Derivative Instruments (Tables)

3 Months Ended

May 04, 2019

Derivative Instruments [Abstract]

Gross Fair Values of Outstanding Derivative Instruments

	Balance Sheet	Assets
Contract Type	Location	May 4, 2019		February 2, 2019		May 5, 2018
Derivatives designated as net investment hedges	Other current assets	$	-	$	-	$	3
Derivatives designated as interest rate swaps	Other current assets and Other assets		28		26		5
Total		$	28	$	26	$	8

	Balance Sheet	Liabilities
Contract Type	Location	May 4, 2019		February 2, 2019		May 5, 2018
Derivatives designated as net investment hedges	Accrued liabilities	$	-	$	-	$	1
Derivatives designated as interest rate swaps	Long-term liabilities		6		1		15
Total		$	6	$	1	$	16

Effects of Derivative Instruments on OCI and Earnings

	Three Months Ended
Derivatives designated as net investment hedges	May 4, 2019		May 5, 2018
Pre-tax gain recognized in OCI	$	-	$	16

Effects of Derivatives Not Designated as Hedging Instruments on Earnings

		Gain Recognized
		Three Months Ended
Contract Type	Statement of Earnings Location	May 4, 2019		May 5, 2018
No hedge designation (foreign exchange contracts)	SG&A	$	1	$	1

Effects of Interest Rate Derivatives and Adjustments to LTD on Earnings

		Gain (Loss) Recognized
		Three Months Ended
Contract Type	Statement of Earnings Location	May 4, 2019		May 5, 2018
Interest rate swap contracts	Interest expense	$	(2)	$	(5)
Adjustments to carrying value of long-term debt	Interest expense		2		5
Total		$	-	$	-

Notional Amount of Derivative Instruments

	Notional Amount
Contract Type	May 4, 2019		February 2, 2019		May 5, 2018
Derivatives designated as net investment hedges	$	15	$	15	$	135
Derivatives designated as interest rate swaps		1,150		1,150		1,150
No hedge designation (foreign exchange contracts)		44		9		39
Total	$	1,209	$	1,174	$	1,324