Schedule II - Valuation and Qualifying Accounts and Reserves

12 Months Ended

Jan. 29, 2016

Valuation and Qualifying Accounts & Reserves

Schedule II - Valuation and Qualifying Accounts and Reserves

2. Financial Statement Schedule

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

(In Millions)	Balance at beginning of period		Charges to costs and expenses			Deductions				Balance at end of period
January 29, 2016:
Reserve for loss on obsolete inventory	$	52	$	—		$	(6	)	1	$	46
Reserve for inventory shrinkage	162		345			(336		)	2	171
Reserve for sales returns	65		1		3	—				66
Deferred tax valuation allowance	170		277		4	—				447
Self-insurance liabilities	905		1,357			(1,379		)	5	883
Reserve for exit activities	53		34			(20		)	6	67
January 30, 2015:
Reserve for loss on obsolete inventory	$	68	$	—		$	(16	)	1	$	52
Reserve for inventory shrinkage	158		326			(322		)	2	162
Reserve for sales returns	58		7		3	—				65
Deferred tax valuation allowance	164		6		4	—				170
Self-insurance liabilities	904		1,323			(1,322		)	5	905
Reserve for exit activities	54		14			(15		)	6	53
January 31, 2014:
Reserve for loss on obsolete inventory	$	57	$	11	1	$	—			$	68
Reserve for inventory shrinkage	142		325			(309		)	2	158
Reserve for sales returns	59		—			(1		)	3	58
Deferred tax valuation allowance	142		22		4	—				164
Self-insurance liabilities	899		1,164			(1,159		)	5	904
Reserve for exit activities	75		11			(32		)	6	54

¹  Represents the net increase/(decrease) in the required reserve based on the Company’s evaluation of obsolete inventory.

²  Represents the actual inventory shrinkage experienced at the time of physical inventories.

³  Represents the net increase/(decrease) in the required reserve based on the Company’s evaluation of anticipated merchandise returns.

⁴  Represents an increase in the required reserve based on the Company’s evaluation of deferred tax assets.

⁵  Represents claim payments for self-insured claims.

⁶  Represents lease payments, net of sublease income.