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Income Taxes (Tables) | 12 Months Ended
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Jan. 30, 2016
Income Tax Disclosure [Abstract] |
Reconciliation of the federal statutory income tax rate to income tax expense | The following is a reconciliation of the federal statutory income tax rate to income tax expense in fiscal 2016, 2015 and 2014 ($ in millions):
| 2016 |  | 2015 |  | 2014
Federal income tax at the statutory rate | $ | 458 |  |  | $ | 485 |  |  | $ | 379 |
State income taxes, net of federal benefit | 38 |  |  | 43 |  |  | 26 |
(Benefit) expense from foreign operations | 5 |  |  | (23 | ) |  | (23 | )
Other | 2 |  |  | (11 | ) |  | 6 |
Legal entity reorganization | — |  |  | (353 | ) |  | — |
Income tax expense | $ | 503 |  |  | $ | 141 |  |  | $ | 388 |
Effective income tax rate | 38.4 | % |  | 10.1 | % |  | 35.8 | %
Earning before income tax expense and equity in income (loss) of affiliates | Earnings from continuing operations before income tax expense by jurisdiction was as follows in fiscal 2016, 2015 and 2014 ($ in millions):
| 2016 |  | 2015 |  | 2014
United States | $ | 1,310 |  |  | $ | 1,201 |  |  | $ | 699 |
Outside the United States | — |  |  | 186 |  |  | 384 |
Earnings from continuing operations before income tax expense | $ | 1,310 |  |  | $ | 1,387 |  |  | $ | 1,083 |
Components of income tax expense | Income tax expense was comprised of the following in fiscal 2016, 2015 and 2014 ($ in millions):
| 2016 |  | 2015 |  | 2014
Current: |  |  |  |  |
Federal | $ | 347 |  |  | $ | 354 |  |  | $ | 305 |
State | 48 |  |  | 51 |  |  | 46 |
Foreign | 60 |  |  | 33 |  |  | 55 |
| 455 |  |  | 438 |  |  | 406 |
Deferred: |  |  |  |  |
Federal | 65 |  |  | (275 | ) |  | (22 | )
State | 10 |  |  | (26 | ) |  | 1 |
Foreign | (27 | ) |  | 4 |  |  | 3 |
| 48 |  |  | (297 | ) |  | (18 | )
Income tax expense | $ | 503 |  |  | $ | 141 |  |  | $ | 388 |
Deferred income tax assets and liabilities | Deferred taxes are the result of differences between the bases of assets and liabilities for financial reporting and income tax purposes. Deferred tax assets and liabilities were comprised of the following ($ in millions):
| January 30, 2016 |  | January 31, 2015
Accrued property expenses | $ | 175 |  |  | $ | 129 |
Other accrued expenses | 78 |  |  | 91 |
Deferred revenue | 99 |  |  | 93 |
Compensation and benefits | 99 |  |  | 103 |
Stock-based compensation | 86 |  |  | 94 |
Goodwill and intangibles | 253 |  |  | 287 |
Loss and credit carryforwards | 133 |  |  | 156 |
Other | 86 |  |  | 88 |
Total deferred tax assets | 1,009 |  |  | 1,041 |
Valuation allowance | (108 | ) |  | (143 | )
Total deferred tax assets after valuation allowance | 901 |  |  | 898 |
Property and equipment | (296 | ) |  | (251 | )
Inventory | (69 | ) |  | (54 | )
Other | (26 | ) |  | (27 | )
Total deferred tax liabilities | (391 | ) |  | (332 | )
Net deferred tax assets | $ | 510 |  |  | $ | 566 |
Schedule of deferred tax assets and liabilities included in consolidated balance sheets | Deferred tax assets and liabilities included in our Consolidated Balance Sheets were as follows ($ in millions):
| January 30, 2016 |  | January 31, 2015
Other assets | $ | 510 |  |  | $ | 574 |
Long-term liabilities held for sale | — |  |  | (8 | )
Net deferred tax assets | $ | 510 |  |  | $ | 566 |
Reconciliation of changes in unrecognized tax benefits | The following table provides a reconciliation of changes in unrecognized tax benefits for fiscal 2016, 2015 and 2014 ($ in millions):
| 2016 |  | 2015 |  | 2014
Balance at beginning of period | $ | 410 |  |  | $ | 370 |  |  | $ | 383 |
Gross increases related to prior period tax positions | 30 |  |  | 33 |  |  | 38 |
Gross decreases related to prior period tax positions | (13 | ) |  | (88 | ) |  | (67 | )
Gross increases related to current period tax positions | 59 |  |  | 114 |  |  | 34 |
Settlements with taxing authorities | (9 | ) |  | (9 | ) |  | (3 | )
Lapse of statute of limitations | (8 | ) |  | (10 | ) |  | (15 | )
Balance at end of period | $ | 469 |  |  | $ | 410 |  |  | $ | 370 |

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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=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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- Definition Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
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