Nordstrom (JWN) 10-Q 10 Dec 18 2018 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Nov. 03, 2018	Nov. 28, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	Nordstrom Inc.
Entity Central Index Key	72,333
Document Type	10-Q
Document Period End Date	Nov. 3, 2018
Amendment Flag	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--02-02
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		167,323,864

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Earnings - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Nov. 03, 2018	Oct. 28, 2017
Income Statement [Abstract]
Net sales	$ 3,648	$ 3,541	$ 11,097	$ 10,537
Credit card revenues, net	100	88	280	239
Total revenues	3,748	3,629	11,377	10,776
Cost of sales and related buying and occupancy costs	(2,435)	(2,315)	(7,311)	(6,921)
Selling, general and administrative expenses	(1,208)	(1,106)	(3,562)	(3,280)
Earnings before interest and income taxes	105	208	504	575
Interest expense, net	(25)	(28)	(81)	(104)
Earnings before income taxes	80	180	423	471
Income tax expense	(13)	(66)	(107)	(185)
Net earnings	$ 67	$ 114	$ 316	$ 286
Earnings per share:
Basic (in dollars per share)	$ 0.40	$ 0.68	$ 1.88	$ 1.72
Diluted (in dollars per share)	$ 0.39	$ 0.67	$ 1.85	$ 1.70
Weighted-average shares outstanding:
Basic (in shares)	168.8	166.6	168.1	166.7
Diluted (in shares)	172.4	168.8	171	168.8

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Earnings - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Nov. 03, 2018	Oct. 28, 2017
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net earnings	$ 67	$ 114	$ 316	$ 286
Foreign currency translation adjustment	(3)	(11)	(18)	9
Post retirement plan adjustments, net of tax	1	0	3	2
Cumulative effect of adopted accounting standard	0	0	(5)	0
Comprehensive net earnings	$ 65	$ 103	$ 296	$ 297

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Nov. 03, 2018	Feb. 03, 2018	Oct. 28, 2017
Assets
Cash and cash equivalents	$ 1,127	$ 1,181	$ 672
Accounts receivable, net	190	145	211
Merchandise inventories	2,614	2,027	2,434
Prepaid expenses and other	366	150	162
Total current assets	4,297	3,503	3,479
Land, property and equipment (net of accumulated depreciation of $6,517, $6,105 and $5,952)	3,858	3,939	3,940
Goodwill	249	238	238
Other assets	305	435	529
Total assets	8,709	8,115	8,186
Liabilities and Shareholders' Equity
Accounts payable	2,106	1,409	1,815
Accrued salaries, wages and related benefits	526	578	433
Other current liabilities	1,202	1,246	1,166
Current portion of long-term debt	8	56	57
Total current liabilities	3,842	3,289	3,471
Long-term debt, net	2,678	2,681	2,681
Deferred property incentives, net	465	495	510
Other liabilities	521	673	670
Commitments and contingencies (Note 6)
Shareholders' equity:
Common stock, no par value: 1,000 shares authorized; 168.9, 167.0 and 166.6 shares issued and outstanding	3,029	2,816	2,785
Accumulated deficit	(1,777)	(1,810)	(1,899)
Accumulated other comprehensive loss	(49)	(29)	(32)
Total shareholders' equity	1,203	977	854
Total liabilities and shareholders' equity	$ 8,709	$ 8,115	$ 8,186

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Nov. 03, 2018	Feb. 03, 2018	Oct. 28, 2017
Assets
Accumulated depreciation	$ 6,517	$ 6,105	$ 5,952
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	168.9	167	166.6
Common stock, shares outstanding	168.9	167	166.6

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Shareholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]
Beginning balance (in shares) at Jan. 28, 2017		170
Beginning balance at Jan. 28, 2017	$ 870	$ 2,707	$ (1,794)	$ (43)
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Cumulative effect of adopted accounting standards	0
Net earnings	286		286
Other comprehensive earnings (loss)	11			11
Dividends	(185)		(185)
Issuance of common stock under stock compensation plans (in shares)		0.7
Issuance of common stock under stock compensation plans	25	$ 25
Stock-based compensation (in shares)		0.5
Stock-based compensation	53	$ 53
Repurchase of common stock (in shares)		(4.6)
Repurchase of common stock	$ (206)		(206)
Ending balance (in shares) at Oct. 28, 2017	166.6	166.6
Ending balance at Oct. 28, 2017	$ 854	$ 2,785	(1,899)	(32)
Beginning balance (in shares) at Feb. 03, 2018	167	167
Beginning balance at Feb. 03, 2018	$ 977	$ 2,816	(1,810)	(29)
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Cumulative effect of adopted accounting standards	5		60	(5)
Cumulative effect of adopted accounting standards | Accounting Standards Update 2014-09 [Member]	55
Net earnings	316		316
Other comprehensive earnings (loss)	(15)			(15)
Dividends	(186)		(186)
Issuance of common stock under stock compensation plans (in shares)		3.9
Issuance of common stock under stock compensation plans	160	$ 160
Stock-based compensation (in shares)		0.9
Stock-based compensation	$ 53	$ 53
Repurchase of common stock (in shares)	(2.9)	(2.9)
Repurchase of common stock	$ (157)		(157)
Ending balance (in shares) at Nov. 03, 2018	168.9	168.9
Ending balance at Nov. 03, 2018	$ 1,203	$ 3,029	$ (1,777)	$ (49)

Condensed Consolidated Statem_4

Condensed Consolidated Statements Of Shareholders' Equity (Parenthetical) - $ / shares	9 Months Ended
	Nov. 03, 2018	Oct. 28, 2017
Statement of Stockholders' Equity [Abstract]
Dividends (in dollars per share)	$ 1.11	$ 1.11

Condensed Consolidated Statem_5

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Nov. 03, 2018	Oct. 28, 2017
Operating Activities
Net earnings	$ 316	$ 286
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization expenses	498	479
Amortization of deferred property incentives and other, net	(49)	(62)
Deferred income taxes, net	11	(82)
Stock-based compensation expense	72	59
Change in operating assets and liabilities:
Accounts receivable	(45)	(11)
Merchandise inventories	(526)	(465)
Prepaid expenses and other assets	(78)	(35)
Accounts payable	554	419
Accrued salaries, wages and related benefits	(50)	(22)
Other current liabilities	(102)	(53)
Deferred property incentives	37	55
Other liabilities	4	29
Net cash provided by operating activities	642	597
Investing Activities
Capital expenditures	(429)	(536)
Other, net	(19)	29
Net cash used in investing activities	(448)	(507)
Financing Activities
Proceeds from long-term borrowings, net of discounts	0	635
Principal payments on long-term borrowings	(54)	(658)
Increase (decrease) in cash book overdrafts	34	(3)
Cash dividends paid	(186)	(185)
Payments for repurchase of common stock	(155)	(211)
Proceeds from issuances under stock compensation plans	160	25
Tax withholding on share-based awards	(19)	(7)
Other, net	(28)	(21)
Net cash used in financing activities	(248)	(425)
Net decrease in cash and cash equivalents	(54)	(335)
Cash and cash equivalents at beginning of period	1,181	1,007
Cash and cash equivalents at end of period	1,127	672
Cash paid during the period for:
Income taxes, net	278	291
Interest, net of capitalized interest	$ 95	$ 106

Basis Of Presentation

Basis Of Presentation	9 Months Ended
	Nov. 03, 2018
Basis of Presentation [Abstract]
Basis Of Presentation	NOTE 1: 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 2017 Annual Report on Form 10-K (“Annual Report”), except as described in Note 2: Revenue , 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 November 3, 2018 and October 28, 2017 are unaudited. The Condensed Consolidated Balance Sheet as of February 3, 2018 has been derived from the audited Consolidated Financial Statements included in our 2017 Annual Report. The interim Condensed Consolidated Financial Statements should be read together with the Consolidated Financial Statements and related footnote disclosures contained in our 2017 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. Our sales are typically higher during our Anniversary Sale in July and the holidays in the fourth quarter. Our Anniversary Sale shifted to the second quarter in 2018 compared with the second and third quarters in 2017. Results for any one quarter are not indicative of the results that may be achieved for a full fiscal year. Estimated Non-recurring Charge During the third quarter of 2018 , we recognized a non-recurring estimated credit-related charge (“Estimated Non-recurring Charge”) of $72 , or $ 49 net of tax, resulting from some delinquent Nordstrom credit card accounts being charged higher interest in error. We estimate that less than 4% of Nordstrom cardmembers will receive a cash refund or credit to outstanding balances, with most receiving less than one hundred dollars. We have taken action, including the appropriate steps to address this issue and recorded an estimated charge representing our costs through the third quarter of 2018 which are comprised primarily of amounts we intend to refund to impacted cardmembers. The Estimated Non-recurring Charge increased our selling, general and administrative expenses on our Consolidated Statement of Earnings and other current liabilities on our Consolidated Balance Sheet. Of the $72 Estimated Non-recurring Charge, approximately $ 16 is a prior period misstatement recognized in the third quarter of 2018. As this out of period adjustment is not material to previously reported amounts in any prior periods, we recorded it all in the third quarter of 2018 instead of revising prior periods presented. Goodwill We continue to make investments in evolving the customer experience, with a strong emphasis on integrating technology across our business. To support these efforts, we have acquired two retail technology companies. During the first quarter of 2018, we recorded $11 of goodwill as a result of these acquisitions. Recent Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases , which was subsequently amended in July 2018 by ASU No. 2018-10, Codification Improvements to Topic 842, Leases and ASU No. 2018-11, Leases (Topic 842): Targeted Improvements (“ASU 2018-11”). 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 right-of-use 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. Additional qualitative and quantitative disclosures will be required to give financial statement users information on the amount, timing and judgments related to a reporting entity’s cash flows arising from leases. We plan to adopt this ASU in the first quarter of 2019 using the additional (and optional) transition method provided in ASU 2018-11, which would allow for application of the guidance at the beginning of the period in which it is adopted by recognizing a cumulative-effect adjustment to the opening balance of retained earnings. We expect the adoption of this standard will result in a material increase in noncurrent assets and noncurrent liabilities on our Consolidated Balance Sheet. We are currently evaluating additional impacts this guidance may have on our Consolidated Financial Statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles — Goodwill and Other: Simplifying the Test for Goodwill Impairment , which simplifies the accounting for goodwill impairment by eliminating step two from the goodwill impairment test. Under this new guidance, if the carrying amount of a reporting unit exceeds its estimated fair value, an impairment charge shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. This guidance is effective prospectively for fiscal years and interim periods within those years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests. We are currently evaluating the impact this guidance would have on our Consolidated Financial Statements. In February 2018, the FASB issued ASU No. 2018-02, Income Statement — Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. This new guidance allows a reclassification from accumulated other comprehensive loss to accumulated deficit for certain tax effects resulting from the 2017 Tax Cuts and Jobs Act (“Tax Act”), which could not be recorded under prior guidance. We elected to early adopt this standard in the first quarter of 2018 and reclassified $ 5 of tax impacts resulting from the change in the federal corporate tax rate, decreasing the beginning accumulated deficit for the nine months ended November 3, 2018 . In August 2018, the Securities and Exchange Commission (“SEC”) adopted the final rule under SEC Release No. 33-10532, Disclosure Update and Simplification , amending certain disclosure requirements that were redundant, duplicative, overlapping, outdated or superseded. In addition, the amendments expanded the disclosure requirements on the Condensed Consolidated Statements of Shareholders’ Equity for interim financial statements. Under the amendments, an analysis of changes in each caption of shareholders’ equity presented in the Condensed Consolidated Balance Sheets must be provided in a note or separate statement. The analysis should present a reconciliation of the beginning balance to the ending balance of each period for which the Condensed Consolidated Statement of Comprehensive Earnings is required to be filed. This final rule is effective for us in the fourth quarter of 2018. With respect to the Condensed Consolidated Statements of Shareholders’ Equity, the SEC provided relief on the effective date until the first quarter of 2019. The adoption of this final rule will not have a material effect on our Consolidated Financial Statements.

Revenue

Revenue	9 Months Ended
	Nov. 03, 2018
Revenue from Contract with Customer [Abstract]
Revenue	NOTE 2: REVENUE During the first quarter of fiscal 2018, we adopted ASU No. 2014-09, Revenue from Contracts with Customers, and all related amendments (“Revenue Standard”), using the modified retrospective adoption method. Results for reporting periods beginning in the first quarter of 2018 are presented under the new Revenue Standard while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting under ASC 605 — Revenue Recognition . Upon adoption, we recorded a net cumulative effect adjustment to decrease beginning accumulated deficit of $55 . We do not expect the impact of adopting the new Revenue Standard to be material to our Consolidated Statement of Earnings for the year ended February 2, 2019. The impact of adoption on our Condensed Consolidated Balance Sheet for the period ended November 3, 2018 was as follows: November 3, 2018 As Reported Revenue Standard Adjustment Excluding Impact of Revenue Standard Assets Merchandise inventories $2,614 $46 $2,660 Prepaid expenses and other 366 (130 ) 236 Other assets 305 96 401 Liabilities and Shareholders’ Equity Other current liabilities 1,202 (17 ) 1,185 Other liabilities 521 110 631 Accumulated deficit (1,777 ) (81 ) (1,858 ) Revenue Recognition NET SALES We recognize sales revenue net of estimated returns and excluding sales taxes. Revenue from sales to customers shipped from our fulfillment centers, stores and directly from our vendors (“shipped revenues”), which includes shipping revenue when applicable, is recognized at shipping point, the point in time where control has transferred to the customer. Costs to ship orders to customers are expensed as a fulfillment activity at shipping point and commissions from sales at our full-line stores are expensed at the point of sale and both are recorded in selling, general and administrative expenses. Prior to 2018, shipped revenues were recognized upon estimated receipt by the customer and we recorded an estimated in-transit reserve for orders shipped prior to a period’s end, but not yet received by the customer. We reduce sales and cost of sales by an estimate of customer merchandise returns, which is calculated based on historical return patterns, and record a sales return reserve and an estimated returns asset. Our sales return reserve is classified in other current liabilities and our estimated returns asset, calculated based on the cost of merchandise sold, is classified in prepaid expenses and other on the Condensed Consolidated Balance Sheet. Due to the seasonality of our business, these balances typically increase with higher sales occurring in the last month of a period, such as the Anniversary Sale at the end of the second quarter, and decrease in the following period. Prior to 2018, the estimated cost of merchandise returned was netted with our sales return reserve in other current liabilities. CREDIT CARD REVENUES, NET Credit program revenues, net include our portion of the ongoing credit card revenue, net of credit losses, pursuant to the program agreement with TD Bank N.A. (“TD”). Upon adoption of the new Revenue Standard, the remaining unamortized balances of the investment in contract asset and deferred revenue associated with the sale of the credit card receivables to TD in 2015 and 2017 were eliminated as part of a cumulative-effect adjustment, reducing the opening balance of accumulated deficit for 2018. As a result, the asset amortization and deferred revenue recognition are no longer recorded in credit card revenues, net. Prior to 2018, the investment in contract asset was classified in prepaid expenses and other and other assets, while the deferred revenue was classified in other current liabilities and other liabilities on the Condensed Consolidated Balance Sheet. LOYALTY PROGRAM We evolved our customer loyalty program with the launch of The Nordy Club in October 2018, which incorporates a traditional point system and the favorite benefits of our previous program, while providing customers exclusive access to products and events, enhanced services, personalized experiences and more convenient ways to shop. Customers accumulate points based on their level of spending and type of participation. Upon reaching certain point thresholds, customers receive Nordstrom Notes (“Notes”), which can be redeemed for goods or services offered at Nordstrom full-line stores, Nordstrom.com, Nordstrom Rack and Nordstromrack.com/HauteLook. Nordstrom cardmembers can also earn rewards at Trunk Club. The Nordy Club member benefits will vary based on the level of customer spend, and include Personal Double Points days, shopping and fashion events and the ability to Reserve Online and Try In Store. Customers who participate in The Nordy Club loyalty program through our credit and debit cards receive additional benefits, and can vary depending on the level of spend, including early access to the Anniversary Sale, Nordstrom to You (an in-home stylist) and incremental accumulation of points towards Notes. For more information regarding The Nordy Club, visit Nordstrom.com/NordyClub. As our customers earn points and Notes in the loyalty program, a portion of underlying sales revenue is deferred. We recognize the revenue and related cost of sale when the Notes are ultimately redeemed. The amount of revenue deferred is based on an estimated stand-alone selling price of the points, Notes and other loyalty benefits, such as alterations, and included in other current liabilities on the Condensed Consolidated Balance Sheet. Other benefits of the loyalty program, including shopping and fashion events, are recorded in selling, general and administrative expenses as these are not a material right of the program. Our outstanding performance obligation for The Nordy Club consists primarily of unredeemed points and Notes and was $154 as of November 3, 2018 . Almost all Notes are redeemed within six months of issuance. We record breakage revenue of unused points and unredeemed Notes based on expected customer redemption. We estimate, based on historical usage, that 6% of Notes will be unredeemed and recognized as revenue. Prior to 2018, we estimated the net cost of Notes that will be issued and redeemed and recorded this cost as rewards points were accumulated. These costs, as well as reimbursed alterations, were recorded in cost of sales as we provided customers with products and services for these rewards. GIFT CARDS We record deferred revenue from the sale of gift cards at the time of purchase. As gift cards are redeemed, we recognize revenue and reduce our contract liability. Though our gift cards do not have an expiration date, we include this deferred revenue in other current liabilities on the Condensed Consolidated Balance Sheet as customers can redeem gift cards at any time. As of November 3, 2018 , our outstanding performance obligation for unredeemed gift cards was $296 . Almost all gift cards are redeemed within two years of issuance. We record breakage revenue on unused gift cards based on expected customer redemption. We estimate, based on historical usage, that 2% will be unredeemed and recognized as revenue. Prior to 2018, gift card breakage was recorded in selling, general and administrative expenses and was estimated based on when redemption was considered remote. Contract Liabilities Under the new Revenue Standard, contract liabilities represent our obligation to transfer goods or services to customers and include deferred revenue for The Nordy Club (including points and Notes) and gift cards. Our contract liabilities are classified as current on the Condensed Consolidated Balance Sheet. Our contract liabilities are as follows: Contract Liabilities Opening balance as of February 4, 2018 $498 Balance as of May 5, 2018 460 Balance as of August 4, 2018 445 Ending balance as of November 3, 2018 450 The amount of revenue recognized from our beginning contract liability balance was $116 for the third quarter of 2018 and $272 for the nine months ended November 3, 2018 . Disaggregation of Revenue The following table summarizes our disaggregated net sales: Quarter Ended Nine Months Ended November 3, 2018 October 28, 2017 November 3, 2018 October 28, 2017 Full-Price 1 $2,367 $2,173 $7,314 $7,179 Off-Price 1 1,281 1,178 3,783 3,519 Other 1 — 190 — (161 ) Total net sales $3,648 $3,541 $11,097 $10,537 Digital sales as % of total net sales 2 26 % 23 % 30 % 26 % 1 We present our sales in the way that management views our results internally, including presenting 2018 under the new Revenue Standard and allocating our sales return reserve and the loyalty related adjustments to Full-Price and Off-Price. Amounts in 2018 related to adoption of the new Revenue Standard have not been recast for any prior periods due to the modified retrospective method of adoption. For 2017, Other primarily included unallocated sales return, in-transit and loyalty related adjustments necessary to reconcile sales by business to total net sales. If we applied the sales return reserve allocation and the loyalty related adjustments to the third quarter and nine months ended October 28, 2017 , Full-Price net sales would increase $155 and decrease $115 , Off-Price net sales would decrease $16 and $45 and Other net sales would decrease $139 and increase $160 . We typically see timing shifts between the second and third quarters primarily due to the seasonal timing of the Anniversary Sale in July. 2 Digital sales are online sales and digitally assisted store sales which include Buy Online, Pickup in Store (“BOPUS”), Reserve Online, Try on in Store (Store Reserve) and Style Boards, a digital selling tool. The following table summarizes the percent of net sales by merchandise category: November 3, 2018 Quarter Ended Nine Months Ended Women’s Apparel 32 % 33 % Shoes 24 % 24 % Men’s Apparel 16 % 16 % Women’s Accessories 10 % 10 % Beauty 11 % 11 % Kids’ Apparel 4 % 4 % Other 3 % 2 % Total 100 % 100 %

Segment Reporting

Segment Reporting	9 Months Ended
	Nov. 03, 2018
Segment Reporting [Abstract]
Segment Reporting	NOTE 3: SEGMENT REPORTING We continually monitor and review our segment reporting structure in accordance with authoritative guidance to determine whether any changes have occurred that would impact our reportable segments. In the first quarter of 2018, as a result of the evolution of our operations, our reportable segments have become progressively more integrated such that we have changed to one reportable “Retail” segment to align with how management operates and evaluates and views the results of our operations. Our principal executive officer, who is our chief operating decision maker (“CODM”), reviews results on a total company, Full-Price and Off-Price basis and uses earnings before interest and taxes as a measure of profitability. We completed the reporting and budgeting in the first quarter of 2018 to better align with how the CODM allocates resources and assesses business performance. As part of this evolution, we now allocate our previous Credit segment results across our other businesses while credit assets are included in Corporate/Other. Our Retail segment aggregates our two operating segments, Full-Price and Off-Price. Full-Price consists of Nordstrom U.S. full-line stores, Nordstrom.com, Canada, Trunk Club, Jeffrey and Nordstrom Local. Off-Price consists of Nordstrom U.S. Rack stores, Nordstromrack.com/HauteLook and Last Chance clearance stores . Our Full-Price and Off-Price operating segments both generate revenue by offering customers an extensive selection of high-quality, brand-name and private label merchandise, which includes apparel, shoes, cosmetics and accessories for women, men, young adults and children. We continue to focus on omni-channel initiatives by integrating the operations, merchandising and technology necessary to be consistent with our customers’ expectations of a seamless shopping experience regardless of channel or business. Full-Price and Off-Price have historically had similar economic characteristics and are expected to have similar economic characteristics and long-term financial performance in future periods. They also have other similar qualitative characteristics, including suppliers, method of distribution, type of customer and regulatory environment. Due to their similar qualitative and economic characteristics, we have aggregated our Full-Price and Off-Price operating segments into a single reportable segment. The following table sets forth information for our reportable segment: Quarter Ended Nine Months Ended November 3, 2018 October 28, 2017 November 3, 2018 October 28, 2017 Retail segment earnings before interest and income taxes 1 $171 $152 $701 $696 Corporate/Other (loss) earnings before interest and income taxes 1 (66 ) 56 (197 ) (121 ) Interest expense, net (25 ) (28 ) (81 ) (104 ) Earnings before income taxes $80 $180 $423 $471 1 We present our segment results in the way that management views our results internally, including allocating our sales return reserve and the loyalty related adjustments to Full-Price and Off-Price in 2018. Amounts in 2018 reflect the adoption of the new Revenue Standard, whereas 2017 amounts have not been recast due to the modified retrospective method of adoption described in Note 2: Revenue . If we applied the sales return reserve allocation and the loyalty related adjustments to the third quarter and nine months ended October 28, 2017 , Retail segment earnings before interest and income taxes would increase $78 and $10 and Corporate/Other earnings before interest and income taxes would decrease $78 and Corporate/Other loss before interest and income taxes would increase $10 . We typically see timing shifts between the second and third quarters primarily due to the seasonal timing of the Anniversary Sale in July.

Debt And Credit Facilities

Debt And Credit Facilities	9 Months Ended
	Nov. 03, 2018
Debt Disclosure [Abstract]
Debt And Credit Facilities	NOTE 4: DEBT AND CREDIT FACILITIES Debt A summary of our long-term debt, including capital leases, is as follows: November 3, 2018 February 3, 2018 October 28, 2017 Secured Mortgage payable, 7.68%, due April 2020 $12 $17 $20 Other — 1 1 Total secured debt 12 18 21 Unsecured Net of unamortized discount: Senior notes, 4.75%, due May 2020 500 500 499 Senior notes, 4.00%, due October 2021 500 500 500 Senior notes, 4.00%, due March 2027 349 349 349 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 894 892 891 Other 1 (15 ) 32 32 Total unsecured debt 2,674 2,719 2,717 Total long-term debt 2,686 2,737 2,738 Less: current portion (8 ) (56 ) (57 ) Total due beyond one year $2,678 $2,681 $2,681 1 Other unsecured debt includes our deferred bond issue costs as of November 3, 2018 . As of February 3, 2018 and October 28, 2017 , Other included our Puerto Rico unsecured borrowing facility partially offset by deferred bond issue costs. During the first quarter of 2017 , we issued $350 aggregate principal amount of 4.00% senior unsecured notes due March 2027 and $300 aggregate principal amount of 5.00% senior unsecured notes due January 2044 . With the proceeds of these new notes, we retired our $650 senior unsecured notes that were due January 2018. We incurred $18 of net interest expense related to the refinancing, which included the write-off of unamortized balances associated with the debt discount, issue costs and fair value hedge adjustment resulting from the sale of our interest rate swap agreements in 2012. It also included a one-time payment of $24 to 2018 Senior Note holders under a make-whole provision, which represents the net present value of expected coupon payments had the notes been outstanding through the original maturity date. Credit Facilities As of November 3, 2018 , we had total short-term borrowing capacity available of $800 . In September 2018, we renewed our existing $800 senior unsecured revolving credit facility (“revolver”), extending the expiration from April 2020 to September 2023 . Our revolver contains customary representations, warranties, covenants and terms, which are substantially similar to our 2015 revolver. 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. Provided that we obtain written consent from the lenders, we have the option to increase the revolving commitment by up to $200 , to a total of $1,000 , and two options to extend the revolving commitment by one year. The revolver requires that we maintain an adjusted debt to earnings before interest, income taxes, depreciation, amortization and rent (“EBITDAR”) leverage ratio of no more than four times. As of November 3, 2018 , we were in compliance with this covenant. Our $800 commercial paper program allows us to use the proceeds to fund operating cash requirements. Under the terms of the commercial paper agreement, we pay a rate of interest based on, among other factors, the maturity of the issuance and market conditions. The issuance of commercial paper has the effect, while it is outstanding, of reducing available liquidity under the revolver by an amount equal to the principal amount of commercial paper. As of November 3, 2018 , we had no issuances outstanding under our commercial paper program and no borrowings outstanding under our revolver. Our wholly owned subsidiary in Puerto Rico maintained a $52 unsecured borrowing facility to support our expansion into that market. Borrowings on this facility incurred interest at an annual rate based upon LIBOR plus 1.275% and also incurred a fee based on any unused commitment. During the third quarter, we fully repaid $47 outstanding on this facility, which was included in the current portion of long-term debt. In November 2018 , subsequent to quarter end, this facility expired.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Nov. 03, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 5: 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 Not Measured at Fair Value Financial instruments not measured at fair value on a recurring basis include cash and cash equivalents, accounts receivable and accounts payable, 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: November 3, 2018 February 3, 2018 October 28, 2017 Carrying value of long-term debt $2,686 $2,737 $2,738 Fair value of long-term debt 2,700 2,827 2,840 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 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. There were no material impairment charges for these assets for the nine months ended November 3, 2018 and October 28, 2017 .

Commitments And Contingencies

Commitments And Contingencies	9 Months Ended
	Nov. 03, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	NOTE 6: COMMITMENTS AND CONTINGENCIES Plans for our Nordstrom NYC 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 November 3, 2018 , we had approximately $289 of fee interest in land, which is expected to convert to the 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.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Nov. 03, 2018
Stockholders' Equity Note [Abstract]
Shareholders' Equity	NOTE 7: SHAREHOLDERS’ EQUITY In February 2017 , our Board of Directors authorized a new program to repurchase up to $500 of our outstanding common stock through August 31, 2018 . There was $319 of unused capacity upon this program’s expiration. In August 2018, our Board of Directors authorized a program to repurchase up to $1,500 of our outstanding common stock, with no expiration date. Under the February 2017 program until it expired and then under the August 2018 program, we repurchased 2.9 shares of our common stock under both programs for an aggregate purchase price of $157 during the nine months ended November 3, 2018 . We had $1,438 remaining in share repurchase capacity as of November 3, 2018 . The actual timing, price, manner and amounts of future share repurchases, if any, will be subject to market and economic conditions and applicable SEC rules. In November 2018 , subsequent to quarter end, we declared a quarterly dividend of $0.37 per share, which will be paid on December 11, 2018 to holders of record as of November 26, 2018 .

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Nov. 03, 2018
Share-based Compensation [Abstract]
Stock-Based Compensation	NOTE 8: STOCK-BASED COMPENSATION The following table summarizes our stock-based compensation expense: Quarter Ended Nine Months Ended November 3, 2018 October 28, 2017 November 3, 2018 October 28, 2017 Restricted stock units $17 $13 $57 $40 Stock options 3 5 9 13 Other 1 1 6 6 Total stock-based compensation expense, before income tax benefit 21 19 72 59 Income tax benefit (5 ) (7 ) (18 ) (22 ) Total stock-based compensation expense, net of income tax benefit $16 $12 $54 $37 The following table summarizes our grant allocations: Nine Months Ended November 3, 2018 October 28, 2017 Granted Weighted-average grant-date fair value per unit Granted Weighted-average grant-date fair value per unit Restricted stock units 2.2 $49 1.9 $42 Stock options — — 0.3 $16 Performance share units — — 0.1 $40

Earnings Per Share

Earnings Per Share	9 Months Ended
	Nov. 03, 2018
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 9: EARNINGS PER SHARE The computation of earnings per share is as follows: Quarter Ended Nine Months Ended November 3, 2018 October 28, 2017 November 3, 2018 October 28, 2017 Net earnings $67 $114 $316 $286 Basic shares 168.8 166.6 168.1 166.7 Dilutive effect of common stock equivalents 3.6 2.2 2.9 2.1 Diluted shares 172.4 168.8 171.0 168.8 Earnings per basic share $0.40 $0.68 $1.88 $1.72 Earnings per diluted share $0.39 $0.67 $1.85 $1.70 Anti-dilutive common stock equivalents 1.8 10.0 5.5 10.8

Basis Of Presentation (Policies

Basis Of Presentation (Policies)	9 Months Ended
	Nov. 03, 2018
Basis of Presentation [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases , which was subsequently amended in July 2018 by ASU No. 2018-10, Codification Improvements to Topic 842, Leases and ASU No. 2018-11, Leases (Topic 842): Targeted Improvements (“ASU 2018-11”). 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 right-of-use 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. Additional qualitative and quantitative disclosures will be required to give financial statement users information on the amount, timing and judgments related to a reporting entity’s cash flows arising from leases. We plan to adopt this ASU in the first quarter of 2019 using the additional (and optional) transition method provided in ASU 2018-11, which would allow for application of the guidance at the beginning of the period in which it is adopted by recognizing a cumulative-effect adjustment to the opening balance of retained earnings. We expect the adoption of this standard will result in a material increase in noncurrent assets and noncurrent liabilities on our Consolidated Balance Sheet. We are currently evaluating additional impacts this guidance may have on our Consolidated Financial Statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles — Goodwill and Other: Simplifying the Test for Goodwill Impairment , which simplifies the accounting for goodwill impairment by eliminating step two from the goodwill impairment test. Under this new guidance, if the carrying amount of a reporting unit exceeds its estimated fair value, an impairment charge shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. This guidance is effective prospectively for fiscal years and interim periods within those years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests. We are currently evaluating the impact this guidance would have on our Consolidated Financial Statements. In February 2018, the FASB issued ASU No. 2018-02, Income Statement — Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. This new guidance allows a reclassification from accumulated other comprehensive loss to accumulated deficit for certain tax effects resulting from the 2017 Tax Cuts and Jobs Act (“Tax Act”), which could not be recorded under prior guidance. We elected to early adopt this standard in the first quarter of 2018 and reclassified $ 5 of tax impacts resulting from the change in the federal corporate tax rate, decreasing the beginning accumulated deficit for the nine months ended November 3, 2018 . In August 2018, the Securities and Exchange Commission (“SEC”) adopted the final rule under SEC Release No. 33-10532, Disclosure Update and Simplification , amending certain disclosure requirements that were redundant, duplicative, overlapping, outdated or superseded. In addition, the amendments expanded the disclosure requirements on the Condensed Consolidated Statements of Shareholders’ Equity for interim financial statements. Under the amendments, an analysis of changes in each caption of shareholders’ equity presented in the Condensed Consolidated Balance Sheets must be provided in a note or separate statement. The analysis should present a reconciliation of the beginning balance to the ending balance of each period for which the Condensed Consolidated Statement of Comprehensive Earnings is required to be filed. This final rule is effective for us in the fourth quarter of 2018. With respect to the Condensed Consolidated Statements of Shareholders’ Equity, the SEC provided relief on the effective date until the first quarter of 2019. The adoption of this final rule will not have a material effect on our Consolidated Financial Statements.
Net Sales	NET SALES We recognize sales revenue net of estimated returns and excluding sales taxes. Revenue from sales to customers shipped from our fulfillment centers, stores and directly from our vendors (“shipped revenues”), which includes shipping revenue when applicable, is recognized at shipping point, the point in time where control has transferred to the customer. Costs to ship orders to customers are expensed as a fulfillment activity at shipping point and commissions from sales at our full-line stores are expensed at the point of sale and both are recorded in selling, general and administrative expenses. Prior to 2018, shipped revenues were recognized upon estimated receipt by the customer and we recorded an estimated in-transit reserve for orders shipped prior to a period’s end, but not yet received by the customer. We reduce sales and cost of sales by an estimate of customer merchandise returns, which is calculated based on historical return patterns, and record a sales return reserve and an estimated returns asset. Our sales return reserve is classified in other current liabilities and our estimated returns asset, calculated based on the cost of merchandise sold, is classified in prepaid expenses and other on the Condensed Consolidated Balance Sheet. Due to the seasonality of our business, these balances typically increase with higher sales occurring in the last month of a period, such as the Anniversary Sale at the end of the second quarter, and decrease in the following period. Prior to 2018, the estimated cost of merchandise returned was netted with our sales return reserve in other current liabilities.
Credit Card Revenues, Net	CREDIT CARD REVENUES, NET Credit program revenues, net include our portion of the ongoing credit card revenue, net of credit losses, pursuant to the program agreement with TD Bank N.A. (“TD”). Upon adoption of the new Revenue Standard, the remaining unamortized balances of the investment in contract asset and deferred revenue associated with the sale of the credit card receivables to TD in 2015 and 2017 were eliminated as part of a cumulative-effect adjustment, reducing the opening balance of accumulated deficit for 2018. As a result, the asset amortization and deferred revenue recognition are no longer recorded in credit card revenues, net. Prior to 2018, the investment in contract asset was classified in prepaid expenses and other and other assets, while the deferred revenue was classified in other current liabilities and other liabilities on the Condensed Consolidated Balance Sheet.
Loyalty Program	LOYALTY PROGRAM We evolved our customer loyalty program with the launch of The Nordy Club in October 2018, which incorporates a traditional point system and the favorite benefits of our previous program, while providing customers exclusive access to products and events, enhanced services, personalized experiences and more convenient ways to shop. Customers accumulate points based on their level of spending and type of participation. Upon reaching certain point thresholds, customers receive Nordstrom Notes (“Notes”), which can be redeemed for goods or services offered at Nordstrom full-line stores, Nordstrom.com, Nordstrom Rack and Nordstromrack.com/HauteLook. Nordstrom cardmembers can also earn rewards at Trunk Club. The Nordy Club member benefits will vary based on the level of customer spend, and include Personal Double Points days, shopping and fashion events and the ability to Reserve Online and Try In Store. Customers who participate in The Nordy Club loyalty program through our credit and debit cards receive additional benefits, and can vary depending on the level of spend, including early access to the Anniversary Sale, Nordstrom to You (an in-home stylist) and incremental accumulation of points towards Notes. For more information regarding The Nordy Club, visit Nordstrom.com/NordyClub. As our customers earn points and Notes in the loyalty program, a portion of underlying sales revenue is deferred. We recognize the revenue and related cost of sale when the Notes are ultimately redeemed. The amount of revenue deferred is based on an estimated stand-alone selling price of the points, Notes and other loyalty benefits, such as alterations, and included in other current liabilities on the Condensed Consolidated Balance Sheet. Other benefits of the loyalty program, including shopping and fashion events, are recorded in selling, general and administrative expenses as these are not a material right of the program. Our outstanding performance obligation for The Nordy Club consists primarily of unredeemed points and Notes and was $154 as of November 3, 2018 . Almost all Notes are redeemed within six months of issuance. We record breakage revenue of unused points and unredeemed Notes based on expected customer redemption. We estimate, based on historical usage, that 6% of Notes will be unredeemed and recognized as revenue. Prior to 2018, we estimated the net cost of Notes that will be issued and redeemed and recorded this cost as rewards points were accumulated. These costs, as well as reimbursed alterations, were recorded in cost of sales as we provided customers with products and services for these rewards.
Gift Cards	GIFT CARDS We record deferred revenue from the sale of gift cards at the time of purchase. As gift cards are redeemed, we recognize revenue and reduce our contract liability. Though our gift cards do not have an expiration date, we include this deferred revenue in other current liabilities on the Condensed Consolidated Balance Sheet as customers can redeem gift cards at any time. As of November 3, 2018 , our outstanding performance obligation for unredeemed gift cards was $296 . Almost all gift cards are redeemed within two years of issuance. We record breakage revenue on unused gift cards based on expected customer redemption. We estimate, based on historical usage, that 2% will be unredeemed and recognized as revenue. Prior to 2018, gift card breakage was recorded in selling, general and administrative expenses and was estimated based on when redemption was considered remote.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Nov. 03, 2018
Revenue from Contract with Customer [Abstract]
Impact Of Adoption Of New Revenue Standard	The impact of adoption on our Condensed Consolidated Balance Sheet for the period ended November 3, 2018 was as follows: November 3, 2018 As Reported Revenue Standard Adjustment Excluding Impact of Revenue Standard Assets Merchandise inventories $2,614 $46 $2,660 Prepaid expenses and other 366 (130 ) 236 Other assets 305 96 401 Liabilities and Shareholders’ Equity Other current liabilities 1,202 (17 ) 1,185 Other liabilities 521 110 631 Accumulated deficit (1,777 ) (81 ) (1,858 )
Summary Of Contract Liabilities	Our contract liabilities are as follows: Contract Liabilities Opening balance as of February 4, 2018 $498 Balance as of May 5, 2018 460 Balance as of August 4, 2018 445 Ending balance as of November 3, 2018 450
Disaggregated Net Sales	The following table summarizes our disaggregated net sales: Quarter Ended Nine Months Ended November 3, 2018 October 28, 2017 November 3, 2018 October 28, 2017 Full-Price 1 $2,367 $2,173 $7,314 $7,179 Off-Price 1 1,281 1,178 3,783 3,519 Other 1 — 190 — (161 ) Total net sales $3,648 $3,541 $11,097 $10,537 Digital sales as % of total net sales 2 26 % 23 % 30 % 26 % 1 We present our sales in the way that management views our results internally, including presenting 2018 under the new Revenue Standard and allocating our sales return reserve and the loyalty related adjustments to Full-Price and Off-Price. Amounts in 2018 related to adoption of the new Revenue Standard have not been recast for any prior periods due to the modified retrospective method of adoption. For 2017, Other primarily included unallocated sales return, in-transit and loyalty related adjustments necessary to reconcile sales by business to total net sales. If we applied the sales return reserve allocation and the loyalty related adjustments to the third quarter and nine months ended October 28, 2017 , Full-Price net sales would increase $155 and decrease $115 , Off-Price net sales would decrease $16 and $45 and Other net sales would decrease $139 and increase $160 . We typically see timing shifts between the second and third quarters primarily due to the seasonal timing of the Anniversary Sale in July. 2 Digital sales are online sales and digitally assisted store sales which include Buy Online, Pickup in Store (“BOPUS”), Reserve Online, Try on in Store (Store Reserve) and Style Boards, a digital selling tool.
Percent Of Net Sales By Merchandise Category Summary	The following table summarizes the percent of net sales by merchandise category: November 3, 2018 Quarter Ended Nine Months Ended Women’s Apparel 32 % 33 % Shoes 24 % 24 % Men’s Apparel 16 % 16 % Women’s Accessories 10 % 10 % Beauty 11 % 11 % Kids’ Apparel 4 % 4 % Other 3 % 2 % Total 100 % 100 %

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Nov. 03, 2018
Segment Reporting [Abstract]
Information By Reportable Segment	The following table sets forth information for our reportable segment: Quarter Ended Nine Months Ended November 3, 2018 October 28, 2017 November 3, 2018 October 28, 2017 Retail segment earnings before interest and income taxes 1 $171 $152 $701 $696 Corporate/Other (loss) earnings before interest and income taxes 1 (66 ) 56 (197 ) (121 ) Interest expense, net (25 ) (28 ) (81 ) (104 ) Earnings before income taxes $80 $180 $423 $471 1 We present our segment results in the way that management views our results internally, including allocating our sales return reserve and the loyalty related adjustments to Full-Price and Off-Price in 2018. Amounts in 2018 reflect the adoption of the new Revenue Standard, whereas 2017 amounts have not been recast due to the modified retrospective method of adoption described in Note 2: Revenue . If we applied the sales return reserve allocation and the loyalty related adjustments to the third quarter and nine months ended October 28, 2017 , Retail segment earnings before interest and income taxes would increase $78 and $10 and Corporate/Other earnings before interest and income taxes would decrease $78 and Corporate/Other loss before interest and income taxes would increase $10 . We typically see timing shifts between the second and third quarters primarily due to the seasonal timing of the Anniversary Sale in July.

Debt And Credit Facilities (Tab

Debt And Credit Facilities (Tables)	9 Months Ended
	Nov. 03, 2018
Debt Disclosure [Abstract]
Summary Of Long-Term Debt	A summary of our long-term debt, including capital leases, is as follows: November 3, 2018 February 3, 2018 October 28, 2017 Secured Mortgage payable, 7.68%, due April 2020 $12 $17 $20 Other — 1 1 Total secured debt 12 18 21 Unsecured Net of unamortized discount: Senior notes, 4.75%, due May 2020 500 500 499 Senior notes, 4.00%, due October 2021 500 500 500 Senior notes, 4.00%, due March 2027 349 349 349 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 894 892 891 Other 1 (15 ) 32 32 Total unsecured debt 2,674 2,719 2,717 Total long-term debt 2,686 2,737 2,738 Less: current portion (8 ) (56 ) (57 ) Total due beyond one year $2,678 $2,681 $2,681 1 Other unsecured debt includes our deferred bond issue costs as of November 3, 2018 . As of February 3, 2018 and October 28, 2017 , Other included our Puerto Rico unsecured borrowing facility partially offset by deferred bond issue costs

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Nov. 03, 2018
Fair Value Disclosures [Abstract]
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: November 3, 2018 February 3, 2018 October 28, 2017 Carrying value of long-term debt $2,686 $2,737 $2,738 Fair value of long-term debt 2,700 2,827 2,840

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Nov. 03, 2018
Share-based Compensation [Abstract]
Summary Of Stock-Based Compensation Expense	The following table summarizes our stock-based compensation expense: Quarter Ended Nine Months Ended November 3, 2018 October 28, 2017 November 3, 2018 October 28, 2017 Restricted stock units $17 $13 $57 $40 Stock options 3 5 9 13 Other 1 1 6 6 Total stock-based compensation expense, before income tax benefit 21 19 72 59 Income tax benefit (5 ) (7 ) (18 ) (22 ) Total stock-based compensation expense, net of income tax benefit $16 $12 $54 $37
Summary Of Grants	The following table summarizes our grant allocations: Nine Months Ended November 3, 2018 October 28, 2017 Granted Weighted-average grant-date fair value per unit Granted Weighted-average grant-date fair value per unit Restricted stock units 2.2 $49 1.9 $42 Stock options — — 0.3 $16 Performance share units — — 0.1 $40

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Nov. 03, 2018
Earnings Per Share [Abstract]
Computation Of Earnings Per Share	The computation of earnings per share is as follows: Quarter Ended Nine Months Ended November 3, 2018 October 28, 2017 November 3, 2018 October 28, 2017 Net earnings $67 $114 $316 $286 Basic shares 168.8 166.6 168.1 166.7 Dilutive effect of common stock equivalents 3.6 2.2 2.9 2.1 Diluted shares 172.4 168.8 171.0 168.8 Earnings per basic share $0.40 $0.68 $1.88 $1.72 Earnings per diluted share $0.39 $0.67 $1.85 $1.70 Anti-dilutive common stock equivalents 1.8 10.0 5.5 10.8

Basis of Presentation (Narrativ

Basis of Presentation (Narrative) (Details)	3 Months Ended		9 Months Ended
	Nov. 03, 2018USD ($)	Oct. 28, 2017USD ($)	Nov. 03, 2018USD ($)businesses	Oct. 28, 2017USD ($)	May 05, 2018USD ($)	Feb. 03, 2018USD ($)
Nature of Retail Operations [Line Items]
Estimated Nordstrom cardmembers to receive a refund	4.00%		4.00%
Amount of customer refund	$ 100		$ 100
Estimated prior period misstatement recognized in the current period	16,000,000
Goodwill	249,000,000	$ 238,000,000	249,000,000	$ 238,000,000		$ 238,000,000
Cumulative effect of adopted accounting standard	0	$ 0	$ (5,000,000)	$ 0
Accounting Standards Update 2018-02 [Member]
Nature of Retail Operations [Line Items]
Cumulative effect of adopted accounting standard	5,000,000
Acquisitions of two retail technology companies
Nature of Retail Operations [Line Items]
Number of retail technology companies acquired | businesses			2
Goodwill					$ 11,000,000
Pre-Tax [Member]
Nature of Retail Operations [Line Items]
Estimated Non-recurring Charge	72,000,000
Net of Tax [Member]
Nature of Retail Operations [Line Items]
Estimated Non-recurring Charge	$ 49,000,000

Revenue (Impact Of Adoption Of

Revenue (Impact Of Adoption Of New Revenue Standard) (Details) - USD ($) $ in Millions	Nov. 03, 2018	Feb. 03, 2018	Oct. 28, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Merchandise inventories	$ 2,614	$ 2,027	$ 2,434
Prepaid expenses and other	366	150	162
Other assets	305	435	529
Other current liabilities	1,202	1,246	1,166
Other liabilities	521	673	670
Accumulated deficit	(1,777)	$ (1,810)	$ (1,899)
Revenue Standard Adjustment [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Merchandise inventories	46
Prepaid expenses and other	(130)
Other assets	96
Other current liabilities	(17)
Other liabilities	110
Accumulated deficit	(81)
Excluding Impact of Revenue Standard [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Merchandise inventories	2,660
Prepaid expenses and other	236
Other assets	401
Other current liabilities	1,185
Other liabilities	631
Accumulated deficit	$ (1,858)

Revenue (Summary Of Contract Li

Revenue (Summary Of Contract Liabilities) (Details) - USD ($) $ in Millions	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 04, 2018
Revenue from Contract with Customer [Abstract]
Contract liabilities	$ 450	$ 445	$ 460	$ 498

Revenue (Disaggregated Net Sale

Revenue (Disaggregated Net Sales) (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Nov. 03, 2018	Oct. 28, 2017	Nov. 03, 2018	Oct. 28, 2017
Disaggregation of Revenue [Line Items]
Net sales		$ 3,648	$ 3,541	$ 11,097	$ 10,537
Disaggregated sales by category		100.00%		100.00%
Digital Sales [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	[1]	26.00%	23.00%	30.00%	26.00%
Full-price [Member]
Disaggregation of Revenue [Line Items]
Net sales	[2]	$ 2,367	$ 2,173	$ 7,314	$ 7,179
Full-price [Member] | Net sales increase/(decrease) affecting comparability [Member]
Disaggregation of Revenue [Line Items]
Net sales	[2]		155		(115)
Off-price [Member]
Disaggregation of Revenue [Line Items]
Net sales	[2]	1,281	1,178	3,783	3,519
Off-price [Member] | Net sales increase/(decrease) affecting comparability [Member]
Disaggregation of Revenue [Line Items]
Net sales	[2]		(16)		(45)
Other [Member]
Disaggregation of Revenue [Line Items]
Net sales	[2]	$ 0	190	$ 0	(161)
Other [Member] | Net sales increase/(decrease) affecting comparability [Member]
Disaggregation of Revenue [Line Items]
Net sales	[2]		$ (139)		$ 160
[1]	Digital sales are online sales and digitally assisted store sales which include Buy Online, Pickup in Store (“BOPUS”), Reserve Online, Try on in Store (Store Reserve) and Style Boards, a digital selling tool.
[2]	We present our sales in the way that management views our results internally, including presenting 2018 under the new Revenue Standard and allocating our sales return reserve and the loyalty related adjustments to Full-Price and Off-Price. Amounts in 2018 related to adoption of the new Revenue Standard have not been recast for any prior periods due to the modified retrospective method of adoption. For 2017, Other primarily included unallocated sales return, in-transit and loyalty related adjustments necessary to reconcile sales by business to total net sales. If we applied the sales return reserve allocation and the loyalty related adjustments to the third quarter and nine months ended October 28, 2017, Full-Price net sales would increase $155 and decrease $115, Off-Price net sales would decrease $16 and $45 and Other net sales would decrease $139 and increase $160. We typically see timing shifts between the second and third quarters primarily due to the seasonal timing of the Anniversary Sale in July.

Revenue (Percent Of Net Sales B

Revenue (Percent Of Net Sales By Merchandise Category Summary) (Details)	3 Months Ended	9 Months Ended
	Nov. 03, 2018	Nov. 03, 2018
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	100.00%	100.00%
Women's Apparel [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	32.00%	33.00%
Shoes [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	24.00%	24.00%
Men's Apparel [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	16.00%	16.00%
Women's Accessories [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	10.00%	10.00%
Beauty [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	11.00%	11.00%
Kids' Apparel [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	4.00%	4.00%
Other [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	3.00%	2.00%

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Nov. 03, 2018	May 05, 2018	Oct. 28, 2017	Nov. 03, 2018	Oct. 28, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Cumulative effect of adopted accounting standards	$ 0		$ 0	$ 5	$ 0
Revenue recognized from beginning contract liability balance	116			272
Net sales	3,648		$ 3,541	11,097	$ 10,537
Loyalty Program [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Performance obligations	$ 154			$ 154
Average period between issuance and redemption				6 months
Rate of unredeemed performance obligations	6.00%			6.00%
Gift Cards [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Performance obligations	$ 296			$ 296
Average period between issuance and redemption				2 years
Rate of unredeemed performance obligations	2.00%			2.00%
Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Cumulative effect of adopted accounting standards		$ 55		$ 55

Segment Reporting (Information

Segment Reporting (Information By Reportable Segment) (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Nov. 03, 2018	Oct. 28, 2017	Nov. 03, 2018	Oct. 28, 2017
Segment Reporting Information [Line Items]
Earnings (loss) before interest and income taxes		$ 105	$ 208	$ 504	$ 575
Interest expense, net		(25)	(28)	(81)	(104)
Earnings before income taxes		80	180	423	471
Retail [Member]
Segment Reporting Information [Line Items]
Earnings (loss) before interest and income taxes	[1]	171	152	701	696
Retail [Member] | EBIT increase/(decrease) affecting comparability [Member]
Segment Reporting Information [Line Items]
Earnings (loss) before interest and income taxes			78		10
Corporate/Other [Member]
Segment Reporting Information [Line Items]
Earnings (loss) before interest and income taxes	[1]	$ (66)	56	$ (197)	(121)
Corporate/Other [Member] | EBIT increase/(decrease) affecting comparability [Member]
Segment Reporting Information [Line Items]
Earnings (loss) before interest and income taxes			$ 78		$ 10
[1]	We present our segment results in the way that management views our results internally, including allocating our sales return reserve and the loyalty related adjustments to Full-Price and Off-Price in 2018. Amounts in 2018 reflect the adoption of the new Revenue Standard, whereas 2017 amounts have not been recast due to the modified retrospective method of adoption described in Note 2: Revenue. If we applied the sales return reserve allocation and the loyalty related adjustments to the third quarter and nine months ended October 28, 2017, Retail segment earnings before interest and income taxes would increase $78 and $10 and Corporate/Other earnings before interest and income taxes would decrease $78 and Corporate/Other loss before interest and income taxes would increase $10. We typically see timing shifts between the second and third quarters primarily due to the seasonal timing of the Anniversary Sale in July.

Segment Reporting (Narrative) (

Segment Reporting (Narrative) (Details)	9 Months Ended
	Nov. 03, 2018segment
Segment Reporting [Abstract]
Number of reportable segments	1
Number of operating segments	2

Debt And Credit Facilities (Sum

Debt And Credit Facilities (Summary Of Long-Term Debt) (Details) - USD ($) $ in Millions		9 Months Ended		12 Months Ended
		Nov. 03, 2018	Oct. 28, 2017	Feb. 03, 2018
Debt Instrument [Line Items]
Total secured debt		$ 12	$ 21	$ 18
Total unsecured debt		2,674	2,717	2,719
Total long-term debt		2,686	2,738	2,737
Less: current portion		(8)	(57)	(56)
Total due beyond one year		2,678	2,681	2,681
Mortgage payable, 7.68%, due April 2020 [Member]
Debt Instrument [Line Items]
Total secured debt		$ 12	$ 20	$ 17
Debt instrument interest rate		7.68%	7.68%	7.68%
Maturity date		April 2,020	April 2,020	April 2,020
Other [Member]
Debt Instrument [Line Items]
Total secured debt		$ 0	$ 1	$ 1
Senior notes, 4.75%, due May 2020, net of unamortized discount [Member]
Debt Instrument [Line Items]
Total unsecured debt		$ 500	$ 499	$ 500
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	$ 500	$ 500
Debt instrument interest rate		4.00%	4.00%	4.00%
Maturity date		October 2,021	October 2,021	October 2,021
Senior notes, 4.00%, due March 2027, net of unamortized discount [Member]
Debt Instrument [Line Items]
Total unsecured debt		$ 349	$ 349	$ 349
Debt instrument interest rate		4.00%	4.00%	4.00%
Maturity date		March 2,027	March 2,027	March 2,027
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		$ 894	$ 891	$ 892
Debt instrument interest rate		5.00%	5.00%	5.00%
Maturity date		January 2,044	January 2,044	January 2,044
Other [Member]
Debt Instrument [Line Items]
Total unsecured debt	[1]	$ (15)	$ 32	$ 32
[1]	Other unsecured debt includes our deferred bond issue costs as of November 3, 2018. As of February 3, 2018 and October 28, 2017, Other included our Puerto Rico unsecured borrowing facility partially offset by deferred bond issue costs

Debt And Credit Facilities (Nar

Debt And Credit Facilities (Narrative) (Details) $ in Millions	3 Months Ended			9 Months Ended		12 Months Ended
	Nov. 03, 2018USD ($)	Oct. 28, 2017USD ($)	Apr. 29, 2017USD ($)	Nov. 03, 2018USD ($)	Oct. 28, 2017USD ($)	Feb. 03, 2018
Debt Instrument [Line Items]
Proceeds from long-term borrowings				$ 0	$ 635
Principal payments on long-term borrowings				54	658
Interest expense, net	$ 25	$ 28		81	104
Interest paid under the make-whole provision				$ 95	$ 106
Number of options to extend revolver	2			2
Commercial paper [Member]
Debt Instrument [Line Items]
Total short-term borrowing capacity	$ 800			$ 800
Issuances or borrowings	$ 0			$ 0
2017 Refinancing [Member]
Debt Instrument [Line Items]
Interest expense, net			$ 18
Interest paid under the make-whole provision			24
Senior notes, 4.00%, due March 2027, net of unamortized discount [Member]
Debt Instrument [Line Items]
Proceeds from long-term borrowings			350
Debt instrument interest rate	4.00%	4.00%		4.00%	4.00%	4.00%
Maturity date				March 2,027	March 2,027	March 2,027
Senior notes, 5.00%, due January 2044, net of unamortized discount [Member]
Debt Instrument [Line Items]
Proceeds from long-term borrowings			300
Debt instrument interest rate	5.00%	5.00%		5.00%	5.00%	5.00%
Maturity date				January 2,044	January 2,044	January 2,044
Senior notes, 6.25%, due January 2018, net of unamortized discount [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	6.25%	6.25%		6.25%	6.25%	6.25%
Maturity date				January 2,018	January 2,018	January 2,018
Principal payments on long-term borrowings			$ 650
Unsecured revolving credit facility [Member]
Debt Instrument [Line Items]
Maturity date				September 2,023
Option to increase the maximum capacity of revolving credit facility	$ 200			$ 200
Maximum borrowing capacity with option	1,000			$ 1,000
Debt covenant leverage ratio				4
Issuances or borrowings	0			$ 0
Line of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity with option	52			$ 52
Debt instrument interest rate				LIBOR plus 1.275%
Basis spread on variable rate				1.275%
Full repayment of outstanding Puerto Rico unsecured borrowing facility	$ 47

Fair Value Measurements (Summar

Fair Value Measurements (Summary Of Carrying Value And Fair Value Estimate Of Long-Term Debt) (Details) - USD ($) $ in Millions	Nov. 03, 2018	Feb. 03, 2018	Oct. 28, 2017
Fair Value Measurements, Long-term Debt [Line Items]
Carrying value of long-term debt	$ 2,686	$ 2,737	$ 2,738
Level 2 [Member]
Fair Value Measurements, Long-term Debt [Line Items]
Fair value of long-term debt	$ 2,700	$ 2,827	$ 2,840

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended
	Nov. 03, 2018	Oct. 28, 2017
Fair Value Disclosures [Abstract]
Impairment charges	$ 0	$ 0

Commitments And Contingencies (

Commitments And Contingencies (Narrative) (Details) $ in Millions	Nov. 03, 2018USD ($)
Manhattan full-line store [Member]
Property Assets Subject to Lien [Line Items]
Fee interest in land	$ 289

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	1 Months Ended	9 Months Ended
	Dec. 10, 2018	Nov. 03, 2018	Oct. 28, 2017	Aug. 31, 2018
Retained Earnings Adjustments [Line Items]
Shares repurchased (in shares)		2.9
Repurchase of common stock		$ 157	$ 206
Remaining share repurchase capacity		1,438
Subsequent Event [Member]
Retained Earnings Adjustments [Line Items]
Quarterly dividend declared and paid in subsequent quarter	$ 0.37
2017 Program [Member]
Retained Earnings Adjustments [Line Items]
Share repurchase authorization				$ 500
Expiration of unused share repurchase capacity		319
2018 Program [Member]
Retained Earnings Adjustments [Line Items]
Share repurchase authorization		$ 1,500

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary Of Stock-Based Compensation Expense) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Nov. 03, 2018	Oct. 28, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	$ 21	$ 19	$ 72	$ 59
Income tax benefit	(5)	(7)	(18)	(22)
Total stock-based compensation expense, net of income tax benefit	16	12	54	37
Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	17	13	57	40
Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	3	5	9	13
Other [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	$ 1	$ 1	$ 6	$ 6

Stock-Based Compensation (Sum_2

Stock-Based Compensation (Summary Of Grants) (Details) - $ / shares shares in Millions	9 Months Ended
	Nov. 03, 2018	Oct. 28, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares)	0	0.3
Weighted-average grant-date fair value per stock option (in dollars per share)	$ 0	$ 16
Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	2.2	1.9
Weighted-average grant-date fair value per unit (in dollars per share)	$ 49	$ 42
Performance share units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	0	0.1
Weighted-average grant-date fair value per unit (in dollars per share)	$ 0	$ 40

Earnings Per Share (Computation

Earnings Per Share (Computation Of Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Nov. 03, 2018	Oct. 28, 2017
Earnings Per Share [Abstract]
Net earnings	$ 67	$ 114	$ 316	$ 286
Basic shares (in shares)	168.8	166.6	168.1	166.7
Dilutive effect of common stock equivalents (in shares)	3.6	2.2	2.9	2.1
Diluted shares (in shares)	172.4	168.8	171	168.8
Earnings per basic share (in dollars per share)	$ 0.40	$ 0.68	$ 1.88	$ 1.72
Earnings per diluted share (in dollars per share)	$ 0.39	$ 0.67	$ 1.85	$ 1.70
Anti-dilutive common stock equivalents (in shares)	1.8	10	5.5	10.8