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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
12 Months Ended
Feb. 02, 2019
Feb. 03, 2018
Jan. 28, 2017
Net Income $ 541 [1],[2],[3] $ 284 [1],[2],[3] $ 664
Foreign currency translation adjustment:      
Translation adjustment arising during the period, net of income tax expense (benefit) of $18, $1 and $(2) million, respectively (75) 114 (8)
Cash flow hedges:      
Change in fair value of derivatives, net of income tax   (1) (1)
Available for sale securities:      
Unrealized gain on available-for-sale securities   1  
Pension and postretirement adjustments:      
Net actuarial gain (loss) and foreign currency fluctuations arising during the year, net of income tax expense (benefit) of $2, $4 and $(10) million, respectively (24) 4 4
Amortization of net actuarial gain/loss and prior service cost included in net periodic benefit costs, net of income tax expense of $4, $4, and $5 million, respectively 8 7 8
Comprehensive income $ 450 368 $ 667
Foreign Currency Translation Adjustments [Member]      
Pension and postretirement adjustments:      
Reclassification due to the adoption of ASU 2018-02   4  
Items Related to Pension and Postretirement Benefits [Member]      
Pension and postretirement adjustments:      
Reclassification due to the adoption of ASU 2018-02   $ (45)  
[1] During the fourth quarter of 2017, the Company recorded a provisional $99 million tax liability for the mandatory deemed repatriation of foreign sourced net earnings and a corresponding change in our permanent reinvestment assertion under ASC 74030. During second, third, and fourth quarters 2018, the Company recorded benefits of $1 million, $23 million, and $4 million from the completion of the accounting for the Tax Act. See Note 17, Income Taxes for further information.Quarterly income per share amounts do not total to the annual amount due to changes in weighted-average shares outstanding during the year. Additionally, stock options and other potentially dilutive common shares were excluded from the computation of diluted earnings per common share for the quarter ended February 3, 2018 as the Company reported a net loss.
[2] During the fourth quarters of 2018 and 2017, the Company recorded pre-tax non-cash impairment charges totaling $19 million and $20 million, respectively. See Note 3, Litigation and Other Charges for further information.
[3] During the third quarter of 2017, the Company recorded a pre-tax charge of $13 million associated with the reorganization and the reduction in staff taken to improve efficiency. See Note 3, Litigation and Other Charges for further information.