Accumulated Other Comprehensive Loss

9 Months Ended

Nov. 02, 2019

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 2,		November 3,		February 2,
	2019		2018		2019
	($ in millions)
Foreign currency translation adjustments	$	(100)	$	(90)	$	(84)
Cash flow hedges		(2)		1		—
Unrecognized pension cost and postretirement benefit		(280)		(272)		(286)
	$	(382)	$	(361)	$	(370)

The changes in AOCL for the thirty-nine weeks ended November 2, 2019 were as follows:

	Foreign				Items Related
	Currency				to Pension and
	Translation		Cash Flow		Postretirement
($ in millions)	Adjustments		Hedges		Benefits		Total
Balance as of February 2, 2019	$	(84)	$	—	$	(286)	$	(370)
OCI before reclassification		(16)		(2)		—		(18)
Amortization of pension actuarial (gain)/loss, net of tax		—		—		6		6
Other comprehensive income		(16)		(2)		6		(12)
Balance as of November 2, 2019	$	(100)	$	(2)	$	(280)	$	(382)

Reclassifications from AOCL for the thirty-nine weeks ended November 2, 2019 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 11)		8
Income tax benefit		(2)
Total, net of tax	$	6