Fair Value Measurements (Tables)

9 Months Ended

Oct. 29, 2016

Carrying Value And Fair Value Of Long-Term Debt, Disclosure

The following table provides a summary of the principal value and estimated fair value of long-term debt as of October 29, 2016, January 30, 2016 and October 31, 2015:



	October 29, 2016		January 30, 2016		October 31, 2015
	(in millions)
Principal Value	$	5,750	$	5,750	$	5,750
Fair Value (a)	6,352		6,209		6,322

_______________


(a)	The estimated fair value of the Company’s publicly traded debt is based on reported transaction prices which are considered Level 2 inputs in accordance with ASC Topic 820, Fair Value Measurement. The estimates presented are not necessarily indicative of the amounts that the Company could realize in a current market exchange.

Fair Value, Assets And Liabilities Measured On Recurring Basis

The following table provides a summary of assets and liabilities measured in the consolidated financial statements at fair value on a recurring basis as of October 29, 2016, January 30, 2016 and October 31, 2015:



	Level 1		Level 2		Level 3		Total
	(in millions)
As of October 29, 2016
Assets:
Cash and Cash Equivalents	$	654	$	—	$	—	$	654
Marketable Securities	8		—		—		8
Interest Rate Fair Value Hedges	—		6		—		6
Foreign Currency Cash Flow Hedges	—		26		—		26
As of January 30, 2016
Assets:
Cash and Cash Equivalents	$	2,548	$	—	$	—	$	2,548
Marketable Securities	22		—		—		22
Interest Rate Fair Value Hedges	—		11		—		11
Foreign Currency Cash Flow Hedges	—		27		—		27
As of October 31, 2015
Assets:
Cash and Cash Equivalents	$	1,311	$	—	$	—	$	1,311
Marketable Securities	13		—		—		13
Interest Rate Fair Value Hedges	—		10		—		10
Foreign Currency Cash Flow Hedges	—		27		—		27