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Fair Value Measurements (Tables)
6 Months Ended
Aug. 01, 2015
Fair Value Disclosures [Abstract]  
Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables set forth by level within the fair value hierarchy, our financial assets and liabilities that were accounted for at fair value on a recurring basis at August 1, 2015, January 31, 2015, and August 2, 2014, according to the valuation techniques we used to determine their fair values ($ in millions).
 
 
 
Fair Value Measurements
Using Inputs Considered as
 
Fair Value at
August 1, 2015
 
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
ASSETS
 

 
 

 
 

 
 

Cash and cash equivalents
 

 
 

 
 

 
 

Money market funds
$
21

 
$
21

 
$
—

 
$
—

Commercial paper
65

 
—

 
65

 
—

Short-term investments
 

 
 

 
 

 
 

Corporate bonds
402

 
—

 
402

 
—

Commercial paper
240

 
—

 
240

 
—

Other current assets
 
 
 
 
 
 
 
Foreign currency derivative instruments
21

 
—

 
21

 
—

Other assets
 

 
 

 
 

 
 

Interest rate swap derivative instruments
13

 
—

 
13

 
—

Auction rate securities
2

 
—

 
—

 
2

Marketable securities that fund deferred compensation
98

 
98

 
—

 
—


 
 
 
Fair Value Measurements
Using Inputs Considered as
 
Fair Value at
January 31, 2015
 
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
ASSETS
 

 
 

 
 

 
 

Cash and cash equivalents
 

 
 

 
 

 
 

Money market funds
$
265

 
$
265

 
$
—

 
$
—

Corporate bonds
13

 
—

 
13

 
—

Commercial paper
165

 
—

 
165

 
—

Short-term investments
 

 
 

 
 

 
 

Corporate bonds
276

 
—

 
276

 
—

Commercial paper
306

 
—

 
306

 
—

Other current assets
 

 
 

 
 

 
 

Foreign currency derivative instruments
30

 
—

 
30

 
—

Other assets
 

 
 

 
 

 
 

Interest rate swap derivative instruments
1

 
—

 
1

 
—

Auction rate securities
2

 
—

 
—

 
2

Marketable securities that fund deferred compensation
97

 
97

 
—

 
—

 
 
 
 
 
 
 
 
ASSETS HELD FOR SALE
 
 
 
 
 
 
 
Cash and cash equivalents
 
 
 
 
 
 
 
Money market funds
16

 
16

 
—

 
—

 
 
 
 
Fair Value Measurements
Using Inputs Considered as
 
Fair Value at
August 2, 2014
 
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
ASSETS
 

 
 

 
 

 
 

Cash and cash equivalents
 
 
 
 
 
 
 
Money market funds
$
211

 
$
211

 
$
—

 
$
—

Commercial paper
111

 
—

 
111

 
—

Short-term investments
 

 
 

 
 

 
 

Commercial paper
364

 
—

 
364

 
—

U.S. Treasury bills
100

 
100

 
—

 
—

Other current assets
 

 
 

 
 

 
 

Foreign currency derivative instruments
1

 
—

 
1

 
—

Other assets
 

 
 

 
 

 
 

Auction rate securities
9

 
—

 
—

 
9

Marketable equity securities
10

 
10

 
—

 
—

Marketable securities that fund deferred compensation
98

 
98

 
—

 
—


Fair Value, Assets and Liabilities Measured on Nonrecurring Basis
The following table summarizes the fair value remeasurements for non-restructuring property and equipment impairments and restructuring impairments recorded during the six months ended August 1, 2015, and August 2, 2014 ($ in millions):
 
Six Months Ended
 
Six Months Ended
 
August 1, 2015
 
August 2, 2014
 
Impairments
 
Remaining Net Carrying Value(1)
 
Impairments
 
Remaining Net Carrying Value(1)
Continuing operations
 
 
 
 
 
 
 
Property and equipment (non-restructuring)
$
26

 
$
9

 
$
21

 
$
8

Restructuring activities(2)
 
 
 
 
 
 
 
Tradename
40

 
—

 
—

 
—

Property and equipment
30

 
—

 
1

 
—

Total continuing operations
$
96

 
$
9

 
$
22

 
$
8

(1)
Remaining net carrying value approximates fair value.
(2)
See Note 5, Restructuring Charges, for additional information.