Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Tables)

12 Months Ended

Feb. 02, 2019

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

The cumulative effect of the changes made to our Condensed Consolidated Balance Sheets on February 4, 2018, for the adoption of this standard was as follows ($ in millions):



	February 3, 2018 As Reported		ASU 2014-09 Adjustment on February 4, 2018			February 4, 2018 Adjusted
Assets
Other assets	$	374	$	(19	)	$	355
Liabilities
Unredeemed gift card liabilities	385		(69		)	316
Deferred revenue	453		(26		)	427
Accrued liabilities	1,001		3			1,004
Equity
Retained earnings	3,270		73			3,343

The following tables reflect the impact of adopting this standard on our Consolidated Balance Sheets as of February 2, 2019, and our Consolidated Statements of Earnings for the fiscal year ended February 2, 2019 ($ in millions, except per share amounts):



	February 2, 2019
Impact of Changes to Consolidated Balance Sheets	As Reported		Balances without Adoption of ASU 2014-09		Effect of Change Higher/(Lower)⁽¹⁾
Assets
Other current assets	$	466	$	410	$	56
Other assets	606		625		(19		)
Liabilities
Unredeemed gift card liabilities	290		352		(62		)
Deferred revenue	446		470		(24		)
Accrued liabilities	982		923		59
Equity
Retained earnings	2,985		2,921		64


(1)	Effect of change includes the opening retained earnings adjustment as detailed within the table above.



	Fiscal Year Ended February 2, 2019
Impact of Changes to Consolidated Statements of Earnings	As Reported		Balances without Adoption of ASU 2014-09		Effect of Change Higher/(Lower)
Revenue	$	42,879	$	42,830	$	49
Cost of goods sold	32,918		32,860		58
Gross profit	9,961		9,970		(9		)
Operating income	1,900		1,909		(9		)
Income tax expense	424		426		(2		)
Net earnings	1,464		1,471		(7		)

Basic earnings per share	$	5.30	$	5.32	$	(0.02	)
Diluted earnings per share	$	5.20	$	5.23	$	(0.03	)

Schedule of Cash and Cash Equivalents [Table Text Block]

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within our Consolidated Balance Sheets to the total shown within our Consolidated Statements of Cash Flows ($ in millions):



	February 2, 2019		February 3, 2018		January 28, 2017
Cash and cash equivalents	$	1,980	$	1,101	$	2,240
Restricted cash included in Other current assets	204		199		193
Total cash, cash equivalents and restricted cash	$	2,184	$	1,300	$	2,433

Property, Plant and Equipment [Table Text Block]

Estimated useful lives by major asset category are as follows:



Asset	Life (in years)
Buildings	5-35
Leasehold improvements	2-10
Fixtures and equipment	2-15
Property under capital and financing leases	3-7

Schedule of Goodwill [Table Text Block]

The following table provides the gross carrying amount of goodwill and cumulative goodwill impairment as of February 2, 2019, and February 3, 2018 ($ in millions):



	February 2, 2019					February 3, 2018
	Gross Carrying Amount		Cumulative Impairment			Gross Carrying Amount		Cumulative Impairment
Goodwill	$	1,590	$	(675	)	$	1,100	$	(675	)

Schedule of Finite-Lived Intangible Assets [Table Text Block]

The following table provides the gross carrying amount and related accumulated amortization of definite-lived intangible assets as of February 2, 2019 ($ in millions):



	February 2, 2019
	Gross Carrying Amount		Accumulated Amortization
Customer relationships	$	258	$	16
Tradename	63		3
Developed technology	52		4
Total	$	373	$	23

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

The following table provides the amortization expense expected to be recognized in future periods ($ in millions):



Fiscal Year	Amortization Expense
2020	$	68
2021	68
2022	67
2023	67
2024	48
Thereafter	32

Schedule of Self Insurance Liability [Table Text Block]

Our self-insured liabilities included in our Consolidated Balance Sheets were as follows ($ in millions):



	February 2, 2019		February 3, 2018
Accrued liabilities	$	69	$	67
Long-term liabilities	60		64
Total	$	129	$	131

Schedule of Primary Costs, Classified in Each Major Expense Category [Table Text Block]

The following table illustrates the primary costs classified in each major expense category:



Cost of Goods Sold
•	Cost of products sold, including:
	—	Freight expenses associated with moving merchandise inventories from our vendors to our distribution centers;
	—	Vendor allowances that are not a reimbursement of specific, incremental and identifiable costs; and
	—	Cash discounts on payments to merchandise vendors;
•	Cost of services provided, including:
	—	Payroll and benefit costs for services employees; and
	—	Cost of replacement parts and related freight expenses;
•	Physical inventory losses;
•	Markdowns;
•	Customer shipping and handling expenses;
•	Costs associated with operating our distribution network, including payroll and benefit costs, occupancy costs and depreciation; and
•	Freight expenses associated with moving merchandise inventories from our distribution centers to our retail stores.



Selling, General and Administrative Expenses
•		Payroll and benefit costs for retail and corporate employees;
•		Occupancy and maintenance costs of retail, services and corporate facilities;
•		Depreciation and amortization related to retail, services and corporate assets;
•		Advertising costs;
•		Vendor allowances that are a reimbursement of specific, incremental and identifiable costs;
•		Tender costs, including bank charges and costs associated with credit and debit card interchange fees;
•		Charitable contributions;
•		Outside and outsourced service fees;
•		Long-lived asset impairment charges; and
•		Other administrative costs, such as supplies, travel and lodging.