9. OTHER COMPREHENSIVE INCOME (LOSS)
The following table represents the changes in AOCI by component for the year ended February 1, 2014:
|
|
|
Cash Flow |
|
Available for sale |
|
Pension and |
|
Total(1) |
| ||||
|
Balance at February 2, 2013 |
|
$ |
(14 |
) |
$ |
7 |
|
$ |
(746 |
) |
$ |
(753 |
) |
|
OCI before reclassifications(2) |
|
(12 |
) |
5 |
|
197 |
|
190 |
| ||||
|
Amounts reclassified out of AOCI |
|
1 |
|
— |
|
98 |
|
99 |
| ||||
|
Net current-period OCI |
|
(11 |
) |
5 |
|
295 |
|
289 |
| ||||
|
Balance at February 1, 2014 |
|
$ |
(25 |
) |
$ |
12 |
|
$ |
(451 |
) |
$ |
(464 |
) |
(1) All amounts are net of tax.
(2) Net of tax of $(8), $3 and $116 for cash flow hedging activities, available for sale securities and pension and postretirement defined benefit plans, respectively.
The following table represents the items reclassified out of AOCI and the related tax effects for the year ended February 1, 2014:
|
|
|
February 1, 2014 |
| |
|
Gains on cash flow hedging activities |
|
|
| |
|
Amortization of unrealized gains and losses on cash flow hedging activities(1) |
|
$ |
2 |
|
|
Tax expense |
|
(1 |
) | |
|
Net of tax |
|
1 |
| |
|
|
|
|
| |
|
Pension and postretirement defined benefit plan items |
|
|
| |
|
Amortization of amounts included in net periodic pension expense(2) |
|
155 |
| |
|
Tax expense |
|
(57 |
) | |
|
Net of tax |
|
98 |
| |
|
Total reclassifications, net of tax |
|
$ |
99 |
|
(1) Reclassified from AOCI into interest expense.
(2) Reclassified from AOCI into merchandise costs and operating, general and administrative expense. These components are included in the computation of net periodic pension expense (see Note 15 to the Company’s Consolidated Financial Statements for additional details).