2.2.0.25falsefalse11701 - Disclosure - Real Estate and Other, Nettruefalsefalse1falsefalseUSDfalsefalse1/31/2010 - 1/29/2011
USD ($)
USD ($) / shares
$Duration_1_31_2010_To_1_29_2011http://www.sec.gov/CIK0001166126duration2010-01-31T00:00:002011-01-29T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Standardhttp://www.xbrl.org/2003/instancepurexbrli0Unit1Standardhttp://www.xbrl.org/2003/instancesharesxbrli0Unit14Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$5false0jcp_OtherOperatingExpenseIncomeTextBlockjcpfalsenadurationOther Operating Expense Income Text Blockfalsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel| 1falsefalsefalse00<div> <b><i><font class="_mt" style="color: black;"><font class="_mt" style="font-size: 10pt;">
</font></font></i></b>
<div><font class="_mt" style="font-size: 9pt;">
</font>
<div>
<p style="font-size: 12pt; margin: 9pt 0in 0pt; font-family: 'Times New Roman','serif';"><b>15) </b><b><u>Real Estate and Other, Net </u></b></p>
<p style="font-size: 12pt; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 9pt;"> </font> </p>
<div align="center">
<table class="MsoNormalTable" style="font-size: 10pt; width: 101.2%; font-family: 'Times New Roman','serif'; border-collapse: collapse;" cellspacing="0" cellpadding="0" width="101%" border="0">
<tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 208.75pt; padding-top: 0in;" width="278">
<p class="MsoNormal" style="font-size: 12pt; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif';"> </p></td>
<td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 93.75pt; padding-top: 0in;" width="125">
<p class="MsoNormal" style="font-size: 12pt; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif';"> </p></td>
<td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 103.75pt; padding-top: 0in;" width="138">
<p class="MsoNormal" style="font-size: 12pt; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif';"> </p></td>
<td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 103.75pt; padding-top: 0in;" width="138">
<p class="MsoNormal" style="font-size: 12pt; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif';"> </p></td></tr>
<tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 208.75pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="278">
<p style="font-size: 12pt; margin: 0in 0in 0.75pt; font-family: 'Times New Roman','serif';"><i><font class="_mt" style="font-size: 10pt;">($ in millions)</font></i></p></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 93.75pt; padding-top: 0in;" valign="bottom" width="125">
<p class="MsoNormal" style="font-size: 12pt; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">2010</font></b> </p>
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; font-size: 4pt; padding-bottom: 0in; margin: 1pt 0in 0pt; border-left: medium none; line-height: 1pt; padding-top: 0in; border-bottom: medium none; font-family: 'Times New Roman','serif'; text-align: center;"> </p></div></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 103.75pt; padding-top: 0in;" valign="bottom" width="138">
<p class="MsoNormal" style="font-size: 12pt; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">2009</font></b> </p>
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; font-size: 4pt; padding-bottom: 0in; margin: 1pt 0in 0pt; border-left: medium none; line-height: 1pt; padding-top: 0in; border-bottom: medium none; font-family: 'Times New Roman','serif'; text-align: center;"> </p></div></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 103.75pt; padding-top: 0in;" valign="bottom" width="138">
<p class="MsoNormal" style="font-size: 12pt; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">2008</font></b> </p>
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; font-size: 4pt; padding-bottom: 0in; margin: 1pt 0in 0pt; border-left: medium none; line-height: 1pt; padding-top: 0in; border-bottom: medium none; font-family: 'Times New Roman','serif'; text-align: center;"> </p></div></td></tr>
<tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 208.75pt; padding-top: 0in;" valign="top" width="278">
<p style="font-size: 12pt; margin-left: 12pt; text-indent: -12pt; margin-right: 0in; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;">Real estate activities</font></p></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 93.75pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="125">
<p style="font-size: 12pt; margin: 0in 0in 0.75pt; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;">$ (34)</font></p></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 103.75pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="138">
<p style="font-size: 12pt; margin: 0in 0in 0.75pt; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;">$ (34 )</font></p></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 103.75pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="138">
<p style="font-size: 12pt; margin: 0in 0in 0.75pt; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;">$ (39 )</font></p></td></tr>
<tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 208.75pt; padding-top: 0in;" valign="top" width="278">
<p style="font-size: 12pt; margin-left: 12pt; text-indent: -12pt; margin-right: 0in; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;">Net gains from sale of real estate</font></p></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 93.75pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="125">
<p style="font-size: 12pt; margin: 0in 0in 0.75pt; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;"> (8)</font></p></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 103.75pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="138">
<p style="font-size: 12pt; margin: 0in 0in 0.75pt; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;"> (2 )</font></p></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 103.75pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="138">
<p style="font-size: 12pt; margin: 0in 0in 0.75pt; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;"> (10 )</font></p></td></tr>
<tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 208.75pt; padding-top: 0in;" valign="top" width="278">
<p style="font-size: 12pt; margin-left: 12pt; text-indent: -12pt; margin-right: 0in; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;">Impairments</font></p></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 93.75pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="125">
<p style="font-size: 12pt; margin: 0in 0in 0.75pt; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;"> 3</font></p></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 103.75pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="138">
<p style="font-size: 12pt; margin: 0in -4.15pt 0.75pt 0in; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;"> 42 </font></p></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 103.75pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="138">
<p style="font-size: 12pt; margin: 0in 0in 0.75pt; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;"> 21 </font></p></td></tr>
<tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 208.75pt; padding-top: 0in;" valign="top" width="278">
<p style="font-size: 12pt; margin-left: 12pt; text-indent: -12pt; margin-right: 0in; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;">Restructuring charges</font></p></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 93.75pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="125">
<p style="font-size: 12pt; margin: 0in 0in 0.75pt; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;"> 32</font></p></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 103.75pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="138">
<p style="font-size: 12pt; margin: 0in 0in 0.75pt; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;"> -</font></p></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 103.75pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="138">
<p style="font-size: 12pt; margin: 0in 0in 0.75pt; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;"> -</font></p></td></tr>
<tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 208.75pt; padding-top: 0in;" valign="top" width="278">
<p style="font-size: 12pt; margin-left: 12pt; text-indent: -12pt; margin-right: 0in; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;">Other</font></p></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 93.75pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="125">
<p style="font-size: 12pt; margin: 0in 0in 0.75pt; font-family: 'Times New Roman','serif'; text-align: center;" align="center"><font class="_mt" style="font-size: 10pt;"> 11</font></p></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 103.75pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="138">
<p style="font-size: 12pt; margin: 0in 0in 0.75pt; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;"> (1) </font></p></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 103.75pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="138">
<p style="font-size: 12pt; margin: 0in 0in 0.75pt; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;"> 3 </font></p></td></tr>
<tr><td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 208.75pt; padding-top: 0in;" valign="bottom" width="278">
<p class="la2" style="font-size: 4pt; margin: 0in 0in 0pt; line-height: 2pt; font-family: 'Times New Roman','serif';"> </p></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 93.75pt; padding-top: 0in;" valign="bottom" width="125">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; font-size: 4pt; padding-bottom: 0in; margin: 1pt 0in 0pt; border-left: medium none; line-height: 1pt; padding-top: 0in; border-bottom: medium none; font-family: 'Times New Roman','serif'; text-align: center;"> </p></div></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 103.75pt; padding-top: 0in;" valign="bottom" width="138">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; font-size: 4pt; padding-bottom: 0in; margin: 1pt 0in 0pt; border-left: medium none; line-height: 1pt; padding-top: 0in; border-bottom: medium none; font-family: 'Times New Roman','serif'; text-align: center;"> </p></div></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 103.75pt; padding-top: 0in;" valign="bottom" width="138">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; font-size: 4pt; padding-bottom: 0in; margin: 1pt 0in 0pt; border-left: medium none; line-height: 1pt; padding-top: 0in; border-bottom: medium none; font-family: 'Times New Roman','serif'; text-align: center;"> </p></div></td></tr>
<tr><td style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 208.75pt; padding-top: 0in;" valign="top" width="278">
<p style="font-size: 12pt; margin-left: 12pt; text-indent: -12pt; margin-right: 0in; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;">Total expense/(income)</font></p></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 93.75pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="125">
<p style="font-size: 12pt; margin: 0in 0in 0.75pt; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;">$ 4</font></p></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 103.75pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="138">
<p style="font-size: 12pt; margin: 0in 0in 0.75pt; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;">$ 5</font></p></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 103.75pt; padding-top: 0in;" valign="bottom" nowrap="nowrap" width="138">
<p style="font-size: 12pt; margin: 0in 0in 0.75pt; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;">$ (25 )</font></p></td></tr>
<tr><td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 208.75pt; padding-top: 0in;" valign="bottom" width="278">
<p class="la2" style="font-size: 4pt; margin: 0in 0in 0pt; line-height: 2pt; font-family: 'Times New Roman','serif';"> </p></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 93.75pt; padding-top: 0in;" valign="bottom" width="125">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 3px double; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrddoublerule" style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; font-size: 4pt; padding-bottom: 0in; margin: 1pt 0in 0pt; border-left: medium none; line-height: 1pt; padding-top: 0in; border-bottom: medium none; font-family: 'Times New Roman','serif'; text-align: center;"> </p></div></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 103.75pt; padding-top: 0in;" valign="bottom" width="138">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 3px double; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrddoublerule" style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; font-size: 4pt; padding-bottom: 0in; margin: 1pt 0in 0pt; border-left: medium none; line-height: 1pt; padding-top: 0in; border-bottom: medium none; font-family: 'Times New Roman','serif'; text-align: center;"> </p></div></td>
<td style="padding-right: 0in; padding-left: 0.1in; padding-bottom: 0in; width: 103.75pt; padding-top: 0in;" valign="bottom" width="138">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 3px double; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrddoublerule" style="border-right: medium none; padding-right: 0in; border-top: medium none; padding-left: 0in; font-size: 4pt; padding-bottom: 0in; margin: 1pt 0in 0pt; border-left: medium none; line-height: 1pt; padding-top: 0in; border-bottom: medium none; font-family: 'Times New Roman','serif'; text-align: center;"> </p></div></td></tr></table></div>
<p style="font-size: 12pt; margin: 9pt 0in 0pt; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;">Real estate and other consists mainly of ongoing operating income from our real estate subsidiaries whose primary investments are in REITs, as well as investments in 14 joint ventures that own regional mall properties, six as general partner and eight as limited partner. Real estate and other also includes net gains from the sale of facilities and equipment that are no longer used in Company operations, asset impairments and other non-operating corporate charges and credits. </font></p>
<p style="font-size: 12pt; margin: 9pt 0in 0pt; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;">In 2010, impairment charges totaled $<font class="_mt">3</font> million and were primarily related to one store that will continue to operate. In 2009, impairment charges totaled $<font class="_mt">42</font> million and were primarily related to seven underperforming department stores and other corporate assets. Included in the $42 million was an impairment charge of $<font class="_mt">3</font> million relating to a corporate asset that was disposed of by year-end. In 2008, impairment charges of $<font class="_mt">21</font> million were primarily related to a department store, a real estate joint venture and other corporate assets. </font></p>
<p style="font-size: 12pt; margin: 9pt 0in 0pt; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;">In 2010, real estate and other included $<font class="_mt">32</font> million of initial restructuring charges related mainly to the wind down of our catalog and outlet operations and the streamlining of call center operations and custom decorating business. </font></p>
<p style="font-size: 12pt; margin: 9pt 0in 0pt; font-family: 'Times New Roman','serif';"><font class="_mt" style="font-size: 10pt;">In 2010, other expenses of $<font class="_mt">11</font> million included legal and other advisory costs related to the Company's evaluation of capital restructuring alternatives. </font></p></div></div> </div>15) Real Estate and Other, Net
($ in millions)
2010
2009
2008
Realfalsefalsefalsefalsefalse | Otherus-types:textBlockItemTypestringOther Operating Expense Income Text BlockNo authoritative reference available.falsefalse
11Real Estate and Other, NetUnKnownUnKnownUnKnownUnKnownfalsetrue