Business and Summary of Accounting Policies (Tables)

12 Months Ended

Feb. 01, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of fiscal period

The following fiscal periods are presented in this report.

Fiscal year	Ended	Number of Weeks
2013	February 1, 2014	52
2012	February 2, 2013	53
2011	January 28, 2012	52

Property and equipment

Property and equipment consist of the following:

	Feb 1, 2014			Feb 2, 2013
	(Dollars In Millions)
Land	$	1,095		$	1,089
Buildings and improvements:
Owned	7,713			7,575
Leased	1,845			1,820
Store fixtures and equipment	2,147			2,517
Computer hardware and software	1,033			779
Construction in progress	291			200
Total property and equipment, at cost	14,124			13,980
Less accumulated depreciation	(5,379		)	(5,108		)
Property and equipment, net	$	8,745		$	8,872

Range of useful lives

The annual provisions for depreciation and amortization generally use the following ranges of useful lives:

Buildings and improvements	5-40 years
Store fixtures and equipment	3-15 years
Computer hardware and software	3-8 years

Accrued Liabilities

Accrued liabilities consist of the following:

	Feb 1, 2014		Feb 2, 2013
	(Dollars In Millions)
Various liabilities to customers	$	296	$	275
Payroll and related fringe benefits	112		101
Sales, property and use taxes	166		153
Credit card liabilities	109		120
Other	455		337
Accrued liabilities	$	1,138	$	986

Long-term liabilities

Accumulated other comprehensive loss

Accumulated other comprehensive loss consists of the following:

	Unrealized Gains (Losses) on Investments			Loss on Interest Rate Derivatives			Accumulated Other Comprehensive Loss
	(Dollars In Millions)
Balance at January 28, 2012	$	(24	)	$	(29	)	$	(53	)
Other comprehensive income	5			3			8
Balance at February 2, 2013	(19		)	(26		)	(45		)
Other comprehensive income	8			3			11
Balance at February 1, 2014	$	(11	)	$	(23	)	$	(34	)

Tax effects of components of other comprehensive (loss) income

The tax effects of each component of other comprehensive income (loss) are as follows:

	2013			2012			2011
	(Dollars In Millions)
Unrealized gains on investments:
Before-tax amounts	$	12		$	9		$	21
Tax expense	(4		)	(4		)	(8		)
After-tax amounts	8			5			13
Interest rate derivatives:
Before-tax amounts	5			5			(47		)
Tax (expense) benefit	(2		)	(2		)	18
After-tax amounts	3			3			(29		)
Other comprehensive income (loss)	$	11		$	8		$	(16	)

Advertising

Advertising costs, net of related vendor allowances, were as follows:

	2013			2012			2011
	(Dollars In Millions)
Gross advertising costs	$	1,185		$	1,163		$	1,123
Vendor allowances	(172		)	(170		)	(161		)
Net advertising costs	$	1,013		$	993		$	962
Net advertising costs as a percent of net sales	5.3		%	5.2		%	5.1		%

Net income per share

The information required to compute basic and diluted net income per share is as follows:

	2013		2012		2011
	(In Millions, Except per Share Data)
Numerator—net income	$	889	$	986	$	1,167
Denominator—weighted average shares
Basic	218		235		270
Impact of dilutive employee stock options (a)	2		2		1
Diluted	220		237		271
Net income per share:
Basic	$	4.08	$	4.19	$	4.33
Diluted	$	4.05	$	4.17	$	4.30