The Gap, Inc. (GAP) 10-Q 2 Sep 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 30, 2016	Aug. 26, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	GPS
Entity Registrant Name	GAP INC
Entity Central Index Key	39,911
Current Fiscal Year End Date	--01-28
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		398,477,051

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jul. 30, 2016	Jan. 30, 2016	Aug. 01, 2015
Current assets:
Cash and cash equivalents	$ 1,681	$ 1,370	$ 1,043
Merchandise inventory	1,951	1,873	2,005
Other current assets	669	742	899
Total current assets	4,301	3,985	3,947
Property and equipment, net of accumulated depreciation of $5,903, $5,644, and $5,671	2,755	2,850	2,740
Other long-term assets	681	638	600
Total assets	7,737	7,473	7,287
Current liabilities:
Current maturities of debt	424	421	20
Accounts payable	1,224	1,112	1,206
Accrued expenses and other current liabilities	1,063	979	954
Income taxes payable	70	23	4
Total current liabilities	2,781	2,535	2,184
Long-term liabilities:
Total long-term debt, less current portion	1,321	1,310	1,328
Lease incentives and other long-term liabilities	1,076	1,083	1,104
Total long-term liabilities	2,397	2,393	2,432
Commitments and contingencies (see Note 12)
Stockholders' equity:
Authorized 2,300 shares for all periods presented; Issued and Outstanding 398, 397, and 410 shares	20	20	20
Additional Paid in Capital	31	0	0
Retained earnings	2,509	2,440	2,507
Amounts reclassified from accumulated other comprehensive income	(1)	85	144
Total stockholders' equity	2,559	2,545	2,671
Total liabilities and stockholders' equity	$ 7,737	$ 7,473	$ 7,287

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Millions, $ in Millions	Jul. 30, 2016	Jan. 30, 2016	Aug. 01, 2015
Property and equipment, accumulated depreciation	$ 5,903	$ 5,644	$ 5,671
Common stock, par value (in dollars per share)	$ 0.05	$ 0.05	$ 0.05
Common stock, shares authorized (in shares)	2,300	2,300	2,300
Common stock, shares issued (in shares)	398	397	410
Common stock, shares outstanding (in shares)	398	397	410

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Net sales	$ 3,851	$ 3,898	$ 7,289	$ 7,555
Cost of goods sold and occupancy expenses	2,414	2,440	4,643	4,715
Gross profit	1,437	1,458	2,646	2,840
Operating expenses	1,158	1,089	2,145	2,085
Operating income	279	369	501	755
Interest expense	18	17	37	22
Interest income	(2)	(1)	(3)	(2)
Income before income taxes	263	353	467	735
Income taxes	138	134	215	277
Net income	$ 125	$ 219	$ 252	$ 458
Weighted-average number of shares - basic (in shares)	398	417	398	419
Weighted-average number of shares - diluted (in shares)	399	418	399	421
Earnings per share - basic (in dollars per share)	$ 0.31	$ 0.53	$ 0.63	$ 1.09
Earnings per share - diluted (in dollars per share)	0.31	0.52	0.63	1.09
Cash dividends declared and paid per share (in dollars per share)	$ 0.23	$ 0.23	$ 0.46	$ 0.46

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Net income	$ 125	$ 219	$ 252	$ 458
Other comprehensive income (loss), net of tax:
Foreign currency translation	(22)	(13)	9	(7)
Change in fair value of derivative financial instruments, net of tax (tax benefit) of $27, $17 , $(9) and $13	(7)	36	(96)	26
Reclassification adjustment for (gains) or losses on derivative financial instruments, net of tax of $(2), $(8), $(6) and $(17)	8	(19)	1	(40)
Other comprehensive income (loss), net of tax	(21)	4	(86)	(21)
Comprehensive income	$ 104	$ 223	$ 166	$ 437

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Change in fair value of derivative financial instruments, tax (tax benefit)	$ 27	$ 17	$ (9)	$ 13
Reclassification adjustment for (gains) losses on derivative financial instruments, tax	$ (2)	$ (8)	$ (6)	$ (17)

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015
Cash flows from operating activities:
Net income	$ 252	$ 458
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	303	294
Amortization of lease incentives	(31)	(31)
Share-based compensation	36	43
Tax benefit from exercise of stock options and vesting of stock units	(3)	23
Excess tax benefit from exercise of stock options and vesting of stock units	(1)	(24)
Non-cash and other items	62	(12)
Deferred income taxes	(14)	2
Changes in operating assets and liabilities:
Merchandise inventory	(52)	(124)
Other current assets and other long-term assets	31	36
Accounts payable	102	36
Accrued expenses and other current liabilities	(20)	(56)
Income taxes payable, net of prepaid and other tax-related items	92	(16)
Lease incentives and other long-term liabilities	(23)	13
Net cash provided by operating activities	734	642
Cash flows from investing activities:
Purchases of property and equipment	(270)	(301)
Other	(1)	(1)
Net cash used for investing activities	(271)	(302)
Cash flows from financing activities:
Proceeds from issuances under share-based compensation plans	16	53
Withholding tax payments related to vesting of stock units	(17)	(68)
Repurchases of common stock	0	(622)
Excess tax benefit from exercise of stock options and vesting of stock units	1	24
Cash dividends paid	(183)	(192)
Other	23	(1)
Net cash used for financing activities	(160)	(806)
Effect of foreign exchange rate fluctuations on cash and cash equivalents	8	(6)
Net increase (decrease) in cash and cash equivalents	311	(472)
Cash and cash equivalents at beginning of period	1,370	1,515
Cash and cash equivalents at end of period	1,681	1,043
Non-cash investing activities:
Purchases of property and equipment not yet paid at end of period	46	70
Supplemental disclosure of cash flow information:
Cash paid for interest during the period	41	39
Cash paid for income taxes during the period, net of refunds	$ 143	$ 266

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jul. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The Condensed Consolidated Balance Sheets as of July 30, 2016 and August 1, 2015 , the Condensed Consolidated Statements of Income and the Condensed Consolidated Statements of Comprehensive Income for the thirteen and twenty-six weeks ended July 30, 2016 and August 1, 2015 , and the Condensed Consolidated Statements of Cash Flows for the twenty-six weeks ended July 30, 2016 and August 1, 2015 have been prepared by The Gap, Inc. (the “Company,” “we,” and “our”). In the opinion of management, such statements include all adjustments (which include normal recurring adjustments) considered necessary to present fairly our financial position, results of operations, and cash flows as of July 30, 2016 and August 1, 2015 and for all periods presented. The Condensed Consolidated Balance Sheet as of January 30, 2016 has been derived from our audited financial statements. The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission. Accordingly, certain information and disclosures normally included in the notes to the annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been omitted from these interim financial statements, although the Company believes that the disclosures made are adequate to make the information not misleading. We suggest that you read these Condensed Consolidated Financial Statements in conjunction with the Consolidated Financial Statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended January 30, 2016 . The results of operations for the thirteen and twenty-six weeks ended July 30, 2016 are not necessarily indicative of the operating results that may be expected for the 52-week period ending January 28, 2017 . Subsequent Event On August 29, 2016 , a fire caused significant damage to a company-owned distribution center in Fishkill, New York. The full extent of the damage and resulting financial statement impact are not known at the time of this filing. The Company maintains property and business interruption insurance coverage.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jul. 30, 2016
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued an accounting standards update ("ASU") No. 2014-09, Revenue from Contracts with Customers, to clarify the principles of recognizing revenue and create common revenue recognition guidance between U.S. GAAP and International Financial Reporting Standards. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers, Deferral of the Effective Date, which defers the effective date of the new revenue recognition standard by one year. As a result, the ASU No. 2014-09 is effective retrospectively for fiscal years and interim periods within those years beginning after December 15, 2017. In March 2016, the FASB issued ASU No. 2016-08, Revenue from Contracts with Customers: Principal versus Agent Considerations, which is intended to improve the operability and understandability of the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU No. 2016-10, Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing, which clarifies the identification of performance obligations and the licensing implementation guidance. In May 2016, the FASB issued ASU No. 2016-11, Revenue Recognition and Derivatives and Hedging: Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting, which rescinds SEC paragraphs pursuant to SEC staff announcements. These rescissions include changes to topics pertaining to accounting for shipping and handling fees and costs and accounting for consideration given by a vendor to a customer. In May 2016, the FASB issued ASU No. 2016-12, Revenue from Contracts with Customers: Narrow-Scope Improvements and Practical Expedients, which provides clarifying guidance in certain narrow areas and adds some practical expedients. The effective dates for these ASUs are the same as the effective date for ASU No. 2014-09. We are currently assessing the potential impact of these ASUs on our Condensed Consolidated Financial Statements. In November 2015, the FASB issued ASU No. 2015-17, Income Taxes, which changes how deferred taxes are classified on the balance sheet. The ASU eliminates the requirement for organizations to present deferred tax liabilities and assets as current and noncurrent in a classified balance sheet. Instead, organizations will be required to classify all deferred tax assets and liabilities as noncurrent. The ASU is effective for fiscal years and interim periods within those years beginning after December 15, 2016. Early adoption is permitted under this ASU. We adopted ASU No. 2015-17 prospectively effective January 30, 2016, which resulted in a reclassification of our net current deferred tax assets to the net noncurrent deferred tax assets in our Consolidated Balance Sheet. No prior periods were retrospectively adjusted. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. The new guidance is intended to improve the recognition and measurement of financial instruments. The ASU is effective for fiscal years and interim periods within those years beginning after December 15, 2017. We are currently assessing the potential impact of this ASU on our Condensed Consolidated Financial Statements. In February 2016, the FASB issued ASU No. 2016-02, Leases. Under the new guidance, lessees will be required to recognize a lease liability and a right-of-use asset for all leases (with the exception of short-term leases) at the commencement date. The ASU is effective for fiscal years and interim periods within those years beginning after December 15, 2018. We are currently assessing the impact of this ASU on our Condensed Consolidated Financial Statements, but expect that it will result in a significant increase in our long-term assets and liabilities. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation: Improvements to Employee Share-Based Payment Accounting. The amendments are intended to improve the accounting for employee share-based payments and affect all organizations that issue share-based payment awards to their employees. The ASU is effective for fiscal years and interim periods within those years beginning after December 15, 2016. We are currently assessing the potential impact of this ASU on our Condensed Consolidated Financial Statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments. The amendments require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. The ASU is effective for fiscal years and interim periods within those years beginning after December 15, 2019. We are currently assessing the potential impact of this ASU on our Condensed Consolidated Financial Statements.

Store Closing and Other Operati

Store Closing and Other Operating Charges Restructuring (Notes)	6 Months Ended
	Jul. 30, 2016
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	Store Closing and Other Operating Charges In May 2016, the Company announced measures to better align talent and financial resources against its most important priorities; these measures include (i) focusing each brand on geographies with the greatest potential and (ii) streamlining the Company’s operating model. The measures will result in the closure of its fleet of 53 Old Navy stores in Japan, the closure of select Banana Republic stores, primarily internationally, and the creation of a more efficient global brand structure. Including the Old Navy closures in Japan, the Company expects to close about 75 stores in total related to these measures in fiscal 2016 . In connection with the decision to close stores and streamline the Company's operations, the Company incurred $150 million in restructuring costs, on a pre-tax basis, during the thirteen weeks ended July 30, 2016 . The summary of the costs incurred during the thirteen weeks ended July 30, 2016 , as well as the Company’s current estimates of the pre-tax amount expected to be incurred during the remainder of fiscal 2016 , are as follows: Costs Incurred Estimated Costs to be Incurred ($ in millions) 13 Weeks Ended July 30, 2016 Remainder of Fiscal 2016 Total Costs recorded in cost of goods sold and occupancy expenses: Accelerated depreciation $ 4 $ 10 - 15 $ 15 - 20 Employee related costs 11 Less than 5 10 - 15 Other — — — Total costs recorded in cost of goods sold and occupancy expenses 15 10 - 20 25 - 35 Costs recorded in operating expenses: Lease termination fees and lease losses 34 50 - 65 85 - 100 Employee related costs 30 15 - 20 45 - 50 Store asset impairment 52 Less than 5 50 - 55 Other 19 5 - 10 25 - 30 Total costs recorded in operating expenses 135 70 - 100 205 - 235 Total restructuring costs $ 150 $ 80 - 120 $ 230 - 270 In addition to the total pre-tax amount estimated above, the Company also expects to incur incremental tax expense related to the restructuring costs and resulting valuation allowances on certain foreign deferred tax assets. The Company’s estimates of future charges associated with the store closures and streamlining of its operating model could change as the Company’s plans evolve and become finalized. The actual amounts will depend on the timing of closures and negotiations on lease termination fees during the remainder of fiscal 2016 . The following table summarizes activity during the thirteen weeks ended July 30, 2016 related to certain restructuring costs that will be settled with cash payments and the related liability balances as of July 30, 2016 . ($ in millions) Lease Termination Fees and Lease Losses Employee Related Costs Other Total Balance at April 30, 2016 $ — $ — $ — $ — Provision 34 41 12 87 Cash payments — — (6 ) (6 ) Balance at July 30, 2016 $ 34 $ 41 $ 6 $ 81

Debt and Credit Facilities

Debt and Credit Facilities	6 Months Ended
	Jul. 30, 2016
Debt Disclosure [Abstract]
Debt and Credit Facilities	Debt and Credit Facilities Long-term debt consists of the following: ($ in millions) July 30, January 30, August 1, Notes $ 1,248 $ 1,248 $ 1,248 Japan Term Loan 97 83 100 Total long-term debt 1,345 1,331 1,348 Less: Current portion (24 ) (21 ) (20 ) Total long-term debt, less current portion $ 1,321 $ 1,310 $ 1,328 As of July 30, 2016 , January 30, 2016 , and August 1, 2015 , the estimated fair value of our $1.25 billion aggregate principal amount of 5.95 percent notes (the "Notes”) due April 2021 was $1.34 billion , $1.29 billion , and $1.40 billion , respectively, and was based on the quoted market price of the Notes (level 1 inputs) as of the last business day of the respective fiscal quarter. The aggregate principal amount of the Notes is recorded in long-term debt in the Condensed Consolidated Balance Sheets, net of the unamortized discount. As of July 30, 2016 , January 30, 2016 , and August 1, 2015 , the carrying amount of our 15 billion Japanese yen, four -year, unsecured term loan ("Japan Term Loan") approximated its fair value, as the interest rate varies depending on quoted market rates (level 1 inputs). Repayments of 2.5 billion Japanese yen ( $24 million as of July 30, 2016 ) are payable on January 15 of each year, and commenced on January 15, 2015 , with a final repayment of 7.5 billion Japanese yen ( $73 million as of July 30, 2016 ) due on January 15, 2018 . Interest is payable at least quarterly based on an interest rate equal to the Tokyo Interbank Offered Rate plus a fixed margin. In October 2015, we entered into a $400 million unsecured term loan (the “Term Loan”). The Term Loan was originally scheduled to mature, and was payable in full, on October 15, 2016 , but had an option to be extended until October 15, 2017 . In August 2016, the Company exercised the option to extend the Term Loan. As of July 30, 2016 , the carrying amount of our $400 million Term Loan approximated its fair value due to the short-term nature of the loan. Interest is payable at least quarterly based on an interest rate equal to the London Interbank Offered Rate plus a fixed margin. The Term Loan is included in current maturities of debt in the Condensed Consolidated Balance Sheet. We have a $500 million , five -year, unsecured revolving credit facility (the “Facility”), which is scheduled to expire in May 2020 . There were no borrowings and no material outstanding standby letters of credit under the Facility as of July 30, 2016 . We maintain multiple agreements with third parties that make unsecured revolving credit facilities available for our operations in foreign locations (the “Foreign Facilities”). These Foreign Facilities are uncommitted and are generally available for borrowings, overdraft borrowings, and the issuance of bank guarantees. The total capacity of the Foreign Facilities was $47 million as of July 30, 2016 . As of July 30, 2016 , there were no borrowings under the Foreign Facilities. There were $13 million in bank guarantees issued and outstanding primarily related to store leases under the Foreign Facilities as of July 30, 2016 . We have bilateral unsecured standby letter of credit agreements that are uncommitted and do not have expiration dates. As of July 30, 2016 , we had $18 million in standby letters of credit issued under these agreements. We also have a $50 million , two -year, unsecured committed letter of credit agreement, which expires in September 2016 . We had no trade letters of credit issued under this letter of credit agreement as of July 30, 2016 .

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jul. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements There were no purchases, sales, issuances, or settlements related to recurring level 3 measurements during the thirteen and twenty-six weeks ended July 30, 2016 or August 1, 2015 . There were no transfers of financial assets or liabilities into or out of level 1 and level 2 during the thirteen and twenty-six weeks ended July 30, 2016 or August 1, 2015 . Financial Assets and Liabilities Financial assets and liabilities measured at fair value on a recurring basis and cash equivalents are as follows: Fair Value Measurements at Reporting Date Using ($ in millions) July 30, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Cash equivalents $ 756 $ 169 $ 587 $ — Derivative financial instruments 52 — 52 — Deferred compensation plan assets 41 41 — — Total $ 849 $ 210 $ 639 $ — Liabilities: Derivative financial instruments $ 83 $ — $ 83 $ — Fair Value Measurements at Reporting Date Using ($ in millions) January 30, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Cash equivalents $ 517 $ 204 $ 313 $ — Derivative financial instruments 93 — 93 — Deferred compensation plan assets 37 37 — — Total $ 647 $ 241 $ 406 $ — Liabilities: Derivative financial instruments $ 3 $ — $ 3 $ — Fair Value Measurements at Reporting Date Using ($ in millions) August 1, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Cash equivalents $ 239 $ 96 $ 143 $ — Derivative financial instruments 141 — 141 — Deferred compensation plan assets 46 46 — — Total $ 426 $ 142 $ 284 $ — Liabilities: Derivative financial instruments $ 8 $ — $ 8 $ — We have highly liquid investments classified as cash equivalents, which are placed primarily in time deposits, money market funds, and commercial paper. These investments are classified as held-to-maturity based on our positive intent and ability to hold the securities to maturity. We value these investments at their original purchase prices plus interest that has accrued at the stated rate. Derivative financial instruments primarily include foreign exchange forward contracts. The currencies hedged against changes in the U.S. dollar are Japanese yen, Canadian dollars, British pounds, Euro, Mexican pesos, Hong Kong dollars, Chinese yuan, and Taiwan dollars. The fair value of the Company’s derivative financial instruments is determined using pricing models based on current market rates. Derivative financial instruments in an asset position are recorded in other current assets or other long-term assets in the Condensed Consolidated Balance Sheets. Derivative financial instruments in a liability position are recorded in accrued expenses and other current liabilities or lease incentives and other long-term liabilities in the Condensed Consolidated Balance Sheets. We maintain the Gap Inc. Deferred Compensation Plan (“DCP”), which allows eligible employees and non-employee directors to defer compensation up to a maximum amount. Plan investments are recorded at market value and are designated for the DCP. The fair value of the Company’s DCP assets is determined based on quoted market prices, and the assets are recorded in other long-term assets in the Condensed Consolidated Balance Sheets. Nonfinancial Assets We review the carrying amount of goodwill and other indefinite-lived intangible assets for impairment annually and whenever events or changes in circumstances indicate that it is more likely than not that the carrying amount may not be recoverable. There were no material impairment charges recorded for goodwill or other indefinite-lived intangible assets for the thirteen and twenty-six weeks ended July 30, 2016 or August 1, 2015 . We review the carrying amount of long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In May 2016, the Company announced measures that will result in the closure of its fleet of 53 Old Navy stores in Japan and select Banana Republic stores, primarily internationally. As a result of the announced measures, we reviewed the global Banana Republic specialty fleet for impairment during the thirteen weeks ended July 30, 2016 . During the thirteen weeks ended July 30, 2016 , we recorded charges for impairment of long-lived assets of $52 million related to the announced store closures, primarily related to Old Navy Japan, and an additional $4 million for long-lived assets that were unrelated to the announced measures. The impairment charges were recorded in operating expenses in the Condensed Consolidated Statements of Income and reduced the then carrying amount of the applicable long-lived assets of $68 million to their fair value of $12 million . In June 2015, the Company announced a series of strategic actions to position Gap brand for improved business performance in the future, including its decision to close about 175 Gap brand specialty stores in North America and a limited number of international stores. As a result of the announced strategic actions, we reviewed the global Gap brand specialty fleet for impairment and recorded a charge for the impairment of long-lived assets of $37 million for the thirteen weeks ended August 1, 2015 , primarily related to Gap brand. The amount was recorded in operating expenses in the Condensed Consolidated Statement of Income and reduced the then carrying amount of the applicable long-lived assets of $43 million to their fair value of $6 million . The fair value of the long-lived assets was d etermined using level 3 inputs and based on discounted future cash flows of the asset or asset group using a discount rate commensurate with the risk. The asset group is defined as the lowest level for which identifiable cash flows are available and largely independent of the cash flows of other groups of assets, which for our retail stores is primarily at the store level.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jul. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments We operate in foreign countries, which exposes us to market risk associated with foreign currency exchange rate fluctuations. We use derivative financial instruments to manage our exposure to foreign currency exchange rate risk and do not enter into derivative financial contracts for trading purposes. Consistent with our risk management guidelines, we hedge a portion of our transactions related to merchandise purchases for foreign operations and certain intercompany transactions using foreign exchange forward contracts. These contracts are entered into with large, reputable financial institutions that are monitored for counterparty risk. The currencies hedged against changes in the U.S. dollar are Japanese yen, Canadian dollars, British pounds, Euro, Mexican pesos, Hong Kong dollars, Chinese yuan, and Taiwan dollars. Cash flows from derivative financial instruments are classified as cash flows from operating activities in the Condensed Consolidated Statements of Cash Flows. Cash Flow Hedges We designate the following foreign exchange forward contracts as cash flow hedges: (1) forward contracts used to hedge forecasted merchandise purchases and related costs denominated in U.S. dollars made by our international subsidiaries whose functional currencies are their local currencies; (2) forward contracts used to hedge forecasted intercompany royalty payments denominated in foreign currencies received by entities whose functional currencies are U.S. dollars; and (3) forward contracts used to hedge forecasted intercompany revenue transactions related to merchandise sold from our regional purchasing entities, whose functional currency is the U.S. dollar, to certain international subsidiaries in their local currencies. The foreign exchange forward contracts entered into to hedge forecasted merchandise purchases and related costs, intercompany royalty payments, and intercompany revenue transactions generally have terms of up to 24 months. The effective portion of the gain or loss on the derivative financial instruments is reported as a component of other comprehensive income and is recognized in income in the period in which the underlying transaction impacts the income statement. There were no material amounts recorded in the Condensed Consolidated Statements of Income for the thirteen and twenty-six weeks ended July 30, 2016 or August 1, 2015 as a result of our analysis of hedge ineffectiveness or hedge components excluded from the assessment of effectiveness. There were no material amounts reclassified into earnings during the thirteen and twenty-six weeks ended July 30, 2016 or August 1, 2015 as a result of the discontinuance of cash flow hedges because the forecasted transactions were no longer probable. Net Investment Hedges We also use foreign exchange forward contracts to hedge the net assets of international subsidiaries to offset the foreign currency translation and economic exposures related to our investment in the subsidiaries. There were no material amounts recorded in the Condensed Consolidated Statements of Income for the thirteen and twenty-six weeks ended July 30, 2016 or August 1, 2015 as a result of our analysis of hedge ineffectiveness or hedge components excluded from the assessment of effectiveness. Other Derivatives Not Designated as Hedging Instruments We enter into foreign exchange forward contracts to hedge our market risk exposure associated with foreign currency exchange rate fluctuations for certain intercompany balances denominated in currencies other than the functional currency of the entity with the intercompany balance. The gain or loss on the derivative financial instruments that represent economic hedges, as well as the remeasurement impact of the underlying intercompany balances, is recorded in operating expenses in the Condensed Consolidated Statements of Income in the same period and generally offset. Outstanding Notional Amounts We had foreign exchange forward contracts outstanding in the following notional amounts: ($ in millions) July 30, January 30, August 1, Derivatives designated as cash flow hedges $ 1,449 $ 1,220 $ 1,468 Derivatives designated as net investment hedges 32 30 31 Derivatives not designated as hedging instruments 625 324 313 Total $ 2,106 $ 1,574 $ 1,812 Quantitative Disclosures about Derivative Financial Instruments The fair values of foreign exchange forward contracts are as follows: ($ in millions) July 30, January 30, August 1, Derivatives designated as cash flow hedges: Other current assets $ 30 $ 71 $ 95 Other long-term assets $ 8 $ 8 $ 29 Accrued expenses and other current liabilities $ 38 $ 1 $ 3 Lease incentives and other long-term liabilities $ 23 $ 1 $ 4 Derivatives designated as net investment hedges: Other current assets $ 1 $ 1 $ — Other long-term assets $ — $ — $ — Accrued expenses and other current liabilities $ — $ — $ — Lease incentives and other long-term liabilities $ — $ — $ — Derivatives not designated as hedging instruments: Other current assets $ 12 $ 13 $ 17 Other long-term assets $ 1 $ — $ — Accrued expenses and other current liabilities $ 19 $ 1 $ 1 Lease incentives and other long-term liabilities $ 3 $ — $ — Total derivatives in an asset position $ 52 $ 93 $ 141 Total derivatives in a liability position $ 83 $ 3 $ 8 The majority of the unrealized gains and losses from designated cash flow hedges as of July 30, 2016 will be recognized in income within the next 12 months at the then-current values, which may differ from the fair values as of July 30, 2016 shown above. Our foreign exchange forward contracts are subject to master netting arrangements with each of our counterparties and such arrangements are enforceable in the event of default or early termination of the contract. We do not elect to offset the fair values of our derivative financial instruments in the Condensed Consolidated Balance Sheets, and as such, the fair values shown above represent gross amounts. The amounts subject to enforceable master netting arrangements are $11 million , $2 million , and $5 million as of July 30, 2016 , January 30, 2016 , and August 1, 2015 , respectively. If we did elect to offset, the net amounts of our derivative financial instruments in an asset position would be $41 million , $91 million , and $136 million and the net amounts of the derivative financial instruments in a liability position would be $72 million , $1 million , and $3 million as of July 30, 2016 , January 30, 2016 and August 1, 2015 , respectively. See Note 5 of Notes to Condensed Consolidated Financial Statements for disclosures on the fair value measurements of our derivative financial instruments. The effective portion of gains and losses on foreign exchange forward contracts in cash flow hedging and net investment hedging relationships recorded in other comprehensive income and the Condensed Consolidated Statements of Income, on a pre-tax basis, are as follows: 13 Weeks Ended 26 Weeks Ended ($ in millions) July 30, August 1, July 30, August 1, Derivatives in cash flow hedging relationships: Gain (loss) recognized in other comprehensive income $ 20 $ 53 $ (105 ) $ 39 Gain reclassified into cost of goods sold and occupancy expenses $ — $ 26 $ 13 $ 54 Gain (loss) reclassified into operating expenses $ (6 ) $ 1 $ (8 ) $ 3 Derivatives in net investment hedging relationships: Gain (loss) recognized in other comprehensive income $ 1 $ 2 $ (2 ) $ 1 For the thirteen and twenty-six weeks ended July 30, 2016 and August 1, 2015 , there were no amounts of gain or loss reclassified from accumulated other comprehensive income into net income for derivative financial instruments in net investment hedging relationships, as we did not sell or liquidate (or substantially liquidate) any of our hedged subsidiaries during the periods. Gains and losses on foreign exchange forward contracts not designated as hedging instruments recorded in the Condensed Consolidated Statements of Income, on a pre-tax basis, are as follows: 13 Weeks Ended 26 Weeks Ended ($ in millions) July 30, August 1, July 30, August 1, Gain (loss) recognized in operating expenses $ 10 $ — $ (17 ) $ —

Share Repurchases

Share Repurchases	6 Months Ended
	Jul. 30, 2016
Disclosure Share Repurchase Activity [Abstract]
Share Repurchases	Share Repurchases Share repurchase activity is as follows: 13 Weeks Ended 26 Weeks Ended ($ and shares in millions except average per share cost) July 30, August 1, July 30, August 1, Number of shares repurchased — 10.0 — 15.6 Total cost $ — $ 377 $ — $ 607 Average per share cost including commissions $ — $ 37.60 $ — $ 38.82 In October 2014, we announced that the Board of Directors approved a $500 million share repurchase authorization, all of which was completed by the end of May 2015. In February 2015, we announced that the Board of Directors approved a $1.0 billion share repurchase authorization (the "February 2015 repurchase program"). In February 2016, we announced that the Board of Directors approved a new $1.0 billion share repurchase authorization (the "February 2016 repurchase program"). The February 2015 repurchase program, which had $302 million remaining, was superseded and replaced by the February 2016 repurchase program. The February 2016 repurchase program still had $1.0 billion remaining as of July 30, 2016 , as there were no shares repurchased during the thirteen and twenty-six weeks ended July 30, 2016 . All of the share repurchases were paid for as of January 30, 2016 and August 1, 2015 . All common stock repurchased is immediately retired.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jul. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Share-Based Compensation Share-based compensation expense recognized in the Condensed Consolidated Statements of Income, primarily in operating expenses, is as follows: 13 Weeks Ended 26 Weeks Ended ($ in millions) July 30, August 1, July 30, August 1, Stock units $ 17 $ 16 $ 29 $ 34 Stock options 3 3 5 6 Employee stock purchase plan 1 2 2 3 Share-based compensation expense 21 21 36 43 Less: Income tax benefit (11 ) (8 ) (17 ) (16 ) Share-based compensation expense, net of tax $ 10 $ 13 $ 19 $ 27

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jul. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income Changes in accumulated other comprehensive income by component, net of tax, are as follows: ($ in millions) Foreign Currency Translation Cash Flow Hedges Total Balance at January 30, 2016 $ 22 $ 63 $ 85 13 Weeks Ended April 30, 2016: Foreign currency translation 31 — 31 Change in fair value of derivative financial instruments — (89 ) (89 ) Amounts reclassified from accumulated other comprehensive income — (7 ) (7 ) Other comprehensive income (loss), net 31 (96 ) (65 ) Balance at April 30, 2016 53 (33 ) 20 13 Weeks Ended July 30, 2016: Foreign currency translation (22 ) — (22 ) Change in fair value of derivative financial instruments — (7 ) (7 ) Amounts reclassified from accumulated other comprehensive income — 8 8 Other comprehensive income (loss), net (22 ) 1 (21 ) Balance at July 30, 2016 $ 31 $ (32 ) $ (1 ) ($ in millions) Foreign Currency Translation Cash Flow Hedges Total Balance at January 31, 2015 $ 60 $ 105 $ 165 13 Weeks Ended May 2, 2015: Foreign currency translation 6 — 6 Change in fair value of derivative financial instruments — (10 ) (10 ) Amounts reclassified from accumulated other comprehensive income — (21 ) (21 ) Other comprehensive income (loss), net 6 (31 ) (25 ) Balance at May 2, 2015 66 74 140 13 Weeks Ended August 1, 2015: Foreign currency translation (13 ) — (13 ) Change in fair value of derivative financial instruments — 36 36 Amounts reclassified from accumulated other comprehensive income — (19 ) (19 ) Other comprehensive income (loss), net (13 ) 17 4 Balance at August 1, 2015 $ 53 $ 91 $ 144 See Note 6 of Notes to Condensed Consolidated Financial Statements for additional disclosures about reclassifications out of accumulated other comprehensive income and their corresponding effects on the respective line items in the Condensed Consolidated Statements of Income.

Income Taxes

Income Taxes	6 Months Ended
	Jul. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company conducts business globally, and as a result, files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. In the normal course of business, we are subject to examination by taxing authorities throughout the world, including such major jurisdictions as the United States, Canada, France, the United Kingdom, China, Hong Kong, Japan, and India. We are no longer subject to U.S. federal income tax examinations for fiscal years before 2009, and with few exceptions, we are also no longer subject to U.S. state, local, or non-U.S. income tax examinations for fiscal years before 2008. The Company engages in continual discussions with taxing authorities regarding tax matters in the various U.S. and foreign jurisdictions in the normal course of business. As of July 30, 2016 , it is reasonably possible that we will recognize a decrease in gross unrecognized tax benefits within the next 12 months of up to $2 million , primarily due to the closing of audits. If we do recognize such a decrease, the net impact on the Condensed Consolidated Statement of Income would not be material. The effective income tax rate was 52.5 percent for the thirteen weeks ended July 30, 2016 , compared with 38.0 percent for the thirteen weeks ended August 1, 2015 . The increase in the effective tax rate was primarily due to the impact of restructuring costs incurred for foreign subsidiaries during the thirteen weeks ended July 30, 2016 and resulting valuation allowances on certain foreign deferred tax assets.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jul. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Weighted-average number of shares used for earnings per share is as follows: 13 Weeks Ended 26 Weeks Ended (shares in millions) July 30, August 1, July 30, August 1, Weighted-average number of shares - basic 398 417 398 419 Common stock equivalents 1 1 1 2 Weighted-average number of shares - diluted 399 418 399 421 The above computations of weighted-average number of shares – diluted exclude 11 million and 3 million shares related to stock options and other stock awards for the thirteen weeks ended July 30, 2016 and August 1, 2015 , respectively, and 8 million and 3 million shares related to stock options and other stock awards for the twenty-six weeks ended July 30, 2016 and August 1, 2015 , respectively, as their inclusion would have an anti-dilutive effect on earnings per share.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies We are a party to a variety of contractual agreements under which we may be obligated to indemnify the other party for certain matters. These contracts primarily relate to our commercial contracts, operating leases, trademarks, intellectual property, financial agreements, and various other agreements. Under these contracts, we may provide certain routine indemnifications relating to representations and warranties (e.g., ownership of assets, environmental or tax indemnifications) or personal injury matters. The terms of these indemnifications range in duration and may not be explicitly defined. Generally, the maximum obligation under such indemnifications is not explicitly stated, and as a result, the overall amount of these obligations cannot be reasonably estimated. Historically, we have not made significant payments for these indemnifications. We believe that if we were to incur a loss in any of these matters, the loss would not have a material effect on our Condensed Consolidated Financial Statements taken as a whole. As a multinational company, we are subject to various proceedings, lawsuits, disputes, and claims (“Actions”) arising in the ordinary course of our business. Many of these Actions raise complex factual and legal issues and are subject to uncertainties. As of July 30, 2016 , Actions filed against us included commercial, intellectual property, customer, employment, and data privacy claims, including class action lawsuits. The plaintiffs in some Actions seek unspecified damages or injunctive relief, or both. Actions are in various procedural stages and some are covered in part by insurance. As of July 30, 2016 , January 30, 2016 , and August 1, 2015 , we recorded a liability for an estimated loss if the outcome of an Action is expected to result in a loss that is considered probable and reasonably estimable. The liability recorded as of July 30, 2016 , January 30, 2016 , and August 1, 2015 was not material for any individual Action or in total. Subsequent to July 30, 2016 and through the filing date of this Quarterly Report on Form 10-Q, no information has become available that indicates a change is required that would be material to our Condensed Consolidated Financial Statements taken as a whole. We cannot predict with assurance the outcome of Actions brought against us. Accordingly, developments, settlements, or resolutions may occur and impact income in the quarter of such development, settlement, or resolution. However, we do not believe that the outcome of any current Action would have a material effect on our Condensed Consolidated Financial Statements taken as a whole.

Segment Information

Segment Information	6 Months Ended
	Jul. 30, 2016
Segment Reporting [Abstract]
Segment Information	Segment Information The Gap, Inc. is a global retailer that sells apparel, accessories, and personal care products under the Gap, Old Navy, Banana Republic, Athleta, and Intermix brands. We identify our operating segments according to how our business activities are managed and evaluated. As of July 30, 2016 , our operating segments included Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Intermix. The operating results for the twenty-six weeks ended August 1, 2015 also include Piperlime, which was discontinued as of the first quarter of fiscal 2015. We have determined that each of our operating segments share similar economic and other qualitative characteristics, and therefore the results of our operating segments are aggregated into one reportable segment as of July 30, 2016 . Net sales by brand and region are as follows: ($ in millions) Gap Global Old Navy Global Banana Republic Global Other (2) Total Percentage of Net Sales 13 Weeks Ended July 30, 2016 U.S. (1) $ 749 $ 1,500 $ 523 $ 200 $ 2,972 77 % Canada 92 129 57 — 278 7 Europe 159 — 17 — 176 5 Asia 280 66 29 — 375 10 Other regions 33 10 7 — 50 1 Total $ 1,313 $ 1,705 $ 633 $ 200 $ 3,851 100 % Sales growth (decline) (4 )% 2 % (6 )% 12 % (1 )% ($ in millions) Gap Global Old Navy Global Banana Republic Global Other (2) Total Percentage of Net Sales 13 Weeks Ended August 1, 2015 U.S. (1) $ 795 $ 1,500 $ 563 $ 177 $ 3,035 78 % Canada 88 124 59 1 272 7 Europe 176 — 20 — 196 5 Asia 270 49 27 — 346 9 Other regions 39 2 8 — 49 1 Total $ 1,368 $ 1,675 $ 677 $ 178 $ 3,898 100 % Sales growth (decline) (7 )% 3 % (4 )% (4 )% (2 )% ($ in millions) Gap Global Old Navy Global Banana Republic Global Other (2) Total Percentage of Net Sales 26 Weeks Ended July 30, 2016 U.S. (1) $ 1,447 $ 2,828 $ 977 $ 378 $ 5,630 77 % Canada 162 227 104 1 494 7 Europe 303 — 31 — 334 5 Asia 560 116 55 — 731 10 Other regions 64 20 16 — 100 1 Total $ 2,536 $ 3,191 $ 1,183 $ 379 $ 7,289 100 % Sales growth (decline) (5 )% (1 )% (9 )% 7 % (4 )% ($ in millions) Gap Global Old Navy Global Banana Republic Global Other (3) Total Percentage of Net Sales 26 Weeks Ended August 1, 2015 U.S. (1) $ 1,530 $ 2,903 $ 1,078 $ 352 $ 5,863 78 % Canada 157 226 111 2 496 6 Europe 340 — 37 — 377 5 Asia 555 92 54 — 701 9 Other regions 94 6 18 — 118 2 Total $ 2,676 $ 3,227 $ 1,298 $ 354 $ 7,555 100 % Sales growth (decline) (8 )% 4 % (5 )% (4 )% (3 )% __________ (1) U.S. includes the United States, Puerto Rico, and Guam. (2) Includes Athleta and Intermix. (3) Includes Athleta, Intermix, and Piperlime, which was discontinued as of the first quarter of fiscal 2015. Net sales by region are allocated based on the location of the store where the customer paid for and received the merchandise or the distribution center or store from which the products were shipped.

Store Closing and Other Opera21

Store Closing and Other Operating Charges Restructuring (Tables)	6 Months Ended
	Jul. 30, 2016
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs [Table Text Block]	The summary of the costs incurred during the thirteen weeks ended July 30, 2016 , as well as the Company’s current estimates of the pre-tax amount expected to be incurred during the remainder of fiscal 2016 , are as follows: Costs Incurred Estimated Costs to be Incurred ($ in millions) 13 Weeks Ended July 30, 2016 Remainder of Fiscal 2016 Total Costs recorded in cost of goods sold and occupancy expenses: Accelerated depreciation $ 4 $ 10 - 15 $ 15 - 20 Employee related costs 11 Less than 5 10 - 15 Other — — — Total costs recorded in cost of goods sold and occupancy expenses 15 10 - 20 25 - 35 Costs recorded in operating expenses: Lease termination fees and lease losses 34 50 - 65 85 - 100 Employee related costs 30 15 - 20 45 - 50 Store asset impairment 52 Less than 5 50 - 55 Other 19 5 - 10 25 - 30 Total costs recorded in operating expenses 135 70 - 100 205 - 235 Total restructuring costs $ 150 $ 80 - 120 $ 230 - 270
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	The following table summarizes activity during the thirteen weeks ended July 30, 2016 related to certain restructuring costs that will be settled with cash payments and the related liability balances as of July 30, 2016 . ($ in millions) Lease Termination Fees and Lease Losses Employee Related Costs Other Total Balance at April 30, 2016 $ — $ — $ — $ — Provision 34 41 12 87 Cash payments — — (6 ) (6 ) Balance at July 30, 2016 $ 34 $ 41 $ 6 $ 81

Debt and Credit Facilities Long

Debt and Credit Facilities Long Term Debt (Tables)	6 Months Ended
	Jul. 30, 2016
Debt Disclosure [Abstract]
Long Term Debt	Long-term debt consists of the following: ($ in millions) July 30, January 30, August 1, Notes $ 1,248 $ 1,248 $ 1,248 Japan Term Loan 97 83 100 Total long-term debt 1,345 1,331 1,348 Less: Current portion (24 ) (21 ) (20 ) Total long-term debt, less current portion $ 1,321 $ 1,310 $ 1,328

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jul. 30, 2016
Fair Value Disclosures [Abstract]
Financial Assets And Liabilities Measured At Fair Value On Recurring Basis	Financial assets and liabilities measured at fair value on a recurring basis and cash equivalents are as follows: Fair Value Measurements at Reporting Date Using ($ in millions) July 30, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Cash equivalents $ 756 $ 169 $ 587 $ — Derivative financial instruments 52 — 52 — Deferred compensation plan assets 41 41 — — Total $ 849 $ 210 $ 639 $ — Liabilities: Derivative financial instruments $ 83 $ — $ 83 $ — Fair Value Measurements at Reporting Date Using ($ in millions) January 30, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Cash equivalents $ 517 $ 204 $ 313 $ — Derivative financial instruments 93 — 93 — Deferred compensation plan assets 37 37 — — Total $ 647 $ 241 $ 406 $ — Liabilities: Derivative financial instruments $ 3 $ — $ 3 $ — Fair Value Measurements at Reporting Date Using ($ in millions) August 1, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Cash equivalents $ 239 $ 96 $ 143 $ — Derivative financial instruments 141 — 141 — Deferred compensation plan assets 46 46 — — Total $ 426 $ 142 $ 284 $ — Liabilities: Derivative financial instruments $ 8 $ — $ 8 $ —

Derivative Financial Instrume24

Derivative Financial Instruments (Tables)	6 Months Ended
	Jul. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]	Gains and losses on foreign exchange forward contracts not designated as hedging instruments recorded in the Condensed Consolidated Statements of Income, on a pre-tax basis, are as follows: 13 Weeks Ended 26 Weeks Ended ($ in millions) July 30, August 1, July 30, August 1, Gain (loss) recognized in operating expenses $ 10 $ — $ (17 ) $ —
Foreign Exchange Forward Contracts Outstanding	We had foreign exchange forward contracts outstanding in the following notional amounts: ($ in millions) July 30, January 30, August 1, Derivatives designated as cash flow hedges $ 1,449 $ 1,220 $ 1,468 Derivatives designated as net investment hedges 32 30 31 Derivatives not designated as hedging instruments 625 324 313 Total $ 2,106 $ 1,574 $ 1,812
Fair Values of Asset and Liability Derivative Financial Instruments	The fair values of foreign exchange forward contracts are as follows: ($ in millions) July 30, January 30, August 1, Derivatives designated as cash flow hedges: Other current assets $ 30 $ 71 $ 95 Other long-term assets $ 8 $ 8 $ 29 Accrued expenses and other current liabilities $ 38 $ 1 $ 3 Lease incentives and other long-term liabilities $ 23 $ 1 $ 4 Derivatives designated as net investment hedges: Other current assets $ 1 $ 1 $ — Other long-term assets $ — $ — $ — Accrued expenses and other current liabilities $ — $ — $ — Lease incentives and other long-term liabilities $ — $ — $ — Derivatives not designated as hedging instruments: Other current assets $ 12 $ 13 $ 17 Other long-term assets $ 1 $ — $ — Accrued expenses and other current liabilities $ 19 $ 1 $ 1 Lease incentives and other long-term liabilities $ 3 $ — $ — Total derivatives in an asset position $ 52 $ 93 $ 141 Total derivatives in a liability position $ 83 $ 3 $ 8
Effects of Derivative Financial Instruments on OCI and Condensed Consolidated Statements of Income	The effective portion of gains and losses on foreign exchange forward contracts in cash flow hedging and net investment hedging relationships recorded in other comprehensive income and the Condensed Consolidated Statements of Income, on a pre-tax basis, are as follows: 13 Weeks Ended 26 Weeks Ended ($ in millions) July 30, August 1, July 30, August 1, Derivatives in cash flow hedging relationships: Gain (loss) recognized in other comprehensive income $ 20 $ 53 $ (105 ) $ 39 Gain reclassified into cost of goods sold and occupancy expenses $ — $ 26 $ 13 $ 54 Gain (loss) reclassified into operating expenses $ (6 ) $ 1 $ (8 ) $ 3 Derivatives in net investment hedging relationships: Gain (loss) recognized in other comprehensive income $ 1 $ 2 $ (2 ) $ 1

Share Repurchases (Tables)

Share Repurchases (Tables)	6 Months Ended
	Jul. 30, 2016
Disclosure Share Repurchase Activity [Abstract]
Share Repurchase Activity	Share repurchase activity is as follows: 13 Weeks Ended 26 Weeks Ended ($ and shares in millions except average per share cost) July 30, August 1, July 30, August 1, Number of shares repurchased — 10.0 — 15.6 Total cost $ — $ 377 $ — $ 607 Average per share cost including commissions $ — $ 37.60 $ — $ 38.82

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jul. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation Expense	Share-based compensation expense recognized in the Condensed Consolidated Statements of Income, primarily in operating expenses, is as follows: 13 Weeks Ended 26 Weeks Ended ($ in millions) July 30, August 1, July 30, August 1, Stock units $ 17 $ 16 $ 29 $ 34 Stock options 3 3 5 6 Employee stock purchase plan 1 2 2 3 Share-based compensation expense 21 21 36 43 Less: Income tax benefit (11 ) (8 ) (17 ) (16 ) Share-based compensation expense, net of tax $ 10 $ 13 $ 19 $ 27

Accumulated Other Comprehensi27

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jul. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Changes in Accumulated Other Comprehensive Income by Component	Changes in accumulated other comprehensive income by component, net of tax, are as follows: ($ in millions) Foreign Currency Translation Cash Flow Hedges Total Balance at January 30, 2016 $ 22 $ 63 $ 85 13 Weeks Ended April 30, 2016: Foreign currency translation 31 — 31 Change in fair value of derivative financial instruments — (89 ) (89 ) Amounts reclassified from accumulated other comprehensive income — (7 ) (7 ) Other comprehensive income (loss), net 31 (96 ) (65 ) Balance at April 30, 2016 53 (33 ) 20 13 Weeks Ended July 30, 2016: Foreign currency translation (22 ) — (22 ) Change in fair value of derivative financial instruments — (7 ) (7 ) Amounts reclassified from accumulated other comprehensive income — 8 8 Other comprehensive income (loss), net (22 ) 1 (21 ) Balance at July 30, 2016 $ 31 $ (32 ) $ (1 ) ($ in millions) Foreign Currency Translation Cash Flow Hedges Total Balance at January 31, 2015 $ 60 $ 105 $ 165 13 Weeks Ended May 2, 2015: Foreign currency translation 6 — 6 Change in fair value of derivative financial instruments — (10 ) (10 ) Amounts reclassified from accumulated other comprehensive income — (21 ) (21 ) Other comprehensive income (loss), net 6 (31 ) (25 ) Balance at May 2, 2015 66 74 140 13 Weeks Ended August 1, 2015: Foreign currency translation (13 ) — (13 ) Change in fair value of derivative financial instruments — 36 36 Amounts reclassified from accumulated other comprehensive income — (19 ) (19 ) Other comprehensive income (loss), net (13 ) 17 4 Balance at August 1, 2015 $ 53 $ 91 $ 144

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jul. 30, 2016
Earnings Per Share [Abstract]
Weighted-Average Number of Shares	Weighted-average number of shares used for earnings per share is as follows: 13 Weeks Ended 26 Weeks Ended (shares in millions) July 30, August 1, July 30, August 1, Weighted-average number of shares - basic 398 417 398 419 Common stock equivalents 1 1 1 2 Weighted-average number of shares - diluted 399 418 399 421

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jul. 30, 2016
Segment Reporting [Abstract]
Net Sales by Brand and Region	Net sales by brand and region are as follows: ($ in millions) Gap Global Old Navy Global Banana Republic Global Other (2) Total Percentage of Net Sales 13 Weeks Ended July 30, 2016 U.S. (1) $ 749 $ 1,500 $ 523 $ 200 $ 2,972 77 % Canada 92 129 57 — 278 7 Europe 159 — 17 — 176 5 Asia 280 66 29 — 375 10 Other regions 33 10 7 — 50 1 Total $ 1,313 $ 1,705 $ 633 $ 200 $ 3,851 100 % Sales growth (decline) (4 )% 2 % (6 )% 12 % (1 )% ($ in millions) Gap Global Old Navy Global Banana Republic Global Other (2) Total Percentage of Net Sales 13 Weeks Ended August 1, 2015 U.S. (1) $ 795 $ 1,500 $ 563 $ 177 $ 3,035 78 % Canada 88 124 59 1 272 7 Europe 176 — 20 — 196 5 Asia 270 49 27 — 346 9 Other regions 39 2 8 — 49 1 Total $ 1,368 $ 1,675 $ 677 $ 178 $ 3,898 100 % Sales growth (decline) (7 )% 3 % (4 )% (4 )% (2 )% ($ in millions) Gap Global Old Navy Global Banana Republic Global Other (2) Total Percentage of Net Sales 26 Weeks Ended July 30, 2016 U.S. (1) $ 1,447 $ 2,828 $ 977 $ 378 $ 5,630 77 % Canada 162 227 104 1 494 7 Europe 303 — 31 — 334 5 Asia 560 116 55 — 731 10 Other regions 64 20 16 — 100 1 Total $ 2,536 $ 3,191 $ 1,183 $ 379 $ 7,289 100 % Sales growth (decline) (5 )% (1 )% (9 )% 7 % (4 )% ($ in millions) Gap Global Old Navy Global Banana Republic Global Other (3) Total Percentage of Net Sales 26 Weeks Ended August 1, 2015 U.S. (1) $ 1,530 $ 2,903 $ 1,078 $ 352 $ 5,863 78 % Canada 157 226 111 2 496 6 Europe 340 — 37 — 377 5 Asia 555 92 54 — 701 9 Other regions 94 6 18 — 118 2 Total $ 2,676 $ 3,227 $ 1,298 $ 354 $ 7,555 100 % Sales growth (decline) (8 )% 4 % (5 )% (4 )% (3 )% __________ (1) U.S. includes the United States, Puerto Rico, and Guam. (2) Includes Athleta and Intermix. (3) Includes Athleta, Intermix, and Piperlime, which was discontinued as of the first quarter of fiscal 2015.

Basis of Presentation Subsequen

Basis of Presentation Subsequent Event (Details)	1 Months Ended
	Aug. 31, 2016
Subsequent Event [Member]
Subsequent Event [Line Items]
Subsequent Event, Date	Aug. 29, 2016

Store Closing and Other Opera31

Store Closing and Other Operating Charges Restructuring and Related Costs (Details) $ in Millions	3 Months Ended
	Jul. 30, 2016USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 150
Cost of Goods Sold and Occupancy Expense
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	15
Operating Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	135
Accelerated Depreciation [Member] | Cost of Goods Sold and Occupancy Expense
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	4
Store Asset Impairment [Member] | Operating Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	52
Employee Related Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	41
Employee Related Costs [Member] | Cost of Goods Sold and Occupancy Expense
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	11
Employee Related Costs [Member] | Operating Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	30
Other [Member] | Cost of Goods Sold and Occupancy Expense
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0
Other [Member] | Operating Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	19
Lease Termination Fees and Lease Losses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	34
Lease Termination Fees and Lease Losses [Member] | Operating Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	34
Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	120
Restructuring and Related Cost, Expected Cost	270
Maximum [Member] | Cost of Goods Sold and Occupancy Expense
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	20
Restructuring and Related Cost, Expected Cost	35
Maximum [Member] | Operating Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	100
Restructuring and Related Cost, Expected Cost	235
Maximum [Member] | Accelerated Depreciation [Member] | Cost of Goods Sold and Occupancy Expense
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	15
Restructuring and Related Cost, Expected Cost	20
Maximum [Member] | Store Asset Impairment [Member] | Operating Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	5
Restructuring and Related Cost, Expected Cost	55
Maximum [Member] | Employee Related Costs [Member] | Cost of Goods Sold and Occupancy Expense
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	5
Restructuring and Related Cost, Expected Cost	15
Maximum [Member] | Employee Related Costs [Member] | Operating Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	20
Restructuring and Related Cost, Expected Cost	50
Maximum [Member] | Other [Member] | Cost of Goods Sold and Occupancy Expense
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	0
Restructuring and Related Cost, Expected Cost	0
Maximum [Member] | Other [Member] | Operating Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	10
Restructuring and Related Cost, Expected Cost	30
Maximum [Member] | Lease Termination Fees and Lease Losses [Member] | Operating Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	65
Restructuring and Related Cost, Expected Cost	100
Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	80
Restructuring and Related Cost, Expected Cost	230
Minimum [Member] | Cost of Goods Sold and Occupancy Expense
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	10
Restructuring and Related Cost, Expected Cost	25
Minimum [Member] | Operating Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	70
Restructuring and Related Cost, Expected Cost	205
Minimum [Member] | Accelerated Depreciation [Member] | Cost of Goods Sold and Occupancy Expense
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	10
Restructuring and Related Cost, Expected Cost	15
Minimum [Member] | Store Asset Impairment [Member] | Operating Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	0
Restructuring and Related Cost, Expected Cost	50
Minimum [Member] | Employee Related Costs [Member] | Cost of Goods Sold and Occupancy Expense
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	0
Restructuring and Related Cost, Expected Cost	10
Minimum [Member] | Employee Related Costs [Member] | Operating Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	15
Restructuring and Related Cost, Expected Cost	45
Minimum [Member] | Other [Member] | Cost of Goods Sold and Occupancy Expense
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	0
Restructuring and Related Cost, Expected Cost	0
Minimum [Member] | Other [Member] | Operating Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	5
Restructuring and Related Cost, Expected Cost	25
Minimum [Member] | Lease Termination Fees and Lease Losses [Member] | Operating Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	50
Restructuring and Related Cost, Expected Cost	$ 85

Store Closing and Other Opera32

Store Closing and Other Operating Charges Restructuring Reserve (Details) - USD ($) $ in Millions	3 Months Ended
	Jul. 30, 2016	Apr. 30, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 81	$ 0
Restructuring Charges	150
Payments for Restructuring	(6)
Charges that will be settled with cash payments [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	87
Lease Termination Fees and Lease Losses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	34	0
Restructuring Charges	34
Payments for Restructuring	0
Employee Related Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	41	0
Restructuring Charges	41
Payments for Restructuring	0
Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	6	$ 0
Payments for Restructuring	(6)
Other [Member] | Charges that will be settled with cash payments [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 12

Store Closing and Other Opera33

Store Closing and Other Operating Charges Restructuring - Additional Information (Details) $ in Millions	3 Months Ended
	Jul. 30, 2016USD ($)
Restructuring [Abstract]
Number of Old Navy Japan Stores Expected to Close Related to Restructuring	53
Number of Total Stores Expected to Close Related to Restructuring	75
Restructuring Charges	$ 150

Debt and Credit Facilities Lo34

Debt and Credit Facilities Long Term Debt (Details) - USD ($) $ in Millions	Jul. 30, 2016	Jan. 30, 2016	Aug. 01, 2015
Debt Instrument [Line Items]
Notes	$ 1,248	$ 1,248	$ 1,248
Japan Term Loan	97	83	100
Total long-term debt	1,345	1,331	1,348
Less: Current portion	(24)	(21)	(20)
Total long-term debt, less current portion	$ 1,321	$ 1,310	$ 1,328

Debt and Credit Facilities - Ad

Debt and Credit Facilities - Additional Information (Details) $ in Millions, ¥ in Billions	6 Months Ended
	Jul. 30, 2016JPY (¥)	Jul. 30, 2016USD ($)	Jan. 30, 2016USD ($)	Aug. 01, 2015USD ($)
Letter of Credit [Member]
Debt Instrument [Line Items]
Debt Instrument, Term	2 years
Maximum borrowing capacity		$ 50
Borrowings		0
Expiration date	Sep. 30, 2016
5.95 Percent Notes Due April 2021
Debt Instrument [Line Items]
Aggregate principal amount of notes issued		$ 1,250
Notes, interest rate	5.95%	5.95%
Estimated fair value		$ 1,340	$ 1,290	$ 1,400
Notes, maturity date	Apr. 12, 2021
Japan Term Loan [Member]
Debt Instrument [Line Items]
Aggregate principal amount of notes issued | ¥	¥ 15
Estimated fair value		97	$ 83	$ 100
Debt Instrument, Term	4 years
Debt Instrument, Date of First Required Payment	Jan. 15, 2015
Long-term Debt, Maturities, Repayments of Principal in Year Two	¥ 7.5	73
Debt Instrument, Annual Principal Payment	¥ 2.5	24
Notes, maturity date	Jan. 15, 2018
Foreign Facilities [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		47
Borrowings		0
Bank guarantees related to store leases		13
Standby Letters of Credit [Member]
Debt Instrument [Line Items]
Unsecured committed letter of credit amount		18
400 Million Dollar Term Loan with Extension [Member]
Debt Instrument [Line Items]
Short-Term Loans Payable		400
Short-term Debt, Fair Value		400
Notes, maturity date	Oct. 15, 2017
Five-Year Unsecured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Term	5 years
Maximum borrowing capacity		500
Unsecured committed letter of credit amount		0
Borrowings		$ 0
Expiration date	May 1, 2020

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Millions	Jul. 30, 2016	Jan. 30, 2016	Aug. 01, 2015
Assets:
Cash equivalents	$ 756	$ 517	$ 239
Derivative financial instruments	52	93	141
Deferred compensation plan assets	41	37	46
Total	849	647	426
Liabilities:
Derivative financial instruments	83	3	8
Fair Value, Inputs, Level 1 [Member]
Assets:
Cash equivalents	169	204	96
Derivative financial instruments	0	0	0
Deferred compensation plan assets	41	37	46
Total	210	241	142
Liabilities:
Derivative financial instruments	0	0	0
Fair Value, Inputs, Level 2 [Member]
Assets:
Cash equivalents	587	313	143
Derivative financial instruments	52	93	141
Deferred compensation plan assets	0	0	0
Total	639	406	284
Liabilities:
Derivative financial instruments	83	3	8
Fair Value, Inputs, Level 3 [Member]
Assets:
Cash equivalents	0	0	0
Derivative financial instruments	0	0	0
Deferred compensation plan assets	0	0	0
Total	0	0	0
Liabilities:
Derivative financial instruments	$ 0	$ 0	$ 0

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired other long-lived assets, fair value	$ 12,000,000	$ 6,000,000	$ 12,000,000	$ 6,000,000
Long-Lived Asset at Carrying Value	68,000,000	43,000,000	68,000,000	43,000,000
Other indefinite-lived intangible assets impairment charges	0	0	0	0
Goodwill impairment charges	0	0	0	0
Transfers into or out of level 2	0	0	0	0
Transfers into or out of level 1	0	0	0	0
Purchases, sales, issuances, or settlements related to recurring level 3 measurements	0	0	$ 0	$ 0
Strategic Actions Impairment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other long-lived asset impairment charges		$ 37,000,000
Non Restructuring Impairment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other long-lived asset impairment charges	4,000,000
Store Asset Impairment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other long-lived asset impairment charges	$ 52,000,000

Derivative Financial Instrume38

Derivative Financial Instruments - Foreign Exchange Contracts Outstanding to Sell Various Currencies (Details) - USD ($) $ in Millions	Jul. 30, 2016	Jan. 30, 2016	Aug. 01, 2015
Derivative [Line Items]
Derivative, Notional Amount	$ 2,106	$ 1,574	$ 1,812
Derivatives in cash flow hedging relationships
Derivative [Line Items]
Derivative, Notional Amount	1,449	1,220	1,468
Derivatives in net investment hedging relationships
Derivative [Line Items]
Derivative, Notional Amount	32	30	31
Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative, Notional Amount	$ 625	$ 324	$ 313

Derivative Financial Instrume39

Derivative Financial Instruments - Fair Values of Asset and Liability Derivative Financial Instruments (Details) - USD ($) $ in Millions	Jul. 30, 2016	Jan. 30, 2016	Aug. 01, 2015
Derivatives, Fair Value [Line Items]
Derivative financial instruments, assets	$ 52	$ 93	$ 141
Derivative financial instruments, liabilities	83	3	8
Foreign Exchange Forward Contract
Derivatives, Fair Value [Line Items]
Derivative financial instruments, assets	52	93	141
Derivative financial instruments, liabilities	83	3	8
Derivatives in cash flow hedging relationships | Foreign Exchange Forward Contract | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative financial instruments, assets	30	71	95
Derivatives in cash flow hedging relationships | Foreign Exchange Forward Contract | Other Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative financial instruments, assets	8	8	29
Derivatives in cash flow hedging relationships | Foreign Exchange Forward Contract | Accrued Liabilities Current [Member]
Derivatives, Fair Value [Line Items]
Derivative financial instruments, liabilities	38	1	3
Derivatives in cash flow hedging relationships | Foreign Exchange Forward Contract | Lease Incentive And Other Long Term Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative financial instruments, liabilities	23	1	4
Derivatives in net investment hedging relationships | Foreign Exchange Forward Contract | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative financial instruments, assets	1	1	0
Derivatives in net investment hedging relationships | Foreign Exchange Forward Contract | Other Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative financial instruments, assets	0	0	0
Derivatives in net investment hedging relationships | Foreign Exchange Forward Contract | Accrued Liabilities Current [Member]
Derivatives, Fair Value [Line Items]
Derivative financial instruments, liabilities	0	0	0
Derivatives in net investment hedging relationships | Foreign Exchange Forward Contract | Lease Incentive And Other Long Term Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative financial instruments, liabilities	0	0	0
Not Designated as Hedging Instrument | Foreign Exchange Forward Contract | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative financial instruments, assets	12	13	17
Not Designated as Hedging Instrument | Foreign Exchange Forward Contract | Other Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative financial instruments, assets	1	0	0
Not Designated as Hedging Instrument | Foreign Exchange Forward Contract | Accrued Liabilities Current [Member]
Derivatives, Fair Value [Line Items]
Derivative financial instruments, liabilities	19	1	1
Not Designated as Hedging Instrument | Foreign Exchange Forward Contract | Lease Incentive And Other Long Term Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative financial instruments, liabilities	$ 3	$ 0	$ 0

Derivative Financial Instrume40

Derivative Financial Instruments - Effects Of Derivative Financial Instruments On OCI And Condensed Consolidated Statements Of Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Derivatives in net investment hedging relationships
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from accumulated OCI into income, effective portion, net	$ 0	$ 0	$ 0	$ 0
Foreign Exchange Forward Contract | Derivatives in cash flow hedging relationships
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, gain (loss) recognized in OCI, effective portion, net	20	53	(105)	39
Foreign Exchange Forward Contract | Derivatives in net investment hedging relationships
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, gain (loss) recognized in OCI, effective portion, net	1	2	(2)	1
Foreign Exchange Forward Contract | Cost of Goods Sold and Occupancy Expense | Derivatives in cash flow hedging relationships
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from accumulated OCI into income, effective portion, net	0	26	13	54
Foreign Exchange Forward Contract | Operating Expenses [Member] | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Amounts of gain (loss) recognized in income on derivatives	10	0	(17)	0
Foreign Exchange Forward Contract | Operating Expenses [Member] | Derivatives in cash flow hedging relationships
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from accumulated OCI into income, effective portion, net	$ (6)	$ 1	$ (8)	$ 3

Derivative Financial Instrume41

Derivative Financial Instruments - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015	Jan. 30, 2016
Derivative [Line Items]
Derivative liabilities, net of amount subject to master netting arrangement	$ 72	$ 3	$ 72	$ 3	$ 1
Derivative assets, net of amount subject to master netting arrangement	41	136	41	136	91
Amounts Subject to Enforceable Master Netting Arrangements	11	5	11	5	$ 2
Derivatives in cash flow hedging relationships
Derivative [Line Items]
Amounts recorded as a result of hedge ineffectiveness	0	0	0	0
Amounts reclassified in earnings as a result of discontinuance of cash flow hedges	0	0	0	0
Amounts recorded in net income as a result of hedge components excluded from the assessment of cash flow hedge effectiveness	0	0	0	0
Derivatives in net investment hedging relationships
Derivative [Line Items]
Amounts recorded as a result of hedge ineffectiveness	0	0	0	0
Amounts recorded in net income as a result of hedge components excluded from the assessment of net investment hedge effectiveness	$ 0	$ 0	$ 0	$ 0

Share Repurchase Activity (Deta

Share Repurchase Activity (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Disclosure Share Repurchase Activity [Abstract]
Number of shares repurchased	0	10	0	15.6
Total cost	$ 0	$ 377	$ 0	$ 607
Average per share cost including commissions (in dollars per share)	$ 0	$ 37.60	$ 0	$ 38.82

Share Repurchases - Additional

Share Repurchases - Additional Information (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015	Feb. 25, 2016	Jan. 30, 2016	Feb. 26, 2015	Oct. 16, 2014
Disclosure Share Repurchases Additional Information [Abstract]
Stock Repurchase Program, Authorized Amount					$ 1,000		$ 1,000	$ 500
Share repurchases, remaining amount	$ 1,000		$ 1,000			$ 302
Stock Repurchase Program Amount Not Paid	$ 0	$ 0	$ 0	$ 0		$ 0
Number of shares repurchased	0	10	0	15.6

Share-Based Compensation Expens

Share-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 21	$ 21	$ 36	$ 43
Less: Income tax benefit	(11)	(8)	(17)	(16)
Share-based compensation expense, net of tax	10	13	19	27
Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	17	16	29	34
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	3	3	5	6
Employee stock purchase plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 1	$ 2	$ 2	$ 3

Accumulated Other Comprehensi45

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jul. 30, 2016	Apr. 30, 2016	Aug. 01, 2015	May 02, 2015	Jul. 30, 2016	Aug. 01, 2015	Jan. 30, 2016	Jan. 31, 2015
Foreign currency translation	$ (22)	$ 31	$ (13)	$ 6	$ 9	$ (7)
Change in fair value of derivative financial instruments	(7)	(89)	36	(10)	(96)	26
Amounts reclassified from accumulated other comprehensive income	8	(7)	(19)	(21)	1	(40)
Other comprehensive income (loss), net	(21)	(65)	4	(25)	(86)	(21)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(1)	20	144	140	(1)	144	$ 85	$ 165
Accumulated Translation Adjustment [Member]
Foreign currency translation	(22)	31	(13)	6
Change in fair value of derivative financial instruments	0	0	0	0
Amounts reclassified from accumulated other comprehensive income	0	0	0	0
Other comprehensive income (loss), net	(22)	31	(13)	6
Accumulated Other Comprehensive Income (Loss), Net of Tax	31	53	53	66	31	53	22	60
Derivatives in cash flow hedging relationships
Foreign currency translation	0	0	0	0
Change in fair value of derivative financial instruments	(7)	(89)	36	(10)
Amounts reclassified from accumulated other comprehensive income	8	(7)	(19)	(21)
Other comprehensive income (loss), net	1	(96)	17	(31)
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (32)	$ (33)	$ 91	$ 74	$ (32)	$ 91	$ 63	$ 105

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016
Income Tax Disclosure [Abstract]
Decrease In Gross Unrecognized Tax Benefits Within The Next 12 Months	$ 2		$ 2
Benefit To Income Taxes If Decrease In Gross Unrecognized Tax Benefits Within 12 Months Are Recognized			$ 0
Effective Income Tax Rate Reconciliation, Percent	52.50%	38.00%

Earnings Per Share - Weighted A

Earnings Per Share - Weighted Average Number of Shares (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Earnings Per Share [Abstract]
Weighted-average number of shares - basic (in shares)	398	417	398	419
Common stock equivalents (in shares)	1	1	1	2
Weighted-average number of shares - diluted (in shares)	399	418	399	421

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Earnings Per Share [Abstract]
Shares excluded from the computations of weighted-average number of shares - diluted	11	3	8	3

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	Jul. 30, 2016	Jan. 30, 2016	Aug. 01, 2015
Commitments and Contingencies Disclosure [Abstract]
Loss Contingency, Estimate of Possible Loss Related to Actions	$ 0	$ 0	$ 0

Segment Information - Net Sales

Segment Information - Net Sales by Brand and Region (Details) - USD ($) $ in Millions		3 Months Ended				6 Months Ended
		Jul. 30, 2016		Aug. 01, 2015		Jul. 30, 2016		Aug. 01, 2015
Segment Reporting Information [Line Items]
Net sales		$ 3,851		$ 3,898		$ 7,289		$ 7,555
Percentage of Net Sales		100.00%		100.00%		100.00%		100.00%
Sales growth (decline)		(1.00%)		(2.00%)		(4.00%)		(3.00%)
U.S.
Segment Reporting Information [Line Items]
Net sales	[1]	$ 2,972		$ 3,035		$ 5,630		$ 5,863
Percentage of Net Sales	[1]	77.00%		78.00%		77.00%		78.00%
Canada
Segment Reporting Information [Line Items]
Net sales		$ 278		$ 272		$ 494		$ 496
Percentage of Net Sales		7.00%		7.00%		7.00%		6.00%
Europe
Segment Reporting Information [Line Items]
Net sales		$ 176		$ 196		$ 334		$ 377
Percentage of Net Sales		5.00%		5.00%		5.00%		5.00%
Asia
Segment Reporting Information [Line Items]
Net sales		$ 375		$ 346		$ 731		$ 701
Percentage of Net Sales		10.00%		9.00%		10.00%		9.00%
Other Regions
Segment Reporting Information [Line Items]
Net sales		$ 50		$ 49		$ 100		$ 118
Percentage of Net Sales		1.00%		1.00%		1.00%		2.00%
Gap
Segment Reporting Information [Line Items]
Net sales		$ 1,313		$ 1,368		$ 2,536		$ 2,676
Sales growth (decline)		(4.00%)		(7.00%)		(5.00%)		(8.00%)
Gap | U.S.
Segment Reporting Information [Line Items]
Net sales	[1]	$ 749		$ 795		$ 1,447		$ 1,530
Gap | Canada
Segment Reporting Information [Line Items]
Net sales		92		88		162		157
Gap | Europe
Segment Reporting Information [Line Items]
Net sales		159		176		303		340
Gap | Asia
Segment Reporting Information [Line Items]
Net sales		280		270		560		555
Gap | Other Regions
Segment Reporting Information [Line Items]
Net sales		33		39		64		94
Old Navy
Segment Reporting Information [Line Items]
Net sales		$ 1,705		$ 1,675		$ 3,191		$ 3,227
Sales growth (decline)		2.00%		3.00%		(1.00%)		4.00%
Old Navy | U.S.
Segment Reporting Information [Line Items]
Net sales	[1]	$ 1,500		$ 1,500		$ 2,828		$ 2,903
Old Navy | Canada
Segment Reporting Information [Line Items]
Net sales		129		124		227		226
Old Navy | Europe
Segment Reporting Information [Line Items]
Net sales		0		0		0		0
Old Navy | Asia
Segment Reporting Information [Line Items]
Net sales		66		49		116		92
Old Navy | Other Regions
Segment Reporting Information [Line Items]
Net sales		10		2		20		6
Banana Republic
Segment Reporting Information [Line Items]
Net sales		$ 633		$ 677		$ 1,183		$ 1,298
Sales growth (decline)		(6.00%)		(4.00%)		(9.00%)		(5.00%)
Banana Republic | U.S.
Segment Reporting Information [Line Items]
Net sales	[1]	$ 523		$ 563		$ 977		$ 1,078
Banana Republic | Canada
Segment Reporting Information [Line Items]
Net sales		57		59		104		111
Banana Republic | Europe
Segment Reporting Information [Line Items]
Net sales		17		20		31		37
Banana Republic | Asia
Segment Reporting Information [Line Items]
Net sales		29		27		55		54
Banana Republic | Other Regions
Segment Reporting Information [Line Items]
Net sales		7		8		16		18
Other
Segment Reporting Information [Line Items]
Net sales		$ 200	[2]	$ 178	[2]	$ 379	[2]	$ 354	[3]
Sales growth (decline)		12.00%	[2]	(4.00%)	[2]	7.00%	[2]	(4.00%)	[3]
Other | U.S.
Segment Reporting Information [Line Items]
Net sales	[1]	$ 200	[2]	$ 177	[2]	$ 378	[2]	$ 352	[3]
Other | Canada
Segment Reporting Information [Line Items]
Net sales		0	[2]	1	[2]	1	[2]	2	[3]
Other | Europe
Segment Reporting Information [Line Items]
Net sales		0	[2]	0	[2]	0	[2]	0	[3]
Other | Asia
Segment Reporting Information [Line Items]
Net sales		0	[2]	0	[2]	0	[2]	0	[3]
Other | Other Regions
Segment Reporting Information [Line Items]
Net sales		$ 0	[2]	$ 0	[2]	$ 0	[2]	$ 0	[3]
[1]	U.S. includes the United States, Puerto Rico, and Guam.
[2]	Includes Athleta and Intermix.
[3]	Includes Athleta, Intermix, and Piperlime, which was discontinued as of the first quarter of fiscal 2015.

Segment Information - Additiona

Segment Information - Additional Information (Details)	6 Months Ended
	Jul. 30, 2016Segment
Segment Reporting [Abstract]
Number of reportable segments (in segments)	1