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TAXES BASED ON INCOME (Tables)
12 Months Ended
Jan. 28, 2023
TAXES BASED ON INCOME  
Schedule of provision for taxes based on income

    

2022

    

2021

    

2020

 

Federal

Current

$

401

$

349

$

577

Deferred

 

162

 

(46)

 

75

Subtotal federal

 

563

 

303

 

652

State and local

Current

 

91

 

67

 

133

Deferred

 

(1)

 

15

 

(3)

Subtotal state and local

 

90

 

82

 

130

Total

$

653

$

385

$

782

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

    

2022

    

2021

    

2020

 

Statutory rate

 

21.0

%  

21.0

%  

21.0

%  

State income taxes, net of federal tax benefit

 

2.5

3.2

3.0

Credits

 

(0.8)

(1.3)

(0.7)

Resolution of tax audit examinations

 

(0.2)

(3.1)

Excess tax benefits from share-based payments

(1.9)

(1.3)

(0.8)

Impairment of goodwill related to Vitacost.com

1.2

Non-deductible executive compensation

0.5

0.6

0.3

Other changes, net

 

0.2

(0.3)

0.4

 

22.5

%  

18.8

%  

23.2

%

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

    

2022

    

2021

 

Deferred tax assets:

Compensation related costs

$

409

$

560

Lease liabilities

 

1,892

 

1,926

Closed store reserves

 

51

 

46

Unrealized losses on hedging instruments

 

74

 

Net operating loss and credit carryforwards

 

101

 

98

Deferred income

104

126

Allowance for uncollectible receivables

26

36

Other

13

 

25

Subtotal

 

2,670

 

2,817

Valuation allowance

 

(83)

 

(72)

Total deferred tax assets

 

2,587

 

2,745

Deferred tax liabilities:

Depreciation and amortization

 

(1,954)

 

(2,006)

Operating lease assets

 

(1,759)

(1,790)

Insurance related costs

(257)

(54)

Inventory related costs

(281)

(310)

Equity investments in excess of tax basis

(8)

(147)

Total deferred tax liabilities

 

(4,259)

 

(4,307)

Deferred taxes

$

(1,672)

$

(1,562)

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

    

2022

    

2021

    

2020

 

Beginning balance

$

100

$

193

$

174

Additions based on tax positions related to the current year

 

8

 

10

 

7

Additions for tax positions of prior years

 

6

 

9

 

16

Reductions for tax positions of prior years

 

(4)

 

(108)

 

Settlements

(9)

 

 

Lapse of statute

(8)

(4)

(4)

Ending balance

$

93

$

100

$

193