2.2.0.25falsefalse10801 - Disclosure - Fair Value Disclosurestruefalsefalse1falsefalseUSDfalsefalse1/31/2010 - 1/29/2011 USD ($) USD ($) / shares $Duration_1_31_2010_To_1_29_2011http://www.sec.gov/CIK0001166126duration2010-01-31T00:00:002011-01-29T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Standardhttp://www.xbrl.org/2003/instancepurexbrli0Unit1Standardhttp://www.xbrl.org/2003/instancesharesxbrli0Unit14Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$5false0us-gaap_FairValueDisclosuresTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div> 7) Fair Value Disclosures REIT Assets Measured on a Recurring Basis We determined the fair value of our investments in REITs using quoted market prices. See Note 11 for the net unrealized gain of $112 million in REITs recorded, in 2010, in accumulated other comprehensive income, a component of net equity.  Our REIT assets measured at fair value on a recurring basis were as follows:   <table class="MsoNormalTable" style="font-size: 11pt; width: 7.4in; font-family: 'Calibri','sans-serif'; border-collapse: collapse;" cellspacing="0" cellpadding="0" width="710" border="0"> <tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 59.3pt; padding-top: 0in;" width="79">  </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 72.8pt; padding-top: 0in;" width="97">  </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 69.65pt; padding-top: 0in;" valign="top" width="93">  </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 69.65pt; padding-top: 0in;" valign="top" width="93">  </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 69.65pt; padding-top: 0in;" valign="top" width="93">  </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 72.4pt; padding-top: 0in;" width="97">  </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 72.4pt; padding-top: 0in;" width="97">  </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 46.95pt; padding-top: 0in;" width="63">  </td></tr> <tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 59.3pt; padding-top: 0in;" valign="bottom" width="79"> ($ in millions) </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 212.1pt; padding-top: 0in;" valign="bottom" width="283" colspan="3"> Fair Value as of January 29, 2011 </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 214.45pt; padding-top: 0in;" valign="bottom" width="286" colspan="3"> Fair Value as of January 30, 2010 </td> <td style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 0in; border-bottom: medium none;" width="63">  </td></tr> <tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 59.3pt; padding-top: 0in;" valign="bottom" width="79">  </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 72.8pt; padding-top: 0in;" valign="bottom" width="97"> Level 1</td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 69.65pt; padding-top: 0in;" valign="bottom" width="93"> Level 2 </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 69.65pt; padding-top: 0in;" valign="bottom" width="93"> Level 3 </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 69.65pt; padding-top: 0in;" valign="bottom" width="93"> Level 1 </td> <td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 72.4pt; padding-top: 0in;" valign="bottom" width="97"> Level 2 </td> <td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 72.4pt; padding-top: 0in;" valign="bottom" width="97"> Level 3 </td> <td style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 0in; border-bottom: medium none;" width="63">  </td></tr> <tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 59.3pt; padding-top: 0in;" valign="bottom" width="79">  </td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 72.8pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="97"> <div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; margin-left: 6.7pt; border-left: medium none; margin-right: 0in; padding-top: 1pt; border-bottom: medium none;"> <p class="rrdsinglerule" style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; font-size: 4pt; padding-bottom: 0in; margin: 1pt 0in 0pt; border-left: medium none; line-height: 1pt; padding-top: 0in; border-bottom: medium none; font-family: 'Times New Roman','serif'; text-align: center;"> </div></td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 69.65pt; padding-top: 0in;" valign="bottom" width="93"> <div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; margin-left: 5.9pt; border-left: medium none; margin-right: 0in; padding-top: 1pt; border-bottom: medium none;"> <p class="rrdsinglerule" style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; font-size: 4pt; padding-bottom: 0in; margin: 1pt 0in 0pt; border-left: medium none; line-height: 1pt; padding-top: 0in; border-bottom: medium none; font-family: 'Times New Roman','serif'; text-align: center;"> </div></td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 69.65pt; padding-top: 0in;" valign="bottom" width="93"> <div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; margin-left: 8.25pt; border-left: medium none; margin-right: 0in; padding-top: 1pt; border-bottom: medium none;"> <p class="rrdsinglerule" style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; font-size: 4pt; padding-bottom: 0in; margin: 1pt 0in 0pt; border-left: medium none; line-height: 1pt; padding-top: 0in; border-bottom: medium none; font-family: 'Times New Roman','serif'; text-align: center;"> </div></td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 69.65pt; padding-top: 0in;" valign="bottom" width="93"> <div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; margin-left: 4.6pt; border-left: medium none; margin-right: 0in; padding-top: 1pt; border-bottom: medium none;"> <p class="rrdsinglerule" style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; font-size: 4pt; padding-bottom: 0in; margin: 1pt 0in 0pt; border-left: medium none; line-height: 1pt; padding-top: 0in; border-bottom: medium none; font-family: 'Times New Roman','serif'; text-align: center;"> </div></td> <td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 72.4pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="97"> <div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;"> <p class="rrdsinglerule" style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; font-size: 4pt; padding-bottom: 0in; margin: 1pt 0in 0pt; border-left: medium none; line-height: 1pt; padding-top: 0in; border-bottom: medium none; font-family: 'Times New Roman','serif'; text-align: center;"> </div></td> <td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 72.4pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="97"> <div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;"> <p class="rrdsinglerule" style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; font-size: 4pt; padding-bottom: 0in; margin: 1pt 0in 0pt; border-left: medium none; line-height: 1pt; padding-top: 0in; border-bottom: medium none; font-family: 'Times New Roman','serif'; text-align: center;"> </div></td> <td style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 0in; border-bottom: medium none;" width="63">  </td></tr> <tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 59.3pt; padding-top: 0in;" valign="top" width="79"> REIT assets</td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 72.8pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="97"> $              253</td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 69.65pt; padding-top: 0in;" valign="bottom" width="93"> $                      -</td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 69.65pt; padding-top: 0in;" valign="bottom" width="93"> $                       -</td> <td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 69.65pt; padding-top: 0in;" valign="bottom" width="93"> $        178</td> <td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 72.4pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="97"> $                     -</td> <td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 72.4pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="97"> $                     -</td> <td style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 0in; border-bottom: medium none;" width="63">  </td></tr></table> Other Non-Financial Assets Measured on a Non-Recurring Basis In 2010, primarily one underperforming store with a carrying value of $3 million was impaired, which resulted in a $3 million charge to earnings and no remaining fair value.   In 2009, seven underperforming stores with a carrying value of $43 million and other corporate assets with a carrying value of $20 million were written down to their fair value of $18 million and $6 million, respectively, and resulted in an impairment charge of $39 million, which was included in earnings for the period.  The inputs to determine fair values were primarily based on projected discounted cash flow as well as other market information obtained from brokers. <strike> </strike>   The following table presents fair values for those assets measured at fair value during 2009 on a non-recurring basis, and remaining on our Consolidated Balance Sheet:   <div align="center"> <table class="MsoNormalTable" style="font-size: 11pt; margin-left: 42pt; width: 91.66%; font-family: 'Calibri','sans-serif'; border-collapse: collapse;" cellspacing="0" cellpadding="0" width="91%" border="0"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 107.8pt; padding-top: 0in;" valign="bottom" width="144"> ($ in millions)</td> <td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 354.15pt; padding-top: 0in;" valign="bottom" width="472" colspan="4"> Assets at Fair Value as of January 30, 2010 <div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;"> <p class="rrdsinglerule" style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; font-size: 4pt; padding-bottom: 0in; margin: 1pt 0in 0pt; border-left: medium none; line-height: 1pt; padding-top: 0in; border-bottom: medium none; font-family: 'Times New Roman','serif'; text-align: center;"> </div></td></tr> <tr><td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 107.8pt; padding-top: 0in;" valign="bottom" width="144">  </td> <td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 104.55pt; padding-top: 0in;" valign="bottom" width="139"> Level 1 <div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;"> <p class="rrdsinglerule" style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; font-size: 4pt; padding-bottom: 0in; margin: 1pt 0in 0pt; border-left: medium none; line-height: 1pt; padding-top: 0in; border-bottom: medium none; font-family: 'Times New Roman','serif'; text-align: center;"> </div></td> <td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 83.2pt; padding-top: 0in;" valign="bottom" width="111"> Level 2 <div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;"> <p class="rrdsinglerule" style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; font-size: 4pt; padding-bottom: 0in; margin: 1pt 0in 0pt; border-left: medium none; line-height: 1pt; padding-top: 0in; border-bottom: medium none; font-family: 'Times New Roman','serif'; text-align: center;"> </div></td> <td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 83.2pt; padding-top: 0in;" valign="bottom" width="111"> Level 3 <div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;"> <p class="rrdsinglerule" style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; font-size: 4pt; padding-bottom: 0in; margin: 1pt 0in 0pt; border-left: medium none; line-height: 1pt; padding-top: 0in; border-bottom: medium none; font-family: 'Times New Roman','serif'; text-align: center;"> </div></td> <td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 83.2pt; padding-top: 0in;" valign="bottom" width="111"> Total <div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;"> <p class="rrdsinglerule" style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; font-size: 4pt; padding-bottom: 0in; margin: 1pt 0in 0pt; border-left: medium none; line-height: 1pt; padding-top: 0in; border-bottom: medium none; font-family: 'Times New Roman','serif'; text-align: center;"> </div></td></tr> <tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 107.8pt; padding-top: 0in;" valign="top" width="144"> Stores</td> <td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 104.55pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="139"> $                           -  </td> <td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 83.2pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="111"> $                            - </td> <td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 83.2pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="111"> $                         18 </td> <td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 83.2pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="111"> $                         18 </td></tr> <tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 107.8pt; padding-top: 0in;" valign="top" width="144"> Other corporate assets</td> <td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 104.55pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="139"> -  </td> <td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 83.2pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="111"> 3</td> <td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 83.2pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="111"> 3</td> <td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 83.2pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="111">                               6 </td></tr></table></div>   Other Financial Instruments Cash and Cash Equivalents The carrying amount approximates fair value because of the short maturity of these instruments.   Long-Term Debt The fair value of long-term debt is estimated by obtaining quotes from brokers or is based on current rates offered for similar debt. At January 29, 2011, long-term debt had a carrying value and fair value of $3.1 billion. At January 30, 2010, long-term debt, including current maturities, had a carrying value of $3.4 billion and a fair value of $3.3 billion. Concentrations of Credit Risk We have no significant concentrations of credit risk. </div> </div>7) Fair Value Disclosures REIT Assets Measured on a Recurring Basis We determined the fair value of our investments in REITs using quoted market prices. SeefalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis item represents the complete disclosure regarding the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the Company is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risk is are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15B -Subparagraph a, b Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 3, 10, 14, 15 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44A, 44B Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32, 33, 34 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15C, 15D Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15A -Subparagraph a-d Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 17-22, 27, 28 falsefalseFair Value Disclosures11Fair Value DisclosuresUnKnownUnKnownUnKnownUnKnownfalsetrue