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Accumulated Other Comprehensive Loss
 3 Months Ended
May 05, 2018
Accumulated Other Comprehensive Loss [Abstract]  
Accumulated Other Comprehensive Loss



8. Accumulated Other Comprehensive Loss



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



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



May 5,

 

April 29,

 

February 3,



2018

 

2017

 

2018



($ in millions)

Foreign currency translation adjustments

 $

 (47)

 

$

 (123)

 

$

 (9)

Cash flow hedges

 

 1 

 

 

 —

 

 

 —

Unrecognized pension cost and postretirement benefit

 

 (267)

 

 

 (233)

 

 

 (270)

Unrealized loss on available-for-sale security

 

 —

 

 

 (1)

 

 

 —



 $

 (313)

 

$

 (357)

 

$

 (279)



The changes in AOCL for the thirteen weeks ended May 5, 2018 were as follows:



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

Items Related

 

 

 



 

Foreign Currency

 

 

 

to Pension and

 

 

 



 

Translation

 

Cash Flow

 

Postretirement

 

 

 

($ in millions)

 

Adjustments

 

Hedges

 

Benefits

 

Total

Balance as of February 3, 2018

 

$

 (9)

 

$

 —

 

$

 (270)

 

$

 (279)

OCI before reclassification

 

 

 (38)

 

 

 1 

 

 

 1 

 

 

 (36)

Reclassified from AOCL

 

 

 —

 

 

 —

 

 

 2 

 

 

 2 

Other comprehensive income

 

 

 (38)

 

 

 1 

 

 

 3 

 

 

 (34)

Balance as of May 5, 2018

 

$

 (47)

 

$

 1 

 

$

 (267)

 

$

 (313)



Reclassifications from AOCL for the thirteen weeks ended May 5, 2018 were as follows:





 

 



 

 



 

($ in millions) 

Amortization of actuarial (gain) loss:

 

 

     Pension benefits- amortization of actuarial loss

 $

 3 

     Postretirement benefits- amortization of actuarial gain

 

 —

Net periodic benefit cost (see Note 12)

 

 3 

Income tax benefit

 

 (1)

Net of tax

 $

 2