Income Taxes (Tables)

12 Months Ended

Feb. 02, 2013

Income Taxes

Schedule of significant components of deferred tax assets and liabilities

	Deferred Tax Asset (Liability)
	February 2, 2013						January 28, 2012
	Current			Noncurrent			Current			Noncurrent
	(In millions)
	(Restated)
Net operating loss, general business credit, foreign tax credit and alternative minimum tax credit carryforwards	$	—		$	10		$	—		$	14
Merchandise inventories	(12		)	—			(9		)	—
Accrued expenses	13			1			12			1
State income taxes	(1		)	3			1			3
Vacation accrual	7			—			7			—
Share-based compensation	—			29			—			25
Deferred rent	2			14			—			16
Other deferred tax assets	4			3			6			4
State valuation allowance	—			(10		)	—			(14		)
Bonus accrual	—			3			6			—
Gift cards	4			—			4			—
Property and equipment	—			(29		)	—			(33		)
Foreign taxes	1			—			—			—
Workers’ compensation	19			—			17			—
Cancellation of debt income	—			(39		)	—			(39		)
Original issue discount related to cancellation of debt income	—			41			—			41
Other deferred tax liabilities	(4		)	2			(3		)	—
	$	33		$	28		$	41		$	18
Net deferred tax assets				$	61					$	59

Schedule of federal, state and international income tax provision

	Fiscal Year
	2012			2011		2010
	(In millions)
Federal:
Current	$	92		$	46	$	45
Deferred	(7		)	18		(21		)
Total federal income tax provision	85			64		24
State:
Current	10			13		9
Deferred	1			1		(4		)
Total state income tax provision	11			14		5
International:
Current	20			22		17
Deferred	(1		)	—		—
Total international income tax provision	19			22		17
Total income tax provision	$	115		$	100	$	46

Schedule of reconciliation between the actual income tax provision and the income tax provision (benefit) calculated by applying the federal statutory tax rate

	Fiscal Year
	2012			2011			2010
	(In millions)
Income tax provision at statutory rate	$	111		$	91		$	52
State income taxes, net of federal income tax effect	6			7			2
Federal tax credits	—			(2		)	(2		)
Unrecognized tax benefits	(1		)	1			(4		)
State valuation allowance	—			—			1
Other	(1		)	3			(3		)
Total income tax provision	$	115		$	100		$	46

Schedule of reconciliation of unrecognized tax benefits

	Fiscal Year
	2012
	(In millions)
Balance at January 28, 2012	$	11
Additions based on tax positions related to the current year	1
Additions for tax positions related to prior years	1
Reductions for expiration of statute of limitations	(3		)
Settlements with taxing authorities	(3		)
Balance at February 2, 2013	$	7