Fair Value Measurements (Tables)

12 Months Ended

Jan. 30, 2016

Schedule of Fair Value Measurements - Recurring Basis

Fair value measurements are reported in one of three levels based on the lowest level of significant input used: Level 1 (unadjusted quoted prices in active markets); Level 2 (observable market inputs, other than quoted prices included in Level 1); and Level 3 (unobservable inputs that cannot be corroborated by observable market data).



Fair Value Measurements - Recurring Basis		Fair Value at
(millions)	Pricing Category	January 30, 2016		January 31, 2015
Assets
Cash and cash equivalents
Short-term investments	Level 1	$	3,008	$	1,520
Other current assets
Interest rate swaps^(a)	Level 2	12		—
Prepaid forward contracts	Level 1	32		38
Beneficial interest asset	Level 3	19		43
Other noncurrent assets
Interest rate swaps^(a)	Level 2	27		65
Beneficial interest asset	Level 3	12		31
Liabilities
Other current liabilities
Interest rate swaps^(a)	Level 2	8		—
Other noncurrent liabilities
Interest rate swaps^(a)	Level 2	—		24


^(a)	See Note 21 for additional information on interest rate swaps.

Schedule of Significant Financial Instruments not Measured at Fair Value



Significant Financial Instruments not Measured at Fair Value ^(a) (millions)	2015				2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Debt ^(b)	$	11,859	$	13,385	$	11,875	$	14,089


^(a)	The carrying amounts of certain other current assets, accounts payable, and certain accrued and other current liabilities approximate fair value due to their short-term nature.


^(b)	The fair value of debt is generally measured using a discounted cash flow analysis based on current market interest rates for the same or similar types of financial instruments and would be classified as Level 2. These amounts exclude unamortized swap valuation adjustments and capital lease obligations.