedges	$	15	$	25	Other Assets

Schedule of Effect of Derivative Instruments Designated as Cash Flow Hedges

	First Quarter Ended
	Amount of Gain/(Loss) in AOCI on Derivatives (Effective Portion)						Amount of Gain/(Loss) Reclassified from AOCI into Income (Effective Portion)					Location of Gain/(Loss)
Derivatives in Cash Flow Hedging Relationships	May 19, 2012			May 21, 2011			May 19, 2012			May 21, 2011		Reclassified into Income (Effective Portion)
Forward-Starting Interest Rate Swaps, net of tax*	$	(42	)	$	(5	)	$	(2	)	$	—	Interest expense

*The amount of Gain/(Loss) in AOCI on derivatives include unamortized proceeds and payments from forward-starting interest rate swaps once classified as cash flow hedges that were terminated prior to the first quarter of 2012.