Old COPPER (CPPRQ) 10-Q 29 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	May 04, 2019	May 24, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	J C PENNEY CO INC
Entity Central Index Key	0001166126
Current Fiscal Year End Date	--02-01
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	May 4, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		316,816,776
Entity Emerging Growth Company	false
Entity Small Business	false
Trading Symbol	jcp

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Income Statement [Abstract]
Total net sales	$ 2,439	$ 2,584
Credit income and other	116	87
Total revenues	2,555	2,671
Cost of goods sold (exclusive of depreciation and amortization shown separately below)	1,630	1,712
Selling, general and administrative (SG&A)	856	826
Depreciation and amortization	147	141
Real estate and other, net	5	18
Restructuring and management transition	20	7
Total costs and expenses	2,648	2,668
Operating income/(loss)	(93)	3
Other components of net periodic pension cost/(income)	(13)	(19)
(Gain)/loss on extinguishment of debt	0	23
Net interest expense	73	78
Income/(loss) before income taxes	(153)	(79)
Income tax expense/(benefit)	1	(1)
Net income/(loss)	$ (154)	$ (78)
Earnings/(loss) per share:
Basic (in dollars per share)	$ (0.48)	$ (0.25)
Diluted (in dollars per share)	$ (0.48)	$ (0.25)
Weighted average shares – basic	317.7	313.9
Weighted average shares – diluted	317.7	313.9

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax	$ 0
Net income/(loss)	(154)	$ (78)
Other comprehensive income/(loss), net of tax:
Reclassification for amortization of prior service (credit)/cost (1)	2	1
Gain/(loss) on interest rate swaps (2)	(11)	5
Reclassification for periodic settlements (3)	(2)	0
Total other comprehensive income/(loss), net of tax	(11)	6
Total comprehensive income/(loss), net of tax	(165)	(72)
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, Tax	0	(1)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	0	$ (1)
Interest Expense [Member]
Other comprehensive income/(loss), net of tax:
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	$ (2)

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) Consolidated Statements of Comprehensive Income/(loss) Parenthetical - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, Tax	$ 0	$ (1)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax	0
Other components of net periodic pension and postretirement cost/(income) [Member]
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax	2	$ 2
Interest Expense [Member]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	$ (2)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		May 04, 2019	Feb. 02, 2019	May 05, 2018
Current assets:
Cash in banks and in transit		$ 160	$ 109	$ 170
Cash short-term investments		11	224	11
Cash and cash equivalents		171	333	181
Merchandise inventory		2,477	2,437	2,948
Prepaid expenses and other		287	189	223
Total current assets		2,935	2,959	3,352
Property and equipment (net of accumulated depreciation of $3,339, $3,556 and $3,425)		3,669	3,938	4,200
Operating lease assets		917	0	0
Prepaid pension		156	147	74
Other assets		665	677	679
Total Assets		8,342	7,721	8,305
Current liabilities:
Merchandise accounts payable		842	847	933
Other accounts payable and accrued expenses		925	995	957
Current operating lease liabilities		84	0	0
Current portion of finance leases and note payable		2	8	7
Current maturities of long-term debt		92	92	42
Total current liabilities		1,945	1,942	1,939
Operating Lease, Liability, Noncurrent		1,082	0	0
Long-term finance leases and note payable		1	204	210
Long-term debt		3,826	3,716	4,142
Deferred taxes		119	131	142
Other liabilities		335	558	557
Total Liabilities		7,308	6,551	6,990
Stockholders’ Equity
Common stock	[1]	158	158	157
Additional paid-in capital		4,715	4,713	4,708
Reinvested earnings/(accumulated deficit)		(3,553)	(3,373)	(3,196)
Accumulated other comprehensive income/(loss)		(286)	(328)	(354)
Total Stockholders’ Equity		1,034	1,170	1,315
Total Liabilities and Stockholders’ Equity		$ 8,342	$ 7,721	$ 8,305
[1]	1.25 billion shares of common stock are authorized with a par value of $0.50 per share. The total shares issued and outstanding were 316.8 million, 314.3 million and 316.1 million as of May 4, 2019, May 5, 2018 and February 2, 2019, respectively.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	May 04, 2019	Feb. 02, 2019	May 05, 2018
Statement of Financial Position [Abstract]
Accumulated depreciation	$ (3,339)	$ (3,425)	$ (3,556)
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	316,800,000	316,100,000	314,300,000
Common stock, shares outstanding	316,800,000	316,100,000	314,300,000

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY Statement - USD ($) shares in Millions, $ in Millions	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Reinvested Earnings/(Accumulated Deficit) [Member]	Accumulated Other Comprehensive Income/(Loss) [Member]
Common Stock, Shares, Outstanding		312
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 1,383	$ 156	$ 4,705	$ (3,118)	$ (360)
Net income/(loss)	(78)			(78)
Other comprehensive income/(loss)	6				6
Stock-based compensation, shares		2.3
Stock-based compensation and other	$ 4	$ 1	3
Common Stock, Shares, Outstanding	314.3	314.3
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 1,315	$ 157	4,708	(3,196)	(354)
Common Stock, Shares, Outstanding	316.1	316.1
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 1,170	$ 158	4,713	(3,373)	(328)
ASC 842 (Leases) and ASU 2018-02 (Stranded Taxes) adoption (See Note 2)	27			(26)	53
Net income/(loss)	(154)			(154)
Other comprehensive income/(loss)	(11)				(11)
Stock-based compensation, shares		0.7
Stock-based compensation and other	$ 2	$ 0	2
Common Stock, Shares, Outstanding	316.8	316.8
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 1,034	$ 158	$ 4,715	$ (3,553)	$ (286)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Cash flows from operating activities
Net income/(loss)	$ (154)	$ (78)
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:
Restructuring and management transition	15	(3)
Asset impairments and other charges	0	1
Net gain on sale of operating assets	(4)	(17)
(Gain)/loss on extinguishment of debt	0	23
Depreciation and amortization	147	141
Benefit plans	(14)	(19)
Stock-based compensation	2	7
Deferred taxes	(3)	(2)
Change in cash from:
Inventory	(40)	(145)
Prepaid expenses and other	(98)	(33)
Merchandise accounts payable	(5)	(40)
Income taxes	3	(3)
Accrued expenses and other	(54)	(186)
Net Cash Provided by (Used in) Operating Activities	(205)	(354)
Cash flows from investing activities
Capital expenditures	(71)	(106)
Net proceeds from sale of operating assets	8	39
Net Cash Provided by (Used in) Investing Activities	(63)	(67)
Cash flows from financing activities
Proceeds from issuance of long-term debt	0	400
Proceeds from borrowings under the credit facility	408	977
Payments of borrowings under the credit facility	(290)	(626)
Premium on early retirement of debt	0	20
Payments of finance leases and note payable	(1)	(2)
Payments of long-term debt	(11)	(576)
Financing costs	0	(7)
Proceeds from stock issued under stock plans	0	1
Tax withholding payments for vested restricted stock	0	(3)
Net Cash Provided by (Used in) Financing Activities	106	144
Net increase/(decrease) in cash and cash equivalents	(162)	(277)
Cash and cash equivalents at beginning of period	333	458
Cash and cash equivalents at end of period	171	181
Supplemental cash flow information
Income taxes received/(paid), net	(2)	(4)
Interest received/(paid), net	(91)	(113)
Supplemental non-cash investing and financing activity
Increase/(decrease) in other accounts payable related to purchases of property and equipment and software	(18)	(16)
Remeasurement of leased assets and lease obligations	$ 28	$ 0

Basis of Presentation and Conso

Basis of Presentation and Consolidation	3 Months Ended
	May 04, 2019
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 2, 2019 ( 2018 Form 10-K). We follow 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 2018 Form 10-K. The February 2, 2019 financial information was derived from the audited Consolidated Financial Statements, with related footnotes, included in the 2018 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 May 4, 2019 ” and “ first quarter of 2019 ” refer to the 13-week period ended May 4, 2019 , and “three months ended May 5, 2018 ” and “ first quarter of 2018 ” refer to the 13-week period ended May 5, 2018 . Fiscal years 2019 and 2018 contain 52 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.

Adoption of New Accounting Stan

Adoption of New Accounting Standards (Notes)	3 Months Ended
	May 04, 2019
Adoption of New Accounting Standards [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Adoption of New Accounting Standards In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Codification (ASC) Topic 842, Leases (Topic 842), a replacement of Leases (Topic 840) and updated by various targeted improvements , which requires lessees to recognize most leases on their balance sheets as lease liabilities with corresponding right-of-use assets. The Company adopted the provisions of the new lease standard effective February 3, 2019, using the modified retrospective adoption method and the simplified transition option available in the new lease standard. This allows us to continue to apply the legacy guidance in the old standard (ASC Topic 840, Leases (ASC 840)), including its disclosure requirements, in the comparative periods presented in the year of adoption. The Company also elected the package of practical expedients available under the transition provisions of the new lease standard, which include a) not reassessing ASC 840 evaluations on whether expired or existing contracts contain leases, b) not reassessing lease classification, under ASC 840, and c) not revaluing initial direct costs for existing leases under ASC 840. We also elected the practical expedient to carry forward our historical accounting for any land easements on existing contracts. In addition, the Company changed the accounting for the failed sale-leaseback of its home office to comply with the new lease standard's guidance for sale-leaseback accounting, and recorded a "day one impairment" of the new right-of-use assets that were included in previously impaired asset groups associated with long-lived assets. Per the transition guidance of the new lease standard, the failed sale-leaseback is considered a valid sale and leaseback that resulted in the removal of the related real estate assets of $153 million and the financing obligation of $208 million , and the recognition of the $55 million gain on sale in Reinvested earnings/(accumulated deficit). Adoption of the new lease accounting standard also required us to reevaluate the accounting for a $50 million promissory note issued in connection with the sale of the home office. In accordance with previous guidance, the promissory note was not recorded in the unaudited Interim Consolidated Balance Sheets and not included in the implied gain on sale, however, under the new guidance, the promissory note is considered variable consideration under ASC 606, Revenue for Contracts with Customers . Accordingly, in transition, the Company did not recognize any amount for the $50 million promissory note, as management assessed the most likely amount of variable consideration to be zero given the associated local real estate market dynamics. In regards to the "day one impairment" charge, the Company evaluated the new right-of-use assets added to certain store asset groups that were previously determined to be impaired. Given the facts and circumstances that were still in existence upon adopting the new lease standard, the Company recorded an approximate $40 million impairment charge to Reinvested earnings/(accumulated deficit) to adjust the net book value of the new right-of-use assets to their fair value. The following table provides the overall unaudited Interim Consolidated Balance Sheet impact of applying the new lease standard effective as of February 3, 2019. Due to the change in accounting for the Home Office sale-leaseback, there was a change in classification of $5 million in lease costs from Depreciation and amortization and Net interest expense in the prior year period to Selling, general and administrative expenses in the current year period. There was no significant impact to the Company's unaudited Interim Consolidated Statement of Cash Flows. Balance as of February 3, 2019 ($ in millions) Balances removed under prior accounting Balances added/reclassified under new lease standard Net impact of new lease standard Prepaid expenses and other $ — $ (5 ) $ (5 ) Property and equipment 153 — (153 ) Operating lease assets — 910 910 Other assets — (7 ) (7 ) Total assets $ 153 $ 898 $ 745 Other accounts payable and accrued expenses $ 4 $ — $ (4 ) Current operating lease liabilities — 85 85 Current portion of finance leases and note payable 5 — (5 ) Noncurrent operating lease liabilities — 1,074 1,074 Long-term finance leases and note payable 203 — (203 ) Deferred taxes 10 — (10 ) Other liabilities 11 (208 ) (219 ) Reinvested earnings/(accumulated deficit) 80 (53 ) 27 Total liabilities and stockholders’ equity $ 153 $ 898 $ 745 In February 2018, the FASB issued ASU 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . This standard allows companies to reclassify stranded tax effects resulting from the Tax Cuts and Jobs Act (the “Tax Act”) enacted on December 22, 2017 from Accumulated other comprehensive income/(loss) to Reinvested earnings/(accumulated deficit). We adopted ASU 2018-02 on February 3, 2019 and reclassified $53 million (net of federal income tax benefit) of income tax effects of the Tax Act from Accumulated other comprehensive income/(loss) to Reinvested earnings/(accumulated deficit). Effect of New Accounting Standards On August 28, 2018, the FASB issued ASU 2018-13, Fair Value Measurement . This standard is effective for public business entities in fiscal years beginning after December 15, 2019, and for interim periods within those years. Early adoption is permitted, including during an interim period. This new standard requires changes to the disclosure requirements for fair value measurements for certain Level 3 items, and specifies that some of the changes must be applied prospectively, while others should be applied retrospectively. The Company is evaluating this new standard, but does not expect it to have a significant impact on its financial statement disclosures.

Effect of New Accounting Standa

Effect of New Accounting Standards	3 Months Ended
	May 04, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Effect of New Accounting Standards	Adoption of New Accounting Standards In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Codification (ASC) Topic 842, Leases (Topic 842), a replacement of Leases (Topic 840) and updated by various targeted improvements , which requires lessees to recognize most leases on their balance sheets as lease liabilities with corresponding right-of-use assets. The Company adopted the provisions of the new lease standard effective February 3, 2019, using the modified retrospective adoption method and the simplified transition option available in the new lease standard. This allows us to continue to apply the legacy guidance in the old standard (ASC Topic 840, Leases (ASC 840)), including its disclosure requirements, in the comparative periods presented in the year of adoption. The Company also elected the package of practical expedients available under the transition provisions of the new lease standard, which include a) not reassessing ASC 840 evaluations on whether expired or existing contracts contain leases, b) not reassessing lease classification, under ASC 840, and c) not revaluing initial direct costs for existing leases under ASC 840. We also elected the practical expedient to carry forward our historical accounting for any land easements on existing contracts. In addition, the Company changed the accounting for the failed sale-leaseback of its home office to comply with the new lease standard's guidance for sale-leaseback accounting, and recorded a "day one impairment" of the new right-of-use assets that were included in previously impaired asset groups associated with long-lived assets. Per the transition guidance of the new lease standard, the failed sale-leaseback is considered a valid sale and leaseback that resulted in the removal of the related real estate assets of $153 million and the financing obligation of $208 million , and the recognition of the $55 million gain on sale in Reinvested earnings/(accumulated deficit). Adoption of the new lease accounting standard also required us to reevaluate the accounting for a $50 million promissory note issued in connection with the sale of the home office. In accordance with previous guidance, the promissory note was not recorded in the unaudited Interim Consolidated Balance Sheets and not included in the implied gain on sale, however, under the new guidance, the promissory note is considered variable consideration under ASC 606, Revenue for Contracts with Customers . Accordingly, in transition, the Company did not recognize any amount for the $50 million promissory note, as management assessed the most likely amount of variable consideration to be zero given the associated local real estate market dynamics. In regards to the "day one impairment" charge, the Company evaluated the new right-of-use assets added to certain store asset groups that were previously determined to be impaired. Given the facts and circumstances that were still in existence upon adopting the new lease standard, the Company recorded an approximate $40 million impairment charge to Reinvested earnings/(accumulated deficit) to adjust the net book value of the new right-of-use assets to their fair value. The following table provides the overall unaudited Interim Consolidated Balance Sheet impact of applying the new lease standard effective as of February 3, 2019. Due to the change in accounting for the Home Office sale-leaseback, there was a change in classification of $5 million in lease costs from Depreciation and amortization and Net interest expense in the prior year period to Selling, general and administrative expenses in the current year period. There was no significant impact to the Company's unaudited Interim Consolidated Statement of Cash Flows. Balance as of February 3, 2019 ($ in millions) Balances removed under prior accounting Balances added/reclassified under new lease standard Net impact of new lease standard Prepaid expenses and other $ — $ (5 ) $ (5 ) Property and equipment 153 — (153 ) Operating lease assets — 910 910 Other assets — (7 ) (7 ) Total assets $ 153 $ 898 $ 745 Other accounts payable and accrued expenses $ 4 $ — $ (4 ) Current operating lease liabilities — 85 85 Current portion of finance leases and note payable 5 — (5 ) Noncurrent operating lease liabilities — 1,074 1,074 Long-term finance leases and note payable 203 — (203 ) Deferred taxes 10 — (10 ) Other liabilities 11 (208 ) (219 ) Reinvested earnings/(accumulated deficit) 80 (53 ) 27 Total liabilities and stockholders’ equity $ 153 $ 898 $ 745 In February 2018, the FASB issued ASU 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . This standard allows companies to reclassify stranded tax effects resulting from the Tax Cuts and Jobs Act (the “Tax Act”) enacted on December 22, 2017 from Accumulated other comprehensive income/(loss) to Reinvested earnings/(accumulated deficit). We adopted ASU 2018-02 on February 3, 2019 and reclassified $53 million (net of federal income tax benefit) of income tax effects of the Tax Act from Accumulated other comprehensive income/(loss) to Reinvested earnings/(accumulated deficit). Effect of New Accounting Standards On August 28, 2018, the FASB issued ASU 2018-13, Fair Value Measurement . This standard is effective for public business entities in fiscal years beginning after December 15, 2019, and for interim periods within those years. Early adoption is permitted, including during an interim period. This new standard requires changes to the disclosure requirements for fair value measurements for certain Level 3 items, and specifies that some of the changes must be applied prospectively, while others should be applied retrospectively. The Company is evaluating this new standard, but does not expect it to have a significant impact on its financial statement disclosures.

Leases (Notes)

Leases (Notes)	3 Months Ended
	May 04, 2019
Leases [Abstract]
Leases of Lessee Disclosure [Text Block]	Leases We conduct a major part of our operations from leased premises (building or land) that include retail stores, store distribution centers, warehouses, offices and other facilities. Almost all leases include renewal options where we can extend the lease term from one to 50 years or more. We also lease equipment under finance leases of primarily three to five year periods, and we rent or sublease certain real estate to third parties. Our lease contracts do not contain any purchase options or residual value guarantees. Accounting Policy Applied in Fiscal 2019 At the lease commencement date, based on certain criteria, we determine if a lease is classified as an operating lease or finance lease and then recognize a right-of-use asset and a lease liability on the Consolidated Balance Sheets for all leases (with the exception of leases that have a term of twelve months or less). The lease liability is measured as the present value of unpaid lease payments measured based on the reasonably certain lease term and corresponding discount rate. The initial right-of-use asset is measured as the lease liability plus certain other costs and is reduced by any tenant allowances collected from the lessor. Lease payments include fixed and in-substance fixed payments, variable payments based on an index or rate and termination penalties. Lease payments do not include variable lease payments other than those that depend on an index or rate or any payments not considered part of the lease (i.e. payment of the lessor’s real estate taxes and insurance). Payments not considered lease payments are expensed as incurred. Some leases require additional payments based on sales and the related contingent rent is recorded as rent expense when the payment is probable. As a policy election, we consider lease payments and all related other payments as one component of a lease. The reasonably certain lease term includes the non-cancelable lease term and any renewal option periods where we have economically compelling reasons for future exercise. The discount rate used in our present value calculations is the rate implicit in the lease, when known, or our estimated incremental borrowing rate. Our incremental borrowing rate is estimated based on our secured borrowings and our credit risk relative to the time horizons of other publicly available data points that are consistent with the respective lease term. Whether an operating lease or a finance lease, the lease liability is amortized over the lease term at a constant periodic interest rate. The right-of-use assets related to operating leases are amortized over the lease term on a basis that renders a straight-line amount of rent expense which encompasses the amortization and interest component of the lease. With the occurrence of certain events, the amortization pattern for an operating asset is adjusted to a straight-line basis over the remaining lease term. The right-of-use asset related to a finance lease is amortized on a straight-line basis over the lease term. Rent on short-term leases are expensed on a straight-line basis over the lease term. When a lease is modified or there is a change in lease term, we assess for any change in lease classification and remeasure the lease liability with a corresponding increase or decrease to the right-of-use asset. Sale-leasebacks are transactions through which we sell assets and subsequently lease them back. The resulting leases that qualify for sale-leaseback accounting are evaluated and accounted for as an operating lease. A transaction that does not qualify for sale-leaseback accounting as a result of finance lease classification or the failure to meet certain revenue recognition criteria is accounted for as a financing transaction. For a financing transaction, we retain the "sold" assets within property and equipment and record a financing obligation equal to the amount of cash proceeds received. Rental payments under such transactions are recognized as a reduction of the financing obligation and as interest expense using an effective interest method. Accounting Policy Applied in Fiscal 2018 Our lease accounting policies for lease contracts in fiscal 2018 and prior are disclosed in the 2018 Form 10-K. Leases ($ in millions) Classification May 4, 2019 Assets Operating lease assets Operating lease assets $ 917 Finance lease assets Property and equipment 1 Total leased assets $ 918 Liabilities Current Operating Current operating lease liabilities $ 84 Finance Current portion of finance leases and note payable 1 Noncurrent Operating Noncurrent operating lease liabilities 1,082 Finance Long-term finance leases and note payable 1 Total leased liabilities $ 1,168 Lease Cost Three Months Ended ($ in millions) Classification May 4, 2019 Operating lease cost Selling, general and administrative expense (SG&A) $ 48 Variable lease cost Selling, general and administrative expense (SG&A) 32 Finance lease cost Amortization of leased assets Depreciation and amortization — Interest on lease liabilities Net interest expense — Rental income Real estate and other, net 2 Net lease cost $ 78 As of May 4, 2019 , future lease payments were as follows: ($ in millions) Operating Leases Finance Leases Total 2019 $ 156 $ 1 $ 157 2020 195 1 196 2021 187 — 187 2022 173 — 173 2023 166 — 166 Thereafter 1,816 2 1,818 Total lease payments 2,693 4 2,697 Less: amounts representing interest (1,527 ) (2 ) (1,529 ) Present value of lease liabilities $ 1,166 $ 2 $ 1,168 Lease term and discount rate are as follows: May 4, Weighted-average remaining lease term (years) Operating leases 16 Financing leases 1 Weighted-average discount rate Operating leases 11 % Financing leases 6 % Other information: Three Months Ended ($ in millions) May 4, Cash paid for amounts included in the measurement of these liabilities Operating cash flows from operating leases 51 Operating cash flows from finance leases 1 Financing cash flows from finance leases 1 As determined prior to the adoption of the new lease standard, the future minimum lease payments under operating leases in effect as of February 2, 2019 were as follows: ($ in millions) 2019 $ 190 2020 178 2021 163 2022 148 2023 135 Thereafter 1,626 Less: sublease income (43 ) Total minimum lease payments $ 2,397

Revenue (Notes)

Revenue (Notes)	3 Months Ended
	May 04, 2019
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 months ended May 4, 2019 and May 5, 2018 : Three Months Ended ($ in millions) May 4, 2019 May 5, 2018 Women’s apparel $ 590 24 % $ 614 24 % Men’s apparel and accessories 478 20 % 500 19 % Women’s accessories, including Sephora 349 14 % 378 15 % Home 305 13 % 354 14 % Children’s, including toys 200 8 % 207 8 % Footwear 181 7 % 189 7 % Jewelry 167 7 % 162 6 % Services and other 169 7 % 180 7 % Total net sales $ 2,439 100 % $ 2,584 100 % Credit income and other encompasses the revenue earned from the agreement with Synchrony Financial (Synchrony) associated with our private label credit card and co-branded MasterCard® programs. The Company has contract liabilities associated with the sales of gift cards and our customer loyalty program. The liabilities are included in Other accounts payable and accrued expenses in the unaudited Interim Consolidated Balance Sheets and were as follows: (in millions) May 4, 2019 May 5, 2018 February 2, 2019 Gift cards $ 121 $ 124 $ 140 Loyalty rewards 61 71 60 Total contract liability $ 182 $ 195 $ 200 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 three months of 2019 and 2018 are as follows: (in millions) 2019 2018 Beginning balance $ 200 $ 217 Current period gift cards sold and loyalty reward points earned 78 74 Net sales from amounts included in contract liability opening balances (36 ) (38 ) Net sales from current period usage (60 ) (58 ) Ending balance $ 182 $ 195

Earnings_(Loss) per Share

Earnings/(Loss) per Share	3 Months Ended
	May 04, 2019
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 (in millions, except per share data) May 4, May 5, Earnings/(loss) Net income/(loss) $ (154 ) $ (78 ) Shares Weighted average common shares outstanding (basic shares) 317.7 313.9 Adjustment for assumed dilution: Stock options, restricted stock awards and warrant — — Weighted average shares assuming dilution (diluted shares) 317.7 313.9 EPS Basic $ (0.48 ) $ (0.25 ) Diluted $ (0.48 ) $ (0.25 ) 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 (Shares in millions) May 4, May 5, Stock options, restricted stock awards and warrant 22.5 29.3

Long-Term Debt

Long-Term Debt	3 Months Ended
	May 04, 2019
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt ($ in millions) May 4, 2019 May 5, 2018 February 2, 2019 Issue: 8.125% Senior Notes Due 2019 $ 50 $ 50 $ 50 5.65% Senior Notes Due 2020 (1) 110 110 110 2017 Credit Facility (Matures in 2022) 118 351 — 2016 Term Loan Facility (Matures in 2023) 1,572 1,614 1,583 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) 400 400 400 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 3,963 4,238 3,856 Unamortized debt issuance costs (45 ) (54 ) (48 ) Less: current maturities (92 ) (42 ) (92 ) Total long-term debt $ 3,826 $ 4,142 $ 3,716 (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%. As of May 4, 2019 , outstanding borrowings under our $2.35 billion senior secured asset-based revolving credit facility (2017 Credit Facility) were $118 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)	3 Months Ended
	May 04, 2019
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 are party to 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. On September 4, 2018 we entered into additional forward interest rate swap agreements with notional amounts totaling $750 million to fix a portion of our variable LIBOR-based interest payments. The forward interest rate swap agreements have a weighted-average fixed rate of 3.135% , have an effective date from May 7, 2020 to May 7, 2025 and have been designated as cash flow hedges. The fair value of our interest rate swaps are recorded in the unaudited Interim Consolidated Balance Sheets as an asset or a liability (see Note 10) based upon its change in fair values from its effective date. The effective portion of the interest rate swaps' changes in fair values is reported in Accumulated other comprehensive income/(loss) (see Note 11), and the ineffective portion is reported in Net income/(loss). Amounts in Accumulated other comprehensive income/(loss) are reclassified into Net income/(loss) when the related interest payments affect earnings. For the periods presented, all of the interest rate swaps were 100% effective. Information regarding the gross amounts of our derivative instruments in the unaudited Interim Consolidated Balance Sheets is as follows: Asset Derivatives at Fair Value Liability Derivatives at Fair Value ($ in millions) Balance Sheet Location May 4, 2019 May 5, 2018 February 2, 2019 Balance Sheet Location May 4, 2019 May 5, 2018 February 2, 2019 Derivatives designated as hedging instruments: Interest rate swaps Prepaid expenses and other $ 1 $ — $ — Other accounts payable and accrued expenses $ — $ — $ — Interest rate swaps Other assets 6 16 10 Other liabilities 25 — 15 Total derivatives designated as hedging instruments $ 7 $ 16 $ 10 $ 25 $ — $ 15

Restructuring and Management Tr

Restructuring and Management Transition	3 Months Ended
	May 04, 2019
Restructuring and Related Activities [Abstract]
Restructuring and Management Transition	Restructuring and Management Transition In the first quarter of 2019, the Company finalized plans to close 18 full-line stores and 9 ancillary home and furniture stores, further aligning the Company's brick-and-mortar presence with its omnichannel network, and enabling capital resources to be reallocated to locations and initiatives that offer the greatest long-term value potential. The planned store closures resulted in a $14 million asset impairment charge for store assets with limited future use and a $1 million severance charge for the expected displacement of store associates. The components of Restructuring and management transition include: • Home office and stores — charges for actions to reduce our store and home office expenses including employee termination benefits, store lease termination and impairment charges; • Management transition — charges related to implementing changes within our management leadership team for both incoming and outgoing members of management; and • Other — charges related primarily to contract termination costs and costs related to the closure of certain supply chain locations. The composition of Restructuring and management transition charges was as follows: Three Months Ended Cumulative Amount From Program Inception Through May 4, 2019 ($ in millions) May 4, May 5, Home office and stores $ 19 $ 7 $ 505 Management transition 1 — 265 Other — — 186 Total $ 20 $ 7 $ 956 Activity for the Restructuring and management transition liability for the three months ended May 4, 2019 was as follows: ($ in millions) Home Office and Stores Other Total February 2, 2019 $ 16 $ 2 $ 18 ASC 842 (Leases) adoption (See Note 2) (15 ) — (15 ) Charges 6 1 7 Cash payments (2 ) (3 ) (5 ) May 4, 2019 $ 5 $ — $ 5

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	May 04, 2019
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 The fair value of our cash flow hedges are valued in the market using discounted cash flow techniques, which use quoted market interest rates in discounted cash flow calculations that 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 stores in 2019, long-lived assets held and used with a carrying value of $22 million were written down to their fair value of $8 million , resulting in asset impairment charges of $14 million in the first quarter of 2019. Additionally, in connection with the adoption of the new lease accounting standard, right-of-use assets of $58 million were written down to their fair value of $19 million . The fair value was determined based on comparable market values of similar properties or on a rental income approach and the significant inputs related to valuing the store related assets are classified as Level 2 in the fair value measurement hierarchy. Other Financial Instruments Carrying values and fair values of financial instruments that are not carried at fair value in the unaudited Interim Consolidated Balance Sheets are as follows: May 4, 2019 May 5, 2018 February 2, 2019 ($ in millions) Carrying Amount Fair Value Carrying Amount Fair Value Carrying Amount Fair Value Total debt, excluding unamortized debt issuance costs, finance leases and note payable $ 3,963 $ 2,833 $ 4,238 $ 3,712 $ 3,856 $ 2,579 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 May 4, 2019 , May 5, 2018 and February 2, 2019 , 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	3 Months Ended
	May 04, 2019
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Accumulated Other Comprehensive Income/(Loss) The following tables show the changes in accumulated other comprehensive income/(loss) balances for the three months ended May 4, 2019 and the three months ended May 5, 2018 : ($ in millions) Net Actuarial Gain/(Loss) Prior Service Credit/(Cost) Foreign Currency Translation Gain/(Loss) on Cash Flow Hedges Accumulated Other Income/(Loss) February 2, 2019 $ (290 ) $ (22 ) $ (1 ) $ (15 ) $ (328 ) ASU 2018-02 (Stranded Taxes) adoption (See Note 2) 46 3 — 4 53 Other comprehensive income/(loss) before reclassifications — — — (11 ) (11 ) Amounts reclassified from accumulated other comprehensive income — 2 — (2 ) — May 4, 2019 $ (244 ) $ (17 ) $ (1 ) $ (24 ) $ (286 ) ($ in millions) Net Actuarial Prior Service Foreign Currency Translation Gain/(Loss) on Cash Flow Hedges Accumulated February 3, 2018 $ (330 ) $ (26 ) $ — $ (4 ) $ (360 ) Other comprehensive income/(loss) before reclassifications — — — 5 5 Amounts reclassified from accumulated other comprehensive income — 1 — — 1 May 5, 2018 $ (330 ) $ (25 ) $ — $ 1 $ (354 )

Retirement Benefit Plans

Retirement Benefit Plans	3 Months Ended
	May 04, 2019
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 ($ in millions) May 4, May 5, Service cost $ 7 $ 9 Other components of net periodic pension cost/(income): Interest cost 33 35 Expected return on plan assets (48 ) (56 ) Amortization of prior service cost/(credit) 2 2 (13 ) (19 ) Net periodic pension expense/(income) $ (6 ) $ (10 ) Service cost is included in SG&A in the unaudited Interim Consolidated Statements of Operations.

Real Estate and Other, Net

Real Estate and Other, Net	3 Months Ended
	May 04, 2019
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. The composition of Real estate and other, net was as follows: Three Months Ended ($ in millions) May 4, May 5, Net gain from sale of operating assets $ (4 ) $ (17 ) Other (1 ) (1 ) Total expense/(income) $ (5 ) $ (18 ) Net Gain from Sale of Operating Assets During the first quarter of 2018, we completed the sale of our Milwaukee, Wisconsin distribution facility for a net sale price of $30 million and recognized a net gain of $12 million .

Income Taxes

Income Taxes	3 Months Ended
	May 04, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The net tax expense of $1 million for the three months ended May 4, 2019 consisted of federal, state and foreign tax expenses of $2 million , $1 million of expense related to the deferred tax asset change arising from the tax amortization of indefinite-lived intangible assets and a $2 million benefit due to the release of valuation allowance. As of May 4, 2019 , we have approximately $2.2 billion of net operating losses (NOLs) available for U.S. federal income tax purposes, which largely expire in 2032 through 2034; $274 million of federal unused interest deductions that do not expire; and $69 million of tax credit carryforwards that expire at various dates through 2037. Additionally, we have state NOLs that are subject to various limitations and expiration dates beginning in 2019 through 2040 and are offset fully by valuation allowances. A valuation allowance of $576 million fully offsets the federal deferred tax assets resulting from the NOL, unused interest deductions and tax credit carryforwards that expire at various dates through 2037. A valuation allowance of $249 million fully offsets the deferred tax assets resulting from the state NOL carryforwards that expire at various dates through 2037. 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 months ended May 4, 2019 , the valuation allowance net increase of $23 million consisted of $35 million to offset the net deferred tax assets created in the quarter primarily due to the increase in NOL carryforwards, $3 million which offsets the tax benefit attributable to the loss recorded in Other comprehensive income/(loss), offset by a $15 million benefit related to lease accounting.

Litigation, Other Contingencies

Litigation, Other Contingencies and Guarantees	3 Months Ended
	May 04, 2019
Litigation, Other Contingencies and Guarantees [Abstract]
Litigation, Other Contingencies and Guarantees	Litigation and Other Contingencies Litigation Shareholder Derivative Litigation On October 19, 2018, a shareholder of the Company, Juan Rojas, filed a shareholder derivative action against certain present and former members of the Company’s Board of Directors in the Delaware Court of Chancery. The Company is named as a nominal defendant. The lawsuit asserts claims for breaches of fiduciary duties based on alleged failures to prevent the Company from engaging in allegedly unlawful promotional pricing practices. While no assurance can be given as to the ultimate outcome of this matter, we believe that the final resolution of this action will not have a material adverse effect on our results of operations, financial position, liquidity or capital resources. Other Legal Proceedings 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, 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 May 4, 2019 , we have an estimated accrual of $19 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 and remediation of environmental conditions involving our former drugstore locations. 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, liquidity or capital resources.

Basis of Presentation and Con_2

Basis of Presentation and Consolidation (Policy)	3 Months Ended
	May 04, 2019
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 2, 2019 ( 2018 Form 10-K). We follow 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 2018 Form 10-K. The February 2, 2019 financial information was derived from the audited Consolidated Financial Statements, with related footnotes, included in the 2018 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 May 4, 2019 ” and “ first quarter of 2019 ” refer to the 13-week period ended May 4, 2019 , and “three months ended May 5, 2018 ” and “ first quarter of 2018 ” refer to the 13-week period ended May 5, 2018 . Fiscal years 2019 and 2018 contain 52 weeks.
Reclassification, Policy	Certain reclassifications were made to prior period amounts to conform to the current period presentation.

Leases (Policies)

Leases (Policies)	3 Months Ended
	May 04, 2019
Lease Accounting Policy Applied in 2019 [Abstract]
Lessee, Leases [Policy Text Block]	Accounting Policy Applied in Fiscal 2019 At the lease commencement date, based on certain criteria, we determine if a lease is classified as an operating lease or finance lease and then recognize a right-of-use asset and a lease liability on the Consolidated Balance Sheets for all leases (with the exception of leases that have a term of twelve months or less). The lease liability is measured as the present value of unpaid lease payments measured based on the reasonably certain lease term and corresponding discount rate. The initial right-of-use asset is measured as the lease liability plus certain other costs and is reduced by any tenant allowances collected from the lessor. Lease payments include fixed and in-substance fixed payments, variable payments based on an index or rate and termination penalties. Lease payments do not include variable lease payments other than those that depend on an index or rate or any payments not considered part of the lease (i.e. payment of the lessor’s real estate taxes and insurance). Payments not considered lease payments are expensed as incurred. Some leases require additional payments based on sales and the related contingent rent is recorded as rent expense when the payment is probable. As a policy election, we consider lease payments and all related other payments as one component of a lease. The reasonably certain lease term includes the non-cancelable lease term and any renewal option periods where we have economically compelling reasons for future exercise. The discount rate used in our present value calculations is the rate implicit in the lease, when known, or our estimated incremental borrowing rate. Our incremental borrowing rate is estimated based on our secured borrowings and our credit risk relative to the time horizons of other publicly available data points that are consistent with the respective lease term. Whether an operating lease or a finance lease, the lease liability is amortized over the lease term at a constant periodic interest rate. The right-of-use assets related to operating leases are amortized over the lease term on a basis that renders a straight-line amount of rent expense which encompasses the amortization and interest component of the lease. With the occurrence of certain events, the amortization pattern for an operating asset is adjusted to a straight-line basis over the remaining lease term. The right-of-use asset related to a finance lease is amortized on a straight-line basis over the lease term. Rent on short-term leases are expensed on a straight-line basis over the lease term. When a lease is modified or there is a change in lease term, we assess for any change in lease classification and remeasure the lease liability with a corresponding increase or decrease to the right-of-use asset. Sale-leasebacks are transactions through which we sell assets and subsequently lease them back. The resulting leases that qualify for sale-leaseback accounting are evaluated and accounted for as an operating lease. A transaction that does not qualify for sale-leaseback accounting as a result of finance lease classification or the failure to meet certain revenue recognition criteria is accounted for as a financing transaction. For a financing transaction, we retain the "sold" assets within property and equipment and record a financing obligation equal to the amount of cash proceeds received. Rental payments under such transactions are recognized as a reduction of the financing obligation and as interest expense using an effective interest method.

Adoption of New Accounting St_2

Adoption of New Accounting Standards Balance Sheet Impact of Applying the New Lease Standard (Tables)	3 Months Ended
	May 04, 2019
Balance Sheet Impact of Applying the New Lease Accounting Standard [Abstract]
Schedule of Balance Sheet Impact of Applying the New Lease Standard [Table Text Block]	The following table provides the overall unaudited Interim Consolidated Balance Sheet impact of applying the new lease standard effective as of February 3, 2019. Due to the change in accounting for the Home Office sale-leaseback, there was a change in classification of $5 million in lease costs from Depreciation and amortization and Net interest expense in the prior year period to Selling, general and administrative expenses in the current year period. There was no significant impact to the Company's unaudited Interim Consolidated Statement of Cash Flows. Balance as of February 3, 2019 ($ in millions) Balances removed under prior accounting Balances added/reclassified under new lease standard Net impact of new lease standard Prepaid expenses and other $ — $ (5 ) $ (5 ) Property and equipment 153 — (153 ) Operating lease assets — 910 910 Other assets — (7 ) (7 ) Total assets $ 153 $ 898 $ 745 Other accounts payable and accrued expenses $ 4 $ — $ (4 ) Current operating lease liabilities — 85 85 Current portion of finance leases and note payable 5 — (5 ) Noncurrent operating lease liabilities — 1,074 1,074 Long-term finance leases and note payable 203 — (203 ) Deferred taxes 10 — (10 ) Other liabilities 11 (208 ) (219 ) Reinvested earnings/(accumulated deficit) 80 (53 ) 27 Total liabilities and stockholders’ equity $ 153 $ 898 $ 745

Leases (Tables)

Leases (Tables)	3 Months Ended
	May 04, 2019
Leases [Abstract]
Lease Assets and Liabilities [Table Text Block]	Leases ($ in millions) Classification May 4, 2019 Assets Operating lease assets Operating lease assets $ 917 Finance lease assets Property and equipment 1 Total leased assets $ 918 Liabilities Current Operating Current operating lease liabilities $ 84 Finance Current portion of finance leases and note payable 1 Noncurrent Operating Noncurrent operating lease liabilities 1,082 Finance Long-term finance leases and note payable 1 Total leased liabilities $ 1,168
Lease, Cost [Table Text Block]	Lease Cost Three Months Ended ($ in millions) Classification May 4, 2019 Operating lease cost Selling, general and administrative expense (SG&A) $ 48 Variable lease cost Selling, general and administrative expense (SG&A) 32 Finance lease cost Amortization of leased assets Depreciation and amortization — Interest on lease liabilities Net interest expense — Rental income Real estate and other, net 2 Net lease cost $ 78
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	As of May 4, 2019 , future lease payments were as follows: ($ in millions) Operating Leases Finance Leases Total 2019 $ 156 $ 1 $ 157 2020 195 1 196 2021 187 — 187 2022 173 — 173 2023 166 — 166 Thereafter 1,816 2 1,818 Total lease payments 2,693 4 2,697 Less: amounts representing interest (1,527 ) (2 ) (1,529 ) Present value of lease liabilities $ 1,166 $ 2 $ 1,168
Other Information [Table Text Block]	Other information: Three Months Ended ($ in millions) May 4, Cash paid for amounts included in the measurement of these liabilities Operating cash flows from operating leases 51 Operating cash flows from finance leases 1 Financing cash flows from finance leases 1
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	As determined prior to the adoption of the new lease standard, the future minimum lease payments under operating leases in effect as of February 2, 2019 were as follows: ($ in millions) 2019 $ 190 2020 178 2021 163 2022 148 2023 135 Thereafter 1,626 Less: sublease income (43 ) Total minimum lease payments $ 2,397

Leases Lease Term and Discount

Leases Lease Term and Discount Rate (Tables)	3 Months Ended
	May 04, 2019
Lease Term and Discount Rate [Abstract]
Lessee weighted average Lease Term and Discount Rate [Table Text Block]	Lease term and discount rate are as follows: May 4, Weighted-average remaining lease term (years) Operating leases 16 Financing leases 1 Weighted-average discount rate Operating leases 11 % Financing leases 6 %

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	May 04, 2019
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue [Table Text Block]	The following table provides the components of Net sales for the three months ended May 4, 2019 and May 5, 2018 : Three Months Ended ($ in millions) May 4, 2019 May 5, 2018 Women’s apparel $ 590 24 % $ 614 24 % Men’s apparel and accessories 478 20 % 500 19 % Women’s accessories, including Sephora 349 14 % 378 15 % Home 305 13 % 354 14 % Children’s, including toys 200 8 % 207 8 % Footwear 181 7 % 189 7 % Jewelry 167 7 % 162 6 % Services and other 169 7 % 180 7 % Total net sales $ 2,439 100 % $ 2,584 100 %

Revenue Contract with Customer

Revenue Contract with Customer Liability (Tables)	3 Months Ended
	May 04, 2019
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability [Table Text Block]	The Company has contract liabilities associated with the sales of gift cards and our customer loyalty program. The liabilities are included in Other accounts payable and accrued expenses in the unaudited Interim Consolidated Balance Sheets and were as follows: (in millions) May 4, 2019 May 5, 2018 February 2, 2019 Gift cards $ 121 $ 124 $ 140 Loyalty rewards 61 71 60 Total contract liability $ 182 $ 195 $ 200
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 three months of 2019 and 2018 are as follows: (in millions) 2019 2018 Beginning balance $ 200 $ 217 Current period gift cards sold and loyalty reward points earned 78 74 Net sales from amounts included in contract liability opening balances (36 ) (38 ) Net sales from current period usage (60 ) (58 ) Ending balance $ 182 $ 195

Earnings_(Loss) per Share (Tabl

Earnings/(Loss) per Share (Tables)	3 Months Ended
	May 04, 2019
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 (in millions, except per share data) May 4, May 5, Earnings/(loss) Net income/(loss) $ (154 ) $ (78 ) Shares Weighted average common shares outstanding (basic shares) 317.7 313.9 Adjustment for assumed dilution: Stock options, restricted stock awards and warrant — — Weighted average shares assuming dilution (diluted shares) 317.7 313.9 EPS Basic $ (0.48 ) $ (0.25 ) Diluted $ (0.48 ) $ (0.25 )
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 (Shares in millions) May 4, May 5, Stock options, restricted stock awards and warrant 22.5 29.3

Long-Term Debt Long-Term Debt (

Long-Term Debt Long-Term Debt (Tables)	3 Months Ended
	May 04, 2019
Debt Instrument [Line Items]
Schedule of Debt [Table Text Block]	($ in millions) May 4, 2019 May 5, 2018 February 2, 2019 Issue: 8.125% Senior Notes Due 2019 $ 50 $ 50 $ 50 5.65% Senior Notes Due 2020 (1) 110 110 110 2017 Credit Facility (Matures in 2022) 118 351 — 2016 Term Loan Facility (Matures in 2023) 1,572 1,614 1,583 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) 400 400 400 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 3,963 4,238 3,856 Unamortized debt issuance costs (45 ) (54 ) (48 ) Less: current maturities (92 ) (42 ) (92 ) Total long-term debt $ 3,826 $ 4,142 $ 3,716 (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 Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	May 04, 2019
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 May 4, 2019 May 5, 2018 February 2, 2019 Balance Sheet Location May 4, 2019 May 5, 2018 February 2, 2019 Derivatives designated as hedging instruments: Interest rate swaps Prepaid expenses and other $ 1 $ — $ — Other accounts payable and accrued expenses $ — $ — $ — Interest rate swaps Other assets 6 16 10 Other liabilities 25 — 15 Total derivatives designated as hedging instruments $ 7 $ 16 $ 10 $ 25 $ — $ 15

Restructuring and Management _2

Restructuring and Management Transition Charges (Tables)	3 Months Ended
	May 04, 2019
Restructuring Reserve [Abstract]
Composition of Restructuring and Management Transition Charges	The composition of Restructuring and management transition charges was as follows: Three Months Ended Cumulative Amount From Program Inception Through May 4, 2019 ($ in millions) May 4, May 5, Home office and stores $ 19 $ 7 $ 505 Management transition 1 — 265 Other — — 186 Total $ 20 $ 7 $ 956
Restructuring and Management Transition Charges	Activity for the Restructuring and management transition liability for the three months ended May 4, 2019 was as follows: ($ in millions) Home Office and Stores Other Total February 2, 2019 $ 16 $ 2 $ 18 ASC 842 (Leases) adoption (See Note 2) (15 ) — (15 ) Charges 6 1 7 Cash payments (2 ) (3 ) (5 ) May 4, 2019 $ 5 $ — $ 5

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
	May 04, 2019
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: May 4, 2019 May 5, 2018 February 2, 2019 ($ in millions) Carrying Amount Fair Value Carrying Amount Fair Value Carrying Amount Fair Value Total debt, excluding unamortized debt issuance costs, finance leases and note payable $ 3,963 $ 2,833 $ 4,238 $ 3,712 $ 3,856 $ 2,579

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	May 04, 2019
Stockholders' Equity Note [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)	The following tables show the changes in accumulated other comprehensive income/(loss) balances for the three months ended May 4, 2019 and the three months ended May 5, 2018 : ($ in millions) Net Actuarial Gain/(Loss) Prior Service Credit/(Cost) Foreign Currency Translation Gain/(Loss) on Cash Flow Hedges Accumulated Other Income/(Loss) February 2, 2019 $ (290 ) $ (22 ) $ (1 ) $ (15 ) $ (328 ) ASU 2018-02 (Stranded Taxes) adoption (See Note 2) 46 3 — 4 53 Other comprehensive income/(loss) before reclassifications — — — (11 ) (11 ) Amounts reclassified from accumulated other comprehensive income — 2 — (2 ) — May 4, 2019 $ (244 ) $ (17 ) $ (1 ) $ (24 ) $ (286 ) ($ in millions) Net Actuarial Prior Service Foreign Currency Translation Gain/(Loss) on Cash Flow Hedges Accumulated February 3, 2018 $ (330 ) $ (26 ) $ — $ (4 ) $ (360 ) Other comprehensive income/(loss) before reclassifications — — — 5 5 Amounts reclassified from accumulated other comprehensive income — 1 — — 1 May 5, 2018 $ (330 ) $ (25 ) $ — $ 1 $ (354 )

Retirement Benefit Plans (Table

Retirement Benefit Plans (Tables)	3 Months Ended
	May 04, 2019
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 ($ in millions) May 4, May 5, Service cost $ 7 $ 9 Other components of net periodic pension cost/(income): Interest cost 33 35 Expected return on plan assets (48 ) (56 ) Amortization of prior service cost/(credit) 2 2 (13 ) (19 ) Net periodic pension expense/(income) $ (6 ) $ (10 )

Real Estate and Other, Net Real

Real Estate and Other, Net Real Estate and Other, Net (Tables)	3 Months Ended
	May 04, 2019
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 ($ in millions) May 4, May 5, Net gain from sale of operating assets $ (4 ) $ (17 ) Other (1 ) (1 ) Total expense/(income) $ (5 ) $ (18 )

Basis of Presentation and Con_3

Basis of Presentation and Consolidation (Nature of Operations) (Details)	3 Months Ended
	May 04, 2019
Entity Information [Line Items]
State of incorporation	Delaware
J. C. Penney Corporation, Inc. [Member]
Entity Information [Line Items]
Year Incorporated	1924
J. C. Penney Company, Inc. [Member]
Entity Information [Line Items]
Year Incorporated	2002

Adoption of New Accounting St_3

Adoption of New Accounting Standards (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	Feb. 03, 2019
Balance sheet impact [Line Items]
Balances removed under prior accounting		$ 208
Recognized gain in Reinvested earnings failed sale lease-back valid under new lease accounting		55
Revaluated $50 million promissory note issued in connection with sale of home office		50
Did not recognize any amount for the $50 million promissory note	50
Impairment charge to Reinvested earnings/(accumulated deficit)		40
Change in classification in lease costs	$ 5
Total assets [Member]
Balance sheet impact [Line Items]
Balances removed under prior accounting		153
Net impact of new lease accounting standard		745
Balances added/reclassified under new lease standard		(898)
Prepaid Expenses and Other Current Assets [Member]
Balance sheet impact [Line Items]
Balances removed under prior accounting		0
Net impact of new lease accounting standard		(5)
Balances added/reclassified under new lease standard		5
Property and equipment [Member]
Balance sheet impact [Line Items]
Balances removed under prior accounting		153
Net impact of new lease accounting standard		(153)
Balances added/reclassified under new lease standard		0
Operating lease assets [Member]
Balance sheet impact [Line Items]
Balances removed under prior accounting		0
Net impact of new lease accounting standard		910
Balances added/reclassified under new lease standard		(910)
Other Assets [Member]
Balance sheet impact [Line Items]
Balances removed under prior accounting		0
Net impact of new lease accounting standard		(7)
Balances added/reclassified under new lease standard		7
Other Accounts Payable and Accrued Expenses [Member]
Balance sheet impact [Line Items]
Balances removed under prior accounting		4
Net impact of new lease accounting standard		(4)
Balances added/reclassified under new lease standard		0
Current operating lease liabilities [Member]
Balance sheet impact [Line Items]
Balances removed under prior accounting		0
Net impact of new lease accounting standard		85
Balances added/reclassified under new lease standard		(85)
Current portion of finance leases and note payable [Member]
Balance sheet impact [Line Items]
Balances removed under prior accounting		5
Net impact of new lease accounting standard		(5)
Balances added/reclassified under new lease standard		0
Noncurrent operating lease liabilities [Member]
Balance sheet impact [Line Items]
Balances removed under prior accounting		0
Net impact of new lease accounting standard		1,074
Balances added/reclassified under new lease standard		(1,074)
Long-term finance leases and note payable [Member]
Balance sheet impact [Line Items]
Balances removed under prior accounting		203
Net impact of new lease accounting standard		(203)
Balances added/reclassified under new lease standard		0
Deferred Taxes [Member]
Balance sheet impact [Line Items]
Balances removed under prior accounting		10
Net impact of new lease accounting standard		(10)
Balances added/reclassified under new lease standard		0
Other Liabilities [Member]
Balance sheet impact [Line Items]
Balances removed under prior accounting		11
Net impact of new lease accounting standard		(219)
Balances added/reclassified under new lease standard		208
Reinvested Earnings/(Accumulated Deficit) [Member]
Balance sheet impact [Line Items]
Balances removed under prior accounting		80
Net impact of new lease accounting standard		27
Balances added/reclassified under new lease standard		53
Total liabilities and stockholders' equity [Member]
Balance sheet impact [Line Items]
Balances removed under prior accounting		153
Net impact of new lease accounting standard		745
Balances added/reclassified under new lease standard		$ (898)

Effect of New Accounting Stan_2

Effect of New Accounting Standards (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net income/(loss)	$ (154)	$ (78)
Accounting Standards Update 2018-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New accounting pronouncement or change in accounting principle, description	On August 28, 2018, the FASB issued ASU 2018-13, Fair Value Measurement. This standard is effective for public business entities in fiscal years beginning after December 15, 2019, and for interim periods within those years. Early adoption is permitted, including during an interim period. This new standard requires changes to the disclosure requirements for fair value measurements for certain Level 3 items, and specifies that some of the changes must be applied prospectively, while others should be applied retrospectively. The Company is evaluating this new standard, but does not expect it to have a significant impact on its financial statement disclosures.

Leases (Details)

Leases (Details) - USD ($)	3 Months Ended
	May 04, 2019	Feb. 03, 2019	Feb. 02, 2019	May 05, 2018
Lease Cost [Line Items]
Balances removed under prior accounting		$ 208,000,000
Operating Lease, Payments	$ 51
Operating cash flows from finance leases	1
Operating Leases, Future Minimum Payments Due, Next Twelve Months			$ 190,000,000
Operating lease assets	917,000,000		0	$ 0
Total leased assets	918,000,000
Lease, Cost	78,000,000
Current operating lease liabilities	84,000,000		0	0
Operating Lease, Liability, Noncurrent	1,082,000,000		0	$ 0
Operating Leases, Future Minimum Payments, Due in Two Years			178,000,000
Operating Leases, Future Minimum Payments, Due in Three Years			163,000,000
Operating Leases, Future Minimum Payments, Due in Four Years			148,000,000
Operating Leases, Future Minimum Payments, Due in Five Years			135,000,000
Operating Leases, Future Minimum Payments Due			2,397,000,000
Total leased liabilities	1,168,000,000
Finance Lease, Principal Payments	1,000,000
Operating Lease, Liability	1,166,000,000
Finance Lease, Liability	2,000,000
Operating Leases, Future Minimum Payments, Due Thereafter			1,626,000,000
Operating Leases, Future Minimum Payments Due, Next Twelve Months	156,000,000
Finance Lease, Liability, Payments, Due Next Twelve Months	1,000,000
Total lease liability year one	157,000,000
Operating Leases, Future Minimum Payments, Due in Two Years	195,000,000
Finance Lease, Liability, Payments, Due Year Two	1,000,000
Total lease liability year two	196,000,000
Operating Leases, Future Minimum Payments, Due in Three Years	187,000,000
Finance Lease, Liability, Payments, Due Year Three	0
Total lease liability year three	187,000,000
Lessee, Operating Lease, Liability, Payments, Due Year Four	173,000,000
Operating Leases, Future Minimum Payments, Due in Four Years	166,000,000
Finance Lease, Liability, Payments, Due Year Four	0
Total lease liability year four	173,000,000
Finance Lease, Liability, Payments, Due Year Five	0
Total lease liability year five	166,000,000
Operating Leases, Future Minimum Payments, Due Thereafter	1,816,000,000
Finance Lease, Liability, Payments, Due after Year Five	2,000,000
Total lease liability thereafter	1,818,000,000
Lessee, Operating Lease, Liability, Payments, Due	2,693,000,000
Finance Lease, Liability, Payments, Due	4,000,000
Total lease payments	2,697,000,000
Operating Leases, Amounts Representing Interest	(1,527,000,000)
Finance Leases, Amounts Representing Interest	2,000,000
Total leases, amounts representing interest	(1,529,000,000)
Operating Leases, Future Minimum Payments Due, Future Minimum Sublease Rentals			$ (43,000,000)
Selling, General and Administrative Expenses [Member]
Lease Cost [Line Items]
Operating Lease, Cost	48,000,000
Variable Lease, Cost	32,000,000
Real estate and other, net [Member]
Lease Cost [Line Items]
Sublease Income	2,000,000
Operating lease assets [Member]
Lease Cost [Line Items]
Balances removed under prior accounting		0
Balances added/reclassified under new lease standard		910,000,000
Net impact of new lease accounting standard		910,000,000
Operating lease assets	917,000,000
Property and equipment [Member]
Lease Cost [Line Items]
Balances removed under prior accounting		153,000,000
Balances added/reclassified under new lease standard		0
Net impact of new lease accounting standard		(153,000,000)
Finance lease assets	1,000,000
Total assets [Member]
Lease Cost [Line Items]
Balances removed under prior accounting		153,000,000
Balances added/reclassified under new lease standard		898,000,000
Net impact of new lease accounting standard		745,000,000
Current operating lease liabilities [Member]
Lease Cost [Line Items]
Balances removed under prior accounting		0
Balances added/reclassified under new lease standard		85,000,000
Net impact of new lease accounting standard		85,000,000
Current operating lease liabilities	84,000,000
Current portion of finance leases and note payable [Member]
Lease Cost [Line Items]
Balances removed under prior accounting		5,000,000
Balances added/reclassified under new lease standard		0
Net impact of new lease accounting standard		(5,000,000)
Finance lease liabilities, current	1,000,000
Noncurrent operating lease liabilities [Member]
Lease Cost [Line Items]
Balances removed under prior accounting		0
Balances added/reclassified under new lease standard		1,074,000,000
Net impact of new lease accounting standard		1,074,000,000
Operating Lease, Liability, Noncurrent	1,082,000,000
Long-term finance leases and note payable [Member]
Lease Cost [Line Items]
Balances removed under prior accounting		203,000,000
Balances added/reclassified under new lease standard		0
Net impact of new lease accounting standard		(203,000,000)
Finance lease liabilities, noncurrent	$ 1,000,000
Deferred Taxes [Member]
Lease Cost [Line Items]
Balances removed under prior accounting		10,000,000
Balances added/reclassified under new lease standard		0
Net impact of new lease accounting standard		(10,000,000)
Total liabilities and stockholders' equity [Member]
Lease Cost [Line Items]
Balances removed under prior accounting		153,000,000
Balances added/reclassified under new lease standard		898,000,000
Net impact of new lease accounting standard		$ 745,000,000

Leases Lease Term and Discoun_2

Leases Lease Term and Discount Rate (Details) $ in Millions	May 04, 2019USD ($)Rate
Lease Term and Discount Rate [Abstract]
Total leased liabilities | $	$ 1,168
Total leased assets | $	$ 918
Operating Lease, Weighted Average Remaining Lease Term	16 years
Finance Lease, Weighted Average Remaining Lease Term	1 year
Operating Lease, Weighted Average Discount Rate, Percent | Rate	11.00%
Lessee, Finance Lease, Discount Rate | Rate	6.00%

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Disaggregation of Revenue [Line Items]
Total net sales	$ 2,439	$ 2,584
Women's apparel [Member]
Disaggregation of Revenue [Line Items]
Percent of Total Net Sales	24.00%	24.00%
Total net sales	$ 590	$ 614
Men's apparel and accessories [Member]
Disaggregation of Revenue [Line Items]
Percent of Total Net Sales	20.00%	19.00%
Total net sales	$ 478	$ 500
Home [Member]
Disaggregation of Revenue [Line Items]
Percent of Total Net Sales	13.00%	14.00%
Total net sales	$ 305	$ 354
Women's accessories, including Sephora [Member]
Disaggregation of Revenue [Line Items]
Percent of Total Net Sales	14.00%	15.00%
Total net sales	$ 349	$ 378
Children's, including toys [Member]
Disaggregation of Revenue [Line Items]
Percent of Total Net Sales	8.00%	8.00%
Total net sales	$ 200	$ 207
Footwear and handbags [Member]
Disaggregation of Revenue [Line Items]
Percent of Total Net Sales	7.00%	7.00%
Total net sales	$ 181	$ 189
Jewelry [Member]
Disaggregation of Revenue [Line Items]
Percent of Total Net Sales	7.00%	6.00%
Total net sales	$ 167	$ 162
Services and other [Member]
Disaggregation of Revenue [Line Items]
Percent of Total Net Sales	7.00%	7.00%
Total net sales	$ 169	$ 180
Total [Member]
Disaggregation of Revenue [Line Items]
Percent of Total Net Sales	100.00%	100.00%

Revenue Contract with Custome_2

Revenue Contract with Customer Liability (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability	$ 200	$ 217
Contract with Customer Liability [Roll Forward]
Beginning Balance	200	217
Current Period Gift Cards Sold and Reward Points Earned	78	74
Net Sales From Amounts Included in Contract Liability Opening Balances	(36)	(38)
Net Sales from Current Period Usage	(60)	(58)
Ending Balance	182	195
Gift Cards [Member]
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability	140	124
Contract with Customer Liability [Roll Forward]
Beginning Balance	140
Ending Balance	121	124
Loyalty Rewards [Member]
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability	60	71
Contract with Customer Liability [Roll Forward]
Beginning Balance	60
Ending Balance	61	71
Total [Member]
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability	200	195
Contract with Customer Liability [Roll Forward]
Beginning Balance	200
Ending Balance	$ 182	$ 195

Earnings_(Loss) per Share (Deta

Earnings/(Loss) per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Earnings Per Share [Abstract]
Net income/(loss)	$ (154)	$ (78)
Weighted average common shares outstanding (basic shares)	317.7	313.9
Weighted average shares assuming dilution (diluted shares)	317.7	313.9
Basic (in dollars per share)	$ (0.48)	$ (0.25)
Diluted (in dollars per share)	$ (0.48)	$ (0.25)
Stock options, restricted stock awards and warrant	22.5	29.3

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Millions		3 Months Ended
		May 04, 2019	May 05, 2018	Feb. 02, 2019
Less: current maturities		$ (92)	$ (42)	$ (92)
Unamortized debt issuance costs		(45)	(54)	(48)
Total debt		3,963	4,238	3,856
Total long-term debt		3,826	4,142	3,716
(Gain)/loss on extinguishment of debt		0	23
Premium on early retirement of debt		$ 0	20
Senior Notes 5.65% Due 2020 [Member]
Debt Instrument, Interest Rate, Stated Percentage		5.65%
Unsecured Long-term Debt, Noncurrent	[1]	$ 110	110	110
Senior Secured Notes Five Point Eight Seven Five Percent Due2023 [Member]
Debt Instrument, Interest Rate, Stated Percentage		5.875%
Secured Long-term Debt, Noncurrent	[1]	$ 500	500	500
Senior Notes 6.375% Due 2036 [Member]
Debt Instrument, Interest Rate, Stated Percentage		6.375%
Unsecured Long-term Debt, Noncurrent	[1]	$ 388	388	388
Notes 6.9% Due 2026 [Member]
Debt Instrument, Interest Rate, Stated Percentage		6.90%
Unsecured Long-term Debt, Noncurrent		$ 2	2	2
Debentures 7.125% Due 2023 [Member]
Debt Instrument, Interest Rate, Stated Percentage		7.125%
Unsecured Long-term Debt, Noncurrent		$ 10	10	10
Senior Secured Second Priority Notes 8.625% due 2025 [Member]
Debt Instrument, Interest Rate, Stated Percentage		8.625%
Secured Long-term Debt, Noncurrent	[1]	$ 400	400	400
Debentures 7.4% Due 2037 [Member]
Debt Instrument, Interest Rate, Stated Percentage		7.40%
Unsecured Long-term Debt, Noncurrent		$ 313	313	313
Notes 7.625% Due 2097 [Member]
Debt Instrument, Interest Rate, Stated Percentage		7.625%
Unsecured Long-term Debt, Noncurrent		$ 500	500	500
2017 Credit Facility [Member]
Secured Long-term Debt, Noncurrent		$ 118	351	0
Senior Notes 8.125% due 2019 [Member]
Debt Instrument, Interest Rate, Stated Percentage		8.125%
Unsecured Long-term Debt, Noncurrent		$ 50	50	50
2016 Term Loan Facility [Member]
Secured Long-term Debt, Noncurrent		1,572	1,614	1,583
Notes And Debentures Including Current Maturities [Member]
Total debt		$ 3,963	$ 4,238	$ 3,856
[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 Instrume_3

Derivative Financial Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	Feb. 02, 2019	Sep. 04, 2018	May 05, 2018	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	$ 25	$ 15		$ 0
Interest Rate Cash Flow Hedge Asset at Fair Value	$ 7	10		16
Derivative, Notional Amount			$ 750		$ 1,250
Derivative, Average Fixed Interest Rate			3.135%		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 10).
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 11), and the ineffective portion is reported in Net income/(loss).
Description of Interest Rate Derivative Activities	We are party to 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. On September 4, 2018 we entered into additional forward interest rate swap agreements with notional amounts totaling $750 million to fix a portion of our variable LIBOR-based interest payments. The forward interest rate swap agreements have a weighted-average fixed rate of 3.135%, have an effective date from May 7, 2020 to May 7, 2025 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	25	15		0
Other Accounts Payable and Accrued Expenses [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Cash Flow Hedge Liability at Fair Value	0	0		0
Other Assets [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Cash Flow Hedge Asset at Fair Value	$ 6	$ 10		$ 16

Restructuring and Management _3

Restructuring and Management Transition Cumulative Charges (Details) $ in Millions	3 Months Ended
	May 04, 2019USD ($)stores	May 05, 2018USD ($)
Restructuring Cost and Reserve [Line Items]
Severance Costs	$ 1
Number of stores announced closing | stores	18
Asset Impairment Charges	$ 14
Home Office And Stores [Member]
Restructuring Cost and Reserve [Line Items]
Charges	19	$ 7
Cumulative Amount	505
Management Transition [Member]
Restructuring Cost and Reserve [Line Items]
Charges	1	0
Cumulative Amount	265
Other Restructuring And Management Transition [Member]
Restructuring Cost and Reserve [Line Items]
Charges	0	0
Cumulative Amount	186
Total [Member]
Restructuring Cost and Reserve [Line Items]
Charges	20	$ 7
Cumulative Amount	$ 956

Restructuring and Management _4

Restructuring and Management Transition Charges (Liability Activity) (Details) $ in Millions	3 Months Ended
	May 04, 2019USD ($)stores	May 05, 2018USD ($)
Restructuring Cost and Reserve [Line Items]
Number of ancillary stores finalized plans to close | stores	9
Home Office And Stores [Member]
Restructuring Reserve [Roll Forward]
February 2, 2019	$ 16
ASC 842 (Leases) adoption (See Note 2)	(15)
Charges	19	$ 7
Restructuring and Related Cost, Incurred Cost	6
Cash payments	(2)
May 4, 2019	5
Management Transition [Member]
Restructuring Reserve [Roll Forward]
Charges	1	0
Other Restructuring And Management Transition [Member]
Restructuring Reserve [Roll Forward]
February 2, 2019	2
ASC 842 (Leases) adoption (See Note 2)	0
Charges	0	0
Restructuring and Related Cost, Incurred Cost	1
Cash payments	(3)
May 4, 2019	0
Total [Member]
Restructuring Reserve [Roll Forward]
February 2, 2019	18
ASC 842 (Leases) adoption (See Note 2)	(15)
Charges	20	$ 7
Restructuring and Related Cost, Incurred Cost	7
Cash payments	(5)
May 4, 2019	$ 5

Fair Value Disclosures (Other F

Fair Value Disclosures (Other Financial Instruments) (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	Feb. 02, 2019	May 05, 2018
Fair Value Disclosures [Abstract]
Total debt, excluding unamortized debt issuance costs, capital leases, financing obligation and note payable, Fair Value	$ 2,833	$ 2,579	$ 3,712
Total debt, excluding unamortized debt issuance costs, capital leases, financing obligation and note payable, carrying amount	3,963	$ 3,856	$ 4,238
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of long-lived assets impaired, fair value disclosure	22
Asset Impairment Charges	14
Carrying value of right-of-use assets impaired, fair value disclosure	58
Right-of-use assets, fair value disclosure	19
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	8
Restructuring and management transition [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Impairment Charges	$ 14

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Increase (Decrease) in Stockholders' Equity [Roll Forward]
February 2, 2019, shares	316.1
February 2, 2019	$ 1,170	$ 1,383
Net income/(loss)	(154)	(78)
Other comprehensive income/(loss)	(11)	6
Stock-based compensation and other	$ 2	$ 4
May 4, 2019, shares	316.8	314.3
May 4, 2019	$ 1,034	$ 1,315
Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
February 2, 2019, shares	316.1	312
February 2, 2019	$ 158	$ 156
Stock-based compensation, shares	0.7	2.3
Stock-based compensation and other	$ 0	$ 1
May 4, 2019, shares	316.8	314.3
May 4, 2019	$ 158	$ 157
Additional Paid-in Capital [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
February 2, 2019	4,713	4,705
Stock-based compensation and other	2	3
May 4, 2019	4,715	4,708
Reinvested Earnings/(Accumulated Deficit) [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
February 2, 2019	(3,373)	(3,118)
Net income/(loss)	(154)	(78)
May 4, 2019	(3,553)	(3,196)
Accumulated Other Comprehensive Income/(Loss) [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
February 2, 2019	(328)	(360)
Other comprehensive income/(loss)	(11)	6
May 4, 2019	$ (286)	$ (354)

Stockholders' Equity (Component

Stockholders' Equity (Components of Other Comprehensive Income/ (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Stockholders' Equity Note [Abstract]
Total, net of tax	$ (11)	$ 6

Stockholders' Equity (Accumulat

Stockholders' Equity (Accumulated Other Comprehensive Income/ (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Schedule of Capitalization, Equity [Line Items]
ASC 842 (Leases) and ASU 2018-02 (Stranded Taxes) adoption (See Note 2)	$ 27
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
February 2, 2019	(328)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	0	$ 0
Amounts reclassified from accumulated other comprehensive income, Prior Service Credit/(Cost), net of tax	(2)	(1)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	(2)	0
Net current-period other comprehensive income	(11)	6
May 4, 2019	(286)	(354)
Net Actuarial Gain/(Loss) [Member]
Schedule of Capitalization, Equity [Line Items]
ASC 842 (Leases) and ASU 2018-02 (Stranded Taxes) adoption (See Note 2)	46
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
February 2, 2019	(290)	(330)
Other comprehensive income (loss) before reclassifications, gain (loss) on cash flow hedges, net of tax	0	0
Reclassification for net actuarial (gain)/loss (x)	0	0
May 4, 2019	(244)	(330)
Prior Service Credit/(Cost) [Member]
Schedule of Capitalization, Equity [Line Items]
ASC 842 (Leases) and ASU 2018-02 (Stranded Taxes) adoption (See Note 2)	3
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
February 2, 2019	(22)	(26)
Other comprehensive income (loss) before reclassifications, gain (loss) on cash flow hedges, net of tax	0	0
Amounts reclassified from accumulated other comprehensive income, Prior Service Credit/(Cost), net of tax	2	1
May 4, 2019	(17)	(25)
Accumulated Translation Adjustment [Member]
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
February 2, 2019	(1)	0
May 4, 2019	(1)	0
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Schedule of Capitalization, Equity [Line Items]
ASC 842 (Leases) and ASU 2018-02 (Stranded Taxes) adoption (See Note 2)	4
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
February 2, 2019	(15)	(4)
Other comprehensive income (loss) before reclassifications, gain (loss) on cash flow hedges, net of tax	(11)	5
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	(2)	0
May 4, 2019	(24)	1
Accumulated Other Comprehensive Income/(Loss) [Member]
Schedule of Capitalization, Equity [Line Items]
ASC 842 (Leases) and ASU 2018-02 (Stranded Taxes) adoption (See Note 2)	53
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
February 2, 2019	(328)	(360)
Other comprehensive income (loss) before reclassifications, gain (loss) on cash flow hedges, net of tax	(11)	5
Amounts reclassified from accumulated other comprehensive income, Accumulated Other Comprehensive Income/(Loss)	0	1
Net current-period other comprehensive income	(11)	6
May 4, 2019	$ (286)	$ (354)

Stockholders' Equity (Reclassif

Stockholders' Equity (Reclassifications Out of Accumulated Other Comprehensive Income/ (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Total, net of tax	$ (11)	$ 6

Retirement Benefit Plans (Net P

Retirement Benefit Plans (Net Periodic Expense) (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 7	$ 9
Interest cost	33	35
Expected return on plan assets	(48)	(56)
Amortization of prior service cost/(credit)	2	2
Net periodic pension expense/(income)	(6)	(10)
Other components of net periodic pension cost/(income)	$ (13)	$ (19)

Real Estate and Other, Net (Det

Real Estate and Other, Net (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Net gain from sale of operating assets [Line Items]
Real estate and other (income)/expense, net	$ (5)	$ (18)
(Gain) Loss on Disposition of Property Plant Equipment	(4)	(17)
Other Asset Impairment Charges	14
Net sale price of Milwaukee WI distribution facility		30
Net gain on sale of Milwaukee WI distribution facility		(12)
Other Cost and Expense, Operating	$ (1)	$ (1)

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Income Tax Contingency [Line Items]
Income tax expense/(benefit)	$ 1	$ (1)
Increase to tax valuation allowance for deferred tax assets	23
Valuation allowance increase due to increase in NOL carryforwards	35
Valuation allowance increase attributable to the loss in OCI	$ 3
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.
Income tax benefit due to release of valuation allowance	$ 2
Net operating loss carryforwards	2,200
Valuation allowance decrease due to lease accounting tax benefit	(15)
Federal, State And Foreign [Member]
Income Tax Contingency [Line Items]
State and foreign tax expenses	(2)
Amortization of certain indefinite lived intangible assets [Member]
Income Tax Contingency [Line Items]
State and foreign tax expenses	(1)
Federal [Member]
Income Tax Contingency [Line Items]
Federal unused interest deductions that do not expire subject to interest limitation	274
Tax credit carryforwards	69
Federal tax authority [Member]
Income Tax Contingency [Line Items]
Valuation allowance	576
State Tax Authority [Member]
Income Tax Contingency [Line Items]
Valuation allowance	$ 249

Litigation, Other Contingenci_2

Litigation, Other Contingencies and Guarantees (Narrative) (Details) $ in Millions	May 04, 2019USD ($)
Loss Contingencies [Line Items]
Recorded Best Estimate Environmental Liabilities	$ 19