Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

May 01, 2021

Accumulated Other Comprehensive Loss [Abstract]

Accumulated Other Comprehensive Loss

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

	May 1,		May 2,		January 30,
($ in millions)	2021		2020		2021
Foreign currency translation adjustments	$	(60)	$	(120)	$	(64)
Cash flow hedges		(1)		—		(1)
Unrecognized pension cost and postretirement benefit		(265)		(284)		(266)
	$	(326)	$	(404)	$	(331)

Changes in Accumulated Other Comprehensive Loss

The changes in AOCL for the thirteen weeks ended May 1, 2021 were as follows:

	Foreign				Items Related
	Currency				to Pension and
	Translation		Cash Flow		Postretirement
($ in millions)	Adjustments		Hedges		Benefits		Total
Balance as of January 30, 2021	$	(64)	$	(1)	$	(266)	$	(331)
OCI before reclassification		4		—		(1)		3
Amortization of pension actuarial loss, net of tax		—		—		2		2
Other comprehensive income		4		—		1		5
Balance as of May 1, 2021	$	(60)	$	(1)	$	(265)	$	(326)

Reclassification from Accumulated Other Comprehensive Loss

Reclassifications from AOCL for the thirteen weeks ended May 1, 2021 were as follows:

($ in millions)
Amortization of actuarial loss:
Pension benefits	$	3
Income tax benefit		(1)
Total, net of tax	$	2