Taxes (Tables)

12 Months Ended

Jan. 30, 2016

Schedule of Income Tax Expense (Benefit)

Income tax expense is as follows:



	2015						2014						2013
	Current		Deferred		Total		Current		Deferred		Total		Current		Deferred			Total
	(millions)
Federal	$	536	$	—	$	536	$	743	$	28	$	771	$	834	$	(76	)	$	758
State and local	72		—		72		92		1		93		105		(59		)	46
	$	608	$	—	$	608	$	835	$	29	$	864	$	939	$	(135	)	$	804

Schedule of Effective Income Tax Reconciliation

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



	2015			2014			2013
	(millions)
Expected tax	$	588		$	836		$	801
State and local income taxes, net of federal income tax benefit	43			59			45
Historic rehabilitation tax credit	(12		)	(20		)	(16		)
Change in valuation allowance	3			1			(16		)
Other	(14		)	(12		)	(10		)
	$	608		$	864		$	804

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:



	January 30, 2016			January 31, 2015
	(millions)
Deferred tax assets
Post employment and postretirement benefits	$	536		$	586
Accrued liabilities accounted for on a cash basis for tax purposes	340			305
Long-term debt	73			83
Unrecognized state tax benefits and accrued interest	79			76
State operating loss and credit carryforwards	82			80
Other	206			175
Valuation allowance	(27		)	(24		)
Total deferred tax assets	1,289			1,281
Deferred tax liabilities
Excess of book basis over tax basis of property and equipment	(1,485		)	(1,510		)
Merchandise inventories	(606		)	(585		)
Intangible assets	(345		)	(294		)
Other	(330		)	(335		)
Total deferred tax liabilities	(2,766		)	(2,724		)
Net deferred tax liability	$	(1,477	)	$	(1,443	)

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:



	January 30, 2016			January 31, 2015			February 1, 2014
	(millions)
Balance, beginning of year	$	172		$	189		$	170
Additions based on tax positions related to the current year	30			33			37
Additions for tax positions of prior years	—			—			—
Reductions for tax positions of prior years	(7		)	(15		)	(1		)
Settlements	(3		)	(23		)	(1		)
Statute expirations	(14		)	(12		)	(16		)
Balance, end of year	$	178		$	172		$	189
Amounts recognized in the Consolidated Balance Sheets at January 30, 2016, January 31, 2015 and February 1, 2014
Current income taxes	$	12		$	11		$	31
Long-term deferred income taxes	5			6			11
Other liabilities	161			155			147
	$	178		$	172		$	189