Income Taxes (Tables)

12 Months Ended

Feb. 01, 2025

Income Tax Disclosure [Abstract]

Schedule of Tax Rate Reconciliation - Continuing Operations

Tax Rate Reconciliation	2024		2023		2022
Federal statutory rate	21.0	%	21.0	%	21.0	%
State income taxes, net of the federal tax benefit	3.7		3.8		3.0
International	(1.1)		(1.3)		(2.1)
Excess tax benefit related to share-based payments	(0.1)		(0.3)		(1.6)
Federal tax credits	(0.8)		(0.8)		(1.5)
Other	(0.5)		(0.5)		(0.1)
Effective tax rate	22.2	%	21.9	%	18.7	%

Schedule of Provision for Income Taxes

Provision for Income Taxes (millions)	2024		2023		2022
Current:
Federal	$	1,013	$	556	$	(84)
State	236		208		33
International	101		97		107
Total current	1,350		861		56
Deferred:
Federal	(184)		256		501
State	2		43		82
International	2		(1)		(1)
Total deferred	(180)		298		582
Total provision	$	1,170	$	1,159	$	638

Schedule of Net Deferred Tax Asset/(Liability)

Net Deferred Tax Asset / (Liability) (millions)	February 1, 2025		February 3, 2024
Gross deferred tax assets:
Accrued and deferred compensation	$	423	$	392
Accruals and reserves not currently deductible	260		256
Self-insured benefits	207		180
Deferred occupancy income	109		118
Lease liabilities	1,600		1,468
Other	50		92
Total gross deferred tax assets	2,649		2,506
Gross deferred tax liabilities:
Property and equipment	(2,830)		(3,015)
Leased assets	(1,425)		(1,276)
Inventory	(484)		(500)
Other	(203)		(187)
Total gross deferred tax liabilities	(4,942)		(4,978)
Total net deferred tax liability (a)	$	(2,293)	$	(2,472)

(a)$10 million and $8 million of the balances as of February 1, 2025, and February 3, 2024, respectively, is included in Other Noncurrent Assets.

Schedule of Reconciliation of Liability for Unrecognized Tax Benefits

Reconciliation of Gross Unrecognized Tax Benefits (millions)	2024		2023		2022
Balance at beginning of period	$	352	$	233	$	125
Additions based on tax positions related to the current year	118		128		115
Additions for tax positions of prior years	22		8		21
Reductions for tax positions of prior years	(36)		(13)		(23)
Settlements	(23)		(4)		(5)
Balance at end of period	$	433	$	352	$	233