TAXES BASED ON INCOME (Tables)

12 Months Ended

Feb. 03, 2018

TAXES BASED ON INCOME

Schedule of provision for income taxes

	2017		2016		2015
Federal
Current	$	309	$	721	$	723
Deferred		(747)		158		266
Subtotal federal		(438)		879		989
State and local
Current		15		51		37
Deferred		18		27		19
Subtotal state and local		33		78		56
Total	$	(405)	$	957	$	1,045

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

	2017		2016		2015
Statutory rate	33.7	%	35.0	%	35.0	%
State income taxes, net of federal tax benefit	1.7	%	1.6	%	1.2	%
Credits	(2.5)	%	(1.1)	%	(1.2)	%
Favorable resolution of issues	—	%	(0.5)	%	(0.2)	%
Domestic manufacturing deduction	(1.1)	%	(0.7)	%	(0.7)	%
Excess tax benefits from share-based payments	(0.4)	%	(1.6)	%	—	%
Effect of Tax Cuts and Jobs Act	(60.8)	%	—	%	—	%
Impairment of Goodwill	2.3	%	—		—
Other changes, net	(0.2)	%	0.1	%	(0.3)	%
	(27.3)	%	32.8	%	33.8	%

Schedule of significant temporary differences that comprise tax balances

	2017		2016
Current deferred tax assets:
Net operating loss and credit carryforwards	$	—	$	23
Compensation related costs		—		67
Other		—		50
Subtotal		—		140
Valuation allowance		—		(11)
Total current deferred tax assets		—		129
Current deferred tax liabilities:
Insurance related costs		—		(52)
Inventory related costs		—		(328)
Total current deferred tax liabilities		—		(380)
Current deferred taxes	$	—	$	(251)
Long-term deferred tax assets:
Compensation related costs	$	348	$	783
Lease accounting		78		121
Closed store reserves		45		46
Insurance related costs		—		7
Net operating loss and credit carryforwards		146		101
Other		54		1
Subtotal		671		1,059
Valuation allowance		(62)		(39)
Total long-term deferred tax assets		609		1,020
Long-term deferred tax liabilities:
Depreciation and amortization		(1,892)		(2,947)
Insurance related costs		(32)		—
Inventory related costs		(253)		—
Total long-term deferred tax liabilities		(2,177)		(2,947)
Long-term deferred taxes	$	(1,568)	$	(1,927)

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

	2017		2016		2015
Beginning balance	$	177	$	204	$	246
Additions based on tax positions related to the current year		11		10		11
Reductions based on tax positions related to the current year		(1)		(1)		(11)
Additions for tax positions of prior years		6		3		4
Reductions for tax positions of prior years		(8)		(30)		(27)
Settlements		—		(2)		(17)
Lapse of statute		(5)		(7)		(2)
Ending balance	$	180	$	177	$	204