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Fair Value Measurements (Tables)
 9 Months Ended
Nov. 02, 2013
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis
The following tables provide a summary of the Company’s recognized assets and liabilities that are measured at fair value on a recurring basis:
 
 
 
At November 2, 2013
 
At October 27, 2012
 
At February 2, 2013
 
(in millions)
 
Level 1
 
Level 2
 
Level 3
 
Level 1
 
Level 2
 
Level 3
 
Level 1
 
Level 2
 
Level 3
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Short-term investments
 
$
—
 
$
32
 
$
—
 
$
—
 
$
49
 
$
—
 
$
—
 
$
48
 
$
—
 
Auction rate security
 
 
—
 
 
6
 
 
—
 
 
—
 
 
6
 
 
—
 
 
—
 
 
6
 
 
—
 
Foreign exchange forward contracts
 
 
—
 
 
1
 
 
—
 
 
—
 
 
1
 
 
—
 
 
—
 
 
6
 
 
—
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Assets
 
$
—
 
$
39
 
$
—
 
$
—
 
$
56
 
$
—
 
$
—
 
$
60
 
$
—
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange forward contracts
 
 
—
 
 
—
 
 
—
 
 
—
 
 
1
 
 
—
 
 
—
 
 
—
 
 
—
 
Total Liabilities
 
$
—
 
$
—
 
$
—
 
$
—
 
$
1
 
$
—
 
$
—
 
$
—
 
$
—
 
Carrying Value and Estimated Fair Value of Long-Term Debt
The carrying value and estimated fair value of long-term debt and obligations under capital leases were as follows:
 
 
 
November 2,
 
October 27,
 
February 2,
 
(in millions)
 
2013
 
2012
 
2013
 
Carrying value (1)
 
$
140
 
$
133
 
$
133
 
Fair value (1)
 
$
157
 
$
145
 
$
152
 
 
(1)
In connection with the acquisition of Runners Point Group in the second quarter of 2013, the Company recognized capital lease obligations. These were existing agreements primarily related to the financing of certain store fixtures. As of November 2, 2013, $8 million is included in the total above; $3 million is classified as short-term and $5 million is classified as long-term.