Fair Value Measurements (Tables)

9 Months Ended

Oct. 29, 2016

Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table sets 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 October 29, 2016, January 30, 2016, and October 31, 2015, according to the valuation techniques we used to determine their fair values ($ in millions).



		Fair Value at
	Fair Value Hierarchy	October 29, 2016		January 30, 2016		October 31, 2015
ASSETS
Cash and cash equivalents
Money market funds	Level 1	$	97	$	51	$	2
Commercial paper	Level 2	—		265		108
Time deposits	Level 2	11		306		222
Short-term investments
Corporate bonds	Level 2	—		193		333
Commercial paper	Level 2	250		122		288
Time deposits	Level 2	1,527		990		1,029
Other current assets
Money market funds	Level 1	3		—		—
Commercial paper	Level 2	60		—		—
Foreign currency derivative instruments	Level 2	5		18		14
Time deposits	Level 2	100		79		79
Other assets
Interest rate swap derivative instruments	Level 2	13		25		10
Auction rate securities	Level 3	—		2		2
Marketable securities that fund deferred compensation	Level 1	96		96		96

LIABILITIES
Accrued Liabilities
Foreign currency derivative instruments	Level 2	3		1		—

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 three and nine months ended October 29, 2016, and October 31, 2015 ($ in millions):



	Impairments								Remaining Net Carrying Value⁽¹⁾
	Three Months Ended				Nine Months Ended
	October 29, 2016		October 31, 2015		October 29, 2016		October 31, 2015		October 29, 2016		October 31, 2015
Property and equipment (non-restructuring)	$	8	$	9	$	16	$	34	$	—	$	10
Restructuring activities⁽²⁾
Tradename	—		—		—		40		—		—
Property and equipment	1		—		8		30		—		—
Total	$	9	$	9	$	24	$	104	$	—	$	10


(1)	Remaining net carrying value approximates fair value. Because assets subject to long-lived asset impairment are not measured at fair value on a recurring basis, certain fair value measurements presented in the table may reflect values at earlier measurement dates and may no longer represent the fair values at October 29, 2016, and October 31, 2015.


(2)	See Note 5, Restructuring Charges, for additional information.