Fair Value Measurements (Tables)

9 Months Ended

Nov. 03, 2012

Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables set forth by level within the fair value hierarchy, our financial assets and liabilities that were accounted for at fair value on a recurring basis at November 3, 2012, March 3, 2012 and October 29, 2011, according to the valuation techniques we used to determine their fair values.



			Fair Value Measurements Using Inputs Considered as
	Fair Value at November 3, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
ASSETS
Other current assets
Foreign currency derivative instruments	$	2	$	—	$	2	$	—
Equity and other investments
Auction rate securities	21		—		—		21
Marketable equity securities	3		3		—		—

LIABILITIES
Accrued liabilities
Foreign currency derivative instruments	1		—		1		—



			Fair Value Measurements Using Inputs Considered as
	Fair Value at March 3, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
ASSETS
Cash and cash equivalents
Money market funds	$	272	$	272	$	—	$	—
Other current assets
Money market funds (restricted cash)	119		119		—		—
U.S. Treasury bills (restricted cash)	30		30		—		—
Foreign currency derivative instruments	1		—		1		—
Equity and other investments
Auction rate securities	82		—		—		82
Marketable equity securities	3		3		—		—

LIABILITIES
Accrued liabilities
Foreign currency derivative instruments	2		—		2		—



			Fair Value Measurements Using Inputs Considered as
	Fair Value at October 29, 2011		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(recast)		(recast)		(recast)		(recast)
ASSETS
Cash and cash equivalents
Money market funds	$	796	$	796	$	—	$	—
Short-term investments
U.S. Treasury bills	20		20		—		—
Other current assets
Money market funds (restricted assets)	163		163		—		—
U.S. Treasury bills (restricted assets)	20		20		—		—
Foreign currency derivative instruments	1		—		1		—
Equity and other investments
Auction rate securities	84		—		—		84
Marketable equity securities	131		131		—		—

Fair Value, Assets Measured on a Recurring Basis, Unobservable Input Reconciliation

The following tables provide a reconciliation between the beginning and ending balances of items measured at fair value on a recurring basis in the tables above that used significant unobservable inputs (Level 3) for the three and eight months ended November 3, 2012 and October 29, 2011.



	Debt securities- Auction rate securities only
	Student loan bonds			Municipal revenue bonds		Total
Balances at August 4, 2012	$	20		$	2	$	22
Changes in unrealized losses included in other comprehensive income	—			—		—
Sales	(1		)	—		(1		)
Balances at November 3, 2012	$	19		$	2	$	21



	Debt securities- Auction rate securities only
	Student loan bonds			Municipal revenue bonds		Total
Balances at March 3, 2012	$	80		$	2	$	82
Changes in unrealized losses included in other comprehensive income	4			—		4
Sales	(65		)	—		(65		)
Balances at November 3, 2012	$	19		$	2	$	21



	Debt securities- Auction rate securities only
	Student loan bonds			Municipal revenue bonds		Total
Balances at July 30, 2011	$	89		$	2	$	91
Changes in unrealized losses included in other comprehensive income	(3		)	—		(3		)
Sales	(4		)	—		(4		)
Balances at October 29, 2011 (recast)	$	82		$	2	$	84



	Debt securities- Auction rate securities only
	Student loan bonds			Municipal revenue bonds		Total
Balances at February 26, 2011	$	108		$	2	$	110
Changes in unrealized losses included in other comprehensive income	—			—		—
Sales	(26		)	—		(26		)
Balances at October 29, 2011 (recast)	$	82		$	2	$	84

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis

The following table summarizes the fair value remeasurements recorded during the nine months ended November 3, 2012 and October 29, 2011:



	Nine Months Ended				Nine Months Ended
	November 3, 2012				October 29, 2011
	Impairments		Remaining Net Carrying Value		Impairments		Remaining Net Carrying Value
					(recast)		(recast)
Continuing operations
Property and equipment	$	29	$	—	$	—	$	—
Discontinued operations⁽¹⁾
Property and equipment	—		—		15		—
Tradename	—		—		3		—
Total	$	—	$	—	$	18	$	—

- Definition

Tabular disclosure of assets and liabilities by class, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). The disclosures that may be required or desired include: (a) the fair value measurements recorded during the period and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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