ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Aug. 13, 2016

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

10.   ACCUMULATED  OTHER  COMPREHENSIVE INCOME (LOSS)

The following table represents the changes in AOCI by component for the first two quarters of 2015 and 2016:

	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)	17			7			—			24
Amounts reclassified out of AOCI(3)	—			—			29			29
Net current-period OCI	17			7			29			53
Balance at August 15, 2015	$	(32	)	$	24		$	(751	)	$	(759	)
Balance at January 30, 2016	$	(51	)	$	20		$	(649	)	$	(680	)
OCI before reclassifications(2)	(98		)	(6		)	—			(104		)
Amounts reclassified out of AOCI(3)	1			(14		)	15			2
Net current-period OCI	(97		)	(20		)	15			(102		)
Balance at August 13, 2016	$	(148	)	$	—		$	(634	)	$	(782	)

(1) All amounts are net of tax.

(2) Net of tax of $10 and $4 for cash flow hedging activities and available for sale securities, respectively, for the first two quarters of 2015.  Net of tax of $(58) and $(3) for cash flow hedging activities and available for sale securities, respectively, for the first two quarters of 2016.

(3) Net of tax of $17 for pension and postretirement defined benefit plans for the first two quarters of 2015.  Net of tax of $(13) for available for sale securities and $10 for pension and postretirement defined benefit plans for the first two quarters of 2016.

The following table represents the items reclassified out of AOCI and the related tax effects for the second quarter and first two quarters of 2016 and 2015:

	Second Quarter Ended						Two Quarters Ended
	August 13, 2016			August 15, 2015			August 13, 2016			August 15, 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			—
Available for sale securities
Realized gains and losses on available for sale securities(2)	(27		)	—			(27		)	—
Tax expense	13			—			13			—
Net of tax	(14		)	—			(14		)	—
Pension and postretirement defined benefit plan items
Amortization of amounts included in net periodic pension expense(3)	11			21			25			46
Tax expense	(5		)	(8		)	(10		)	(17		)
Net of tax	6			13			15			29
Total reclassifications, net of tax	$	(8	)	$	13		$	2		$	29

(1) Reclassified from AOCI into interest expense.

(2) Reclassified from AOCI into operating, general and administrative expense.

(3) 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).