TAXES BASED ON INCOME (Tables)

12 Months Ended

Jan. 31, 2015

TAXES BASED ON INCOME

Schedule of provision for income taxes

	2014			2013			2012
Federal
Current	$	847		$	638		$	563
Deferred	(15		)	81			154
Subtotal federal	832			719			717
State and local
Current	59			42			46
Deferred	11			(10		)	31
Subtotal state and local	70			32			77
Total	$	902		$	751		$	794

Schedule of reconciliation of the statutory federal rate and the effective rate

	2014		2013		2012
Statutory rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal tax benefit	1.7	%	0.9	%	2.2	%
Credits	(1.2	)%	(1.3	)%	(1.4	)%
Favorable resolution of issues	(0.4	)%			(0.5	)%
Domestic manufacturing deduction	(0.7	)%	(1.1	)%	(0.5	)%
Other changes, net	(0.3	)%	(0.6	)%	(0.3	)%
	34.1	%	32.9	%	34.5	%

Schedule of significant temporary differences that comprise tax balances

	2014			2013
Current deferred tax assets:
Net operating loss and credit carryforwards	$	5		$	4
Compensation related costs	88			103
Other	14			15
Subtotal	107			122
Valuation allowance	(7		)	(9		)
Total current deferred tax assets	100			113
Current deferred tax liabilities:
Insurance related costs	(99		)	(96		)
Inventory related costs	(288		)	(265		)
Total current deferred tax liabilities	(387		)	(361		)
Current deferred taxes	$	(287	)	$	(248	)
Long-term deferred tax assets:
Compensation related costs	$	721		$	464
Lease accounting	129			115
Closed store reserves	50			54
Insurance related costs	77			66
Net operating loss and credit carryforwards	115			103
Other	2			
Subtotal	1,094			802
Valuation allowance	(42		)	(38		)
Total long-term deferred tax assets	1,052			764
Long-term deferred tax liabilities:
Depreciation and amortization	(2,261		)	(2,128		)
Other				(17		)
Total long-term deferred tax liabilities	(2,261		)	(2,145		)
Long-term deferred taxes	$	(1,209	)	$	(1,381	)

Schedule of reconciliation of beginning and ending amounts of unrecognized tax benefits

	2014			2013			2012
Beginning balance	$	325		$	299		$	310
Additions based on tax positions related to the current year	17			23			45
Reductions based on tax positions related to the current year	(6		)	(10		)	(9		)
Additions for tax positions of prior years	9			17			1
Reductions for tax positions of prior years	(36		)	(4		)	(27		)
Settlements	(63		)				(21		)
Ending balance	$	246		$	325		$	299