Taxes On Earnings (Policy)

3 Months Ended

May 04, 2013

Income Tax Expense (Benefit) [Abstract]

Taxes On Earnings

As of May 4, 2013 and April 28, 2012, the reserves for unrecognized tax benefits were $87.6 million and $68.0 million inclusive of $18.4 million and $16.7 million of related interest and penalties, respectively. The Company accounts for interest and penalties related to unrecognized tax benefits as a part of its provision for taxes on earnings. If recognized, $44.2 million would impact the Company’s effective tax rate. The difference between the total amount of unrecognized tax benefits and the amounts that would impact the effective tax rate relates to amounts attributable to deferred income tax assets and liabilities. These amounts are net of federal and state income taxes.