Derivative Financial Instruments (Tables)

9 Months Ended

Oct. 28, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Foreign Exchange Forward Contracts Outstanding

We had foreign exchange forward contracts outstanding in the following notional amounts:

($ in millions)	October 28, 2017		January 28, 2017		October 29, 2016
Derivatives designated as cash flow hedges	$	873	$	1,101	$	1,201
Derivatives designated as net investment hedges	30		31		31
Derivatives not designated as hedging instruments	581		618		664
Total	$	1,484	$	1,750	$	1,896

Fair Values of Asset and Liability Derivative Financial Instruments

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

($ in millions)	October 28, 2017		January 28, 2017		October 29, 2016
Derivatives designated as cash flow hedges:
Other current assets	$	16	$	28	$	35
Other long-term assets	$	4	$	16	$	13
Accrued expenses and other current liabilities	$	11	$	10	$	26
Lease incentives and other long-term liabilities	$	2	$	1	$	8
Derivatives designated as net investment hedges:
Other current assets	$	—	$	—	$	1
Other long-term assets	$	—	$	—	$	—
Accrued expenses and other current liabilities	$	2	$	—	$	—
Lease incentives and other long-term liabilities	$	—	$	—	$	—
Derivatives not designated as hedging instruments:
Other current assets	$	11	$	13	$	13
Other long-term assets	$	—	$	1	$	—
Accrued expenses and other current liabilities	$	5	$	10	$	14
Lease incentives and other long-term liabilities	$	—	$	—	$	1
Total derivatives in an asset position	$	31	$	58	$	62
Total derivatives in a liability position	$	20	$	21	$	49

Effects of Derivative Financial Instruments on OCI and Condensed 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 other comprehensive income and the Condensed Consolidated Statements of Income, on a pre-tax basis, are as follows:

	13 Weeks Ended						39 Weeks Ended
($ in millions)	October 28, 2017			October 29, 2016			October 28, 2017			October 29, 2016
Derivatives in cash flow hedging relationships:
Gain (loss) recognized in other comprehensive income	$	25		$	43		$	(26	)	$	(62	)
Gain (loss) reclassified into cost of goods sold and occupancy expenses	$	(5	)	$	2		$	2		$	15
Loss reclassified into operating expenses	$	—		$	(2	)	$	—		$	(10	)
Derivatives in net investment hedging relationships:
Gain (loss) recognized in other comprehensive income	$	1		$	1		$	(1	)	$	(1	)

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 Condensed Consolidated Statements of Income, on a pre-tax basis, are as follows:

	13 Weeks Ended				39 Weeks Ended
($ in millions)	October 28, 2017		October 29, 2016		October 28, 2017			October 29, 2016
Gain (loss) recognized in operating expenses	$	10	$	12	$	(13	)	$	(5	)