Business and Summary of Accounting Policies (Tables)

12 Months Ended

Feb. 03, 2018

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Schedule of fiscal period

The following fiscal periods are presented in this report.

Fiscal year	Ended	Number of Weeks
2017	February 3, 2018		53
2016	January 28, 2017		52
2015	January 30, 2016		52

Property and equipment

Property and equipment consist of the following:

(Dollars in Millions)	Feb 3, 2018				Jan 28, 2017
Land		$	1,115			$	1,118
Buildings and improvements:
Owned			8,062				8,004
Leased			1,813				1,801
Fixtures and equipment			1,700				1,711
Information technology			2,337				1,939
Construction in progress			152				318
Total property and equipment, at cost			15,179				14,891
Less accumulated depreciation and amortization			(7,406	)			(6,788	)
Property and equipment, net		$	7,773			$	8,103

Range of useful lives

The annual provisions for depreciation and amortization generally use the following ranges of useful lives:

Buildings and improvements	5-40 years
Fixtures and equipment	3-15 years
Information technology	3-8 years

Schedule of Restructuring Reserve by Type of Cost

The following table summarizes changes in the store closure and restructure reserve during 2017:

(Dollars in Millions)	Store Lease Obligations			Severance			Total
Balance - January 28, 2017	$	103		$	3		$	106
Payments		(10	)		(3	)		(13	)
Reversals		(6	)		—			(6	)
Balance - February 3, 2018	$	87		$	—		$	87

Accrued Liabilities

Accrued liabilities consist of the following:

(Dollars in Millions)	Feb 3, 2018		Jan 28, 2017
Gift cards and merchandise return cards	$	330	$	329
Sales, property and use taxes		151		183
Payroll and related fringe benefits		173		147
Credit card liabilities		125		67
Other		376		498
Accrued liabilities	$	1,155	$	1,224

Tax Effects of Interest Rate Derivatives in Other Comprehensive (Loss) Income

The tax effects of interest rate derivatives included in other comprehensive income are as follows:

Advertising

Marketing costs, net of related vendor allowances, are as follows:

(Dollars in Millions)	2017				2016				2015
Gross marketing costs		$	1,124			$	1,164			$	1,171
Vendor allowances			(138	)			(148	)			(160	)
Net marketing costs		$	986			$	1,016			$	1,011
Net marketing costs as a percent of net sales			5.2	%			5.4	%			5.3	%

Net income per share

The information required to compute basic and diluted net income per share is as follows:

(Dollars in Millions, Except per Share Data)	2017		2016		2015
Numerator—net income	$	859	$	556	$	673
Denominator—weighted average shares
Basic		167		178		193
Impact of dilutive share-based awards (a)		1		1		2
Diluted		168		179		195
Net income per share:
Basic	$	5.14	$	3.12	$	3.48
Diluted	$	5.12	$	3.11	$	3.46