Accumulated Other Comprehensive Loss

6 Months Ended

Aug. 01, 2020

Accumulated Other Comprehensive Loss [Abstract]

Accumulated Other Comprehensive Loss

10. Accumulated Other Comprehensive Loss

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

	August 1,		August 3,		February 1,
($ in millions)	2020		2019		2020
Foreign currency translation adjustments	$	(84)	$	(105)	$	(104)
Cash flow hedges		—		3		(3)
Unrecognized pension cost and postretirement benefit		(283)		(282)		(287)
	$	(367)	$	(384)	$	(394)

The changes in AOCL for the twenty-six weeks ended August 1, 2020 were as follows:

	Foreign				Items Related
	Currency				to Pension and
	Translation		Cash Flow		Postretirement
($ in millions)	Adjustments		Hedges		Benefits		Total
Balance as of February 1, 2020	$	(104)	$	(3)	$	(287)	$	(394)
OCI before reclassification		20		3		—		23
Amortization of pension actuarial loss, net of tax		—		—		4		4
Other comprehensive income		20		3		4		27
Balance as of August 1, 2020	$	(84)	$	—	$	(283)	$	(367)

Reclassifications from AOCL for the twenty-six weeks ended August 1, 2020 were as follows:

	($ in millions)
Amortization of actuarial loss:
Pension benefits	$	6
Income tax benefit		(2)
Total, net of tax	$	4