Fair Value Measurements (Tables)

12 Months Ended

Jan. 28, 2017

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 January 28, 2017 and January 30, 2016:

	January 28, 2017		January 30, 2016
	(in millions)
Principal Value	$	5,750	$	5,750
Fair Value (a)	6,030		6,209

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(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 January 28, 2017 and January 30, 2016:

	Level 1		Level 2		Level 3		Total
	(in millions)
As of January 28, 2017
Assets:
Cash and Cash Equivalents	$	1,934	$	—	$	—	$	1,934
Marketable Securities	5		—		—		5
Interest Rate Fair Value Hedges	—		2		—		2
Foreign Currency Cash Flow Hedges	—		18		—		18
Liabilities:
Foreign Currency Cash Flow Hedges	—		1		—		1
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