Income Taxes (Narrative) (Details) - USD ($) |
3 Months Ended | 6 Months Ended | ||
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Aug. 01, 2020 |
Aug. 03, 2019 |
Aug. 01, 2020 |
Aug. 03, 2019 |
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Income Tax Contingency [Line Items] | ||||
Income tax expense/(benefit) | $ 7,000,000 | $ (5,000,000) | $ 67,000,000 | $ (6,000,000) |
Income tax benefit due to release of valuation allowance | 9,000,000 | 65,000,000 | ||
Deferred State and Local Income Tax Expense (Benefit) | 3,000,000 | |||
Net operating loss carryforwards | 2,500,000,000 | 2,500,000,000 | ||
Federal unused interest deductions that do not expire subject to interest limitation | 383,000,000 | 383,000,000 | ||
Deferred Tax Asset, Interest Carryforward | 389,000,000 | 389,000,000 | ||
Tax credit carryforwards | 76,000,000 | $ 76,000,000 | ||
Valuation allowance, methodologies and assumptions | In assessing the need for the valuation allowance, we considered both positive and negative evidence related to the likelihood of realization of the deferred tax assets. As a result of our periodic assessment, our estimate of the realization of deferred tax assets is solely based on the future reversals of existing taxable temporary differences and tax planning strategies that we would make use of to accelerate taxable income to utilize expiring NOL and tax credit carryforwards. | |||
Increase to tax valuation allowance for deferred tax assets | 112,000,000 | |||
Federal, State And Foreign | ||||
Income Tax Contingency [Line Items] | ||||
State and foreign tax expenses | (1,000,000) | $ (1,000,000) | ||
Amortization of certain indefinite lived intangible assets | ||||
Income Tax Contingency [Line Items] | ||||
State and foreign tax expenses | (1,000,000) | (2,000,000) | ||
Federal tax authority | ||||
Income Tax Contingency [Line Items] | ||||
Valuation allowance | 786,000,000 | 786,000,000 | ||
State Tax Authority | ||||
Income Tax Contingency [Line Items] | ||||
Valuation allowance | $ 268,000,000 | $ 268,000,000 |
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- Definition Federal unused interest deductions that do not expire subject to interest limitation No definition available.
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- Definition Income tax benefit due to release of valuation allowance No definition available.
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- Definition Amount of deferred state and local tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible interest carryforward. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of other income tax expense (benefit). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of the tax credit carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in the valuation allowance for a specified deferred tax asset. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Describes the methodologies and assumptions on which the valuation allowance is based for deferred tax assets for which it is more likely than not that all or a portion of the deferred tax asset will not be realized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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