v3.25.1
Note 8 - Accumulated Other Comprehensive Loss
3 Months Ended
May 03, 2025
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]

8. Accumulated Other Comprehensive Loss

 

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

 

 

May 3,

  

May 4,

  

February 1,

 

($ in millions)

 

2025

  

2024

  

2025

 

Foreign currency translation adjustments

 $(147) $(192) $(208)

Hedge contracts

  (3)  (3)   

Unrecognized pension cost and postretirement benefit

  (175)  (190)  (175)

 $(325) $(385) $(383)

The changes in AOCL for the thirteen weeks ended May 3, 2025 were as follows:

 

($ in millions)

 

Foreign Currency Translation Adjustments

  

Hedge Contracts

  

Items Related to Pension and Postretirement Benefits

  

Total

 

Balance as of February 1, 2025

 $(208) $  $(175) $(383)

 

  

      

 

OCI before reclassification

  61   (8)  (1)  52 

Reclassification of hedges, net of tax

     5      5 

Amortization of pension actuarial loss, net of tax

        1   1 

Other comprehensive (loss) income

  61   (3)     58 

Balance as of May 3, 2025

 $(147) $(3) $(175) $(325)

 

Reclassifications from AOCL for the thirteen weeks ended May 3, 2025 were as follows:

 

($ in millions)

 

 

Reclassification of hedge loss:

    

Cross-currency swap

 $6 

Income tax

  (1)

Reclassification of hedges, net of tax

 $5 

 

 

Amortization of actuarial loss:

 

 

Pension benefits

 $2 

Income tax

  (1)

Amortization of actuarial loss, net of tax

 $1