Fair Value Measurements (Tables)
 3 Months Ended
May 04, 2013
Fair Value Measurements [Abstract]  
Carrying Value And Fair Value Of Long-Term Debt, Disclosure
The following table provides a summary of the carrying value and fair value of long-term debt as of May 4, 2013, February 2, 2013 and April 28, 2012:
 
May 4,
2013
 
February 2,
2013
 
April 28,
2012
 
(in millions)
Carrying Value
$
4,475

 
$
4,477

 
$
4,537

Fair Value (a)
5,071

 
5,023

 
4,836

  _______________
(a)
The estimated fair value of the Company’s publicly traded debt is based on reported transaction prices which are considered Level 2 inputs in accordance with ASC Topic 820, Fair Value Measurements and Disclosure. The estimates presented are not necessarily indicative of the amounts that the Company could realize in a current market exchange.
Fair Value, Assets And Liabilities Measured On Recurring Basis
The following table provides a summary of assets and liabilities measured in the consolidated financial statements at fair value on a recurring basis as of May 4, 2013, February 2, 2013 and April 28, 2012:

 
Level 1
 
Level 2
 
Level 3
 
Total
 
(in millions)
As of May 4, 2013
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
382

 
$
—

 
$
—

 
$
382

Liabilities:
 
 
 
 
 
 
 
Cross-currency Cash Flow Hedges
—

 
58

 
—

 
58

Lease Guarantees
—

 
—

 
2

 
2

As of February 2, 2013
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
773

 
$
—

 
$
—

 
$
773

Liabilities:
 
 
 
 
 
 
 
Cross-currency Cash Flow Hedges
—

 
59

 
—

 
59

Lease Guarantees
—

 
—

 
2

 
2

As of April 28, 2012
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
1,286

 
$
—

 
$
—

 
$
1,286

Interest Rate Designated Fair Value Hedges
—

 
13

 
—

 
13

Liabilities:
 
 
 
 
 
 
 
Cross-currency Cash Flow Hedges
—

 
63

 
—

 
63

Lease Guarantees
—

 
—

 
4

 
4
Fair Value, Lease Guarantees On Recurring Basis, Unobservable Input
The following table provides a reconciliation of the Company’s lease guarantees measured at fair value on a recurring basis using unobservable inputs (Level 3) for the first quarter 2013 and 2012:
 
First Quarter
 
2013
 
2012
 
(in millions)
Beginning Balance
$
2

 
$
4

Change in Estimated Fair Value Reported in Earnings
—

 
—

Ending Balance
$
2

 
$
4