Annual report pursuant to Section 13 and 15(d)

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

v3.20.1
Income Taxes (Components of Deferred Tax Assets/(Liabilities)) (Details) - USD ($)
$ in Millions
12 Months Ended
Feb. 01, 2020
Feb. 02, 2019
Feb. 03, 2018
Income Tax Disclosure [Abstract]      
Merchandise inventory $ 7 $ 4  
Accrued vacation pay 8 8  
Gift cards 36 35  
Stock-based compensation 18 19  
State taxes 1 3  
Workers’ compensation/general liability 38 41  
Accrued rent 0 27  
Litigation exposure 1 2  
Interest expense limitation 83 48  
Mirror savings plan 7 7  
Pension and other retiree obligations 4 1  
Deferred tax asset, Operating lease liabilities 299 0  
Net operating loss and tax credit carryforwards 710 707  
Other 56 52  
Total deferred tax assets 1,268 954  
Valuation allowance (869) (802)  
Total net deferred tax assets 399 152  
Depreciation and amortization (193) (223)  
Tax benefit transfers (26) (29)  
Long-lived intangible assets (36) (31)  
Total deferred tax liabilities (515) (283)  
Total net deferred tax liabilities $ (116) (131)  
Operating Loss Carryforwards, Expiration Dates The Company has federal net operating loss (NOL) carryforwards of $2.1 billion and $76 million of federal tax credit carryforwards as of February 1, 2020 that expire in 2032 through 2034. These NOL carryforwards 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.    
Interest Limitation Interest Limitation: The Tax Act limits the Company’s interest deduction to 30% of tax earnings before interest, tax, depreciation and amortization beginning in 2018 through 2021. Thereafter, the interest deduction is limited to 30% of tax earnings before interest and taxes. Any disallowed interest in a year becomes a separate deferred tax asset with an indefinite carryforward period that can be utilized by the Company in a future tax year by an amount equal to its interest limitation in excess of its interest expense for that year.    
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued $ 2 1 $ 1
Unrecognized Tax Benefits that Would Impact Effective Tax Rate 33    
Deferred tax liability, Operating lease assets $ (260) $ 0