NOTE 10—COMPREHENSIVE INCOME (LOSS) AND ACCUMULATED OTHER COMPREHENSIVE LOSS
Changes in Accumulated other comprehensive loss by component, net of tax, for fiscal 2026 year-to-date were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | | Other Cash Flow Derivatives | | Benefit Plans | | Foreign Currency Translation | | Swap Agreements | | Total | | Accumulated other comprehensive loss at August 2, 2025 | | $ | — | | | $ | (16) | | | $ | (23) | | | $ | (3) | | | $ | (42) | | | Other comprehensive loss before reclassifications | | — | | | — | | | 2 | | | 1 | | | 3 | | | | | | | | | | | | | | Amortization of cash flow hedges | | — | | | — | | | — | | | (2) | | | (2) | | | Net current period Other comprehensive income (loss) | | — | | | — | | | 2 | | | (1) | | | 1 | | | Accumulated other comprehensive loss at January 31, 2026 | | $ | — | | | $ | (16) | | | $ | (21) | | | $ | (4) | | | $ | (41) | | | | | | | | | | | | |
Changes in Accumulated other comprehensive loss by component, net of tax, for fiscal 2025 year-to-date were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | | Other Cash Flow Derivatives | | Benefit Plans | | Foreign Currency Translation | | Swap Agreements | | Total | | Accumulated other comprehensive loss at August 3, 2024 | | $ | — | | | $ | (22) | | | $ | (24) | | | $ | (1) | | | $ | (47) | | | Other comprehensive income (loss) before reclassifications | | 2 | | | — | | | (3) | | | 7 | | | 6 | | | | | | | | | | | | | | Amortization of cash flow hedges | | (1) | | | — | | | — | | | (4) | | | (5) | | | Net current period Other comprehensive income (loss) | | 1 | | | — | | | (3) | | | 3 | | | 1 | | | Accumulated other comprehensive income (loss) at February 1, 2025 | | $ | 1 | | | $ | (22) | | | $ | (27) | | | $ | 2 | | | $ | (46) | | | | | | | | | | | | |
Items reclassified out of Accumulated other comprehensive loss had the following impact on the Condensed Consolidated Statements of Operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 13-Week Period Ended | | 26-Week Period Ended | | Affected Line Item on the Condensed Consolidated Statements of Operations | | (in millions) | | January 31, 2026 | | February 1, 2025 | | January 31, 2026 | | February 1, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Swap agreements: | | | | | | | | | | | | Reclassification of cash flow hedges | | $ | (1) | | | $ | (2) | | | $ | (2) | | | $ | (6) | | | Interest expense, net | | Income tax expense | | — | | | 1 | | | — | | | 2 | | | Provision (benefit) for income taxes | | Total reclassifications, net of tax | | $ | (1) | | | $ | (1) | | | $ | (2) | | | $ | (4) | | | | | | | | | | | | | | | | Other cash flow hedges: | | | | | | | | | | | | Reclassification of cash flow hedge | | $ | (1) | | | $ | (1) | | | $ | — | | | $ | (2) | | | Cost of sales | | Income tax expense | | — | | | 1 | | | — | | | 1 | | | Provision (benefit) for income taxes | | Total reclassifications, net of tax | | $ | (1) | | | $ | — | | | $ | — | | | $ | (1) | | | |
As of January 31, 2026, the Company expects to reclassify $1 million related to unrealized derivative losses out of Accumulated other comprehensive loss and primarily into Interest expense, net during the following twelve-month period.
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