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Other Income
12 Months Ended
Jan. 30, 2016
Other Income [Abstract]  
Other Income

5. Other Income

 

Other income includes non-operating items, such as: gains from insurance recoveries; discounts/premiums paid on the repurchase and retirement of bonds; royalty income; and the changes in fair value, premiums paid, realized gains associated with foreign currency option contracts and property sales. Other income was $4 million in 2015, $9 million in 2014, and $4 million in 2013.

 

For 2015, other income includes a $2 million insurance recovery related to a business interruption claim and $2 million of royalty income. For 2014, it included a $4 million gain on a sale of property, $2 million of royalty income, $2 million of realized gain associated with foreign currency option contracts, and $1 million of lease termination gains related to the sales of leasehold interests. Other income in 2013 represented $2 million of royalty income and $2 million related to lease termination gains.