v2.4.0.6
Derivative Financial Instruments (Tables)
12 Months Ended
Jan. 28, 2012
Derivative Financial Instruments  
Outstanding Interest Rate Swaps

 

 

 
Outstanding Interest Rate Swap Summary
  January 28, 2012
 
  Designated Swap   De-designated Swaps
(dollars in millions)
  Pay Floating
  Pay Floating
  Pay Fixed
 

Weighted average rate:

           

Pay

  three-month LIBOR   one-month LIBOR   2.6%

Receive

  1.0%   5.0%   one-month LIBOR

Weighted average maturity

  2.5 years   2.4 years   2.4 years

Notional

  $350   $1,250   $1,250
 

 

Derivative Contracts - Types, Balance Sheet Classifications and Fair Values

 

   
Derivative Contracts – Type, Statement of Financial Position Classification and Fair Value
(millions)
 
 
  Asset   Liability  
Type of Contract
  Classification
  Jan. 28,
2012

  Jan. 29,
2011

  Classification
  Jan. 28,
2012

  Jan. 29,
2011

 
   

Designated as hedging instrument:

                                 

Interest rate swap

  Other noncurrent assets   $ 3   $   N/A   $   $  

Not designated as hedging instruments:

                                 

Interest rate swaps

  Other current assets     20       Other current liabilities     7      

Interest rate swaps

  Other noncurrent assets     111     139   Other noncurrent liabilities     69     54  
   

Total

      $ 134   $ 139       $ 76   $ 54  
   
Derivative Contracts - Effect on Results of Operations

 

   
Derivative Contracts – Effect on Results of Operations
(millions)
 
Type of Contract
  Classification of Income/(Expenses)
  2011
  2010
  2009
 
   

Interest rate swaps

  Other interest expense   $ 41   $ 51   $ 65