Old COPPER (CPPRQ) 10-Q 5 Sep 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Aug. 04, 2018	Aug. 24, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	J C PENNEY CO INC
Entity Central Index Key	1,166,126
Current Fiscal Year End Date	--02-02
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Aug. 4, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		314,895,764
Trading Symbol	jcp

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended			6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	[1]	Aug. 04, 2018	Jul. 29, 2017	[1]
Income Statement [Abstract]
Total net sales	$ 2,762	$ 2,985		$ 5,346	$ 5,686
Credit income and other	67	83		154	166
Total revenues	2,829	3,068		5,500	5,852
Cost of goods sold (exclusive of depreciation and amortization shown separately below)	1,831	1,932		3,543	3,657
Selling, general and administrative (SG&A)	880	935		1,706	1,873
Depreciation and amortization	140	144		281	289
Real estate and other, net	(12)	19		6	137
Restructuring and management transition	2	23		9	123
Total costs and expenses	2,865	3,015		5,533	5,805
Operating income/(loss)	(36)	53		(33)	47
Other components of net periodic pension cost/(income)	(19)	(14)		(38)	92
(Gain)/loss on extinguishment of debt	0	35		23	35
Net interest expense	79	79		157	166
Income/(loss) before income taxes	(96)	(47)		(175)	(246)
Income tax expense/(benefit)	5	1		4	(11)
Net income/(loss)	$ (101)	$ (48)		$ (179)	$ (235)
Earnings/(loss) per share:
Basic (in dollars per share)	$ (0.32)	$ (0.15)		$ (0.57)	$ (0.76)
Diluted (in dollars per share)	$ (0.32)	$ (0.15)		$ (0.57)	$ (0.76)
Weighted average shares – basic	315.7	310.8		314.8	310.2
Weighted average shares – diluted	315.7	310.8		314.8	310.2
[1]	As Adjusted

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017		Aug. 04, 2018	Jul. 29, 2017
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax		$ (1)			$ (2)
Net income/(loss)	$ (101)	(48)	[1]	$ (179)	(235)	[1]
Other comprehensive income/(loss), net of tax:
Net actuarial gain/(loss) arising during the period (1)	0	0	[1]	0	5	[1]
Reclassification for amortization of prior service (credit)/cost (2)	1	1	[1]	2	2	[1]
Net curtailment gain (3)	0	0	[1]	0	20	[1]
Gain/(loss) on interest rate swaps (4)	0	(3)	[1]	5	(6)	[1]
Reclassification for periodic settlements (5)	0	2	[1]	0	4	[1]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	0	2	[1]	0	2
Total other comprehensive income/(loss), net of tax	1	2	[1]	7	27
Total comprehensive income/(loss), net of tax	(100)	(46)	[1]	(172)	(208)	[1]
Net actuarial gain/(loss) arising during the period, tax					(4)
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, Tax	$ (1)	(1)		(2)	(2)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans Reclassification of Prior Service (Credit)/Cost from a Curtailment, Tax					(11)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax		2		$ (1)	3
Interest Expense [Member]
Other comprehensive income/(loss), net of tax:
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax		$ 3			$ 6
[1]	As Adjusted

CONSOLIDATED STATEMENTS OF COM4

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) Consolidated Statements of Comprehensive Income/(loss) Parenthetical - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, Tax	$ (1)	$ (1)	$ (2)	$ (2)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement	0	0	0	0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax		(1)		(2)
Other components of net periodic pension cost/(income) [Member]
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax	$ 2	2	$ 4	4
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement				5
Interest Expense [Member]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax		$ 3		$ 6

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Aug. 04, 2018	Feb. 03, 2018	[1]	Jul. 29, 2017	[1]
Current assets:
Cash in banks and in transit		$ 171	$ 116		$ 186
Cash short-term investments		11	342		128
Cash and cash equivalents		182	458		314
Merchandise inventory		2,824	2,803		2,820
Prepaid expenses and other		221	190		223
Total current assets		3,227	3,451		3,357
Property and equipment (net of accumulated depreciation of $3,293, $3,610 and $3,500)		4,058	4,281		4,390
Prepaid pension		87	61		0
Other assets		686	661		622
Total Assets		8,058	8,454		8,369
Current liabilities:
Merchandise accounts payable		910	973		950
Other accounts payable and accrued expenses		1,025	1,156		1,121
Current portion of capital leases, financing obligation and note payable		7	8		9
Current maturities of long-term debt		42	232		232
Total current liabilities		1,984	2,369		2,312
Long-term capital leases, financing obligation and note payable		208	212		216
Long-term debt		3,960	3,780		3,836
Deferred taxes		144	143		202
Other liabilities		546	567		635
Total Liabilities		6,842	7,071		7,201
Stockholders’ Equity
Common stock	[2]	157	156		155
Additional paid-in capital		4,709	4,705		4,694
Reinvested earnings/(accumulated deficit)		(3,297)	(3,118)		(3,235)
Accumulated other comprehensive income/(loss)		(353)	(360)		(446)
Total Stockholders’ Equity		1,216	1,383		1,168
Total Liabilities and Stockholders’ Equity		$ 8,058	$ 8,454		$ 8,369
[1]	As Adjusted
[2]	1,250 million shares of common stock are authorized with a par value of $0.50 per share. The total shares issued and outstanding were 314.8 million, 310.3 million and 312.0 million as of August 4, 2018, July 29, 2017 and February 3, 2018, respectively.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017
Statement of Financial Position [Abstract]
Accumulated depreciation	$ (3,293)	$ (3,500)	$ (3,610)
Common stock, shares authorized	1,250,000,000	1,250,000,000	1,250,000,000
Common stock, par value per share	$ 0.50	$ 0.50	$ 0.5
Common stock, shares issued	314,800,000	312,000,000	310,300,000
Common stock, shares outstanding	314,800,000	312,000,000	310,300,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions		6 Months Ended
		Aug. 04, 2018	Jul. 29, 2017
Cash flows from operating activities
Net income/(loss)		$ (179)	$ (235)	[1]
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:
Restructuring and management transition		(3)	73	[1]
Asset impairments and other charges		52	3	[1]
Net gain on sale of operating assets		(57)	(118)	[1]
(Gain)/loss on extinguishment of debt		23	35	[1]
Depreciation and amortization		281	289	[1]
Benefit plans		(37)	96	[1]
Stock-based compensation		6	16	[1]
Deferred taxes		(1)	(19)	[1]
Change in cash from:
Inventory		(21)	76	[1]
Prepaid expenses and other		(21)	(64)	[1]
Merchandise accounts payable		(63)	(27)	[1]
Income taxes		0	3	[1]
Accrued expenses and other		(115)	(72)	[1]
Net Cash Provided by (Used in) Operating Activities		(135)	56	[1]
Cash flows from investing activities
Capital expenditures		(221)	(192)	[1]
Net proceeds from sale of operating assets		121	146	[1]
Joint venture return of investment		0	9	[1]
Net Cash Provided by (Used in) Investing Activities		(100)	(37)	[1]
Cash flows from financing activities
Proceeds from issuance of long-term debt		400	0	[1]
Proceeds from borrowings under the credit facility		2,258	272	[1]
Payments of borrowings under the credit facility		(2,081)	(272)	[1]
Premium on early retirement of debt		20	30	[1]
Payments of capital leases, financing obligation and note payable		(4)	(12)	[1]
Payments of long-term debt		(586)	(541)	[1]
Financing costs		(7)	(9)	[1]
Proceeds from stock issued under stock plans		2	3	[1]
Tax withholding payments for vested restricted stock		(3)	(3)	[1]
Net Cash Provided by (Used in) Financing Activities		(41)	(592)	[1]
Net increase/(decrease) in cash and cash equivalents		(276)	(573)	[1]
Cash and cash equivalents at beginning of period	[1]	458	887
Cash and cash equivalents at end of period		182	314	[1]
Supplemental cash flow information
Income taxes received/(paid), net		(5)	(5)	[1]
Interest received/(paid), net		(145)	(163)	[1]
Supplemental non-cash investing and financing activity
Increase/(decrease) in other accounts payable related to purchases of property and equipment and software		$ (20)	$ 6	[1]
[1]	As Adjusted

Basis of Presentation and Conso

Basis of Presentation and Consolidation	6 Months Ended
	Aug. 04, 2018
Basis of Presentation and Consolidation [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation Basis of Presentation J. C. Penney Company, Inc. is a holding company whose principal operating subsidiary is J. C. Penney Corporation, Inc. (JCP). JCP was incorporated in Delaware in 1924 , and J. C. Penney Company, Inc. was incorporated in Delaware in 2002 , when the holding company structure was implemented. The holding company has no independent assets or operations, and no direct subsidiaries other than JCP. The holding company and its consolidated subsidiaries, including JCP, are collectively referred to in this quarterly report as “we,” “us,” “our,” “ourselves” or the “Company,” unless otherwise indicated. J. C. Penney Company, Inc. is a co-obligor (or guarantor, as appropriate) regarding the payment of principal and interest on JCP’s outstanding debt securities. The guarantee of certain of JCP’s outstanding debt securities by J. C. Penney Company, Inc. is full and unconditional. These unaudited Interim Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) and in accordance with the rules and regulations of the Securities and Exchange Commission (SEC). The accompanying unaudited Interim Consolidated Financial Statements, in our opinion, include all material adjustments necessary for a fair presentation and should be read in conjunction with the audited Consolidated Financial Statements and notes thereto in our Annual Report on Form 10-K for the fiscal year ended February 3, 2018 ( 2017 Form 10-K). We follow substantially the same accounting policies to prepare quarterly financial statements as are followed in preparing annual financial statements. A description of such significant accounting policies is included in the 2017 Form 10-K. The February 3, 2018 financial information was derived from the audited Consolidated Financial Statements, with related footnotes, included in the 2017 Form 10-K. Because of the seasonal nature of the retail business, operating results for interim periods are not necessarily indicative of the results that may be expected for the full year. Fiscal Year Our fiscal year ends on the Saturday closest to January 31. As used herein, “three months ended August 4, 2018 ” and “ second quarter of 2018 ” refers to the 13-week period ended August 4, 2018 , and “three months ended July 29, 2017 ” and “ second quarter of 2017 ” refers to the 13-week period ended July 29, 2017 . " Six months ended August 4, 2018 " and " six months ended July 29, 2017 " refer to the 26-week periods ended August 4, 2018 and July 29, 2017 , respectively. Fiscal year 2018 contains 52 weeks, and fiscal year 2017 contains 53 weeks. Basis of Consolidation All significant inter-company transactions and balances have been eliminated in consolidation. Certain reclassifications were made to prior period amounts to conform to the current period presentation.

Change in Accounting for Revenu

Change in Accounting for Revenue Recognition and Retirement-Related Benefits (Notes)	6 Months Ended
	Aug. 04, 2018
Change in Accounting for Revenue Recognition and Retirement-Related Benefits [Abstract]
Accounting Changes [Text Block]	Changes in Accounting for Revenue Recognition and Retirement-Related Benefits In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Codification (ASC) Topic 606 (ASC 606), Revenue from Contracts with Customers, a replacement of Revenue Recognition (Topic 605) . The new revenue recognition standard provides a five-step analysis of transactions to determine when and how revenue is recognized. The core principle of the guidance is that a Company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We have adopted the new standard using the full retrospective approach on February 4, 2018, and with such adoption our revenue recognition policies related to gift card breakage, customer loyalty programs, credit card income and principal versus agent considerations were changed. Whereas we previously recognized gift card breakage, net of required escheatment, 60 months after the gift card was issued, we now recognize gift card breakage, net of required escheatment, over the redemption pattern of gift cards. Additionally, whereas we utilized the incremental cost method to account for our customer loyalty programs, we now account for our customer loyalty programs as revenue and are required to defer a portion of our sales to loyalty rewards to be earned by reward members for a future discount on a future sale. We also changed the classification of profit sharing income earned in connection with our private label credit card and co-branded MasterCard® programs owned and serviced by Synchrony Financial (Synchrony). Under our agreement with Synchrony, we receive cash payments from Synchrony based upon the performance of the credit card portfolios. Previously, the income we earned under our agreement with Synchrony was included as an offset to SG&A expenses. In connection with the adoption of the new standard, we changed our presentation to include such income in a separate line item described as Credit income and other. Further, we adjusted our principal versus agent considerations for certain contracts and where we previously considered ourselves to be the agent (report net sales) under these contracts based on the risk and rewards of the arrangement, we now consider ourselves to be the principal (report gross sales) based on our control of the good or service before it is transferred to the customer. Lastly, we changed our balance sheet presentation of our sales return liability and where we previously reflected the balance as a net liability, we now recognize a gross refund liability for the sales amounts expected to be refunded to customers and an asset for the recoverable cost of the merchandise expected to be returned by customers. In March 2017, the FASB issued Accounting Standards Update (ASU) 2017-07, Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost . ASU 2017-07 requires companies to present the service cost component of net periodic pension cost in the same line items in which they report compensation cost. Companies will present all other components of net periodic pension cost outside of operating income, if this subtotal is presented. As required by the standard, we retrospectively adopted ASU 2017-07 on February 4, 2018, and we changed the presentation of our Consolidated Statement of Operations to exclude the Pension line item and to reflect the service cost component of our pension expense/(income) in SG&A and to reflect all other cost components in a new separate line item below operating income/(loss) described as Other components of net periodic pension cost/(income). These changes have been reported through retrospective application of the new policies to all periods presented. The impacts of all adjustments made to the financial statements are summarized below: Consolidated Statements of Operations Three Months Ended Six Months Ended July 29, 2017 July 29, 2017 ($ in millions, except per share data) Previously Reported As Adjusted Effect of Change Previously Reported As Adjusted Effect of Change Total net sales $ 2,962 $ 2,985 $ 23 $ 5,668 $ 5,686 $ 18 Credit income and other — 83 83 — 166 166 Cost of goods sold (exclusive of depreciation and amortization) 1,923 1,932 9 3,646 3,657 11 Selling, general and administrative (SG&A) 842 935 93 1,685 1,873 188 Pension (4 ) — 4 (6 ) — 6 Restructuring and management transition 23 23 — 243 123 (120 ) Operating income/(loss) 53 53 — (52 ) 47 99 Other components of net periodic pension cost/(income) — (14 ) (14 ) — 92 92 Income/(loss) before income taxes (61 ) (47 ) 14 (253 ) (246 ) 7 Net income/(loss) $ (62 ) $ (48 ) $ 14 $ (242 ) $ (235 ) $ 7 Basic earnings/(loss) per common share $ (0.20 ) $ (0.15 ) $ 0.05 $ (0.78 ) $ (0.76 ) $ 0.02 Diluted earnings/(loss) per common share $ (0.20 ) $ (0.15 ) $ 0.05 $ (0.78 ) $ (0.76 ) $ 0.02 Consolidated Statements of Comprehensive Income/(Loss) Three Months Ended Six Months Ended July 29, 2017 July 29, 2017 ($ in millions) Previously Reported As Adjusted Effect of Change Previously Reported As Adjusted Effect of Change Net income/(loss) $ (62 ) $ (48 ) $ 14 $ (242 ) $ (235 ) $ 7 Consolidated Balance Sheets July 29, 2017 February 3, 2018 ($ in millions) Previously Reported As Adjusted Effect of Change Previously Reported As Adjusted Effect of Change Merchandise inventory $ 2,777 $ 2,820 $ 43 $ 2,762 $ 2,803 $ 41 Other accounts payable and accrued expenses 1,091 1,121 30 1,119 1,156 37 Reinvested earnings/(accumulated deficit) (3,248 ) (3,235 ) 13 (3,122 ) (3,118 ) 4 Consolidated Statements of Cash Flows Six Months Ended July 29, 2017 ($ in millions) Previously Reported As Adjusted Effect of Change Cash flows from operating activities: Net income/(loss) $ (242 ) $ (235 ) $ 7 Inventory 77 76 (1 ) Accrued expenses and other (66 ) (72 ) (6 )

Effect of New Accounting Standa

Effect of New Accounting Standards	6 Months Ended
	Aug. 04, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Effect of New Accounting Standards	Effect of New Accounting Standards In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (a consensus of the FASB Emerging Issues Task Force) (ASU 2016-15). ASU 2016-15 clarifies how entities should classify certain cash receipts and cash payments on the statement of cash flows. The guidance also clarifies how the predominance principle should be applied when cash receipts and cash payments have aspects of more than one class of cash flows. The guidance is effective for fiscal years beginning after December 15, 2017, and interim periods therein. Entities should apply the guidance retrospectively, but if it is impracticable to do so for an issue, the amendments related to that issue may be applied prospectively. We have adopted ASU 2016-15 on February 4, 2018 and it did not have a significant impact on our accounting and disclosures. In February 2016, the FASB issued ASC Topic 842, Leases (Topic 842), a replacement of Leases (Topic 840) and updated by various targeted improvements , which will require lessees to recognize most leases on their balance sheets as lease liabilities with corresponding right-of-use assets. While many aspects of lessor accounting would remain the same, the new standard would make some changes, such as eliminating today’s real estate-specific guidance. As a globally converged standard, lessees and lessors would be required to classify most leases using a principle generally consistent with that of International Accounting Standards. The standard also would change what would be considered the initial direct costs of a lease. The standard would be effective for annual periods beginning after December 15, 2018 and interim periods within that year and must be adopted by a modified retrospective method, with elective reliefs, which requires application of the new guidance for all periods presented, or by an optional transition method, which would allow the application of current legacy guidance, including its disclosure requirements, in the comparative periods presented in the year of adoption. The Company plans to use the optional transition method when adopting the new standard. We have developed a project team to analyze the impacts of the new standard on our current accounting policies and internal controls and the changes required to be made by our leasing software provider. With almost 70% of our store locations involved in an operating lease, the new standard will have a significant impact on our financial statements due to the recognition of lease liabilities and right-of-use assets that are not required by the current accounting requirements for operating leases. Given the magnitude of the project to implement the new standard, we are still evaluating the effect that the new accounting guidance will have on our financial condition, results of operations and cash flows.

Revenue (Notes)

Revenue (Notes)	6 Months Ended
	Aug. 04, 2018
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	Revenue Our contracts with customers primarily consist of sales of merchandise and services at the point of sale, sales of gift cards to a customer for a future purchase, customer loyalty rewards that provide discount rewards to customers based on purchase activity, and certain licensing and profit sharing arrangements involving the use of our intellectual property by others. Revenue includes Total net sales and Credit income and other. Net sales are categorized by merchandise and service sale groupings as we believe it best depicts the nature, amount, timing and uncertainty of revenue and cash flow. The following table provides the components of Net sales for the three and six months ended August 4, 2018 and July 29, 2017 : Three Months Ended Six Months Ended ($ in millions) August 4, 2018 July 29, 2017 August 4, 2018 July 29, 2017 As Adjusted As Adjusted Women’s apparel $ 694 25 % $ 748 25 % $ 1,308 25 % $ 1,426 25 % Men’s apparel and accessories 563 20 % 618 21 % 1,063 20 % 1,147 20 % Home 361 13 % 415 14 % 716 13 % 790 14 % Women’s accessories, including Sephora 345 13 % 365 12 % 700 13 % 722 13 % Children’s, including toys 241 9 % 246 8 % 448 8 % 473 8 % Footwear and handbags 227 8 % 251 8 % 440 8 % 483 8 % Jewelry 151 5 % 149 5 % 312 6 % 308 6 % Services and other 180 7 % 193 7 % 359 7 % 337 6 % Total net sales $ 2,762 100 % $ 2,985 100 % $ 5,346 100 % $ 5,686 100 % Credit income and other encompasses the revenue earned from the agreement with Synchrony associated with our private label credit card and co-branded MasterCard® programs. Merchandise and Service Sales Total net sales, which exclude sales taxes and are net of estimated returns, are generally recorded when payment is received and the customer takes control of the merchandise. Service revenue is recorded at the time the customer receives the benefit of the service, such as salon, portrait, optical or custom decorating. Shipping and handling fees charged to customers are also included in total net sales with corresponding costs recorded as cost of goods sold. Net sales are not recognized for estimated future returns which are estimated based primarily on historical return rates and sales levels. Gift Card Revenue At the time gift cards are sold a performance obligation is created and no revenue is recognized; rather, a contract liability is established for our obligation to provide a merchandise or service sale to the customer for the face value of the card. The contract liability is relieved and a net sale is recognized when gift cards are redeemed for merchandise or services. We recognize gift card breakage, net of required escheatment, over the redemption pattern of gift cards. Breakage is estimated based on historical redemption patterns and the estimates can vary based on changes in the usage patterns of our customers. Customer Loyalty Rewards Customers who spend a certain amount with us using our private label card or registered loyalty card receive points that can accumulate towards earning JCPenney Rewards certificates which are redeemable for a discount on future purchases. Points earned by a loyalty customer do not expire but any certificates earned expire two months from the date of issuance. We account for our customer loyalty rewards by deferring a portion of our sales to loyalty points expected to be earned towards a reward certificate, and then recognize the reward certificate as a net sale when used by the customer in connection with a merchandise or service sale. The points earned toward a future reward are valued at their relative standalone selling price by applying fair value based on historical redemption patterns. The liabilities related to our gift cards and our customer loyalty program are included in Other accounts payable and accrued expenses in the unaudited Interim Consolidated Balance Sheets and constitute our contract liability. The balance of these liabilities were as follows: (in millions) August 4, 2018 July 29, 2017 February 3, 2018 Gift cards $ 116 $ 118 $ 144 Loyalty rewards 62 76 73 Total contract liability $ 178 $ 194 $ 217 Contract liability includes consideration received for gift card and loyalty related performance obligations which have not been satisfied as of a given date. A rollforward of the amounts included in contract liability for the first six months of 2018 and 2017 are as follows: (in millions) 2018 2017 Beginning balance $ 217 $ 228 Current period gift cards sold and loyalty reward points earned 148 209 Net sales from amounts included in contract liability opening balances (59 ) (68 ) Net sales from current period usage (128 ) (175 ) Ending balance $ 178 $ 194 Licensing Agreements Our private label credit card and co-branded MasterCard® programs are owned and serviced by Synchrony. Under our agreement with Synchrony, we receive periodic cash payments from Synchrony based upon the consumer's usage of co-branded card and the performance of the credit card portfolio. We participate in the programs by providing marketing promotions designed to increase the use of each card, including enhanced marketing offers for cardholders. Additionally, we accept payments in our stores from cardholders who prefer to pay in person when they are shopping in our locations. Revenue related to this agreement is recognized over the time we have fulfilled our deliverables and is reflected in Credit income and other. Principal Versus Agent We assess principal versus agent considerations depending on our control of the good or service before it is transferred to the customer. When we are the principal and have control of the specified good or service, we include as a net sale the gross amount of consideration to which we expect to be entitled for that specified good or service in revenue. In contrast, when we are the agent and do not have control of the specified good or service, we include as a net sale the fee or commission to which we expect to be entitled for the agency service. In certain instances, the fee or commission might be the net amount retained after paying the supplier.

Earnings_(Loss) per Share

Earnings/(Loss) per Share	6 Months Ended
	Aug. 04, 2018
Earnings Per Share [Abstract]
Earnings/(Loss) per Share	Earnings/(Loss) per Share Net income/(loss) and shares used to compute basic and diluted earnings/(loss) per share (EPS) are reconciled below: Three Months Ended Six Months Ended (in millions, except per share data) August 4, July 29, August 4, July 29, Earnings/(loss) Net income/(loss) $ (101 ) $ (48 ) $ (179 ) $ (235 ) Shares Weighted average common shares outstanding (basic shares) 315.7 310.8 314.8 310.2 Adjustment for assumed dilution: Stock options, restricted stock awards and warrant — — — — Weighted average shares assuming dilution (diluted shares) 315.7 310.8 314.8 310.2 EPS Basic $ (0.32 ) $ (0.15 ) $ (0.57 ) $ (0.76 ) Diluted $ (0.32 ) $ (0.15 ) $ (0.57 ) $ (0.76 ) The following average potential shares of common stock were excluded from the diluted EPS calculation because their effect would have been anti-dilutive: Three Months Ended Six Months Ended (Shares in millions) August 4, July 29, August 4, July 29, Stock options, restricted stock awards and warrant 25.6 33.5 27.2 33.3

Long-Term Debt

Long-Term Debt	6 Months Ended
	Aug. 04, 2018
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt ($ in millions) August 4, 2018 July 29, 2017 February 3, 2018 Issue: 5.75% Senior Notes Due 2018 (1) $ — $ 190 $ 190 8.125% Senior Notes Due 2019 (1) 50 175 175 5.65% Senior Notes Due 2020 (1) 110 400 360 2017 Credit Facility (Matures in 2022) 177 — — 2016 Term Loan Facility (Matures in 2023) 1,604 1,646 1,625 5.875% Senior Secured Notes Due 2023 (1) 500 500 500 7.125% Debentures Due 2023 10 10 10 8.625% Senior Secured Second Priority Notes Due 2025 (1) 400 — — 6.9% Notes Due 2026 2 2 2 6.375% Senior Notes Due 2036 (1) 388 388 388 7.4% Debentures Due 2037 313 313 313 7.625% Notes Due 2097 500 500 500 Total debt 4,054 4,124 4,063 Unamortized debt issuance costs (52 ) (56 ) (51 ) Less: current maturities (42 ) (232 ) (232 ) Total long-term debt $ 3,960 $ 3,836 $ 3,780 (1) These debt issuances contain a change of control provision that would obligate us, at the holders’ option, to repurchase the debt at a price of 101%. On March 12, 2018, JCP issued $400 million aggregate principal amount of senior secured second priority notes with a 8.625% interest rate (the "Notes"). The Notes are due in 2025 and are guaranteed, jointly and severally, by the Company and certain domestic subsidiaries of JCP that guarantee the Company's senior secured term loan facility and existing senior secured notes. The net proceeds from the Notes were used for the tender consideration for JCP's contemporaneous cash tender offers for $125 million aggregate principal amount of its 8.125% Senior Notes Due 2019 and $250 million aggregate principal amount of its 5.65% Senior Notes Due 2020 (collectively, the Securities). In doing so, we recognized a loss on extinguishment of debt of $23 million which includes the premium paid over the face value of the accepted Securities of $20 million , reacquisition costs of $1 million and the write off of unamortized debt issuance costs of $2 million . As of August 4, 2018 , outstanding borrowings under our $2.35 billion senior secured asset-based revolving credit facility (2017 Credit Facility) were $177 million . All borrowings under the 2017 Credit Facility accrue interest at a rate equal to, at the Company’s option, a base rate or an adjusted LIBOR rate plus a spread.

Derivative Financial Instrument

Derivative Financial Instruments (Notes)	6 Months Ended
	Aug. 04, 2018
Derivative [Line Items]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Derivative Financial Instruments We use derivative financial instruments for hedging and non-trading purposes to manage our exposure to changes in interest rates. Use of derivative financial instruments in hedging programs subjects us to certain risks, such as market and credit risks. Market risk represents the possibility that the value of the derivative instrument will change. In a hedging relationship, the change in the value of the derivative is offset to a great extent by the change in the value of the underlying hedged item. Credit risk related to derivatives represents the possibility that the counterparty will not fulfill the terms of the contract. The notional, or contractual, amount of our derivative financial instruments is used to measure interest to be paid or received and does not represent our exposure due to credit risk. Credit risk is monitored through established approval procedures, including setting concentration limits by counterparty, reviewing credit ratings and requiring collateral (generally cash) from the counterparty when appropriate. When we use derivative financial instruments for the purpose of hedging our exposure to interest rates, the contract terms of a hedged instrument closely mirror those of the hedged item, providing a high degree of risk reduction and correlation. Contracts that are effective at meeting the risk reduction and correlation criteria are recorded using hedge accounting. If a derivative instrument is a hedge, depending on the nature of the hedge, changes in the fair value of the instrument will either be offset against the change in fair value of the hedged assets, liabilities or firm commitments through earnings or be recognized in Accumulated other comprehensive income/(loss) until the hedged item is recognized in earnings. The ineffective portion of an instrument’s change in fair value will be immediately recognized in earnings during the period. Instruments that do not meet the criteria for hedge accounting, or contracts for which we have not elected to apply hedge accounting, are valued at fair value with unrealized gains or losses reported in earnings during the period of change. We have entered into interest rate swap agreements with notional amounts totaling $1,250 million to fix a portion of our variable LIBOR-based interest payments. The interest rate swap agreements have a weighted-average fixed rate of 2.04% , mature on May 7, 2020 and have been designated as cash flow hedges. The fair value of our interest rate swaps are recorded on the unaudited Interim Consolidated Balance Sheets as an asset or a liability (see Note 9). The effective portion of the interest rate swaps' changes in fair values is reported in Accumulated other comprehensive income/(loss) (see Note 10), and the ineffective portion is reported in Net income/(loss). Amounts in Accumulated other comprehensive income/(loss) are reclassified into Net income/(loss) when the related interest payments affect earnings. For the periods presented, all of the interest rate swaps were 100% effective. Information regarding the gross amounts of our derivative instruments in the unaudited Interim Consolidated Balance Sheets is as follows: Asset Derivatives at Fair Value Liability Derivatives at Fair Value ($ in millions) Balance Sheet Location August 4, 2018 July 29, 2017 February 3, 2018 Balance Sheet Location August 4, 2018 July 29, 2017 February 3, 2018 Derivatives designated as hedging instruments: Interest rate swaps Prepaid expenses and other $ 1 $ — $ — Other accounts payable and accrued expenses $ — $ 2 $ 1 Interest rate swaps Other assets 16 — 9 Other liabilities — 13 — Total derivatives designated as hedging instruments $ 17 $ — $ 9 $ — $ 15 $ 1

Restructuring and Management Tr

Restructuring and Management Transition	6 Months Ended
	Aug. 04, 2018
Restructuring and Related Activities [Abstract]
Restructuring and Management Transition	Restructuring and Management Transition In the first quarter of 2017, the Company finalized plans to close 138 stores to help align the Company's brick-and-mortar presence with its omnichannel network, thereby redirecting capital resources to invest in locations and initiatives that offer the greatest revenue potential. The store closures resulted in a $77 million asset impairment charge for store assets with limited future use and a $14 million severance charge for the expected displacement of store associates. The components of Restructuring and management transition include: • Home office and stores — charges for actions to reduce our store and home office expenses including employee termination benefits, store lease termination and impairment charges; • Management transition — charges related to implementing changes within our management leadership team for both incoming and outgoing members of management; and • Other — charges related primarily to contract termination costs and costs related to the closure of certain supply chain locations. The composition of Restructuring and management transition charges was as follows: Three Months Ended Six Months Ended Cumulative Amount From Program Inception Through August 4, 2018 ($ in millions) August 4, July 29, August 4, July 29, Home office and stores 2 23 $ 9 $ 121 $ 482 Other — — — 2 185 Total $ 2 $ 23 $ 9 $ 123 $ 667 Activity for the Restructuring and management transition liability for the six months ended August 4, 2018 was as follows: ($ in millions) Home Office and Stores Other Total February 3, 2018 $ 34 $ 7 $ 41 Charges 12 — 12 Cash payments (25 ) (1 ) (26 ) August 4, 2018 $ 21 $ 6 $ 27

Fair Value Disclosures

Fair Value Disclosures	6 Months Ended
	Aug. 04, 2018
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Fair Value Disclosures In determining fair value, the accounting standards establish a three level hierarchy for inputs used in measuring fair value, as follows: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Significant observable inputs other than quoted prices in active markets for similar assets and liabilities, such as quoted prices for identical or similar assets or liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3 — Significant unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. Cash Flow Hedges Measured on a Recurring Basis As of August 4, 2018 , July 29, 2017 and February 3, 2018 , the $16 million , $(13) million and $9 million fair value of our cash flow hedges, respectively, are valued in the market using discounted cash flow techniques which use quoted market interest rates in discounted cash flow calculations which consider the instrument's term, notional amount, discount rate and credit risk. Significant inputs to the derivative valuation for interest rate swaps are observable in the active markets and are classified as Level 2 in the fair value measurement hierarchy. Other Non-Financial Assets Measured on a Non-Recurring Basis In connection with the Company announcing its plan to close underperforming department stores in 2017, long-lived assets held and used with a carrying value of $86 million were written down to their fair value of $9 million , resulting in asset impairment charges of $77 million in the six months ended July 29, 2017 . The fair value was determined based on comparable market values of similar properties or on a rental income approach and the significant inputs related to valuing the store related assets are classified as Level 2 in the fair value measurement hierarchy. In connection with the Company's decision to sell its three airplanes, long-lived assets held and used with a carrying value of $72 million were written down to their fair value of $20 million , resulting in asset impairment charges of $52 million in the three months ended August 4, 2018. The fair value was determined based on dealer quotes using a market approach and the significant inputs related to valuing the airplanes are classified as Level 2 in the fair value measurement hierarchy. Other Financial Instruments Carrying values and fair values of financial instruments that are not carried at fair value in the unaudited Interim Consolidated Balance Sheets are as follows: August 4, 2018 July 29, 2017 February 3, 2018 ($ in millions) Carrying Amount Fair Value Carrying Amount Fair Value Carrying Amount Fair Value Total debt, excluding unamortized debt issuance costs, capital leases, financing obligation and note payable $ 4,054 $ 3,385 $ 4,124 $ 3,817 $ 4,063 $ 3,607 The fair value of long-term debt was estimated by obtaining quotes from brokers or was based on current rates offered for similar debt. As of August 4, 2018 , July 29, 2017 and February 3, 2018 , the fair values of cash and cash equivalents and accounts payable approximated their carrying values due to the short-term nature of these instruments. Concentrations of Credit Risk We have no significant concentrations of credit risk.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Aug. 04, 2018
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity The following table shows the change in the components of stockholders’ equity for the six months ended August 4, 2018 : (in millions) Number Shares Common Stock Additional Capital Reinvested Deficit) Accumulated Income/(Loss) Total Equity February 3, 2018 312.0 $ 156 $ 4,705 $ (3,118 ) $ (360 ) $ 1,383 Net income/(loss) — — — (179 ) — (179 ) Other comprehensive income/(loss) — — — — 7 7 Stock-based compensation and other 2.8 1 4 — — 5 August 4, 2018 314.8 $ 157 $ 4,709 $ (3,297 ) $ (353 ) $ 1,216 Accumulated Other Comprehensive Income/(Loss) The following table shows the changes in accumulated other comprehensive income/(loss) balances for the six months ended August 4, 2018 : ($ in millions) Net Actuarial Gain/(Loss) Prior Service Credit/(Cost) Gain/(Loss) on Cash Flow Hedges Accumulated Other Income/(Loss) February 3, 2018 $ (330 ) $ (26 ) $ (4 ) $ (360 ) Other comprehensive income/(loss) before reclassifications — — 5 5 Amounts reclassified from accumulated other comprehensive income — 2 — 2 August 4, 2018 $ (330 ) $ (24 ) $ 1 $ (353 )

Retirement Benefit Plans

Retirement Benefit Plans	6 Months Ended
	Aug. 04, 2018
Retirement Benefit Plans [Abstract]
Retirement Benefit Plans	Retirement Benefit Plans The components of net periodic pension expense/(income) for our non-contributory qualified defined benefit pension plan and supplemental pension plans were as follows: Three Months Ended Six Months Ended ($ in millions) August 4, July 29, August 4, July 29, Service cost $ 10 $ 10 $ 19 $ 21 Other components of net periodic pension cost/(income): Interest cost 35 37 70 76 Expected return on plan assets (56 ) (53 ) (112 ) (107 ) Amortization of prior service cost/(credit) 2 2 4 4 Settlement expense — — — — Curtailment (gain)/loss recognized — — — 7 Special termination benefit recognized — — — 112 (19 ) (14 ) (38 ) 92 Net periodic pension expense/(income) $ (9 ) $ (4 ) $ (19 ) $ 113 Service cost is included in SG&A in the unaudited Interim Consolidated Statements of Operations. In the first quarter of 2017, the Company initiated a Voluntary Early Retirement Program (VERP) for approximately 6,000 eligible associates. Eligibility for the VERP included home office, stores and supply chain personnel who met certain criteria related to age and years of service as of January 31, 2017. Based on the approximately 2,800 associates who elected to accept the VERP, we incurred a total charge of $112 million for special retirement benefits. The special retirement benefits increased the projected benefit obligation (PBO) of the qualified defined benefit pension plan (Primary Pension Plan) and the supplemental pension plans by $88 million and $24 million , respectively. In addition, we incurred curtailment charges of $7 million related to our pension plans as a result of the reduction in the expected years of future service related to these plans. As a result of these curtailments, the assets and the liabilities for our Primary Pension Plan and the liabilities of certain supplemental pension plans were remeasured as of March 31, 2017. The discount rate used for the March 31 remeasurements was 4.34% compared to the year-end 2016 discount rate of 4.40% . These events resulted in the PBO of our Primary Pension Plan decreasing by $3 million and the related assets increasing by $34 million and the PBO of our supplemental pension plans increasing by $3 million . The funded status of the Primary Pension Plan was 98% as of the remeasurement date.

Real Estate and Other, Net

Real Estate and Other, Net	6 Months Ended
	Aug. 04, 2018
Real Estate and Other, Net [Abstract]
Real Estate and Other, Net	Real Estate and Other, Net Real estate and other consists of ongoing operating income from our real estate subsidiaries. Real estate and other also includes net gains from the sale of facilities and equipment that are no longer used in operations, asset impairments, accruals for certain litigation and other non-operating charges and credits. In addition, we entered into a joint venture in 2014 in which we contributed approximately 220 acres of excess property adjacent to our home office facility in Plano, Texas (Home Office Land Joint Venture). The joint venture was formed to develop the contributed property and our proportional share of the joint venture's activities is recorded in Real estate and other, net. The composition of Real estate and other, net was as follows: Three Months Ended Six Months Ended ($ in millions) August 4, July 29, August 4, July 29, Investment income from Home Office Land Joint Venture $ (1 ) $ (19 ) $ (1 ) $ (20 ) Net gain from sale of operating assets (40 ) (1 ) (57 ) (118 ) Impairments 52 — 52 — Other 1 1 — 1 Total expense/(income) $ 12 $ (19 ) $ (6 ) $ (137 ) Investment Income from Joint Ventures During the three and six months ended August 4, 2018, the Company had income of $1 million related to its proportional share of the net income in the Home Office Land Joint Venture and received an aggregate cash distribution of $1 million . During the three and six months ended July 29, 2017, the Company had income of $19 million and $20 million , respectively, related to its proportional share of the net income in the Home Office Land Joint Venture and received aggregate cash distributions of $20 million and $28 million , respectively. Net Gain from Sale of Operating Assets During the first quarter of 2018, we completed the sale-leaseback of our Milwaukee, Wisconsin distribution facility for a net sale price of $30 million and recognized a net gain of $12 million . During the second quarter of 2018, we completed the sale of our Manchester, Connecticut distribution facility for a net sale price of $68 million and recognized a net gain of $38 million . During the first quarter of 2017, we completed the sale of our Buena Park, California distribution facility for a net sale price of $131 million and recorded a net gain of $111 million . Impairments During the second quarter of 2018, we recorded an impairment charge of $52 million related to the expected sale of three airplanes. Two of the airplanes were sold during the second quarter of 2018 at their fair value of $12 million . Subsequent to the second quarter of 2018, the third airplane was sold at its fair value of $8 million .

Income Taxes

Income Taxes	6 Months Ended
	Aug. 04, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The net tax expense of $5 million for the three months ended August 4, 2018 consisted of state and foreign tax expenses of $3 million , $1 million of expense related to the deferred tax asset change arising from the tax amortization of indefinite-lived intangible assets, net tax expense of $1 million resulting from state audit settlements and $1 million of net tax expense resulting from enacted state law changes, offset by a $1 million benefit relating to other comprehensive income. The net tax expense of $4 million for the six months ended August 4, 2018 consisted of state and foreign tax expenses of $5 million and $2 million of expense related to the deferred tax asset change arising from the tax amortization of indefinite-lived intangible assets and $1 million of net tax expense resulting from enacted state law changes, offset by a $3 million benefit relating to other comprehensive income and a net tax benefit of $1 million resulting from state audit settlements. As of August 4, 2018 , we have approximately $2.3 billion of net operating losses (NOLs) available for U.S. federal income tax purposes, which largely expire in 2032 through 2034 and $58 million of tax credit carryforwards that expire at various dates through 2035. A valuation allowance of $560 million (restated for the tax effects of revenue recognition) fully offsets the federal deferred tax assets resulting from the NOL and tax credit carryforwards that expire at various dates through 2034. A valuation allowance of $240 million fully offsets the deferred tax assets resulting from the state NOL carryforwards that expire at various dates through 2036. 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. Accordingly, in the three and six months ended August 4, 2018 , the valuation allowance was increased by $21 million and $34 million , respectively, to offset the net deferred tax assets created in the quarter relating primarily to the increase in NOL carryforwards.

Litigation, Other Contingencies

Litigation, Other Contingencies and Guarantees	6 Months Ended
	Aug. 04, 2018
Litigation, Other Contingencies and Guarantees [Abstract]
Litigation, Other Contingencies and Guarantees	Litigation and Other Contingencies Litigation Shareholder Derivative Litigation In October, 2013, two purported shareholder derivative actions were filed against certain present and former members of the Company’s Board of Directors and executives by the following parties in the U.S. District Court, Eastern District of Texas, Sherman Division: Weitzman (filed October 2, 2013) and Zauderer (filed October 3, 2013). The Company is named as a nominal defendant in both suits. The lawsuits assert claims for breaches of fiduciary duties and unjust enrichment based upon alleged false and misleading statements and/or omissions regarding the Company’s financial condition. The lawsuits seek unspecified compensatory damages, restitution, disgorgement by the defendants of all profits, benefits and other compensation, equitable relief to reform the Company’s corporate governance and internal procedures, reasonable costs and expenses, and other relief as the court may deem just and proper. On October 28, 2013, the Court consolidated the two cases into the Weitzman lawsuit. On January 15, 2014, the Court entered an order staying the derivative suits pending certain events in related class action securities litigation. On January 24, 2018, the Court issued an order reopening the suits. Also, in March 2016, plaintiff Frank Lipsius filed a purported shareholder derivative action against certain present and former members of the Company's Board of Directors and executives in the District Court of Collin County in the State of Texas. The Company is named as a nominal defendant in the suit. The suit generally mirrors the allegations contained in the Weitzman and Zauderer suits discussed above, and seeks similar relief. On May 18, 2017, plaintiff in the Lipsius suit voluntarily dismissed the Collin County action, and on May 19, 2017, refiled the action in the District Court of Dallas County, Texas. The parties have reached an agreement, subject to court approval, to settle the federal and state court derivative litigation. On June 8, 2017, the Company’s Board of Directors received a demand from a purported shareholder of the Company, Douglas Carlson, to conduct an investigation regarding potential claims that certain present and former members of the Board of Directors and executives violated federal securities law and/or breached their fiduciary duties to the Company based upon allegations similar to those in the shareholder derivative litigation. The Board of Directors appointed a committee of independent directors (the "Demand Review Committee") to review the demand and make a recommendation to the Board of Directors regarding a response to the demand. In November 2017, the Demand Review Committee completed its review and recommended that the demand be denied, which recommendation was adopted by the Board of Directors. While no assurance can be given as to the ultimate outcome of these matters, we believe that the final resolution of these actions will not have a material adverse effect on our results of operations, financial position, liquidity or capital resources. Other Legal Proceedings The District Attorney’s office for the County of San Joaquin, California, joined by District Attorneys for other counties in California, recently concluded an investigation regarding the handling and disposal at JCP’s California stores and distribution centers of certain materials that may be deemed hazardous or universal waste under California law. On February 21, 2018, the District Attorneys provided a settlement demand to JCP that included a proposed civil penalty, reimbursement of investigation costs, enhancements to JCP’s compliance program and certain injunctive relief. JCP is currently engaged in settlement negotiations. While no assurance can be given as to the ultimate outcome of this matter, we believe that the final resolution will not have a material adverse effect on our results of operations, financial position, liquidity or capital resources. We are subject to various other legal and governmental proceedings involving routine litigation incidental to our business. Accruals have been established based on our best estimates of our potential liability in certain of these matters, including certain matters discussed above, all of which we believe aggregate to an amount that is not material to the Consolidated Financial Statements. These estimates were developed in consultation with in-house and outside counsel. While no assurance can be given as to the ultimate outcome of these matters, we currently believe that the final resolution of these actions, individually or in the aggregate, will not have a material adverse effect on our results of operations, financial position, liquidity or capital resources. Contingencies As of August 4, 2018 , we have an estimated accrual of $20 million related to potential environmental liabilities that is recorded in Other accounts payable and accrued expenses and Other liabilities in the unaudited Interim Consolidated Balance Sheet. This estimate covered potential liabilities primarily related to underground storage tanks, remediation of environmental conditions involving our former drugstore locations and asbestos removal in connection with approved plans to renovate or dispose of our facilities. We continue to assess required remediation and the adequacy of environmental reserves as new information becomes available and known conditions are further delineated. If we were to incur losses at the estimated amount, we do not believe that such losses would have a material effect on our financial condition, results of operations or liquidity.

Basis of Presentation and Con22

Basis of Presentation and Consolidation (Policy)	6 Months Ended
	Aug. 04, 2018
Basis of Presentation and Consolidation [Abstract]
Consolidation, Policy	J. C. Penney Company, Inc. is a holding company whose principal operating subsidiary is J. C. Penney Corporation, Inc. (JCP). JCP was incorporated in Delaware in 1924 , and J. C. Penney Company, Inc. was incorporated in Delaware in 2002 , when the holding company structure was implemented. The holding company has no independent assets or operations, and no direct subsidiaries other than JCP. The holding company and its consolidated subsidiaries, including JCP, are collectively referred to in this quarterly report as “we,” “us,” “our,” “ourselves” or the “Company,” unless otherwise indicated. J. C. Penney Company, Inc. is a co-obligor (or guarantor, as appropriate) regarding the payment of principal and interest on JCP’s outstanding debt securities. The guarantee of certain of JCP’s outstanding debt securities by J. C. Penney Company, Inc. is full and unconditional. These unaudited Interim Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) and in accordance with the rules and regulations of the Securities and Exchange Commission (SEC). The accompanying unaudited Interim Consolidated Financial Statements, in our opinion, include all material adjustments necessary for a fair presentation and should be read in conjunction with the audited Consolidated Financial Statements and notes thereto in our Annual Report on Form 10-K for the fiscal year ended February 3, 2018 ( 2017 Form 10-K). We follow substantially the same accounting policies to prepare quarterly financial statements as are followed in preparing annual financial statements. A description of such significant accounting policies is included in the 2017 Form 10-K. The February 3, 2018 financial information was derived from the audited Consolidated Financial Statements, with related footnotes, included in the 2017 Form 10-K. Because of the seasonal nature of the retail business, operating results for interim periods are not necessarily indicative of the results that may be expected for the full year.
Fiscal Period, Policy	Our fiscal year ends on the Saturday closest to January 31. As used herein, “three months ended August 4, 2018 ” and “ second quarter of 2018 ” refers to the 13-week period ended August 4, 2018 , and “three months ended July 29, 2017 ” and “ second quarter of 2017 ” refers to the 13-week period ended July 29, 2017 . " Six months ended August 4, 2018 " and " six months ended July 29, 2017 " refer to the 26-week periods ended August 4, 2018 and July 29, 2017 , respectively. Fiscal year 2018 contains 52 weeks, and fiscal year 2017 contains 53 weeks.
Reclassification, Policy	Certain reclassifications were made to prior period amounts to conform to the current period presentation.

Change in Accounting for Reve23

Change in Accounting for Revenue Recognition and Retirement-Related Benefits (Tables)	6 Months Ended
	Aug. 04, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Schedule of Prior Period Adjustments Made to Consolidated Statements of Operations [Table Text Block]	Consolidated Statements of Operations Three Months Ended Six Months Ended July 29, 2017 July 29, 2017 ($ in millions, except per share data) Previously Reported As Adjusted Effect of Change Previously Reported As Adjusted Effect of Change Total net sales $ 2,962 $ 2,985 $ 23 $ 5,668 $ 5,686 $ 18 Credit income and other — 83 83 — 166 166 Cost of goods sold (exclusive of depreciation and amortization) 1,923 1,932 9 3,646 3,657 11 Selling, general and administrative (SG&A) 842 935 93 1,685 1,873 188 Pension (4 ) — 4 (6 ) — 6 Restructuring and management transition 23 23 — 243 123 (120 ) Operating income/(loss) 53 53 — (52 ) 47 99 Other components of net periodic pension cost/(income) — (14 ) (14 ) — 92 92 Income/(loss) before income taxes (61 ) (47 ) 14 (253 ) (246 ) 7 Net income/(loss) $ (62 ) $ (48 ) $ 14 $ (242 ) $ (235 ) $ 7 Basic earnings/(loss) per common share $ (0.20 ) $ (0.15 ) $ 0.05 $ (0.78 ) $ (0.76 ) $ 0.02 Diluted earnings/(loss) per common share $ (0.20 ) $ (0.15 ) $ 0.05 $ (0.78 ) $ (0.76 ) $ 0.02
Schedule of Prior Period Adjustments Made to Consolidated Statements of Comprehensive Income Loss [Table Text Block]	Consolidated Statements of Comprehensive Income/(Loss) Three Months Ended Six Months Ended July 29, 2017 July 29, 2017 ($ in millions) Previously Reported As Adjusted Effect of Change Previously Reported As Adjusted Effect of Change Net income/(loss) $ (62 ) $ (48 ) $ 14 $ (242 ) $ (235 ) $ 7
Schedule of Prior Period Adjustments Made to Consolidated Balance Sheet [Table Text Block]	Consolidated Balance Sheets July 29, 2017 February 3, 2018 ($ in millions) Previously Reported As Adjusted Effect of Change Previously Reported As Adjusted Effect of Change Merchandise inventory $ 2,777 $ 2,820 $ 43 $ 2,762 $ 2,803 $ 41 Other accounts payable and accrued expenses 1,091 1,121 30 1,119 1,156 37 Reinvested earnings/(accumulated deficit) (3,248 ) (3,235 ) 13 (3,122 ) (3,118 ) 4
Schedule of Prior Period Adjustments Made to Consolidated Statements of Cash Flows [Table Text Block]	Consolidated Statements of Cash Flows Six Months Ended July 29, 2017 ($ in millions) Previously Reported As Adjusted Effect of Change Cash flows from operating activities: Net income/(loss) $ (242 ) $ (235 ) $ 7 Inventory 77 76 (1 ) Accrued expenses and other (66 ) (72 ) (6 )

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Aug. 04, 2018
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue [Table Text Block]	The following table provides the components of Net sales for the three and six months ended August 4, 2018 and July 29, 2017 : Three Months Ended Six Months Ended ($ in millions) August 4, 2018 July 29, 2017 August 4, 2018 July 29, 2017 As Adjusted As Adjusted Women’s apparel $ 694 25 % $ 748 25 % $ 1,308 25 % $ 1,426 25 % Men’s apparel and accessories 563 20 % 618 21 % 1,063 20 % 1,147 20 % Home 361 13 % 415 14 % 716 13 % 790 14 % Women’s accessories, including Sephora 345 13 % 365 12 % 700 13 % 722 13 % Children’s, including toys 241 9 % 246 8 % 448 8 % 473 8 % Footwear and handbags 227 8 % 251 8 % 440 8 % 483 8 % Jewelry 151 5 % 149 5 % 312 6 % 308 6 % Services and other 180 7 % 193 7 % 359 7 % 337 6 % Total net sales $ 2,762 100 % $ 2,985 100 % $ 5,346 100 % $ 5,686 100 %

Revenue Contract with Customer

Revenue Contract with Customer Liability (Tables)	6 Months Ended
	Aug. 04, 2018
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability [Table Text Block]	The liabilities related to our gift cards and our customer loyalty program are included in Other accounts payable and accrued expenses in the unaudited Interim Consolidated Balance Sheets and constitute our contract liability. The balance of these liabilities were as follows: (in millions) August 4, 2018 July 29, 2017 February 3, 2018 Gift cards $ 116 $ 118 $ 144 Loyalty rewards 62 76 73 Total contract liability $ 178 $ 194 $ 217
Change in Contract with Customer, Liability Rollforward [Table Text Block]	Contract liability includes consideration received for gift card and loyalty related performance obligations which have not been satisfied as of a given date. A rollforward of the amounts included in contract liability for the first six months of 2018 and 2017 are as follows: (in millions) 2018 2017 Beginning balance $ 217 $ 228 Current period gift cards sold and loyalty reward points earned 148 209 Net sales from amounts included in contract liability opening balances (59 ) (68 ) Net sales from current period usage (128 ) (175 ) Ending balance $ 178 $ 194

Earnings_(Loss) per Share (Tabl

Earnings/(Loss) per Share (Tables)	6 Months Ended
	Aug. 04, 2018
Earnings Per Share [Abstract]
Earnings/(Loss) per Share	Net income/(loss) and shares used to compute basic and diluted earnings/(loss) per share (EPS) are reconciled below: Three Months Ended Six Months Ended (in millions, except per share data) August 4, July 29, August 4, July 29, Earnings/(loss) Net income/(loss) $ (101 ) $ (48 ) $ (179 ) $ (235 ) Shares Weighted average common shares outstanding (basic shares) 315.7 310.8 314.8 310.2 Adjustment for assumed dilution: Stock options, restricted stock awards and warrant — — — — Weighted average shares assuming dilution (diluted shares) 315.7 310.8 314.8 310.2 EPS Basic $ (0.32 ) $ (0.15 ) $ (0.57 ) $ (0.76 ) Diluted $ (0.32 ) $ (0.15 ) $ (0.57 ) $ (0.76 )
Antidilutive common stock	The following average potential shares of common stock were excluded from the diluted EPS calculation because their effect would have been anti-dilutive: Three Months Ended Six Months Ended (Shares in millions) August 4, July 29, August 4, July 29, Stock options, restricted stock awards and warrant 25.6 33.5 27.2 33.3

Long-Term Debt Long-Term Debt (

Long-Term Debt Long-Term Debt (Tables)	6 Months Ended
	Aug. 04, 2018
Debt Instrument [Line Items]
Schedule of Debt [Table Text Block]	($ in millions) August 4, 2018 July 29, 2017 February 3, 2018 Issue: 5.75% Senior Notes Due 2018 (1) $ — $ 190 $ 190 8.125% Senior Notes Due 2019 (1) 50 175 175 5.65% Senior Notes Due 2020 (1) 110 400 360 2017 Credit Facility (Matures in 2022) 177 — — 2016 Term Loan Facility (Matures in 2023) 1,604 1,646 1,625 5.875% Senior Secured Notes Due 2023 (1) 500 500 500 7.125% Debentures Due 2023 10 10 10 8.625% Senior Secured Second Priority Notes Due 2025 (1) 400 — — 6.9% Notes Due 2026 2 2 2 6.375% Senior Notes Due 2036 (1) 388 388 388 7.4% Debentures Due 2037 313 313 313 7.625% Notes Due 2097 500 500 500 Total debt 4,054 4,124 4,063 Unamortized debt issuance costs (52 ) (56 ) (51 ) Less: current maturities (42 ) (232 ) (232 ) Total long-term debt $ 3,960 $ 3,836 $ 3,780 (1) These debt issuances contain a change of control provision that would obligate us, at the holders’ option, to repurchase the debt at a price of 101%.

Derivative Financial Instrume28

Derivative Financial Instruments (Tables)	6 Months Ended
	Aug. 04, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Liabilities at Fair Value [Table Text Block]	Information regarding the gross amounts of our derivative instruments in the unaudited Interim Consolidated Balance Sheets is as follows: Asset Derivatives at Fair Value Liability Derivatives at Fair Value ($ in millions) Balance Sheet Location August 4, 2018 July 29, 2017 February 3, 2018 Balance Sheet Location August 4, 2018 July 29, 2017 February 3, 2018 Derivatives designated as hedging instruments: Interest rate swaps Prepaid expenses and other $ 1 $ — $ — Other accounts payable and accrued expenses $ — $ 2 $ 1 Interest rate swaps Other assets 16 — 9 Other liabilities — 13 — Total derivatives designated as hedging instruments $ 17 $ — $ 9 $ — $ 15 $ 1

Restructuring and Management 29

Restructuring and Management Transition Charges (Tables)	6 Months Ended
	Aug. 04, 2018
Restructuring Reserve [Abstract]
Composition of Restructuring and Management Transition Charges	The composition of Restructuring and management transition charges was as follows: Three Months Ended Six Months Ended Cumulative Amount From Program Inception Through August 4, 2018 ($ in millions) August 4, July 29, August 4, July 29, Home office and stores 2 23 $ 9 $ 121 $ 482 Other — — — 2 185 Total $ 2 $ 23 $ 9 $ 123 $ 667
Restructuring and Management Transition Charges	Activity for the Restructuring and management transition liability for the six months ended August 4, 2018 was as follows: ($ in millions) Home Office and Stores Other Total February 3, 2018 $ 34 $ 7 $ 41 Charges 12 — 12 Cash payments (25 ) (1 ) (26 ) August 4, 2018 $ 21 $ 6 $ 27

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	6 Months Ended
	Aug. 04, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Instruments Not Carried at Fair Value, Carrying Value and Fair Value	Carrying values and fair values of financial instruments that are not carried at fair value in the unaudited Interim Consolidated Balance Sheets are as follows: August 4, 2018 July 29, 2017 February 3, 2018 ($ in millions) Carrying Amount Fair Value Carrying Amount Fair Value Carrying Amount Fair Value Total debt, excluding unamortized debt issuance costs, capital leases, financing obligation and note payable $ 4,054 $ 3,385 $ 4,124 $ 3,817 $ 4,063 $ 3,607

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Aug. 04, 2018
Stockholders' Equity Note [Abstract]
Schedule of Components in Stockholders' Equity	The following table shows the change in the components of stockholders’ equity for the six months ended August 4, 2018 : (in millions) Number Shares Common Stock Additional Capital Reinvested Deficit) Accumulated Income/(Loss) Total Equity February 3, 2018 312.0 $ 156 $ 4,705 $ (3,118 ) $ (360 ) $ 1,383 Net income/(loss) — — — (179 ) — (179 ) Other comprehensive income/(loss) — — — — 7 7 Stock-based compensation and other 2.8 1 4 — — 5 August 4, 2018 314.8 $ 157 $ 4,709 $ (3,297 ) $ (353 ) $ 1,216
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)	The following table shows the changes in accumulated other comprehensive income/(loss) balances for the six months ended August 4, 2018 : ($ in millions) Net Actuarial Gain/(Loss) Prior Service Credit/(Cost) Gain/(Loss) on Cash Flow Hedges Accumulated Other Income/(Loss) February 3, 2018 $ (330 ) $ (26 ) $ (4 ) $ (360 ) Other comprehensive income/(loss) before reclassifications — — 5 5 Amounts reclassified from accumulated other comprehensive income — 2 — 2 August 4, 2018 $ (330 ) $ (24 ) $ 1 $ (353 )

Retirement Benefit Plans (Table

Retirement Benefit Plans (Tables)	6 Months Ended
	Aug. 04, 2018
Retirement Benefit Plans [Abstract]
Schedule of Pension Plan Expense/(Income)	The components of net periodic pension expense/(income) for our non-contributory qualified defined benefit pension plan and supplemental pension plans were as follows: Three Months Ended Six Months Ended ($ in millions) August 4, July 29, August 4, July 29, Service cost $ 10 $ 10 $ 19 $ 21 Other components of net periodic pension cost/(income): Interest cost 35 37 70 76 Expected return on plan assets (56 ) (53 ) (112 ) (107 ) Amortization of prior service cost/(credit) 2 2 4 4 Settlement expense — — — — Curtailment (gain)/loss recognized — — — 7 Special termination benefit recognized — — — 112 (19 ) (14 ) (38 ) 92 Net periodic pension expense/(income) $ (9 ) $ (4 ) $ (19 ) $ 113

Real Estate and Other, Net Real

Real Estate and Other, Net Real Estate and Other, Net (Tables)	6 Months Ended
	Aug. 04, 2018
Real Estate and Other, Net [Abstract]
Schedule of Other Operating Cost and Expense, by Component [Table Text Block]	The composition of Real estate and other, net was as follows: Three Months Ended Six Months Ended ($ in millions) August 4, July 29, August 4, July 29, Investment income from Home Office Land Joint Venture $ (1 ) $ (19 ) $ (1 ) $ (20 ) Net gain from sale of operating assets (40 ) (1 ) (57 ) (118 ) Impairments 52 — 52 — Other 1 1 — 1 Total expense/(income) $ 12 $ (19 ) $ (6 ) $ (137 )

Basis of Presentation and Con34

Basis of Presentation and Consolidation (Nature of Operations) (Details)	6 Months Ended
	Aug. 04, 2018
Entity Information [Line Items]
State of incorporation	Delaware
J. C. Penney Corporation, Inc. [Member]
Entity Information [Line Items]
Year Incorporated	1,924
J. C. Penney Company, Inc. [Member]
Entity Information [Line Items]
Year Incorporated	2,002

Change in Accounting for Reve35

Change in Accounting for Revenue Recognition and Retirement-Related Benefits (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended			6 Months Ended
		Aug. 04, 2018	Jul. 29, 2017		Aug. 04, 2018	Jul. 29, 2017		Feb. 03, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total net sales		$ 2,762	$ 2,985	[1]	$ 5,346	$ 5,686	[1]
Merchandise inventory		2,824	2,820	[1]	2,824	2,820	[1]	$ 2,803	[1]
Other accounts payable and accrued expenses		1,025	1,121	[1]	1,025	1,121	[1]	1,156	[1]
Credit income and other		67	83	[1]	154	166	[1]
Cost of goods sold (exclusive of depreciation and amortization shown separately below)		1,831	1,932	[1]	3,543	3,657	[1]
Selling, general and administrative (SG&A)		880	935	[1]	1,706	1,873	[1]
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)		(9)	(4)		(19)	113
Restructuring and management transition		2	23	[1]	9	123	[1]
Operating Income (Loss)		(36)	53	[1]	(33)	47	[1]
Other components of net periodic pension cost/(income)		(19)	(14)	[1]	(38)	92	[1]
Income/(loss) before income taxes		(96)	(47)	[1]	(175)	(246)	[1]
Net income/(loss)		(101)	(48)	[1]	(179)	(235)	[1]
Increase (Decrease) in Retail Related Inventories					(21)	76	[1]
Reinvested earnings/(accumulated deficit)		$ (3,297)	$ (3,235)	[1]	(3,297)	(3,235)	[1]	(3,118)	[1]
Accrued expenses and other					$ (115)	$ (72)	[1]
Earnings Per Share, Basic		$ (0.32)	$ (0.15)	[1]	$ (0.57)	$ (0.76)	[1]
Earnings Per Share, Diluted		$ (0.32)	$ (0.15)	[1]	$ (0.57)	$ (0.76)	[1]
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total net sales			$ 2,962			$ 5,668
Merchandise inventory			2,777			2,777		2,762
Other accounts payable and accrued expenses			1,091			1,091		1,119
Credit income and other			0			0
Cost of goods sold (exclusive of depreciation and amortization shown separately below)			1,923			3,646
Selling, general and administrative (SG&A)			842			1,685
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)			(4)			(6)
Restructuring and management transition			23			243
Operating Income (Loss)			53			(52)
Other components of net periodic pension cost/(income)			0			0
Income/(loss) before income taxes			(61)			(253)
Net income/(loss)			(62)			(242)
Increase (Decrease) in Retail Related Inventories						(77)
Reinvested earnings/(accumulated deficit)			$ (3,248)			(3,248)		(3,122)
Accrued expenses and other						$ (66)
Earnings Per Share, Basic			$ (0.20)			$ (0.78)
Earnings Per Share, Diluted			$ (0.20)			$ (0.78)
As Adjusted [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	[1]		$ 0			$ 0
Operating Income (Loss)	[1]		53			47
Income/(loss) before income taxes	[1]		$ (47)			$ (246)
Earnings Per Share, Basic	[1]		$ (0.15)			$ (0.76)
Earnings Per Share, Diluted	[1]		$ (0.15)			$ (0.76)
Effect of Change [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total net sales			$ 23			$ 18
Merchandise inventory			43			43		41
Other accounts payable and accrued expenses			30			30		37
Credit income and other			83			166
Cost of goods sold (exclusive of depreciation and amortization shown separately below)			9			11
Selling, general and administrative (SG&A)			93			188
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)			4			6
Restructuring and management transition			0			(120)
Operating Income (Loss)			0			99
Other components of net periodic pension cost/(income)			(14)			92
Income/(loss) before income taxes			14			7
Net income/(loss)			14			7
Increase (Decrease) in Retail Related Inventories						1
Reinvested earnings/(accumulated deficit)			$ 13			13		$ 4
Accrued expenses and other						$ (6)
Earnings Per Share, Basic			$ 0.05			$ 0.02
Earnings Per Share, Diluted			$ 0.05			$ 0.02
[1]	As Adjusted

Effect of New Accounting Stan36

Effect of New Accounting Standards (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	[1]	Aug. 04, 2018	Jul. 29, 2017	[1]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net income/(loss)	$ (101)	$ (48)		$ (179)	$ (235)
Accounting Standards Update 2016-05 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New accounting pronouncement or change in accounting principle, description				In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (a consensus of the FASB Emerging Issues Task Force) (ASU 2016-15). ASU 2016-15 clarifies how entities should classify certain cash receipts and cash payments on the statement of cash flows. The guidance also clarifies how the predominance principle should be applied when cash receipts and cash payments have aspects of more than one class of cash flows. The guidance is effective for fiscal years beginning after December 15, 2017, and interim periods therein. Entities should apply the guidance retrospectively, but if it is impracticable to do so for an issue, the amendments related to that issue may be applied prospectively. We have adopted ASU 2016-15 on February 4, 2018 and it did not have a significant impact on our accounting and disclosures.
Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New accounting pronouncement or change in accounting principle, description				In February 2016, the FASB issued ASC Topic 842, Leases (Topic 842), a replacement of Leases (Topic 840) and updated by various targeted improvements, which will require lessees to recognize most leases on their balance sheets as lease liabilities with corresponding right-of-use assets. While many aspects of lessor accounting would remain the same, the new standard would make some changes, such as eliminating today’s real estate-specific guidance. As a globally converged standard, lessees and lessors would be required to classify most leases using a principle generally consistent with that of International Accounting Standards. The standard also would change what would be considered the initial direct costs of a lease. The standard would be effective for annual periods beginning after December 15, 2018 and interim periods within that year and must be adopted by a modified retrospective method, with elective reliefs, which requires application of the new guidance for all periods presented, or by an optional transition method, which would allow the application of current legacy guidance, including its disclosure requirements, in the comparative periods presented in the year of adoption. The Company plans to use the optional transition method when adopting the new standard. We have developed a project team to analyze the impacts of the new standard on our current accounting policies and internal controls and the changes required to be made by our leasing software provider. With almost 70% of our store locations involved in an operating lease, the new standard will have a significant impact on our financial statements due to the recognition of lease liabilities and right-of-use assets that are not required by the current accounting requirements for operating leases. Given the magnitude of the project to implement the new standard, we are still evaluating the effect that the new accounting guidance will have on our financial condition, results of operations and cash flows.
[1]	As Adjusted

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	[1]	Aug. 04, 2018	Jul. 29, 2017	[1]
Disaggregation of Revenue [Line Items]
Total net sales	$ 2,762	$ 2,985		$ 5,346	$ 5,686
Women's apparel [Member]
Disaggregation of Revenue [Line Items]
Percent of Total Net Sales	25.00%	25.00%		25.00%	25.00%
Total net sales	$ 694	$ 748		$ 1,308	$ 1,426
Men's apparel and accessories [Member]
Disaggregation of Revenue [Line Items]
Percent of Total Net Sales	20.00%	21.00%		20.00%	20.00%
Total net sales	$ 563	$ 618		$ 1,063	$ 1,147
Home [Member]
Disaggregation of Revenue [Line Items]
Percent of Total Net Sales	13.00%	14.00%		13.00%	14.00%
Total net sales	$ 361	$ 415		$ 716	$ 790
Women's accessories, including Sephora [Member]
Disaggregation of Revenue [Line Items]
Percent of Total Net Sales	13.00%	12.00%		13.00%	13.00%
Total net sales	$ 345	$ 365		$ 700	$ 722
Children's, including toys [Member]
Disaggregation of Revenue [Line Items]
Percent of Total Net Sales	9.00%	8.00%		8.00%	8.00%
Total net sales	$ 241	$ 246		$ 448	$ 473
Footwear and handbags [Member]
Disaggregation of Revenue [Line Items]
Percent of Total Net Sales	8.00%	8.00%		8.00%	8.00%
Total net sales	$ 227	$ 251		$ 440	$ 483
Jewelry [Member]
Disaggregation of Revenue [Line Items]
Percent of Total Net Sales	5.00%	5.00%		6.00%	6.00%
Total net sales	$ 151	$ 149		$ 312	$ 308
Services and other [Member]
Disaggregation of Revenue [Line Items]
Percent of Total Net Sales	7.00%	7.00%		7.00%	6.00%
Total net sales	$ 180	$ 193		$ 359	$ 337
Total [Member]
Disaggregation of Revenue [Line Items]
Percent of Total Net Sales	100.00%	100.00%		100.00%	100.00%
[1]	As Adjusted

Revenue Contract with Custome38

Revenue Contract with Customer Liability (Details) - USD ($) $ in Millions	6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability	$ 217	$ 228
Contract with Customer Liability [Roll Forward]
Beginning Balance	217	228
Current Period Gift Cards Sold and Reward Points Earned	148	209
Net Sales From Amounts Included in Contract Liability Opening Balances	(59)	(68)
Net Sales from Current Period Usage	(128)	(175)
Ending Balance	178	194
Gift Cards [Member]
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability	144	118
Contract with Customer Liability [Roll Forward]
Beginning Balance	144
Ending Balance	116	118
Loyalty Rewards [Member]
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability	73	76
Contract with Customer Liability [Roll Forward]
Beginning Balance	73
Ending Balance	62	76
Total [Member]
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability	217	194
Contract with Customer Liability [Roll Forward]
Beginning Balance	217
Ending Balance	$ 178	$ 194

Earnings_(Loss) per Share (Deta

Earnings/(Loss) per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended			6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017		Aug. 04, 2018	Jul. 29, 2017
Earnings Per Share [Abstract]
Net income/(loss)	$ (101)	$ (48)	[1]	$ (179)	$ (235)	[1]
Weighted average common shares outstanding (basic shares)	315.7	310.8	[1]	314.8	310.2	[1]
Weighted average shares assuming dilution (diluted shares)	315.7	310.8	[1]	314.8	310.2	[1]
Basic (in dollars per share)	$ (0.32)	$ (0.15)	[1]	$ (0.57)	$ (0.76)	[1]
Diluted (in dollars per share)	$ (0.32)	$ (0.15)	[1]	$ (0.57)	$ (0.76)	[1]
Stock options, restricted stock awards and warrant	25.6	33.5		27.2	33.3
[1]	As Adjusted

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Millions		3 Months Ended				6 Months Ended
		Aug. 04, 2018	May 05, 2018	Jul. 29, 2017		Aug. 04, 2018	Jul. 29, 2017		Feb. 03, 2018
Debt Instrument, Face Amount			$ 400
Less: current maturities		$ (42)		$ (232)	[1]	$ (42)	$ (232)	[1]	$ (232)	[1]
Unamortized debt issuance costs		(52)		(56)		(52)	(56)		(51)
Total debt		4,054		4,124		4,054	4,124		4,063
Total long-term debt		3,960		3,836	[1]	3,960	3,836	[1]	3,780	[1]
(Gain)/loss on extinguishment of debt		$ 0		35	[1]	23	35	[1]
Premium on early retirement of debt			20			$ 20	30	[1]
Payment for Debt Extinguishment or Debt Prepayment Cost			1
Write off of Deferred Debt Issuance Cost			2
Senior Notes 5.65% Due 2020 [Member]
Debt Instrument, Interest Rate, Stated Percentage		5.65%				5.65%
Unsecured Long-term Debt, Noncurrent	[2]	$ 110		400		$ 110	400		360
Senior Notes 5.75% Due 2018 [Member]
Debt Instrument, Interest Rate, Stated Percentage		5.75%				5.75%
Unsecured Long-term Debt, Noncurrent	[2]	$ 0		190		$ 0	190		190
Senior Secured Notes Five Point Eight Seven Five Percent Due2023 [Member]
Debt Instrument, Interest Rate, Stated Percentage		5.875%				5.875%
Secured Long-term Debt, Noncurrent	[2]	$ 500		500		$ 500	500		500
Senior Notes 6.375% Due 2036 [Member]
Debt Instrument, Interest Rate, Stated Percentage		6.375%				6.375%
Unsecured Long-term Debt, Noncurrent	[2]	$ 388		388		$ 388	388		388
Notes 6.9% Due 2026 [Member]
Debt Instrument, Interest Rate, Stated Percentage		6.90%				6.90%
Unsecured Long-term Debt, Noncurrent		$ 2		2		$ 2	2		2
Debentures 7.125% Due 2023 [Member]
Debt Instrument, Interest Rate, Stated Percentage		7.125%				7.125%
Unsecured Long-term Debt, Noncurrent		$ 10		10		$ 10	10		10
Senior Secured Second Priority Notes 8.625% due 2025 [Member]
Debt Instrument, Interest Rate, Stated Percentage		8.625%				8.625%
Secured Long-term Debt, Noncurrent	[2]	$ 400		0		$ 400	0		0
Debentures 7.4% Due 2037 [Member]
Debt Instrument, Interest Rate, Stated Percentage		7.40%				7.40%
Unsecured Long-term Debt, Noncurrent		$ 313		313		$ 313	313		313
Notes 7.625% Due 2097 [Member]
Debt Instrument, Interest Rate, Stated Percentage		7.625%				7.625%
Unsecured Long-term Debt, Noncurrent		$ 500		500		$ 500	500		500
2017 Credit Facility [Member]
Secured Long-term Debt, Noncurrent		$ 177		0		$ 177	0		0
Senior Notes 8.125% due 2019 [Member]
Debt Instrument, Interest Rate, Stated Percentage		8.125%				8.125%
Unsecured Long-term Debt, Noncurrent	[2]	$ 50		175		$ 50	175		175
2016 Term Loan Facility [Member]
Secured Long-term Debt, Noncurrent		1,604		1,646		1,604	1,646		1,625
Notes And Debentures Including Current Maturities [Member]
Total debt		$ 4,054		$ 4,124		$ 4,054	$ 4,124		$ 4,063
Senior Notes 5.65% Due 2020 [Member]
Debt repurchase, aggregate consideration paid			250
Senior Notes 8.125% due 2019 [Member]
Debt repurchase, aggregate consideration paid			125
Portions of Senior Notes due 2018 and Senior Notes due 2019 [Member]
(Gain)/loss on extinguishment of debt			$ (23)
[1]	As Adjusted
[2]	These debt issuances contain a change of control provision that would obligate us, at the holders’ option, to repurchase the debt at a price of 101%.

Derivative Financial Instrume41

Derivative Financial Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017	May 07, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Discussion of Objectives for Using Interest Rate Derivative Instruments	Fix a portion of our variable LIBOR-based interest payments
Interest Rate Cash Flow Hedge Liability at Fair Value	$ 0	$ 1	$ 15
Interest Rate Cash Flow Hedge Asset at Fair Value	$ 17	9
Derivative, Notional Amount				$ 1,250
Derivative, Average Fixed Interest Rate				2.04%
Description of Reclassification of Interest Rate Cash Flow Hedge Gain (Loss)	Amounts in Accumulated other comprehensive income/(loss) are reclassified into net income/(loss) when the related interest payments affect earnings
Description of Location of Interest Rate Cash Flow Hedge Derivative on Balance Sheet	The fair value of our interest rate swaps are recorded on the unaudited Interim Consolidated Balance Sheets as an asset or a liability (see Note 9).
Description of Location of Gain (Loss) on Interest Rate Cash Flow Hedge Derivative in Financial Statements	The effective portion of the interest rate swaps' changes in fair values is reported in Accumulated other comprehensive income/(loss) (see Note 10), and the ineffective portion is reported in Net income/(loss).
Description of Interest Rate Derivative Activities	We have entered into interest rate swap agreements with notional amounts totaling $1,250 million to fix a portion of our variable LIBOR-based interest payments. The interest rate swap agreements have a weighted-average fixed rate of 2.04%, mature on May 7, 2020 and have been designated as cash flow hedges.
Effectiveness of interest rate swaps	100.00%
Prepaid Expenses and Other Current Assets [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Cash Flow Hedge Asset at Fair Value	$ 1
Other Liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Cash Flow Hedge Liability at Fair Value	0	0	13
Other Accounts Payable and Accrued Expenses [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Cash Flow Hedge Liability at Fair Value	0	1	$ 2
Other Assets [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Cash Flow Hedge Asset at Fair Value	$ 16	$ 9

Restructuring and Management 42

Restructuring and Management Transition Cumulative Charges (Details) $ in Millions	3 Months Ended			6 Months Ended
	Aug. 04, 2018USD ($)	Jul. 29, 2017USD ($)	Apr. 29, 2017USD ($)storesemployee	Aug. 04, 2018USD ($)	Jul. 29, 2017USD ($)	Mar. 31, 2017Rate	Jan. 28, 2017Rate
Restructuring Cost and Reserve [Line Items]
Severance Costs			$ 14
Number of employees eligible for VERP | employee			6,000
Number of employees accepted VERP | employee			2,800
Defined Benefit Plan, Benefit Obligation, Special and Contractual Termination Benefits	$ 0	$ 0	$ 112	$ 0	$ (112)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Curtailment	0	0	$ 7	0	(7)
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | Rate						4.34%	4.40%
Number of stores announced closing | stores			138
Asset Impairment Charges	52	0	$ 77	52	0
Home Office And Stores [Member]
Restructuring Cost and Reserve [Line Items]
Charges	2	23		9	121
Cumulative Amount	482			482
Other Restructuring And Management Transition [Member]
Restructuring Cost and Reserve [Line Items]
Charges	0	0		0	2
Cumulative Amount	185			185
Total [Member]
Restructuring Cost and Reserve [Line Items]
Charges	2	$ 23		9	$ 123
Cumulative Amount	$ 667			$ 667
Pension Plan [Member]
Restructuring Cost and Reserve [Line Items]
Defined benefit plan increase (decrease) due to special retirement benefits			88
Defined Benefit Plan, Funded Status of Plan, Percent | Rate						98.00%
Defined benefit plan incr (decr) in FV of assets due to remeasurement and curtailment			34
Defined benefit plan obligation increase (decrease) due to remeasurement and curtailment			3
Supplemental Employee Retirement Plan [Member]
Restructuring Cost and Reserve [Line Items]
Defined benefit plan increase (decrease) due to special retirement benefits			24
Defined benefit plan obligation increase (decrease) due to remeasurement and curtailment			$ (3)

Restructuring and Management 43

Restructuring and Management Transition Charges (Liability Activity) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Home Office And Stores [Member]
Restructuring Reserve [Roll Forward]
February 3, 2018			$ 34
Charges	$ 2	$ 23	9	$ 121
Restructuring and Related Cost, Incurred Cost			12
Cash payments			(25)
August 4, 2018	21		21
Other Restructuring And Management Transition [Member]
Restructuring Reserve [Roll Forward]
February 3, 2018			7
Charges	0	0	0	2
Restructuring and Related Cost, Incurred Cost			0
Cash payments			(1)
August 4, 2018	6		6
Total [Member]
Restructuring Reserve [Roll Forward]
February 3, 2018			41
Charges	2	$ 23	9	$ 123
Restructuring and Related Cost, Incurred Cost			12
Cash payments			(26)
August 4, 2018	$ 27		$ 27

Fair Value Disclosures (Other F

Fair Value Disclosures (Other Financial Instruments) (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Apr. 29, 2017	Aug. 04, 2018	Jul. 29, 2017	Feb. 03, 2018
Fair Value Disclosures [Abstract]
Total debt, excluding unamortized debt issuance costs, capital leases, financing obligation and note payable, Fair Value	$ 3,385	$ 3,817		$ 3,385	$ 3,817	$ 3,607
Total debt, excluding unamortized debt issuance costs, capital leases, financing obligation and note payable, carrying amount	4,054	4,124		4,054	4,124	4,063
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of long-lived assets impaired, fair value disclosure	72		$ 86	72
Asset Impairment Charges	52	0	77	52	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	16			16		$ 9
Derivative Liability		$ (13)			(13)
Assets, Fair Value Disclosure	$ 20		$ 9	$ 20
Restructuring and management transition [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Impairment Charges					$ 77

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended			6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017		Aug. 04, 2018	Jul. 29, 2017
Increase (Decrease) in Stockholders' Equity [Roll Forward]
February 3, 2018, shares				312
February 3, 2018				$ 1,383
Net income/(loss)	$ (101)	$ (48)	[1]	(179)	$ (235)	[1]
Other comprehensive income/(loss)	$ 1	$ 2	[1]	7	$ 27
Stock-based compensation and other				$ 5
August 4, 2018, shares	314.8	310.3		314.8	310.3
August 4, 2018	$ 1,216			$ 1,216
Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
February 3, 2018, shares				312
February 3, 2018				$ 156
Stock-based compensation, shares				2.8
Stock-based compensation and other				$ 1
August 4, 2018, shares	314.8			314.8
August 4, 2018	$ 157			$ 157
Additional Paid-in Capital [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
February 3, 2018				4,705
Stock-based compensation and other				4
August 4, 2018	4,709			4,709
Reinvested Earnings/(Accumulated Deficit) [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
February 3, 2018				(3,118)
Net income/(loss)				(179)
August 4, 2018	(3,297)			(3,297)
Accumulated Other Comprehensive Income/(Loss) [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
February 3, 2018				(360)
Other comprehensive income/(loss)				7
August 4, 2018	$ (353)			$ (353)
[1]	As Adjusted

Stockholders' Equity (Component

Stockholders' Equity (Components of Other Comprehensive Income/ (Loss) (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017		Aug. 04, 2018	Jul. 29, 2017
Stockholders' Equity Note [Abstract]
Total, net of tax	$ 1	$ 2	[1]	$ 7	$ 27
[1]	As Adjusted

Stockholders' Equity (Accumulat

Stockholders' Equity (Accumulated Other Comprehensive Income/ (Loss) (Details) - USD ($) $ in Millions		3 Months Ended			6 Months Ended
		Aug. 04, 2018	Jul. 29, 2017	[1]	Aug. 04, 2018	Jul. 29, 2017
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
February 3, 2018	[1]				$ (360)
Amounts reclassified from accumulated other comprehensive income, Prior Service Credit/(Cost), net of tax		$ (1)	$ (1)		(2)	$ (2)	[1]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax		0	2		0	4	[1]
Net current-period other comprehensive income		1	2		7	27
August 4, 2018		(353)	$ (446)		(353)	$ (446)	[1]
Net Actuarial Gain/(Loss) [Member]
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
February 3, 2018					(330)
Other comprehensive income (loss) before reclassifications, gain (loss) on cash flow hedges, net of tax					0
Reclassification for net actuarial (gain)/loss (x)					0
August 4, 2018		(330)			(330)
Prior Service Credit/(Cost) [Member]
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
February 3, 2018					(26)
Other comprehensive income (loss) before reclassifications, gain (loss) on cash flow hedges, net of tax					0
Amounts reclassified from accumulated other comprehensive income, Prior Service Credit/(Cost), net of tax					2
August 4, 2018		(24)			(24)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
February 3, 2018					(4)
Other comprehensive income (loss) before reclassifications, gain (loss) on cash flow hedges, net of tax					5
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax					0
August 4, 2018		1			1
Accumulated Other Comprehensive Income/(Loss) [Member]
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
February 3, 2018					(360)
Other comprehensive income (loss) before reclassifications, gain (loss) on cash flow hedges, net of tax					5
Amounts reclassified from accumulated other comprehensive income, Accumulated Other Comprehensive Income/(Loss)					2
Net current-period other comprehensive income					7
August 4, 2018		$ (353)			$ (353)
[1]	As Adjusted

Stockholders' Equity (Reclassif

Stockholders' Equity (Reclassifications Out of Accumulated Other Comprehensive Income/ (Loss) (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017		Aug. 04, 2018	Jul. 29, 2017
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Total, net of tax	$ 1	$ 2	[1]	$ 7	$ 27
[1]	As Adjusted

Retirement Benefit Plans (Net P

Retirement Benefit Plans (Net Periodic Expense) (Details) $ in Millions	3 Months Ended				6 Months Ended
	Aug. 04, 2018USD ($)	Jul. 29, 2017USD ($)		Apr. 29, 2017USD ($)employee	Aug. 04, 2018USD ($)	Jul. 29, 2017USD ($)		Mar. 31, 2017Rate	Jan. 28, 2017Rate
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of employees eligible for VERP | employee				6,000
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | Rate								4.34%	4.40%
Service cost	$ 10	$ 10			$ 19	$ 21
Interest cost	35	37			70	76
Expected return on plan assets	(56)	(53)			(112)	(107)
Amortization of prior service cost/(credit)	2	2			4	4
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement	0	0			0	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Curtailment	0	0		$ (7)	0	7
Net periodic pension expense/(income)	(9)	(4)			(19)	113
Number of employees accepted VERP | employee				2,800
Defined Benefit Plan, Benefit Obligation, Special and Contractual Termination Benefits	0	0		$ (112)	0	112
Other components of net periodic pension cost/(income)	$ (19)	$ (14)	[1]		$ (38)	$ 92	[1]
[1]	As Adjusted

Real Estate and Other, Net (Det

Real Estate and Other, Net (Details) $ in Millions	3 Months Ended					6 Months Ended
	Aug. 04, 2018USD ($)	May 05, 2018USD ($)	Jul. 29, 2017USD ($)		Apr. 29, 2017USD ($)	Aug. 04, 2018USD ($)	Jul. 29, 2017USD ($)		May 03, 2014a
Net gain from sale of operating assets [Line Items]
Fair value of third airplane sold	$ 8					$ 8
Joint venture land (in acres) | a									220
Real estate and other (income)/expense, net	12		$ (19)	[1]		(6)	$ (137)	[1]
Investment income from Home Office Land Joint Venture	1		19			1	20
(Gain) Loss on Disposition of Property Plant Equipment	(40)		(1)			(57)	(118)	[1]
Other Asset Impairment Charges	52		0		$ 77	52	0
Assets, Fair Value Disclosure	12					12
Home Office Land Joint Venture, aggregate cash distribution	1		20			1	28
Net sale price of Milwaukee WI distribution facility		$ 30
Net gain on sale of Milwaukee WI distribution facility		$ (12)
Net sale price of Manchester CT distribution facility	68
Net gain on sale of Manchester CT distribution facility	(38)
Net gain from sale of operating assets					(111)
Net sale price of Buena Park CA distribution facility					$ 131
Other Cost and Expense, Operating	$ 1		$ 1			$ 0	$ 1
[1]	As Adjusted

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	[1]	Aug. 04, 2018	Jul. 29, 2017	[1]
Income Tax Contingency [Line Items]
Income tax expense/(benefit)	$ 5	$ 1		$ 4	$ (11)
Increase to tax valuation allowance for deferred tax assets	21			$ 34
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.
Other Comprehensive Income Tax Benefit	1			$ 3
State Audit Settlement	1			1
Enacted state law changes	1			(1)
Net operating loss carryforwards	2,300			2,300
State and foreign [Member]
Income Tax Contingency [Line Items]
State and foreign tax expenses	(3)			(5)
Amortization of certain indefinite lived intangible assets [Member]
Income Tax Contingency [Line Items]
State and foreign tax expenses	(1)			(2)
Federal [Member]
Income Tax Contingency [Line Items]
Tax credit carryforwards	58			58
Federal tax authority [Member]
Income Tax Contingency [Line Items]
Valuation allowance	560			560
State Tax Authority [Member]
Income Tax Contingency [Line Items]
Valuation allowance	$ 240			$ 240
[1]	As Adjusted

Litigation, Other Contingenci52

Litigation, Other Contingencies and Guarantees (Narrative) (Details) $ in Millions	Aug. 04, 2018USD ($)
Loss Contingencies [Line Items]
Recorded Best Estimate Environmental Liabilities	$ 20