Income Taxes (Tables)
 12 Months Ended
Feb. 01, 2014
Income Tax Disclosure [Abstract]  
Provision for Income Taxes
The following table provides the components of the Company’s provision for income taxes for 2013, 2012 and 2011:
 
2013
 
2012
 
2011
 
(in millions)
Current:
 
 
 
 
 
U.S. Federal
$
407

 
$
432

 
$
357

U.S. State
90

 
67

 
46

Non-U.S.
28

 
18

 
11

Total
525

 
517

 
414

Deferred:
 
 
 
 
 
U.S. Federal
11

 
14

 
6

U.S. State
3

 
4

 
1

Non-U.S.
4

 
(7
)
 
(44
)
Total
18

 
11

 
(37
)
Provision for Income Taxes
$
543

 
$
528

 
$
377
Reconciliation of the Statutory Federal Income Tax Rate and the Effective Tax Rate
The following table provides the reconciliation between the statutory federal income tax rate and the effective tax rate for 2013, 2012 and 2011:
 
2013
 
2012
 
2011
Federal Income Tax Rate
35.0
 %
 
35.0
 %
 
35.0
 %
State Income Taxes, Net of Federal Income Tax Effect
3.8
 %
 
4.0
 %
 
4.0
 %
Impact of Non-U.S. Operations
(1.4
)%
 
1.1
 %
 
(2.2
)%
Express Charitable Contribution
—
 %
 
—
 %
 
(5.0
)%
Non-deductible Impairment of Goodwill and Other Intangible Assets
—
 %
 
2.4
 %
 
4.3
 %
Non-U.S. Portion of the Divestiture of Third-party Apparel Sourcing Business
—
 %
 
—
 %
 
(3.0
)%
Other Items, Net
0.1
 %
 
(1.3
)%
 
(2.4
)%
Effective Tax Rate
37.5
 %
 
41.2
 %
 
30.7
 %
Effect of Temporary Differences that Cause Deferred Income Taxes
The following table provides the effect of temporary differences that cause deferred income taxes as of February 1, 2014 and February 2, 2013. Deferred tax assets and liabilities represent the future effects on income taxes resulting from temporary differences and carryforwards at the end of the respective year.
 
 
February 1, 2014
 
February 2, 2013
 
Assets
 
Liabilities
 
Total
 
Assets
 
Liabilities
 
Total
 
(in millions)
Leases
$
46

 
$
—

 
$
46

 
$
43

 
$
—

 
$
43

Non-qualified Retirement Plan
94

 
—

 
94

 
86

 
—

 
86

Property and Equipment
—

 
(219
)
 
(219
)
 
—

 
(190
)
 
(190
)
Goodwill
—

 
(15
)
 
(15
)
 
—

 
(15
)
 
(15
)
Trade Names and Other Intangibles
—

 
(139
)
 
(139
)
 
—

 
(138
)
 
(138
)
State Net Operating Loss Carryforwards
21

 
—

 
21

 
23

 
—

 
23

Non-U.S. Operating Loss Carryforwards
161

 
—

 
161

 
151

 
—

 
151

Valuation Allowance
(183
)
 
—

 
(183
)
 
(171
)
 
—

 
(171
)
Other, Net
71

 
—

 
71

 
67

 
—

 
67

Total Deferred Income Taxes
$
210

 
$
(373
)
 
$
(163
)
 
$
199

 
$
(343
)
 
$
(144
)
Activity Related to Unrecognized Tax Benefits
The following table summarizes the activity related to the Company’s unrecognized tax benefits for U.S. federal, state & non-U.S. tax jurisdictions for 2013, 2012 and 2011, without interest and penalties:
 
2013
 
2012
 
2011
 
(in millions)
Gross Unrecognized Tax Benefits, as of the Beginning of the Fiscal Year
$
185

 
$
146

 
$
147

Increases in Unrecognized Tax Benefits for Prior Years
39

 
13

 
4

Decreases in Unrecognized Tax Benefits for Prior Years
(54
)
 
(19
)
 
(33
)
Increases in Unrecognized Tax Benefits as a Result of Current Year Activity
37

 
52

 
45

Decreases to Unrecognized Tax Benefits Relating to Settlements with Taxing Authorities
(34
)
 
(1
)
 
(9
)
Decreases to Unrecognized Tax Benefits as a Result of a Lapse of the Applicable Statute of Limitations
(6
)
 
(6
)
 
(8
)
Gross Unrecognized Tax Benefits, as of the End of the Fiscal Year
$
167

 
$
185

 
$
146