Income Taxes (Tables)

12 Months Ended

Jan. 31, 2015

Income Tax Disclosure [Abstract]

Deferred income taxes

Deferred income taxes consist of the following:

	Jan 31, 2015		Feb 1, 2014
	(Dollars In Millions)
Deferred tax liabilities:
Property and equipment	$	1,385	$	1,416
Deferred tax assets:
Merchandise inventories	24		24
Accrued and other liabilities, including stock options	182		223
Capital lease and financing obligations	773		813
Accrued step rent liability	100		94
Unrealized loss on investments	—		7
Unrealized loss on interest rate swap	13		15
Federal benefit on state tax reserves	41		43
	1,133		1,219
Net deferred tax liability	$	252	$	197

Components of the provision for income tax

The components of the provision for income taxes were as follows:

	2014			2013			2012
	(Dollars In Millions)
Current federal	$	400		$	473		$	592
Current state	36			45			60
Deferred federal	48			6			(68		)
Deferred state	(2		)	(9		)	(9		)
	$	482		$	515		$	575

Items affecting statutory corporate tax rate

The provision for income taxes differs from the amount that would be provided by applying the statutory U.S. corporate tax rate due to the following items:

	2014		2013		2012
Provision at statutory rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal tax benefit	1.3		2.2		2.2
Tax-exempt interest income	—		(0.2	)	(0.1	)
Other federal tax credits	(0.6	)	(0.3	)	(0.3	)
Provision for income taxes	35.7	%	36.7	%	36.8	%

Reconciliation of gross amount of unrecognized tax benefits

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

	2014			2013
	(Dollars In Millions)
Balance at beginning of year	$	125		$	108
Increases due to:
Tax positions taken in prior years	—			6
Tax positions taken in current year	21			21
Decreases due to:
Tax positions taken in prior years	(16		)	(4		)
Settlements with taxing authorities	(2		)	(3		)
Lapse of applicable statute of limitations	(5		)	(3		)
Balance at end of year	$	123		$	125