Target (TGT) 10-Q 29 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	May 05, 2018	May 23, 2018
Document and Entity Information
Entity Registrant Name	TARGET CORP
Entity Central Index Key	27,419
Document Type	10-Q
Document Period End Date	May 5, 2018
Amendment Flag	false
Current Fiscal Year End Date	--02-02
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		533,134,856
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Income Statement [Abstract]
Sales	$ 16,556	$ 15,995	[1]
Other revenue	225	228	[1]
Total revenue	16,781	16,223	[1]
Cost of sales	11,625	11,199	[1]
Selling, general and administrative expenses	3,545	3,353	[1]
Depreciation and amortization (exclusive of depreciation included in cost of sales)	570	516	[1]
Operating income	1,041	1,155	[1]
Net interest expense	121	140	[1]
Net other (income) / expense	(7)	(15)
Earnings from continuing operations before income taxes	927	1,030	[1]
Provision for income taxes	210	355	[1]
Net earnings from continuing operations	717	675	[1]
Discontinued operations, net of tax	1	3	[1]
Net earnings	$ 718	$ 678	[1]
Basic earnings per share
Continuing operations (in dollars per share)	$ 1.34	$ 1.22	[1]
Discontinued operations (in dollars per share)	0	0.01	[1]
Net earnings per share (in dollars per share)	1.34	1.23	[1]
Diluted earnings per share
Continuing operations (in dollars per share)	1.33	1.21	[1]
Discontinued operations (in dollars per share)	0	0.01	[1]
Net earnings per share (in dollars per share)	$ 1.33	$ 1.22	[1]
Weighted average common shares outstanding
Basic (in shares)	536.9	552.4	[1]
Dilutive impact of share-based awards (in shares)	4.1	2.8	[1]
Diluted (in shares)	541	555.2	[1]
Antidilutive shares (in shares)	2.2	3	[1]
Dividends declared per share (in dollars per share)	$ 0.62	$ 0.60	[1]
[1]	Refer to Note 2 regarding the adoption of new accounting standards for revenue recognition, leases, and pensions, including impacts on previously reported results.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Statement of Comprehensive Income [Abstract]
Net earnings	$ 718	$ 678	[1]
Other comprehensive income
Pension, net of taxes of $5 and $5	13	7
Currency translation adjustment and cash flow hedges, net of tax (benefit) / provision of $(1) and $1	(3)	5
Other comprehensive income	10	12
Comprehensive income	$ 728	$ 690
[1]	Refer to Note 2 regarding the adoption of new accounting standards for revenue recognition, leases, and pensions, including impacts on previously reported results.

Consolidated Statements of Com4

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Statement of Comprehensive Income [Abstract]
Pension and other benefit liabilities, taxes	$ 0	$ 5
Currency translation adjustment and cash flow hedges, taxes	$ 0	$ 1

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($) $ in Millions	May 05, 2018	Feb. 03, 2018	[1]	Apr. 29, 2017	[1]	Jan. 28, 2017
Assets
Cash and cash equivalents	$ 1,060	$ 2,643		$ 2,680		$ 2,512
Inventory	8,652	8,597		7,920
Other current assets	1,164	1,300		1,116
Total current assets	10,876	12,540		11,716
Property and equipment
Land	6,090	6,095		6,105
Buildings and improvements	28,363	28,131		27,320
Fixtures and equipment	5,135	5,623		5,177
Computer hardware and software	2,511	2,645		2,546
Construction-in-progress	639	440		379
Accumulated depreciation	(17,971)	(18,398)		(17,285)
Property and equipment, net	24,767	24,536		24,242
Operating lease assets	1,958	1,884		1,879
Other noncurrent assets	1,328	1,343		723
Total assets	38,929	40,303		38,560
Liabilities and shareholders’ investment
Accounts payable	8,131	8,677		6,537
Accrued and other current liabilities	3,630	4,094		3,973
Current portion of long-term debt and other borrowings	283	281		1,729
Total current liabilities	12,044	13,052		12,239
Long-term debt and other borrowings	11,107	11,117		10,916
Noncurrent operating lease liabilities	2,007	1,924		1,923
Deferred income taxes	744	693		843
Other noncurrent liabilities	1,869	1,866		1,660
Total noncurrent liabilities	15,727	15,600		15,342
Shareholders’ investment
Common stock	44	45		46
Additional paid-in capital	5,664	5,858		5,674
Retained earnings	6,187	6,495		5,885
Accumulated other comprehensive loss	(737)	(747)		(626)
Total shareholders’ investment	11,158	11,651		10,979		$ 10,915
Total liabilities and shareholders’ investment	$ 38,929	$ 40,303		$ 38,560
[1]	Refer to Note 2 regarding the adoption of new accounting standards for revenue recognition, leases, and pensions, including impacts on previously reported results.

Consolidated Statements of Fin6

Consolidated Statements of Financial Position (Parenthetical) - $ / shares	May 05, 2018	Feb. 03, 2018	Apr. 29, 2017
Statement of Financial Position [Abstract]
Common stock, shares authorized	6,000,000,000	6,000,000,000	6,000,000,000
Common stock, par value (in dollars per share)	$ 0.0833	$ 0.0833	$ 0.0833
Common stock, shares issued	532,916,612	541,681,670	551,657,501
Common stock, shares outstanding	532,916,612	541,681,670	551,657,501
Preferred stock, shares authorized	5,000,000	5,000,000	5,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Preferred stock, shares issued	0	0	0
Preferred stock, shares outstanding	0	0	0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	May 05, 2018		Apr. 29, 2017
Operating activities
Net earnings	$ 718		$ 678	[1]
Earnings from discontinued operations, net of tax	1		3	[1]
Net earnings from continuing operations	717		675	[1]
Adjustments to reconcile net earnings to cash provided by operations
Depreciation and amortization	631		581
Share-based compensation expense	42		16
Deferred income taxes	48		2
Noncash losses / (gains) and other, net	40		(19)
Changes in operating accounts
Inventory	(55)		323
Other assets	26		22
Accounts payable	(604)		(715)
Accrued and other liabilities	(333)		372
Cash provided by operating activities—continuing operations	512		1,257
Cash provided by operating activities—discontinued operations	2		48
Cash provided by operations	514		1,305
Investing activities
Expenditures for property and equipment	(827)		(486)
Proceeds from disposal of property and equipment	4		13
Other investments	5		(9)
Cash required for investing activities	(818)		(482)
Financing activities
Reductions of long-term debt	(12)		(10)
Dividends paid	(334)		(332)
Repurchase of stock	(524)		(317)
Accelerated share repurchase pending final settlement	(425)		0
Stock option exercises	16		4
Cash required for financing activities	(1,279)		(655)
Net (decrease) / increase in cash and cash equivalents	(1,583)		168
Cash and cash equivalents at beginning of period	2,643	[2]	2,512
Cash and cash equivalents at end of period	$ 1,060		$ 2,680	[2]
[1]	Refer to Note 2 regarding the adoption of new accounting standards for revenue recognition, leases, and pensions, including impacts on previously reported results.
[2]	Refer to Note 2 regarding the adoption of new accounting standards for revenue recognition, leases, and pensions, including impacts on previously reported results.

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Investment - USD ($) $ in Millions	3 Months Ended				12 Months Ended
	May 05, 2018		Apr. 29, 2017		Feb. 03, 2018
Increase (Decrease) in Shareholders' Investment
Beginning balance (in shares)	541,681,670
Beginning balance	$ 11,651	[1]	$ 10,915		$ 10,915
Net earnings	718		678	[2]	2,914
Other comprehensive income	10		$ 12		8
Dividends declared	(333)				(1,356)
Repurchase of stock	(494)				(1,027)
Accelerated share repurchase pending final settlement	(425)
Stock options and awards	$ 31				$ 197
Ending balance (in shares)	532,916,612		551,657,501		541,681,670
Ending balance	$ 11,158		$ 10,979	[1]	$ 11,651	[1]
Common Stock
Increase (Decrease) in Shareholders' Investment
Beginning balance (in shares)	541,700,000		556,200,000		556,200,000
Beginning balance	$ 45		$ 46		$ 46
Repurchase of stock (in shares)	(6,900,000)				(17,600,000)
Repurchase of stock	$ (1)				$ (1)
Accelerated share repurchase pending final settlement (in shares)	(2,900,000)
Stock options and awards (in shares)	1,000,000				3,100,000
Ending balance (in shares)	532,900,000				541,700,000
Ending balance	$ 44				$ 45
Additional Paid-in Capital
Increase (Decrease) in Shareholders' Investment
Beginning balance	5,858		5,661		5,661
Accelerated share repurchase pending final settlement	(225)
Stock options and awards	31				197
Ending balance	5,664				5,858
Retained Earnings
Increase (Decrease) in Shareholders' Investment
Beginning balance	6,495		5,846		5,846
Net earnings	718				2,914
Dividends declared	(333)				(1,356)
Repurchase of stock	(493)				(1,026)
Accelerated share repurchase pending final settlement	(200)
Reclassification of tax effects to retained earnings					117
Ending balance	6,187				6,495
Accumulated Other Comprehensive(Loss)/Income
Increase (Decrease) in Shareholders' Investment
Beginning balance	(747)		$ (638)		(638)
Other comprehensive income	10				8
Reclassification of tax effects to retained earnings					(117)
Ending balance	$ (737)				$ (747)
[1]	Refer to Note 2 regarding the adoption of new accounting standards for revenue recognition, leases, and pensions, including impacts on previously reported results.
[2]	Refer to Note 2 regarding the adoption of new accounting standards for revenue recognition, leases, and pensions, including impacts on previously reported results.

Accounting Policies

Accounting Policies	3 Months Ended
	May 05, 2018
Accounting Policies [Abstract]
Accounting Policies	Accounting Policies These unaudited condensed consolidated financial statements are prepared in accordance with the rules and regulations of the Securities and Exchanged Commission (SEC) applicable to interim financial statements. While these statements reflect all normal recurring adjustments that are, in the opinion of management, necessary for fair presentation of the results of the interim period, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles (U.S. GAAP) for complete financial statements. These condensed consolidated financial statements should be read in conjunction with the financial statement disclosures in our 2017 Form 10-K. We use the same accounting policies in preparing quarterly and annual financial statements. Certain prior-year amounts have been reclassified to conform to the current year presentation. Note 2 provides information about our adoption of new accounting standards for revenue recognition, leases, and pensions. Unless otherwise noted, amounts presented within the Notes to Consolidated Financial Statements refer to our continuing operations. We operate as a single segment that includes all of our continuing operations, which are designed to enable guests to purchase products seamlessly in stores or through our digital channels. Virtually all of our revenues are generated in the United States. The vast majority of our long-lived assets are located within the United States. Due to the seasonal nature of our business, quarterly revenues, expenses, earnings, and cash flows are not necessarily indicative of the results that may be expected for the full year.

Accounting Standards Adopted (N

Accounting Standards Adopted (Notes)	3 Months Ended
	May 05, 2018
Accounting Changes and Error Corrections [Abstract]
Accounting Standards Adopted	Accounting Standards Adopted Revenue Recognition We adopted Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606), as of February 4, 2018, using the full retrospective approach. The new standard did not materially affect our consolidated net earnings, financial position, or cash flows. The new standard resulted in minor changes to the timing of recognition of revenues for certain promotional gift card programs. For the three months ended April 29, 2017, we reclassified $171 million of profit-sharing income under our credit card program agreement to Other Revenue from Selling, General and Administrative Expenses (SG&A). In addition, we reclassified certain advertising, rental, and other miscellaneous revenues, none of which was individually significant, from Sales and SG&A to Other Revenues. Leases We adopted ASU No. 2016-02, Leases (Topic 842) , as of February 4, 2018, using the modified retrospective approach. The modified retrospective approach provides a method for recording existing leases at adoption and in comparative periods that approximates the results of a full retrospective approach. In addition, we elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allowed us to carry forward the historical lease classification. We also elected the practical expedient related to land easements, allowing us to carry forward our accounting treatment for land easements on existing agreements. In addition, we elected the hindsight practical expedient to determine the lease term for existing leases. Our election of the hindsight practical expedient resulted in the shortening of lease terms for certain existing leases and the useful lives of corresponding leasehold improvements. In our application of hindsight, we evaluated the performance of the leased stores and the associated markets in relation to our overall real estate strategies, which resulted in the determination that most renewal options would not be reasonably certain in determining the expected lease term. Adoption of the new standard resulted in the recording of additional net lease assets and lease liabilities of approximately $1.3 billion and $1.4 billion , respectively, as of February 4, 2018. The difference between the additional lease assets and lease liabilities, net of the deferred tax impact, was recorded as an adjustment to retained earnings. The standard did not materially impact our consolidated net earnings and had no impact on cash flows. Pensions In the first quarter of 2018, we adopted ASU No. 2017-07, Compensation – Retirement Benefits (Topic 715) using the full retrospective approach. The new standard requires employers to disaggregate and present separately the current service cost component from the other components of net benefit cost within the Consolidated Statement of Operations. For the three months ended April 29, 2017, we reclassified $(15) million of non-service cost components of net benefit cost to Net Other (Income) / Expense from SG&A on our Consolidated Statements of Operations. Effect of Accounting Standards Adoption on Consolidated Statement of Operations Three Months Ended Effect of the Adoption of Three Months Ended ASC ASC ASU 2017-07 (Pension) (millions, except per share data) (unaudited) April 29, 2017 As Previously Reported April 29, 2017 As Adjusted Sales $ 16,017 $ (22 ) (a) $ — $ — $ 15,995 Other revenue — 228 (a) — — 228 Total revenue 16,017 206 — — 16,223 Cost of sales 11,199 — — — 11,199 Selling, general and administrative expenses 3,132 206 (a) — 15 (c) 3,353 Depreciation and amortization (exclusive of depreciation included in cost of sales) 508 — 8 (b) — 516 Operating income 1,178 — (8 ) (15 ) 1,155 Net interest expense 144 — (3 ) (b) — 140 Net other (income) / expense — — — (15 ) (c) (15 ) Earnings from continuing operations before income taxes 1,034 — (5 ) — 1,030 Provision for income taxes 357 — (2 ) — 355 Net earnings from continuing operations 677 — (3 ) — 675 Discontinued operations, net of tax 4 — — — 3 Net earnings $ 681 $ — $ (3 ) $ — $ 678 Basic earnings per share Continuing operations $ 1.23 $ 1.22 Discontinued operations 0.01 0.01 Net earnings per share $ 1.23 $ 1.23 Diluted earnings per share Continuing operations $ 1.22 $ 1.21 Discontinued operations 0.01 0.01 Net earnings per share $ 1.23 $ 1.22 Note: Per share amounts may not foot due to rounding. The sum of "As Previously Reported" amounts and effects of the adoption of the new standards may not equal "As Adjusted" amounts due to rounding. (a) For the three months ended April 29, 2017, we reclassified $171 million of profit-sharing income under our credit card program agreement to Other Revenue from SG&A. In addition, we reclassified certain advertising, rental, and other miscellaneous revenues, none of which was individually significant, from Sales and SG&A to Other Revenues. (b) Relates to lease-term changes under the hindsight practical expedient. (c) Relates to non-service cost components reclassified to Net Other (Income) / Expense from SG&A. Effect of Accounting Standards Adoption on Consolidated Statement of Financial Position Effect of the Adoption of (millions) (unaudited) February 3, 2018 As Previously Reported ASC ASC February 3, 2018 As Adjusted Assets Cash and cash equivalents $ 2,643 $ — $ — $ 2,643 Inventory 8,657 (60 ) (a) — 8,597 Other current assets 1,264 60 (a) (24 ) (b) 1,300 Total current assets 12,564 — (24 ) 12,540 Property and equipment Land 6,095 — — 6,095 Buildings and improvements 28,396 — (265 ) (c) 28,131 Fixtures and equipment 5,623 — — 5,623 Computer hardware and software 2,645 — — 2,645 Construction-in-progress 440 — — 440 Accumulated depreciation (18,181 ) — (217 ) (c) (18,398 ) Property and equipment, net 25,018 — (482 ) 24,536 Operating lease assets — — 1,884 (d) 1,884 Other noncurrent assets 1,417 — (74 ) (e) 1,343 Total assets $ 38,999 $ — $ 1,304 $ 40,303 Liabilities and shareholders’ investment Accounts payable $ 8,677 $ — $ — $ 8,677 Accrued and other current liabilities 4,254 (14 ) (k) (146 ) (f) 4,094 Current portion of long-term debt and other borrowings 270 — 11 (g) 281 Total current liabilities 13,201 (14 ) (135 ) 13,052 Long-term debt and other borrowings 11,317 — (200 ) (g) 11,117 Noncurrent operating lease liabilities — — 1,924 (h) 1,924 Deferred income taxes 713 4 (24 ) 693 Other noncurrent liabilities 2,059 — (192 ) (i) 1,866 Total noncurrent liabilities 14,089 4 1,508 15,600 Shareholders’ investment Common stock 45 — — 45 Additional paid-in capital 5,858 — — 5,858 Retained earnings 6,553 10 (k) (69 ) (j) 6,495 Accumulated other comprehensive loss (747 ) — — (747 ) Total shareholders’ investment 11,709 10 (69 ) 11,651 Total liabilities and shareholders’ investment $ 38,999 $ — $ 1,304 $ 40,303 Note: The sum of "As Previously Reported" amounts and effects of the adoption of the new standards may not equal "As Adjusted" amounts due to rounding. Footnote explanations are provided on page 9. Effect of Accounting Standards Adoption on Consolidated Statement of Financial Position Effect of the Adoption of (millions) (unaudited) April 29, 2017 As Previously Reported ASC Topic 606 ASC Topic 842 (Leases) April 29, 2017 As Adjusted Assets Cash and cash equivalents $ 2,680 $ — $ — $ 2,680 Inventory 7,986 (65 ) (a) — 7,920 Other current assets 1,073 65 (a) (23 ) (b) 1,116 Total current assets 11,739 — (23 ) 11,716 Property and equipment Land 6,105 — — 6,105 Buildings and improvements 27,740 — (420 ) (c) 27,320 Fixtures and equipment 5,177 — — 5,177 Computer hardware and software 2,546 — — 2,546 Construction-in-progress 379 — — 379 Accumulated depreciation (17,265 ) — (20 ) (c) (17,285 ) Property and equipment, net 24,682 — (440 ) 24,242 Operating lease assets — — 1,879 (d) 1,879 Other noncurrent assets 797 — (75 ) (e) 723 Total assets $ 37,218 $ — $ 1,341 $ 38,560 Liabilities and shareholders’ investment Accounts payable $ 6,537 $ — $ — $ 6,537 Accrued and other current liabilities 4,137 (14 ) (k) (151 ) (f) 3,973 Current portion of long-term debt and other borrowings 1,718 — 11 (g) 1,729 Total current liabilities 12,392 (14 ) (140 ) 12,239 Long-term debt and other borrowings 11,086 — (170 ) (g) 10,916 Noncurrent operating lease liabilities — — 1,923 (h) 1,923 Deferred income taxes 869 6 (32 ) 843 Other noncurrent liabilities 1,850 — (190 ) (i) 1,660 Total noncurrent liabilities 13,805 6 1,531 15,342 Shareholders’ investment Common stock 46 — — 46 Additional paid-in capital 5,674 — — 5,674 Retained earnings 5,927 8 (k) (50 ) (j) 5,885 Accumulated other comprehensive loss (626 ) — — (626 ) Total shareholders’ investment 11,021 8 (50 ) 10,979 Total liabilities and shareholders’ investment $ 37,218 $ — $ 1,341 $ 38,560 Note: The sum of "As Previously Reported" amounts and effects of the adoption of the new standards may not equal "As Adjusted" amounts due to rounding. (a) Represents estimated merchandise returns, which were reclassified from Inventory to Other Current Assets. (b) Represents prepaid rent reclassified to Operating Lease Assets. (c) Represents impact of changes in finance lease terms and related leasehold improvements (net of accumulated depreciation) under the hindsight practical expedient and derecognition of approximately $135 million of non-Target owned properties that were consolidated under previously existing build-to-suit accounting rules. (d) Represents capitalization of operating lease assets and reclassification of leasehold acquisition costs, straight-line rent accrual, and tenant incentives. (e) Represents reclassification of leasehold acquisition costs to Operating Lease Assets. (f) Represents reclassification of straight-line rent accrual to Operating Lease Assets, partially offset by recognition of the current portion of operating lease liabilities. (g) Represents the impact of changes in financing lease terms for certain leases due to the election of the hindsight practical expedient. (h) Represents recognition of operating lease liabilities. (i) Represents derecognition of approximately $135 million of liabilities related to non-Target owned properties that were consolidated under previously existing build-to-suit accounting rules and reclassification of tenant incentives to Operating Lease Assets. (j) Represents the retained earnings impact of lease-term changes due to the use of hindsight, primarily from the shortening of lease terms for certain existing leases and useful lives of corresponding leasehold improvements. (k) Primarily represents the impact of a change in timing of revenue recognition for certain promotional gift card programs.

Revenues (Notes)

Revenues (Notes)	3 Months Ended
	May 05, 2018
Revenue from Contract with Customer [Abstract]
Revenues	Revenues General merchandise sales represent the vast majority of our revenues. We also earn revenues from a variety of other sources, most notably credit card profit sharing income from our arrangement with TD Bank Group (TD). During the first quarter of 2018, we reclassified certain income streams, including credit card profit sharing income, to Other Revenue on our Consolidated Statements of Operations and conformed prior periods. Note 2 provides additional information. Revenues Three Months Ended (millions) May 5, April 29, Beauty and household essentials $ 4,227 $ 4,051 Food and beverage 3,587 3,452 Apparel and accessories 3,503 3,413 Home furnishings and décor 2,903 2,747 Hardlines 2,313 2,310 Other 23 22 Sales 16,556 15,995 Credit card profit sharing 167 171 Other 58 57 Other revenue 225 228 Total revenue $ 16,781 $ 16,223 Merchandise sales – We record almost all retail store revenues at the point of sale. Digital channel originated sales may include shipping revenue and are recorded upon delivery to the guest or upon guest pickup in store. Total revenues do not include sales tax because we are a pass-through conduit for collecting and remitting sales taxes. Generally, guests may return national brand merchandise within 90 days of purchase and owned and exclusive brands within one year of purchase. Sales are recognized net of expected returns, which we estimate using historical return patterns and our expectation of future returns. As of May 5, 2018, February 3, 2018, and April 29, 2017, the accrual for estimated returns was $119 million , $110 million , and $122 million , respectively. We have not historically had material adjustments to our returns estimates. Under certain vendor arrangements the purchase and sale of inventory is virtually simultaneous. We record revenue and related costs gross for the vast majority of these arrangements, with approximately 5% of consolidated sales made under such arrangements. We concluded that we are the principal in these transactions for a number of reasons, most notably because we 1) control the overall economics of the transactions, including setting the sales price and realizing the majority of cash flows from the sale, 2) control the relationship with the customer, and 3) are responsible for fulfilling the promise to provide goods to the customer. Revenue from Target gift card sales is recognized upon gift card redemption, which is typically within one year of issuance. Our gift cards do not expire. Based on historical redemption rates, a small and relatively stable percentage of gift cards will never be redeemed, referred to as "breakage." Estimated breakage revenue is recognized over time in proportion to actual gift card redemptions. (millions) February 3, Gift Cards Issued During Current Period But Not Redeemed (a) Revenue Recognized From Beginning Liability May 5, Gift card liability $ 709 $ 205 $ (281 ) $ 633 (a) Net of estimated breakage. Guests receive a 5 percent discount on virtually all purchases and receive free shipping at Target.com when they use their Target-branded credit or debit card (REDcards). The 5 percent discount is included as a sales reduction in our Consolidated Statements of Operations and was $214 million and $209 million for the three months ended May 5, 2018 and April 29, 2017, respectively. Credit card profit sharing – We receive payments under a credit card program agreement with TD. Under the agreement, we receive a percentage of the profits generated by the Target Credit Card and Target MasterCard receivables in exchange for performing account servicing and primary marketing functions. TD underwrites, funds, and owns Target Credit Card and Target MasterCard receivables, controls risk management policies, and oversees regulatory compliance.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	May 05, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value measurements are reported in one of three levels reflecting the valuation techniques used to determine fair value. Fair Value Measurements - Recurring Basis Fair Value at (millions) Pricing Category May 5, February 3, April 29, Assets Cash and Cash Equivalents Short-term investments Level 1 $ 311 $ 1,906 $ 2,002 Other Current Assets Prepaid forward contracts Level 1 21 23 37 Other Noncurrent Assets Interest rate swaps (a) Level 2 — — 4 Liabilities Other Noncurrent Liabilities Interest rate swaps (a) Level 2 10 6 — (a) See Note 7 for additional information on interest rate swaps. Significant Financial Instruments not Measured at Fair Value (a) (millions) May 5, 2018 February 3, 2018 April 29, 2017 Carrying Amount Fair Value Carrying Amount Fair Value Carrying Amount Fair Value Debt (b) $ 10,442 $ 10,782 $ 10,440 $ 11,155 $ 11,717 $ 12,610 (a) The carrying amounts of certain other current assets, accounts payable, and certain accrued and other current liabilities approximate fair value due to their short-term nature. (b) The carrying amount and estimated fair value of debt exclude unamortized swap valuation adjustments and lease liabilities.

Cash and Cash Equivalents

Cash and Cash Equivalents	3 Months Ended
	May 05, 2018
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents at May 5, 2018 include $311 million of highly liquid investments with an original maturity of three months or less from the time of purchase. Cash equivalents also include amounts due from third-party financial institutions for credit and debit card transactions, which typically settle in five days or less.

Notes Payable and Long-Term Deb

Notes Payable and Long-Term Debt	3 Months Ended
	May 05, 2018
Debt Disclosure [Abstract]
Notes Payable and Long-Term Debt	Notes Payable and Long-Term Debt We obtain short-term financing from time to time under our commercial paper program, a form of notes payable. For the three months ended May 5, 2018 , the maximum amount outstanding was $658 million and the average daily amount outstanding was $127 million at a weighted average annual interest rate of 1.8 percent . At May 5, 2018 , no balances were outstanding. No balances were outstanding at any time during the three months ended April 29, 2017.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	May 05, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Our derivative instruments primarily consist of interest rate swaps, which we use to mitigate interest rate risk. As a result of our use of derivative instruments, we have counterparty credit exposure to large global financial institutions. We monitor this concentration of counterparty credit risk on an ongoing basis. See Note 4 for a description of the fair value measurement of our derivative instruments and their classification on the Consolidated Statements of Financial Position. In March 2018, we entered into an interest rate swap with a notional amount of $250 million , under which we pay a variable rate and receive a fixed rate. We designated this swap as a fair value hedge. With the addition of this swap, as of May 5, 2018 , three interest rate swaps with notional amounts totaling $1,250 million were designated as fair value hedges. As of April 29, 2017, two interest rate swaps with notional amounts totaling $1,000 million were designated as fair value hedges. No ineffectiveness was recognized during the three months ended May 5, 2018 or April 29, 2017 . We recorded income of less than $1 million and $4 million during the three months ended May 5, 2018 and April 29, 2017 , respectively, within Net Interest Expense on our Consolidated Statements of Operations related to periodic payments, valuation adjustments, and amortization of gains or losses on our interest rate swaps.

Leases

Leases	3 Months Ended
	May 05, 2018
Leases [Abstract]
Leases	Leases We lease certain retail stores, warehouses, distribution centers, office space, land, and equipment. Leases with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expense for these leases on a straight-line basis over the lease term. For leases beginning in 2018 and later, we account for lease components (e.g., fixed payments including rent, real estate taxes and insurance costs) separately from the nonlease components (e.g., common-area maintenance costs). Most leases include one or more options to renew, with renewal terms that can extend the lease term from one to 50 years or more. The exercise of lease renewal options is at our sole discretion. Certain leases also include options to purchase the leased property. The depreciable life of assets and leasehold improvements are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise. Certain of our lease agreements include rental payments based on a percentage of retail sales over contractual levels and others include rental payments adjusted periodically for inflation. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. We rent or sublease certain real estate to third parties. Our sublease portfolio consists mainly of operating leases with CVS Pharmacy Inc. for space within our stores. Leases (millions) Classification May 5, February 3, April 29, Assets Operating lease assets Operating Lease Assets $ 1,958 $ 1,884 $ 1,879 Finance lease assets Buildings and Improvements, net of Accumulated Depreciation (a) 826 836 803 Total leased assets $ 2,784 $ 2,720 $ 2,682 Liabilities Current Operating Accrued and Other Current Liabilities $ 150 $ 147 $ 126 Finance Current Portion of Long-term Debt and Other Borrowings 81 80 44 Noncurrent Operating Noncurrent Operating Lease Liabilities 2,007 1,924 1,923 Finance Long-term Debt and Other Borrowings 876 885 877 Total lease liabilities $ 3,114 $ 3,036 $ 2,970 (a) Finance lease assets are recorded net of accumulated amortization of $332 million , $317 million , and $269 million as of May 5, 2018, February 3, 2018, and April 29, 2017, respectively. Lease Cost Three Months Ended (millions) Classification May 5, April 29, Operating lease cost (a) SG&A Expenses $ 60 $ 53 Finance lease cost Amortization of leased assets Depreciation and Amortization (b) 17 15 Interest on lease liabilities Net Interest Expense 11 10 Sublease income (c) Other Revenue (2 ) (2 ) Net lease cost $ 86 $ 76 (a) Includes short-term leases and variable lease costs, which are immaterial. (b) Supply chain-related amounts are included in Cost of Sales. (c) Sublease income excludes rental income from owned properties of $12 million for the three months ended May 5, 2018 and April 29, 2017, which is included in Other Revenue. Maturity of Lease Liabilities (millions) Operating Leases (a) Finance Leases (b) Total 2018 $ 174 $ 99 $ 273 2019 230 91 321 2020 220 88 308 2021 212 88 300 2022 208 88 296 After 2022 1,880 920 2,800 Total lease payments $ 2,924 $ 1,374 $ 4,298 Less: Interest (c) 767 417 Present value of lease liabilities (d) $ 2,157 $ 957 Note: For leases commencing prior to 2018, minimum lease payments excludes payments to landlords for real estate taxes and common area maintenance. (a) Operating lease payments include $798 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $264 million of legally binding minimum lease payments for leases signed but not yet commenced. (b) Finance lease payments include $122 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $236 million of legally binding minimum lease payments for leases signed but not yet commenced. (c) Calculated using the interest rate for each lease. (d) Includes the current portion of $150 million for operating leases and $81 million for finance leases. Lease Term and Discount Rate May 5, February 3, April 29, Weighted-average remaining lease term (years) Operating leases 14.9 15.2 15.9 Finance leases 15.2 15.4 15.4 Weighted-average discount rate Operating leases 3.89 % 3.88 % 3.90 % Finance leases 4.67 % 4.64 % 4.63 % Other Information Three Months Ended (millions) May 5, April 29, Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 49 $ 47 Operating cash flows from finance leases 11 10 Financing cash flows from finance leases 12 10 Leased assets obtained in exchange for new finance lease liabilities 5 63 Leased assets obtained in exchange for new operating lease liabilities 113 103

Income Taxes

Income Taxes	3 Months Ended
	May 05, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Three Months Ended (dollars in millions) May 5, April 29, 2017 As Adjusted Income tax expense $ 210 $ 355 Effective tax rate (a) 22.6 % 34.5 % (a) For the three months ended May 5, 2018, our income tax rate decreased by 11.9% compared with the three months ended April 29, 2017 primarily due to the lower federal corporate tax rate enacted by the Tax Cuts and Jobs Act (the Tax Act), partially offset by certain other provisions, none of which was individually significant. In 2017, we recorded provisional amounts for certain income tax effects of the Tax Act for which the accounting under ASC Topic 740 was incomplete but a reasonable estimate could be determined. During the three months ended May 5, 2018, we made no adjustments to previously-recorded provisional amounts related to the Tax Act. Additional work is necessary for a more detailed analysis of (1) certain deferred tax assets and liabilities, including 2017 accelerated depreciation deductions, and (2) historical foreign earnings and outside book/tax basis differences. We do not expect subsequent adjustments to be material, but any such adjustments related to these amounts will be recorded to tax expense in the quarter of 2018 in which we complete the analysis. Beginning with the quarter ending May 5, 2018, we are subject to a new tax on global intangible low-taxed income that is imposed on foreign earnings. We have made an accounting election to record this tax as a period cost and thus have not adjusted any of the deferred tax assets or liabilities of our foreign subsidiaries for the new tax. Impacts of this new tax were immaterial and are included in our provision for income taxes for the three months ended May 5, 2018.

Share Repurchase

Share Repurchase	3 Months Ended
	May 05, 2018
Equity [Abstract]
Share Repurchase	Share Repurchase Three Months Ended (millions, except per share data) May 5, April 29, Total number of shares purchased 6.9 4.9 Average price paid per share $ 71.24 $ 61.68 Total investment $ 494 $ 305 Note: Activity related to the April 2018 accelerated share repurchase (ASR) described below is omitted because the transaction was not fully settled as of May 5, 2018. During April 2018, we entered into an ASR to repurchase $225 to $425 million of our common stock under the existing $5 billion share repurchase program. Under the agreement, we paid $425 million and received an initial delivery of 2.9 million shares, which were retired, resulting in a $200 million reduction to Retained Earnings. As of May 5, 2018, $225 million is included in the Consolidated Statement of Financial Position as a reduction to Additional Paid-in Capital.

Pension Benefits

Pension Benefits	3 Months Ended
	May 05, 2018
Retirement Benefits [Abstract]
Pension Benefits	Pension Benefits We provide pension plan benefits to certain eligible team members. Net Pension Benefits Expense Three Months Ended (millions) May 5, April 29, Service cost $ 24 $ 21 Interest cost 37 34 Expected return on assets (62 ) (61 ) Amortization of losses 21 15 Amortization of prior service cost (3 ) (3 ) Total $ 17 $ 6

Accumulated Other Comprehensive

Accumulated Other Comprehensive (Loss) / Income	3 Months Ended
	May 05, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive (Loss) / Income	Accumulated Other Comprehensive (Loss) / Income (millions) Cash Flow Hedges Currency Translation Adjustment Pension Total February 3, 2018 $ (14 ) $ (13 ) $ (720 ) $ (747 ) Other comprehensive income before reclassifications — (3 ) — (3 ) Amounts reclassified from AOCI — — 13 (a) 13 May 5, 2018 $ (14 ) $ (16 ) $ (707 ) $ (737 ) (a) Represents pension amortization, net of $5 million of taxes.

Accounting Standards Adopted (T

Accounting Standards Adopted (Tables)	3 Months Ended
	May 05, 2018
Accounting Changes and Error Corrections [Abstract]
Schedule of Impact of New Accounting Pronouncements	Effect of Accounting Standards Adoption on Consolidated Statement of Operations Three Months Ended Effect of the Adoption of Three Months Ended ASC ASC ASU 2017-07 (Pension) (millions, except per share data) (unaudited) April 29, 2017 As Previously Reported April 29, 2017 As Adjusted Sales $ 16,017 $ (22 ) (a) $ — $ — $ 15,995 Other revenue — 228 (a) — — 228 Total revenue 16,017 206 — — 16,223 Cost of sales 11,199 — — — 11,199 Selling, general and administrative expenses 3,132 206 (a) — 15 (c) 3,353 Depreciation and amortization (exclusive of depreciation included in cost of sales) 508 — 8 (b) — 516 Operating income 1,178 — (8 ) (15 ) 1,155 Net interest expense 144 — (3 ) (b) — 140 Net other (income) / expense — — — (15 ) (c) (15 ) Earnings from continuing operations before income taxes 1,034 — (5 ) — 1,030 Provision for income taxes 357 — (2 ) — 355 Net earnings from continuing operations 677 — (3 ) — 675 Discontinued operations, net of tax 4 — — — 3 Net earnings $ 681 $ — $ (3 ) $ — $ 678 Basic earnings per share Continuing operations $ 1.23 $ 1.22 Discontinued operations 0.01 0.01 Net earnings per share $ 1.23 $ 1.23 Diluted earnings per share Continuing operations $ 1.22 $ 1.21 Discontinued operations 0.01 0.01 Net earnings per share $ 1.23 $ 1.22 Note: Per share amounts may not foot due to rounding. The sum of "As Previously Reported" amounts and effects of the adoption of the new standards may not equal "As Adjusted" amounts due to rounding. (a) For the three months ended April 29, 2017, we reclassified $171 million of profit-sharing income under our credit card program agreement to Other Revenue from SG&A. In addition, we reclassified certain advertising, rental, and other miscellaneous revenues, none of which was individually significant, from Sales and SG&A to Other Revenues. (b) Relates to lease-term changes under the hindsight practical expedient. (c) Relates to non-service cost components reclassified to Net Other (Income) / Expense from SG&A. Effect of Accounting Standards Adoption on Consolidated Statement of Financial Position Effect of the Adoption of (millions) (unaudited) February 3, 2018 As Previously Reported ASC ASC February 3, 2018 As Adjusted Assets Cash and cash equivalents $ 2,643 $ — $ — $ 2,643 Inventory 8,657 (60 ) (a) — 8,597 Other current assets 1,264 60 (a) (24 ) (b) 1,300 Total current assets 12,564 — (24 ) 12,540 Property and equipment Land 6,095 — — 6,095 Buildings and improvements 28,396 — (265 ) (c) 28,131 Fixtures and equipment 5,623 — — 5,623 Computer hardware and software 2,645 — — 2,645 Construction-in-progress 440 — — 440 Accumulated depreciation (18,181 ) — (217 ) (c) (18,398 ) Property and equipment, net 25,018 — (482 ) 24,536 Operating lease assets — — 1,884 (d) 1,884 Other noncurrent assets 1,417 — (74 ) (e) 1,343 Total assets $ 38,999 $ — $ 1,304 $ 40,303 Liabilities and shareholders’ investment Accounts payable $ 8,677 $ — $ — $ 8,677 Accrued and other current liabilities 4,254 (14 ) (k) (146 ) (f) 4,094 Current portion of long-term debt and other borrowings 270 — 11 (g) 281 Total current liabilities 13,201 (14 ) (135 ) 13,052 Long-term debt and other borrowings 11,317 — (200 ) (g) 11,117 Noncurrent operating lease liabilities — — 1,924 (h) 1,924 Deferred income taxes 713 4 (24 ) 693 Other noncurrent liabilities 2,059 — (192 ) (i) 1,866 Total noncurrent liabilities 14,089 4 1,508 15,600 Shareholders’ investment Common stock 45 — — 45 Additional paid-in capital 5,858 — — 5,858 Retained earnings 6,553 10 (k) (69 ) (j) 6,495 Accumulated other comprehensive loss (747 ) — — (747 ) Total shareholders’ investment 11,709 10 (69 ) 11,651 Total liabilities and shareholders’ investment $ 38,999 $ — $ 1,304 $ 40,303 Note: The sum of "As Previously Reported" amounts and effects of the adoption of the new standards may not equal "As Adjusted" amounts due to rounding. Footnote explanations are provided on page 9. Effect of Accounting Standards Adoption on Consolidated Statement of Financial Position Effect of the Adoption of (millions) (unaudited) April 29, 2017 As Previously Reported ASC Topic 606 ASC Topic 842 (Leases) April 29, 2017 As Adjusted Assets Cash and cash equivalents $ 2,680 $ — $ — $ 2,680 Inventory 7,986 (65 ) (a) — 7,920 Other current assets 1,073 65 (a) (23 ) (b) 1,116 Total current assets 11,739 — (23 ) 11,716 Property and equipment Land 6,105 — — 6,105 Buildings and improvements 27,740 — (420 ) (c) 27,320 Fixtures and equipment 5,177 — — 5,177 Computer hardware and software 2,546 — — 2,546 Construction-in-progress 379 — — 379 Accumulated depreciation (17,265 ) — (20 ) (c) (17,285 ) Property and equipment, net 24,682 — (440 ) 24,242 Operating lease assets — — 1,879 (d) 1,879 Other noncurrent assets 797 — (75 ) (e) 723 Total assets $ 37,218 $ — $ 1,341 $ 38,560 Liabilities and shareholders’ investment Accounts payable $ 6,537 $ — $ — $ 6,537 Accrued and other current liabilities 4,137 (14 ) (k) (151 ) (f) 3,973 Current portion of long-term debt and other borrowings 1,718 — 11 (g) 1,729 Total current liabilities 12,392 (14 ) (140 ) 12,239 Long-term debt and other borrowings 11,086 — (170 ) (g) 10,916 Noncurrent operating lease liabilities — — 1,923 (h) 1,923 Deferred income taxes 869 6 (32 ) 843 Other noncurrent liabilities 1,850 — (190 ) (i) 1,660 Total noncurrent liabilities 13,805 6 1,531 15,342 Shareholders’ investment Common stock 46 — — 46 Additional paid-in capital 5,674 — — 5,674 Retained earnings 5,927 8 (k) (50 ) (j) 5,885 Accumulated other comprehensive loss (626 ) — — (626 ) Total shareholders’ investment 11,021 8 (50 ) 10,979 Total liabilities and shareholders’ investment $ 37,218 $ — $ 1,341 $ 38,560 Note: The sum of "As Previously Reported" amounts and effects of the adoption of the new standards may not equal "As Adjusted" amounts due to rounding. (a) Represents estimated merchandise returns, which were reclassified from Inventory to Other Current Assets. (b) Represents prepaid rent reclassified to Operating Lease Assets. (c) Represents impact of changes in finance lease terms and related leasehold improvements (net of accumulated depreciation) under the hindsight practical expedient and derecognition of approximately $135 million of non-Target owned properties that were consolidated under previously existing build-to-suit accounting rules. (d) Represents capitalization of operating lease assets and reclassification of leasehold acquisition costs, straight-line rent accrual, and tenant incentives. (e) Represents reclassification of leasehold acquisition costs to Operating Lease Assets. (f) Represents reclassification of straight-line rent accrual to Operating Lease Assets, partially offset by recognition of the current portion of operating lease liabilities. (g) Represents the impact of changes in financing lease terms for certain leases due to the election of the hindsight practical expedient. (h) Represents recognition of operating lease liabilities. (i) Represents derecognition of approximately $135 million of liabilities related to non-Target owned properties that were consolidated under previously existing build-to-suit accounting rules and reclassification of tenant incentives to Operating Lease Assets. (j) Represents the retained earnings impact of lease-term changes due to the use of hindsight, primarily from the shortening of lease terms for certain existing leases and useful lives of corresponding leasehold improvements. (k) Primarily represents the impact of a change in timing of revenue recognition for certain promotional gift card programs.

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	May 05, 2018
Revenue from Contract with Customer [Abstract]
Schedule of Revenue	Revenues Three Months Ended (millions) May 5, April 29, Beauty and household essentials $ 4,227 $ 4,051 Food and beverage 3,587 3,452 Apparel and accessories 3,503 3,413 Home furnishings and décor 2,903 2,747 Hardlines 2,313 2,310 Other 23 22 Sales 16,556 15,995 Credit card profit sharing 167 171 Other 58 57 Other revenue 225 228 Total revenue $ 16,781 $ 16,223
Schedule of Gift Card Liability	(millions) February 3, Gift Cards Issued During Current Period But Not Redeemed (a) Revenue Recognized From Beginning Liability May 5, Gift card liability $ 709 $ 205 $ (281 ) $ 633 (a) Net of estimated breakage.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	May 05, 2018
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurements - Recurring Basis	Fair value measurements are reported in one of three levels reflecting the valuation techniques used to determine fair value. Fair Value Measurements - Recurring Basis Fair Value at (millions) Pricing Category May 5, February 3, April 29, Assets Cash and Cash Equivalents Short-term investments Level 1 $ 311 $ 1,906 $ 2,002 Other Current Assets Prepaid forward contracts Level 1 21 23 37 Other Noncurrent Assets Interest rate swaps (a) Level 2 — — 4 Liabilities Other Noncurrent Liabilities Interest rate swaps (a) Level 2 10 6 — (a) See Note 7 for additional information on interest rate swaps.
Schedule of Significant Financial Instruments not Measured at Fair Value	Significant Financial Instruments not Measured at Fair Value (a) (millions) May 5, 2018 February 3, 2018 April 29, 2017 Carrying Amount Fair Value Carrying Amount Fair Value Carrying Amount Fair Value Debt (b) $ 10,442 $ 10,782 $ 10,440 $ 11,155 $ 11,717 $ 12,610 (a) The carrying amounts of certain other current assets, accounts payable, and certain accrued and other current liabilities approximate fair value due to their short-term nature. (b) The carrying amount and estimated fair value of debt exclude unamortized swap valuation adjustments and lease liabilities.

Leases (Tables)

Leases (Tables)	3 Months Ended
	May 05, 2018
Leases [Abstract]
Schedule of Lease Assets and LIabilities	Leases (millions) Classification May 5, February 3, April 29, Assets Operating lease assets Operating Lease Assets $ 1,958 $ 1,884 $ 1,879 Finance lease assets Buildings and Improvements, net of Accumulated Depreciation (a) 826 836 803 Total leased assets $ 2,784 $ 2,720 $ 2,682 Liabilities Current Operating Accrued and Other Current Liabilities $ 150 $ 147 $ 126 Finance Current Portion of Long-term Debt and Other Borrowings 81 80 44 Noncurrent Operating Noncurrent Operating Lease Liabilities 2,007 1,924 1,923 Finance Long-term Debt and Other Borrowings 876 885 877 Total lease liabilities $ 3,114 $ 3,036 $ 2,970 (a) Finance lease assets are recorded net of accumulated amortization of $332 million , $317 million , and $269 million as of May 5, 2018, February 3, 2018, and April 29, 2017, respectively.
Schedule of Lease Costs and Terms	Lease Term and Discount Rate May 5, February 3, April 29, Weighted-average remaining lease term (years) Operating leases 14.9 15.2 15.9 Finance leases 15.2 15.4 15.4 Weighted-average discount rate Operating leases 3.89 % 3.88 % 3.90 % Finance leases 4.67 % 4.64 % 4.63 % Lease Cost Three Months Ended (millions) Classification May 5, April 29, Operating lease cost (a) SG&A Expenses $ 60 $ 53 Finance lease cost Amortization of leased assets Depreciation and Amortization (b) 17 15 Interest on lease liabilities Net Interest Expense 11 10 Sublease income (c) Other Revenue (2 ) (2 ) Net lease cost $ 86 $ 76 (a) Includes short-term leases and variable lease costs, which are immaterial. (b) Supply chain-related amounts are included in Cost of Sales. (c) Sublease income excludes rental income from owned properties of $12 million for the three months ended May 5, 2018 and April 29, 2017, which is included in Other Revenue.
Schedule of Operating Lease Maturities	Maturity of Lease Liabilities (millions) Operating Leases (a) Finance Leases (b) Total 2018 $ 174 $ 99 $ 273 2019 230 91 321 2020 220 88 308 2021 212 88 300 2022 208 88 296 After 2022 1,880 920 2,800 Total lease payments $ 2,924 $ 1,374 $ 4,298 Less: Interest (c) 767 417 Present value of lease liabilities (d) $ 2,157 $ 957 Note: For leases commencing prior to 2018, minimum lease payments excludes payments to landlords for real estate taxes and common area maintenance. (a) Operating lease payments include $798 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $264 million of legally binding minimum lease payments for leases signed but not yet commenced. (b) Finance lease payments include $122 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $236 million of legally binding minimum lease payments for leases signed but not yet commenced. (c) Calculated using the interest rate for each lease. (d) Includes the current portion of $150 million for operating leases and $81 million for finance leases.
Schedule of Finance Lease Maturities	Maturity of Lease Liabilities (millions) Operating Leases (a) Finance Leases (b) Total 2018 $ 174 $ 99 $ 273 2019 230 91 321 2020 220 88 308 2021 212 88 300 2022 208 88 296 After 2022 1,880 920 2,800 Total lease payments $ 2,924 $ 1,374 $ 4,298 Less: Interest (c) 767 417 Present value of lease liabilities (d) $ 2,157 $ 957 Note: For leases commencing prior to 2018, minimum lease payments excludes payments to landlords for real estate taxes and common area maintenance. (a) Operating lease payments include $798 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $264 million of legally binding minimum lease payments for leases signed but not yet commenced. (b) Finance lease payments include $122 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $236 million of legally binding minimum lease payments for leases signed but not yet commenced. (c) Calculated using the interest rate for each lease. (d) Includes the current portion of $150 million for operating leases and $81 million for finance leases.
Schedule of Other Lease Information	Other Information Three Months Ended (millions) May 5, April 29, Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 49 $ 47 Operating cash flows from finance leases 11 10 Financing cash flows from finance leases 12 10 Leased assets obtained in exchange for new finance lease liabilities 5 63 Leased assets obtained in exchange for new operating lease liabilities 113 103

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	May 05, 2018
Income Tax Disclosure [Abstract]
Schedule of Provision for Income Taxes	Three Months Ended (dollars in millions) May 5, April 29, 2017 As Adjusted Income tax expense $ 210 $ 355 Effective tax rate (a) 22.6 % 34.5 % (a) For the three months ended May 5, 2018, our income tax rate decreased by 11.9% compared with the three months ended April 29, 2017 primarily due to the lower federal corporate tax rate enacted by the Tax Cuts and Jobs Act (the Tax Act), partially offset by certain other provisions, none of which was individually significant.

Share Repurchase (Tables)

Share Repurchase (Tables)	3 Months Ended
	May 05, 2018
Equity [Abstract]
Schedule of Share Repurchase (excluding ASR)	Three Months Ended (millions, except per share data) May 5, April 29, Total number of shares purchased 6.9 4.9 Average price paid per share $ 71.24 $ 61.68 Total investment $ 494 $ 305 Note: Activity related to the April 2018 accelerated share repurchase (ASR) described below is omitted because the transaction was not fully settled as of May 5, 2018.

Pension Benefits (Tables)

Pension Benefits (Tables)	3 Months Ended
	May 05, 2018
Retirement Benefits [Abstract]
Schedule of Net Pension and Postretirement Health Care Benefits Expense	We provide pension plan benefits to certain eligible team members. Net Pension Benefits Expense Three Months Ended (millions) May 5, April 29, Service cost $ 24 $ 21 Interest cost 37 34 Expected return on assets (62 ) (61 ) Amortization of losses 21 15 Amortization of prior service cost (3 ) (3 ) Total $ 17 $ 6

Accumulated Other Comprehensi28

Accumulated Other Comprehensive (Loss) / Income (Tables)	3 Months Ended
	May 05, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Summary of the Changes in Accumulated Other Comprehensive Income (AOCI) by Component	(millions) Cash Flow Hedges Currency Translation Adjustment Pension Total February 3, 2018 $ (14 ) $ (13 ) $ (720 ) $ (747 ) Other comprehensive income before reclassifications — (3 ) — (3 ) Amounts reclassified from AOCI — — 13 (a) 13 May 5, 2018 $ (14 ) $ (16 ) $ (707 ) $ (737 ) (a) Represents pension amortization, net of $5 million of taxes.

Accounting Standards Adopted -

Accounting Standards Adopted - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2018	Apr. 29, 2017	Feb. 03, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Credit card profit sharing	$ 167	$ 171
Operating income	$ (7)	(15)
Accounting Standards Update 2014-09 | Effect of the Adoption of
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Credit card profit sharing		171
ASC Topic 842 (Leases) | Effect of the Adoption of
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net lease assets			$ 1,300
Net lease liabilities			$ 1,400
ASU 2017-07 (Pension) | Effect of the Adoption of
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating income		$ (15)

Accounting Standards Adopted 30

Accounting Standards Adopted - Impact of New Accounting Standards on Revenue (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended			12 Months Ended
	May 05, 2018	Apr. 29, 2017		Feb. 03, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Sales	$ 16,556	$ 15,995	[1]
Other revenue	225	228	[1]
Total revenue	16,781	16,223	[1]
Cost of sales	11,625	11,199	[1]
Selling, general and administrative expenses	3,545	3,353	[1]
Depreciation and amortization (exclusive of depreciation included in cost of sales)	570	516	[1]
Operating income	1,041	1,155	[1]
Interest Expense	121	140	[1]
Net other (income) / expense	(7)	(15)
Earnings from continuing operations before income taxes	927	1,030	[1]
Provision for income taxes	210	355	[1]
Net earnings from continuing operations	717	675	[1]
Discontinued operations, net of tax	1	3	[1]
Net earnings	$ 718	$ 678	[1]	$ 2,914
Continuing operations (in dollars per share)	$ 1.34	$ 1.22	[1]
Discontinued operations (in dollars per share)	0	0.01	[1]
Net earnings per share (in dollars per share)	1.34	1.23	[1]
Continuing operations (in dollars per share)	1.33	1.21	[1]
Discontinued operations (in dollars per share)	0	0.01	[1]
Net earnings per share (in dollars per share)	$ 1.33	$ 1.22	[1]
Credit card profit sharing	$ 167	$ 171
As Previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Sales		16,017
Other revenue		0
Total revenue		16,017
Cost of sales		11,199
Selling, general and administrative expenses		3,132
Depreciation and amortization (exclusive of depreciation included in cost of sales)		508
Operating income		1,178
Interest Expense		144
Net other (income) / expense		0
Earnings from continuing operations before income taxes		1,034
Provision for income taxes		357
Net earnings from continuing operations		677
Discontinued operations, net of tax		4
Net earnings		$ 681
Continuing operations (in dollars per share)		$ 1.23
Discontinued operations (in dollars per share)		0.01
Net earnings per share (in dollars per share)		1.23
Continuing operations (in dollars per share)		1.22
Discontinued operations (in dollars per share)		0.01
Net earnings per share (in dollars per share)		$ 1.23
ASC Topic 606 (Revenue Recognition) | Effect of the Adoption of
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Sales		$ (22)
Other revenue		228
Total revenue		206
Selling, general and administrative expenses		206
Credit card profit sharing		171
ASC Topic 842 (Leases) | Effect of the Adoption of
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Depreciation and amortization (exclusive of depreciation included in cost of sales)		8
Operating income		(8)
Interest Expense		(3)
Earnings from continuing operations before income taxes		(5)
Provision for income taxes		(2)
Net earnings from continuing operations		(3)
Net earnings		(3)
ASU 2017-07 (Pension) | Effect of the Adoption of
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Selling, general and administrative expenses		15
Operating income		(15)
Net other (income) / expense		$ (15)
[1]	Refer to Note 2 regarding the adoption of new accounting standards for revenue recognition, leases, and pensions, including impacts on previously reported results.

Accounting Standards Adopted 31

Accounting Standards Adopted - Impact of New Accounting Standards on Financial Position (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2017		May 05, 2018	Feb. 03, 2018		Jan. 28, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash and cash equivalents	$ 2,680	[1]	$ 1,060	$ 2,643	[1]	$ 2,512
Inventory	7,920	[1]	8,652	8,597	[1]
Other current assets	1,116	[1]	1,164	1,300	[1]
Total current assets	11,716	[1]	10,876	12,540	[1]
Land	6,105	[1]	6,090	6,095	[1]
Buildings and improvements	27,320	[1]	28,363	28,131	[1]
Fixtures and equipment	5,177	[1]	5,135	5,623	[1]
Computer hardware and software	2,546	[1]	2,511	2,645	[1]
Construction-in-progress	379	[1]	639	440	[1]
Accumulated depreciation	(17,285)	[1]	(17,971)	(18,398)	[1]
Property and equipment, net	24,242	[1]	24,767	24,536	[1]
Operating lease assets	1,879	[1]	1,958	1,884	[1]
Other noncurrent assets	723	[1]	1,328	1,343	[1]
Total assets	38,560	[1]	38,929	40,303	[1]
Accounts payable	6,537	[1]	8,131	8,677	[1]
Accrued and other current liabilities	3,973	[1]	3,630	4,094	[1]
Current portion of long-term debt and other borrowings	1,729	[1]	283	281	[1]
Total current liabilities	12,239	[1]	12,044	13,052	[1]
Long-term debt and other borrowings	10,916	[1]	11,107	11,117	[1]
Noncurrent operating lease liabilities	1,923	[1]	2,007	1,924	[1]
Deferred income taxes	843	[1]	744	693	[1]
Other noncurrent liabilities	1,660	[1]	1,869	1,866	[1]
Total noncurrent liabilities	15,342	[1]	15,727	15,600	[1]
Common stock	46	[1]	44	45	[1]
Additional paid-in capital	5,674	[1]	5,664	5,858	[1]
Retained earnings	5,885	[1]	6,187	6,495	[1]
Accumulated other comprehensive loss	(626)	[1]	(737)	(747)	[1]
Total shareholders’ investment	10,979	[1]	11,158	11,651	[1]	$ 10,915
Total liabilities and shareholders’ investment	38,560	[1]	$ 38,929	40,303	[1]
As Previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash and cash equivalents	2,680			2,643
Inventory	7,986			8,657
Other current assets	1,073			1,264
Total current assets	11,739			12,564
Land	6,105			6,095
Buildings and improvements	27,740			28,396
Fixtures and equipment	5,177			5,623
Computer hardware and software	2,546			2,645
Construction-in-progress	379			440
Accumulated depreciation	(17,265)			(18,181)
Property and equipment, net	24,682			25,018
Operating lease assets	0			0
Other noncurrent assets	797			1,417
Total assets	37,218			38,999
Accounts payable	6,537			8,677
Accrued and other current liabilities	4,137			4,254
Current portion of long-term debt and other borrowings	1,718			270
Total current liabilities	12,392			13,201
Long-term debt and other borrowings	11,086			11,317
Noncurrent operating lease liabilities	0			0
Deferred income taxes	869			713
Other noncurrent liabilities	1,850			2,059
Total noncurrent liabilities	13,805			14,089
Common stock	46			45
Additional paid-in capital	5,674			5,858
Retained earnings	5,927			6,553
Accumulated other comprehensive loss	(626)			(747)
Total shareholders’ investment	11,021			11,709
Total liabilities and shareholders’ investment	37,218			38,999
ASC Topic 606 (Revenue Recognition) | Effect of the Adoption of
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Inventory	(65)			(60)
Other current assets	65			60
Accrued and other current liabilities	(14)			(14)
Total current liabilities	(14)			(14)
Deferred income taxes	6			4
Total noncurrent liabilities	6			4
Retained earnings	8			10
Total shareholders’ investment	8			10
Total liabilities and shareholders’ investment	0			0
ASC Topic 842 (Leases) | Effect of the Adoption of
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other current assets	(23)			(24)
Total current assets	(23)			(24)
Buildings and improvements	(420)			(265)
Accumulated depreciation	(20)			(217)
Property and equipment, net	(440)			(482)
Operating lease assets	1,879			1,884
Other noncurrent assets	(75)			(74)
Total assets	1,341			1,304
Accrued and other current liabilities	(151)			(146)
Current portion of long-term debt and other borrowings	11			11
Total current liabilities	(140)			(135)
Long-term debt and other borrowings	(170)			(200)
Noncurrent operating lease liabilities	1,923			1,924
Deferred income taxes	(32)			(24)
Other noncurrent liabilities	(190)			(192)
Total noncurrent liabilities	1,531			1,508
Retained earnings	(50)			(69)
Total shareholders’ investment	(50)			(69)
Total liabilities and shareholders’ investment	1,341			$ 1,304
Non-target owned properties derecognized	135
Liabilities derecognized associated with non-target owned properties	$ 135
[1]	Refer to Note 2 regarding the adoption of new accounting standards for revenue recognition, leases, and pensions, including impacts on previously reported results.

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Disaggregation of Revenue [Line Items]
Revenue	$ 16,556	$ 15,995
Sales	16,556	15,995	[1]
Credit card profit sharing	167	171
Other	58	57
Other revenue	225	228	[1]
Total revenue	16,781	16,223	[1]
Beauty and household essentials
Disaggregation of Revenue [Line Items]
Revenue	4,227	4,051
Food and beverage
Disaggregation of Revenue [Line Items]
Revenue	3,587	3,452
Apparel and accessories
Disaggregation of Revenue [Line Items]
Revenue	3,503	3,413
Home furnishings and décor
Disaggregation of Revenue [Line Items]
Revenue	2,903	2,747
Hardlines
Disaggregation of Revenue [Line Items]
Revenue	2,313	2,310
Other
Disaggregation of Revenue [Line Items]
Revenue	$ 23	$ 22
[1]	Refer to Note 2 regarding the adoption of new accounting standards for revenue recognition, leases, and pensions, including impacts on previously reported results.

Revenues - Narrative (Details)

Revenues - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2018	Apr. 29, 2017	Feb. 03, 2018
Valuation and Qualifying Accounts Disclosure [Line Items]
Percentage of loyalty discounts	5.00%
Sales discounts under loyalty discount program	$ 214	$ 209
Accrual for Estimated Returns
Valuation and Qualifying Accounts Disclosure [Line Items]
Reserve	$ 119	$ 122	$ 110
Accounting Standards Update 2014-09
Valuation and Qualifying Accounts Disclosure [Line Items]
Percent of sales under direct vendor trading arrangements	5.00%

Revenues - Gift Card Liability

Revenues - Gift Card Liability (Details) $ in Millions	3 Months Ended
	May 05, 2018USD ($)
Change in Contract with Customer, Liability [Roll Forward]
Beginning balance	$ 709
Gift Cards Issued During Current Period But Not Redeemed	205
Revenue Recognized From Beginning Liability	(281)
Ending balance	$ 633

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value Measurements - Recurring Basis (Details) - USD ($) $ in Millions	May 05, 2018	Feb. 03, 2018		Apr. 29, 2017
Cash and Cash Equivalents
Short-term investments	$ 311
Other Current Assets
Other current assets	1,164	$ 1,300	[1]	$ 1,116	[1]
Other Noncurrent Assets
Other noncurrent assets	1,328	1,343	[1]	723	[1]
Liabilities
Other noncurrent liabilities	1,869	1,866	[1]	1,660	[1]
Fair value measured on recurring basis | Level 1 | Prepaid forward contracts
Other Current Assets
Other current assets	21	23		37
Fair value measured on recurring basis | Level 1 | Short-term investments | Short term investments held by US entities
Cash and Cash Equivalents
Short-term investments	311	1,906		2,002
Fair value measured on recurring basis | Level 2 | Interest rate swaps
Other Noncurrent Assets
Other noncurrent assets	0	0		4
Liabilities
Other noncurrent liabilities	$ 10	$ 6		$ 0
[1]	Refer to Note 2 regarding the adoption of new accounting standards for revenue recognition, leases, and pensions, including impacts on previously reported results.

Fair Value Measurements - Sch36

Fair Value Measurements - Schedule of Significant Financial Instruments not Measured at Fair Value (Details) - USD ($) $ in Millions	May 05, 2018	Feb. 03, 2018	Apr. 29, 2017
Carrying Amount
Financial Instruments, Balance Sheet Groupings
Debt	$ 10,442	$ 10,440	$ 11,717
Fair Value
Financial Instruments, Balance Sheet Groupings
Debt	$ 10,782	$ 11,155	$ 12,610

Cash and Cash Equivalents (Deta

Cash and Cash Equivalents (Details) $ in Millions	May 05, 2018USD ($)
Cash and Cash Equivalents [Abstract]
Short-term investments	$ 311

Notes Payable and Long-Term D38

Notes Payable and Long-Term Debt (Details) - Commercial Paper - USD ($)	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Debt Instrument [Line Items]
Maximum amount outstanding during period	$ 658,000,000	$ 0
Average outstanding amount during period	$ 127,000,000	0
Weighted average interest rate	1.80%
Amount outstanding	$ 0	$ 0

Derivative Financial Instrume39

Derivative Financial Instruments - Narrative (Details) - Interest Rate Swaps	3 Months Ended
	May 05, 2018USD ($)swap	Apr. 29, 2017USD ($)swap	Mar. 31, 2018USD ($)
Derivative Contracts - Effect on Results of Operations (millions)
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ (1,000,000)	$ (4,000,000)
Designated as Hedging Instrument
Derivative Contracts - Effect on Results of Operations (millions)
Notional amount	$ 1,250,000,000	$ 1,000,000,000	$ 250,000,000
Number of derivative instruments | swap	3	2
Amount of ineffectiveness recognized	$ 0	$ 0

Leases - Lease Assets and LIabi

Leases - Lease Assets and LIabilities (Details) - USD ($) $ in Millions	May 05, 2018	Feb. 03, 2018		Apr. 29, 2017
Leases [Abstract]
Operating lease assets	$ 1,958	$ 1,884	[1]	$ 1,879	[1]
Finance lease assets	826	836		803
Total leased assets	2,784	2,720		2,682
Current
Operating	150	147		126
Finance	81	80		44
Noncurrent
Operating	2,007	1,924	[1]	1,923	[1]
Finance	876	885		877
Total lease liabilities	3,114	3,036		2,970
Property, Plant and Equipment [Line Items]
Finance lease accumulated amortization	17,971	18,398	[1]	17,285	[1]
Finance Lease Assets
Property, Plant and Equipment [Line Items]
Finance lease accumulated amortization	$ 332	$ 317		$ 269
[1]	Refer to Note 2 regarding the adoption of new accounting standards for revenue recognition, leases, and pensions, including impacts on previously reported results.

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Leases [Abstract]
Operating lease cost	$ 60	$ 53
Amortization of leased assets	17	15
Interest on lease liabilities	11	10
Sublease income	(2)	(2)
Lease, Cost	86	76
Rental income on owned properties	$ 12	$ 12

Leases - Maturity of Lease Liab

Leases - Maturity of Lease Liabilities (Details) - USD ($) $ in Millions	May 05, 2018	Feb. 03, 2018	Apr. 29, 2017
Operating Leases
2,018	$ 174
2,019	230
2,020	220
2,021	212
2,022	208
After 2,022	1,880
Total lease payments	2,924
Less: Interest	767
Present value of lease liabilities	2,157
Operating lease option to extend reasonably certain of being exercised	798
Operating lease legally binding minimum payments for leases that have not yet commenced	264
Operating	150	$ 147	$ 126
Finance Leases
2,018	99
2,019	91
2,020	88
2,021	88
2,022	88
After 2,022	920
Total lease payments	1,374
Less: Interest	417
Present value of lease liabilities	957
Financing lease option to extend reasonably certain of being exercised	122
Financing lease legally binding minimum payments for leases that have not yet commenced	236
Finance	81	$ 80	$ 44
Total
2,018	273
2,019	321
2,020	308
2,021	300
2,022	296
After 2,022	2,800
Total lease payments	$ 4,298

Leases - Lease Term and Discoun

Leases - Lease Term and Discount Rate (Details)	3 Months Ended		12 Months Ended
	May 05, 2018	Apr. 29, 2017	Feb. 03, 2018
Weighted-average remaining lease term (years)
Operating leases	14 years 10 months 24 days	15 years 10 months 24 days	15 years 2 months 12 days
Finance leases	15 years 2 months 12 days	15 years 4 months 24 days	15 years 4 months 24 days
Weighted-average discount rate
Operating leases	3.89%	3.90%	3.88%
Finance leases	4.67%	4.63%	4.64%

Leases - Other Information (Det

Leases - Other Information (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Leases [Abstract]
Operating cash flows from operating leases	$ 49	$ 47
Operating cash flows from finance leases	11	10
Financing cash flows from finance leases	12	10
Leased assets obtained in exchange for new finance lease liabilities	5	63
Leased assets obtained in exchange for new operating lease liabilities	$ 113	$ 103

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Income Tax Disclosure [Abstract]
Income tax expense	$ 210	$ 355	[1]
Effective tax rate	22.60%	34.50%
Change in effective income tax rate from prior year period	11.90%
[1]	Refer to Note 2 regarding the adoption of new accounting standards for revenue recognition, leases, and pensions, including impacts on previously reported results.

Share Repurchase - Schedule of

Share Repurchase - Schedule of Share Repurchases (excluding ASR) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Equity [Abstract]
Total number of shares purchased	6.9	4.9
Average price paid per share (in dollars per share)	$ 71.24	$ 61.68
Total investment	$ 494	$ 305

Share Repurchase - Narrative (D

Share Repurchase - Narrative (Details) - USD ($) shares in Millions	1 Months Ended	3 Months Ended		12 Months Ended
	Apr. 30, 2018	May 05, 2018	Apr. 29, 2017	Feb. 03, 2018
Equity, Class of Treasury Stock [Line Items]
Stock repurchased and retired		$ 494,000,000		$ 1,027,000,000
Number of shares purchased		6.9	4.9
Total investment		$ 494,000,000	$ 305,000,000
Share Repurchase Program 2017
Equity, Class of Treasury Stock [Line Items]
Authorized repurchase amount	$ 5,000,000,000
Prepaid repurchase amount	$ 425,000,000
Repurchase of stock (in shares)	(2.9)
Stock repurchased and retired	$ 200,000,000
Shares receivable		$ 225,000,000
Share Repurchase Program 2017 | Minimum
Equity, Class of Treasury Stock [Line Items]
Authorized repurchase amount	225,000,000
Share Repurchase Program 2017 | Maximum
Equity, Class of Treasury Stock [Line Items]
Authorized repurchase amount	$ 425,000,000

Pension Benefits - Schedule of

Pension Benefits - Schedule of Net Pension and Postretirement Health Care Benefits Expense (Details) - Pension Plan - USD ($) $ in Millions	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Net Pension Benefits Expense
Service cost	$ 24	$ 21
Interest cost	37	34
Expected return on assets	(62)	(61)
Amortization of losses	21	15
Amortization of prior service cost	(3)	(3)
Total	$ 17	$ 6

Accumulated Other Comprehensi49

Accumulated Other Comprehensive (Loss) / Income (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2018		Apr. 29, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ 11,651	[1]	$ 10,915
Ending balance	11,158		10,979	[1]
Net amount of taxes	210		355	[2]
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(14)
Other comprehensive income before reclassifications	0
Amounts reclassified from AOCI	0
Ending balance	(14)
Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(13)
Other comprehensive income before reclassifications	(3)
Amounts reclassified from AOCI	0
Ending balance	(16)
Pension
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(720)
Other comprehensive income before reclassifications	0
Amounts reclassified from AOCI	13
Ending balance	(707)
Pension | Amount reclassified from other comprehensive income
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Net amount of taxes	5
Total
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(747)		$ (638)
Other comprehensive income before reclassifications	(3)
Amounts reclassified from AOCI	13
Ending balance	$ (737)
[1]	Refer to Note 2 regarding the adoption of new accounting standards for revenue recognition, leases, and pensions, including impacts on previously reported results.
[2]	Refer to Note 2 regarding the adoption of new accounting standards for revenue recognition, leases, and pensions, including impacts on previously reported results.