Taxes (Tables)

12 Months Ended

Feb. 01, 2014

Schedule of Income Tax Expense (Benefit)

Income tax expense is as follows:



	2013							2012							2011
	Current		Deferred			Total		Current		Deferred			Total		Current		Deferred		Total
	(millions)
Federal	$	859	$	(98	)	$	761	$	697	$	2		$	699	$	519	$	144	$	663
State and local	107		(64		)	43		70		(2		)	68		43		6		49
	$	966	$	(162	)	$	804	$	767	$	—		$	767	$	562	$	150	$	712

Schedule of Effective Income Tax Reconciliation

The reasons for this difference and their tax effects are as follows:



	2013			2012			2011
	(millions)
Expected tax	$	801		$	736		$	689
State and local income taxes, net of federal income tax benefit	45			47			34
Historic rehabilitation tax credit	(16		)	—			—
Change in valuation allowance	(16		)	(2		)	(3		)
Other	(10		)	(14		)	(8		)
	$	804		$	767		$	712

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows:



	February 1, 2014			February 2, 2013
	(millions)
Deferred tax assets
Post employment and postretirement benefits	$	392		$	476
Accrued liabilities accounted for on a cash basis for tax purposes	289			237
Long-term debt	90			96
Unrecognized state tax benefits and accrued interest	84			71
State operating loss and credit carryforwards	79			60
Other	160			177
Valuation allowance	(23		)	(39		)
Total deferred tax assets	1,071			1,078
Deferred tax liabilities
Excess of book basis over tax basis of property and equipment	(1,569		)	(1,665		)
Merchandise inventories	(587		)	(577		)
Intangible assets	(263		)	(230		)
Post employment benefits	(28		)	—
Other	(297		)	(251		)
Total deferred tax liabilities	(2,744		)	(2,723		)
Net deferred tax liability	$	(1,673	)	$	(1,645	)

Reconciliation of the Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:



	February 1, 2014			February 2, 2013			January 28, 2012
	(millions)
Balance, beginning of year	$	170		$	179		$	205
Additions based on tax positions related to the current year	37			18			23
Additions for tax positions of prior years	—			18			—
Reductions for tax positions of prior years	(1		)	(19		)	(21		)
Settlements	(1		)	(9		)	(15		)
Statute expirations	(16		)	(17		)	(13		)
Balance, end of year	$	189		$	170		$	179
Amounts recognized in the Consolidated Balance Sheets at February 1, 2014, February 2, 2013 and January 28, 2012
Current income taxes	$	31		$	20		$	18
Long-term deferred income taxes	11			23			27
Other liabilities	147			127			134
	$	189		$	170		$	179