Business and Summary of Accounting Policies (Tables)

12 Months Ended

Jan. 29, 2011

Business and Summary of Accounting Policies

Property and Equipment

	Jan. 29, 2011			Jan. 30, 2010
	(In Millions)
	(Restated)
Land	$	1,033		$	1,041
Buildings and improvements:
Owned		6,931			6,520
Leased		1,754			1,697
Store fixtures and equipment		2,309			2,169
Computer hardware and software		696			553
Construction in progress		172			139
Total property and equipment		12,895			12,119
Less accumulated depreciation		(4,203	)		(3,613	)
	$	8,692		$	8,506

Ranges of Useful Lives

Buildings and improvements	8-40 years
Store fixtures and equipment	3-15 years
Property under capital lease and financing obligations	5-40 years
Computer hardware and software	3-8 years

Accrued Liabilities

	Jan. 29, 2011		Jan. 30, 2010
	(In Millions)
	(Restated)
Various liabilities to customers	$	267	$	221
Payroll and related fringe benefits		184		201
Sales, property and use taxes		159		156
Due to JPMorgan Chase		84		121
Accrued construction costs		97		76
Accrued interest		21		22
Other		218		208
	$	1,030	$	1,005

Long-term Liabilities

	Jan. 29, 2011		Jan. 30, 2010
	(In Millions)
	(Restated)
Property-related liabilities (straight-line rents and rent incentives)	$	198	$	162
Unrecognized tax benefits, including accrued interest and penalties		120		114
Deferred compensation		38		35
Other		24		28
	$	380	$	339

Advertising Costs

		$1,017			$1,017			$1,017
	2010			2009			2008
	(In Millions)
Gross advertising costs	$	1,017		$	988		$	1,037
Vendor allowances		(148	)		(142	)		(147	)
Net advertising costs	$	869		$	846		$	890
Net advertising costs as a percent of net sales		4.7	%		4.9	%		5.4	%

Net Income Per Share

		$1,017		$1,017		$1,017
	2010		2009		2008
	(In Millions except per share data)
	(Restated)
Numerator—net income	$	1,120	$	973	$	857
Denominator—weighted average shares
Basic		304		305		306
Impact of dilutive employee stock options (a)		2		1		1
Diluted		306		306		307
Net income per share:
Basic	$	3.69	$	3.19	$	2.80
Diluted	$	3.66	$	3.17	$	2.80

(a) Excludes 8 million options for 2010, 17 million options for 2009 and 18 million options for 2008 as the impact of such options was antidilutive.