Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Oct. 29, 2022

Accumulated Other Comprehensive Loss [Abstract]

Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss (“AOCL”), net of tax, is comprised of the following:

	October 29,		October 30,		January 29,
($ in millions)	2022		2021		2022
Foreign currency translation adjustments	$	(211)	$	(81)	$	(107)
Hedge contracts		(3)		—		—
Unrecognized pension cost and postretirement benefit		(229)		(262)		(236)
	$	(443)	$	(343)	$	(343)

Changes in Accumulated Other Comprehensive Loss

The changes in AOCL for the thirty-nine weeks ended October 29, 2022 were as follows:

	Foreign				Items Related
	Currency				to Pension and
	Translation		Hedge		Postretirement
($ in millions)	Adjustments		Contracts		Benefits		Total
Balance as of January 29, 2022	$	(107)		—	$	(236)	$	(343)
OCI before reclassification		(104)		5		1		(98)
Reclassification of hedges, net of tax		—		(8)		—		(8)
Amortization of pension actuarial loss, net of tax		—		—		6		6
Other comprehensive income		(104)		(3)		7		(100)
Balance as of October 29, 2022	$	(211)	$	(3)	$	(229)	$	(443)

Reclassification from Accumulated Other Comprehensive Loss

Reclassifications from AOCL for the thirty-nine weeks ended October 29, 2022 were as follows:

($ in millions)
Reclassification of hedge loss:
Cross-currency swap	$	(9)
Income tax		1
Reclassification of hedges, net of tax	$	(8)
Amortization of actuarial loss:
Pension benefits	$	8
Income tax benefit		(2)
Amortization of actuarial loss, net of tax	$	6
Total, net of tax	$	(2)