Fair Value Measurements (Tables)

6 Months Ended

Aug. 04, 2018

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 August 4, 2018, February 3, 2018, and July 29, 2017, 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	August 4, 2018		February 3, 2018		July 29, 2017
Assets
Cash and cash equivalents:
Money market funds	Level 1	$	334	$	21	$	175
Commercial paper	Level 2	—		90		60
Time deposits	Level 2	—		65		16
Short-term investments:
Commercial paper	Level 2	—		474		299
Time deposits	Level 2	465		1,558		1,826
Other current assets:
Money market funds	Level 1	74		3		2
Commercial paper	Level 2	—		60		60
Time deposits	Level 2	101		101		101
Foreign currency derivative instruments	Level 2	5		2		—
Other assets:
Marketable securities that fund deferred compensation	Level 1	100		99		97
Interest rate swap derivative instruments	Level 2	—		—		16

Liabilities
Accrued liabilities:
Foreign currency derivative instruments	Level 2	—		8		15
Interest rate swap derivative instruments	Level 2	—		1		—
Long-term liabilities:
Interest rate swap derivative instruments	Level 2	7		4		—

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis

The following table summarizes the fair value remeasurements of property and equipment impairments recorded during the three and six months ended August 4, 2018, and July 29, 2017 ($ in millions):



	Impairments								Remaining Net Carrying Value⁽¹⁾
	Three Months Ended				Six Months Ended				Remaining Net Carrying Value⁽¹⁾
	August 4, 2018		July 29, 2017		August 4, 2018		July 29, 2017		August 4, 2018		July 29, 2017
Property and equipment (non-restructuring)	$	2	$	1	$	4	$	6	$	2	$	—


(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basis, certain fair value measurements presented in the table may reflect values at earlier measurement dates and may no longer represent the fair values at August 4, 2018, and July 29, 2017.