Income Taxes (Tables)

12 Months Ended

Jan. 30, 2015

Income Tax Disclosure [Abstract]

Provision for Income Taxes

The provision for income taxes for each of the three years ended January 30, 2015 included the following:

	Year Ended
	January 30, 2015		January 31, 2014		January 31, 2013
	(in millions)
Current:
Federal	$	66	$	40	$	73
State		12		5		13
Deferred:
Federal		4		13		11
State		-		5		2
Total	$	82	$	63	$	99

Reconciliation of Provision for Income Taxes Computed by Statutory Federal Income Tax Rate

A reconciliation of the provision for income taxes to the amount computed by applying the statutory federal income tax rate to income before income taxes for each of the three years ended January 30, 2015 follows:

	Year Ended
	January 30, 2015			January 31, 2014			January 31, 2013
	(in millions)
Amount computed at the statutory federal income tax rate (35%)	$	78		$	62		$	99
State income taxes, net of federal tax benefit		8			7			9
Research and development credits		(1	)		(3	)		(4	)
Other		(3	)		(3	)		(5	)
Total	$	82		$	63		$	99
Effective income tax rate		36.8	%		35.8	%		35.2	%

Deferred Tax Assets and Liabilities

Deferred tax assets (liabilities) were comprised of:

	January 30, 2015			January 31, 2014
	(in millions)
Accrued vacation and bonuses	$	23		$	23
Accrued liabilities		4			-
Deferred compensation		18			15
Vesting stock awards		18			18
Deferred rent and incentives		-			5
Net operating loss carryforward		-			3
Other		3			1
Total deferred tax assets		66			65
Deferred revenue		(49	)		(46	)
Fixed asset basis differences		(8	)		(7	)
Purchased intangible assets		(28	)		(26	)
Total deferred tax liabilities		(85	)		(79	)
Net deferred tax liabilities	$	(19	)	$	(14	)

Net Deferred Tax Assets (Liabilities)

Net deferred tax assets (liabilities) were:

	January 30, 2015			January 31, 2014
	(in millions)
Net current deferred tax liabilities	$	(25	)	$	(15	)
Net non-current deferred tax assets (a)		6			1
Total net deferred tax liabilities	$	(19	)	$	(14	)

Changes in Unrecognized Tax Benefits

The changes in the unrecognized tax benefits, excluding accrued interest and penalties, were:

	Year Ended
	January 30, 2015		January 31, 2014			January 31, 2013
	(in millions)
Unrecognized tax benefits at beginning of the year	$	-	$	5		$	5
Additions for tax positions related to prior years		-		-			1
Reductions for tax positions as a result of spin-off		-		(5	)		-
Settlements with tax authorities		-		-			(1	)
Unrecognized tax benefits at end of the year	$	-	$	-		$	5
Unrecognized tax benefits that, if recognized, would affect the effective income      tax rate	$	-	$	-		$	4