ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Nov. 09, 2024

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS).

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table represents the changes in AOCI by component for the first three quarters of 2024 and 2023:

			Pension and
	Cash Flow		Postretirement
	Hedging		Defined Benefit
	Activities(1)		Plans(1)		Total(1)
Balance at January 28, 2023	$	(129)	$	(503)	$	(632)
OCI before reclassifications(2)		317		—		317
Amounts reclassified out of AOCI(3)		4		(10)		(6)
Net current-period OCI		321		(10)		311
Balance at November 4, 2023	$	192	$	(513)	$	(321)
Balance at February 3, 2024	$	60	$	(549)	$	(489)
OCI before reclassifications(2)		(103)		—		(103)
Amounts reclassified out of AOCI(3)		6		(3)		3
Net current-period OCI		(97)		(3)		(100)
Balance at November 9, 2024	$	(37)	$	(552)	$	(589)

(1) All amounts are net of tax.

(2) Net of tax of $96 for cash flow hedging activities for the first three quarters of 2023 and $(30) for the first three quarters of 2024.

(3) Net of tax of $2 for cash flow hedging activities and $(3) for pension and postretirement defined benefit plans for the first three quarters of 2023. Net of tax of $1 for cash flow hedging activities and $(1) for pension and postretirement defined benefit plans for the first three quarters of 2024.

The following table represents the items reclassified out of AOCI and the related tax effects for the first three quarters of 2024 and 2023:

	Third Quarter Ended				Three Quarters Ended
	November 9,		November 4,		November 9,		November 4,
	2024		2023		2024		2023
Cash flow hedging activity items:
Amortization of gains and losses on cash flow hedging activities(1)	$	2	$	2	$	7	$	6
Tax expense		—		(1)		(1)		(2)
Net of tax		2		1		6		4
Pension and postretirement defined benefit plan items:
Amortization of amounts included in net periodic pension cost(2)		(1)		(4)		(4)		(13)
Tax expense		—		1		1		3
Net of tax		(1)		(3)		(3)		(10)
Total reclassifications, net of tax	$	1	$	(2)	$	3	$	(6)

(1) Reclassified from AOCI into interest expense.

(2) Reclassified from AOCI into non-service component of company-sponsored pension plan costs. These components are included in the computation of net periodic pension cost (see Note 3 for additional details).