Fair Value Measurements (Tables)

12 Months Ended

Feb. 02, 2019

Fair value, assets and liabilities measured on recurring basis

The following table sets forth our financial assets and liabilities that were accounted for at fair value on a recurring basis at February 2, 2019, and February 3, 2018, by level within the fair value hierarchy as determined by the valuation techniques we used to determine the fair value ($ in millions):



		Fair Value at
	Fair Value Hierarchy	February 2, 2019		February 3, 2018
Assets
Cash and cash equivalents:
Money market funds	Level 1	$	98	$	21
Commercial paper	Level 2	—		90
Time deposits	Level 2	300		65
Short-term investments:
Commercial paper	Level 2	—		474
Time deposits	Level 2	—		1,558
Other current assets:
Money market funds	Level 1	82		3
Commercial paper	Level 2	—		60
Time deposits	Level 2	101		101
Foreign currency derivative instruments	Level 2	—		2
Other assets:
Marketable securities that fund deferred compensation	Level 1	44		99
Interest rate swap derivative instruments	Level 2	26		—

Liabilities
Accrued liabilities:
Foreign currency derivative instruments	Level 2	—		8
Interest rate swap derivative instruments	Level 2	—		1
Long-term liabilities:
Interest rate swap derivative instruments	Level 2	1		4

Fair value, assets and liabilities measured on nonrecurring basis, fair value remeasurements (impairments)

The following table summarizes the fair value remeasurements related to continuing operations recorded in fiscal 2019 and fiscal 2018 ($ in millions):



	2019				2018
	Impairments		Remaining Net Carrying Value⁽¹⁾		Impairments		Remaining Net Carrying Value ⁽¹⁾
Property and equipment (non-restructuring)	$	9	$	1	$	9	$	—
Property and equipment (restructuring)⁽²⁾	—		—		1		—
Total	$	9	$	1	$	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basis, certain fair value measurements presented in the table may reflect values at earlier measurement dates and may no longer represent the fair values at February 2, 2019, and February 3, 2018.


(2)	See Note 9, Restructuring Charges, for additional information.