Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Aug. 02, 2013

Derivative Instruments and Hedges, Assets [Abstract]

Notional Amounts of Outstanding Derivative Instruments

	August 2, 2013		February 1, 2013
	(in millions)
Foreign Exchange Contracts
Designated as cash flow hedging instruments	$	2,885	$	2,847
Non-designated as hedging instruments	972		512
Total	$	3,857	$	3,359
Interest Rate Contracts
Designated as fair value hedging instruments	$	700	$	800
Designated as cash flow hedging instruments	787		1,320
Non-designated as hedging instruments	139		127
Total	$	1,626	$	2,247

Effect of Derivative Instruments on the Condensed Consolidated Statements of Financial Position and the Condensed Consolidated Statements of Income

Derivatives in Cash Flow Hedging Relationships	Gain (Loss) Recognized in Accumulated OCI, Net of Tax, on Derivatives (Effective Portion)			Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)			Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)	Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)
(in millions)
For the three months ended August 2, 2013
				Total net revenue	$	36
Foreign exchange contracts	$	41		Total cost of net revenue	9
Interest rate contracts	1			Interest and other, net	(1		)	Interest and other, net	$	(1	)
Total	$	42			$	44			$	(1	)
For the three months ended August 3, 2012
				Total net revenue	$	36
Foreign exchange contracts	$	79		Total cost of net revenue	4
Interest rate contracts	(3		)	Interest and other, net	—			Interest and other, net	$	—
Total	$	76			$	40			$	—
For the six months ended August 2, 2013
				Total net revenue	$	65
Foreign exchange contracts	$	87		Total cost of net revenue	11
Interest rate contracts	1			Interest and other, net	—			Interest and other, net	$	1
Total	$	88			$	76			$	1
For the six months ended August 3, 2012
				Total net revenue	$	33
Foreign exchange contracts	$	54		Total cost of net revenue	(7		)
Interest rate contracts	(3		)	Interest and other, net	—			Interest and other, net	$	—
Total	$	51			$	26			$	—

Fair Value of Derivative Instruments in the Condensed Consolidated Statements of Financial Position

	August 2, 2013
	Other Current Assets			Other Non- Current Assets		Other Current Liabilities			Other Non-Current Liabilities			Total Fair Value
				(in millions)
Derivatives Designated as Hedging Instruments
Foreign exchange contracts in an asset position	$	94		$	—	$	6		$	—		$	100
Foreign exchange contracts in a liability position	(51		)	—		(4		)	—			(55		)
Interest rate contracts in an asset position	—			6		—			—			6
Interest rate contracts in a liability position	—			—		—			(1		)	(1		)
Net asset (liability)	43			6		2			(1		)	50
Derivatives not Designated as Hedging Instruments
Foreign exchange contracts in an asset position	172			—		9			—			181
Foreign exchange contracts in a liability position	(106		)	—		(17		)	—			(123		)
Net asset (liability)	66			—		(8		)	—			58
Total derivatives at fair value	$	109		$	6	$	(6	)	$	(1	)	$	108
	February 1, 2013
	Other Current Assets			Other Non- Current Assets		Other Current Liabilities			Other Non-Current Liabilities			Total Fair Value
				(in millions)
Derivatives Designated as Hedging Instruments
Foreign exchange contracts in an asset position	$	86		$	—	$	9		$	—		$	95
Foreign exchange contracts in a liability position	(40		)	—		(3		)	—			(43		)
Interest rate contracts in an asset position	—			12		—			—			12
Interest rate contracts in a liability position	—			—		—			(6		)	(6		)
Net asset (liability)	46			12		6			(6		)	58
Derivatives not Designated as Hedging Instruments
Foreign exchange contracts in an asset position	118			—		16			—			134
Foreign exchange contracts in a liability position	(108		)	—		(32		)	—			(140		)
Net asset (liability)	10			—		(16		)	—			(6		)
Total derivatives at fair value	$	56		$	12	$	(10	)	$	(6	)	$	52

Offsetting Assets and Liabilities

	August 2, 2013
Description	Gross Amounts of Recognized Assets/ (Liabilities)			Gross Amounts Offset in the Statement of Financial Position			Net Amounts of Assets/ (Liabilities) Presented in the Statement of Financial Position			Gross Amounts not Offset in the Statement of Financial Position				Net Amount
										Financial Instruments		Cash Collateral Received or Pledged
	(in millions)
Foreign Exchange Contracts
Financial assets	$	281		$	(172	)	$	109		$	—	$	—	$	109
Financial liabilities	(178		)	172			(6		)	—		—		(6		)
Total Foreign Exchange Contracts														103
Interest Rate Contracts
Financial assets	6			—			6			—		—		6
Financial liabilities	(1		)	—			(1		)	—		—		(1		)
Total Interest Rate Contracts														5
Total Derivative Instruments	$	108		$	—		$	108		$	—	$	—	$	108
	February 1, 2013
Description	Gross Amounts of Recognized Assets/ (Liabilities)			Gross Amounts Offset in the Statement of Financial Position			Net Amounts of Assets/ (Liabilities) Presented in the Statement of Financial Position			Gross Amounts not Offset in the Statement of Financial Position				Net Amount
										Financial Instruments		Cash Collateral Received or Pledged
	(in millions)
Foreign Exchange Contracts
Financial assets	$	229		$	(173	)	$	56		$	—	$	—	$	56
Financial liabilities	(183		)	173			(10		)	—		—		(10		)
Total Foreign Exchange Contracts														46
Interest Rate Contracts
Financial assets	12			—			12			—		—		12
Financial liabilities	(6		)	—			(6		)	—		—		(6		)
Total Interest Rate Contracts														6
Total Derivative Instruments	$	52		$	—		$	52		$	—	$	—	$	52