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Income Taxes (Tables)
 12 Months Ended
Jan. 30, 2021
Income Tax Disclosure [Abstract]  
U.S. And Foreign Components Of Earnings Before Income Taxes U.S. and foreign components of earnings before income taxes were as follows:
Fiscal year2020 2019 2018 
U.S.($1,210)$654 $792 
Foreign(18)28 (59)
(Loss) earnings before income taxes($1,228)$682 $733 
Components Of Income Tax Expense Income tax expense consists of the following:
Fiscal year2020 2019 2018 
Current income taxes:
Federal($501)$90 $147 
State and local(34)44 56 
Foreign4 — — 
Total current income tax (benefit) expense(531)134 203 
Deferred income taxes:
Federal47 43 (5)
State and local(57)3 (3)
Foreign3 6 (26)
Total deferred income tax (benefit) expense(7)52 (34)
Total income tax (benefit) expense($538)$186 $169 
Reconciliation Of Statutory To Effective Tax Rate A reconciliation of the statutory federal income tax rate to the effective tax rate on earnings before income taxes is as follows:
Fiscal year2020 2019 2018 
Statutory rate21.0 %21.0 %21.0 %
CARES Act impact17.6 %— — 
Tax Act impact
— — (0.1 %)
State and local income taxes, net of federal income taxes6.1 %5.4 %5.8 %
Federal credits0.5 %(0.9 %)(1.5 %)
Valuation allowance release— — (1.2 %)
Other, net(1.4 %)1.8 %(0.9 %)
Effective tax rate43.8 %27.3 %23.1 %
Components Of Deferred Tax Assets And Liabilities The components of deferred tax assets and liabilities are as follows:
January 30, 2021February 1, 2020
Deferred tax assets:
Lease liabilities$505 $555 
Compensation and benefits accruals139 145 
Allowance for sales returns43 47 
Accrued expenses28 29 
Merchandise inventories22 20 
Gift cards10 39 
The Nordy Club loyalty program19 10 
Net operating losses72 33 
Other23 5 
Total deferred tax assets861 883 
Valuation allowance(24)(41)
Total net deferred tax assets837 842 
Deferred tax liabilities:
ROU assets(337)(377)
Land, property and equipment(341)(312)
Debt exchange premium(12)(13)
Total deferred tax liabilities(690)(702)
Net deferred tax assets$147 $140 
Information On Approximate Net Operating Loss Carryforwards The following sets forth information on approximate net operating loss carryforwards for income tax purposes:
January 30, 2021February 1, 2020
State$1,036 $25 
Foreign54 102 
Reconciliation Of Unrecognized Tax Benefits A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
Fiscal year202020192018
Unrecognized tax benefit at beginning of year$22 $30 $31 
Gross increase to tax positions in prior periods4 — 9 
Gross decrease to tax positions in prior periods— — (14)
Gross increase to tax positions in current period6 3 6 
Lapses in statute— (1)(2)
Settlements— (10)— 
Unrecognized tax benefit at end of year$32 $22 $30