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Income Taxes (Tables) | 12 Months Ended
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Feb. 02, 2020
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
2019 |  | 2018 |  | 2017
U.S. | $ | 13,770 |  |  | $ | 13,456 |  |  | $ | 12,682 |
Foreign | 945 |  |  | 1,100 |  |  | 1,016 |
Total | $ | 14,715 |  |  | $ | 14,556 |  |  | $ | 13,698 |
Components of provision for income taxes | Our provision for income taxes follows:
in millions | Fiscal |  | Fiscal |  | Fiscal
2019 |  | 2018 |  | 2017
Current: |  |  |  |  |
Federal | $ | 2,370 |  |  | $ | 2,495 |  |  | $ | 4,128 |
State | 572 |  |  | 544 |  |  | 499 |
Foreign | 340 |  |  | 372 |  |  | 331 |
Total current | 3,282 |  |  | 3,411 |  |  | 4,958 |
Deferred: |  |  |  |  |
Federal | 259 |  |  | 67 |  |  | (67 | )
State | (72 | ) |  | 1 |  |  | 89 |
Foreign | 4 |  |  | (44 | ) |  | 88 |
Total deferred | 191 |  |  | 24 |  |  | 110 |
Provision for income taxes | $ | 3,473 |  |  | $ | 3,435 |  |  | $ | 5,068 |
Reconciliation of provision for income taxes | Our combined federal, state, and foreign effective tax rates follow:
| Fiscal |  | Fiscal |  | Fiscal
| 2019 |  | 2018 |  | 2017
Combined federal, state, and foreign effective tax rates | 23.6 | % |  | 23.6 | % |  | 37.0 | %
The reconciliation of our provision for income taxes at the federal statutory rates of 21% for fiscal 2019, 21% for fiscal 2018, and approximately 34% for fiscal 2017 to the actual tax expense follows:
in millions | Fiscal |  | Fiscal |  | Fiscal
2019 |  | 2018 |  | 2017
Income taxes at federal statutory rate | $ | 3,090 |  |  | $ | 3,057 |  |  | $ | 4,648 |
State income taxes, net of federal income tax benefit | 395 |  |  | 443 |  |  | 369 |
Tax on mandatory deemed repatriation | — |  |  | (62 | ) |  | 400 |
Other, net | (12 | ) |  | (3 | ) |  | (349 | )
Total | $ | 3,473 |  |  | $ | 3,435 |  |  | $ | 5,068 |
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 | February 2, 2020 |  | February 3, 2019
Assets: |  |  |
Deferred compensation | $ | 169 |  |  | $ | 183 |
Accrued self-insurance liabilities | 285 |  |  | 298 |
State income taxes | 100 |  |  | 96 |
Non-deductible reserves | 156 |  |  | 231 |
Net operating losses | 70 |  |  | 17 |
Lease liabilities | 1,536 |  |  | — |
Other | 135 |  |  | 116 |
Total deferred tax assets | 2,451 |  |  | 941 |
Valuation allowance | — |  |  | — |
Total deferred tax assets after valuation allowance | 2,451 |  |  | 941 |
Liabilities: |  |  |
Merchandise inventories | (26 | ) |  | (9 | )
Property and equipment | (1,107 | ) |  | (893 | )
Goodwill and other intangibles | (195 | ) |  | (179 | )
Right-of-use assets | (1,458 | ) |  | — |
Other | (232 | ) |  | (230 | )
Total deferred tax liabilities | (3,018 | ) |  | (1,311 | )
Net deferred tax liabilities | $ | (567 | ) |  | $ | (370 | )
Schedule of tax balance sheet accounts | Our noncurrent deferred tax assets and noncurrent deferred tax liabilities, netted by tax jurisdiction, follow:
in millions | February 2, 2020 |  | February 3, 2019
Other assets | $ | 139 |  |  | $ | 121 |
Deferred income taxes | (706 | ) |  | (491 | )
Net deferred tax liabilities | $ | (567 | ) |  | $ | (370 | )
Schedule of unrecognized tax benefits | Reconciliations of the beginning and ending amount of our gross unrecognized tax benefits follow:
in millions | Fiscal |  | Fiscal |  | Fiscal
2019 |  | 2018 |  | 2017
Unrecognized tax benefits balance at beginning of fiscal year | $ | 494 |  |  | $ | 637 |  |  | $ | 659 |
Additions based on tax positions related to the current year | 96 |  |  | 91 |  |  | 74 |
Additions for tax positions of prior years | 82 |  |  | 100 |  |  | 15 |
Reductions for tax positions of prior years | (147 | ) |  | (245 | ) |  | (93 | )
Reductions due to settlements | (13 | ) |  | (66 | ) |  | (1 | )
Reductions due to lapse of statute of limitations | (39 | ) |  | (23 | ) |  | (17 | )
Unrecognized tax benefits balance at end of fiscal year | $ | 473 |  |  | $ | 494 |  |  | $ | 637 |
Summary of income tax examinations | Our total accrued interest and penalties follow:
in millions | February 2, 2020 |  | February 3, 2019
Total accrued interest and penalties | $ | 87 |  |  | $ | 101 |

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