Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jul. 31, 2021

Accumulated Other Comprehensive Loss [Abstract]

Accumulated Other Comprehensive Loss

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

	July 31,		August 1,		January 30,
($ in millions)	2021		2020		2021
Foreign currency translation adjustments	$	(74)	$	(84)	$	(64)
Cash flow hedges		(1)		—		(1)
Unrecognized pension cost and postretirement benefit		(263)		(283)		(266)
	$	(338)	$	(367)	$	(331)

Changes in Accumulated Other Comprehensive Loss

The changes in AOCL for the twenty-six weeks ended July 31, 2021 were as follows:

	Foreign				Items Related
	Currency				to Pension and
	Translation		Cash Flow		Postretirement
($ in millions)	Adjustments		Hedges		Benefits		Total
Balance as of January 30, 2021	$	(64)	$	(1)	$	(266)	$	(331)
OCI before reclassification		(10)		—		(1)		(11)
Amortization of pension actuarial loss, net of tax		—		—		4		4
Other comprehensive income		(10)		—		3		(7)
Balance as of July 31, 2021	$	(74)	$	(1)	$	(263)	$	(338)

Reclassification from Accumulated Other Comprehensive Loss

Reclassifications from AOCL for the twenty-six weeks ended July 31, 2021 were as follows:

($ in millions)
Amortization of actuarial loss:
Pension benefits	$	5
Income tax benefit		(1)
Total, net of tax	$	4