Nordstrom (JWN) 10-Q 4 Sep 19 2019 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Aug. 03, 2019	Aug. 29, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Aug. 3, 2019
Document Transition Report	false
Entity File Number	001-15059
Entity Registrant Name	NORDSTROM, INC.
Entity Incorporation, State or Country Code	WA
Entity Tax Identification Number	91-0515058
Entity Address, Address Line One	1617 Sixth Avenue
Entity Address, City or Town	Seattle
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98101
City Area Code	206
Local Phone Number	628-2111
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common stock, without par value
Trading Symbol	JWN
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		154,914,812
Entity Central Index Key	0000072333
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--02-01

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Earnings - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Income Statement [Abstract]
Net sales	$ 3,778	$ 3,980	$ 7,127	$ 7,450
Credit card revenues, net	94	87	188	179
Total revenues	3,872	4,067	7,315	7,629
Cost of sales and related buying and occupancy costs	(2,476)	(2,589)	(4,704)	(4,877)
Selling, general and administrative expenses	(1,180)	(1,232)	(2,319)	(2,353)
Earnings before interest and income taxes	216	246	292	399
Interest expense, net	(23)	(28)	(46)	(56)
Earnings before income taxes	193	218	246	343
Income tax expense	(52)	(56)	(69)	(94)
Net earnings	$ 141	$ 162	$ 177	$ 249
Earnings per share:
Basic (in dollars per share)	$ 0.91	$ 0.97	$ 1.14	$ 1.48
Diluted (in dollars per share)	$ 0.90	$ 0.95	$ 1.14	$ 1.46
Weighted-average shares outstanding:
Basic (in shares)	155	167.8	155	167.8
Diluted (in shares)	155.6	170.3	155.9	170.3

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Earnings - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net earnings	$ 141	$ 162	$ 177	$ 249
Foreign currency translation adjustment	7	(4)	(2)	(15)
Post retirement plan adjustments, net of tax	0	1	0	2
Comprehensive net earnings	$ 148	$ 159	$ 175	$ 236

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Aug. 03, 2019	Feb. 02, 2019	Aug. 04, 2018
Assets
Cash and cash equivalents	$ 956	$ 957	$ 1,343
Accounts receivable, net	211	148	200
Merchandise inventories	1,932	1,978	2,065
Prepaid expenses and other	384	291	439
Total current assets	3,483	3,374	4,047
Land, property and equipment (net of accumulated depreciation of $6,813, $6,647 and $6,393)	4,036	3,921	3,860
Operating lease right-of-use assets	1,801	0	0
Goodwill	249	249	249
Other assets	366	342	334
Total assets	9,935	7,886	8,490
Liabilities and Shareholders' Equity
Accounts payable	1,819	1,469	1,840
Accrued salaries, wages and related benefits	442	580	394
Current portion of operating lease liabilities	237	0	0
Other current liabilities	1,427	1,324	1,380
Current portion of long-term debt	500	8	54
Total current liabilities	4,425	3,381	3,668
Long-term debt, net	2,178	2,677	2,680
Deferred property incentives, net	5	457	480
Non-current operating lease liabilities	1,912	0	0
Other liabilities	656	498	522
Commitments and contingencies (Note 7)
Shareholders' equity:
Common stock, no par value: 1,000 shares authorized; 154.9, 157.6 and 167.5 shares issued and outstanding	3,084	3,048	2,899
Accumulated deficit	(2,286)	(2,138)	(1,712)
Accumulated other comprehensive loss	(39)	(37)	(47)
Total shareholders’ equity	759	873	1,140
Total liabilities and shareholders’ equity	$ 9,935	$ 7,886	$ 8,490

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Aug. 03, 2019	Feb. 02, 2019	Aug. 04, 2018
Assets
Accumulated depreciation	$ 6,813	$ 6,647	$ 6,393
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	154.9	157.6	167.5
Common stock, shares outstanding	154.9	157.6	167.5

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Shareholders' Equity - USD ($) $ in Millions	Total	Common Stock [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]
Common stock, balance, beginning of period at Feb. 03, 2018		$ 2,816
Common stock
Issuance of common stock under stock compensation plans		49
Stock-based compensation		34
Common stock, balance, end of period at Aug. 04, 2018	$ 2,899	2,899
Accumulated deficit, balance, beginning of period at Feb. 03, 2018			$ (1,810)
Accumulated deficit
Cumulative effect of adopted accounting standard			60	$ (5)
Net earnings	249		249
Dividends			(124)
Repurchase of common stock			(87)
Accumulated deficit, balance, end of period at Aug. 04, 2018	(1,712)		(1,712)
Accumulated other comprehensive loss, balance, beginning of period at Feb. 03, 2018				(29)
Accumulated other comprehensive loss
Cumulative effect of adopted accounting standards			60	(5)
Other comprehensive income (loss)				(13)
Accumulated other comprehensive loss, balance, end of period at Aug. 04, 2018	(47)			(47)
Total at Aug. 04, 2018	$ 1,140
Accumulated other comprehensive loss
Dividends per share	$ 0.74
Common stock, balance, beginning of period at May. 05, 2018		2,852
Common stock
Issuance of common stock under stock compensation plans		25
Stock-based compensation		22
Common stock, balance, end of period at Aug. 04, 2018	$ 2,899	2,899
Accumulated deficit, balance, beginning of period at May. 05, 2018			(1,738)
Accumulated deficit
Cumulative effect of adopted accounting standard			0	0
Net earnings	162		162
Dividends			(62)
Repurchase of common stock			(74)
Accumulated deficit, balance, end of period at Aug. 04, 2018	(1,712)		(1,712)
Accumulated other comprehensive loss, balance, beginning of period at May. 05, 2018				(44)
Accumulated other comprehensive loss
Cumulative effect of adopted accounting standards			0	0
Other comprehensive income (loss)				(3)
Accumulated other comprehensive loss, balance, end of period at Aug. 04, 2018	(47)			(47)
Total at Aug. 04, 2018	$ 1,140
Accumulated other comprehensive loss
Dividends per share	$ 0.37
Common stock, balance, beginning of period at Feb. 02, 2019	$ 3,048	3,048
Common stock
Issuance of common stock under stock compensation plans		11
Stock-based compensation		25
Common stock, balance, end of period at Aug. 03, 2019	3,084	3,084
Accumulated deficit, balance, beginning of period at Feb. 02, 2019	(2,138)		(2,138)
Accumulated deficit
Cumulative effect of adopted accounting standard			(25)	0
Net earnings	177		177
Dividends			(114)
Repurchase of common stock			(186)
Accumulated deficit, balance, end of period at Aug. 03, 2019	(2,286)		(2,286)
Accumulated other comprehensive loss, balance, beginning of period at Feb. 02, 2019	(37)			(37)
Accumulated other comprehensive loss
Cumulative effect of adopted accounting standards			(25)	0
Other comprehensive income (loss)				(2)
Accumulated other comprehensive loss, balance, end of period at Aug. 03, 2019	(39)			(39)
Total at Aug. 03, 2019	$ 759
Accumulated other comprehensive loss
Dividends per share	$ 0.74
Common stock, balance, beginning of period at May. 04, 2019		3,067
Common stock
Issuance of common stock under stock compensation plans		0
Stock-based compensation		17
Common stock, balance, end of period at Aug. 03, 2019	$ 3,084	$ 3,084
Accumulated deficit, balance, beginning of period at May. 04, 2019			(2,370)
Accumulated deficit
Cumulative effect of adopted accounting standard			0	0
Net earnings	141		141
Dividends			(57)
Repurchase of common stock			0
Accumulated deficit, balance, end of period at Aug. 03, 2019	(2,286)		(2,286)
Accumulated other comprehensive loss, balance, beginning of period at May. 04, 2019				(46)
Accumulated other comprehensive loss
Cumulative effect of adopted accounting standards			$ 0	0
Other comprehensive income (loss)				7
Accumulated other comprehensive loss, balance, end of period at Aug. 03, 2019	(39)			$ (39)
Total at Aug. 03, 2019	$ 759
Accumulated other comprehensive loss
Dividends per share	$ 0.37

Condensed Consolidated Statem_4

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018
Operating Activities
Net earnings	$ 177	$ 249
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization expenses and other, net	325	338
Amortization of deferred property incentives	0	(34)
Right-of-use asset amortization	89	0
Deferred income taxes, net	(21)	(13)
Stock-based compensation expense	40	51
Change in operating assets and liabilities:
Accounts receivable	21	(55)
Merchandise inventories	1	(122)
Prepaid expenses and other assets	(140)	(149)
Accounts payable	322	404
Accrued salaries, wages and related benefits	(137)	(183)
Other current liabilities	128	76
Deferred property incentives	4	29
Lease liabilities	(125)	0
Other liabilities	8	3
Net cash provided by operating activities	692	594
Investing Activities
Capital expenditures	(480)	(269)
Other, net	26	(21)
Net cash used in investing activities	(454)	(290)
Financing Activities
Principal payments on long-term borrowings	0	(5)
Increase in cash book overdrafts	92	63
Cash dividends paid	(114)	(124)
Payments for repurchase of common stock	(210)	(82)
Proceeds from issuances under stock compensation plans	11	49
Tax withholding on share-based awards	(18)	(17)
Other, net	0	(26)
Net cash used in financing activities	(239)	(142)
Net (decrease) increase in cash and cash equivalents	(1)	162
Cash and cash equivalents at beginning of period	957	1,181
Cash and cash equivalents at end of period	956	1,343
Cash paid during the period for:
Income taxes, net	62	181
Interest, net of capitalized interest	$ 50	$ 61

Basis Of Presentation

Basis Of Presentation	6 Months Ended
	Aug. 03, 2019
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. 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 2018 Annual Report, except as described in Note 2: Leases , 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 August 3, 2019 and August 4, 2018 are unaudited. The Condensed Consolidated Balance Sheet as of February 2, 2019 has been derived from the audited Consolidated Financial Statements included in our 2018 Annual Report. The interim Condensed Consolidated Financial Statements should be read together with the Consolidated Financial Statements and related footnote disclosures contained in our 2018 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.

Leases

Leases	6 Months Ended
	Aug. 03, 2019
Leases [Abstract]
Leases	NOTE 2: LEASES During the first quarter of fiscal 2019, we adopted the Lease Standard using the transition method provided in ASU 2018-11. As a result, reporting periods beginning in the first quarter of 2019 are presented under the Lease Standard while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting under ASC 840 — Leases . Adoption of the Lease Standard did not have a material impact on our Condensed Consolidated Statement of Earnings, Condensed Consolidated Statement of Comprehensive Earnings, Condensed Consolidated Statement of Cash Flows or Condensed Consolidated Statement of Shareholders’ Equity. The impact of adopting the Lease Standard resulted in the following on February 3, 2019: • Increase in total assets and total liabilities of $1,849 primarily due to recognizing ROU assets and operating lease liabilities for most leases previously classified as operating leases. • Reclassification of deferred property incentives, net of $ 568 to ROU assets on the Condensed Consolidated Balance Sheet. • Reclassification of deferred property incentives, net of $ 339 from ROU assets to other current liabilities and other liabilities on the Condensed Consolidated Balance Sheet for property incentives that exceed the associated ROU asset. Property incentives that exceed the associated ROU asset are primarily due to leases with low fixed lease costs that may also have variable lease costs that are excluded from the ROU asset. • Increase in beginning accumulated deficit of $ 25 primarily due to the net impact of removing a building and associated financial obligation from land, property and equipment and long-term debt, net on the Condensed Consolidated Balance Sheet related to a failed sale-leaseback transaction. Upon adoption of the Lease Standard, we record leases, which consist primarily of operating leases, on the Condensed Consolidated Balance Sheet as operating lease ROU assets, current portion of operating lease liabilities and non-current operating lease liabilities. Operating lease liabilities are initially recognized based on the net present value of the fixed portion of our lease and common area maintenance payments from lease commencement through the lease term. To calculate the net present value, we apply an incremental borrowing rate. The incremental borrowing rate is determined using a portfolio approach based on the rate of interest we would pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term. We use quoted interest rates obtained from financial institutions as an input to derive our incremental borrowing rate as the discount rate for the lease. We recognize ROU assets based on operating lease liabilities reduced by property incentives. ROU assets are tested for impairment in the same manner as long-lived assets. We elected the following practical expedients permitted under the Lease Standard: • Upon adoption, we did not reassess our prior conclusions about lease identification, lease classification or initial direct costs, and we did not use hindsight for leases existing at adoption date. • We do not record leases with an initial term of 12 months or less on the balance sheet but continue to expense them on a straight-line basis over the lease term. • We combine lease and non-lease components. We lease the land, buildings, or land and buildings for many of our stores, office facilities and Supply Chain Network facilities. We also lease equipment and have service contracts including transportation agreements and warehouse agreements where we control identified assets such as vehicles, warehouse space and equipment and therefore represent embedded leases under the Lease Standard. The majority of our fixed, non-cancellable lease terms are 15 to 30 years for Nordstrom FLS, approximately 10 years for Nordstrom Rack stores and 5 to 20 years for office facilities and Supply Chain Network facilities. Many of our leases include options that allow us to extend the lease term beyond the initial commitment period. At the commencement of a lease, we generally include only the initial lease term as we have determined that options to extend are not reasonably certain to occur. The exercise of lease renewal options is generally at our sole discretion. At the renewal of an expiring lease, we reassess our options in the agreement and include all reasonably certain extensions in the measurement of our lease term. Most of our leases also require we pay certain expenses, such as common area maintenance charges, real estate taxes and other executory costs, the fixed portion of which is included in Operating Lease Cost. We recognize Operating Lease Cost, which is primarily included in occupancy costs, on a straight-line basis over the lease term. Variable lease cost includes payments for variable common area maintenance charges and additional payments based on a percentage of sales, which are recognized when probable. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. The following table summarizes the components of lease cost: August 3, 2019 Quarter Ended Six Months Ended Operating Lease Cost $68 $138 Variable lease cost 1 13 25 Sublease income (2 ) (4 ) Total lease cost $79 $159 1 Variable lease cost includes short-term lease cost, which was immaterial for the quarter and six months ended August 3, 2019 . The following table summarizes future lease payments as of August 3, 2019 : Fiscal year Operating Leases 2019 (excluding the six months ended August 3, 2019) $154 2020 354 2021 339 2022 314 2023 287 2024 242 Thereafter 1,065 Total lease payments 2,755 Less: amount representing interest (606 ) Present value of net lease payments 1 $2,149 1 Total lease payments exclude $ 13 of lease payments for operating leases that were signed but have not yet commenced. The following table includes supplemental information: Six Months Ended August 3, 2019 Cash paid related to operating lease liabilities $177 Operating lease interest 47 Operating lease liabilities arising from obtaining ROU assets 2,282 Cash received from developer reimbursements 35 Amortization of developer reimbursements 38 August 3, 2019 Weighted-average remaining lease term 10 years Weighted-average discount rate 4.7 % Previous Lease Standard Disclosures Before fiscal year 2019, we recognized minimum rent expense, net of developer reimbursements, on a straight-line basis over the minimum lease term from the time we controlled the leased property. For scheduled rent escalation clauses during the lease terms, we recorded minimum rent expense on a straight-line basis over the terms of the leases, with the adjustments accrued as current and non-current deferred rent and included in other current liabilities and other liabilities on our Condensed Consolidated Balance Sheet. Contingent rental payments, typically based on a percentage of sales, were recognized in rent expense primarily in occupancy costs when payment of the contingent rent was probable. The following table summarizes rent expense for the quarter and six months ended August 4, 2018 , before adoption of the Lease Standard: August 4, 2018 Quarter Ended Six Months Ended Minimum rent $78 $159 Percentage rent 3 5 Property incentives (19 ) (40 ) Total rent expense $62 $124 The rent expense above does not include common area maintenance charges, real estate taxes and other executory costs, which were $ 37 for the quarter and $ 74 for the six months ended August 4, 2018 . The following table summarizes future minimum lease payments as of February 2, 2019, before adoption of the Lease Standard: Fiscal year Operating Leases 2019 $322 2020 313 2021 294 2022 271 2023 249 Thereafter 1,160 Total minimum lease payments $2,609

Revenue

Revenue	6 Months Ended
	Aug. 03, 2019
Revenue from Contract with Customer [Abstract]
Revenue	NOTE 3: REVENUE Contract Liabilities Contract liabilities represent our obligation to transfer goods or services to customers and include deferred revenue for The Nordy Club (including loyalty points and Nordstrom Notes) and gift cards. Our contract liabilities are classified as current on the Condensed Consolidated Balance Sheet and 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 Balance as of February 2, 2019 548 Balance as of May 4, 2019 504 Balance as of August 3, 2019 488 Revenues recognized from our beginning contract liability balance were $138 and $231 for the quarter and six months ended August 3, 2019 and $77 and $228 for the quarter and six months ended August 4, 2018 . Disaggregation of Revenue The following table summarizes our disaggregated net sales: Quarter Ended Six Months Ended August 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 Full-Price $2,530 $2,707 $4,657 $4,948 Off-Price 1,248 1,273 2,470 2,502 Total net sales $3,778 $3,980 $7,127 $7,450 Digital sales as a % of total net sales 1 30 % 28 % 31 % 28 % 1 In 2019, we updated our digital sales calculation, including our prior year digital sales calculation for comparability. Although we do not expect the change to be material for the full year, some timing differences will occur between the second and third quarters. The following table summarizes the percent of net sales by merchandise category: Quarter Ended Six Months Ended August 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 Women’s Apparel 32 % 32 % 32 % 33 % Shoes 23 % 23 % 24 % 24 % Men’s Apparel 16 % 17 % 16 % 16 % Women’s Accessories 11 % 11 % 11 % 11 % Beauty 11 % 11 % 11 % 11 % Kids’ Apparel 4 % 4 % 4 % 3 % Other 3 % 2 % 2 % 2 % Total net sales 100 % 100 % 100 % 100 %

Segment Reporting

Segment Reporting	6 Months Ended
	Aug. 03, 2019
Segment Reporting [Abstract]
Segment Reporting	NOTE 4: SEGMENT REPORTING The following table sets forth information for our reportable segment: Quarter Ended Six Months Ended August 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 Retail segment EBIT 1 $272 $304 $414 $512 Corporate/Other loss before interest and income taxes 1 (56 ) (58 ) (122 ) (113 ) Interest expense, net (23 ) (28 ) (46 ) (56 ) Earnings before income taxes $193 $218 $246 $343 1 Certain reclassifications were made to fiscal 2018 amounts to conform with current period presentation, which is the way that management views our results internally. For information about disaggregated revenues, see Note 3: Revenue .

Debt And Credit Facilities

Debt And Credit Facilities	6 Months Ended
	Aug. 03, 2019
Debt Disclosure [Abstract]
Debt And Credit Facilities	NOTE 5: DEBT AND CREDIT FACILITIES Debt A summary of our long-term debt is as follows: August 3, 2019 February 2, 2019 August 4, 2018 Long-term debt, net of unamortized discount: Senior notes, 4.75%, due May 2020 $500 $500 $500 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 147 146 146 Senior notes, 5.00%, due January 2044 896 895 893 Other 1 (14 ) (5 ) 46 Total long-term debt 2,678 2,685 2,734 Less: current portion (500 ) (8 ) (54 ) Total due beyond one year $2,178 $2,677 $2,680 1 Other primarily includes deferred bond issue costs. As of August 4, 2018 , Other also included our Puerto Rico unsecured borrowing facility and secured mortgage payable. Credit Facilities As of August 3, 2019 , we had total short-term borrowing capacity of $800 under the Revolver that expires in September 2023 . The Revolver contains customary representations, warranties, covenants and terms, including paying 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 Revolver by up to $200 , to a total of $1,000 , and two options to extend the Revolver by one year. The Revolver requires that we maintain an adjusted debt to EBITDAR leverage ratio of no more than four times. The Revolver’s ratio calculation methodology has not been impacted by the adoption of the new Lease Standard. As of August 3, 2019 , 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 August 3, 2019 , 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. In September 2018, we fully repaid $47 outstanding on this facility and did not renew the facility upon expiration in the fourth quarter of 2018.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Aug. 03, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 6: 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 Carrying Value Financial instruments measured at carrying 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. Long term-debt is recorded at carrying value. If long-term debt was measured at fair value, we would use quoted market prices of the same or similar issues, which 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: August 3, 2019 February 2, 2019 August 4, 2018 Carrying value of long-term debt $2,678 $2,685 $2,734 Fair value of long-term debt 2,782 2,692 2,797 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 six months ended August 3, 2019 and August 4, 2018 .

Commitments And Contingencies

Commitments And Contingencies	6 Months Ended
	Aug. 03, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	NOTE 7: COMMITMENTS AND CONTINGENCIES Plans for our Nordstrom NYC store, which we expect to open in October 2019, ultimately include owning a condominium interest in a mixed-use tower and leasing certain nearby properties. As of August 3, 2019 , we had approximately $327 of fee interest in land, which is expected to convert to the condominium interest once the mixed-use tower is constructed. We have committed to make future installment payments based on the developer meeting pre-established construction and development milestones.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Aug. 03, 2019
Stockholders' Equity Note [Abstract]
Shareholders' Equity	NOTE 8: SHAREHOLDERS’ EQUITY 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. The following is a summary of share repurchase activity: Quarter Ended Six Months Ended August 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 2018 Program Shares of common stock repurchased — 1.5 4.1 1.8 Aggregate amount of common stock repurchased — $74 $186 $87 We had $707 remaining in share repurchase capacity as of August 3, 2019 . 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 August 2019 , subsequent to quarter end, we declared a quarterly dividend of $0.37 per share, which will be paid on September 16, 2019 to shareholders of record at the close of business on August 30, 2019

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Aug. 03, 2019
Share-based Payment Arrangement, Noncash Expense [Abstract]
Stock-Based Compensation	NOTE 9: STOCK-BASED COMPENSATION In May 2019, our shareholders approved the adoption of the 2019 Plan, which replaced the 2002 Plan and the 2010 Plan. The 2019 Plan authorizes the grant of stock options, PSU, RSUs, stock appreciation rights and both restricted and unrestricted shares of common stock to employees and nonemployee directors. The aggregate number of shares to be issued under the 2019 Plan may not exceed 9.5 plus any shares currently outstanding under the 2010 Plan. No future grants will be made under the 2002 Plan and the 2010 Plan. The following table summarizes our stock-based compensation expense: Quarter Ended Six Months Ended August 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 RSUs $14 $22 $28 $40 Stock options 3 3 7 6 Other 1 3 3 5 5 Total stock-based compensation expense, before income tax benefit 20 28 40 51 Income tax benefit (5 ) (7 ) (10 ) (13 ) Total stock-based compensation expense, net of income tax benefit $15 $21 $30 $38 1 Other stock-based compensation expense includes PSUs, ESPP and nonemployee director stock awards. The following table summarizes our grant allocations: Six Months Ended August 3, 2019 August 4, 2018 Granted Weighted-average grant-date fair value per unit Granted Weighted-average grant-date fair value per unit RSUs 1.1 $41 2.1 $49 Stock options 1.0 $15 — — PSUs 0.3 $42 — — Under our deferred and stock-based compensation plan arrangements, the Company issued 0.3 and 1.4 shares of common stock during the quarter and six months ended August 3, 2019 and 1.2 and 2.3 shares during the quarter and six months ended August 4, 2018 .

Earnings Per Share

Earnings Per Share	6 Months Ended
	Aug. 03, 2019
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 10: EARNINGS PER SHARE The computation of EPS is as follows: Quarter Ended Six Months Ended August 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 Net earnings $141 $162 $177 $249 Basic shares 155.0 167.8 155.0 167.8 Dilutive effect of common stock equivalents 0.6 2.5 0.9 2.5 Diluted shares 155.6 170.3 155.9 170.3 Earnings per basic share $0.91 $0.97 $1.14 $1.48 Earnings per diluted share $0.90 $0.95 $1.14 $1.46 Anti-dilutive common stock equivalents 11.5 5.2 10.4 7.4

Basis Of Presentation (Policies

Basis Of Presentation (Policies)	6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018
Basis of Presentation [Abstract]
Leases	During the first quarter of fiscal 2019, we adopted the Lease Standard using the transition method provided in ASU 2018-11. As a result, reporting periods beginning in the first quarter of 2019 are presented under the Lease Standard while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting under ASC 840 — Leases . Adoption of the Lease Standard did not have a material impact on our Condensed Consolidated Statement of Earnings, Condensed Consolidated Statement of Comprehensive Earnings, Condensed Consolidated Statement of Cash Flows or Condensed Consolidated Statement of Shareholders’ Equity. The impact of adopting the Lease Standard resulted in the following on February 3, 2019: • Increase in total assets and total liabilities of $1,849 primarily due to recognizing ROU assets and operating lease liabilities for most leases previously classified as operating leases. • Reclassification of deferred property incentives, net of $ 568 to ROU assets on the Condensed Consolidated Balance Sheet. • Reclassification of deferred property incentives, net of $ 339 from ROU assets to other current liabilities and other liabilities on the Condensed Consolidated Balance Sheet for property incentives that exceed the associated ROU asset. Property incentives that exceed the associated ROU asset are primarily due to leases with low fixed lease costs that may also have variable lease costs that are excluded from the ROU asset. • Increase in beginning accumulated deficit of $ 25 primarily due to the net impact of removing a building and associated financial obligation from land, property and equipment and long-term debt, net on the Condensed Consolidated Balance Sheet related to a failed sale-leaseback transaction. Upon adoption of the Lease Standard, we record leases, which consist primarily of operating leases, on the Condensed Consolidated Balance Sheet as operating lease ROU assets, current portion of operating lease liabilities and non-current operating lease liabilities. Operating lease liabilities are initially recognized based on the net present value of the fixed portion of our lease and common area maintenance payments from lease commencement through the lease term. To calculate the net present value, we apply an incremental borrowing rate. The incremental borrowing rate is determined using a portfolio approach based on the rate of interest we would pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term. We use quoted interest rates obtained from financial institutions as an input to derive our incremental borrowing rate as the discount rate for the lease. We recognize ROU assets based on operating lease liabilities reduced by property incentives. ROU assets are tested for impairment in the same manner as long-lived assets. We elected the following practical expedients permitted under the Lease Standard: • Upon adoption, we did not reassess our prior conclusions about lease identification, lease classification or initial direct costs, and we did not use hindsight for leases existing at adoption date. • We do not record leases with an initial term of 12 months or less on the balance sheet but continue to expense them on a straight-line basis over the lease term. • We combine lease and non-lease components. We lease the land, buildings, or land and buildings for many of our stores, office facilities and Supply Chain Network facilities. We also lease equipment and have service contracts including transportation agreements and warehouse agreements where we control identified assets such as vehicles, warehouse space and equipment and therefore represent embedded leases under the Lease Standard. The majority of our fixed, non-cancellable lease terms are 15 to 30 years for Nordstrom FLS, approximately 10 years for Nordstrom Rack stores and 5 to 20 years for office facilities and Supply Chain Network facilities. Many of our leases include options that allow us to extend the lease term beyond the initial commitment period. At the commencement of a lease, we generally include only the initial lease term as we have determined that options to extend are not reasonably certain to occur. The exercise of lease renewal options is generally at our sole discretion. At the renewal of an expiring lease, we reassess our options in the agreement and include all reasonably certain extensions in the measurement of our lease term. Most of our leases also require we pay certain expenses, such as common area maintenance charges, real estate taxes and other executory costs, the fixed portion of which is included in Operating Lease Cost. We recognize Operating Lease Cost, which is primarily included in occupancy costs, on a straight-line basis over the lease term. Variable lease cost includes payments for variable common area maintenance charges and additional payments based on a percentage of sales, which are recognized when probable. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.	Before fiscal year 2019, we recognized minimum rent expense, net of developer reimbursements, on a straight-line basis over the minimum lease term from the time we controlled the leased property. For scheduled rent escalation clauses during the lease terms, we recorded minimum rent expense on a straight-line basis over the terms of the leases, with the adjustments accrued as current and non-current deferred rent and included in other current liabilities and other liabilities on our Condensed Consolidated Balance Sheet. Contingent rental payments, typically based on a percentage of sales, were recognized in rent expense primarily in occupancy costs when payment of the contingent rent was probable.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Aug. 03, 2019
Leases [Abstract]
Components Of Lease Cost	The following table summarizes the components of lease cost: August 3, 2019 Quarter Ended Six Months Ended Operating Lease Cost $68 $138 Variable lease cost 1 13 25 Sublease income (2 ) (4 ) Total lease cost $79 $159 1 Variable lease cost includes short-term lease cost, which was immaterial for the quarter and six months ended August 3, 2019 .
Future Lease Payments	The following table summarizes future lease payments as of August 3, 2019 : Fiscal year Operating Leases 2019 (excluding the six months ended August 3, 2019) $154 2020 354 2021 339 2022 314 2023 287 2024 242 Thereafter 1,065 Total lease payments 2,755 Less: amount representing interest (606 ) Present value of net lease payments 1 $2,149 1 Total lease payments exclude $ 13 of lease payments for operating leases that were signed but have not yet commenced.
Supplemental Lease Information	The following table includes supplemental information: Six Months Ended August 3, 2019 Cash paid related to operating lease liabilities $177 Operating lease interest 47 Operating lease liabilities arising from obtaining ROU assets 2,282 Cash received from developer reimbursements 35 Amortization of developer reimbursements 38 August 3, 2019 Weighted-average remaining lease term 10 years Weighted-average discount rate 4.7 %
Schedule Of Rent Expense	The following table summarizes rent expense for the quarter and six months ended August 4, 2018 , before adoption of the Lease Standard: August 4, 2018 Quarter Ended Six Months Ended Minimum rent $78 $159 Percentage rent 3 5 Property incentives (19 ) (40 ) Total rent expense $62 $124
Future Minimum Lease Payments	The following table summarizes future minimum lease payments as of February 2, 2019, before adoption of the Lease Standard: Fiscal year Operating Leases 2019 $322 2020 313 2021 294 2022 271 2023 249 Thereafter 1,160 Total minimum lease payments $2,609

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Aug. 03, 2019
Revenue from Contract with Customer [Abstract]
Summary Of Contract Liabilities	Our contract liabilities are classified as current on the Condensed Consolidated Balance Sheet and 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 Balance as of February 2, 2019 548 Balance as of May 4, 2019 504 Balance as of August 3, 2019 488
Disaggregated Net Sales	The following table summarizes our disaggregated net sales: Quarter Ended Six Months Ended August 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 Full-Price $2,530 $2,707 $4,657 $4,948 Off-Price 1,248 1,273 2,470 2,502 Total net sales $3,778 $3,980 $7,127 $7,450 Digital sales as a % of total net sales 1 30 % 28 % 31 % 28 % 1 In 2019, we updated our digital sales calculation, including our prior year digital sales calculation for comparability. Although we do not expect the change to be material for the full year, some timing differences will occur between the second and third quarters.
Percent Of Net Sales By Merchandise Category Summary	The following table summarizes the percent of net sales by merchandise category: Quarter Ended Six Months Ended August 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 Women’s Apparel 32 % 32 % 32 % 33 % Shoes 23 % 23 % 24 % 24 % Men’s Apparel 16 % 17 % 16 % 16 % Women’s Accessories 11 % 11 % 11 % 11 % Beauty 11 % 11 % 11 % 11 % Kids’ Apparel 4 % 4 % 4 % 3 % Other 3 % 2 % 2 % 2 % Total net sales 100 % 100 % 100 % 100 %

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Aug. 03, 2019
Segment Reporting [Abstract]
Information By Reportable Segment	The following table sets forth information for our reportable segment: Quarter Ended Six Months Ended August 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 Retail segment EBIT 1 $272 $304 $414 $512 Corporate/Other loss before interest and income taxes 1 (56 ) (58 ) (122 ) (113 ) Interest expense, net (23 ) (28 ) (46 ) (56 ) Earnings before income taxes $193 $218 $246 $343 1

Debt And Credit Facilities (Tab

Debt And Credit Facilities (Tables)	6 Months Ended
	Aug. 03, 2019
Debt Disclosure [Abstract]
Summary Of Long-Term Debt	A summary of our long-term debt is as follows: August 3, 2019 February 2, 2019 August 4, 2018 Long-term debt, net of unamortized discount: Senior notes, 4.75%, due May 2020 $500 $500 $500 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 147 146 146 Senior notes, 5.00%, due January 2044 896 895 893 Other 1 (14 ) (5 ) 46 Total long-term debt 2,678 2,685 2,734 Less: current portion (500 ) (8 ) (54 ) Total due beyond one year $2,178 $2,677 $2,680 1 Other primarily includes deferred bond issue costs. As of August 4, 2018 , Other also included our Puerto Rico unsecured borrowing facility and secured mortgage payable.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Aug. 03, 2019
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: August 3, 2019 February 2, 2019 August 4, 2018 Carrying value of long-term debt $2,678 $2,685 $2,734 Fair value of long-term debt 2,782 2,692 2,797

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Aug. 03, 2019
Stockholders' Equity Note [Abstract]
Summary Of Share Repurchase Activity	The following is a summary of share repurchase activity: Quarter Ended Six Months Ended August 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 2018 Program Shares of common stock repurchased — 1.5 4.1 1.8 Aggregate amount of common stock repurchased — $74 $186 $87

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Aug. 03, 2019
Share-based Payment Arrangement, Noncash Expense [Abstract]
Summary Of Stock-Based Compensation Expense	The following table summarizes our stock-based compensation expense: Quarter Ended Six Months Ended August 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 RSUs $14 $22 $28 $40 Stock options 3 3 7 6 Other 1 3 3 5 5 Total stock-based compensation expense, before income tax benefit 20 28 40 51 Income tax benefit (5 ) (7 ) (10 ) (13 ) Total stock-based compensation expense, net of income tax benefit $15 $21 $30 $38 1 Other stock-based compensation expense includes PSUs, ESPP and nonemployee director stock awards.
Summary Of Grants	The following table summarizes our grant allocations: Six Months Ended August 3, 2019 August 4, 2018 Granted Weighted-average grant-date fair value per unit Granted Weighted-average grant-date fair value per unit RSUs 1.1 $41 2.1 $49 Stock options 1.0 $15 — — PSUs 0.3 $42 — —

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Aug. 03, 2019
Earnings Per Share [Abstract]
Computation Of Earnings Per Share	The computation of EPS is as follows: Quarter Ended Six Months Ended August 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 Net earnings $141 $162 $177 $249 Basic shares 155.0 167.8 155.0 167.8 Dilutive effect of common stock equivalents 0.6 2.5 0.9 2.5 Diluted shares 155.6 170.3 155.9 170.3 Earnings per basic share $0.91 $0.97 $1.14 $1.48 Earnings per diluted share $0.90 $0.95 $1.14 $1.46 Anti-dilutive common stock equivalents 11.5 5.2 10.4 7.4

Leases (Components Of Lease Cos

Leases (Components Of Lease Cost) (Details) - USD ($) $ in Millions		3 Months Ended	6 Months Ended
		Aug. 03, 2019	Aug. 03, 2019
Leases [Abstract]
Operating lease cost		$ 68	$ 138
Variable lease cost	[1]	13	25
Sublease income		(2)	(4)
Total lease cost		$ 79	$ 159
[1]	Variable lease cost includes short-term lease cost, which was immaterial for the quarter and six months ended August 3, 2019 .

Leases (Future Lease Payments)

Leases (Future Lease Payments) (Details) $ in Millions	Aug. 03, 2019USD ($)
Leases [Abstract]
2019 (excluding the six months ended August 3, 2019)	$ 154
2020	354
2021	339
2022	314
2023	287
2024	242
Thereafter	1,065
Total lease payments	2,755
Less: amount representing interest	(606)
Present value of net lease payments	2,149	[1]
Lease payments for operating leases that have not yet commenced	$ 13
[1]	Total lease payments exclude $ 13 of lease payments for operating leases that were signed but have not yet commenced.

Leases (Supplemental Lease Info

Leases (Supplemental Lease Information) (Details) $ in Millions	6 Months Ended
	Aug. 03, 2019USD ($)
Leases [Abstract]
Cash paid related to operating lease liabilities	$ 177
Operating lease interest	47
Operating lease liabilities arising from obtaining ROU assets	2,282
Cash received from developer reimbursements	35
Amortization of developer reimbursements	$ 38
Weighted-average remaining lease term	10 years
Weighted-average discount rate	4.70%

Leases (Schedule Of Rent Expens

Leases (Schedule Of Rent Expense) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Aug. 04, 2018	Aug. 04, 2018
Leases [Abstract]
Minimum rent	$ 78	$ 159
Percentage rent	3	5
Property incentives	(19)	(40)
Total rent expense	$ 62	$ 124

Leases (Future Minimum Lease Pa

Leases (Future Minimum Lease Payments) (Details) $ in Millions	Feb. 02, 2019USD ($)
Leases [Abstract]
2019	$ 322
2020	313
2021	294
2022	271
2023	249
Thereafter	1,160
Total minimum lease payments	$ 2,609

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Millions	Feb. 03, 2019	Aug. 04, 2018	Aug. 04, 2018	Aug. 03, 2019
Lessee, Lease, Description [Line Items]
Charges not included in rent expense		$ 37	$ 74
FLS [Member] | Minimum [Member]
Lessee, Lease, Description [Line Items]
Lease terms				15 years
FLS [Member] | Maximum [Member]
Lessee, Lease, Description [Line Items]
Lease terms				30 years
Nordstrom Rack [Member]
Lessee, Lease, Description [Line Items]
Lease terms				10 years
Other facilities [Member] | Minimum [Member]
Lessee, Lease, Description [Line Items]
Lease terms				5 years
Other facilities [Member] | Maximum [Member]
Lessee, Lease, Description [Line Items]
Lease terms				20 years
Assets [Member] | Accounting Standards Update 2016-02 [Member]
Lessee, Lease, Description [Line Items]
Impact of adopting the Lease Standard	$ 1,849
Liabilities, Total [Member] | Accounting Standards Update 2016-02 [Member]
Lessee, Lease, Description [Line Items]
Impact of adopting the Lease Standard	1,849
Reclassification to ROU assets [Member] | Accounting Standards Update 2016-02 [Member]
Lessee, Lease, Description [Line Items]
Impact of adopting the Lease Standard	568
Reclassification to liabilities [Member] | Accounting Standards Update 2016-02 [Member]
Lessee, Lease, Description [Line Items]
Impact of adopting the Lease Standard	339
Accumulated Deficit [Member] | Accounting Standards Update 2016-02 [Member]
Lessee, Lease, Description [Line Items]
Impact of adopting the Lease Standard	$ 25

Revenue (Summary Of Contract Li

Revenue (Summary Of Contract Liabilities) (Details) - USD ($) $ in Millions	Aug. 03, 2019	May 04, 2019	Feb. 02, 2019	Aug. 04, 2018	May 05, 2018	Feb. 04, 2018
Revenue from Contract with Customer [Abstract]
Contract liabilities	$ 488	$ 504	$ 548	$ 445	$ 460	$ 498

Revenue (Disaggregated Net Sale

Revenue (Disaggregated Net Sales) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Disaggregation of Revenue [Line Items]
Net sales		$ 3,778	$ 3,980	$ 7,127	$ 7,450
Disaggregated sales by category		100.00%	100.00%	100.00%	100.00%
Digital Sales [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	[1]	30.00%	28.00%	31.00%	28.00%
Full-Price [Member]
Disaggregation of Revenue [Line Items]
Net sales		$ 2,530	$ 2,707	$ 4,657	$ 4,948
Off-Price [Member]
Disaggregation of Revenue [Line Items]
Net sales		$ 1,248	$ 1,273	$ 2,470	$ 2,502
[1]	In 2019, we updated our digital sales calculation, including our prior year digital sales calculation for comparability. Although we do not expect the change to be material for the full year, some timing differences will occur between the second and third quarters.

Revenue (Percent Of Net Sales B

Revenue (Percent Of Net Sales By Merchandise Category Summary) (Details)	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	100.00%	100.00%	100.00%	100.00%
Women's Apparel [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	32.00%	32.00%	32.00%	33.00%
Shoes [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	23.00%	23.00%	24.00%	24.00%
Men's Apparel [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	16.00%	17.00%	16.00%	16.00%
Women's Accessories [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	11.00%	11.00%	11.00%	11.00%
Beauty [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	11.00%	11.00%	11.00%	11.00%
Kids' Apparel [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	4.00%	4.00%	4.00%	3.00%
Other [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	3.00%	2.00%	2.00%	2.00%

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Revenue from Contract with Customer [Abstract]
Revenue recognized from beginning contract liability balance	$ 138	$ 77	$ 231	$ 228

Segment Reporting (Information

Segment Reporting (Information By Reportable Segment) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Segment Reporting Information [Line Items]
Earnings (loss) before interest and income taxes		$ 216	$ 246	$ 292	$ 399
Interest expense, net		(23)	(28)	(46)	(56)
Earnings before income taxes		193	218	246	343
Retail [Member]
Segment Reporting Information [Line Items]
Earnings (loss) before interest and income taxes	[1]	272	304	414	512
Corporate/Other [Member]
Segment Reporting Information [Line Items]
Earnings (loss) before interest and income taxes	[1]	$ (56)	$ (58)	$ (122)	$ (113)
[1]	Certain reclassifications were made to fiscal 2018 amounts to conform with current period presentation, which is the way that management views our results internally.

Debt And Credit Facilities (Sum

Debt And Credit Facilities (Summary Of Long-Term Debt) (Details) - USD ($) $ in Millions		6 Months Ended		12 Months Ended
		Aug. 03, 2019	Aug. 04, 2018	Feb. 02, 2019
Debt Instrument [Line Items]
Total long-term debt		$ 2,678	$ 2,734	$ 2,685
Less: current portion		(500)	(54)	(8)
Total due beyond one year		2,178	2,680	2,677
Senior notes, 4.75%, due May 2020, net of unamortized discount [Member]
Debt Instrument [Line Items]
Total long-term debt		$ 500	$ 500	$ 500
Debt instrument interest rate		4.75%	4.75%	4.75%
Maturity date		May 2020	May 2020	May 2020
Senior notes, 4.00%, due October 2021, net of unamortized discount [Member]
Debt Instrument [Line Items]
Total long-term debt		$ 500	$ 500	$ 500
Debt instrument interest rate		4.00%	4.00%	4.00%
Maturity date		October 2021	October 2021	October 2021
Senior notes, 4.00%, due March 2027, net of unamortized discount [Member]
Debt Instrument [Line Items]
Total long-term debt		$ 349	$ 349	$ 349
Debt instrument interest rate		4.00%	4.00%	4.00%
Maturity date		March 2027	March 2027	March 2027
Senior debentures, 6.95%, due March 2028, net of unamortized discount [Member]
Debt Instrument [Line Items]
Total long-term debt		$ 300	$ 300	$ 300
Debt instrument interest rate		6.95%	6.95%	6.95%
Maturity date		March 2028	March 2028	March 2028
Senior notes, 7.00%, due January 2038, net of unamortized discount [Member]
Debt Instrument [Line Items]
Total long-term debt		$ 147	$ 146	$ 146
Debt instrument interest rate		7.00%	7.00%	7.00%
Maturity date		January 2038	January 2038	January 2038
Senior notes, 5.00%, due January 2044, net of unamortized discount [Member]
Debt Instrument [Line Items]
Total long-term debt		$ 896	$ 893	$ 895
Debt instrument interest rate		5.00%	5.00%	5.00%
Maturity date		January 2044	January 2044	January 2044
Other [Member]
Debt Instrument [Line Items]
Total long-term debt	[1]	$ (14)	$ 46	$ (5)
[1]	Other primarily includes deferred bond issue costs. As of August 4, 2018 , Other also included our Puerto Rico unsecured borrowing facility and secured mortgage payable.

Debt And Credit Facilities (Nar

Debt And Credit Facilities (Narrative) (Details) $ in Millions	3 Months Ended	6 Months Ended
	Nov. 03, 2018USD ($)	Aug. 03, 2019USD ($)
Debt Instrument [Line Items]
Number of options to extend revolver		2
Unsecured revolving credit facility [Member]
Debt Instrument [Line Items]
Maturity date		September 2023
Option to increase the maximum capacity of revolving credit facility		$ 200
Maximum borrowing capacity with option		$ 1,000
Debt covenant leverage ratio		4
Issuances or borrowings		$ 0
Line of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity with option		$ 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
Commercial paper [Member]
Debt Instrument [Line Items]
Total short-term borrowing capacity		$ 800
Issuances or borrowings		$ 0

Fair Value Measurements (Summar

Fair Value Measurements (Summary Of Carrying Value And Fair Value Estimate Of Long-Term Debt) (Details) - USD ($) $ in Millions	Aug. 03, 2019	Feb. 02, 2019	Aug. 04, 2018
Fair Value Measurements, Long-term Debt [Line Items]
Carrying value of long-term debt	$ 2,678	$ 2,685	$ 2,734
Level 2 [Member]
Fair Value Measurements, Long-term Debt [Line Items]
Fair value of long-term debt	$ 2,782	$ 2,692	$ 2,797

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018
Fair Value Disclosures [Abstract]
Impairment charges	$ 0	$ 0

Commitments And Contingencies (

Commitments And Contingencies (Narrative) (Details) $ in Millions	Aug. 03, 2019USD ($)
Manhattan full-line store [Member]
Property Assets Subject to Lien [Line Items]
Fee interest in land	$ 327

Shareholders' Equity (Summary o

Shareholders' Equity (Summary of Share Repurchase Activity) (Details) - 2018 Program [Member] - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Share Repurchase Program [Line Items]
Shares of common stock repurchased	0	1.5	4.1	1.8
Aggregate amount of common stock repurchased	$ 0	$ 74	$ 186	$ 87

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended
	Sep. 04, 2019	Aug. 03, 2019
Retained Earnings Adjustments [Line Items]
Remaining share repurchase capacity		$ 707
Subsequent Event [Member]
Retained Earnings Adjustments [Line Items]
Quarterly dividend declared and paid in subsequent quarter	$ 0.37
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		6 Months Ended
		Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit		$ 20	$ 28	$ 40	$ 51
Income tax benefit		(5)	(7)	(10)	(13)
Total stock-based compensation expense, net of income tax benefit		15	21	30	38
RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit		14	22	28	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	3	7	6
Other [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	[1]	$ 3	$ 3	$ 5	$ 5
[1]	Other stock-based compensation expense includes PSUs, ESPP and nonemployee director stock awards.

Stock-Based Compensation (Sum_2

Stock-Based Compensation (Summary Of Grants) (Details) - $ / shares shares in Millions	6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares)	1	0
Weighted-average grant-date fair value per stock option (in dollars per share)	$ 15	$ 0
RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	1.1	2.1
Weighted-average grant-date fair value per unit (in dollars per share)	$ 41	$ 49
PSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	0.3	0
Weighted-average grant-date fair value per unit (in dollars per share)	$ 42	$ 0

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of common stock under stock compensation plans (in shares)	0.3	1.2	1.4	2.3
2019 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares or units authorized under equity incentive plan	9.5		9.5
2002 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares or units available for grant under equity incentive plan	0		0
2010 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares or units available for grant under equity incentive plan	0		0

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		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Earnings Per Share [Abstract]
Net earnings	$ 141	$ 162	$ 177	$ 249
Basic shares (in shares)	155	167.8	155	167.8
Dilutive effect of common stock equivalents (in shares)	0.6	2.5	0.9	2.5
Diluted shares (in shares)	155.6	170.3	155.9	170.3
Earnings per basic share (in dollars per share)	$ 0.91	$ 0.97	$ 1.14	$ 1.48
Earnings per diluted share (in dollars per share)	$ 0.90	$ 0.95	$ 1.14	$ 1.46
Anti-dilutive common stock equivalents (in shares)	11.5	5.2	10.4	7.4