Fair Value Measurements (Tables)

12 Months Ended

Jan. 28, 2017

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 January 28, 2017, and January 30, 2016, according to the valuation techniques we used to determine their fair values ($ in millions):



		Fair Value at
	Fair Value Hierarchy	January 28, 2017		January 30, 2016
Assets
Cash and cash equivalents
Money market funds	Level 1	$	290	$	51
Commercial paper	Level 2	—		265
Time deposits	Level 2	15		306
Short-term investments
Corporate bonds	Level 2	—		193
Commercial paper	Level 2	349		122
Time deposits	Level 2	1,332		990
Other current assets
Money market funds	Level 1	7		—
Commercial paper	Level 2	60		—
Foreign currency derivative instruments	Level 2	2		18
Time deposits	Level 2	100		79
Other assets
Interest rate swap derivative instruments	Level 2	13		25
Auction rate securities	Level 3	—		2
Marketable securities that fund deferred compensation	Level 1	96		96
Liabilities
Accrued Liabilities
Foreign currency derivative instruments	Level 2	3		1

Fair value, assets and liabilities measured on nonrecurring basis, fair value remeasurements (impairments)

The following table summarizes the fair value remeasurements for non-restructuring property and equipment impairments and restructuring activities related to continuing operations recorded in fiscal 2017 and 2016 ($ in millions):



	2017				2016
	Impairments		Remaining Net Carrying Value⁽¹⁾		Impairments		Remaining Net Carrying Value ⁽¹⁾
Property and equipment (non-restructuring)	$	28	$	—	$	61	$	15
Restructuring activities⁽²⁾
Property and equipment	8		—		30		—
Tradename	—		—		40		—
Total	$	36	$	—	$	131	$	15


(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basis, certain fair value measurements presented in the table may reflect values at earlier measurement dates and may no longer represent the fair values at January 28, 2017, and January 30, 2016.


(2)	See Note 4, Restructuring Charges, for additional information.