Income Taxes (Tables)
 12 Months Ended
Feb. 02, 2013
Income Taxes [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

($ in millions)

  

 

2012

 

 

2011

 

 

2010

Current

  

 

 

 

 

 

 

 

 

Federal and foreign

  

$
(95)

 

$
60 

 

$
92 

State and local

  

 
79 

 

 
16 

 

 
(4)

Total current

  

 
(16)

 

 
76 

 

 
88 

Deferred

  

 

 

 

 

 

 

 

 

Federal and foreign

  

 
(465)

 

 
(130)

 

 
92 

State and local

  

 
(70)

 

 
(23)

 

 
23 

Total deferred

  

 
(535)

 

 
(153)

 

 
115 

Total

  

$
(551)

 

$
(77)

 

$
203 

 

  

 

 

 

 

 

 

 

 

 

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(percent of pre-tax income/(loss))

  

 

2012

 

 

2011

 

 

2010

Federal income tax at statutory rate

  

 

(35.0)%

 

 

(35.0)%

 

 
35.0% 

State and local income tax, less federal income tax benefit

  

 
(3.7)

 

 
(1.8)

 

 
2.1 

State valuation allowance, less federal income tax benefit

 

 
4.3 

 

 

 -

 

 

 -

Tax effect of dividends on ESOP shares

  

 
(0.1)

 

 
(1.9)

 

 
(0.8)

Non-deductible management transition costs

  

 

 -

 

 
11.3 

 

 

 -

Wage credits

  

 
(0.3)

 

 
(5.2)

 

 
(1.1)

Other permanent differences and credits

  

 
(1.1)

 

 
(1.0)

 

 
(0.3)

Effective tax rate for continuing operations

  

 

(35.9)%

 

 

(33.6)%

 

 
34.9% 

 

  

 

 

 

 

 

 

 

 

 

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

($ in millions)

 

2012

 

 

2011

Assets

 

 

 

 

 

Merchandise inventory

$
42 

 

$
102 

Accrued vacation pay

 
28 

 

 
34 

Gift cards

 
46 

 

 
49 

Stock-based compensation

 
78 

 

 
87 

State taxes

 
39 

 

 
39 

Workers’ compensation/general liability

 
92 

 

 
91 

Accrued rent

 
29 

 

 
26 

Mirror savings plan

 
22 

 

 
24 

Pension and other retiree obligations

 
135 

 

 
187 

Net operating loss carryforward

 
588 

 

 
65 

Other

 
81 

 

 
69 

Total deferred tax assets

 
1,180 

 

 
773 

Valuation allowance

 
(66)

 

 

 -

Total net deferred tax assets

 
1,114 

 

 
773 

Liabilities

 

 

 

 

 

Depreciation and amortization

 
(1,314)

 

 
(1,172)

Leveraged leases/tax benefit transfers

 
(63)

 

 
(140)

Capitalized Advertising

 
(4)

 

 
(4)

Unrealized gain on REITs

 
(9)

 

 
(91)

Other

 
(6)

 

 
(9)

Total deferred tax liabilities

 
(1,396)

 

 
(1,416)

Total net deferred tax (liabilities)

$
(282)

 

$
(643)

 

 

 

 

 

 

 

Summary of Income Tax Contingencies [Table Text Block]

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

($ in millions)

  

 

2012

 

 

2011

 

 

2010

Beginning balance

  

$
110 

 

$
162 

 

$
165 

Additions for tax positions related to the current year

  

 

 -

 

 

 -

 

 

 -

Additions for tax positions of prior years

  

 
5 

 

 
10 

 

 
21 

Reductions for tax positions of prior years

  

 
(11)

 

 
(14)

 

 
(5)

Settlements and effective settlements with tax authorities

  

 
(24)

 

 
(45)

 

 
(16)

Expirations of statute

  

 
(4)

 

 
(3)

 

 
(3)

Balance at end of year 

  

$
76 

 

$
110 

 

$
162 

 

  

 

 

 

 

 

 

 

 

 

Schedule of Deferred Tax Assets and Liabilities Included in Balance Sheets [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

($ in millions)

 

2012

 

 

2011

Other current assets

$
106 

 

$
245 

Other long-term liabilities

 
(388)

 

 
(888)

Net deferred tax liabilities

$
(282)

 

$
(643)