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Segment Reporting | 6 Months Ended
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Aug. 02, 2014
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting We operate as two segments: U.S. and Canadian. Our segment measure of profit is used by management to evaluate the return on our investment and to make operating decisions.
Business Segment Results | Three Months Ended August 2, 2014 |  | Three Months Ended August 3, 2013
(millions) | U.S. |  |  | Canadian |  |  | Total |  |  | U.S. |  |  | Canadian |  |  | Total |
Sales | $ | 16,957 |  |  | $ | 449 |  |  | $ | 17,406 |  |  | $ | 16,841 |  |  | $ | 275 |  |  | $ | 17,117 |
Cost of sales | 11,798 |  |  | 367 |  |  | 12,165 |  |  | 11,556 |  |  | 188 |  |  | 11,745 |
Gross margin | 5,159 |  |  | 82 |  |  | 5,241 |  |  | 5,285 |  |  | 87 |  |  | 5,372 |
Selling, general and administrative expenses (a)(e) | 3,462 |  |  | 216 |  |  | 3,678 |  |  | 3,462 |  |  | 207 |  |  | 3,669 |
Depreciation and amortization | 537 |  |  | 70 |  |  | 606 |  |  | 493 |  |  | 49 |  |  | 542 |
Segment profit | $ | 1,160 |  |  | $ | (204 | ) |  | $ | 957 |  |  | $ | 1,330 |  |  | $ | (169 | ) |  | $ | 1,161 |
Data Breach related costs, net of insurance receivable (c)(e) |  |  |  |  | (111 | ) |  |  |  |  |  | — |
Reduction of beneficial interest asset (a)(e) |  |  |  |  |  |  | (11 | ) |  |  |  |  |  |  |  | (29 | )
Undeveloped land impairments (e) |  |  |  |  | (16 | ) |  |  |  |  |  | — |
Earnings before interest expense and income taxes |  |  |  |  |  |  | 819 |  |  |  |  |  |  |  |  | 1,132 |
Net interest expense |  |  |  |  |  |  | 453 |  |  |  |  |  |  |  |  | 171 |
Earnings before income taxes |  |  |  |  |  |  | $ | 366 |  |  |  |  |  |  |  |  | $ | 961 |
Business Segment Results | Six Months Ended August 2, 2014 |  | Six Months Ended August 3, 2013
(millions) | U.S. |  |  | Canadian |  |  | Total |  |  | U.S. |  |  | Canadian |  |  | Total |
Sales | $ | 33,614 |  |  | $ | 842 |  |  | $ | 34,456 |  |  | $ | 33,462 |  |  | $ | 361 |  |  | $ | 33,823 |
Cost of sales | 23,546 |  |  | 686 |  |  | 24,232 |  |  | 23,067 |  |  | 241 |  |  | 23,308 |
Gross margin | 10,068 |  |  | 156 |  |  | 10,224 |  |  | 10,395 |  |  | 120 |  |  | 10,515 |
Selling, general and administrative expenses (a)(e) | 6,788 |  |  | 434 |  |  | 7,222 |  |  | 6,842 |  |  | 400 |  |  | 7,242 |
Depreciation and amortization | 1,049 |  |  | 137 |  |  | 1,186 |  |  | 984 |  |  | 94 |  |  | 1,079 |
Segment profit | $ | 2,231 |  |  | $ | (415 | ) |  | $ | 1,816 |  |  | $ | 2,569 |  |  | $ | (374 | ) |  | $ | 2,194 |
Data Breach related costs, net of insurance receivable (c)(e) |  |  |  |  | (129 | ) |  |  |  |  |  | — |
Reduction of beneficial interest asset (a)(e) |  |  |  |  |  |  | (29 | ) |  |  |  |  |  |  |  | (45 | )
Undeveloped land impairments (e) |  |  |  |  | (16 | ) |  |  |  |  |  | — |
Card brand conversion costs (d)(e) |  |  |  |  | (13 | ) |  |  |  |  |  | — |
Gain on receivables transaction (b) |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  | 391 |
Earnings before interest expense and income taxes |  |  |  |  |  |  | 1,629 |  |  |  |  |  |  |  |  | 2,540 |
Net interest expense |  |  |  |  |  |  | 622 |  |  |  |  |  |  |  |  | 801 |
Earnings before income taxes |  |  |  |  |  |  | $ | 1,007 |  |  |  |  |  |  |  |  | $ | 1,739 |
Note: The sum of the segment amounts may not equal the total amounts due to rounding. (a) Our U.S. Segment includes all TD profit-sharing amounts in segment EBIT; however, under GAAP, some amounts received from TD reduce the beneficial interest asset and are not recorded in consolidated earnings. (b) Refer to Note 3 for more information on our credit card receivables transaction. (c) Refer to Note 6 for more information on Data Breach related costs. (d) Expense related to converting co-branded card program to MasterCard. (e) The sum of segment SG&A expenses, reduction of beneficial interest asset, Data Breach related costs, undeveloped land impairments and card brand conversion costs equal consolidated SG&A expenses.
Total Assets by Segment (millions) | August 2, 2014 |  |  | February 1, 2014 |  |  | August 3, 2013 |
U.S. | $ | 37,889 |  |  | $ | 38,128 |  |  | $ | 37,810 |
Canadian | 6,398 |  |  | 6,254 |  |  | 6,172 |
Total segment assets | 44,287 |  |  | 44,382 |  |  | 43,982 |
Unallocated assets (a) | 168 |  |  | 171 |  |  | 180 |
Total assets | $ | 44,455 |  |  | $ | 44,553 |  |  | $ | 44,162 |
(a) Represents the beneficial interest asset and insurance receivable related to the Data Breach of $98 million and $70 million, respectively, at August 2, 2014, and $127 million and $44 million, respectively, at February 1, 2014. Represents the beneficial interest asset at August 3, 2013.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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