Financial Instruments and Risk Management (Tables)

12 Months Ended

Jan. 30, 2021

Financial Instruments and Risk Management [Abstract]

Fair Value of Derivative Contracts on Gross Basis, by Type of Contract

	Balance Sheet	January 30,		February 1,
($ in millions)	Caption	2021		2020
Hedging Instruments:
Foreign exchange forward contracts	Current assets	$	1	$	—
Foreign exchange forward contracts	Current liabilities	$	1	$	4

Notional Amounts for Outstanding Derivatives and Weighted-Average Exchange Rates of Foreign Exchange Forward Contracts

The table below presents the notional amounts for all outstanding derivatives and the weighted-average exchange rates of foreign exchange forward contracts at January 30, 2021:

			Weighted-Average
($ in millions)		Contract Value	Exchange Rate
Inventory
Buy €/Sell British £	$	69	0.9058
Intercompany
Buy US $/Sell CAD $	$	1	1.2761
Buy US $/Sell AUD $	$	1	1.3154
Buy British £/ Sell €	$	41	1.1017
Buy US $/ Sell €	$	91	0.8211