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Income Taxes (Tables)

12 Months Ended

Jan. 29, 2017

Income Tax Disclosure [Abstract]

Components of Earnings before Provision for Income Taxes

The components of Earnings before Provision for Income Taxes for fiscal 2016, 2015 and 2014 were as follows (amounts in millions):

	Fiscal Year Ended
	January 29, 2017				January 31, 2016				February 1, 2015
United States	$	11,568			$	10,207			$	9,217
Foreign	923				814				759
Total	$	12,491			$	11,021			$	9,976

Provision for Income Taxes

The Provision for Income Taxes consisted of the following (amounts in millions):

	Fiscal Year Ended
	January 29, 2017				January 31, 2016				February 1, 2015
Current:
Federal	$	3,870			$	3,228			$	2,884
State	462				466				373
Foreign	315				296				258
	4,647				3,990				3,515
Deferred:
Federal	(102		)		21				127
State	13				10				(11		)
Foreign	(24		)		(9		)		—
	(113		)		22				116
Total	$	4,534			$	4,012			$	3,631

Reconciliation of Provision for Income Taxes

The reconciliation of the Provision for Income Taxes at the federal statutory rate of 35% to the actual tax expense for the applicable fiscal years was as follows (amounts in millions):

	Fiscal Year Ended
	January 29, 2017				January 31, 2016				February 1, 2015
Income taxes at federal statutory rate	$	4,372			$	3,857			$	3,492
State income taxes, net of federal income tax benefit	309				309				235
Other, net	(147		)		(154		)		(96		)
Total	$	4,534			$	4,012			$	3,631

Tax Effects of Temporary Differences

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of January 29, 2017 and January 31, 2016 were as follows (amounts in millions):

	January 29, 2017				January 31, 2016
Assets:
Deferred compensation	$	284			$	269
Accrued self-insurance liabilities	440				433
State income taxes	152				140
Non-deductible reserves	328				315
Net operating losses	33				58
Other	268				267
Total Deferred Tax Assets	1,505				1,482
Valuation Allowance	(3		)		(3		)
Total Deferred Tax Assets after Valuation Allowance	1,502				1,479
Liabilities:
Inventories	(64		)		(129		)
Property and equipment	(1,128		)		(1,165		)
Goodwill and other intangibles	(368		)		(368		)
Other	(147		)		(116		)
Total Deferred Tax Liabilities	(1,707		)		(1,778		)
Net Deferred Tax Liabilities	$	(205	)		$	(299	)

Tax Balance Sheet Accounts

(amounts in millions):

	January 29, 2017				January 31, 2016
Other Assets	$	91			$	80
Deferred Income Taxes	(296		)		(379		)
Net Deferred Tax Liabilities	$	(205	)		$	(299	)

Unrecognized Tax Benefits

Reconciliations of the beginning and ending amount of gross unrecognized tax benefits for fiscal 2016, 2015 and 2014 were as follows (amounts in millions):

	January 29, 2017				January 31, 2016				February 1, 2015
Unrecognized tax benefits balance at beginning of fiscal year	$	689			$	765			$	790
Additions based on tax positions related to the current year	147				169				179
Additions for tax positions of prior years	14				126				34
Reductions for tax positions of prior years	(161		)		(350		)		(212		)
Reductions due to settlements	(16		)		(14		)		(7		)
Reductions due to lapse of statute of limitations	(14		)		(7		)		(19		)
Unrecognized tax benefits balance at end of fiscal year	$	659			$	689			$	765

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