v2.4.0.6
Derivative Financial Instruments (Tables)
12 Months Ended
Feb. 02, 2013
Derivative Financial Instruments  
Outstanding Interest Rate Swaps

 

 

 
Outstanding Interest Rate Swap Summary
  February 2, 2013
 
  Designated Swap   De-designated Swap
(dollars in millions)
  Pay Floating
  Pay Floating
  Pay Fixed
 

Weighted average rate:

           

Pay

  three-month LIBOR   one-month LIBOR   3.1%

Receive

  1.0%   5.3%   one-month LIBOR

Weighted average maturity

  1.5 years   2.4 years   2.4 years

Notional

  $350   $750   $750
 
Derivative Contracts - Type, Statement of Financial Position Classification and Fair Value

 

   
Derivative Contracts – Type, Statement of Financial Position Classification and Fair Value
(millions)
 
 
  Assets   Liabilities  
 
  Classification
  Feb. 2,
2013

  Jan. 28,
2012

  Classification
  Feb. 2,
2013

  Jan. 28,
2012

 
   

Designated as hedging instrument:

                                 

Interest rate swaps

  Other noncurrent assets   $ 3   $ 3   N/A   $   $  

Not designated as hedging instruments:

                                 

Interest rate swaps

  Other current assets     4     20   Other current liabilities     2     7  

Interest rate swaps

  Other noncurrent assets     82     111   Other noncurrent liabilities     54     69  
   

Total

      $ 89   $ 134       $ 56   $ 76  
   
Derivative Contracts - Effect on Results of Operations

 

 

   
Derivative Contracts – Effect on Results of Operations
(millions)
 
Type of Contract
  Classification of Income/(Expense)
  2012
  2011
  2010
 
   

Interest rate swaps

  Net interest expense   $ 44   $ 41   $ 51