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Income Taxes (Tables) | 12 Months Ended
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Jan. 28, 2018
Income Tax Disclosure [Abstract] |
Components of Earnings before Provision for Income Taxes | Our earnings before the provision for income taxes follow.
in millions | Fiscal |  | Fiscal |  | Fiscal
2017 |  | 2016 |  | 2015
U.S. | $ | 12,682 |  |  | $ | 11,568 |  |  | $ | 10,207 |
Foreign | 1,016 |  |  | 923 |  |  | 814 |
Total | $ | 13,698 |  |  | $ | 12,491 |  |  | $ | 11,021 |
Components of Provision for Income Taxes | Our provision for income taxes follows.
in millions | Fiscal |  | Fiscal |  | Fiscal
2017 |  | 2016 |  | 2015
Current: |  |  |  |  |
Federal | $ | 4,128 |  |  | $ | 3,870 |  |  | $ | 3,228 |
State | 499 |  |  | 462 |  |  | 466 |
Foreign | 331 |  |  | 315 |  |  | 296 |
Total current | 4,958 |  |  | 4,647 |  |  | 3,990 |
Deferred: |  |  |  |  |
Federal | (67 | ) |  | (102 | ) |  | 21 |
State | 89 |  |  | 13 |  |  | 10 |
Foreign | 88 |  |  | (24 | ) |  | (9 | )
Total deferred | 110 |  |  | (113 | ) |  | 22 |
Provision for income taxes | $ | 5,068 |  |  | $ | 4,534 |  |  | $ | 4,012 |
Reconciliation of Provision for Income Taxes | Our combined federal, state, and foreign effective tax rates follow.
| Fiscal |  | Fiscal |  | Fiscal
| 2017 |  | 2016 |  | 2015
Combined federal, state, and foreign effective tax rates | 37.0 | % |  | 36.3 | % |  | 36.4 | %
The reconciliation of our provision for income taxes at the federal statutory rates of 34% for fiscal 2017, 35% for fiscal 2016, and 35% for fiscal 2015 to the actual tax expense follows.
in millions | Fiscal |  | Fiscal |  | Fiscal
2017 |  | 2016 |  | 2015
Income taxes at federal statutory rate | $ | 4,648 |  |  | $ | 4,372 |  |  | $ | 3,857 |
State income taxes, net of federal income tax benefit | 369 |  |  | 309 |  |  | 309 |
Tax on mandatory deemed repatriation | 400 |  |  | — |  |  | — |
Other, net | (349 | ) |  | (147 | ) |  | (154 | )
Total | $ | 5,068 |  |  | $ | 4,534 |  |  | $ | 4,012 |
Tax Effects of Temporary Differences | The tax effects of temporary differences that give rise to significant portions of our deferred tax assets and deferred tax liabilities follow.
in millions | January 28, 2018 |  | January 29, 2017
Assets: |  |  |
Deferred compensation | $ | 185 |  |  | $ | 284 |
Accrued self-insurance liabilities | 295 |  |  | 440 |
State income taxes | 109 |  |  | 152 |
Non-deductible reserves | 220 |  |  | 328 |
Net operating losses | 19 |  |  | 33 |
Other | 124 |  |  | 268 |
Total deferred tax assets | 952 |  |  | 1,505 |
Valuation allowance | — |  |  | (3 | )
Total deferred tax assets after valuation allowance | 952 |  |  | 1,502 |
Liabilities: |  |  |
Merchandise inventories | (9 | ) |  | (64 | )
Property and equipment | (770 | ) |  | (1,128 | )
Goodwill and other intangibles | (243 | ) |  | (368 | )
Other | (251 | ) |  | (147 | )
Total deferred tax liabilities | (1,273 | ) |  | (1,707 | )
Net deferred tax liabilities | $ | (321 | ) |  | $ | (205 | )
Tax Balance Sheet Accounts | Our noncurrent deferred tax assets and noncurrent deferred tax liabilities, netted by tax jurisdiction, follow.
in millions | January 28, 2018 |  | January 29, 2017
Other assets | $ | 119 |  |  | $ | 91 |
Deferred income taxes | (440 | ) |  | (296 | )
Net deferred tax liabilities | $ | (321 | ) |  | $ | (205 | )
Unrecognized Tax Benefits | Reconciliations of the beginning and ending amount of our gross unrecognized tax benefits follow.
in millions | Fiscal |  | Fiscal |  | Fiscal
2017 |  | 2016 |  | 2015
Unrecognized tax benefits balance at beginning of fiscal year | $ | 659 |  |  | $ | 689 |  |  | $ | 765 |
Additions based on tax positions related to the current year | 74 |  |  | 147 |  |  | 169 |
Additions for tax positions of prior years | 15 |  |  | 14 |  |  | 126 |
Reductions for tax positions of prior years | (93 | ) |  | (161 | ) |  | (350 | )
Reductions due to settlements | (1 | ) |  | (16 | ) |  | (14 | )
Reductions due to lapse of statute of limitations | (17 | ) |  | (14 | ) |  | (7 | )
Unrecognized tax benefits balance at end of fiscal year | $ | 637 |  |  | $ | 659 |  |  | $ | 689 |
Summary of Income Tax Examinations | Our total accrued interest and penalties follow.
in millions | January 28, 2018 |  | January 29, 2017
Total accrued interest and penalties | $ | 134 |  |  | $ | 109 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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