ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jul. 31, 2020

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 12 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss) is presented in stockholders’ equity (deficit) in the Condensed Consolidated Statements of Financial Position and consists of amounts related to foreign currency translation adjustments, unrealized net gains (losses) on cash flow hedges, and actuarial net gains (losses) from pension and other postretirement plans.

The following table presents changes in accumulated other comprehensive income (loss), net of tax, by the following components as of the dates indicated:

	Foreign Currency Translation Adjustments		Cash Flow Hedges		Pension and Other Postretirement Plans		Accumulated Other Comprehensive Income (Loss)
	(in millions)
Balances as of January 31, 2020	$	(678)	$	14	$	(45)	$	(709)
Other comprehensive income (loss) before reclassifications	264		(90)		(22)		152
Amounts reclassified from accumulated other comprehensive income (loss)	—		(108)		4		(104)
Total change for the period	264		(198)		(18)		48
Less: Change in comprehensive loss attributable to non-controlling interests	—		(1)		—		(1)
Balances as of July 31, 2020	$	(414)	$	(183)	$	(63)	$	(660)

Amounts related to the Company’s cash flow hedges are reclassified to net income during the same period in which the items being hedged are recognized in earnings. See Note 7 of the Notes to the Condensed Consolidated Financial Statements for more information on the Company’s derivative instruments.

The following table presents reclassifications out of accumulated other comprehensive income (loss), net of tax, to net income for the periods indicated:

	Three Months Ended
	July 31, 2020						August 2, 2019
	Cash Flow Hedges		Pensions		Total		Cash Flow Hedges		Pensions		Total
	(in millions)
Total reclassifications, net of tax:
Net revenue	$	9	$	—	$	9	$	68	$	—	$	68
Cost of net revenue	(1)		—		(1)		—		—		—
Operating expenses	—		(2)		(2)		—		—		—
Total reclassifications, net of tax	$	8	$	(2)	$	6	$	68	$	—	$	68
	Six Months Ended
	July 31, 2020						August 2, 2019
	Cash Flow Hedges		Pensions		Total		Cash Flow Hedges		Pensions		Total
	(in millions)						(in millions)
Total reclassifications, net of tax:
Net revenue	$	105	$	—	$	105	$	126	$	—	$	126
Cost of net revenue	3		—		3		—		—		—
Operating expenses	—		(4)		(4)		—		—		—
Total reclassifications, net of tax	$	108	$	(4)	$	104	$	126	$	—	$	126