Derivative Instruments Derivative Instruments (Tables)

3 Months Ended

May 05, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following tables present the gross fair values for outstanding derivative instruments and the corresponding classification at May 5, 2018, and April 29, 2017 ($ in millions):

		Assets
Contract Type	Balance Sheet Location	May 5, 2018		February 3, 2018		April 29, 2017
Derivatives designated as net investment hedges	Other current assets	$	3	$	2	$	6
Derivatives designated as interest rate swaps	Other current assets and Other assets	5		—		4
No hedge designation (foreign exchange forward contracts)	Other current assets	—		—		1
Total		$	8	$	2	$	11

		Liabilities
Contract Type	Balance Sheet Location	May 5, 2018		February 3, 2018		April 29, 2017
Derivatives designated as net investment hedges	Accrued liabilities	$	1	$	7	$	—
Derivatives designated as interest rate swaps	Accrued liabilities and Long-term liabilities	15		5		1
No hedge designation (foreign exchange forward contracts)	Accrued liabilities	—		1		—
Total		$	16	$	13	$	1

Derivative Instruments, Gain (Loss) [Table Text Block]

The following table presents the effects of derivative instruments on other comprehensive income ("OCI") and on our Condensed Consolidated Statements of Earnings for the three months ended May 5, 2018, and April 29, 2017 ($ in millions):

	Three Months Ended				Three Months Ended
	May 5, 2018				April 29, 2017
Contract Type	Pre-tax Gain Recognized in OCI		Gain(Loss) Reclassified from Accumulated OCI to Earnings recognized in SG&A		Pre-tax Gain Recognized in OCI		Gain(Loss) Reclassified from Accumulated OCI to Earnings recognized in SG&A
Derivatives designated as net investment hedges	$	16	$	—	$	8	$	—

The following table presents the effects of derivatives not designated as hedging instruments on our Condensed Consolidated Statements of Earnings for the three months ended May 5, 2018, and April 29, 2017 ($ in millions):

		Three Months Ended
		May 5, 2018		April 29, 2017
Contract Type	Location of Gain Recognized	Gain Recognized		Gain Recognized
No hedge designation (foreign exchange contracts)	SG&A	$	1	$	1

The following table presents the effects of interest rate derivatives and adjustments to the carrying value of long-term debt on our Condensed Consolidated Statements of Earnings for the three months ended May 5, 2018, and April 29, 2017 ($ in millions):

		Gain (Loss) Recognized
Contract Type	Location of Gain (Loss) Recognized	May 5, 2018			April 29, 2017
Interest rate swap contracts	Interest Expense	$	(5	)	$	(10	)
Adjustments to carrying value of long-term debt	Interest Expense	5			10
Total		$	—		$	—

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

The following table presents the notional amounts of our derivative instruments at May 5, 2018, February 3, 2018, and April 29, 2017 ($ in millions):

	Notional Amount
Contract Type	May 5, 2018		February 3, 2018		April 29, 2017
Derivatives designated as net investment hedges	$	135	$	462	$	206
Derivatives designated as interest rate swap contracts	1,150		1,150		825
No hedge designation (foreign exchange forward contracts)	39		33		36
Total	$	1,324	$	1,645	$	1,067