Stockholders’ Equity The following table shows the change in the components of stockholders’ equity for the six months ended August 2, 2014: | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | Number
of
Common Shares | | Common Stock | | Additional
Paid-in Capital | | Reinvested
Earnings/
(Accumulated Deficit) | | Accumulated
Other
Comprehensive Income/(Loss) | | Total
Stockholders’ Equity | February 1, 2014 | 304.6 |
| | $ | 152 |
| | $ | 4,571 |
| | $ | (1,008 | ) | | $ | (628 | ) | | $ | 3,087 |
| Net income/(loss) | — |
| | — |
| | — |
| | (524 | ) | | — |
| | (524 | ) | Other comprehensive income/(loss) | — |
| | — |
| | — |
| | — |
| | 20 |
| | 20 |
| Stock-based compensation | 0.2 |
| | — |
| | 17 |
| | — |
| | — |
| | 17 |
| August 2, 2014 | 304.8 |
| | $ | 152 |
| | $ | 4,588 |
| | $ | (1,532 | ) | | $ | (608 | ) | | $ | 2,600 |
|
Comprehensive Income The tax effects allocated to each component of other comprehensive income/(loss) are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | August 2, 2014 | | August 3, 2013 | ($ in millions) | Gross
Amount | | Income
Tax
(Expense)/
Benefit | | Net
Amount | | Gross
Amount | | Income
Tax
(Expense)/
Benefit | | Net
Amount | REITs | | | | | | | | | | | | Unrealized gain/(loss) | $ | — |
| | $ | — |
| | $ | — |
| | $ | (4 | ) | | $ | 1 |
| | $ | (3 | ) | Retirement benefit plans | | | | | | | | | | | | Reclassification for amortization of net actuarial (gain)/loss | 16 |
| | (7 | ) | | 9 |
| | 44 |
| | (17 | ) | | 27 |
| Reclassification for amortization of prior service (credit)/cost | 1 |
| | — |
| | 1 |
| | — |
| | — |
| | — |
| Total | $ | 17 |
| | $ | (7 | ) |
| $ | 10 |
| | $ | 40 |
| | $ | (16 | ) | | $ | 24 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended | | August 2, 2014 | | August 3, 2013 | ($ in millions) | Gross Amount | | Income
Tax
(Expense)/ Benefit | | Net Amount | | Gross Amount | | Income
Tax
(Expense)/ Benefit | | Net Amount | Retirement benefit plans | | | | | | | | | | | | Reclassification for amortization of net actuarial (gain)/loss | $ | 33 |
| | $ | (13 | ) | | $ | 20 |
| | $ | 88 |
| | $ | (33 | ) | | $ | 55 |
| Reclassification for amortization of prior service (credit)/cost | — |
| | — |
| | — |
| | (1 | ) | | — |
| | (1 | ) | Total | $ | 33 |
| | $ | (13 | ) | | $ | 20 |
| | $ | 87 |
| | $ | (33 | ) | | $ | 54 |
|
The following table shows the changes in accumulated other comprehensive income/(loss) balances for the six months ended August 2, 2014: | | | | | | | | | | | | | ($ in millions) | Net Actuarial Gain/(Loss) | | Prior Service Credit/(Cost) | | Accumulated Other
Comprehensive Income/(Loss) | February 1, 2014 | $ | (609 | ) | | $ | (19 | ) | | $ | (628 | ) | Other comprehensive income/(loss) before reclassifications | — |
| | — |
| | — |
| Amounts reclassified from accumulated other comprehensive income | 20 |
| | — |
| | 20 |
| Net current-period other comprehensive income | 20 |
| | — |
| | 20 |
| August 2, 2014 | $ | (589 | ) | | $ | (19 | ) | | $ | (608 | ) |
Reclassifications out of accumulated other comprehensive income/(loss) are as follows: | | | | | | | | | | | | | | | | | | | | Amount Reclassified from Accumulated Other Comprehensive Income/(Loss) | | Line Item in the Unaudited Interim Consolidated Statements of Operations | | Three Months Ended | | Six Months Ended | | ($ in millions) | August 2,
2014 | | August 3,
2013 | | August 2,
2014 | | August 3,
2013 | | Amortization of retirement benefit plans | | | | | | | | | | Actuarial loss/(gain)(1) | $ | 16 |
| | $ | 44 |
| | $ | 33 |
| | $ | 88 |
| | Pension | Prior service cost/(credit)(1) | 3 |
| | 2 |
| | 4 |
| | 3 |
| | Pension | Prior service cost/(credit)(1) | (2 | ) | | (2 | ) | | (4 | ) | | (4 | ) | | SG&A | Tax (expense)/benefit | (7 | ) | | (17 | ) | | (13 | ) | | (33 | ) | | Income tax expense/(benefit) | Total, net of tax | 10 |
| | 27 |
| | 20 |
| | 54 |
| | | Total reclassifications | $ | 10 |
| | $ | 27 |
| | $ | 20 |
| | $ | 54 |
| | |
| | (1) | These accumulated other comprehensive components are included in the computation of net periodic benefits expense/(income). See Note 7 for additional details. |
|