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Table of Contents
80
instruments are not designated in hedging relationships and, therefore, we record gains and losses on these contracts directly to
net earnings.
Summary of Derivative Balances
The following table presents the gross fair values for outstanding derivative instruments and the corresponding classification at
January 31, 2015 and February 1, 2014:
January 31, 2015 February 1, 2014
Contract Type Assets Liabilities Assets Liabilities
Derivatives designated as net investment hedges(1) 19 — — —
Derivatives designated as interest rate swaps(2) 1 — — —
No hedge designation (foreign exchange forward contracts)(1) 11 — 2 5
Total 31 — 2 5
(1) The fair value is recorded in other current assets or accrued liabilities.
(2) The fair value is recorded in other assets or long-term liabilities.
The following table presents the effects of derivative instruments on Other Comprehensive Income ("OCI") and on our
Consolidated Statements of Earnings for fiscal 2015 and 2014:
2015
Contract Type Pre-tax Gain(Loss)
Recognized in OCI
Gain(Loss) Reclassified
from Accumulated OCI to
Earnings (Effective
Portion)
Derivatives designated as net investment hedges 22 —
The following table presents the effects of derivatives not designated as hedging instruments on our consolidated statements of
earnings for fiscal 2015 and 2014:
Gain (Loss) Recognized within SG&A
Contract Type 2015 2014
No hedge designation (foreign exchange forward contracts) 12 5
The following table presents the notional amounts of our derivative instruments at January 31, 2015 and February 1, 2014:
Notional Amount
Contract Type January 31, 2015 February 1, 2014
Derivatives designated as net investment hedges 197 —
Derivatives designated as interest rate swaps 145 —
No hedge designation (foreign exchange forward contracts) 212 157
Total 554 157
7. Shareholders' Equity
Stock Compensation Plans
Our 2014 Omnibus Incentive Plan (the "Omnibus Plan") authorizes us to grant or issue non-qualified stock options, incentive
stock options, stock appreciation rights, restricted stock, restricted stock units and other equity awards up to a total of 22.5
million shares. We have not granted incentive stock options under the Omnibus Plan. Under the terms of the Omnibus Plan,
awards may be granted to our employees, officers, advisers, consultants and directors. Awards issued under the Omnibus Plan
vest as determined by the Compensation and Human Resources Committee of our Board of Directors at the time of grant.
Awards granted, forfeited or canceled under the previous plan, the 2004 Omnibus Stock and Incentive Plan, after February 1,
2014 adjust the amount available under the Omnibus Plan. At January 31, 2015, a total of 22.7 million shares were available for
future grants under the Omnibus Plan.