Stockholders’ Equity The following table shows the change in the components of stockholders’ equity for the nine months ended October 31, 2015: | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | Number
of
Common Shares | | Common Stock | | Additional
Paid-in Capital | | Reinvested
Earnings/
(Accumulated Deficit) | | Accumulated
Other
Comprehensive Income/(Loss) | | Total
Stockholders’ Equity | January 31, 2015 | 304.9 |
| | $ | 152 |
| | $ | 4,606 |
| | $ | (1,779 | ) | | $ | (1,065 | ) | | $ | 1,914 |
| Net income/(loss) | — |
| | — |
| | — |
| | (442 | ) | | — |
| | (442 | ) | Other comprehensive income/(loss) | — |
| | — |
| | — |
| | — |
| | 41 |
| | 41 |
| Stock-based compensation | 0.6 |
| | 1 |
| | 33 |
| | — |
| | — |
| | 34 |
| October 31, 2015 | 305.5 |
| | $ | 153 |
| | $ | 4,639 |
| | $ | (2,221 | ) | | $ | (1,024 | ) | | $ | 1,547 |
|
Comprehensive Income The tax effects allocated to each component of other comprehensive income/(loss) are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | October 31, 2015 | | November 1, 2014 | ($ 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 | $ | 29 |
| | $ | (11 | ) | | $ | 18 |
| | $ | 16 |
| | $ | (6 | ) | | $ | 10 |
| Reclassification for amortization of prior service (credit)/cost | — |
| | — |
| | — |
| | (1 | ) | | — |
| | (1 | ) | Cash flow hedges | | | | | | | | | | | | Net gain/(loss) on interest rate swaps | (10 | ) | | 4 |
| | (6 | ) | | — |
| | — |
| | — |
| Total | $ | 19 |
| | $ | (7 | ) | | $ | 12 |
| | $ | 15 |
| | $ | (6 | ) | | $ | 9 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended | | October 31, 2015 | | November 1, 2014 | ($ 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 | $ | 87 |
| | $ | (34 | ) | | $ | 53 |
| | $ | 49 |
| | $ | (19 | ) | | $ | 30 |
| Reclassification for amortization of prior service (credit)/cost | — |
| | — |
| | — |
| | (1 | ) | | — |
| | (1 | ) | Cash flow hedges | | | | | | | | | | | | Net gain/(loss) on interest rate swaps | (19 | ) | | 7 |
| | (12 | ) | | — |
| | — |
| | — |
| Total | $ | 68 |
| | $ | (27 | ) | | $ | 41 |
| | $ | 48 |
| | $ | (19 | ) | | $ | 29 |
|
The following table shows the changes in accumulated other comprehensive income/(loss) balances for the nine months ended October 31, 2015: | | | | | | | | | | | | | | | | | | | | | ($ in millions) | Net Actuarial Gain/(Loss) | | Prior Service Credit/(Cost) | | Foreign Currency Translation | | Gain/(Loss) on Cash Flow Hedges | | Accumulated Other
Comprehensive Income/(Loss) | January 31, 2015 | $ | (1,023 | ) | | $ | (40 | ) | | $ | (2 | ) | | $ | — |
| | $ | (1,065 | ) | Other comprehensive income/(loss) before reclassifications | — |
| | — |
| | — |
| | (14 | ) | | (14 | ) | Amounts reclassified from accumulated other comprehensive income | 53 |
| | — |
| | — |
| | 2 |
| | 55 |
| October 31, 2015 | $ | (970 | ) | | $ | (40 | ) | | $ | (2 | ) | | $ | (12 | ) | | $ | (1,024 | ) |
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 | | Nine Months Ended | | ($ in millions) | October 31,
2015 | | November 1,
2014 | | October 31,
2015 | | November 1,
2014 | | Amortization of retirement benefit plans | | | | | | | | | | Actuarial loss/(gain)(1) | $ | 29 |
| | $ | 16 |
| | $ | 87 |
| | $ | 49 |
| | Pension | Prior service cost/(credit)(1) | 2 |
| | 1 |
| | 6 |
| | 5 |
| | Pension | Prior service cost/(credit)(1) | (2 | ) | | (2 | ) | | (6 | ) | | (6 | ) | | SG&A | Cash flow hedges | | | | | | | | | | Realized loss/(gain) | — |
| | — |
| | 2 |
| | — |
| | Net interest expense | Tax (expense)/benefit | (10 | ) | | (6 | ) | | (34 | ) | | (19 | ) | | Income tax expense/(benefit) | Total, net of tax | 19 |
| | 9 |
| | 55 |
| | 29 |
| | | Total reclassifications | $ | 19 |
| | $ | 9 |
| | $ | 55 |
| | $ | 29 |
| | |
| | (1) | These accumulated other comprehensive income/(loss) components are included in the computation of net periodic benefit expense/(income). See Note 10 for additional details. |
|