Banana Republic 2013 Annual Report Download - page 82

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58
Between August 2010 and January 2013, the Board of Directors authorized a total of $5.25 billion for share
repurchases, all of which was completed by the end of January 2014. In November 2013, we announced that the
Board of Directors approved a new $1 billion share repurchase authorization, of which $966 million was remaining
as of February 1, 2014.
All except $30 million of total share repurchases in fiscal 2013 were paid for as of February 1, 2014. All of the
share repurchases in fiscal 2012 were paid for as of February 2, 2013.
Note 10. Accumulated Other Comprehensive Income
Effective February 3, 2013, we adopted enhanced disclosure requirements for the reporting of reclassifications
out of accumulated other comprehensive income.
Changes in accumulated other comprehensive income by component, net of tax, are as follows:
($ in millions)
Foreign
Currency
Translation Cash Flow
Hedges Total
Balance at February 2, 2013 $ 158 $ 23 $ 181
Foreign currency translation (51) — (51)
Change in fair value of derivative financial instruments — 48 48
Amounts reclassified from accumulated other comprehensive income — (43) (43)
Other comprehensive income (loss), net (51) 5 (46)
Balance at February 1, 2014 $ 107 $ 28 $ 135
See Note 8 of Notes to Consolidated Financial Statements for additional disclosures about reclassifications out of
accumulated other comprehensive income and their corresponding effects on the respective line items in the
Consolidated Statements of Income.