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Income Taxes (Tables)
 12 Months Ended
Jan. 28, 2023
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 year202220212020
U.S.$316$241($1,210)
Foreign215(18)
Earnings (loss) before income taxes$337$246($1,228)
Components Of Income Tax Expense Income tax expense (benefit) consists of the following:
Fiscal year2022 2021 2020 
Current income taxes:
Federal$149 $61 ($501)
State and local27 18 (34)
Foreign(1)— 4 
Total current income tax expense (benefit)175 79 (531)
Deferred income taxes:
Federal(86)(10)47 
State and local(2)(5)(57)
Foreign5 4 3 
Total deferred income tax benefit(83)(11)(7)
Total income tax expense (benefit)$92 $68 ($538)
Reconciliation Of Statutory To Effective Tax Rate A reconciliation of the statutory federal income tax rate to the effective tax rate on earnings (loss) before income taxes is as follows:
Fiscal year2022 2021 2020 
Statutory rate21.0 %21.0 %21.0 %
CARES Act impact— (0.9 %)17.6 %
State and local income taxes, net of federal income taxes5.9 %3.4 %6.1 %
Federal credits(3.8 %)(4.0 %)0.5 %
Non-deductible expenses1.2 %2.7 %(0.3 %)
Stock-based compensation1.8 %2.0 %(1.0 %)
Valuation allowance0.4 %1.8 %(0.8 %)
Taxes on foreign operations1.6 %1.3 %0.4 %
Other, net(0.9 %)0.2 %0.3 %
Effective tax rate27.2 %27.5 %43.8 %
Components Of Deferred Tax Assets And Liabilities The components of deferred tax assets and liabilities are as follows:
January 28, 2023January 29, 2022
Deferred tax assets:
Lease liabilities$463 $471 
Compensation and benefits accruals111 133 
Sales return reserve61 59 
Accrued expenses28 27 
Merchandise inventories33 35 
Gift cards43 25 
The Nordy Club loyalty program8 5 
Net operating losses52 81 
Other25 9 
Total deferred tax assets824 845 
Valuation allowance(28)(28)
Total deferred tax assets, net of valuation allowance796 817 
Deferred tax liabilities:
ROU assets(331)(326)
Land, property and equipment(230)(327)
Debt exchange premium(12)(12)
Total deferred tax liabilities(573)(665)
Net deferred tax assets$223 $152 
Information On Approximate Net Operating Loss Carryforwards The following sets forth information on approximate net operating loss carryforwards for income tax purposes:
January 28, 2023January 29, 2022
State$756 $1,114 
Foreign26 50 
Reconciliation Of Unrecognized Tax Benefits A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
Fiscal year202220212020
Unrecognized tax benefit at beginning of year$47 $32 $22 
Gross increase to tax positions in prior periods1 11 4 
Gross decrease to tax positions in prior periods(6)— — 
Gross increase to tax positions in current period7 6 6 
Settlements(1)(2)— 
Unrecognized tax benefit at end of year$48 $47 $32