Fair Value Measurements (Tables)

6 Months Ended

Jul. 30, 2016

Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table sets 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 July 30, 2016, January 30, 2016, and August 1, 2015, according to the valuation techniques we used to determine their fair values ($ in millions).



		Fair Value at
	Fair Value Hierarchy	July 30, 2016		January 30, 2016		August 1, 2015
ASSETS
Cash and cash equivalents
Money market funds	Level 1	$	87	$	51	$	21
Commercial paper	Level 2	—		265		65
Time deposits	Level 2	169		306		62
Short-term investments
Corporate bonds	Level 2	6		193		402
Commercial paper	Level 2	170		122		240
Time deposits	Level 2	1,414		990		1,053
Other current assets
Commercial paper	Level 2	60		—		—
Foreign currency derivative instruments	Level 2	1		18		21
Time deposits	Level 2	79		79		90
Other assets
Interest rate swap derivative instruments	Level 2	27		25		13
Auction rate securities	Level 3	2		2		2
Marketable securities that fund deferred compensation	Level 1	95		96		98

LIABILITIES
Accrued Liabilities
Foreign currency derivative instruments	Level 2	5		1		—

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis

The following table summarizes the fair value remeasurements for non-restructuring property and equipment impairments and restructuring impairments recorded during the three and six months ended July 30, 2016, and August 1, 2015 ($ in millions):



	Impairments								Remaining Net Carrying Value⁽¹⁾
	Three Months Ended				Six Months Ended
	July 30, 2016		August 1, 2015		July 30, 2016		August 1, 2015		July 30, 2016		August 1, 2015
Property and equipment (non-restructuring)	$	3	$	15	$	8	$	26	$	—	$	9
Restructuring activities⁽²⁾
Tradename	—		—		—		40		—		—
Property and equipment	—		1		7		30		—		—
Total	$	3	$	16	$	15	$	96	$	—	$	9


(1)	Remaining net carrying value approximates fair value. Because assets subject to long-lived asset impairment are not measured at fair value on a recurring basis, certain fair value measurements presented in the table may reflect values at earlier measurement dates and may no longer represent the fair values at July 30, 2016, and August 1, 2015.


(2)	See Note 5, Restructuring Charges, for additional information.