Nordstrom (JWN) 10-Q 29 Nov 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Oct. 29, 2016	Nov. 23, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Oct. 29, 2016
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--01-28
Document Fiscal Year Focus	2,016
Amendment Flag	false
Entity Registrant Name	Nordstrom Inc.
Entity Central Index Key	72,333
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding		173,342,135

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Earnings - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Income Statement [Abstract]
Net sales	$ 3,472	$ 3,239	$ 10,255	$ 9,953
Credit card revenues, net	70	89	186	291
Total revenues	3,542	3,328	10,441	10,244
Cost of sales and related buying and occupancy costs	(2,261)	(2,142)	(6,720)	(6,468)
Selling, general and administrative expenses	(1,029)	(1,031)	(3,143)	(2,999)
Goodwill impairment	(197)	0	(197)	0
Earnings before interest and income taxes	55	155	381	777
Interest expense, net	(30)	(30)	(90)	(94)
Earnings before income taxes	25	125	291	683
Income tax expense	(35)	(44)	(138)	(263)
Net (loss) earnings	$ (10)	$ 81	$ 153	$ 420
(Loss) Earnings per share:
Basic (in dollars per share)	$ (0.06)	$ 0.43	$ 0.88	$ 2.22
Diluted (in dollars per share)	$ (0.06)	$ 0.42	$ 0.87	$ 2.17
Weighted-average shares outstanding:
Basic (in shares)	173.4	187.2	173.3	189.1
Diluted (in shares)	173.4	191.3	175.6	193.2

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Earnings - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net (loss) earnings	$ (10)	$ 81	$ 153	$ 420
Postretirement plan adjustments, net of tax	0	2	1	5
Foreign currency translation adjustment	(9)	0	8	(5)
Comprehensive net (loss) earnings	$ (19)	$ 83	$ 162	$ 420

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Oct. 29, 2016	Jan. 30, 2016	Oct. 31, 2015
Assets
Cash and cash equivalents	$ 531	$ 595	$ 821
Accounts receivable, net	216	196	215
Merchandise inventories	2,411	1,945	2,402
Current deferred tax assets, net	0	0	247
Prepaid expenses and other	227	278	202
Total current assets	3,385	3,014	3,887
Land, property and equipment (net of accumulated depreciation of $5,462, $5,108 and $5,020)	3,865	3,735	3,742
Goodwill	238	435	447
Other assets	478	514	510
Total assets	7,966	7,698	8,586
Liabilities and Shareholders' Equity
Accounts payable	1,653	1,324	1,688
Accrued salaries, wages and related benefits	391	416	417
Other current liabilities	1,186	1,161	1,075
Current portion of long-term debt	11	10	9
Total current liabilities	3,241	2,911	3,189
Long-term debt, net	2,767	2,795	2,800
Deferred property incentives, net	532	540	568
Other liabilities	566	581	621
Commitments and contingencies (Note 5)
Shareholders' equity:
Common stock, no par value: 1,000 shares authorized; 173.2, 173.5 and 185.4 shares issued and outstanding	2,651	2,539	2,519
Accumulated deficit	(1,742)	(1,610)	(1,047)
Accumulated other comprehensive loss	(49)	(58)	(64)
Total shareholders' equity	860	871	1,408
Total liabilities and shareholders' equity	$ 7,966	$ 7,698	$ 8,586

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Oct. 29, 2016	Jan. 30, 2016	Oct. 31, 2015
Assets
Accumulated depreciation	$ 5,462	$ 5,108	$ 5,020
Shareholders' equity
Common stock, no par value (in dollars per share)	$ 0	$ 0	$ 0
Common stock, shares authorized	1,000	1,000	1,000
Common stock, shares issued	173.2	173.5	185.4
Common stock, shares outstanding	173.2	173.5	185.4

Condensed Consolidated Stateme6

Condensed Consolidated Statements Of Shareholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock [Member]	Retained Earnings (Accumulated Deficit) [Member]	Accumulated Other Comprehensive Loss [Member]
Beginning balance at Jan. 31, 2015	$ 2,440	$ 2,338	$ 166	$ (64)
Beginning balance (in shares) at Jan. 31, 2015		190.1
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Net earnings	420		420
Other comprehensive earnings	0			0
Dividends | Special Dividend [Member]	(905)		(905)
Dividends	(211)		(211)
Issuance of common stock for Trunk Club acquisition	23	$ 23
Issuance of common stock for Trunk Club acquisition (in shares)		0.3
Issuance of common stock under stock compensation plans	104	$ 104
Issuance of common stock under stock compensation plans (in shares)		1.9
Stock-based compensation	54	$ 54
Stock-based compensation (in shares)		0.1
Repurchase of common stock	(517)		(517)
Repurchase of common stock (in shares)		(7)
Ending balance at Oct. 31, 2015	$ 1,408	$ 2,519	(1,047)	(64)
Ending balance (in shares) at Oct. 31, 2015	185.4	185.4
Beginning balance at Jan. 30, 2016	$ 871	$ 2,539	(1,610)	(58)
Beginning balance (in shares) at Jan. 30, 2016	173.5	173.5
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Net earnings	$ 153		153
Other comprehensive earnings	9			9
Dividends	(192)		(192)
Issuance of common stock under stock compensation plans	50	$ 50
Issuance of common stock under stock compensation plans (in shares)		1.4
Stock-based compensation	62	$ 62
Stock-based compensation (in shares)		0.2
Repurchase of common stock	$ (93)		(93)
Repurchase of common stock (in shares)	(1.9)	(1.9)
Ending balance at Oct. 29, 2016	$ 860	$ 2,651	$ (1,742)	$ (49)
Ending balance (in shares) at Oct. 29, 2016	173.2	173.2

Condensed Consolidated Stateme7

Condensed Consolidated Statements Of Shareholders' Equity (Parenthetical) - $ / shares	9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015
Dividends (in dollars per share)	$ 1.11	$ 1.11
Special Dividend [Member]
Dividends (in dollars per share)		$ 4.85

Condensed Consolidated Stateme8

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015
Operating Activities
Net earnings	$ 153	$ 420
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization expenses	480	424
Goodwill impairment	197	0
Amortization of deferred property incentives and other, net	(57)	(107)
Deferred income taxes, net	(14)	(78)
Stock-based compensation expense	68	57
Tax (deficiency) benefit from stock-based compensation	(2)	14
Excess tax benefit from stock-based compensation	(2)	(14)
Bad debt expense	0	26
Change in operating assets and liabilities:
Accounts receivable	(20)	(73)
Proceeds from sale of credit card receivables originated at Nordstrom	0	1,297
Merchandise inventories	(393)	(607)
Prepaid expenses and other assets	25	(36)
Accounts payable	360	326
Accrued salaries, wages and related benefits	(30)	(2)
Other current liabilities	33	(34)
Deferred property incentives	54	128
Other liabilities	20	4
Net cash provided by operating activities	872	1,745
Investing Activities
Capital expenditures	(625)	(857)
Change in credit card receivables originated at third parties	0	33
Proceeds from sale of credit card receivables originated at third parties	0	890
Other, net	47	3
Net cash (used in) provided by investing activities	(578)	69
Financing Activities
Proceeds from long-term borrowings, net of discounts	0	13
Principal payments on long-term borrowings	(7)	(6)
Defeasance of long-term debt	0	(339)
(Decrease) increase in cash book overdrafts	(127)	7
Cash dividends paid	(192)	(1,116)
Payments for repurchase of common stock	(91)	(517)
Proceeds from issuances under stock compensation plans	51	90
Excess tax benefit from stock-based compensation	2	14
Other, net	6	34
Net cash used in financing activities	(358)	(1,820)
Net decrease in cash and cash equivalents	(64)	(6)
Cash and cash equivalents at beginning of period	595	827
Cash and cash equivalents at end of period	531	821
Cash paid during the period for:
Income taxes, net	99	383
Interest, net of capitalized interest	83	86
Non-cash investing and financing activities:
Beneficial interest asset acquired from the sale of credit card receivables	0	62
Issuance of common stock for Trunk Club acquisition	$ 0	$ 23

Basis Of Presentation

Basis Of Presentation	9 Months Ended
	Oct. 29, 2016
Basis of Presentation [Abstract]
Basis Of Presentation	BASIS OF PRESENTATION The accompanying Condensed Consolidated Financial Statements include the balances of Nordstrom, Inc. and its subsidiaries (the “Company”). All intercompany transactions and balances are eliminated in consolidation. The interim Condensed Consolidated Financial Statements have been prepared on a basis consistent in all material respects with the accounting policies described and applied in our 2015 Annual Report on Form 10-K (“Annual Report”), and reflect all adjustments of a normal recurring nature that are, in management’s opinion, necessary for the fair presentation of the results of operations, financial position and cash flows for the periods presented. The Condensed Consolidated Financial Statements as of and for the periods ended October 29, 2016 and October 31, 2015 are unaudited. The Condensed Consolidated Balance Sheet as of January 30, 2016 has been derived from the audited Consolidated Financial Statements included in our 2015 Annual Report. The interim Condensed Consolidated Financial Statements should be read together with the Consolidated Financial Statements and related footnote disclosures contained in our 2015 Annual Report. The preparation of our financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosure of contingent assets and liabilities. We base our estimates on historical experience and other assumptions that we believe to be reasonable under the circumstances. Actual results may differ from these estimates and assumptions. Our business, like that of other retailers, is subject to seasonal fluctuations. Due to our Anniversary Sale in July and the holidays in the fourth quarter, our sales are typically higher in the second and fourth quarters than in the first and third quarters of the fiscal year. In 2016, the Anniversary Sale event started one week later in July relative to last year, shifting one week of the event into the third quarter. Results for any quarter are not necessarily indicative of the results that may be achieved for a full fiscal year. Loyalty Program Prior to the second quarter of 2016, customers who used Nordstrom Visa or Nordstrom credit or debit cards were able to participate in the Nordstrom Rewards program. During the second quarter of 2016, the Nordstrom Rewards program was expanded to enable all customers to earn benefits regardless of how they choose to pay. Customers accumulate points based on their level of spending. Upon reaching a certain points threshold, customers receive Nordstrom Notes, which can be redeemed for any goods or services offered at Nordstrom full-line stores, Nordstrom.com, Nordstrom Rack and Nordstromrack.com/HauteLook. Customers who use Nordstrom private label credit or debit cards or Nordstrom Visa credit cards receive additional benefits, including reimbursements for alterations, shopping and fashion events and early access to the Anniversary Sale. We estimate the net cost of Nordstrom Notes that will be issued and redeemed and record this cost as rewards points are accumulated. These costs, as well as reimbursed alterations, are recorded in cost of sales as we provide customers with products and services for these rewards. Other benefits of the loyalty program, including shopping and fashion events, are recorded in selling, general and administrative expenses. Reclassification Reclassifications were made to our fiscal 2015 Condensed Consolidated Statements of Earnings and Condensed Consolidated Statement of Cash Flows to conform with current period presentation. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers , which was subsequently modified in August 2015 by ASU No. 2015-14, Revenue from Contracts with Customers: Deferral of the Effective Date . The core principle of ASU No. 2014-09 is that companies should recognize revenue when the transfer of promised goods or services to customers occurs in an amount that reflects what the company expects to receive. It requires additional disclosures to describe the nature, amount, timing and uncertainty of revenue and cash flows from contracts with customers. In 2016, the FASB issued additional ASUs which clarify the implementation guidance on principal versus agent considerations, on identifying performance obligations and licensing and on the revenue recognition criteria. This guidance is effective for us beginning in the first quarter of 2018. We are currently evaluating the impact these provisions will have on our Consolidated Financial Statements. In February 2016, the FASB issued ASU No. 2016-02, Leases . This ASU increases transparency and comparability by recognizing a lessee’s rights and obligations resulting from leases by recording them on the balance sheet as lease assets and lease liabilities. The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification dictates whether lease expense is to be recognized based on an effective interest method or on a straight-line basis over the term of the lease. This ASU is effective for us beginning in the first quarter of 2019. Though we are currently evaluating the impact of these provisions, we expect they will have a material impact on our Consolidated Financial Statements. In March 2016, the FASB issued ASU 2016-09, Compensation — Stock Compensation — Improvements to Employee Share-Based Payment Accounting . This ASU impacts several aspects of the accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. This ASU is effective for us beginning in the first quarter of 2017. We have evaluated this ASU and believe the impact to our Consolidated Financial Statements upon adoption will be nominal, however, actual results will be dependent on unpredictable events, including the future price of our common stock, option exercise activity and forfeitures.

Credit Card Receivable Transact

Credit Card Receivable Transaction	9 Months Ended
	Oct. 29, 2016
Credit Card Receivable Transaction [Abstract]
Credit Card Receivable Transaction	CREDIT CARD RECEIVABLE TRANSACTION On October 1, 2015 , we completed the sale of a substantial majority of our U.S. Visa and private label credit card portfolio to TD Bank, N.A. (“TD”) and we entered into a long-term program agreement under which TD is the exclusive issuer of our U.S. consumer credit cards. In connection with the close of the credit card receivable transaction, we completed the defeasance of our $325 Series 2011-1 Class A Notes in order to provide the credit card receivables to TD free and clear. At close, we received $2.2 billion in cash consideration reflecting the par value of the receivables sold and incurred $32 in transaction-related expenses during the third quarter of 2015. Pursuant to the agreement, we are obligated to offer and administer our loyalty program and perform other account servicing functions. In return, we receive a portion of the ongoing credit card revenue, net of credit losses, from both the sold and newly generated credit card receivables. We recorded certain assets and liabilities associated with the arrangement. The beneficial interest asset is carried at fair value (see Note 4: Fair Value Measurements) and is amortized over approximately four years based primarily on the payment rate of the associated receivables. The deferred revenue and investment in contract asset are recognized/amortized over seven years on a straight line basis, following the delivery of the contract obligations and expected life of the agreement. We record each of these items in credit card revenue, net in our Condensed Consolidated Statements of Earnings.

Debt And Credit Facilities

Debt And Credit Facilities	9 Months Ended
	Oct. 29, 2016
Debt Disclosure [Abstract]
Debt And Credit Facilities	DEBT AND CREDIT FACILITIES Debt A summary of our long-term debt, including capital leases, is as follows: October 29, 2016 January 30, 2016 October 31, 2015 Secured Mortgage payable, 7.68%, due April 2020 $26 $30 $32 Other 3 5 5 Total secured debt 29 35 37 Unsecured Net of unamortized discount: Senior notes, 6.25%, due January 2018 650 649 649 Senior notes, 4.75%, due May 2020 499 499 499 Senior notes, 4.00%, due October 2021 500 500 499 Senior debentures, 6.95%, due March 2028 300 300 300 Senior notes, 7.00%, due January 2038 146 146 146 Senior notes, 5.00%, due January 2044 602 600 600 Other 52 76 79 Total unsecured debt 2,749 2,770 2,772 Total long-term debt 2,778 2,805 2,809 Less: current portion (11 ) (10 ) (9 ) Total due beyond one year $2,767 $2,795 $2,800 Credit Facilities As of October 29, 2016 , we had total short-term borrowing capacity of $800 under our senior unsecured revolving credit facility (“revolver”) that expires in April 2020 , with an option to extend for an additional year. Under the terms of our revolver, we pay a variable rate of interest and a commitment fee based on our debt rating. The revolver is available for working capital, capital expenditures and general corporate purposes. We have the option to increase the revolving commitment by up to $200 , to a total of $1,000 , provided that we obtain written consent from the lenders. As of October 29, 2016 , we had no issuances outstanding under our commercial paper program and no borrowings outstanding under our revolver. The revolver requires that we maintain an adjusted debt to earnings before interest, income taxes, depreciation, amortization and rent (“EBITDAR”) leverage ratio of less than four times. As of October 29, 2016 , we were in compliance with this covenant.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Oct. 29, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS We disclose our financial assets and liabilities that are measured at fair value in our Condensed Consolidated Balance Sheets by level within the fair value hierarchy as defined by applicable accounting standards: Level 1: Quoted market prices in active markets for identical assets or liabilities Level 2: Other observable market-based inputs or unobservable inputs that are corroborated by market data Level 3: Unobservable inputs that cannot be corroborated by market data that reflect the reporting entity’s own assumptions Financial Instruments Measured at Fair Value on a Recurring Basis We recorded a beneficial interest asset when we completed the sale of a substantial majority of our U.S. Visa and private label credit card portfolio (see Note 2: Credit Card Receivable Transaction). We determined the fair value of the beneficial interest asset based on a discounted cash flow model using Level 3 inputs of the fair value hierarchy. Inputs and assumptions include the discount rate, payment rate, credit loss rate and revenues and expenses associated with the program agreement. Given our review of market participant capital structures in the banking and credit card industries and our historical and expected portfolio performance, we used the following ranges of input assumptions to determine the fair value as of October 29, 2016 and October 31, 2015 : October 29, 2016 October 31, 2015 Minimum Maximum Minimum Maximum Discount rate 12 % 12 % 12 % 12 % Monthly payment rate 6 % 11 % 6 % 33 % Annual credit loss rate 3 % 4 % 1 % 4 % Annual revenues as a percent to credit card receivables 14 % 18 % 6 % 18 % Annual expenses as a percent to credit card receivables 5 % 9 % 2 % 9 % We recognized $5 and $22 of amortization expense for the quarter and nine months ended October 29, 2016 on the beneficial interest asset, which had a fair value of $15 and $37 as of October 29, 2016 and January 30, 2016 . Amortization primarily reflects payments received on the receivables sold and is recorded in credit card revenues, net. Financial Instruments Not Measured at Fair Value Financial instruments not measured at fair value on a recurring basis include cash and cash equivalents, accounts receivable, accounts payable and certificates of deposit, which approximate fair value due to their short-term nature, and long-term debt. We estimate the fair value of our long-term debt using quoted market prices of the same or similar issues and, as such, this is considered a Level 2 fair value measurement. The following table summarizes the carrying value and fair value estimate of our long-term debt, including current maturities: October 29, 2016 January 30, 2016 October 31, 2015 Carrying value of long-term debt $2,778 $2,805 $2,809 Fair value of long-term debt 3,064 3,077 3,177 Non-financial Assets Measured at Fair Value on a Nonrecurring Basis We also measure certain non-financial assets at fair value on a nonrecurring basis, primarily goodwill, investment in contract asset and long-lived tangible and intangible assets, in connection with periodic evaluations for potential impairment. We estimate the fair value of these assets using primarily unobservable inputs and, as such, these are considered Level 3 fair value measurements. During the quarter, the long-term operating plan for Trunk Club was updated to reflect current expectations for future growth and profitability which were lower than previous expectations. Due to lowered expectations, we tested Trunk Club goodwill for impairment in the third quarter, one quarter prior to the annual evaluation. Step 1 test results indicated that the estimated fair value of the reporting unit was less than the carrying value. In our Step 2 analysis, we used a combination of the expected present value of future cash flows (income approach) and comparable public companies (market approach) to determine the fair value of the reporting unit. These approaches use primarily unobservable inputs, including discount, sales growth and profit margin rates, which are considered Level 3 fair value measurements. The fair value analysis took into account recent and expected operating performance as well as the overall decline in the retail industry. Within our Retail Segment, we recognized a goodwill impairment charge of $197 , reducing Trunk Club goodwill to $ 64 as of October 29, 2016 from $ 261 as of January 30, 2016. There were no material impairment charges for the nine months ended October 31, 2015 .

Commitments And Contingencies

Commitments And Contingencies	9 Months Ended
	Oct. 29, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	COMMITMENTS AND CONTINGENCIES Plans for our Manhattan full-line store, which we currently expect to open in 2019, ultimately include owning a condominium interest in a mixed-use tower and leasing certain nearby properties. As of October 29, 2016 , we had approximately $201 of fee interest in land, which is expected to convert to a condominium interest once the store is constructed. We have committed to make future installment payments based on the developer meeting pre-established construction and development milestones. In the event that this project is not completed, the opening may be delayed and we may be subject to future losses or capital commitments in order to complete construction or to monetize our investment in the land.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Oct. 29, 2016
Stockholders' Equity Note [Abstract]
Shareholders' Equity	SHAREHOLDERS’ EQUITY On October 1, 2015 , our Board of Directors authorized a program to repurchase up to $1,000 of our outstanding common stock through March 1, 2017. During the nine months ended October 29, 2016 , we repurchased 1.9 shares of our common stock for an aggregate purchase price of $93 and had $718 remaining in share repurchase capacity as of October 29, 2016 . The actual number, price, manner and timing of future share repurchases, if any, will be subject to market and economic conditions and applicable Securities and Exchange Commission (“SEC”) rules. In November 2016 , subsequent to quarter end, we declared a quarterly dividend of $0.37 per share, which will be paid on December 13, 2016 .

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Oct. 29, 2016
Share-based Compensation [Abstract]
Stock-Based Compensation	STOCK-BASED COMPENSATION The following table summarizes our stock-based compensation expense: Quarter Ended Nine Months Ended October 29, 2016 October 31, 2015 October 29, 2016 October 31, 2015 Stock options $9 $7 $28 $26 Restricted stock units 10 4 25 14 Acquisition-related stock compensation 2 5 10 14 Performance share units — (1 ) 1 (1 ) Other — 1 4 4 Total stock-based compensation expense, before income tax benefit 21 16 68 57 Income tax benefit (7 ) (5 ) (22 ) (18 ) Total stock-based compensation expense, net of income tax benefit $14 $11 $46 $39 The following table summarizes our grants: Nine Months Ended October 29, 2016 October 31, 2015 Granted Weighted-average grant-date fair value per unit Granted Weighted-average grant-date fair value per unit Stock options 2.9 $15 1.8 $21 Stock options special dividend adjustment — N/A 0.9 N/A Restricted stock units 1.9 $44 0.5 $77 Restricted stock units special dividend adjustment — N/A 0.1 N/A Performance share units 1 0.1 $44 0.1 N/A 1 Performance share units granted in 2015 were liability-based awards, therefore the weighted-average grant-date fair value is not meaningful.

(Loss) Earnings Per Share

(Loss) Earnings Per Share	9 Months Ended
	Oct. 29, 2016
Earnings Per Share [Abstract]
(Loss) Earnings Per Share	(LOSS) EARNINGS PER SHARE The computation of (loss) earnings per share is as follows: Quarter Ended Nine Months Ended October 29, 2016 October 31, 2015 October 29, 2016 October 31, 2015 Net (loss) earnings ($10 ) $81 $153 $420 Basic shares 173.4 187.2 173.3 189.1 Dilutive effect of stock options and other 1 — 4.1 2.3 4.1 Diluted shares 173.4 191.3 175.6 193.2 (Loss) Earnings per basic share ($0.06 ) $0.43 $0.88 $2.22 (Loss) Earnings per diluted share ($0.06 ) $0.42 $0.87 $2.17 Anti-dilutive stock options and other 6.5 1.9 9.0 1.8 1 Due to the anti-dilutive effect resulting from the reported net loss for the quarter ended October 29, 2016, the impact of potentially dilutive securities on the weighted-average shares outstanding has been omitted from the quarterly calculation of loss per diluted share. The impact of these potentially dilutive securities has been included in the calculation of weighted-average shares for the nine months ended October 29, 2016 .

Segment Reporting

Segment Reporting	9 Months Ended
	Oct. 29, 2016
Segment Reporting [Abstract]
Segment Reporting	SEGMENT REPORTING The following table sets forth information for our reportable segments: Retail Corporate/Other Retail Business Credit Total Quarter Ended October 29, 2016 Net sales $3,317 $155 $3,472 $— $3,472 Credit card revenues, net — — — 70 70 Earnings before interest and income taxes 18 5 23 32 55 Interest expense, net — (30 ) (30 ) — (30 ) Earnings (loss) before income taxes 18 (25 ) (7 ) 32 25 Assets 1 5,760 1,759 7,519 447 7,966 Quarter Ended October 31, 2015 Net sales $3,169 $70 $3,239 $— $3,239 Credit card revenues, net — — — 89 89 Earnings (loss) before interest and income taxes 178 (30 ) 148 7 155 Interest expense, net — (27 ) (27 ) (3 ) (30 ) Earnings (loss) before income taxes 178 (57 ) 121 4 125 Assets 1 6,140 1,869 8,009 577 8,586 Nine Months Ended October 29, 2016 Net sales $10,446 ($191 ) $10,255 $— $10,255 Credit card revenues, net — — — 186 186 Earnings (loss) before interest and income taxes 590 (274 ) 316 65 381 Interest expense, net — (90 ) (90 ) — (90 ) Earnings (loss) before income taxes 590 (364 ) 226 65 291 Assets 1 5,760 1,759 7,519 447 7,966 Nine Months Ended October 31, 2015 Net sales $10,135 ($182 ) $9,953 $— $9,953 Credit card revenues, net — — — 291 291 Earnings (loss) before interest and income taxes 836 (227 ) 609 168 777 Interest expense, net — (82 ) (82 ) (12 ) (94 ) Earnings (loss) before income taxes 836 (309 ) 527 156 683 Assets 1 6,140 1,869 8,009 577 8,586 1 Assets in Corporate/Other include unallocated assets in corporate headquarters, consisting primarily of cash, land, property and equipment and deferred tax assets. The following table summarizes net sales within our reportable segments: Quarter Ended Nine Months Ended October 29, 2016 October 31, 2015 October 29, 2016 October 31, 2015 Nordstrom full-line stores - U.S. $1,568 $1,634 $5,128 $5,431 Nordstrom.com 497 414 1,675 1,518 Nordstrom 2,065 2,048 6,803 6,949 Nordstrom Rack 958 885 2,777 2,573 Nordstromrack.com/HauteLook 159 129 482 363 Off-price 1,117 1,014 3,259 2,936 Other retail 1 135 107 384 250 Total Retail segment 3,317 3,169 10,446 10,135 Corporate/Other 155 70 (191 ) (182 ) Total net sales $3,472 $3,239 $10,255 $9,953 1 Other retail includes Nordstrom Canada full-line stores, Trunk Club and Jeffrey boutiques.

Basis Of Presentation (Policies

Basis Of Presentation (Policies)	9 Months Ended
	Oct. 29, 2016
Basis of Presentation [Abstract]
Loyalty Program	Loyalty Program Prior to the second quarter of 2016, customers who used Nordstrom Visa or Nordstrom credit or debit cards were able to participate in the Nordstrom Rewards program. During the second quarter of 2016, the Nordstrom Rewards program was expanded to enable all customers to earn benefits regardless of how they choose to pay. Customers accumulate points based on their level of spending. Upon reaching a certain points threshold, customers receive Nordstrom Notes, which can be redeemed for any goods or services offered at Nordstrom full-line stores, Nordstrom.com, Nordstrom Rack and Nordstromrack.com/HauteLook. Customers who use Nordstrom private label credit or debit cards or Nordstrom Visa credit cards receive additional benefits, including reimbursements for alterations, shopping and fashion events and early access to the Anniversary Sale. We estimate the net cost of Nordstrom Notes that will be issued and redeemed and record this cost as rewards points are accumulated. These costs, as well as reimbursed alterations, are recorded in cost of sales as we provide customers with products and services for these rewards. Other benefits of the loyalty program, including shopping and fashion events, are recorded in selling, general and administrative expenses.
Reclassification	Reclassification Reclassifications were made to our fiscal 2015 Condensed Consolidated Statements of Earnings and Condensed Consolidated Statement of Cash Flows to conform with current period presentation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers , which was subsequently modified in August 2015 by ASU No. 2015-14, Revenue from Contracts with Customers: Deferral of the Effective Date . The core principle of ASU No. 2014-09 is that companies should recognize revenue when the transfer of promised goods or services to customers occurs in an amount that reflects what the company expects to receive. It requires additional disclosures to describe the nature, amount, timing and uncertainty of revenue and cash flows from contracts with customers. In 2016, the FASB issued additional ASUs which clarify the implementation guidance on principal versus agent considerations, on identifying performance obligations and licensing and on the revenue recognition criteria. This guidance is effective for us beginning in the first quarter of 2018. We are currently evaluating the impact these provisions will have on our Consolidated Financial Statements. In February 2016, the FASB issued ASU No. 2016-02, Leases . This ASU increases transparency and comparability by recognizing a lessee’s rights and obligations resulting from leases by recording them on the balance sheet as lease assets and lease liabilities. The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification dictates whether lease expense is to be recognized based on an effective interest method or on a straight-line basis over the term of the lease. This ASU is effective for us beginning in the first quarter of 2019. Though we are currently evaluating the impact of these provisions, we expect they will have a material impact on our Consolidated Financial Statements. In March 2016, the FASB issued ASU 2016-09, Compensation — Stock Compensation — Improvements to Employee Share-Based Payment Accounting . This ASU impacts several aspects of the accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. This ASU is effective for us beginning in the first quarter of 2017. We have evaluated this ASU and believe the impact to our Consolidated Financial Statements upon adoption will be nominal, however, actual results will be dependent on unpredictable events, including the future price of our common stock, option exercise activity and forfeitures.

Debt And Credit Facilities (Tab

Debt And Credit Facilities (Tables)	9 Months Ended
	Oct. 29, 2016
Debt Disclosure [Abstract]
Summary Of Long-Term Debt	A summary of our long-term debt, including capital leases, is as follows: October 29, 2016 January 30, 2016 October 31, 2015 Secured Mortgage payable, 7.68%, due April 2020 $26 $30 $32 Other 3 5 5 Total secured debt 29 35 37 Unsecured Net of unamortized discount: Senior notes, 6.25%, due January 2018 650 649 649 Senior notes, 4.75%, due May 2020 499 499 499 Senior notes, 4.00%, due October 2021 500 500 499 Senior debentures, 6.95%, due March 2028 300 300 300 Senior notes, 7.00%, due January 2038 146 146 146 Senior notes, 5.00%, due January 2044 602 600 600 Other 52 76 79 Total unsecured debt 2,749 2,770 2,772 Total long-term debt 2,778 2,805 2,809 Less: current portion (11 ) (10 ) (9 ) Total due beyond one year $2,767 $2,795 $2,800

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Oct. 29, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Summary Of Carrying Value And Fair Value Estimate Of Long-Term Debt	The following table summarizes the carrying value and fair value estimate of our long-term debt, including current maturities: October 29, 2016 January 30, 2016 October 31, 2015 Carrying value of long-term debt $2,778 $2,805 $2,809 Fair value of long-term debt 3,064 3,077 3,177
Recurring Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range Of Input Assumptions	Given our review of market participant capital structures in the banking and credit card industries and our historical and expected portfolio performance, we used the following ranges of input assumptions to determine the fair value as of October 29, 2016 and October 31, 2015 : October 29, 2016 October 31, 2015 Minimum Maximum Minimum Maximum Discount rate 12 % 12 % 12 % 12 % Monthly payment rate 6 % 11 % 6 % 33 % Annual credit loss rate 3 % 4 % 1 % 4 % Annual revenues as a percent to credit card receivables 14 % 18 % 6 % 18 % Annual expenses as a percent to credit card receivables 5 % 9 % 2 % 9 %

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Oct. 29, 2016
Share-based Compensation [Abstract]
Summary Of Stock-Based Compensation Expense	The following table summarizes our stock-based compensation expense: Quarter Ended Nine Months Ended October 29, 2016 October 31, 2015 October 29, 2016 October 31, 2015 Stock options $9 $7 $28 $26 Restricted stock units 10 4 25 14 Acquisition-related stock compensation 2 5 10 14 Performance share units — (1 ) 1 (1 ) Other — 1 4 4 Total stock-based compensation expense, before income tax benefit 21 16 68 57 Income tax benefit (7 ) (5 ) (22 ) (18 ) Total stock-based compensation expense, net of income tax benefit $14 $11 $46 $39
Summary Of Grants	The following table summarizes our grants: Nine Months Ended October 29, 2016 October 31, 2015 Granted Weighted-average grant-date fair value per unit Granted Weighted-average grant-date fair value per unit Stock options 2.9 $15 1.8 $21 Stock options special dividend adjustment — N/A 0.9 N/A Restricted stock units 1.9 $44 0.5 $77 Restricted stock units special dividend adjustment — N/A 0.1 N/A Performance share units 1 0.1 $44 0.1 N/A 1 Performance share units granted in 2015 were liability-based awards, therefore the weighted-average grant-date fair value is not meaningful.

(Loss) Earnings Per Share (Tabl

(Loss) Earnings Per Share (Tables)	9 Months Ended
	Oct. 29, 2016
Earnings Per Share [Abstract]
Computation Of (Loss) Earnings Per Share	The computation of (loss) earnings per share is as follows: Quarter Ended Nine Months Ended October 29, 2016 October 31, 2015 October 29, 2016 October 31, 2015 Net (loss) earnings ($10 ) $81 $153 $420 Basic shares 173.4 187.2 173.3 189.1 Dilutive effect of stock options and other 1 — 4.1 2.3 4.1 Diluted shares 173.4 191.3 175.6 193.2 (Loss) Earnings per basic share ($0.06 ) $0.43 $0.88 $2.22 (Loss) Earnings per diluted share ($0.06 ) $0.42 $0.87 $2.17 Anti-dilutive stock options and other 6.5 1.9 9.0 1.8 1 Due to the anti-dilutive effect resulting from the reported net loss for the quarter ended October 29, 2016, the impact of potentially dilutive securities on the weighted-average shares outstanding has been omitted from the quarterly calculation of loss per diluted share. The impact of these potentially dilutive securities has been included in the calculation of weighted-average shares for the nine months ended October 29, 2016 .

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Oct. 29, 2016
Segment Reporting [Abstract]
Information By Reportable Segment	The following table sets forth information for our reportable segments: Retail Corporate/Other Retail Business Credit Total Quarter Ended October 29, 2016 Net sales $3,317 $155 $3,472 $— $3,472 Credit card revenues, net — — — 70 70 Earnings before interest and income taxes 18 5 23 32 55 Interest expense, net — (30 ) (30 ) — (30 ) Earnings (loss) before income taxes 18 (25 ) (7 ) 32 25 Assets 1 5,760 1,759 7,519 447 7,966 Quarter Ended October 31, 2015 Net sales $3,169 $70 $3,239 $— $3,239 Credit card revenues, net — — — 89 89 Earnings (loss) before interest and income taxes 178 (30 ) 148 7 155 Interest expense, net — (27 ) (27 ) (3 ) (30 ) Earnings (loss) before income taxes 178 (57 ) 121 4 125 Assets 1 6,140 1,869 8,009 577 8,586 Nine Months Ended October 29, 2016 Net sales $10,446 ($191 ) $10,255 $— $10,255 Credit card revenues, net — — — 186 186 Earnings (loss) before interest and income taxes 590 (274 ) 316 65 381 Interest expense, net — (90 ) (90 ) — (90 ) Earnings (loss) before income taxes 590 (364 ) 226 65 291 Assets 1 5,760 1,759 7,519 447 7,966 Nine Months Ended October 31, 2015 Net sales $10,135 ($182 ) $9,953 $— $9,953 Credit card revenues, net — — — 291 291 Earnings (loss) before interest and income taxes 836 (227 ) 609 168 777 Interest expense, net — (82 ) (82 ) (12 ) (94 ) Earnings (loss) before income taxes 836 (309 ) 527 156 683 Assets 1 6,140 1,869 8,009 577 8,586 1 Assets in Corporate/Other include unallocated assets in corporate headquarters, consisting primarily of cash, land, property and equipment and deferred tax assets.
Summary Of Net Sales Within Reportable Segments	The following table summarizes net sales within our reportable segments: Quarter Ended Nine Months Ended October 29, 2016 October 31, 2015 October 29, 2016 October 31, 2015 Nordstrom full-line stores - U.S. $1,568 $1,634 $5,128 $5,431 Nordstrom.com 497 414 1,675 1,518 Nordstrom 2,065 2,048 6,803 6,949 Nordstrom Rack 958 885 2,777 2,573 Nordstromrack.com/HauteLook 159 129 482 363 Off-price 1,117 1,014 3,259 2,936 Other retail 1 135 107 384 250 Total Retail segment 3,317 3,169 10,446 10,135 Corporate/Other 155 70 (191 ) (182 ) Total net sales $3,472 $3,239 $10,255 $9,953 1 Other retail includes Nordstrom Canada full-line stores, Trunk Club and Jeffrey boutiques.

Credit Card Receivable Transa24

Credit Card Receivable Transaction (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Oct. 29, 2016	Jan. 30, 2016	Oct. 01, 2015
Credit Card Receivable Transaction [Line Items]
Cash acquired in credit transaction			$ 2,200
Transaction-related expenses		$ 32
Beneficial interest asset, useful life (in years)	4 years
Deferred revenue, recognition period (in years)	7 years
Investment in contract asset, useful life (in years)	7 years
Series 2011-1 Class A Notes [Member]
Credit Card Receivable Transaction [Line Items]
Debt defeased as a condition of closing the credit card receivable transaction		$ 325

Debt And Credit Facilities (Sum

Debt And Credit Facilities (Summary Of Long-Term Debt) (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Jan. 30, 2016
Debt Instrument [Line Items]
Total secured debt	$ 29	$ 37	$ 35
Total unsecured debt	2,749	2,772	2,770
Total long-term debt	2,778	2,809	2,805
Less: current portion	(11)	(9)	(10)
Total due beyond one year	2,767	2,800	2,795
Mortgage payable, 7.68%, due April 2020 [Member]
Debt Instrument [Line Items]
Total secured debt	$ 26	$ 32	$ 30
Debt instrument interest rate	7.68%	7.68%	7.68%
Maturity date	April 2,020	April 2,020	April 2,020
Other secured debt [Member]
Debt Instrument [Line Items]
Total secured debt	$ 3	$ 5	$ 5
Senior notes, 6.25%, due January 2018, net of unamortized discount [Member]
Debt Instrument [Line Items]
Total unsecured debt	$ 650	$ 649	$ 649
Debt instrument interest rate	6.25%	6.25%	6.25%
Maturity date	January 2,018	January 2,018	January 2,018
Senior notes, 4.75%, due May 2020, net of unamortized discount [Member]
Debt Instrument [Line Items]
Total unsecured debt	$ 499	$ 499	$ 499
Debt instrument interest rate	4.75%	4.75%	4.75%
Maturity date	May 2,020	May 2,020	May 2,020
Senior notes, 4.00%, due October 2021, net of unamortized discount [Member]
Debt Instrument [Line Items]
Total unsecured debt	$ 500	$ 499	$ 500
Debt instrument interest rate	4.00%	4.00%	4.00%
Maturity date	October 2,021	October 2,021	October 2,021
Senior debentures, 6.95%, due March 2028, net of unamortized discount [Member]
Debt Instrument [Line Items]
Total unsecured debt	$ 300	$ 300	$ 300
Debt instrument interest rate	6.95%	6.95%	6.95%
Maturity date	March 2,028	March 2,028	March 2,028
Senior notes, 7.00%, due January 2038, net of unamortized discount [Member]
Debt Instrument [Line Items]
Total unsecured debt	$ 146	$ 146	$ 146
Debt instrument interest rate	7.00%	7.00%	7.00%
Maturity date	January 2,038	January 2,038	January 2,038
Senior notes, 5.00%, due January 2044, net of unamortized discount [Member]
Debt Instrument [Line Items]
Total unsecured debt	$ 602	$ 600	$ 600
Debt instrument interest rate	5.00%	5.00%	5.00%
Maturity date	January 2,044	January 2,044	January 2,044
Other unsecured debt [Member]
Debt Instrument [Line Items]
Total unsecured debt	$ 52	$ 79	$ 76

Debt And Credit Facilities (Nar

Debt And Credit Facilities (Narrative) (Details) $ in Millions	9 Months Ended
	Oct. 29, 2016USD ($)
Commercial paper [Member]
Debt Instrument [Line Items]
Issuances or borrowings	$ 0
Unsecured revolving credit facility [Member]
Debt Instrument [Line Items]
Maturity date	April 2,020
Option to increase the maximum capacity of revolving credit facility	$ 200
Maximum borrowing capacity with option	1,000
Issuances or borrowings	$ 0
Debt covenant leverage ratio	4
Unsecured revolving credit facility [Member] | Commercial paper [Member]
Debt Instrument [Line Items]
Total short-term borrowing capacity	$ 800

Fair Value Measurements (Range

Fair Value Measurements (Range Of Input Assumptions) (Details) - Recurring Measurements [Member] - Level 3 [Member]	9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015
Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	12.00%	12.00%
Monthly payment rate	6.00%	6.00%
Annual credit loss rate	3.00%	1.00%
Annual revenues as a percent to credit card receivables	14.00%	6.00%
Annual expenses as a percent to credit card receivables	5.00%	2.00%
Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	12.00%	12.00%
Monthly payment rate	11.00%	33.00%
Annual credit loss rate	4.00%	4.00%
Annual revenues as a percent to credit card receivables	18.00%	18.00%
Annual expenses as a percent to credit card receivables	9.00%	9.00%

Fair Value Measurements (Summar

Fair Value Measurements (Summary Of Carrying Value And Fair Value Estimate Of Long-Term Debt) (Details) - USD ($) $ in Millions	Oct. 29, 2016	Jan. 30, 2016	Oct. 31, 2015
Fair Value Measurements, Long-term Debt [Line Items]
Carrying value of long-term debt	$ 2,778	$ 2,805	$ 2,809
Level 2 [Member]
Fair Value Measurements, Long-term Debt [Line Items]
Fair value of long-term debt	$ 3,064	$ 3,077	$ 3,177

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015	Jan. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill impairment charge	$ 197	$ 0	$ 197	$ 0
Goodwill	238	$ 447	238	447	$ 435
Impairment charges				$ 0
Recurring Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beneficial interest amortization expense	5		22
Level 3 [Member] | Recurring Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of beneficial interest, remaining	15		15		37
Trunk Club [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill	64		64		$ 261
Trunk Club [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill impairment charge	$ 197		$ 197

Commitments And Contingencies (

Commitments And Contingencies (Narrative) (Details) $ in Millions	Oct. 29, 2016USD ($)
Manhattan full-line store [Member]
Property Assets Subject to Lien [Line Items]
Amount of property assets subject to lien	$ 201

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	1 Months Ended	9 Months Ended
	Nov. 29, 2016	Oct. 29, 2016	Oct. 31, 2015
Retained Earnings Adjustments [Line Items]
Shares repurchased (in shares)		1.9
Repurchase of common stock, amount		$ 93	$ 517
Remaining share repurchase capacity		718
Subsequent Event [Member]
Retained Earnings Adjustments [Line Items]
Quarterly dividend declared and paid in subsequent quarter	$ 0.37
2015 Program [Member]
Retained Earnings Adjustments [Line Items]
Share repurchase authorization		$ 1,000

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary Of Stock-Based Compensation Expense) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	$ 21	$ 16	$ 68	$ 57
Income tax benefit	(7)	(5)	(22)	(18)
Total stock-based compensation expense, net of income tax benefit	14	11	46	39
Acquisition-related stock compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	2	5	10	14
Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	9	7	28	26
Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	10	4	25	14
Performance share units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	0	(1)	1	(1)
Other [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	$ 0	$ 1	$ 4	$ 4

Stock-Based Compensation (Sum33

Stock-Based Compensation (Summary Of Grants) (Details) - $ / shares shares in Millions		9 Months Ended
		Oct. 29, 2016	Oct. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares)		2.9	1.8
Weighted-average grant-date fair value per stock option (in dollars per share)		$ 15	$ 21
Stock options special dividend adjustment		0	0.9
Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)		1.9	0.5
Weighted-average grant-date fair value per unit (in dollars per share)		$ 44	$ 77
Restricted stock units special dividend adjustment		0	0.1
Performance share units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	[1]	0.1	0.1
Weighted-average grant-date fair value per unit (in dollars per share)	[1]	$ 44
[1]	Performance share units granted in 2015 were liability-based awards, therefore the weighted-average grant-date fair value is not meaningful.

(Loss) Earnings Per Share (Comp

(Loss) Earnings Per Share (Computation Of (Loss) Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended		9 Months Ended
		Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Earnings Per Share [Abstract]
Net (loss) earnings		$ (10)	$ 81	$ 153	$ 420
Basic shares (in shares)		173.4	187.2	173.3	189.1
Dilutive effect of stock options and other (in shares)	[1]	0	4.1	2.3	4.1
Diluted shares (in shares)		173.4	191.3	175.6	193.2
(Loss) Earnings per basic share (in dollars per share)		$ (0.06)	$ 0.43	$ 0.88	$ 2.22
(Loss) Earnings per diluted share (in dollars per share)		$ (0.06)	$ 0.42	$ 0.87	$ 2.17
Anti-dilutive stock options and other (in shares)		6.5	1.9	9	1.8
[1]	Due to the anti-dilutive effect resulting from the reported net loss for the quarter ended October 29, 2016, the impact of potentially dilutive securities on the weighted-average shares outstanding has been omitted from the quarterly calculation of loss per diluted share. The impact of these potentially dilutive securities has been included in the calculation of weighted-average shares for the nine months ended October 29, 2016.

Segment Reporting (Information

Segment Reporting (Information By Reportable Segment) (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015	Jan. 30, 2016
Segment Reporting Information [Line Items]
Net sales		$ 3,472	$ 3,239	$ 10,255	$ 9,953
Credit card revenues, net		70	89	186	291
Earnings (loss) before interest and income taxes		55	155	381	777
Interest expense, net		(30)	(30)	(90)	(94)
Earnings (loss) before income taxes		25	125	291	683
Assets		7,966	8,586	7,966	8,586	$ 7,698
Retail [Member]
Segment Reporting Information [Line Items]
Net sales		3,317	3,169	10,446	10,135
Credit card revenues, net		0	0	0	0
Earnings (loss) before interest and income taxes		18	178	590	836
Interest expense, net		0	0	0	0
Earnings (loss) before income taxes		18	178	590	836
Assets	[1]	5,760	6,140	5,760	6,140
Corporate/Other [Member]
Segment Reporting Information [Line Items]
Net sales		155	70	(191)	(182)
Credit card revenues, net		0	0	0	0
Earnings (loss) before interest and income taxes		5	(30)	(274)	(227)
Interest expense, net		(30)	(27)	(90)	(82)
Earnings (loss) before income taxes		(25)	(57)	(364)	(309)
Assets	[1]	1,759	1,869	1,759	1,869
Retail Business [Member]
Segment Reporting Information [Line Items]
Net sales		3,472	3,239	10,255	9,953
Credit card revenues, net		0	0	0	0
Earnings (loss) before interest and income taxes		23	148	316	609
Interest expense, net		(30)	(27)	(90)	(82)
Earnings (loss) before income taxes		(7)	121	226	527
Assets	[1]	7,519	8,009	7,519	8,009
Credit [Member]
Segment Reporting Information [Line Items]
Net sales		0	0	0	0
Credit card revenues, net		70	89	186	291
Earnings (loss) before interest and income taxes		32	7	65	168
Interest expense, net		0	(3)	0	(12)
Earnings (loss) before income taxes		32	4	65	156
Assets	[1]	$ 447	$ 577	$ 447	$ 577
[1]	Assets in Corporate/Other include unallocated assets in corporate headquarters, consisting primarily of cash, land, property and equipment and deferred tax assets.

Segment Reporting (Summary Of N

Segment Reporting (Summary Of Net Sales Within Reportable Segments) (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Segment Reporting Information [Line Items]
Net sales		$ 3,472	$ 3,239	$ 10,255	$ 9,953
Nordstrom full-line stores - U.S. [Member]
Segment Reporting Information [Line Items]
Net sales		1,568	1,634	5,128	5,431
Nordstrom.com [Member]
Segment Reporting Information [Line Items]
Net sales		497	414	1,675	1,518
Nordstrom [Member]
Segment Reporting Information [Line Items]
Net sales		2,065	2,048	6,803	6,949
Nordstrom Rack [Member]
Segment Reporting Information [Line Items]
Net sales		958	885	2,777	2,573
Nordstromrack.com/HauteLook [Member]
Segment Reporting Information [Line Items]
Net sales		159	129	482	363
Off-price [Member]
Segment Reporting Information [Line Items]
Net sales		1,117	1,014	3,259	2,936
Other retail [Member]
Segment Reporting Information [Line Items]
Net sales	[1]	135	107	384	250
Total Retail segment [Member]
Segment Reporting Information [Line Items]
Net sales		3,317	3,169	10,446	10,135
Corporate/Other [Member]
Segment Reporting Information [Line Items]
Net sales		$ 155	$ 70	$ (191)	$ (182)
[1]	Other retail includes Nordstrom Canada full-line stores, Trunk Club and Jeffrey boutiques.