Accumulated Other Comprehensive Loss

6 Months Ended

Aug. 01, 2015

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Loss

5. Accumulated Other Comprehensive Loss

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

	August 1,		August 2,		January 31,
	2015		2014		2015
	($ in millions)
Foreign currency translation adjustments	$	(97)	$	57	$	(75)
Cash flow hedges		(4)		(2)		(3)
Unrecognized pension cost and postretirement benefit		(236)		(236)		(240)
Unrealized loss on available-for-sale security		(1)		(1)		(1)
	$	(338)	$	(182)	$	(319)

The changes in AOCL for the twenty-six  weeks ended August 1, 2015 were as follows:

	Foreign				Items related to
	currency				pension and		Unrealized loss
	translation		Cash flow		postretirement		on available-for-
($ in millions)	adjustments		hedges		benefits		sale security		Total
Balance as of January 31, 2015	$	(75)		(3)		(240)		(1)	$	(319)
OCI before reclassification		(22)		(1)		—		—		(23)
Reclassified from AOCL		—		—		4		—		4
Other comprehensive income/(loss)		(22)		(1)		4		—		(19)
Balance as of August 1, 2015	$	(97)		(4)		(236)		(1)	$	(338)

Reclassifications from AOCL for the twenty-six  weeks ended August 1, 2015 were as follows:

	($ in millions)
Amortization of actuarial (gain) loss:
Pension benefits - amortization of actuarial loss	$	7
Postretirement benefits - amortization of actuarial gain		(1)
Net periodic benefit cost (see Note 9)		6
Income tax benefit		(2)
Net of tax	$	4