Income Taxes (Tables)

12 Months Ended

Jan. 30, 2016

Income Tax Disclosure [Abstract]

Deferred income taxes

Deferred income taxes consist of the following:

	Jan 30, 2016		Jan 31, 2015
	(Dollars in Millions)
Deferred tax liabilities:
Property and equipment	$	1,319	$	1,385
Deferred tax assets:
Merchandise inventories	24		24
Accrued and other liabilities, including stock-based compensation	151		168
Capital lease and financing obligations	752		773
Accrued step rent liability	106		100
Unrealized loss on interest rate swap	11		13
Federal benefit on state tax reserves	45		41
	1,089		1,119
Net deferred tax liability	$	230	$	266

Components of the provision for income tax

The components of the provision for income taxes were as follows:

	2015			2014			2013
	(Dollars in Millions)
Current federal	$	397		$	400		$	473
Current state	34			36			45
Deferred federal	(35		)	48			6
Deferred state	(12		)	(2		)	(9		)
	$	384		$	482		$	515

Items affecting statutory corporate tax rate

The provision for income taxes differs from the amount that would be provided by applying the statutory U.S. corporate tax rate due to the following items:

	2015		2014		2013
Provision at statutory rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal tax benefit	2.1		1.3		2.2
Tax-exempt interest income	—		—		(0.2	)
Other federal tax credits	(0.8	)	(0.6	)	(0.3	)
Provision for income taxes	36.3	%	35.7	%	36.7	%

Reconciliation of gross amount of unrecognized tax benefits

A reconciliation of the beginning and ending gross amount of unrecognized tax benefits is as follows:

	2015			2014
	(Dollars in Millions)
Balance at beginning of year	$	123		$	125
Increases due to:
Tax positions taken in prior years	16			—
Tax positions taken in current year	19			21
Decreases due to:
Tax positions taken in prior years	(6		)	(16		)
Settlements with taxing authorities	(10		)	(2		)
Lapse of applicable statute of limitations	(3		)	(5		)
Balance at end of year	$	139		$	123