Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 28, 2017

Significant Accounting Policies [Line Items]

Computation of Basic and Diluted Earnings Per Share

The computation of basic and diluted earnings per share is as follows:

		2016		2015		2014
	(in millions, except per share data)
Net Income		$	664	$	541	$	520
Weighted-average common shares outstanding			134.0		139.1		143.9
Dilutive effect of potential common shares			1.1		1.7		2.1
Weighted-average common shares outstanding assuming dilution			135.1		140.8		146.0
Earnings per share - basic		$	4.95	$	3.89	$	3.61
Earnings per share - diluted		$	4.91	$	3.84	$	3.56
Anti-dilutive share-based awards excluded from diluted calculation			0.4		0.6		0.6

Estimated Useful Lives

Depreciation and amortization are computed on a straight-line basis over the following estimated useful lives:

Buildings	Maximum of 50 years
Store leasehold improvements	10 years or term of lease, if shorter
Furniture, fixtures, and equipment	3-10 years
Software	2-7 years

Advertising Expense [Member]

Significant Accounting Policies [Line Items]

Costs Included as Component of Selling, General and Administrative Expenses

Advertising costs, including digital advertising, which are included as a component of selling, general and administrative expenses, were as follows:

	2016		2015		2014
	($ in millions)
Advertising expenses	$	118	$	119	$	125
Digital advertising expenses		84		65		57
Cooperative advertising reimbursements		(20)		(19)		(21)
Net advertising expense	$	182	$	165	$	161

Catalog Expense [Member]

Significant Accounting Policies [Line Items]

Costs Included as Component of Selling, General and Administrative Expenses

Catalog costs, which are included as a component of selling, general and administrative expenses, were as follows:

	2016		2015		2014
	($ in millions)
Catalog costs	$	26	$	28	$	32
Cooperative reimbursements		(6)		(7)		(7)
Net catalog expense	$	20	$	21	$	25