Derivative Financial Instruments (Tables)

12 Months Ended

Jan. 28, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Foreign Exchange Forward Contracts Outstanding

As of January 28, 2017 and January 30, 2016, we had foreign exchange forward contracts outstanding in the following notional amounts:

($ in millions)	January 28, 2017		January 30, 2016
Derivatives designated as cash flow hedges	$	1,101	$	1,220
Derivatives designated as net investment hedges	31		30
Derivatives not designated as hedging instruments	618		324
Total	$	1,750	$	1,574

Fair Values of Asset and Liability Derivative Financial Instruments

The fair values of foreign exchange forward contracts are as follows:

($ in millions)	January 28, 2017		January 30, 2016
Derivatives designated as cash flow hedges:
Other current assets	$	28	$	71
Other long-term assets	$	16	$	8
Accrued expenses and other current liabilities	$	10	$	1
Lease incentives and other long-term liabilities	$	1	$	1
Derivatives designated as net investment hedges:
Other current assets	$	—	$	1
Other long-term assets	$	—	$	—
Accrued expenses and other current liabilities	$	—	$	—
Lease incentives and other long-term liabilities	$	—	$	—
Derivatives not designated as hedging instruments:
Other current assets	$	13	$	13
Other long-term assets	$	1	$	—
Accrued expenses and other current liabilities	$	10	$	1
Lease incentives and other long-term liabilities	$	—	$	—
Total derivatives in an asset position	$	58	$	93
Total derivatives in a liability position	$	21	$	3

Effects of Derivative Financial Instruments on OCI and Consolidated Statements of Income

The effective portion of gains and losses on foreign exchange forward contracts in cash flow hedging and net investment hedging relationships recorded in OCI and the Consolidated Statements of Income, on a pre-tax basis, are as follows:

	Fiscal Year
($ in millions)	2016			2015		2014
Derivatives in cash flow hedging relationships:
Gain (loss) recognized in other comprehensive income	$	(28	)	$	81	$	166
Gain reclassified into cost of goods sold and occupancy expenses	$	31		$	135	$	53
Gain (loss) reclassified into operating expenses	$	(8	)	$	9	$	8
Derivatives in net investment hedging relationships:
Gain (loss) recognized in other comprehensive income	$	(2	)	$	3	$	4

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

Gains and losses on foreign exchange forward contracts not designated as hedging instruments recorded in the Consolidated Statements of Income, on a pre-tax basis are as follows:

	Fiscal Year
($ in millions)	2016		2015		2014
Gain recognized in operating expenses	$	18	$	16	$	20