Fair Value Measurements (Tables)

9 Months Ended

Oct. 28, 2017

Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract]

Carrying Value And Fair Value Of Long-Term Debt, Disclosure

The following table provides a summary of the principal value and estimated fair value of long-term debt, excluding foreign facility borrowings, as of October 28, 2017, January 28, 2017 and October 29, 2016:

	October 28, 2017		January 28, 2017		October 29, 2016
	(in millions)
Principal Value	$	5,750	$	5,750	$	5,750
Fair Value (a)	6,033		6,030		6,352

 _______________

(a) The estimated fair value of the Company’s publicly traded debt is based on reported transaction prices which are considered Level 2 inputs in accordance with ASC Topic 820, Fair Value Measurement. The estimates presented are not necessarily indicative of the amounts that the Company could realize in a current market exchange.

Fair Value, Assets And Liabilities Measured On Recurring Basis

The following table provides a summary of assets and liabilities measured in the consolidated financial statements at fair value on a recurring basis as of October 28, 2017, January 28, 2017 and October 29, 2016:

	Level 1		Level 2		Level 3		Total
	(in millions)
As of October 28, 2017
Assets:
Cash and Cash Equivalents	$	735	$	—	$	—	$	735
Marketable Securities	6		—		—		6
Interest Rate Fair Value Hedges	—		1		—		1
Foreign Currency Cash Flow Hedges	—		15		—		15
Liabilities:
Foreign Currency Cash Flow Hedges	—		4		—		4
As of January 28, 2017
Assets:
Cash and Cash Equivalents	$	1,934	$	—	$	—	$	1,934
Marketable Securities	5		—		—		5
Interest Rate Fair Value Hedges	—		2		—		2
Foreign Currency Cash Flow Hedges	—		18		—		18
Liabilities:
Foreign Currency Cash Flow Hedges	—		1		—		1
As of October 29, 2016
Assets:
Cash and Cash Equivalents	$	654	$	—	$	—	$	654
Marketable Securities	8		—		—		8
Interest Rate Fair Value Hedges	—		6		—		6
Foreign Currency Cash Flow Hedges	—		26		—		26