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TAXES BASED ON INCOME (Tables)
12 Months Ended
Jan. 29, 2022
TAXES BASED ON INCOME  
Schedule of provision for taxes based on income

    

2021

    

2020

    

2019

 

Federal

Current

$

349

$

577

$

454

Deferred

 

(46)

 

75

 

(50)

Subtotal federal

 

303

 

652

 

404

State and local

Current

 

67

 

133

 

70

Deferred

 

15

 

(3)

 

(5)

Subtotal state and local

 

82

 

130

 

65

Total

$

385

$

782

$

469

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

    

2021

    

2020

    

2019

 

Statutory rate

 

21.0

%  

21.0

%  

21.0

%  

State income taxes, net of federal tax benefit

 

3.2

3.0

2.6

Credits

 

(1.3)

(0.7)

(1.5)

Resolution of tax audit examinations

 

(3.1)

(0.1)

Excess tax benefits from share-based payments

(1.3)

(0.8)

(0.2)

Impairment losses attributable to noncontrolling interest

1.2

Non-deductible executive compensation

0.6

0.3

0.3

Other changes, net

 

(0.3)

0.4

0.4

 

18.8

%  

23.2

%  

23.7

%

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

    

2021

    

2020

 

Deferred tax assets:

Compensation related costs

$

560

$

766

Lease liabilities

 

1,926

 

1,932

Closed store reserves

 

46

 

38

Net operating loss and credit carryforwards

 

98

 

86

Deferred income

126

149

Allowance for uncollectible receivables

36

23

Other

25

 

46

Subtotal

 

2,817

 

3,040

Valuation allowance

 

(72)

 

(53)

Total deferred tax assets

 

2,745

 

2,987

Deferred tax liabilities:

Depreciation and amortization

 

(2,006)

 

(2,115)

Operating lease assets

 

(1,790)

(1,794)

Insurance related costs

(54)

Inventory related costs

(310)

(264)

Equity investments in excess of tax basis

(147)

(356)

Total deferred tax liabilities

 

(4,307)

 

(4,529)

Deferred taxes

$

(1,562)

$

(1,542)

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

    

2021

    

2020

    

2019

 

Beginning balance

$

193

$

174

$

174

Additions based on tax positions related to the current year

 

10

 

7

 

13

Additions for tax positions of prior years

 

9

 

16

 

8

Reductions for tax positions of prior years

 

(108)

 

 

(1)

Settlements

 

 

(19)

Lapse of statute

(4)

(4)

(1)

Ending balance

$

100

$

193

$

174