Taxes (Tables)

12 Months Ended

Feb. 01, 2020

Taxes Payable [Abstract]

Schedule of Income Tax Expense (Benefit)

Income tax expense (benefit) is as follows:

	2019							2018						2017
	Current		Deferred			Total		Current		Deferred		Total		Current		Deferred			Total
	(millions)
Federal	$	137	$	4		$	141	$	156	$	79	$	235	$	367	$	(462	)	$	(95	)
State and local	33		(10		)	23		54		33		87		15		41			56
	$	170	$	(6	)	$	164	$	210	$	112	$	322	$	382	$	(421	)	$	(39	)

Schedule of Effective Income Tax Reconciliation

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

	2019			2018			2017
	(millions)
Expected tax	$	153		$	300		$	515
State and local income taxes, net of federal income tax benefit (a)	13			59			19
Federal tax reform deferred tax remeasurement	—			(17		)	(584		)
Tax impact of equity awards (a)	1			—			14
Federal tax credits	(3		)	(16		)	(16		)
Change in valuation allowance	5			10			18
Other	(5		)	(14		)	(5		)
	$	164		$	322		$	(39	)

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, 2020			February 2, 2019
	(millions)
Deferred tax assets
Post employment and postretirement benefits	$	210		$	208
Accrued liabilities accounted for on a cash basis for tax purposes	165			222
Lease liabilities	864			—
Unrecognized state tax benefits and accrued interest	40			39
State operating loss and credit carryforwards	102			103
Other	110			172
Valuation allowance	(80		)	(75		)
Total deferred tax assets	1,411			669
Deferred tax liabilities
Excess of book basis over tax basis of property and equipment	(988		)	(987		)
Right of use assets	(707		)	—
Merchandise inventories	(365		)	(398		)
Intangible assets	(309		)	(308		)
Other	(211		)	(214		)
Total deferred tax liabilities	(2,580		)	(1,907		)
Net deferred tax liability	$	(1,169	)	$	(1,238	)

Schedule of Unrecognized Tax Benefits Roll Forward

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

	February 1, 2020			February 2, 2019			February 3, 2018
	(millions)
Balance, beginning of year	$	149		$	140		$	167
Additions based on tax positions related to the current year	18			17			7
Additions for tax positions of prior years	11			13			—
Reductions for tax positions of prior years	(20		)	(12		)	(23		)
Settlements	(16		)	—			(2		)
Statute expirations	(9		)	(9		)	(9		)
Balance, end of year	$	133		$	149		$	140
Amounts recognized in the Consolidated Balance Sheets
Current income taxes	$	12		$	28		$	11
Deferred income taxes	4			4			4
Other liabilities (a)	117			117			125
	$	133		$	149		$	140

(a) Unrecognized tax benefits not expected to be settled within one year are included within other liabilities on the Consolidated Balance Sheets.

Summary of Income Tax Contingencies

Additional information regarding unrecognized benefits and related interest and penalties is as follow:

	February 1, 2020		February 2, 2019
	(millions)
Amount of unrecognized tax benefits, net of deferred tax assets, that if recognized would affect the effective tax rate	$	106	$	120
Accrued federal, state and local interest and penalties	60		56
Amounts recognized in the Consolidated Balance Sheets
Current income taxes	4		28
Other liabilities	56		28