The net notional amounts of our derivative instruments were as follows ($ in millions):


	August 1, 2026		January 31, 2026		August 2, 2025
Derivatives designated as net investment hedges	$	119	$	119	$	119
Derivatives designated as fair value hedges (interest rate swaps)	500		500		500
No hedge designation (foreign exchange contracts)	46		34		62
Total	$	665	$	653	$	681

Effects of our fair value hedges included in Interest expense on our Condensed Consolidated Statements of Earnings were as follows ($ in millions):


	Gain (Loss) Recognized
	Three Months Ended				Six Months Ended
	August 1, 2026		August 2, 2025		August 1, 2026		August 2, 2025
Interest rate swaps	$	-	$	9	$	(7)	$	15
Adjustments to carrying value of long-term debt	-		(9)		7		(15)
Total	$	-	$	-	$	-	$	-

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

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+ Details