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Financial Instruments (Tables)
3 Months Ended
Apr. 28, 2012
Fair Value of Derivative Contracts on Gross Basis, by Type of Contract

The following represents the fair value of the Company’s derivative contracts. Many of the Company’s agreements allow for a netting arrangement. The following is presented on a gross basis, by type of contract:

 

    Balance Sheet     April 28,     April 30,     January 28,  
(in millions)   Caption     2012     2011     2012  
Hedging Instruments:                        
Forward foreign exchange contracts   Current assets   $     $ 3     $  
Forward foreign exchange contracts Current liability   $ 2     $

 —

  $ 2  
                             
Non-Hedging Instruments:                            
Forward foreign exchange and option contracts   Current assets   $     $ 1     $  
Carrying Value and Estimated Fair Value of Long-Term Debt

The carrying value and estimated fair value of long-term debt were as follows:

    April 28,     April 30,     January 28,  
(in millions)    2012     2011     2012  
Carrying value   $ 135     $ 136     $ 135  
Fair value   $ 147     $ 140     $ 140