Accumulated Other Comprehensive Loss

9 Months Ended

Nov. 03, 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

	November 3,		October 28,		February 3,
	2018		2017		2018
	($ in millions)
Foreign currency translation adjustments	$	(90)	$	(57)	$	(9)
Cash flow hedges		1		2		—
Unrecognized pension cost and postretirement benefit		(272)		(231)		(270)
	$	(361)	$	(286)	$	(279)

The changes in AOCL for the thirty-nine weeks ended November 3, 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		(81)		1		1		(79)
Amortization of pension actuarial (gain)/loss, net of tax		—		—		6		6
Pension remeasurement, net of tax		—		—		(9)		(9)
Other comprehensive income		(81)		1		(2)		(82)
Balance as of November 3, 2018	$	(90)	$	1	$	(272)	$	(361)

Reclassifications from AOCL for the thirty-nine weeks ended November 3, 2018 were as follows:

		($ in millions)
Amortization of actuarial (gain) loss:
Pension benefits- amortization of actuarial loss	$	9
Postretirement benefits- amortization of actuarial gain		(1)
Net periodic benefit cost (see Note 12)		8
Income tax benefit		(2)
Net of tax	$	6