Income Taxes (Tables)

12 Months Ended

Jan. 28, 2012

Income Taxes [Abstract]

Components Of Income Tax Expense

Fiscal year	2011	2010	2009
Current income taxes:
Federal	$359	$324	$275
State and local	63	52	38
Total current income tax expense	422	376	313
Deferred income taxes:
Current	7	2	(28)
Non-current	7	–	(30)
Total deferred income tax expense (benefit)	14	2	(58)
Total income tax expense	$436	$378	$255

Reconciliation Of Statutory To Effective Tax Rate

Fiscal year	2011	2010	2009
Statutory rate	35.0%	35.0%	35.0%
State and local income taxes, net of federal income taxes	3.6	3.4	3.5
Non-taxable acquisition-related items	0.6	–	–
Deferred tax adjustment	–	–	(1.8)
Permanent differences	0.1	(0.2)	(0.6)
Other, net	(0.3)	–	0.5
Effective tax rate	39.0%	38.2%	36.6%

Components Of Deferred Tax Assets And Liabilities

	January 28, 2012	January 29, 2011
Compensation and benefits accruals	$167	$146
Accrued expenses	86	75
Merchandise inventories	22	25
Gift cards and gift certificates	17	18
Loyalty reward certificates	17	17
Allowance for credit losses	45	56
Federal benefit of state taxes	6	9
Gain on sale of interest rate swap	29	–
Other	17	14
Total deferred tax assets	406	360
Land, buildings and equipment basis and depreciation differences	(63)	(4)
Total deferred tax liabilities	(63)	(4)
Net deferred tax assets	$343	$356

Reconciliation Of Unrecognized Tax Benefits

Fiscal year	2011	2010	2009
Unrecognized tax benefit at beginning of year	$43	$43	$28
Gross increase to tax positions in prior periods	14	3	18
Gross decrease to tax positions in prior periods	(14)	(3)	(3)
Gross increase to tax positions in current period	2	3	3
Settlements	(24)	(3)	(3)
Unrecognized tax benefit at end of year	$21	$43	$43