Annual report pursuant to Section 13 and 15(d)

Income Taxes (Components of Deferred Tax Assets/(Liabilities)) (Details)

v3.8.0.1
Income Taxes (Components of Deferred Tax Assets/(Liabilities)) (Details) - USD ($)
$ in Millions
12 Months Ended
Feb. 03, 2018
Jan. 28, 2017
Income Tax Disclosure [Abstract]    
Merchandise inventory $ 10 $ 27
Accrued vacation pay 8 17
Gift cards 57 98
Stock-based compensation 30 58
State taxes 5 12
Workers’ compensation/general liability 44 74
Accrued rent 26 39
Litigation exposure 3 16
Mirror savings plan 8 13
Pension and other retiree obligations 34 76
Net operating loss and tax credit carryforwards 719 931
Other 48 77
Total deferred tax assets 992 1,438
Valuation allowance (767) (993)
Total net deferred tax assets 225 445
Depreciation and amortization (310) (561)
Tax benefit transfers (31) (53)
Long-lived intangible assets (27) (35)
Total deferred tax liabilities (368) (649)
Total net deferred tax liabilities $ (143) $ (204)
Operating Loss Carryforwards, Expiration Dates The Company has a federal net operating loss (NOL) of $2.1 billion and $58 million of tax credit carryforwards as of February 3, 2018. These NOL carryforwards (expiring in 2032 through 2034) arose prior to December 31, 2017 and are available to offset future taxable income. The Company may recognize additional NOLs in the future which, under the Tax Act, would not expire but would only be available to offset up to 80% of the Company’s future taxable income.