Accumulated Other Comprehensive Loss

3 Months Ended

Apr. 30, 2022

Accumulated Other Comprehensive Loss [Abstract]

Comprehensive Income (Loss) Note [Text Block]

9. Accumulated Other Comprehensive Loss

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

	April 30,		May 1,		January 29,
($ in millions)	2022		2021		2022
Foreign currency translation adjustments	$	(151)	$	(60)	$	(107)
Cash flow hedges		1		(1)		—
Unrecognized pension cost and postretirement benefit		(234)		(265)		(236)
	$	(384)	$	(326)	$	(343)

The changes in AOCL for the thirteen weeks ended April 30, 2022 were as follows:

	Foreign				Items Related
	Currency				to Pension and
	Translation		Cash Flow		Postretirement
($ in millions)	Adjustments		Hedges		Benefits		Total
Balance as of January 29, 2022	$	(107)		—	$	(236)	$	(343)
OCI before reclassification		(44)		1		1		(42)
Amortization of pension actuarial loss, net of tax		—		—		1		1
Pension remeasurement, net of tax		—		—		—		—
Other comprehensive income		(44)		1		2		(41)
Balance as of April 30, 2022	$	(151)	$	1	$	(234)	$	(384)

Reclassifications from AOCL for the thirteen weeks ended April 30, 2022 were as follows:

($ in millions)
Amortization of actuarial loss:
Pension benefits	$	2
Income tax benefit		(1)
Total, net of tax	$	1