View Filing Data

Other intangibles and other assets

146

145

144

128

135

143

Assets, Total

3,119

2,896

2,913

Current liabilities

Accounts payable

365

223

345

Accrued expenses and other current liabilities

255

266

236

Liabilities, Current, Total

620

489

581

Long-term debt

136

137

Other liabilities

248

245

279

Liabilities, Total

1,004

871

997

Shareholders' equity

Common stock and paid-in capital: 163,749,566, 161,843,666 and 162,659,192 shares, respectively

756

735

718

Retained earnings

1,691

1,611

1,548

Accumulated other comprehensive loss

(125)

(169)

(228)

Less: Treasury stock at cost: 10,641,938, 6,184,542 and 8,039,074 shares, respectively

(207)

(152)

(122)

Total shareholders' equity

2,115

2,025

1,916

Liabilities and Equity, Total

$ 3,119

$ 2,896

$ 2,913

[1]

The balance sheet at January 29, 2011 has been derived from the previously reported audited financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the year ended January 29, 2011.

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares

Jul. 30, 2011

Jan. 29, 2011

^[1]

Jul. 31, 2010

Common stock, shares issued

163,749,566

162,659,192

161,843,666

Treasury stock, shares

10,641,938

8,039,074

6,184,542

[1]

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions

3 Months Ended

6 Months Ended

Jul. 30, 2011

Jul. 31, 2010

Jul. 30, 2011

Jul. 31, 2010

Selling, general and administrative expenses

$ 1,275

$ 1,096

$ 2,727

$ 2,377

Cost of sales

887

791

1,864

1,679

301

268

599

548

Depreciation and amortization

Interest expense, net

Other income

^[1]

(1)

Costs and Expenses, Total

1,217

1,086

2,520

2,283

Income before income taxes

207

Income tax expense

$ 37

$ 6

$ 131

$ 60

Basic earnings per share:

Weighted-average common shares outstanding

$ 0.24

$ 0.04

$ 0.85

$ 0.39

153.7

156.1

154.0

156.3

Diluted earnings per share:

Weighted-average common shares assuming dilution

$ 0.24

$ 0.04

$ 0.84

$ 0.38

155.2

156.9

155.4

157.1

[1]

Other income includes non-operating items, such as gains from insurance recoveries, gains on the repurchase and retirement of bonds, royalty income, the changes in fair value, premiums paid and realized gains associated with foreign currency option contracts. Other income for the twenty-six weeks ended July 30, 2011 primarily represents lease termination gains related to the sale of leasehold interests and royalty income from the Company's franchised operations. Other income for the twenty-six weeks ended July 31, 2010 primarily represents royalty income and realized gains associated with foreign currency option contracts.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2011	Jul. 31, 2010	Jul. 30, 2011	Jul. 31, 2010
Net income	$ 37	$ 6	$ 131	$ 60
Foreign currency translation adjustment:
Translation adjustment arising during the period, net of tax period	(18)	(14)	43	(37)
Cash flow hedges:
Change in fair value of derivatives, net of tax	(1)	(1)		(1)
Pension and postretirement adjustments:
Amortization of net actuarial gain/loss and prior services included in net periodic benefit costs, net of income tax expense of $1 million, $1 million, $2 million and $2 million	1	2	2	4
Comprehensive income (loss)	$ 19	$ (7)	$ 176	$ 26

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 8, 9, 10, 11, 12, 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 30
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A5
-Appendix A

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e557-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e540-108580

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6508144

Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Research Bulletin (ARB)
-Number 51
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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 87-21
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-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph a
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 10, 15
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28, 29, 30
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 5
-Section 03
-Paragraph 19

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-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
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-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

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-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

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-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e565-108580

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

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-Name Accounting Research Bulletin (ARB)
-Number 51
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-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A7
-Appendix A

Net of tax effect change in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges after taxes. A cash flow hedge is a hedge of the exposure to variability in the cash flows of a recognized asset or liability or a forecasted transaction that is attributable to a particular risk. The change includes an entity's share of an equity investee's increase or decrease in deferred hedging gains or losses. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label.

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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 46
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 24
-Subparagraph b
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 31, 46
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14, 17, 20, 24, 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 55
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=6920433&loc=d3e998-108581

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(3)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity, net of tax.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 24
-Subparagraph b
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14, 17, 19, 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 52
-Paragraph 13, 20, 31
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-Subparagraph (b),(c)
-URI http://asc.fasb.org/extlink&oid=6915805&loc=d3e32211-110900

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 55
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6920433&loc=d3e998-108581

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(3)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

The adjustment out of other comprehensive income for actuarial gains or losses recognized as a component of net periodic benefit cost during the period, after tax.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2011	Jul. 31, 2010	Jul. 30, 2011	Jul. 31, 2010
Amortization of net actuarial gain/loss and prior services included in net periodic benefit costs, income tax expense	$ 1	$ 1	$ 2	$ 2

For each annual statement of income presented, the tax effect of the net gain (loss) recognized in other comprehensive income that is a reclassification adjustment of other comprehensive income as a result of being recognized as a component of net periodic benefit cost for the period.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions

6 Months Ended

Jul. 30, 2011

Jul. 31, 2010

From Operating Activities:

Adjustments to reconcile net income to net cash provided by operating activities:

$ 131

$ 60

Depreciation and amortization

Share-based compensation expense

Qualified pension plan contributions

(1)

(2)

Change in assets and liabilities:

Merchandise inventories

(195)

(193)

Accounts payable

138

132

Other accruals

(21)

Other, net

(20)

Net cash provided by operating activities

127

From Investing Activities:

Capital expenditures

(66)

(51)

Net cash used in investing activities

(66)

(51)

From Financing Activities:

Purchase of treasury shares

(59)

(20)

Issuance of common stock

Dividends paid

(51)

(47)

Treasury stock issued under employee stock plan

Excess tax benefits on share-based compensation

Net cash used in financing activities

(95)

(63)

Effect of exchange rate fluctuations on Cash and Cash Equivalents

(19)

Net change in Cash and Cash Equivalents

(15)

(70)

Cash and Cash Equivalents at beginning of year

696

^[1]

582

Cash and Cash Equivalents at end of interim period

681

512

Cash paid during the period:

Interest

Income taxes

$ 81

$ 23

[1]

Summary of Significant Accounting Policies

6 Months Ended

Jul. 30, 2011

Summary of Significant Accounting Policies

1. Summary of Significant Accounting Policies

Basis of Presentation

The accompanying condensed consolidated financial statements contained in this report are unaudited. In the opinion of management, the condensed consolidated financial statements include all adjustments, which are of a normal recurring nature, necessary for a fair presentation of the results for the interim periods of the fiscal year ending January 28, 2012 and of the fiscal year ended January 29, 2011. Certain items included in these statements are based on management’s estimates. Actual results may differ from those estimates. The results of operations for any interim period are not necessarily indicative of the results expected for the year. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Notes to Consolidated Financial Statements contained in the Company’s Form 10-K for the year ended January 29, 2011, as filed with the Securities and Exchange Commission (the “SEC”) on March 28, 2011.

Recent Accounting Pronouncements

Recently issued accounting pronouncements did not, or are not believed by management to, have a material effect on the Company’s present or future consolidated financial statements.

Goodwill and Other Intangible Assets

6 Months Ended

Jul. 30, 2011

Goodwill and Other Intangible Assets

2. Goodwill and Other Intangible Assets

Annually during the first quarter, or more frequently if impairment indicators arise, the Company reviews goodwill and intangible assets with indefinite lives for impairment. The annual review of goodwill and assets with indefinite lives during the first quarters of 2011 and 2010 did not result in impairment charges. The fair value of each of the reporting units substantially exceeds its carrying value for both periods. The following table provides a summary of goodwill by reportable segment. The changes represent foreign exchange fluctuations.

	July 30,		July 31,		January 29,
(in millions)	2011		2010		2011
Athletic Stores	$	19	$	17	$	18
Direct-to-Customers		127		127		127
Goodwill	$	146	$	144	$	145

The components of finite-lived intangible assets and intangible assets not subject to amortization are as follows:

	July 30, 2011							July 31, 2010							January 29, 2011
	Gross		Accum.			Net		Gross		Accum.			Net		Gross		Accum.			Net
(in millions)	value		amort.			value		value		amort.			value		value		amort.			value
Finite life intangible assets:
Lease acquisition costs	$	184	$	(157	)	$	27	$	170	$	(137	)	$	33	$	178	$	(150	)	$	28

Trademark		21		(8	)		13		21		(7	)		14		21		(7	)		14

Loyalty program		1		(1	)		—		1		(1	)		—		1		(1	)		—

Favorable leases		9		(9	)		—		9		(8	)		1		9		(8	)		1

CCS customer relationships		21		(11	)		10		21		(7	)		14		21		(9	)		12

Total finite life intangible assets		236		(186	)		50		222		(160	)		62		230		(175	)		55

	July 30, 2011							July 31, 2010							January 29, 2011
	Gross		Accum.			Net		Gross		Accum.			Net		Gross		Accum.			Net
(in millions)	value		amort.			value		value		amort.			value		value		amort.			value
Intangible assets not subject to amortization:
Republic of Ireland trademark		2		—			2		2		—			2		2		—			2
CCS trade-name		15		—			15		25		—			25		15		—			15

Total indefinite life intangible assets		17		—			17		27		—			27		17		—			17

Total other intangible assets	$	253	$	(186	)	$	67	$	249	$	(160	)	$	89	$	247	$	(175	)	$	72

For the twenty-six week period ended July 30, 2011, activity included amortization of $9 million and retirements of $4 million, offset by lease acquisition additions of $4 million and the effect of the weakening of the U.S. dollar as compared with the euro of $4 million. The lease acquisition additions recorded during the period are being amortized over 10 years.

	Thirteen weeks ended				Twenty-six weeks ended
	July 30,		July 31,		July 30,		July 31,
(in millions)	2011		2010		2011		2010
Amortization expense	$	5	$	4	$	9	$	9

Future expected amortization expense for finite life intangible assets is estimated as follows:

	(in millions)
Remainder of 2011	$	8
2012		14
2013		10
2014		4
2015		2
2016		2

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

Financial Instruments

6 Months Ended

Jul. 30, 2011

Financial Instruments

3. Financial Instruments

The Company operates internationally and utilizes certain derivative financial instruments to mitigate its foreign currency exposures, primarily related to third-party and intercompany forecasted transactions. As a result of the use of derivative instruments, the Company is exposed to the risk that counterparties will fail to meet their contractual obligations. To mitigate this counterparty credit risk, the Company has a policy of entering into contracts only with major financial institutions selected based upon their credit ratings and other financial factors. The Company monitors the creditworthiness of counterparties throughout the duration of the derivative instrument. Additional information is contained within Note 9, Fair Value Measurements.

Derivative Holdings Designated as Hedges

For a derivative to qualify as a hedge at inception and throughout the hedged period, the Company formally documents the nature of the hedged items and the relationships between the hedging instruments and the hedged items, as well as its risk-management objectives, strategies for undertaking the various hedge transactions, and the methods of assessing hedge effectiveness and hedge ineffectiveness. In addition, for hedges of forecasted transactions, the significant characteristics and expected terms of a forecasted transaction must be specifically identified, and it must be probable that each forecasted transaction would occur. If it were deemed probable that the forecasted transaction would not occur, the gain or loss would be recognized in earnings immediately. No such gains or losses were recognized in earnings for any of the periods presented. Derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged, both at inception and throughout the hedged period, which management evaluates periodically.

Cash Flow Hedges

The primary currencies to which the Company is exposed are the euro, British pound, Canadian dollar, and Australian dollar. For option and forward foreign exchange contracts designated as cash flow hedges of the purchase of inventory, the effective portion of gains and losses is deferred as a component of Accumulated Other Comprehensive Loss (“AOCL”) and is recognized as a component of cost of sales when the related inventory is sold. The amount reclassified to cost of sales related to such contracts was not significant for any of the periods presented. The ineffective portion of gains and losses related to cash flow hedges recorded to earnings was also not significant for any of the periods presented. When using a forward contract as a hedging instrument, the Company excludes the time value from the assessment of effectiveness. At each quarter-end, the Company had not hedged forecasted transactions for more than the next twelve months, and the Company expects all derivative-related amounts reported in AOCL to be reclassified to earnings within twelve months. The notional value of the contracts outstanding at July 30, 2011 was $48 million and these contracts extend through June 2012. The net change in fair value of foreign exchange derivative financial instruments designated as cash flow hedges of the purchase of inventory was an increase to AOCL of $1 million for the thirteen weeks ended July 30, 2011. There was no change in AOCL for the twenty-six weeks ended July 30, 2011, as the loss of $1 million recorded during the second quarter was offset by a $1 million gain recorded in the first quarter. The change in AOCL was an increase of $1 million for both the thirteen and twenty-six weeks ended July 31, 2010.

Derivative Holdings Designated as Non-Hedges

The Company mitigates the effect of fluctuating foreign exchange rates on the reporting of foreign-currency denominated earnings by entering into currency option contracts. The notional value of the contracts outstanding at July 30, 2011 was $33 million and these contracts extend through October 2011. Changes in the fair value of these foreign currency option contracts, which are designated as non-hedges, are recorded in earnings immediately within other income. The realized gains, premiums paid and changes in the fair market value recorded in the Condensed Consolidated Statements of Operations were not significant for the thirteen-week and twenty six periods ended July 30, 2011 and July 31, 2010.

The Company also enters into forward foreign exchange contracts to hedge foreign-currency denominated merchandise purchases and intercompany transactions that are not designated as hedges. The notional value of the contracts outstanding at July 30, 2011 was $23 million and these contracts extend through December 2011. Net changes in the fair value of foreign exchange derivative financial instruments designated as non-hedges were substantially offset by the changes in value of the underlying transactions, which were recorded in selling, general and administrative expenses. The amount recorded for all the periods presented was not significant.

The Company enters into diesel fuel forward and option contracts to mitigate a portion of the Company’s freight expense due to the variability caused by fuel surcharges imposed by our third-party freight carriers. The notional value of the contracts outstanding at July 30, 2011 was $4 million and these contracts extend through May 2012. Changes in the fair value of these contracts are recorded in earnings immediately. The effect was not significant for any of the periods presented.

Fair Value of Derivative Contracts

The following represents the fair value of the Company’s derivative contracts. Many of the Company’s agreements allow for a netting arrangement. The following is presented on a gross basis, by type of contract:

	Balance Sheet	July 30,		July 31,			January 29,
(in millions)	Caption	2011		2010			2011
Hedging Instruments:
Forward foreign exchange contracts	Current asset	$	1	$	—		$	2
Forward foreign exchange contracts	Current liability		—		(1	)		—
Total		$	1	$	(1	)	$	2

Non-Hedging Instruments:
Forward foreign exchange and option contracts	Current liability	$	—	$	(1	)	$	—
European cross currency swap	Non current liability		—		(24	)		—
Total		$	0	$	(25	)	$	—

Fair Value of Financial Instruments

The carrying value and estimated fair value of long-term debt were as follows:

	July 30,		July 31,		January 29,
(in millions)	2011		2010		2011
Carrying value	$	136	$	137	$	137
Fair value	$	144	$	136	$	139

The carrying values of cash and cash equivalents, short-term investments, and other current receivables and payables approximate their fair value.

The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 45
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

6 Months Ended

Jul. 30, 2011

4. Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss comprised the following:

	July 30,			July 31,			January 29,
(in millions)	2011			2010			2011
Foreign currency translation adjustments	$	129		$	38		$	86
Cash flow hedges		1			(1	)		1
Unrecognized pension cost and postretirement benefit		(253	)		(263	)		(254	)
Unrealized loss on available-for-sale security		(2	)		(2	)		(2	)
	$	(125	)	$	(228	)	$	(169	)

The entire disclosure for comprehensive income. Includes, but is not limited to, the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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Earnings Per Share

6 Months Ended

Jul. 30, 2011

Earnings Per Share

5. Earnings Per Share

The Company accounts for and discloses net earnings per share using the treasury stock method. The Company’s basic earnings per share is computed by dividing the Company’s reported net income for the period by the weighted-average number of common shares outstanding at the end of the period. The Company’s restricted stock awards, which contain non-forfeitable rights to dividends, are considered participating securities and are included in the calculation of basic earnings per share. Diluted earnings per share reflects the weighted-average number of common shares outstanding during the period used in the basic earnings per share computation plus dilutive common stock equivalents. The Company’s basic and diluted weighted-average number of common shares outstanding as of July 30, 2011 and July 31, 2010, were as follows:

	Thirteen weeks ended				Twenty-six weeks ended
	July 30,		July 31,		July 30,		July 31,
(in millions)	2011		2010		2011		2010
Weighted-average common shares outstanding		153.7		156.1		154.0		156.3
Effect of Dilution:
Stock options and awards		1.5		0.8		1.4		0.8
Weighted-average common shares assuming dilution		155.2		156.9		155.4		157.1

Options to purchase 3.9 million and 4.8 million shares of common stock were not included in the computation for the thirteen weeks ended July 30, 2011 and July 31, 2010, respectively. Options to purchase 3.6 million and 4.4 million shares of common stock were not included in the computation for the twenty-six weeks ended July 30, 2011 and July 31, 2010, respectively. These options were not included primarily because the exercise prices of the options were greater than the average market price of the common shares and, therefore, the effect would be antidilutive. For the thirteen and twenty-six weeks ended July 30, 2011, contingently issuable shares of 0.9 million have not been included as the vesting conditions have not been satisfied.

Segment Information

6 Months Ended

Jul. 30, 2011

Segment Information

6. Segment Information

The Company has determined that its reportable segments are those that are based on its method of internal reporting. As of July 30, 2011, the Company has two reportable segments, Athletic Stores and Direct-to-Customers. Sales and division results for the Company’s reportable segments for the thirteen weeks and twenty-six weeks ended July 30, 2011 and July 31, 2010 are presented below. Division profit reflects income before income taxes, corporate expense, net interest expense, and net non-operating income.

Sales

	Thirteen weeks ended				Twenty-six weeks ended
	July 30,		July 31,		July 30,		July 31,
(in millions)	2011		2010		2011		2010
Athletic Stores	$	1,174	$	1,015	$	2,505	$	2,196
Direct-to-Customers		101		81		222		181
Total sales	$	1,275	$	1,096	$	2,727	$	2,377

Operating Results

	Thirteen weeks ended				Twenty-six weeks ended
	July 30,		July 31,		July 30,			July 31,
(in millions)	2011		2010		2011			2010
Athletic Stores	$	79	$	33	$	241		$	134
Direct-to-Customers		7		3		20			13
Restructuring charge (1)		—		—		(1	)		—
Division profit		86		36		260			147
Less: Corporate expense, net		27		25		51			49
Operating profit		59		11		209			98
Other income (2)		—		1		1			1
Interest expense, net		1		2		3			5
Income before income taxes	$	58	$	10	$	207		$	94

(1)

During the first quarter of 2011, the Company increased its 1993 Repositioning and 1991 Restructuring reserve by $1 million for repairs necessary to one of the locations comprising this reserve. This amount is included in selling, general and administrative expenses in the Condensed Consolidated Statement of Operations.

(2)

Other income includes non-operating items, such as gains from insurance recoveries, gains on the repurchase and retirement of bonds, royalty income, the changes in fair value, premiums paid and realized gains associated with foreign currency option contracts. Other income for the twenty-six weeks ended July 30, 2011 primarily represents lease termination gains related to the sale of leasehold interests and royalty income from the Company’s franchised operations. Other income for the twenty-six weeks ended July 31, 2010 primarily represents royalty income and realized gains associated with foreign currency option contracts.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Pension and Postretirement Plans

Pension and Postretirement Plans

6 Months Ended

Jul. 30, 2011

7. Pension and Postretirement Plans

The Company has defined benefit pension plans covering certain of its North American employees, which are funded in accordance with the provisions of the laws where the plans are in effect. In addition to providing pension benefits, the Company sponsors postretirement medical and life insurance plans, which are available to most of its retired U.S. employees. These medical and life insurance plans are contributory and are not funded.

The following are the components of net periodic pension benefit cost and net periodic postretirement benefit income:

	Pension Benefits												Postretirement Benefits
	Thirteen weeks						Twenty-six weeks						Thirteen weeks						Twenty-six weeks
	ended						ended						ended						ended
	July 30,			July 31,			July 30,			July 31,			July 30,			July 31,			July 30,			July 31,
(in millions)	2011			2010			2011			2010			2011			2010			2011			2010
Service cost	$	3		$	3		$	6		$	6		$	—		$	—		$	—		$	—
Interest cost		8			9			16			17			—			—			—			—
Expected return on
plan assets		(10	)		(10	)		(20	)		(20	)		—			—			—			—
Amortization of net loss (gain)		3			4			7			9			(1	)		(1	)		(2	)		(3	)
Net benefit expense (income)	$	4		$	6		$	9		$	12		$	(1	)	$	(1	)	$	(2	)	$	(3	)

During the twenty-six weeks ended July 30, 2011 the Company made a $1 million contribution to its Canadian qualified plan. No further pension contributions to its U.S. or Canadian qualified plans are required in 2011.

The entire disclosure for pension and other postretirement benefits.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph h
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph q
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 8
-Subparagraph m
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
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-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 03-2
-Paragraph 8
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-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 30
-Paragraph 26
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-Name FASB Staff Position (FSP)
-Number FAS106-2
-Paragraph 20, 21, 22
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7, 21, 22
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5, 6, 7, 8
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-Publisher FASB
-Name Implementation Guide (Q and A)
-Number FAS88
-Paragraph 63
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI http://asc.fasb.org/topic&trid=2235017

Share-Based Compensation

6 Months Ended

Jul. 30, 2011

Share-Based Compensation

8. Share-Based Compensation

Total compensation expense related to the Company’s share-based compensation plans was $4 million for both the thirteen weeks ended July 30, 2011 and July 31, 2010, and was $8 million and $7 million for the twenty-six ended July 30, 2011 and July 31, 2010, respectively. The Company uses a Black-Scholes option-pricing model to estimate the fair value of share-based awards. The Black-Scholes option-pricing model incorporates various and highly subjective assumptions, including expected term and expected volatility.

The following table shows the Company’s assumptions used to compute the share-based compensation expense:

	Stock Option Plans Twenty-six weeks ended						Stock Purchase Plan Twenty-six weeks ended
	July 30,			July 31,			July 30,			July 31,
	2011			2010			2011			2010
Weighted-average risk free rate of interest		2.08	%		2.34	%		0.37	%		1.03	%
Expected volatility		45	%		45	%		37	%		39	%
Weighted-average expected award life	5.0 years			5.0 years			1.0 year			1.0 year
Dividend yield		3.5	%		4.0	%		3.8	%		5.1	%
Weighted-average fair value	$	5.86		$	4.47		$	3.34		$	2.36

The information in the following table covers options granted under the Company’s stock option plans for the twenty-six weeks ended July 30, 2011:

(in thousands, except price per share)	Shares			Weighted-Average Term		Weighted-Average Exercise Price
Options outstanding at the beginning of the year		7,220				$	17.17
Granted		1,600					19.12
Exercised		(743	)				12.06
Expired or cancelled		(64	)				16.92
Options outstanding at July 30, 2011		8,013			5.89	$	18.03
Options exercisable at July 30, 2011		5,135			4.28	$	18.85
Options available for future grant at July 30, 2011		7,071

The total intrinsic value of options exercised (the difference between the market price of the Company’s common stock on the exercise date and the price paid by the optionee to exercise the option) is presented below:

	Thirteen weeks ended				Twenty-six weeks ended
	July 30,		July 31		July 30,		July 31,
(in millions)	2011		2010		2011		2010
Exercised	$	6	$	-	$	8	$	1

The aggregate intrinsic value for stock options outstanding and exercisable (the difference between the Company’s closing stock price on the last trading day of the period and the exercise price of the options, multiplied by the number of in-the-money stock options) is presented below:

(in millions)	July 30, 2011		July 31, 2010
Outstanding	$	38	$	9
Outstanding and exercisable	$	23	$	5

The cash received from option exercises for the thirteen and twenty-six weeks ended July 30, 2011 was $5 million and $8 million, respectively. The cash received from option exercises for the thirteen and twenty-six weeks ended July 31, 2010 was not significant and $1 million, respectively. The tax benefit realized from option exercises was $2 million and $3 million for the thirteen and twenty-six weeks ended July 30, 2011, respectively, and was not significant for the corresponding prior-year periods.

The following table summarizes information about stock options outstanding and exercisable at July 30, 2011:

				Options Outstanding						Options Exercisable
						Weighted-
						Average
						Remaining		Weighted-				Weighted-
				Number		Contractual		Average		Number		Average
Range of Exercise Prices				Outstanding		Life		Exercise Price		Exercisable		Exercise Price
(in thousands, except price per share and contractual life)
$	9.85	$	11.66		1,845		6.30	$	10.36		1,419	$	10.47
$	12.30	$	16.02		1,893		6.01	$	15.29		1,036	$	15.45
$	16.15	$	18.84		1,659		8.67	$	18.66		149	$	16.92
$	19.23	$	25.39		1,972		4.01	$	24.16		1,887	$	24.16
$	25.46	$	28.16		644		2.96	$	27.68		644	$	27.68
$	9.85	$	28.16		8,013		5.89	$	18.03		5,135	$	18.85

Changes in the Company’s nonvested options for the twenty-six weeks ended July 30, 2011 are summarized as follows:

(in thousands, except price per share)	Number of Shares			Weighted- Average Grant Date Fair Value per Share
Nonvested at January 29, 2011		2,132		$	13.23
Granted		1,600			19.12
Vested		(790	)		12.70
Expired or cancelled		(64	)		16.92
Nonvested at July 30, 2011		2,878		$	16.57

Compensation expense related to the Company’s stock option and stock purchase plans was $2 million and $4 million for the thirteen and twenty-six weeks ended July 30, 2011, respectively, and was $2 million and $3 million for the thirteen and twenty-six weeks ended July 31, 2010, respectively. As of July 30, 2011, there was $8 million of total unrecognized compensation cost, related to nonvested stock options, which is expected to be recognized over a weighted-average period of 1.37 years.

Restricted Stock and Units

Restricted shares of the Company’s common stock and restricted stock units may be awarded to certain officers and key employees of the Company. For executives outside of the United States, the Company issues restricted stock units. The Company also issues restricted stock units to its non-employee directors. Each restricted stock unit represents the right to receive one share of the Company’s common stock, provided that the vesting conditions are satisfied. As of July 30, 2011, 1,084,011 restricted stock units were outstanding. Compensation expense is recognized using the fair market value at the date of grant and is amortized over the vesting period, provided the recipient continues to be employed by the Company. Generally, awards fully vest after the passage of time, typically three years. However, restricted stock unit grants made after May 19, 2010 in connection with the Company’s long-term incentive program vest after the attainment of certain performance metrics and the passage of time. Restricted stock is considered outstanding at the time of grant and the holders have voting rights. Dividends are paid to holders of restricted stock that vests with the passage of time; for performance-based restricted stock granted after May 19, 2010, dividends will be accumulated and paid after the performance criteria are met.

Restricted shares and units activity for the twenty-six weeks ended July 30, 2011 and July 31, 2010 is summarized as follows:

	Number of Shares and Units
(in thousands)	July 30, 2011			July 31, 2010
Outstanding at beginning of period		1,759			1,680
Granted		672			651
Vested		(317	)		(457	)
Cancelled or forfeited		—			(70	)
Outstanding at end of period		2,114			1,804
Aggregate value (in millions)	$	30		$	21
Weighted-average remaining contractual life	1.65 years			1.90 years

The weighted-average grant-date fair value per share was $20.15 and $13.75 for the twenty-six weeks ended July 30, 2011 and July 31, 2010, respectively. The total value of awards for which restrictions lapsed during the twenty-six weeks ended July 30, 2011 and July 31, 2010 was $4 million and $10 million, respectively. As of July 30, 2011, there was $16 million of total unrecognized compensation cost related to nonvested restricted awards. The Company recorded compensation expense related to restricted stock awards, net of forfeitures, of $2 million for both the thirteen weeks ended July 30, 2011 and July 31, 2010 and $4 million for both the twenty-six weeks ended July 30, 2011 and July 31, 2010.

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

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-Name Accounting Standards Codification
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-Paragraph 2
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-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 40
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929

Fair Value Measurements

6 Months Ended

Jul. 30, 2011

Fair Value Measurements

9. Fair Value Measurements

The following tables provide a summary of the Company’s recognized assets and liabilities that are measured at fair value on a recurring basis:

	At July 30, 2011						At July 31, 2010						At January 29, 2011
(in millions)	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets
Short-term investment	$	—	$	—	$	—	$	—	$	—	$	7	$	—	$	—	$	—
Auction rate security		—		5		—		—		5		—		—		5		—
Forward foreign exchange contracts		—		1		—		—		—		—		—		2		—
Total Assets	$	—	$	6	$	—	$	—	$	5	$	7	$	—	$	7	$	—

Liabilities
European net investment hedge	$	—	$	—	$	—	$	—	$	24	$	—	$	—	$	—	$	—
Forward foreign exchange contracts		—		—		—		—		2		—		—		—		—
Total Liabilities	$	—	$	—	$	—	$	—	$	26	$	—	$	—	$	—	$	—

The Company’s auction rate security is classified as available-for-sale and, accordingly, is reported at fair value. The fair value of the security is determined by review of the underlying security at each reporting period. The Company’s derivative financial instruments are valued using market-based inputs to valuation models. These valuation models require a variety of inputs, including contractual terms, market prices, yield curves, and measures of volatility.

The Company’s Level 3 asset as of July 31, 2010 represented the Company’s investment in the Reserve International Liquidity Fund, Ltd. (the “Fund”), a money market fund, which was reported at fair value based on a review of the underlying securities within the Fund. The following table is a reconciliation of financial assets and liabilities measured at fair value on a recurring basis classified as Level 3:

(in millions)	Level 3
Balance at July 31, 2010	$	7
Redemptions received from the Fund		(9	)
Redemptions received from the Fund in excess of carrying value		2
Balance at January 29, 2011	$	—

There were no transfers into or out of Level 1, Level 2, or Level 3 assets and liabilities for any of the periods presented.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44A, 44B
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15C, 15D
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-Subparagraph a-d
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15B
-Subparagraph a, b
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 3, 10, 14, 15
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32, 33, 34
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 17-22, 27, 28
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258

Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13504-108611

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19296-110258

Summary of Goodwill by Reportable Segment

Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jul. 30, 2011

The following table provides a summary of goodwill by reportable segment. The changes represent foreign exchange fluctuations.

	July 30,		July 31,		January 29,
(in millions)	2011		2010		2011
Athletic Stores	$	19	$	17	$	18
Direct-to-Customers		127		127		127
Goodwill	$	146	$	144	$	145

The components of finite-lived intangible assets and intangible assets not subject to amortization

The components of finite-lived intangible assets and intangible assets not subject to amortization are as follows:

	July 30, 2011							July 31, 2010							January 29, 2011
	Gross		Accum.			Net		Gross		Accum.			Net		Gross		Accum.			Net
(in millions)	value		amort.			value		value		amort.			value		value		amort.			value
Finite life intangible assets:
Lease acquisition costs	$	184	$	(157	)	$	27	$	170	$	(137	)	$	33	$	178	$	(150	)	$	28

Trademark		21		(8	)		13		21		(7	)		14		21		(7	)		14

Loyalty program		1		(1	)		—		1		(1	)		—		1		(1	)		—

Favorable leases		9		(9	)		—		9		(8	)		1		9		(8	)		1

CCS customer relationships		21		(11	)		10		21		(7	)		14		21		(9	)		12

Total finite life intangible assets		236		(186	)		50		222		(160	)		62		230		(175	)		55

	July 30, 2011							July 31, 2010							January 29, 2011
	Gross		Accum.			Net		Gross		Accum.			Net		Gross		Accum.			Net
(in millions)	value		amort.			value		value		amort.			value		value		amort.			value
Intangible assets not subject to amortization:
Republic of Ireland trademark		2		—			2		2		—			2		2		—			2
CCS trade-name		15		—			15		25		—			25		15		—			15

Total indefinite life intangible assets		17		—			17		27		—			27		17		—			17

Total other intangible assets	$	253	$	(186	)	$	67	$	249	$	(160	)	$	89	$	247	$	(175	)	$	72

Amortization Expense

The lease acquisition additions recorded during the period are being amortized over 10 years.

	Thirteen weeks ended				Twenty-six weeks ended
	July 30,		July 31,		July 30,		July 31,
(in millions)	2011		2010		2011		2010
Amortization expense	$	5	$	4	$	9	$	9

Estimated future expected amortization expense for finite life intangible assets

Future expected amortization expense for finite life intangible assets is estimated as follows:

	(in millions)
Remainder of 2011	$	8
2012		14
2013		10
2014		4
2015		2
2016		2

Tabular disclosure of goodwill by reportable segment and in total. Disclosure details may include, but are not limited to, the carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written-off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill.

Fair Value of Derivative Contracts Presented on a Gross Basis, by Type of Contract

Financial Instruments (Tables)

6 Months Ended

Jul. 30, 2011

	Balance Sheet	July 30,		July 31,			January 29,
(in millions)	Caption	2011		2010			2011
Hedging Instruments:
Forward foreign exchange contracts	Current asset	$	1	$	—		$	2
Forward foreign exchange contracts	Current liability		—		(1	)		—
Total		$	1	$	(1	)	$	2

Non-Hedging Instruments:
Forward foreign exchange and option contracts	Current liability	$	—	$	(1	)	$	—
European cross currency swap	Non current liability		—		(24	)		—
Total		$	0	$	(25	)	$

Carrying value and estimated fair value of long-term debt

The carrying value and estimated fair value of long-term debt were as follows:

	July 30,		July 31,		January 29,
(in millions)	2011		2010		2011
Carrying value	$	136	$	137	$	137
Fair value	$	144	$	136	$	139

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 14
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15
-Subparagraph b-d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32
-Subparagraph a, c(1), c(2), c(3), d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 18
-Subparagraph c(2), d, e, f
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 19
-Subparagraph a, b, c(1), d(1)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13433-108611

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13467-108611

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13476-108611

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jul. 30, 2011

Accumulated other comprehensive loss comprised the following:

	July 30,			July 31,			January 29,
(in millions)	2011			2010			2011
Foreign currency translation adjustments	$	129		$	38		$	86
Cash flow hedges		1			(1	)		1
Unrecognized pension cost and postretirement benefit		(253	)		(263	)		(254	)
Unrealized loss on available-for-sale security		(2	)		(2	)		(2	)
	$	(125	)	$	(228	)	$	(169	)

Earnings Per Share (Tables)

6 Months Ended

Jul. 30, 2011

Basic and Diluted Weighted-Average Number of Common Shares Outstanding

The Company’s basic and diluted weighted-average number of common shares outstanding as of July 30, 2011 and July 31, 2010, were as follows:

	Thirteen weeks ended				Twenty-six weeks ended
	July 30,		July 31,		July 30,		July 31,
(in millions)	2011		2010		2011		2010
Weighted-average common shares outstanding		153.7		156.1		154.0		156.3
Effect of Dilution:
Stock options and awards		1.5		0.8		1.4		0.8
Weighted-average common shares assuming dilution		155.2		156.9		155.4		157.1

Segment Information (Tables)

6 Months Ended

Jul. 30, 2011

Sales and Division Results for Reportable Segments

Division profit reflects income before income taxes, corporate expense, net interest expense, and net non-operating income.

Sales

	Thirteen weeks ended				Twenty-six weeks ended
	July 30,		July 31,		July 30,		July 31,
(in millions)	2011		2010		2011		2010
Athletic Stores	$	1,174	$	1,015	$	2,505	$	2,196
Direct-to-Customers		101		81		222		181
Total sales	$	1,275	$	1,096	$	2,727	$	2,377

Operating Results

	Thirteen weeks ended				Twenty-six weeks ended
	July 30,		July 31,		July 30,			July 31,
(in millions)	2011		2010		2011			2010
Athletic Stores	$	79	$	33	$	241		$	134
Direct-to-Customers		7		3		20			13
Restructuring charge (1)		—		—		(1	)		—
Division profit		86		36		260			147
Less: Corporate expense, net		27		25		51			49
Operating profit		59		11		209			98
Other income (2)		—		1		1			1
Interest expense, net		1		2		3			5
Income before income taxes	$	58	$	10	$	207		$	94

(1)

(2)

Other income includes non-operating items, such as gains from insurance recoveries, gains on the repurchase and retirement of bonds, royalty income, the changes in fair value, premiums paid and realized gains associated with foreign currency option contracts. Other income for the twenty-six weeks ended July 30, 2011 primarily represents lease termination gains related to the sale of leasehold interests and royalty income from the Company’s franchised operations. Other income for the twenty-six weeks ended July 31, 2010 primarily represents royalty income and realized gains associated with foreign currency option contracts.

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

Components of Net Periodic Pension Benefit Cost and Postretirement Benefit Income

Pension and Postretirement Plans (Tables)

6 Months Ended

Jul. 30, 2011

The following are the components of net periodic pension benefit cost and net periodic postretirement benefit income:

	Pension Benefits												Postretirement Benefits
	Thirteen weeks						Twenty-six weeks						Thirteen weeks						Twenty-six weeks
	ended						ended						ended						ended
	July 30,			July 31,			July 30,			July 31,			July 30,			July 31,			July 30,			July 31,
(in millions)	2011			2010			2011			2010			2011			2010			2011			2010
Service cost	$	3		$	3		$	6		$	6		$	—		$	—		$	—		$	—
Interest cost		8			9			16			17			—			—			—			—
Expected return on
plan assets		(10	)		(10	)		(20	)		(20	)		—			—			—			—
Amortization of net loss (gain)		3			4			7			9			(1	)		(1	)		(2	)		(3	)
Net benefit expense (income)	$	4		$	6		$	9		$	12		$	(1	)	$	(1	)	$	(2	)	$	(3	)

Share-Based Compensation (Tables)

6 Months Ended

Jul. 30, 2011

Assumptions Used to Compute Share-Based Compensation Expense

The following table shows the Company’s assumptions used to compute the share-based compensation expense:

	Stock Option Plans Twenty-six weeks ended						Stock Purchase Plan Twenty-six weeks ended
	July 30,			July 31,			July 30,			July 31,
	2011			2010			2011			2010
Weighted-average risk free rate of interest		2.08	%		2.34	%		0.37	%		1.03	%
Expected volatility		45	%		45	%		37	%		39	%
Weighted-average expected award life	5.0 years			5.0 years			1.0 year			1.0 year
Dividend yield		3.5	%		4.0	%		3.8	%		5.1	%
Weighted-average fair value	$	5.86		$	4.47		$	3.34		$	2.36

Options Granted under Stock Option Plans

The information in the following table covers options granted under the Company’s stock option plans for the twenty-six weeks ended July 30, 2011:

(in thousands, except price per share)	Shares			Weighted-Average Term		Weighted-Average Exercise Price
Options outstanding at the beginning of the year		7,220				$	17.17
Granted		1,600					19.12
Exercised		(743	)				12.06
Expired or cancelled		(64	)				16.92
Options outstanding at July 30, 2011		8,013			5.89	$	18.03
Options exercisable at July 30, 2011		5,135			4.28	$	18.85
Options available for future grant at July 30, 2011		7,071

Total Intrinsic Value of Options Exercised

	Thirteen weeks ended				Twenty-six weeks ended
	July 30,		July 31		July 30,		July 31,
(in millions)	2011		2010		2011		2010
Exercised	$	6	$	-	$	8	$	1

Aggregate Intrinsic Value for Stock Options Outstanding and Exercisable

(in millions)	July 30, 2011		July 31, 2010
Outstanding	$	38	$	9
Outstanding and exercisable	$	23	$	5

Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable at July 30, 2011:

				Options Outstanding						Options Exercisable
						Weighted-
						Average
						Remaining		Weighted-				Weighted-
				Number		Contractual		Average		Number		Average
Range of Exercise Prices				Outstanding		Life		Exercise Price		Exercisable		Exercise Price
(in thousands, except price per share and contractual life)
$	9.85	$	11.66		1,845		6.30	$	10.36		1,419	$	10.47
$	12.30	$	16.02		1,893		6.01	$	15.29		1,036	$	15.45
$	16.15	$	18.84		1,659		8.67	$	18.66		149	$	16.92
$	19.23	$	25.39		1,972		4.01	$	24.16		1,887	$	24.16
$	25.46	$	28.16		644		2.96	$	27.68		644	$	27.68
$	9.85	$	28.16		8,013		5.89	$	18.03		5,135	$	18.85

Changes in Non-Vested Options

Changes in the Company’s nonvested options for the twenty-six weeks ended July 30, 2011 are summarized as follows:

(in thousands, except price per share)	Number of Shares			Weighted- Average Grant Date Fair Value per Share
Nonvested at January 29, 2011		2,132		$	13.23
Granted		1,600			19.12
Vested		(790	)		12.70
Expired or cancelled		(64	)		16.92
Nonvested at July 30, 2011		2,878		$	16.57

Restricted Shares and Units Activity

Restricted shares and units activity for the twenty-six weeks ended July 30, 2011 and July 31, 2010 is summarized as follows:

	Number of Shares and Units
(in thousands)	July 30, 2011			July 31, 2010
Outstanding at beginning of period		1,759			1,680
Granted		672			651
Vested		(317	)		(457	)
Cancelled or forfeited		—			(70	)
Outstanding at end of period		2,114			1,804
Aggregate value (in millions)	$	30		$	21
Weighted-average remaining contractual life	1.65 years			1.90 years

Fair Value Measurements (Tables)

6 Months Ended

Jul. 30, 2011

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables provide a summary of the Company’s recognized assets and liabilities that are measured at fair value on a recurring basis:

	At July 30, 2011						At July 31, 2010						At January 29, 2011
(in millions)	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets
Short-term investment	$	—	$	—	$	—	$	—	$	—	$	7	$	—	$	—	$	—
Auction rate security		—		5		—		—		5		—		—		5		—
Forward foreign exchange contracts		—		1		—		—		—		—		—		2		—
Total Assets	$	—	$	6	$	—	$	—	$	5	$	7	$	—	$	7	$	—

Liabilities
European net investment hedge	$	—	$	—	$	—	$	—	$	24	$	—	$	—	$	—	$	—
Forward foreign exchange contracts		—		—		—		—		2		—		—		—		—
Total Liabilities	$	—	$	—	$	—	$	—	$	26	$	—	$	—	$	—	$	—

Reconciliation of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis Classified as Level 3

The following table is a reconciliation of financial assets and liabilities measured at fair value on a recurring basis classified as Level 3:

(in millions)	Level 3
Balance at July 31, 2010	$	7
Redemptions received from the Fund		(9	)
Redemptions received from the Fund in excess of carrying value		2
Balance at January 29, 2011	$	—

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

Summary of Goodwill by Reportable Segment (Detail) - USD ($)
$ in Millions

Jul. 30, 2011

Jan. 29, 2011

Jul. 31, 2010

Goodwill [Line Items]

$ 146

$ 145

^[1]

$ 144

Athletic Stores

Goodwill [Line Items]

Direct-to-Customers

Goodwill [Line Items]

$ 127

[1]

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 43
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 68
-Subparagraph l
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13770-109266

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13816-109267

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 72
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-Clause 1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Long-term debt, Carrying value

Finite-Lived Intangible Assets and Intangible Assets not Subject to Amortization (Detail) - USD ($) $ in Millions	Jul. 30, 2011	Jan. 29, 2011	Jul. 31, 2010
Intangible Assets by Major Class [Line Items]
Finite life intangible assets, Gross value	$ 236	$ 230	$ 222
Finite life intangible assets, Accum. amort.	(186)	(175)	(160)
Finite life intangible assets, Net value	50	55	62
Indefinite life intangible assets, Gross value	17	17	27
Indefinite life intangible assets, Net value	17	17	27
Intangible assets excluding goodwill, Gross value	253	247	249
Intangible assets excluding goodwill, Net value	67	72	89
CCS \| Trade Names
Intangible Assets by Major Class [Line Items]
Indefinite life intangible assets, Gross value	15	15	25
Indefinite life intangible assets, Net value	15	15	25
Ireland \| Trademarks
Intangible Assets by Major Class [Line Items]
Indefinite life intangible assets, Gross value	2	2	2
Indefinite life intangible assets, Net value	2	2	2
Lease acquisition costs
Intangible Assets by Major Class [Line Items]
Finite life intangible assets, Gross value	184	178	170
Finite life intangible assets, Accum. amort.	(157)	(150)	(137)
Finite life intangible assets, Net value	27	28	33
Trademarks
Intangible Assets by Major Class [Line Items]
Finite life intangible assets, Gross value	21	21	21
Finite life intangible assets, Accum. amort.	(8)	(7)	(7)
Finite life intangible assets, Net value	13	14	14
Loyalty Program
Intangible Assets by Major Class [Line Items]
Finite life intangible assets, Gross value	1	1	1
Finite life intangible assets, Accum. amort.	(1)	(1)	(1)
Favorable leases
Intangible Assets by Major Class [Line Items]
Finite life intangible assets, Gross value	9	9	9
Finite life intangible assets, Accum. amort.	(9)	(8)	(8)
Finite life intangible assets, Net value		1	1
Customer Relationships \| CCS
Intangible Assets by Major Class [Line Items]
Finite life intangible assets, Gross value	21	21	21
Finite life intangible assets, Accum. amort.	(11)	(9)	(7)
Finite life intangible assets, Net value	$ 10	$ 12	$ 14

Goodwill and Other Intangible Assets - Additional Information (Detail) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2011 USD ($) Year	Jul. 31, 2010 USD ($)	Jul. 30, 2011 USD ($) Year	Jul. 31, 2010 USD ($)
Goodwill and Intangible Assets Disclosure [Line Items]
Amortization expense	$ 5	$ 4	$ 9	$ 9
Change in net value of intangible assets, retirements			4
Change in net value of intangible assets, additions from lease acquisition			4
Change in net value of intangible assets, effect of the weakening dollar as compared with the Euro partially offset by additions			$ 4
Weighted-average amortization period, additions from lease acquisition \| Year	10		10

Amortization expense (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Amortization expense (Detail) - USD ($) $ in Millions	Jul. 30, 2011	Jul. 31, 2010	Jul. 30, 2011	Jul. 31, 2010
Goodwill and Intangible Assets Disclosure [Line Items]
Amortization expense	$ 5	$ 4	$ 9	$ 9

Estimated future expected amortization expense for finite life intangible assets is estimated (Detail) $ in Millions	6 Months Ended
	Jul. 30, 2011 USD ($)
Expected Amortization Expense [Line Items]
Remainder of 2011	$ 8
2012	14
2013	10
2014	4
2015	2
2016	$ 2

Financial Instruments - Additional information (Detail) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jul. 30, 2011	Apr. 30, 2011	Jul. 31, 2010	Jul. 31, 2010
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Notional value of forward contracts outstanding	$ 48
Net change in fair value of foreign exchange derivative financial instruments designated as cash flow hedges of the purchase of inventory	1		$ 1	$ 1
Gain (loss) in fair value of foreign exchange derivative financial instruments designated as cash flow hedges of the purchase of inventory	$ (1)	$ 1
Derivative contracts maturity date	2012-06
Derivatives Designated as Non-Hedging Instruments \| Foreign Exchange Option
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Derivative contracts maturity date	2011-10
Notional value of contracts outstanding	$ 33
Derivatives Designated as Non-Hedging Instruments \| Foreign Exchange Forward
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Derivative contracts maturity date	2011-12
Notional value of contracts outstanding	$ 23
Derivatives Designated as Non-Hedging Instruments \| Foreign Exchange Forward \| Diesel Fuel
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Derivative contracts maturity date	2012-05
Notional value of contracts outstanding	$ 4

Fair Value of Derivative Contracts Presented on a Gross Basis, by Type of Contract (Detail) - USD ($) $ in Millions	Jul. 30, 2011	Jan. 29, 2011	Jul. 31, 2010
Derivative [Line Items]
Fair value of derivative contract, Hedging Instruments	$ 1	$ 2	$ (1)
Fair value of derivative contract, Non hedging instruments	0		(25)
Forward Contracts \| Current Assets
Derivative [Line Items]
Fair value of derivative contract, Hedging Instruments	$ 1	$ 2
Forward Contracts \| Current Liabilities
Derivative [Line Items]
Fair value of derivative contract, Hedging Instruments			(1)
Fair value of derivative contract, Non-hedging instruments			(1)
Cross Currency Basis Swaps \| Noncurrent Liabilities \| European
Derivative [Line Items]
Fair value of derivative contract, Non-hedging instruments			$ (24)

Carrying Value and Estimated Fair Value of Long-Term Debt (Detail) - USD ($)
$ in Millions

Jul. 30, 2011

Jan. 29, 2011

Jul. 31, 2010

Debt Instrument [Line Items]

$ 136

$ 137

^[1]

$ 137

Long-term debt, Fair value

$ 144

$ 139

$ 136

[1]

Accumulated Other Comprehensive Loss (Detail) - USD ($)
$ in Millions

Jul. 30, 2011

Jan. 29, 2011

Jul. 31, 2010

Accumulated Other Comprehensive Income (Loss) [Line Items]

Foreign currency translation adjustments

$ 129

$ 86

$ 38

Cash flow hedges

(1)

Unrecognized pension cost and postretirement benefit

(253)

(254)

(263)

Unrealized loss on available-for-sale security

(2)

Accumulated Other Comprehensive Income (Loss), Net of Tax, Total

$ (125)

$ (169)

^[1]

$ (228)

[1]

The total of net gain (loss), prior service cost (credit), and transition assets (obligations), as well as minimum pension liability if still remaining, included in accumulated other comprehensive income associated with a defined benefit pension or other postretirement plan(s) because they have yet to be recognized as components of net periodic benefit cost.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph i
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
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-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e637-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e681-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 220
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-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e653-108580

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
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-Paragraph 1
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains or losses.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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-Paragraph 17, 18, 19, 22, 23, 24, 25, 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 52
-Paragraph 12, 13
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e653-108580

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

Basic and Diluted Weighted-Average Number of Common Shares Outstanding (Detail) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2011	Jul. 31, 2010	Jul. 30, 2011	Jul. 31, 2010
Earnings Per Share Disclosure [Line Items]
Weighted-average common shares outstanding	153.7	156.1	154.0	156.3
Effect of Dilution:
Stock options and awards	1.5	0.8	1.4	0.8
Weighted-average common shares assuming dilution	155.2	156.9	155.4	157.1

The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1448-109256

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Weighted-Average Number of Common Shares Outstanding
-URI http://asc.fasb.org/extlink&oid=6528421

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Earnings Per Share - Additional information (Detail) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2011	Jul. 31, 2010	Jul. 30, 2011	Jul. 31, 2010
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from computation of diluted earnings per share	3.9	4.8	3.6	4.4
Contingently issuable shares excluded from computation of diluted earnings per share	0.9		0.9

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Sales and Division Results for Reportable Segments (Detail) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jul. 30, 2011

Jul. 31, 2010

Jul. 30, 2011

Jul. 31, 2010

$ 1,275

$ 1,096

$ 2,727

$ 2,377

Less: Corporate expense, net

260

147

Operating profit

209

Other income

^[1]

Interest expense, net

Income before income taxes

207

Athletic Stores

1,174

1,015

2,505

2,196

241

134

Direct-to-Customers

101

222

181

$ 7

$ 3

$ 13

Restructuring charge

^[2]

$ (1)

[1]

[2]

Sales and Division Results for Reportable Segments (Parenthetical) (Detail) $ in Millions	3 Months Ended
	Apr. 30, 2011 USD ($)
Segment Reporting Information [Line Items]
Increase in Repositioning and Restructuring reserve	$ 1

Components of Net Periodic Pension Benefit Cost and Postretirement Benefit Income (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2011	Jul. 31, 2010	Jul. 30, 2011	Jul. 31, 2010
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 3	$ 3	$ 6	$ 6
Interest cost	8	9	16	17
Expected return on plan assets	(10)	(10)	(20)	(20)
Amortization of net loss (gain)	3	4	7	9
Net benefit expense (income)	4	6	9	12
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Amortization of net loss (gain)	(1)	(1)	(2)	(3)
Net benefit expense (income)	$ (1)	$ (1)	$ (2)	$ (3)

An amount calculated as a basis for determining the extent of delayed recognition of the effects of changes in the fair value of assets. The expected return on plan assets is determined based on the expected long-term rate of return on plan assets and the market-related value of plan assets.

The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time.

The actuarial present value of benefits attributed by the pension benefit formula to services rendered by employees during the period. The portion of the expected postretirement benefit obligation attributed to employee service during the period. The service cost component is a portion of the benefit obligation and is unaffected by the funded status of the plan.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph a, h
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Service Cost (Component of Net Periodic Pension Cost)
-URI http://asc.fasb.org/extlink&oid=6525008