Note 17 - Accumulated Other Comprehensive Loss

12 Months Ended

Feb. 01, 2025

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

17. Accumulated Other Comprehensive Loss

($ in millions)	2024			2023			2022
Foreign currency translation adjustments	$	(208	)	$	(173	)	$	(148	)
Hedge contracts		—			(2	)		(3	)
Unrecognized pension cost and postretirement benefit		(175	)		(191	)		(241	)
	$	(383	)	$	(366	)	$	(392	)

The changes in AOCL for the year ended February 1, 2025 were as follows:

($ in millions)	Foreign Currency Translation Adjustments			Hedge Contracts			Items Related to Pension and Postretirement Benefits			Total
Balance as of February 3, 2024	$	(173	)	$	(2	)	$	(191	)	$	(366	)
OCI before reclassification		(35	)		6			1			(28	)
Reclassification of hedges, net of tax		—			(4	)		—			(4	)
Amortization of pension actuarial loss, net of tax		—			—			5			5
Pension and postretirement remeasurement, net of tax		—			—			10			10
Other comprehensive income		(35	)		2			16			(17	)
Balance as of February 1, 2025	$	(208	)	$	—		$	(175	)	$	(383	)

Reclassifications to income from AOCL for the year ended February 1, 2025 were as follows:

($ in millions)
Reclassification of hedges:
Cross-currency swap	$	(4	)
Income tax		—
Reclassification of hedges, net of tax	$	(4	)
Reclassification of actuarial loss:
Amortization of pension and postretirement benefits	$	7
Income tax		(2	)
Reclassification of actuarial loss, net of tax	$	5