Income Taxes (Tables)

12 Months Ended

Feb. 01, 2020

Income Tax Disclosure [Abstract]

Schedule of Components of Deferred Income Taxes

Deferred income taxes consist of the following:

	Feb 1, 2020			Feb 2, 2019
(Dollars in Millions)
Deferred tax liabilities:
Property and equipment	$	611		$	756
Lease assets		816				—
Merchandise inventories		76			73
Total deferred tax liabilities			1,503		829
Deferred tax assets:
Lease obligations			1,110		425
Accrued and other liabilities, including stock-based compensation		121			136
Accrued step rent liability			—		79
Federal benefit on state tax reserves		30			29
Total deferred tax assets			1,261		669
Net deferred tax liability	$	242		$	160

Schedule of Components of Provision for Income Taxes

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

(Dollars in Millions)		2019				2018				2017
Current federal	$		128		$		229		$		299
Current state			31				43				26
Deferred federal			60				(36	)			(86	)
Deferred state			(9	)			5				19
Provision for income taxes	$		210		$		241		$		258

Schedule of Items Affecting Statutory Corporate Tax Rate

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

	2019			2018			2017
Provision at statutory rate		21.0	%		21.0	%		33.7	%
State income taxes, net of federal tax benefit		3.2			3.8			1.0
Re-measurement of deferred tax assets and liabilities		—			—			(10.9	)
Other federal tax credits		(1.2	)		(1.0	)		(0.7	)
Other		0.3			(0.6	)		—
Provision for income taxes		23.3	%		23.2	%		23.1	%

Schedule of Reconciliation of Gross Amount of Unrecognized Tax Benefits

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

(Dollars in Millions)		2019				2018
Balance at beginning of year	$		133		$		135
Increases due to tax positions taken in prior years			7			—
Increases due to tax positions taken in current year			12				13
Decreases due to:
Tax positions taken in prior years			(14	)			(3	)
Settlements with taxing authorities			—				(3	)
Lapse of applicable statute of limitations			(3	)			(9	)
Balance at end of year	$		135		$		133