Income Taxes (Tables)

12 Months Ended

Feb. 02, 2013

Income Tax Disclosure [Abstract]

Components Of Income Tax Expense

Income tax expense consists of the following:

Fiscal year	2012		2011			2010
Current income taxes:
Federal		$362		$359			$324
State and local	66		63			52
Total current income tax expense	428		422			376
Deferred income taxes:
Federal	21		20			4
State and local	1		(6		)	(2		)
Total deferred income tax expense	22		14			2
Total income tax expense		$450		$436			$378

Reconciliation Of Statutory To Effective Tax Rate

A reconciliation of the statutory federal income tax rate to the effective tax rate on earnings before income taxes is as follows:

Fiscal year	2012		2011		2010
Statutory rate	35.0	%	35.0	%	35.0	%
State and local income taxes, net of federal income taxes	3.6		3.6		3.4
Non-taxable acquisition-related items	—		0.6		—
Other, net	(0.6	)	(0.2	)	(0.2	)
Effective tax rate	38.0	%	39.0	%	38.2	%

Components Of Deferred Tax Assets And Liabilities

The major components of deferred tax assets and liabilities are as follows:

	February 2, 2013			January 28, 2012
Compensation and benefits accruals		$177			$167
Allowance for sales returns	51			45
Accrued expenses	43			41
Merchandise inventories	24			22
Gift cards and gift certificates	18			17
Loyalty reward certificates	22			17
Allowance for credit losses	33			45
Federal benefit of state taxes	7			6
Gain on sale of interest rate swap	24			29
Other	13			17
Total deferred tax assets	412			406
Land, buildings and equipment basis and depreciation differences	(90		)	(63		)
Total deferred tax liabilities	(90		)	(63		)
Net deferred tax assets		$322			$343

Reconciliation Of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits for 2012, 2011 and 2010 is as follows:

Fiscal year	2012			2011			2010
Unrecognized tax benefit at beginning of year		$21			$43			$43
Gross increase to tax positions in prior periods	1			14			3
Gross decrease to tax positions in prior periods	(7		)	(14		)	(3		)
Gross increase to tax positions in current period	1			2			3
Settlements	(1		)	(24		)	(3		)
Unrecognized tax benefit at end of year		$15			$21			$43