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TAXES BASED ON INCOME (Tables)
12 Months Ended
Feb. 01, 2020
TAXES BASED ON INCOME  
Schedule of provision for taxes based on income

    

2019

    

2018

    

2017

 

Federal

Current

$

454

$

775

$

309

Deferred

 

(50)

 

(3)

 

(747)

Subtotal federal

 

404

 

772

 

(438)

State and local

Current

 

70

 

108

 

15

Deferred

 

(5)

 

20

 

18

Subtotal state and local

 

65

 

128

 

33

Total

$

469

$

900

$

(405)

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

    

2019

    

2018

    

2017

 

Statutory rate

 

21.0

%  

21.0

%  

33.7

%  

State income taxes, net of federal tax benefit

 

2.6

2.6

1.7

Credits

 

(1.5)

(1.3)

(2.5)

Resolution of issues

 

(0.1)

0.5

Domestic manufacturing deduction

 

(1.1)

Excess tax benefits from share-based payments

(0.2)

(0.3)

(0.4)

Effect of Tax Cuts and Jobs Act

(60.8)

Impairment of goodwill

2.3

Impairment losses attributable to noncontrolling interest

1.2

Other changes, net

 

0.7

0.1

(0.2)

 

23.7

%  

22.6

%  

(27.3)

%

Schedule of the tax effects of significant temporary differences that comprise tax balances

    

2019

    

2018

 

Deferred tax assets:

Compensation related costs

$

406

$

350

Lease liabilities

 

1,872

 

81

Closed store reserves

 

55

 

41

Net operating loss and credit carryforwards

 

100

 

110

Deferred Income

172

84

Allowance for uncollectible receivables

93

18

Other

 

9

Subtotal

 

2,698

 

693

Valuation allowance

 

(55)

 

(54)

Total deferred tax assets

 

2,643

 

639

Deferred tax liabilities:

Depreciation and amortization

 

(1,942)

 

(1,850)

Operating lease assets

 

(1,782)

Insurance related costs

(28)

(38)

Inventory related costs

(252)

(257)

Equity investments in excess of tax basis

(94)

(56)

Other

(11)

Total deferred tax liabilities

 

(4,109)

 

(2,201)

Deferred taxes

$

(1,466)

$

(1,562)

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

    

2019

    

2018

    

2017

 

Beginning balance

$

174

$

180

$

177

Additions based on tax positions related to the current year

 

13

 

7

 

11

Reductions based on tax positions related to the current year

 

 

(1)

 

(1)

Additions for tax positions of prior years

 

8

 

23

 

6

Reductions for tax positions of prior years

 

(1)

 

(22)

 

(8)

Settlements

(19)

 

(10)

 

Lapse of statute

(1)

(3)

(5)

Ending balance

$

174

$

174

$

180