XML 87 R42.htm IDEA: XBRL DOCUMENT v3.20.1

Income Taxes (Tables)

12 Months Ended

Feb. 01, 2020

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

For financial reporting purposes, components of income (loss) before income taxes are as follows:

		Fiscal Year
($ in millions)		2019				2018				2017
United States		$	550			$	1,183			$	1,301
Foreign		(22		)		139				123
Income before income taxes		$	528			$	1,322			$	1,424

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision for income taxes consists of the following:

		Fiscal Year
($ in millions)		2019				2018				2017
Current:
Federal		$	177			$	164			$	415
State		37				41				51
Foreign		44				49				49
Total current		258				254				515
Deferred:
Federal		(58		)		55				55
State		(20		)		11				(5		)
Foreign		(3		)		(1		)		11
Total deferred		(81		)		65				61
Total provision		$	177			$	319			$	576

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The difference between the effective tax rate and the U.S. federal statutory tax rate is as follows:

		Fiscal Year
		2019			2018			2017
Federal statutory tax rate		21.0	%		21.0	%		33.7	%
State and local income taxes, net of federal benefit		3.2			4.0			4.0
Tax impact of foreign operations		6.0			0.1			(1.1	)
Impact of TCJA of 2017		5.6			(3.2	)		4.0
Excess foreign tax credits		—			0.5			(0.7	)
Other		(2.3	)		1.7			0.5
Effective tax rate		33.5	%		24.1	%		40.4	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred tax assets (liabilities) consist of the following:

($ in millions)		February 1, 2020				February 2, 2019
Gross deferred tax assets:
Deferred rent		$	—			$	124
Operating lease liabilities		1,726				—
Accrued payroll and related benefits		59				51
Accruals		132				106
Inventory capitalization and other adjustments		38				42
Deferred income		34				29
Federal, state, and foreign net operating losses		101				70
Other		37				40
Total gross deferred tax assets		2,127				462
Valuation allowance		(199		)		(156		)
Total deferred tax assets, net of valuation allowance		1,928				306
Deferred tax liabilities:
Depreciation and amortization		(246		)		(180		)
Operating lease assets		(1,448		)		—
Unremitted earnings of certain foreign subsidiaries		(2		)		(2		)
Unrealized net gain on cash flow hedges		(2		)		(3		)
Other		(9		)		(6		)
Total deferred tax liabilities		(1,707		)		(191		)
Net deferred tax assets		$	221			$	115

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

The activity related to our unrecognized tax benefits is as follows: 

		Fiscal Year
($ in millions)		2019				2018				2017
Balance at beginning of fiscal year		$	136			$	118			$	44
Increases related to current year tax positions		12				11				48
Prior year tax positions:
Increases		11				29				28
Decreases		(4		)		(6		)		(2		)
Lapse of Statute of Limitations		(1		)		—				(1		)
Cash settlements		(1		)		(15		)		—
Foreign currency translation		(1		)		(1		)		1
Balance at end of fiscal year		$	152			$	136			$	118

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-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

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-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

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=117331294&loc=d3e36027-109320

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration