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OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
6 Months Ended
Aug. 17, 2013
OTHER COMPREHENSIVE INCOME (LOSS)  
Schedule of changes in AOCI by component

 

 

 

 

Cash Flow
Hedging
Activities(1)

 

Available for sale
Securities(1)

 

Pension and
Postretirement
Defined Benefit
Plans(1)

 

Total(1)

 

Balance at February 2, 2013

 

$

(14

)

$

7

 

$

(746

)

$

(753

)

OCI before reclassifications(2)

 

(9

)

4

 

 

(5

)

Amounts reclassified out of AOCI

 

1

 

 

33

 

34

 

Net current-period OCI

 

(8

)

4

 

33

 

29

 

Balance at August 17, 2013

 

$

(22

)

$

11

 

$

(713

)

$

(724

)

 

 

(1) All amounts are net of tax.

(2) Net of tax of $(5) and $2 for cash flow hedging activities and available for sale securities, respectively.

Schedule of items reclassified out of AOCI and the related tax effects

 

 

 

 

Second Quarter Ended
August 17, 2013

 

Two Quarters Ended
August 17, 2013

 

Gains on cash flow hedging activities

 

 

 

 

 

Amortization of unrealized gains and losses on cash flow hedging activities(1)

 

$

 

$

1

 

Tax (expense) / benefit

 

 

 

Net of tax

 

 

1

 

 

 

 

 

 

 

Pension and postretirement defined benefit plan items

 

 

 

 

 

Amortization of amounts included in net periodic pension expense(2)

 

23

 

53

 

Tax expense

 

(9

)

(20

)

Net of tax

 

14

 

33

 

Total reclassifications, net of tax

 

$

14

 

$

34

 

 

 

(1) Reclassified from AOCI into interest expense.

(2) Reclassified from AOCI into merchandise costs and operating, general and administrative expense.  These components are included in the computation of net periodic pension expense (see Note 4 to the Company’s Consolidated Financial Statements for additional details).