Fair Value Measurements (Tables)

12 Months Ended

Feb. 01, 2020

Long Lived Assets Impairment [Table Text Block]

In total and inclusive of the above, we recorded the following long-lived asset impairment charges included in operating expenses in the Consolidated Statements of Income:



	Fiscal Year
($ in millions)	2019		2018		2017
Operating lease assets:
Flagship stores	$	223	$	—	$	—
Specialty fleet restructuring	2		—		—
Other	14		—		—
Total impairment charges of operating lease assets (1)	$	239	$	—	$	—
Store assets:
Flagship stores	$	73	$	—	$	—
Specialty fleet restructuring	11		—		—
Other	14		14		28
Total impairment charges of store assets (2)	$	98	$	14	$	28
Other indefinite-lived intangible assets	$	—	$	—	$	—
Goodwill	$	—	$	—	$	—
Total impairment charges of long-lived assets	$	337	$	14	$	28

__________


(1)	The impairment charge of operating lease assets reduced the then carrying amount of the applicable operating lease assets of $865 million to their fair value of $626 million during fiscal 2019.

(2)

The impairment charge reduced the then carrying amount of the applicable store assets of $99 million, $15 million, and $30 million to their fair value of $1 million, $1 million, and $2 million during fiscal 2019, 2018, and 2017, respectively.

Financial Assets And Liabilities Measured At Fair Value On Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis and cash equivalents held at amortized cost are as follows:



			Fair Value Measurements at Reporting Date Using
($ in millions)	February 1, 2020		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	311	$	19	$	292	$	—
Short-term investments	290		117		173		—
Derivative financial instruments	10		—		10		—
Deferred compensation plan assets	51		51		—		—
Other assets	2		—		—		2
Total	$	664	$	187	$	475	$	2
Liabilities:
Derivative financial instruments	$	10	$	—	$	10	$	—



			Fair Value Measurements at Reporting Date Using
($ in millions)	February 2, 2019		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	373	$	26	$	347	$	—
Short-term investments	288		125		163		—
Derivative financial instruments	20		—		20		—
Deferred compensation plan assets	48		48		—		—
Other assets	2		—		—		2
Total	$	731	$	199	$	530	$	2
Liabilities:
Derivative financial instruments	$	11	$	—	$	11	$	—