Derivative Financial Instruments (Tables)

9 Months Ended

Nov. 03, 2018

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)	November 3, 2018		February 3, 2018		October 28, 2017
Derivatives designated as cash flow hedges	$	815	$	745	$	873
Derivatives designated as net investment hedges	—		—		30
Derivatives not designated as hedging instruments	717		577		581
Total	$	1,532	$	1,322	$	1,484

Fair Values of Asset and Liability Derivative Financial Instruments

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

($ in millions)	November 3, 2018		February 3, 2018		October 28, 2017
Derivatives designated as cash flow hedges:
Other current assets	$	21	$	11	$	16
Other long-term assets	$	5	$	—	$	4
Accrued expenses and other current liabilities	$	1	$	32	$	11
Lease incentives and other long-term liabilities	$	—	$	—	$	2
Derivatives designated as net investment hedges:
Other current assets	$	—	$	—	$	—
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	$	20	$	3	$	11
Other long-term assets	$	—	$	—	$	—
Accrued expenses and other current liabilities	$	—	$	11	$	5
Lease incentives and other long-term liabilities	$	—	$	—	$	—
Total derivatives in an asset position	$	46	$	14	$	31
Total derivatives in a liability position	$	1	$	43	$	20

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)	November 3, 2018			October 28, 2017			November 3, 2018			October 28, 2017
Derivatives in cash flow hedging relationships:
Gain (loss) recognized in other comprehensive income	$	12		$	25		$	55		$	(26	)
Gain (loss) reclassified into cost of goods sold and occupancy expenses	$	(8	)	$	(5	)	$	(5	)	$	2
Gain (loss) reclassified into operating expenses	$	—		$	—		$	—		$	—
Derivatives in net investment hedging relationships:
Gain (loss) recognized in other comprehensive income	$	—		$	1		$	—		$	(1	)

Derivatives Not Designated as Hedging Instruments [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)	November 3, 2018		October 28, 2017		November 3, 2018		October 28, 2017
Gain (loss) recognized in operating expenses	$	14	$	10	$	38	$	(13	)