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Income Taxes (Tables)
12 Months Ended
Jan. 29, 2021
Income Tax Disclosure [Abstract]  
Provision for Income Taxes The provision for income taxes for each of the periods presented include the following:
Year Ended
January 29,
2021
January 31,
2020
February 1,
2019
(in millions)
Current:
Federal$34 $10 $
State14 10 
Deferred:
Federal10 32 17 
State2 12 
Total$60 $57 $33 
Reconciliation of Provision for Income Taxes Computed by Statutory Federal Income Tax Rate
A reconciliation of the provision for income taxes to the amount computed by applying the statutory federal income tax rate to income before income taxes for each of the periods presented follows:
Year Ended
January 29,
2021
January 31,
2020
February 1,
2019
(in millions)
Amount computed at the statutory federal income tax rate$57 $60 $36 
State income taxes, net of federal tax benefit13 14 
Research and development and other federal credits(8)(11)(8)
Non-deductible compensation3 
Non-deductible acquisition costs — 
Excess tax benefits for stock-based compensation(3)(4)(9)
Other(2)(4)(1)
Total$60 $57 $33 
Effective income tax rate22.1 %20.0 %19.4 %
Deferred Tax Assets and Liabilities Deferred tax assets (liabilities) were comprised of:
January 29,
2021
January 31,
2020
(in millions)
Accrued vacation and bonuses$33 $21 
Accrued liabilities16 20 
Deferred compensation20 23 
Stock awards11 11 
Net operating loss and other carryforwards105 117 
Fixed asset basis differences 
Deferred revenue14 — 
Lease liability65 54 
Payroll tax deferral11 — 
Accumulated other comprehensive loss30 23 
Valuation allowance(7)(5)
Total deferred tax assets298 266 
Deferred revenue (1)
Purchased intangible assets(198)(177)
Fixed asset basis difference(4)— 
Right of use assets(61)(48)
Total deferred tax liabilities(263)(226)
Net deferred tax assets$35 $40 
Changes in Unrecognized Tax Benefits
The changes in the unrecognized tax benefits, excluding accrued interest and penalties, were:
Year Ended
January 29,
2021
January 31,
2020
February 1,
2019
(in millions)
Unrecognized tax benefits at beginning of the year$51 $13 $
Additions for acquired unrecognized tax benefits — 
Additions for tax positions related to prior years8 32 
Additions for tax positions related to the current year9 
Reductions for prior year tax positions related to statute expiration(2)(2)— 
Unrecognized tax benefits at end of the year$66 $51 $13 
Unrecognized tax benefits that, if recognized, would affect the effective income tax rate$66 $48 $