Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v2.4.0.8
Stockholders' Equity
3 Months Ended
May 03, 2014
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Stockholders’ Equity
The following table shows the change in the components of stockholders’ equity for the three months ended May 3, 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)

 

 

 
(352
)
 

 
(352
)
Other comprehensive income/(loss)

 

 

 

 
10

 
10

Stock-based compensation
0.2

 

 
8

 

 

 
8

May 3, 2014
304.8

 
$
152

 
$
4,579

 
$
(1,360
)
 
$
(618
)
 
$
2,753



Comprehensive Income
The tax effects allocated to each component of other comprehensive income/(loss) are as follows:
 
 
Three Months Ended
 
May 3, 2014
 
May 4, 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
17

 
(6
)
 
11

 
44

 
(16
)
 
28

Reclassification for amortization of prior service (credit)/cost
(1
)
 

 
(1
)
 
(1
)
 

 
(1
)
Total
$
16

 
$
(6
)
 
$
10

 
$
47

 
$
(17
)
 
$
30


The following table shows the changes in accumulated other comprehensive income/(loss) balances for the three months ended May 3, 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
11

 
(1
)
 
10

Net current-period other comprehensive income
11

 
(1
)
 
10

May 3, 2014
$
(598
)
 
$
(20
)
 
$
(618
)


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
 
($ in millions)
May 3,
2014
 
May 4,
2013
 
Amortization of retirement benefit plans
 
 
 
 
 
Actuarial loss/(gain)(1)
17

 
44

 
Pension
Prior service cost/(credit)(1)
1

 
1

 
Pension
Prior service cost/(credit)(1)
(2
)
 
(2
)
 
SG&A
Tax (expense)/benefit
(6
)
 
(16
)
 
Income tax expense/(benefit)
Total, net of tax
10

 
27

 
 
Total reclassifications
$
10

 
$
27

 
 
(1)
These accumulated other comprehensive components are included in the computation of net periodic benefits expense/(income). See Note 7 for additional details.