Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jul. 30, 2016

Accumulated Other Comprehensive Loss [Abstract]

Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss (“AOCL”), net of tax, is comprised the following:

	July 30,		August 1,		January 30,
	2016		2015		2016
	($ in millions)
Foreign currency translation adjustments	$	(102)	$	(97)	$	(119)
Cash flow hedges		5		(4)		2
Unrecognized pension cost and postretirement benefit		(246)		(236)		(248)
Unrealized loss on available-for-sale security		—		(1)		(1)
	$	(343)	$	(338)	$	(366)

Changes in Accumulated Other Comprehensive Loss

The changes in AOCL for the twenty-six weeks ended July 30, 2016 were as follows:

	Foreign				Items Related		Unrealized
	Currency				to Pension and		Loss on
	Translation		Cash Flow		Postretirement		Available-For-
($ in millions)	Adjustments		Hedges		Benefits		Sale Security		Total
Balance as of January 30, 2016	$	(119)	$	2	$	(248)	$	(1)	$	(366)
OCI before reclassification		17		3		(2)		1		19
Reclassified from AOCI		—		—		4		—		4
Other comprehensive income/ (loss)		17		3		2		1		23
Balance as of July 30, 2016	$	(102)	$	5	$	(246)	$	—	$	(343)

Reclassification from Accumulated Other Comprehensive Loss

Reclassifications from AOCL for the twenty-six weeks ended July 30, 2016 were as follows:

		($ in millions)
Amortization of actuarial (gain) loss:
Pension benefits- amortization of actuarial loss	$	7
Postretirement benefits- amortization of actuarial gain		(1)
Net periodic benefit cost (see Note 10)		6
Income tax benefit		(2)
Net of tax	$	4