Fair Value Measurements and Financial Instruments (Tables)

6 Months Ended

Aug. 03, 2013

Fair Value of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table provides the fair value of our assets and liabilities measured at fair value on a recurring basis and recorded on our condensed consolidated balance sheets (in millions):


	August 3, 2013		July 28, 2012		February 2, 2013
Assets
Foreign Currency Contracts
Other current assets	$	2.6	$	27.1	$	7.3
Other noncurrent assets		0.3		6.0		0.9
Company-owned life insurance(1)		5.4		3.2		3.5

Total assets		8.3		36.3		11.7

Liabilities
Foreign Currency Contracts
Accrued liabilities		12.8		1.7		9.1
Other long-term liabilities		8.0		—		4.4
Nonqualified deferred compensation(2)		1.0		0.9		0.9

Total liabilities	$	21.8	$	2.6	$	14.4

(1)	Recognized in other non-current assets in our condensed consolidated balance sheets.

(2)	Recognized in accrued liabilities in our condensed consolidated balance sheets.

Gains and Losses on Derivative Instruments and Foreign Currency Transaction

Activity related to the trading of derivative instruments and the offsetting impact of related intercompany loans and foreign currency assets and liabilities recognized in selling, general and administrative expense is as follows (in millions):


	13 Weeks Ended						26 Weeks Ended
	August 3, 2013			July 28, 2012			August 3, 2013			July 28, 2012
Gains (losses) on the changes in fair value of derivative instruments	$	(19.7	)	$	18.7		$	(10.3	)	$	16.9
Gains (losses) on the re-measurement of related intercompany loans and foreign currency assets and liabilities		22.2			(20.5	)		13.4			(18.0	)

Total, net	$	2.5		$	(1.8	)	$	3.1		$	(1.1	)