ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Feb. 02, 2024

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss) is presented in stockholders’ equity (deficit) in the 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 29, 2021	$	(150)	$	(86)	$	(78)	$	(314)
Other comprehensive income (loss) before reclassifications	(385)		374		37		26
Amounts reclassified from accumulated other comprehensive income (loss)	—		(158)		7		(151)
Spin-off of VMware	9		(1)		—		8
Total change for the period	(376)		215		44		(117)

Balances as of January 28, 2022	$	(526)	$	129	$	(34)	$	(431)
Other comprehensive income (loss) before reclassifications	(222)		354		1		133
Amounts reclassified from accumulated other comprehensive income (loss)	—		(705)		1		(704)

Total change for the period	(222)		(351)		2		(571)
Less: Change in comprehensive loss attributable to non-controlling interests	(1)		—		—		(1)
Balances as of February 3, 2023	$	(747)	$	(222)	$	(32)	$	(1,001)
Other comprehensive income (loss) before reclassifications	(8)		85		15		92
Amounts reclassified from accumulated other comprehensive income (loss)	—		107		2		109
Total change for the period	(8)		192		17		201

Balances as of February 2, 2024	$	(755)	$	(30)	$	(15)	$	(800)

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 9 of the Notes to the Consolidated Financial Statements for more information about 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:


	Fiscal Year Ended
	February 2, 2024		February 3, 2023				January 28, 2022
	Cash Flow Hedges		Pensions		Total		Cash Flow Hedges		Pensions		Total		Cash Flow Hedges		Pensions		Total

	(in millions)
Total reclassifications, net of tax:
Net revenue	$	(98)	$	—	$	(98)	$	736	$	—	$	736	$	158	$	—	$	158
Cost of net revenue	(9)		—		(9)		(31)		—		(31)		(3)		—		(3)
Operating expenses	—		(2)		(2)		—		(1)		(1)		—		(7)		(7)

Income from discontinued operations	—		—		—		—		—		—		3		—		3
Total reclassifications, net of tax	$	(107)	$	(2)	$	(109)	$	705	$	(1)	$	704	$	158	$	(7)	$	151