Income Taxes (Tables)

12 Months Ended

Jan. 30, 2021

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

For financial reporting purposes, components of income (loss) before income taxes are as follows:

	Fiscal Year
($ in millions)	2020		2019		2018
United States	$	(928)	$	550	$	1,183
Foreign	(174)		(22)		139
Income before income taxes	$	(1,102)	$	528	$	1,322

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision for income taxes consists of the following:

	Fiscal Year
($ in millions)	2020		2019		2018
Current:
Federal	$	(337)	$	177	$	164
State	(21)		37		41
Foreign	58		44		49
Total current	(300)		258		254
Deferred:
Federal	(94)		(58)		55
State	(56)		(20)		11
Foreign	13		(3)		(1)
Total deferred	(137)		(81)		65
Total provision	$	(437)	$	177	$	319

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The difference between the effective tax rate and the U.S. federal statutory tax rate is as follows:

	Fiscal Year
	2020		2019		2018
Federal statutory tax rate	21.0	%	21.0	%	21.0	%
State and local income taxes, net of federal benefit	4.6		3.2		4.0
Tax impact of foreign operations	(6.5)		6.0		0.1
Impact of foreign entity structure changes	10.3		—		—
Impact of the CARES Act of 2020	11.1		—		—
Impact of TCJA of 2017	—		5.6		(3.2)
Excess foreign tax credits	—		—		0.5
Other	(0.8)		(2.3)		1.7
Effective tax rate	39.7	%	33.5	%	24.1	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred tax assets (liabilities) consist of the following:

($ in millions)	January 30, 2021		February 1, 2020
Gross deferred tax assets:
Operating lease liabilities	$	1,531	$	1,726
Accrued payroll and related benefits	71		59
Accruals	148		132
Inventory capitalization and other adjustments	48		38
Deferred income	22		34
Federal, state, and foreign net operating losses	252		101
Unrealized net loss on cash flow hedges	4		—
Other	71		37
Total gross deferred tax assets	2,147		2,127
Valuation allowance	(361)		(199)
Total deferred tax assets, net of valuation allowance	1,786		1,928
Deferred tax liabilities:
Depreciation and amortization	(217)		(246)
Operating lease assets	(1,188)		(1,448)
Unremitted earnings of certain foreign subsidiaries	(2)		(2)
Unrealized net gain on cash flow hedges	—		(2)
Other	(17)		(9)
Total deferred tax liabilities	(1,424)		(1,707)
Net deferred tax assets	$	362	$	221

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

The activity related to our unrecognized tax benefits is as follows: 

	Fiscal Year
($ in millions)	2020		2019		2018
Balance at beginning of fiscal year	$	152	$	136	$	118
Increases related to current year tax positions	165		12		11
Prior year tax positions:
Increases	40		11		29
Decreases	(4)		(4)		(6)
Lapse of Statute of Limitations	(1)		(1)		—
Cash settlements	(14)		(1)		(15)
Foreign currency translation	2		(1)		(1)
Balance at end of fiscal year	$	340	$	152	$	136