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Schedule II - Valuation and Qualifying Accounts and Reserves
 12 Months Ended
Jan. 31, 2020
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II - Valuation and Qualifying Accounts and Reserves
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
(In millions)
Balance at beginning of period

 
Charges to costs
and expenses

 
 
 
Deductions

 
 
 
Balance at end of period

 
 
 
 
 
 
 
 
 
 
 
 
January 31, 2020:
 
 
 
 
 
 
 
 
 
 
 
Reserve for loss on obsolete inventory
$
78

 
$
27

 
1 
 
$
—

 
 
 
$
105

Reserve for inventory shrinkage
222

 
533

 
 
 
(511
)
 
2 
 
244

Reserve for sales returns
194

 
—

 
 
 
—

 
 
 
194

Deferred tax valuation allowance
569

 
—

 
 
 
(8
)
 
4 
 
561

Self-insurance liabilities
953

 
1,711

 
 
 
(1,560
)
 
5 
 
1,104

Reserve for exit activities
361

 
—

 
 
 
(273
)
 
7 
 
88

 
 
 
 
 
 
 
 
 
 
 
 
February 1, 2019:
 
 
 
 
 
 
 
 
 
 
 
Reserve for loss on obsolete inventory
$
77

 
$
1

 
1 
 
$
—

 
 
 
$
78

Reserve for inventory shrinkage
212

 
478

 
 
 
(468
)
 
2 
 
222

Reserve for sales returns
71

 
123

 
3 
 
—

 
 
 
194

Deferred tax valuation allowance
475

 
94

 
4 
 
—

 
 
 
569

Self-insurance liabilities
890

 
1,530

 
 
 
(1,467
)
 
5 
 
953

Reserve for exit activities
60

 
384

 
 
 
(83
)
 
6 
 
361

 
 
 
 
 
 
 
 
 
 
 
 
February 2, 2018:
 
 
 
 
 
 
 
 
 
 
 
Reserve for loss on obsolete inventory
$
59

 
$
18

 
1 
 
$
—

 
 
 
$
77

Reserve for inventory shrinkage
189

 
456

 
 
 
(433
)
 
2 
 
212

Reserve for sales returns
71

 
—

 
 
 
—

 
 
 
71

Deferred tax valuation allowance
578

 
—

 
 
 
(103
)
 
4 
 
475

Self-insurance liabilities
831

 
1,547

 
 
 
(1,488
)
 
5 
 
890

Reserve for exit activities
66

 
19

 
 
 
(25
)
 
6 
 
60

1 
Represents the net increase in the required reserve based on the Company’s evaluation of obsolete inventory.
2 
Represents the actual inventory shrinkage experienced at the time of physical inventories.
3 
Represents the net increase in the required reserve based on the Company’s evaluation of anticipated merchandise returns. The Company adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606), effective February 3, 2018. Under ASU 2014-09, the sales returns reserve is presented on a gross basis, with a separate asset and liability in the consolidated balance sheet. Reporting periods prior to the adoption of ASU 2014-09 reflect the sales returns reserve on a net basis. For fiscal year 2018, the net increase in the reserve is primarily due to the change from net presentation to gross presentation related to the adoption of the revenue recognition standard, as well as changes in the Company’s evaluation of anticipated merchandise returns.
4 
Represents an increase/(decrease) in the required reserve based on the Company’s evaluation of deferred tax assets.
5 
Represents claim payments for self-insured claims.
6 
Represents lease payments, net of sublease income.
7 
Primarily represents the elimination of exit activity reserves related to rent liabilities upon adoption of ASU 2016-02, Leases (Topic 842), as of February 2, 2019.