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Other Income
12 Months Ended
Jan. 28, 2017
Other Income [Abstract]  
Other Income

4. Other Income



Other income includes non-operating items, such as: gains from insurance recoveries; discounts/premiums paid on the repurchase and retirement of bonds; royalty income; changes in fair value, premiums paid, and realized gains associated with foreign currency option contracts; and property sales. Other income was $6 million in 2016,  $4 million in 2015, and $9 million in 2014.



For 2016, other income includes: a gain of $2 million on a forward foreign currency contract associated with an intercompany transaction that did not qualify for hedge accounting; $2 million of royalty income; $1 million related to an insurance recovery; and $1 million of lease termination gains related to the sales of leasehold interests.  Other income in 2015 included a $2 million insurance recovery related to a business interruption claim and $2 million of royalty income. Included in 2014 is a  $4 million gain on a sale of property, $2 million of royalty income, $2 million of a  realized gain associated with foreign currency option contracts, and $1 million of lease termination gains related to the sales of leasehold interests.