Fair Value Measurements (Tables)

9 Months Ended

Oct. 28, 2017

Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table sets forth our financial assets and liabilities that were accounted for at fair value on a recurring basis at October 28, 2017, January 28, 2017, and October 29, 2016, by level within the fair value hierarchy as determined by the valuation techniques we used to determine the fair value ($ in millions):



	Fair Value Hierarchy	Fair Value at
	Fair Value Hierarchy	October 28, 2017		January 28, 2017		October 29, 2016
ASSETS
Cash and cash equivalents
Money market funds	Level 1	$	84	$	290	$	97
Time deposits	Level 2	—		15		11
Short-term investments
Commercial paper	Level 2	588		349		250
Time deposits	Level 2	1,649		1,332		1,527
Other current assets
Money market funds	Level 1	8		7		3
Commercial paper	Level 2	60		60		60
Foreign currency derivative instruments	Level 2	5		2		5
Interest rate swap derivative instruments	Level 2	3		—		—
Time deposits	Level 2	100		100		100
Other assets
Marketable securities that fund deferred compensation	Level 1	98		96		96
Interest rate swap derivative instruments	Level 2	—		13		13

LIABILITIES
Accrued liabilities
Foreign currency derivative instruments	Level 2	5		3		3
Long-term liabilities
Interest rate swap derivative instruments	Level 2	3		—		—

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis

The following table summarizes the fair value remeasurements for property and equipment impairments recorded during the three and nine months ended October 28, 2017, and October 29, 2016 ($ in millions):



	Impairments								Remaining Net Carrying Value⁽¹⁾
	Three Months Ended				Nine Months Ended
	October 28, 2017		October 29, 2016		October 28, 2017		October 29, 2016		October 28, 2017		October 29, 2016
Property and equipment (non-restructuring)	$	2	$	8	$	8	$	16	$	—	$	—
Property and equipment (restructuring)⁽²⁾	—		1		—		8		—		—
Total	$	2	$	9	$	8	$	24	$	—	$	—


(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basis, certain fair value measurements presented in the table may reflect values at earlier measurement dates and may no longer represent the fair values at October 28, 2017, and October 29, 2016.


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