Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jul. 30, 2022

Accumulated Other Comprehensive Loss [Abstract]

Accumulated Other Comprehensive Loss

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

	July 30,		July 31,		January 29,
($ in millions)	2022		2021		2022
Foreign currency translation adjustments	$	(182)	$	(74)	$	(107)
Hedge contracts		(2)		(1)		—
Unrecognized pension cost and postretirement benefit		(232)		(263)		(236)
	$	(416)	$	(338)	$	(343)

Changes in Accumulated Other Comprehensive Loss

The changes in AOCL for the twenty-six weeks ended July 30, 2022 were as follows:

	Foreign				Items Related
	Currency				to Pension and
	Translation				Postretirement
($ in millions)	Adjustments		Hedges		Benefits		Total
Balance as of January 29, 2022	$	(107)		—	$	(236)	$	(343)
OCI before reclassification		(75)		2		—		(73)
Reclassification of hedges, net of tax		—		(4)		—		(4)
Amortization of pension actuarial loss, net of tax		—		—		4		4
Other comprehensive income		(75)		(2)		4		(73)
Balance as of July 30, 2022	$	(182)	$	(2)	$	(232)	$	(416)

Reclassification from Accumulated Other Comprehensive Loss

Reclassifications from AOCL for the twenty-six weeks ended July 30, 2022 were as follows:

($ in millions)
Reclassification of hedge loss:
Cross-currency swap	$	(4)
Income tax		—
Reclassification of hedges, net of tax	$	(4)
Amortization of actuarial loss:
Pension benefits	$	5
Income tax benefit		(1)
Amortization of actuarial loss, net of tax	$	4
Total, net of tax	$	—