Income Taxes (Tables)
 12 Months Ended
Feb. 01, 2014
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit)
The components of our income tax expense/(benefit) were as follows:
($ in millions)
 
2013
 
2012
 
2011
Current
 
 
 
 
 
 
Federal and foreign
 
$
(16
)
 
$
(95
)
 
$
60

State and local
 
(8
)
 
79

 
16

Total current
 
(24
)
 
(16
)
 
76

Deferred
 
 
 
 
 
 
Federal and foreign
 
(428
)
 
(465
)
 
(130
)
State and local
 
(46
)
 
(70
)
 
(23
)
Total deferred
 
(474
)
 
(535
)
 
(153
)
Total
 
$
(498
)
 
$
(551
)
 
$
(77
)
Schedule of Effective Income Tax Rate Reconciliation
A reconciliation of the statutory federal income tax rate to our effective rate is as follows:
(percent of pre-tax income/(loss))
 
2013
 
2012
 
2011
Federal income tax at statutory rate
 
(35.0
)%
 
(35.0
)%
 
(35.0
)%
State and local income tax, less federal income tax benefit
 
(4.1
)
 
(3.7
)
 
(1.8
)
Increase in valuation allowance federal and state
 
28.6

 
4.3

 
—

Tax benefit resulting from OCI allocation
 
(16.1
)
 
—

 
—

Tax effect of dividends on ESOP shares
 
—

 
(0.1
)
 
(1.9
)
Non-deductible management transition costs
 
—

 
—

 
11.3

Other, including permanent differences and credits
 
0.2

 
(1.4
)
 
(6.2
)
Effective tax rate
 
(26.4
)%
 
(35.9
)%
 
(33.6
)%
Schedule of Deferred Tax Assets and Liabilities
Our deferred tax assets and liabilities were as follows:
($ in millions)
 
2013
 
2012
Assets
 
 
 
 
Merchandise inventory
 
$
62

 
$
42

Accrued vacation pay
 
28

 
28

Gift cards
 
69

 
46

Stock-based compensation
 
69

 
78

State taxes
 
36

 
39

Workers’ compensation/general liability
 
93

 
92

Accrued rent
 
32

 
29

Mirror savings plan
 
21

 
22

Pension and other retiree obligations
 
—

 
135

Net operating loss and tax credit carryforwards
 
918

 
600

Other
 
96

 
69

Total deferred tax assets
 
1,424

 
1,180

Valuation allowance
 
(304
)
 
(66
)
Total net deferred tax assets
 
1,120

 
1,114

Liabilities
 
 
 
 
Depreciation and amortization
 
(1,024
)
 
(1,314
)
Pension and other retiree obligations
 
(172
)
 
—

Leveraged leases/tax benefit transfers
 
(63
)
 
(63
)
Capitalized Advertising
 
(3
)
 
(4
)
Unrealized gain on REITs
 
—

 
(9
)
Other
 
—

 
(6
)
Total deferred tax liabilities
 
(1,262
)
 
(1,396
)
Total net deferred tax liabilities
 
$
(142
)
 
$
(282
)


Deferred tax assets and liabilities included in our Consolidated Balance Sheets were as follows:
($ in millions)
 
2013
 
2012
Other current assets
 
$
193

 
$
106

Other long-term liabilities
 
(335
)
 
(388
)
Total net deferred tax liabilities
 
$
(142
)
 
$
(282
)
Summary of Income Tax Contingencies
A reconciliation of unrecognized tax benefits is as follows:
($ in millions)
 
2013
 
2012
 
2011
Beginning balance
 
$
76

 
$
110

 
$
162

Additions for tax positions related to the current year
 
—

 
—

 
—

Additions for tax positions of prior years
 
6

 
5

 
10

Reductions for tax positions of prior years
 
(1
)
 
(11
)
 
(14
)
Settlements and effective settlements with tax authorities
 
(9
)
 
(24
)
 
(45
)
Expirations of statute
 
(2
)
 
(4
)
 
(3
)
Balance at end of year 
 
$
70

 
$
76

 
$
110