ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

4 Months Ended

May 21, 2016

ACCUMULATED 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 January 31, 2015	$	(49	)	$	17		$	(780	)	$	(812	)
OCI before reclassifications(2)	20			3			—			23
Amounts reclassified out of AOCI(3)	—			—			16			16
Net current-period OCI	20			3			16			39
Balance at May 23, 2015	$	(29	)	$	20		$	(764	)	$	(773	)
Balance at January 30, 2016	$	(51	)	$	20		$	(649	)	$	(680	)
OCI before reclassifications(2)	(27		)	(6		)	—			(33		)
Amounts reclassified out of AOCI(3)	1			—			9			10
Net current-period OCI	(26		)	(6		)	9			(23		)
Balance at May 21, 2016	$	(77	)	$	14		$	(640	)	$	(703	)

(1) All amounts are net of tax.

(2) Net of tax of $12 and $1 for cash flow hedging activities and available for sale securities, respectively, for the first quarter of 2015 and $(15) and $(3) for cash flow hedging activities and available for sale securities, respectively, for the first quarter of 2016.

(3) Net of tax of $9 for pension and postretirement defined benefit plans for the first quarter of 2015 and $5 for pension and postretirement defined benefit plans for the first quarter of 2016.

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

	First Quarter Ended May 21, 2016			First Quarter Ended May 23, 2015
Gains on cash flow hedging activities
Amortization of gains and losses on cash flow hedging activities(1)	$	1		$	—
Tax expense	—			—
Net of tax	1			—
Pension and postretirement defined benefit plan items
Amortization of amounts included in net periodic pension expense(2)	14			25
Tax expense	(5		)	(9		)
Net of tax	9			16
Total reclassifications, net of tax	$	10		$	16

(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).