Accumulated Other Comprehensive Loss

3 Months Ended

May 04, 2019

Accumulated Other Comprehensive Loss [Abstract]

Accumulated Other Comprehensive Loss

8. Accumulated Other Comprehensive Loss

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

	May 4,		May 5,		February 2,
	2019		2018		2019
	($ in millions)
Foreign currency translation adjustments	$	(99)	$	(47)	$	(84)
Cash flow hedges		(2)		1		—
Unrecognized pension cost and postretirement benefit		(283)		(267)		(286)
	$	(384)	$	(313)	$	(370)

8. Accumulated Other Comprehensive Loss – (continued)

The changes in AOCL for the thirteen weeks ended May 4, 2019 were as follows:

	Foreign				Items Related
	Currency				to Pension and
	Translation		Cash Flow		Postretirement
($ in millions)	Adjustments		Hedges		Benefits		Total
Balance as of February 2, 2019	$	(84)	$	—	$	(286)	$	(370)
OCI before reclassification		(15)		(2)		1		(16)
Amortization of pension actuarial loss, net of tax		—		—		2		2
Other comprehensive income		(15)		(2)		3		(14)
Balance as of May 4, 2019	$	(99)	$	(2)	$	(283)	$	(384)

Reclassifications from AOCL for the thirteen weeks ended May 4, 2019 were as follows:

	($ in millions)
Amortization of actuarial (gain) loss:
Pension benefits- amortization of actuarial loss	$	3
Postretirement benefits- amortization of actuarial gain		—
Net periodic benefit cost (see Note 11)		3
Income tax benefit		(1)
Total, net of tax	$	2