Foot Locker (FL) 10-Q 9 Dec 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Oct. 31, 2015	Nov. 27, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	FL
Entity Registrant Name	FOOT LOCKER INC
Entity Central Index Key	850,209
Current Fiscal Year End Date	--01-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		137,261,732

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Oct. 31, 2015	Jan. 31, 2015	[1]	Nov. 01, 2014
Current assets
Cash and cash equivalents		$ 878	$ 967		$ 916
Merchandise inventories		1,336	1,250		1,324
Other current assets		277	239		244
Assets, Current, Total		2,491	2,456		2,484
Property and equipment, net		664	620		613
Deferred taxes		256	221		237
Goodwill		156	157		160
Other intangible assets, net	[2]	46	49		56
Other assets		82	74		68
Total Assets		3,695	3,577		3,618
Current liabilities
Accounts payable		258	301		287
Accrued and other liabilities		401	393		358
Current portion of capital lease obligations		1	2		3
Liabilities, Current, Total		660	696		648
Long-term debt and obligations under capital leases		130	132		132
Other liabilities		358	253		236
Total liabilities		1,148	1,081		1,016
Shareholders' equity
Common stock and paid-in capital: 173,333,777; 170,469,434 and 170,529,401 shares, respectively		1,099	979		971
Retained earnings		3,058	2,780		2,665
Accumulated other comprehensive loss		(343)	(319)		(221)
Less: Treasury stock at cost: 34,772,045; 27,323,176 and 29,665,213 shares, respectively		(1,267)	(944)		(813)
Total shareholders' equity		2,547	2,496		2,602
Liabilites and Shareholders' Equity, Total		$ 3,695	$ 3,577		$ 3,618
[1]	The balance sheet at January 31, 2015 has been derived from the previously reported audited financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended January 31, 2015.
[2]	The change in the ending balances also reflects the effect of foreign currency fluctuations due primarily to the movements of the euro in relation to the U.S. dollar.

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Oct. 31, 2015	Jan. 31, 2015	Nov. 01, 2014
Common Stock, Shares, Issued	173,333,777	170,529,401	170,469,434
Treasury Stock, Shares	34,772,045	29,665,213	27,323,176

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions		3 Months Ended		9 Months Ended
		Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Sales		$ 1,794	$ 1,731	$ 5,405	$ 5,240
Cost of sales		1,187	1,157	3,575	3,495
Selling, general and administrative expenses		352	353	1,028	1,051
Depreciation and amortization		38	34	109	106
Litigation and impairment charges		100	0	100	3
Interest expense, net		1	1	3	3
Other income, net	[1]	(1)	(1)	(2)	(3)
Costs and Expenses, Total		1,677	1,544	4,813	4,655
Income before income taxes		117	187	592	585
Income tax expense		37	67	209	211
Net income		$ 80	$ 120	$ 383	$ 374
Basic earnings per share:
Net income (in dollars per share)		$ 0.57	$ 0.84	$ 2.74	$ 2.59
Weighted-average common shares outstanding		139.3	143.6	139.6	144.5
Diluted earnings per share:
Net income (in dollars per share)		$ 0.57	$ 0.82	$ 2.71	$ 2.55
Weighted-average common shares assuming dilution		140.9	145.7	141.4	146.6
[1]	Other income includes non-operating items, such as lease termination gains, royalty income, and the changes in fair value, premiums paid, and realized gains associated with foreign currency option contracts.

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Net income	$ 80	$ 120	$ 383	$ 374
Foreign currency translation adjustment:
Translation adjustment arising during the period, net of income tax	(10)	(42)	(32)	(42)
Cash flow hedges:
Change in fair value of derivatives, net of income tax	2	1	1	1
Pension and postretirement adjustments:
Amortization of net actuarial gain/loss included in net periodic benefit costs, net of income tax expense of $1, $2, $3, and $4 million, respectively	3	2	7	6
Comprehensive income	$ 75	$ 81	$ 359	$ 339

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Amortization of net actuarial gain/loss included in net periodic benefit costs, net of income tax expense	$ 1	$ 2	$ 3	$ 4

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Oct. 31, 2015		Nov. 01, 2014
From Operating Activities:
Net income	$ 383		$ 374
Adjustments to reconcile net income to net cash provided by operating activities:
Non-cash impairment charge	0		3
Depreciation and amortization	109		106
Share-based compensation expense	17		18
Qualified pension plan contributions	(4)		(2)
Excess tax benefits on share-based compensation	(33)		(11)
Change in assets and liabilities:
Merchandise inventories	(96)		(124)
Accounts payable	(39)		28
Accrued and other liabilities	(12)		(7)
Other, net	89		54
Net cash provided by operating activities	414		439
From Investing Activities:
Capital expenditures	(173)		(138)
Acquisition, net of cash acquired	(1)		0
Sales and maturities of short-term investments	0		9
Net cash used in investing activities	(174)		(129)
From Financing Activities:
Purchase of treasury shares	(316)		(174)
Dividends paid on common stock	(105)		(96)
Issuance of common stock	63		17
Treasury stock issued under employee stock purchase plan	5		5
Excess tax benefits on share-based compensation	33		11
Repayments of obligations under capital leases	(2)		(3)
Net cash used in financing activities	(322)		(240)
Effect of exchange rate fluctuations on Cash and Cash Equivalents	(7)		(12)
Net change in Cash and Cash Equivalents	(89)		58
Cash and Cash Equivalents at beginning of year	967	[1]	858
Cash and Cash Equivalents at end of interim period	878		916
Cash paid during the period:
Interest	5		5
Income taxes	$ 240		$ 200
[1]	The balance sheet at January 31, 2015 has been derived from the previously reported audited financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended January 31, 2015.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Oct. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	1. Summary of Significant Accounting Policies The accompanying condensed consolidated financial statements contained in this report are unaudited. In the opinion of management, the condensed consolidated financial statements include all adjustments, which are of a normal recurring nature, necessary for a fair presentation of the results for the interim periods of the fiscal year ending January 30, 2016 and of the fiscal year ended January 31, 2015. Certain items included in these statements are based on management’s estimates. Actual results may differ from those estimates. The results of operations for any interim period are not necessarily indicative of the results expected for the year. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Notes to Consolidated Financial Statements contained in Foot Locker, Inc.’s (the “Company”) Form 10-K for the year ended January 31, 2015, as filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 30, 2015. In November 2015, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes. Other recently issued accounting pronouncements did not, or are not believed by management to, have a material effect on the Company’s present or future consolidated financial statements.

Acquisitions

Acquisitions	9 Months Ended
	Oct. 31, 2015
Business Combinations [Abstract]
Acquisition	2. Acquisitions On August 3, 2015, the Company completed an insignificant asset acquisition from Futura Sport AG for total consideration of $ 2 1 1 10

Segment Information

Segment Information	9 Months Ended
	Oct. 31, 2015
Segment Reporting [Abstract]
Segment Information	3. Segment Information The Company has determined that its reportable segments are those that are based on its method of internal reporting. The Company has two reportable segments, Athletic Stores and Direct-to-Customers. The Company evaluates performance based on several factors, of which the primary financial measure is division results. Thirteen weeks ended Thirty-nine weeks ended October 31, November 1, October 31, November 1, 2015 2014 2015 2014 ($ in millions) Sales Athletic Stores $ 1,571 $ 1,521 $ 4,755 $ 4,646 Direct-to-Customers 223 210 650 594 Total sales $ 1,794 $ 1,731 $ 5,405 $ 5,240 Thirteen weeks ended Thirty-nine weeks ended October 31, November 1, October 31, November 1, 2015 2014 2015 2014 ($ in millions) Operating Results Athletic Stores (1) $ 206 $ 181 $ 649 $ 577 Direct-to-Customers (2) 31 25 98 67 Division profit 237 206 747 644 Less: Litigation charge (3) 100 — 100 — Corporate expense, net 20 19 54 59 Operating profit 117 187 593 585 Other income (4) 1 1 2 3 Interest expense, net 1 1 3 3 Income before income taxes $ 117 $ 187 $ 592 $ 585 (1) Included in the thirty-nine weeks ended November 1, 2014 is a non-cash impairment charge of $ 1 (2) Included in the thirty-nine weeks ended November 1, 2014 is a $ 2 (3) Included in the thirteen and thirty-nine weeks ended October 31, 2015 is a pre-tax litigation charge of $ 100 Legal Proceedings (4) Other income includes non-operating items, such as lease termination gains, royalty income, and the changes in fair value, premiums paid, and realized gains associated with foreign currency option contracts.

Goodwill

Goodwill	9 Months Ended
	Oct. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	4. Goodwill Annually during the first quarter, or more frequently if impairment indicators arise, the Company reviews goodwill and intangible assets with indefinite lives for impairment. The annual review of goodwill and intangible assets with indefinite lives performed during the first quarter of 2015 did not result in the recognition of impairment. The following table provides a summary of goodwill by reportable segment. October 31, November 1, January 31, 2015 2014 2015 ($ in millions) Athletic Stores $ 17 $ 19 $ 17 Direct-to-Customers 139 141 140 $ 156 $ 160 $ 157

Other Intangible Assets, net

Other Intangible Assets, net	9 Months Ended
	Oct. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Other Intangible Assets, net	5. Other Intangible Assets, net October 31, 2015 November 1, 2014 January 31, 2015 ($ in millions) Gross Accum. Net Gross Accum. Net Gross Accum. Net Amortized intangible assets: (1), (2) Lease acquisition costs $ 119 $ (109) $ 10 $ 143 $ (129) $ 14 $ 128 $ (116) $ 12 Trademarks 21 (12) 9 21 (11) 10 21 (12) 9 Favorable leases 7 (4) 3 7 (4) 3 7 (4) 3 $ 147 $ (125) $ 22 $ 171 $ (144) $ 27 $ 156 $ (132) $ 24 October 31, 2015 November 1, 2014 January 31, 2015 ($ in millions) Gross Accum. Net Gross Accum. Net Gross Accum. Net Indefinite life intangible assets: (1) Runners Point Group trademarks 24 28 25 Other trademarks — 1 — $ 24 $ 29 $ 25 Other intangible assets, net $ 46 $ 56 $ 49 (1) The change in the ending balances also reflects the effect of foreign currency fluctuations due primarily to the movements of the euro in relation to the U.S. dollar. (2) During 2014, the Company exited the CCS e-commerce business; as such, the fully amortized customer relationship intangible of $ 21 For the thirty-nine week period ended October 31, 2015, activity included amortization of $ 3 1 8 Thirteen weeks ended Thirty-nine weeks ended October 31, November 1, October 31, November 1, ($ in millions) 2015 2014 2015 2014 Amortization expense $ 1 $ 2 $ 3 $ 5 ($ in millions) Remainder of 2015 $ 1 2016 4 2017 3 2018 3 2019 3 2020 3

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Oct. 31, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	6. Accumulated Other Comprehensive Loss October 31, November 1, January 31, 2015 2014 2015 ($ in millions) Foreign currency translation adjustments $ (107) $ 15 $ (75) Cash flow hedges (2) (1) (3) Unrecognized pension cost and postretirement benefit (233) (234) (240) Unrealized loss on available-for-sale security (1) (1) (1) $ (343) $ (221) $ (319) ($ in millions) Foreign Cash flow Items related to Unrealized loss Total Balance as of January 31, 2015 $ (75) (3) (240) (1) $ (319) OCI before reclassification (32) 1 1 — (30) Reclassified from AOCL — — 6 — 6 Other comprehensive income/(loss) (32) 1 7 — (24) Balance as of October 31, 2015 $ (107) (2) (233) (1) $ (343) ($ in millions) Amortization of actuarial (gain) loss: Pension benefits - amortization of actuarial loss $ 10 Postretirement benefits - amortization of actuarial gain (1) Net periodic benefit cost (see Note 10) 9 Income tax benefit (3) Net of tax $ 6

Financial Instruments

Financial Instruments	9 Months Ended
	Oct. 31, 2015
Derivative Instruments and Hedges, Assets [Abstract]
Financial Instruments	7. Financial Instruments The Company operates internationally and utilizes certain derivative financial instruments to mitigate its foreign currency exposures, primarily related to third-party and intercompany forecasted transactions. As a result of the use of derivative instruments, the Company is exposed to the risk that counterparties will fail to meet their contractual obligations. To mitigate this counterparty credit risk, the Company has a practice of entering into contracts only with major financial institutions selected based upon their credit ratings and other financial factors. The Company monitors the creditworthiness of counterparties throughout the duration of the derivative instrument. Additional information is contained within Note 8, Fair Value Measurements Derivative Holdings Designated as Hedges For a derivative to qualify as a hedge at inception and throughout the hedged period, the Company formally documents the nature of the hedged items and the relationships between the hedging instruments and the hedged items, as well as its risk-management objectives, strategies for undertaking the various hedge transactions, and the methods of assessing hedge effectiveness and ineffectiveness. In addition, for hedges of forecasted transactions, the significant characteristics and expected terms of a forecasted transaction must be specifically identified, and it must be probable that each forecasted transaction would occur. If it were deemed probable that the forecasted transaction would not occur, the gain or loss on the derivative instrument would be recognized in earnings immediately. No such gains or losses were recognized in earnings for any of the periods presented. Derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged, both at inception and throughout the hedged period, which management evaluates periodically. The primary currencies to which the Company is exposed are the euro, British pound, Canadian dollar, and Australian dollar. For the most part, merchandise inventories are purchased by each geographic area in their respective local currency. The exception to this is the United Kingdom, whose merchandise inventory purchases are denominated in euros. For option and foreign exchange forward contracts designated as cash flow hedges of the purchase of inventory, the effective portion of gains and losses is deferred as a component of AOCL and is recognized as a component of cost of sales when the related inventory is sold. The amount reclassified to cost of sales related to such contracts was not significant for any of the periods presented. The effective portion of gains or losses associated with other forward contracts is deferred as a component of AOCL until the underlying transaction is reported in earnings. The ineffective portion of gains and losses related to cash flow hedges recorded to earnings was also not significant for any of the periods presented. When using a forward contract as a hedging instrument, the Company excludes the time value of the contract from the assessment of effectiveness. At each quarter-end, substantially all of the Company’s hedged forecasted transactions are less than twelve months, and the Company expects substantially all derivative-related amounts reported in AOCL to be reclassified to earnings within twelve months. The net change in the fair value of the foreign exchange derivative financial instruments designated as cash flow hedges of the purchase of inventory was a gain of $ 2 1 93 Derivative Holdings Not Designated as Hedges The Company enters into foreign exchange forward contracts that are not designated as hedges in order to manage the costs of foreign-currency denominated merchandise purchases and intercompany transactions. Changes in the fair value of these foreign exchange forward contracts are recorded in earnings immediately within selling, general and administrative expenses. The net change in fair value resulted in expense of $3 million and $1 million for the thirteen and thirty-nine weeks ended October 31, 2015, respectively. The net change in fair value was not significant for the thirteen weeks ended November 1, 2014 and resulted in $1 million of income for the thirty-nine weeks ended November 1, 2014. The notional value of the foreign exchange contracts not designed as hedges outstanding at October 31, 2015 was $ 15 The Company mitigates the effect of fluctuating foreign exchange rates on the reporting of foreign-currency denominated earnings by entering into currency option contracts. Changes in the fair value of these foreign currency option contracts, which are not designated as hedges, are recorded in earnings immediately within other income. The realized gains, premiums paid, and changes in the fair market value recorded were not significant for the thirteen and thirty-nine weeks ended October 31, 2015. The realized gain was $ 1 Additionally, the Company enters into diesel fuel forward and option contracts to mitigate a portion of the Company’s freight expense due to the variability caused by fuel surcharges imposed by our third-party freight carriers. Changes in the fair value of these contracts are recorded in earnings immediately. The effect was not significant for any of the periods presented. The notional value of the diesel fuel forward contracts outstanding at October 31, 2015 was $ 1 Fair Value of Derivative Contracts The following represents the fair value of the Company’s derivative contracts. Many of the Company’s agreements allow for a netting arrangement. Balance Sheet October 31, November 1, January 31, ($ in millions) Caption 2015 2014 2015 Hedging Instruments: Foreign exchange forward contracts Current liabilities $ 3 $ 2 $ 4 Non-Hedging Instruments: Foreign exchange forward contracts Current assets $ 2 $ — $ — Foreign exchange forward contracts Current liabilities $ 3 $ — $ 1

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Oct. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	8. Fair Value Measurements The Company’s financial assets recorded at fair value are categorized as follows: Level 1 – Quoted prices for identical instruments in active markets. Level 2 Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs or significant value-drivers are observable in active markets. Level 3 – Model-derived valuations in which one or more significant inputs or significant value-drivers are unobservable. At October 31, 2015 At November 1, 2014 At January 31, 2015 ($ in millions) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets Auction rate security — 6 — — 6 — — 6 — Total Assets $ — $ 6 $ — $ — $ 6 $ — $ — $ 6 $ — Liabilities Foreign exchange forward contracts — 4 — — 2 — — 5 — Total Liabilities $ — $ 4 $ — $ — $ 2 $ — $ — $ 5 $ — Securities classified as available-for-sale are recorded at fair value with unrealized gains and losses reported, net of tax, in other comprehensive income, unless unrealized losses are determined to be other than temporary. The fair value of the auction rate security is determined by using quoted prices for similar instruments in active markets and accordingly is classified as a Level 2 instrument. The Company’s derivative financial instruments are valued using market-based inputs to valuation models. These valuation models require a variety of inputs, including contractual terms, market prices, yield curves, and measures of volatility and, therefore, are classified as Level 2 instruments. There were no transfers into or out of Level 1, Level 2, or Level 3 assets and liabilities for any of the periods presented. October 31, November 1, January 31, 2015 2014 2015 ($ in millions) Carrying value $ 131 $ 135 $ 134 Fair value $ 157 $ 161 $ 163 The fair value of long-term debt is determined by using model-derived valuations in which all significant inputs or significant value drivers are observable in active markets and, therefore, are classified as Level 2. The carrying values of cash and cash equivalents and other current receivables and payables approximate their fair value.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Oct. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	9. Earnings Per Share The Company accounts for and discloses earnings per share using the treasury stock method. Basic earnings per share is computed by dividing reported net income for the period by the weighted-average number of common shares outstanding at the end of the period. Restricted stock awards, which contain non-forfeitable rights to dividends, are considered participating securities and are included in the calculation of basic earnings per share. Diluted earnings per share reflects the weighted-average number of common shares outstanding during the period used in the basic earnings per share computation plus dilutive common stock equivalents. Thirteen weeks ended Thirty-nine weeks ended October 31, November 1, October 31, November 1, 2015 2014 2015 2014 ($ in millions) Weighted-average common shares outstanding 139.3 143.6 139.6 144.5 Effect of Dilution: Stock options and awards 1.6 2.1 1.8 2.1 Weighted-average common shares assuming dilution 140.9 145.7 141.4 146.6 The number of options excluded from the computation was not significant for the thirteen weeks ended October 31, 2015, and was 0.6 0.3 0.4

Pension and Postretirement Plan

Pension and Postretirement Plans	9 Months Ended
	Oct. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Pension and Postretirement Plans	10. Pension and Postretirement Plans The Company has defined benefit pension plans covering certain of its North American employees, which are funded in accordance with the provisions of the laws where the plans are in effect. In addition, the Company has a defined benefit pension plan covering certain individuals of the Runners Point Group. In addition to providing pension benefits, the Company sponsors postretirement medical and life insurance plans, which are available to most of its retired U.S. employees. These medical and life insurance plans are contributory and are not funded. Pension Benefits Postretirement Benefits Thirteen weeks Thirty-nine weeks Thirteen weeks Thirty-nine weeks ended ended ended ended October 31, November 1, October 31, November 1, October 31, November 1, October 31, November 1, ($ in millions) 2015 2014 2015 2014 2015 2014 2015 2014 Service cost $ 5 $ 3 $ 13 $ 11 $ — $ — $ — $ — Interest cost 6 7 18 21 — — 1 — Expected return on plan assets (10) (9) (29) (28) — — — — Amortization of net loss (gain) 3 5 10 12 — (1) (1) (2) Net benefit expense (income) $ 4 $ 6 $ 12 $ 16 $ — $ (1) $ — $ (2) On August 14, 2015, the Company made a contribution of $ 4 Legal Proceedings,

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Oct. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	11. Share-Based Compensation Thirteen weeks ended Thirty-nine weeks ended October 31, November 1, October 31, November 1, 2015 2014 2015 2014 ($ in millions) Options and shares purchased under the employee stock purchase plan $ 3 $ 3 $ 9 $ 9 Restricted stock and restricted stock units 3 3 8 9 Total share-based compensation expense $ 6 $ 6 $ 17 $ 18 Tax benefit recognized $ 3 $ 1 $ 6 $ 5 Excess income tax benefit from settled equity-classified share-based awards reported as a cash flow from financing activities $ 33 $ 11 Valuation Model and Assumptions The Company uses a Black-Scholes option-pricing model to estimate the fair value of share-based awards. The Black-Scholes option-pricing model incorporates various and highly subjective assumptions, including expected term and expected volatility. Stock Option Plans Stock Purchase Plan October 31, November 1, October 31, November 1, 2015 2014 2015 2014 Weighted-average risk free rate of interest 1.52 % 2.12 % 0.22 % 0.14 % Expected volatility 30 % 39 % 24 % 24 % Weighted-average expected award life 6.0 years 6.1 years 1.0 year 1.0 year Dividend yield 1.61 % 2.0 % 1.7 % 2.0 % Weighted-average fair value $ 16.07 $ 14.91 $ 10.20 $ 7.11 Shares Weighted- Weighted-Average (in thousands, except price per share and Options outstanding at the beginning of the year 5,569 $ 25.89 Granted 694 62.29 Exercised (2,447) 25.64 Expired or cancelled (55) 48.68 Options outstanding at October 31, 2015 3,761 6.3 $ 32.44 Options exercisable at October 31, 2015 2,531 5.1 $ 22.13 Options vested and expected to vest at October 31, 2015 3,720 6.3 $ 32.17 Options available for future grant at October 31, 2015 13,037 Thirteen weeks ended Thirty-nine weeks ended October 31, November 1, October 31, November 1, 2015 2014 2015 2014 ($ in millions) Exercised $ 31 $ 6 $ 96 $ 21 Thirty-nine weeks ended October 31, November 1, 2015 2014 ($ in millions) Outstanding $ 133 $ 170 Outstanding and exercisable $ 116 $ 138 Vested and expected to vest $ 133 $ 169 As of October 31, 2015 there was $ 9 1.5 The cash received from option exercises for the thirteen and thirty-nine weeks ended October 31, 2015 was $ 25 63 4 17 12 37 2 7 Options Outstanding Options Exercisable Weighted- Weighted- Weighted- Range of Exercise Number Remaining Exercise Number Exercise Prices Outstanding Contractual Life Price Exercisable Price (in thousands, except prices per share and contractual life) $9.85 to $18.80 870 3.9 $ 13.28 870 $ 13.28 $18.84 to $24.75 899 4.8 $ 19.81 899 $ 19.81 $30.92 to $36.59 790 6.7 $ 32.84 616 $ 32.44 $45.08 to $73.21 1,202 8.9 $ 55.47 146 $ 45.70 3,761 6.3 $ 32.44 2,531 $ 22.13 Restricted Stock and Restricted Stock Units Restricted shares of the Company’s common stock and restricted stock units (“RSU”) may be awarded to certain officers and key employees of the Company. RSU awards generally are made to executives outside of the United States and to nonemployee directors. Additionally, RSU awards are made in connection with the Company’s long-term incentive program. Each RSU represents the right to receive one share of the Company’s common stock provided that the vesting conditions are satisfied. There were 588,308 734,295 Generally, awards fully vest after the passage of time, typically three years. However, RSU awards made in connection with the Company’s long-term incentive program vest after the attainment of both certain performance metrics and the passage of time Compensation expense is recognized using the fair market value at the date of grant and is amortized over the vesting period, provided the recipient continues to be employed by the Company. Weighted-Average Grant Date Fair Number of Shares Value per Share (in thousands, except price per share) Nonvested at the beginning of the year 1,038 $ 37.96 Granted 154 63.72 Vested (312) 32.33 Expired or cancelled (68) 37.97 Nonvested at October 31, 2015 812 $ 45.02 Aggregate value ($ in millions) $ 37 Weighted-average remaining contractual life (in years) 1.1 years The weighted grant-date fair value per share was $ 63.72 45.24 10 14 12

Legal Proceedings

Legal Proceedings	9 Months Ended
	Oct. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	12. Legal Proceedings Legal proceedings pending against the Company or its consolidated subsidiaries consist of ordinary, routine litigation, including administrative proceedings, incidental to the business of the Company or businesses that have been sold or disposed of by the Company in past years. These legal proceedings include commercial, intellectual property, customer, environmental, and employment-related claims. The Company and the Company’s U.S. retirement plan are defendants in a class action ( Osberg v. Foot Locker Inc. 100 200 100 61 Certain of the Company’s subsidiaries were defendants in a number of lawsuits filed in state and federal courts containing various class action allegations under federal or state wage and hour laws, including allegations concerning unpaid overtime, meal and rest breaks, and uniforms. In Pereira v. Foot Locker Pereira Hill v. Foot Locker Kissinger v. Foot Locker Cortes v. Foot Locker Pereira In re Foot Locker, Inc Fair Labor Standards Act and Wage and Hour Litigation Hill Cortes Kissinger Management does not believe that the outcome of any such legal proceedings pending against the Company or its consolidated subsidiaries, including Osberg

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements contained in this report are unaudited. In the opinion of management, the condensed consolidated financial statements include all adjustments, which are of a normal recurring nature, necessary for a fair presentation of the results for the interim periods of the fiscal year ending January 30, 2016 and of the fiscal year ended January 31, 2015. Certain items included in these statements are based on management’s estimates. Actual results may differ from those estimates. The results of operations for any interim period are not necessarily indicative of the results expected for the year. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Notes to Consolidated Financial Statements contained in Foot Locker, Inc.’s (the “Company”) Form 10-K for the year ended January 31, 2015, as filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 30, 2015.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In November 2015, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes. Other recently issued accounting pronouncements did not, or are not believed by management to, have a material effect on the Company’s present or future consolidated financial statements.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Oct. 31, 2015
Segment Reporting [Abstract]
Sales and Division Operating Results for Reportable Segments	Division profit reflects income before income taxes, pension litigation charge, corporate expense, non-operating income, and net interest expense. Thirteen weeks ended Thirty-nine weeks ended October 31, November 1, October 31, November 1, 2015 2014 2015 2014 ($ in millions) Sales Athletic Stores $ 1,571 $ 1,521 $ 4,755 $ 4,646 Direct-to-Customers 223 210 650 594 Total sales $ 1,794 $ 1,731 $ 5,405 $ 5,240 Thirteen weeks ended Thirty-nine weeks ended October 31, November 1, October 31, November 1, 2015 2014 2015 2014 ($ in millions) Operating Results Athletic Stores (1) $ 206 $ 181 $ 649 $ 577 Direct-to-Customers (2) 31 25 98 67 Division profit 237 206 747 644 Less: Litigation charge (3) 100 — 100 — Corporate expense, net 20 19 54 59 Operating profit 117 187 593 585 Other income (4) 1 1 2 3 Interest expense, net 1 1 3 3 Income before income taxes $ 117 $ 187 $ 592 $ 585 (1) Included in the thirty-nine weeks ended November 1, 2014 is a non-cash impairment charge of $ 1 (2) Included in the thirty-nine weeks ended November 1, 2014 is a $ 2 (3) Included in the thirteen and thirty-nine weeks ended October 31, 2015 is a pre-tax litigation charge of $ 100 Legal Proceedings (4) Other income includes non-operating items, such as lease termination gains, royalty income, and the changes in fair value, premiums paid, and realized gains associated with foreign currency option contracts.

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Oct. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	The change in the balance primarily represents foreign currency exchange fluctuations. October 31, November 1, January 31, 2015 2014 2015 ($ in millions) Athletic Stores $ 17 $ 19 $ 17 Direct-to-Customers 139 141 140 $ 156 $ 160 $ 157

Other Intangible Assets, net (T

Other Intangible Assets, net (Tables)	9 Months Ended
	Oct. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Components of Finite-Lived Intangible Assets and Intangible Assets Not Subject to Amortization	The components of finite-lived intangible assets and intangible assets not subject to amortization are as follows: October 31, 2015 November 1, 2014 January 31, 2015 ($ in millions) Gross Accum. Net Gross Accum. Net Gross Accum. Net Amortized intangible assets: (1), (2) Lease acquisition costs $ 119 $ (109) $ 10 $ 143 $ (129) $ 14 $ 128 $ (116) $ 12 Trademarks 21 (12) 9 21 (11) 10 21 (12) 9 Favorable leases 7 (4) 3 7 (4) 3 7 (4) 3 $ 147 $ (125) $ 22 $ 171 $ (144) $ 27 $ 156 $ (132) $ 24 October 31, 2015 November 1, 2014 January 31, 2015 ($ in millions) Gross Accum. Net Gross Accum. Net Gross Accum. Net Indefinite life intangible assets: (1) Runners Point Group trademarks 24 28 25 Other trademarks — 1 — $ 24 $ 29 $ 25 Other intangible assets, net $ 46 $ 56 $ 49 (1) The change in the ending balances also reflects the effect of foreign currency fluctuations due primarily to the movements of the euro in relation to the U.S. dollar. (2) During 2014, the Company exited the CCS e-commerce business; as such, the fully amortized customer relationship intangible of $ 21
Amortization Expense	This was partially offset by $ 1 8 Thirteen weeks ended Thirty-nine weeks ended October 31, November 1, October 31, November 1, ($ in millions) 2015 2014 2015 2014 Amortization expense $ 1 $ 2 $ 3 $ 5
Estimated Future Expected Amortization Expense for Finite Life Intangible Assets	Estimated future amortization expense for finite life intangible assets is as follows: ($ in millions) Remainder of 2015 $ 1 2016 4 2017 3 2018 3 2019 3 2020 3

Accumulated Other Comprehensi24

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Oct. 31, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	Accumulated other comprehensive loss (“AOCL”), net of tax, is comprised the following: October 31, November 1, January 31, 2015 2014 2015 ($ in millions) Foreign currency translation adjustments $ (107) $ 15 $ (75) Cash flow hedges (2) (1) (3) Unrecognized pension cost and postretirement benefit (233) (234) (240) Unrealized loss on available-for-sale security (1) (1) (1) $ (343) $ (221) $ (319)
Changes in Accumulated Other Comprehensive Loss	The changes in AOCL for the thirty-nine weeks ended October 31, 2015 were as follows: ($ in millions) Foreign Cash flow Items related to Unrealized loss Total Balance as of January 31, 2015 $ (75) (3) (240) (1) $ (319) OCI before reclassification (32) 1 1 — (30) Reclassified from AOCL — — 6 — 6 Other comprehensive income/(loss) (32) 1 7 — (24) Balance as of October 31, 2015 $ (107) (2) (233) (1) $ (343)
Reclassification from Accumulated Other Comprehensive Loss	Reclassifications from AOCL for the thirty-nine weeks ended October 31, 2015 were as follows: ($ in millions) Amortization of actuarial (gain) loss: Pension benefits - amortization of actuarial loss $ 10 Postretirement benefits - amortization of actuarial gain (1) Net periodic benefit cost (see Note 10) 9 Income tax benefit (3) Net of tax $ 6

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Oct. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value of Derivative Contracts on Gross Basis, by Type of Contract	The following is presented on a gross basis, by type of contract: Balance Sheet October 31, November 1, January 31, ($ in millions) Caption 2015 2014 2015 Hedging Instruments: Foreign exchange forward contracts Current liabilities $ 3 $ 2 $ 4 Non-Hedging Instruments: Foreign exchange forward contracts Current assets $ 2 $ — $ — Foreign exchange forward contracts Current liabilities $ 3 $ — $ 1

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Oct. 31, 2015
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables provide a summary of the Company’s recognized assets and liabilities that are measured at fair value on a recurring basis: At October 31, 2015 At November 1, 2014 At January 31, 2015 ($ in millions) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets Auction rate security — 6 — — 6 — — 6 — Total Assets $ — $ 6 $ — $ — $ 6 $ — $ — $ 6 $ — Liabilities Foreign exchange forward contracts — 4 — — 2 — — 5 — Total Liabilities $ — $ 4 $ — $ — $ 2 $ — $ — $ 5 $ —
Carrying Value and Estimated Fair Value of Long-Term Debt	The carrying value and estimated fair value of long-term debt and obligations under capital leases were as follows: October 31, November 1, January 31, 2015 2014 2015 ($ in millions) Carrying value $ 131 $ 135 $ 134 Fair value $ 157 $ 161 $ 163

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Oct. 31, 2015
Earnings Per Share [Abstract]
Basic and Diluted Weighted-Average Number of Common Shares Outstanding	The computation of basic and diluted earnings per share is as follows: Thirteen weeks ended Thirty-nine weeks ended October 31, November 1, October 31, November 1, 2015 2014 2015 2014 ($ in millions) Weighted-average common shares outstanding 139.3 143.6 139.6 144.5 Effect of Dilution: Stock options and awards 1.6 2.1 1.8 2.1 Weighted-average common shares assuming dilution 140.9 145.7 141.4 146.6

Pension and Postretirement Pl28

Pension and Postretirement Plans (Tables)	9 Months Ended
	Oct. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Components of Net Periodic Pension Benefit Cost and Postretirement Benefit Income	The following are the components of net periodic pension benefit cost and net periodic postretirement benefit income, which is recognized as part of SG&A expense: Pension Benefits Postretirement Benefits Thirteen weeks Thirty-nine weeks Thirteen weeks Thirty-nine weeks ended ended ended ended October 31, November 1, October 31, November 1, October 31, November 1, October 31, November 1, ($ in millions) 2015 2014 2015 2014 2015 2014 2015 2014 Service cost $ 5 $ 3 $ 13 $ 11 $ — $ — $ — $ — Interest cost 6 7 18 21 — — 1 — Expected return on plan assets (10) (9) (29) (28) — — — — Amortization of net loss (gain) 3 5 10 12 — (1) (1) (2) Net benefit expense (income) $ 4 $ 6 $ 12 $ 16 $ — $ (1) $ — $ (2)

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Oct. 31, 2015
Share-based Compensation [Abstract]
Total compensation expense and the related tax benefits recognized	Total compensation expense included in SG&A, and the associated tax benefits recognized related to the Company’s share-based compensation plans were as follows: Thirteen weeks ended Thirty-nine weeks ended October 31, November 1, October 31, November 1, 2015 2014 2015 2014 ($ in millions) Options and shares purchased under the employee stock purchase plan $ 3 $ 3 $ 9 $ 9 Restricted stock and restricted stock units 3 3 8 9 Total share-based compensation expense $ 6 $ 6 $ 17 $ 18 Tax benefit recognized $ 3 $ 1 $ 6 $ 5 Excess income tax benefit from settled equity-classified share-based awards reported as a cash flow from financing activities $ 33 $ 11
Assumptions used to Compute Share-Based Compensation Expense	The following table shows the Company’s assumptions used to compute the share-based compensation expense: Stock Option Plans Stock Purchase Plan October 31, November 1, October 31, November 1, 2015 2014 2015 2014 Weighted-average risk free rate of interest 1.52 % 2.12 % 0.22 % 0.14 % Expected volatility 30 % 39 % 24 % 24 % Weighted-average expected award life 6.0 years 6.1 years 1.0 year 1.0 year Dividend yield 1.61 % 2.0 % 1.7 % 2.0 % Weighted-average fair value $ 16.07 $ 14.91 $ 10.20 $ 7.11
Options Granted under Stock Option Plans	The information in the following table covers options granted under the Company’s stock option plans for the thirty-nine weeks ended October 31, 2015: Shares Weighted- Weighted-Average (in thousands, except price per share and Options outstanding at the beginning of the year 5,569 $ 25.89 Granted 694 62.29 Exercised (2,447) 25.64 Expired or cancelled (55) 48.68 Options outstanding at October 31, 2015 3,761 6.3 $ 32.44 Options exercisable at October 31, 2015 2,531 5.1 $ 22.13 Options vested and expected to vest at October 31, 2015 3,720 6.3 $ 32.17 Options available for future grant at October 31, 2015 13,037
Total Intrinsic Value of Options Exercised	The total intrinsic value of options exercised (the difference between the market price of the Company’s common stock on the exercise date and the price paid by the optionee to exercise the option) is presented below: Thirteen weeks ended Thirty-nine weeks ended October 31, November 1, October 31, November 1, 2015 2014 2015 2014 ($ in millions) Exercised $ 31 $ 6 $ 96 $ 21
Aggregate Intrinsic Value for Stock Options Outstanding and Exercisable	The aggregate intrinsic value for stock options outstanding and for stock options exercisable (the difference between the Company’s closing stock price on the last trading day of the period and the exercise price of the options, multiplied by the number of in-the-money stock options) is presented below: Thirty-nine weeks ended October 31, November 1, 2015 2014 ($ in millions) Outstanding $ 133 $ 170 Outstanding and exercisable $ 116 $ 138 Vested and expected to vest $ 133 $ 169
Information about Stock Options Outstanding and Exercisable	The following table summarizes information about stock options outstanding and exercisable at October 31, 2015: Options Outstanding Options Exercisable Weighted- Weighted- Weighted- Range of Exercise Number Remaining Exercise Number Exercise Prices Outstanding Contractual Life Price Exercisable Price (in thousands, except prices per share and contractual life) $9.85 to $18.80 870 3.9 $ 13.28 870 $ 13.28 $18.84 to $24.75 899 4.8 $ 19.81 899 $ 19.81 $30.92 to $36.59 790 6.7 $ 32.84 616 $ 32.44 $45.08 to $73.21 1,202 8.9 $ 55.47 146 $ 45.70 3,761 6.3 $ 32.44 2,531 $ 22.13
Restricted Share and Unit Activity	Restricted stock and RSU activity for the thirty-nine weeks ended October 31, 2015 is summarized as follows: Weighted-Average Grant Date Fair Number of Shares Value per Share (in thousands, except price per share) Nonvested at the beginning of the year 1,038 $ 37.96 Granted 154 63.72 Vested (312) 32.33 Expired or cancelled (68) 37.97 Nonvested at October 31, 2015 812 $ 45.02 Aggregate value ($ in millions) $ 37 Weighted-average remaining contractual life (in years) 1.1 years

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) $ in Millions	Aug. 03, 2015USD ($)	Oct. 31, 2015USD ($)	Oct. 31, 2015
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross		$ 1
Business Combination, Purchase Price Allocation, Additional Payment		$ 1
Number Of Stores Acquired Through Business Acquisition			10
Futura Sport AG [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Total	$ 2

Segment Information - Additiona

Segment Information - Additional Information (Detail) - USD ($) $ in Millions		3 Months Ended			9 Months Ended
		Oct. 31, 2015	[2]	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Segment Reporting Information [Line Items]
Impairment and other charges						$ 1
Loss Contingency, Loss in Period	[1]	$ 100		$ 0	$ 100	0
CCS Trademarks [Member]
Segment Reporting Information [Line Items]
Impairment and other charges						$ 2
[1]	Included in the thirteen and thirty-nine weeks ended October 31, 2015 is a pre-tax litigation charge of $100 million relating to a pension litigation matter described further in Note 12, Legal Proceedings.
[2]	Included in the thirteen and thirty-nine weeks ended October 31, 2015 is a pre-tax litigation charge of $100 million relating to the pension litigation matter. This charge was recorded in connection with the U.S. District Court ruling in favor of the plaintiff. Please see Note 12, Legal Proceedings note for further information.

Sales and Division Operating Re

Sales and Division Operating Results for Reportable Segments (Detail) - USD ($) $ in Millions		3 Months Ended			9 Months Ended
		Oct. 31, 2015		Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Segment Reporting Information [Line Items]
Sales		$ 1,794		$ 1,731	$ 5,405	$ 5,240
Division profit		237		206	747	644
Less: Litigation charge	[1]	100	[2]	0	100	0
Corporate expense, net		20		19	54	59
Operating profit		117		187	593	585
Other income	[3]	1		1	2	3
Interest expense, net		1		1	3	3
Income before income taxes		117		187	592	585
Athletic Stores
Segment Reporting Information [Line Items]
Sales		1,571		1,521	4,755	4,646
Operating results before restructuring income	[4]	206		181	649	577
Direct-to-Customers
Segment Reporting Information [Line Items]
Sales		223		210	650	594
Operating results before restructuring income	[5]	$ 31		$ 25	$ 98	$ 67
[1]	Included in the thirteen and thirty-nine weeks ended October 31, 2015 is a pre-tax litigation charge of $100 million relating to a pension litigation matter described further in Note 12, Legal Proceedings.
[2]	Included in the thirteen and thirty-nine weeks ended October 31, 2015 is a pre-tax litigation charge of $100 million relating to the pension litigation matter. This charge was recorded in connection with the U.S. District Court ruling in favor of the plaintiff. Please see Note 12, Legal Proceedings note for further information.
[3]	Other income includes non-operating items, such as lease termination gains, royalty income, and the changes in fair value, premiums paid, and realized gains associated with foreign currency option contracts.
[4]	Included in the thirty-nine weeks ended November 1, 2014 is a non-cash impairment charge of $1 million to fully write down the remaining value of the tradename related to the Company’s stores in the Republic of Ireland.
[5]	Included in the thirty-nine weeks ended November 1, 2014 is a $2 million non-cash impairment charge related to the CCS tradename.

Goodwill (Detail)

Goodwill (Detail) - USD ($) $ in Millions	Oct. 31, 2015	Jan. 31, 2015		Nov. 01, 2014
Goodwill [Line Items]
Goodwill	$ 156	$ 157	[1]	$ 160
Athletic Stores
Goodwill [Line Items]
Goodwill	17	17		19
Direct-to-Customers
Goodwill [Line Items]
Goodwill	$ 139	$ 140		$ 141
[1]	The balance sheet at January 31, 2015 has been derived from the previously reported audited financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended January 31, 2015.

Other Intangible Assets, net -

Other Intangible Assets, net - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Changes in Amortizing intangible assets [Line Items]
Amortization expense	$ 1	$ 2	$ 3	$ 5
Indefinite-lived Intangible Assets, Translation Adjustments			$ (1)
European businesses [Member]
Changes in Amortizing intangible assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			8 years
Increase (Decrease) in Lease Acquisition Costs			$ 1
Other Intangible Assets [Member]
Changes in Amortizing intangible assets [Line Items]
Fully Amortized Customer Relationship				$ 21

Other Intangible Assets, net (D

Other Intangible Assets, net (Detail) - USD ($) $ in Millions		Oct. 31, 2015	Jan. 31, 2015		Nov. 01, 2014
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value	[1],[2]	$ 147	$ 156		$ 171
Amortized intangible assets, Accum. amort.	[1],[2]	(125)	(132)		(144)
Amortized intangible assets, Net value	[1],[2]	22	24		27
Indefinite life intangible assets, Net Value	[2]	24	25		29
Other intangible assets, net	[2]	46	49	[3]	56
Lease acquisition costs
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value	[1],[2]	119	128		143
Amortized intangible assets, Accum. amort.	[1],[2]	(109)	(116)		(129)
Amortized intangible assets, Net value	[1],[2]	10	12		14
Trademarks
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value	[1],[2]	21	21		21
Amortized intangible assets, Accum. amort.	[1],[2]	(12)	(12)		(11)
Amortized intangible assets, Net value	[1],[2]	9	9		10
Favorable leases
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value	[1],[2]	7	7		7
Amortized intangible assets, Accum. amort.	[1],[2]	(4)	(4)		(4)
Amortized intangible assets, Net value	[1],[2]	3	3		3
Runners Point Group trademarks
Intangible Assets by Major Class [Line Items]
Indefinite life intangible assets, Net Value	[2]	24	25		28
Other trademarks
Intangible Assets by Major Class [Line Items]
Indefinite life intangible assets, Net Value	[2]	$ 0	$ 0		$ 1
[1]	During 2014, the Company exited the CCS e-commerce business; as such, the fully amortized customer relationship intangible of $21 million was removed from the amounts presented above for all periods.
[2]	The change in the ending balances also reflects the effect of foreign currency fluctuations due primarily to the movements of the euro in relation to the U.S. dollar.
[3]	The balance sheet at January 31, 2015 has been derived from the previously reported audited financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended January 31, 2015.

Amortization Expense (Detail)

Amortization Expense (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Goodwill And Intangible Assets Disclosure [Line Items]
Amortization expense	$ 1	$ 2	$ 3	$ 5

Estimated Future Amortization E

Estimated Future Amortization Expense for Finite Lived Intangibles (Detail) $ in Millions	Oct. 31, 2015USD ($)
Expected Amortization Expense [Line Items]
Remainder of 2015	$ 1
2,016	4
2,017	3
2,018	3
2,019	3
2,020	$ 3

Accumulated Other Comprehensi38

Accumulated Other Comprehensive Loss, Net of Tax (Detail) - USD ($) $ in Millions	Oct. 31, 2015	Jan. 31, 2015		Nov. 01, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation adjustments	$ (107)	$ (75)		$ 15
Cash flow hedges	(2)	(3)		(1)
Unrecognized pension cost and postretirement benefit	(233)	(240)		(234)
Unrealized loss on available-for-sale security	(1)	(1)		(1)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Total	$ (343)	$ (319)	[1]	$ (221)
[1]	The balance sheet at January 31, 2015 has been derived from the previously reported audited financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended January 31, 2015.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss (Detail) $ in Millions	9 Months Ended
	Oct. 31, 2015USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ (319)	[1]
OCI before reclassification	(30)
Reclassified from AOCL	6
Other comprehensive income/(loss)	(24)
Ending Balance	(343)
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(75)
OCI before reclassification	(32)
Reclassified from AOCL	0
Other comprehensive income/(loss)	(32)
Ending Balance	(107)
Cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(3)
OCI before reclassification	1
Reclassified from AOCL	0
Other comprehensive income/(loss)	1
Ending Balance	(2)
Items related to pension and postretirement benefits
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(240)
OCI before reclassification	1
Reclassified from AOCL	6
Other comprehensive income/(loss)	7
Ending Balance	(233)
Unrealized loss on available-for- sale security
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(1)
OCI before reclassification	0
Reclassified from AOCL	0
Other comprehensive income/(loss)	0
Ending Balance	$ (1)
[1]	The balance sheet at January 31, 2015 has been derived from the previously reported audited financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended January 31, 2015.

Reclassifications from Accumula

Reclassifications from Accumulated Other Comprehensive Loss (Detail) $ in Millions	9 Months Ended
	Oct. 31, 2015USD ($)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net periodic benefit cost	$ 9
Income tax benefit	(3)
Net of tax	6
Pension Benefits
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net periodic benefit cost	10
Postretirement Benefits
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net periodic benefit cost	$ (1)

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Derivatives designated as hedging instruments
Derivative [Line Items]
Increase Decrease In Fair Value Of Hedge Positions	$ 2	$ (1)	$ 1	$ (1)
Derivatives designated as hedging instruments | Forward foreign exchange contracts
Derivative [Line Items]
Notional value of contracts outstanding	93		$ 93
Derivative contracts maturity date			2017-01
Amount Of Hedge Loss Included in AOCL			$ 2
Derivatives not designated as hedging instruments | Forward foreign exchange contracts
Derivative [Line Items]
Notional value of contracts outstanding	15		$ 15
Derivative contracts maturity date			2015-12
Fair Value, Option, Changes in Fair Value, Gain (Loss)	(3)		$ (1)	1
Derivatives not designated as hedging instruments | Diesel fuel forward and option contracts
Derivative [Line Items]
Notional value of contracts outstanding	$ 1		$ 1
Derivative contracts maturity date			2016-05
Derivatives not designated as hedging instruments | Foreign currency option contracts
Derivative [Line Items]
Fair Value, Option, Changes in Fair Value, Gain (Loss)		$ 1		$ 1

Fair Value Derivative Contracts

Fair Value Derivative Contracts on Gross Basis by Type of Contract (Detail) - USD ($) $ in Millions	Oct. 31, 2015	Jan. 31, 2015	Nov. 01, 2014
Derivatives Designated as Hedging Instruments
Derivative [Line Items]
Fair value of derivative liability	$ 3	$ 4	$ 2
Derivatives Designated as Non-Hedging Instruments
Derivative [Line Items]
Fair value of derivative asset	2	0	0
Fair value of derivative liability	$ 3	$ 1	$ 0

Assets and Liabilities Measured

Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions	Oct. 31, 2015	Jan. 31, 2015	Nov. 01, 2014
Level 1
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis	$ 0	$ 0	$ 0
Liabilities measured at fair value on recurring basis	0	0	0
Level 1 | Auction rate security
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis	0	0	0
Level 1 | Forward foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities measured at fair value on recurring basis	0	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis	6	6	6
Liabilities measured at fair value on recurring basis	4	5	2
Level 2 | Auction rate security
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis	6	6	6
Level 2 | Forward foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities measured at fair value on recurring basis	4	5	2
Level 3
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis	0	0	0
Liabilities measured at fair value on recurring basis	0	0	0
Level 3 | Auction rate security
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis	0	0	0
Level 3 | Forward foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities measured at fair value on recurring basis	$ 0	$ 0	$ 0

Carrying Value and Estimated Fa

Carrying Value and Estimated Fair Value of Long-Term Debt (Detail) - USD ($) $ in Millions	Oct. 31, 2015	Jan. 31, 2015	Nov. 01, 2014
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Carrying value	$ 131	$ 134	$ 135
Fair value	$ 157	$ 163	$ 161

Earnings Per Share - Additional

Earnings Per Share - Additional information (Detail) - shares shares in Millions	9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Contingently Issuable Shares Excluded From Diluted Earnings Per Share	0.3	0.4
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0.6

Basic and Diluted Weighted-Aver

Basic and Diluted Weighted-Average Number of Common Shares Outstanding (Detail) - shares shares in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Weighted-average common shares outstanding	139.3	143.6	139.6	144.5
Effect of Dilution:
Stock options and awards	1.6	2.1	1.8	2.1
Weighted-average common shares assuming dilution	140.9	145.7	141.4	146.6

Pension and Postretirement Pl47

Pension and Postretirement Plans - Additional Information (Detail) $ in Millions	Aug. 14, 2015USD ($)
U.S. Qualified Pension Plan
Pension And Postretirement Plans [Line Items]
Employer's contribution	$ 4

Components of Net Periodic Pens

Components of Net Periodic Pension Benefit Cost and Net Postretirement Benefit Income (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 5	$ 3	$ 13	$ 11
Interest cost	6	7	18	21
Expected return on plan assets	(10)	(9)	(29)	(28)
Amortization of net loss (gain)	3	5	10	12
Net benefit expense (income)	4	6	12	16
Postretirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	0	0	0	0
Interest cost	0	0	1	0
Expected return on plan assets	0	0	0	0
Amortization of net loss (gain)	0	(1)	(1)	(2)
Net benefit expense (income)	$ 0	$ (1)	$ 0	$ (2)

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash received from options exercised	$ 25	$ 4	$ 63	$ 17
Tax benefit realized from options exercised	12	$ 2	37	$ 7
Restricted Stock and Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost, net of estimated forfeitures	$ 12		$ 12
Awards vesting period description			Generally, awards fully vest after the passage of time, typically three years. However, RSU awards made in connection with the Companys long-term incentive program vest after the attainment of both certain performance metrics and the passage of time
Weighted-average grant-date fair value per share			$ 63.72	$ 45.24
Total value of awards for which restrictions lapsed			$ 10	$ 14
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number	588,308	734,295	588,308	734,295
Nonvested stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost, net of estimated forfeitures	$ 9		$ 9
Unrecognized compensation cost related to nonvested stock options, weighted-average period expected to be recognized			1 year 6 months

Total compensation expense incl

Total compensation expense included in SG&A and the related tax benefits recognized (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total share-based compensation expense	$ 6	$ 6	$ 17	$ 18
Tax benefit recognized	3	1	6	5
Excess income tax benefit from settled equity-classified share-based awards reported as a cash flow from financing activities			33	11
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	3	3	9	9
Restricted Stock and Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	$ 3	$ 3	$ 8	$ 9

Assumption used to Compute Shar

Assumption used to Compute Share-Based Compensation Expense (Detail) - $ / shares	9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014
Stock Option Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average risk free rate of interest	1.52%	2.12%
Expected volatility	30.00%	39.00%
Weighted-average expected award life (in years)	6 years	6 years 1 month 6 days
Dividend yield	1.61%	2.00%
Weighted-average fair value	$ 16.07	$ 14.91
Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average risk free rate of interest	0.22%	0.14%
Expected volatility	24.00%	24.00%
Weighted-average expected award life (in years)	1 year	1 year
Dividend yield	1.70%	2.00%
Weighted-average fair value	$ 10.2	$ 7.11

Options Granted under Stock Opt

Options Granted under Stock Option Plans (Detail) shares in Thousands	9 Months Ended
	Oct. 31, 2015$ / sharesshares
Number of Shares
Options outstanding at the beginning of the year	5,569
Granted	694
Exercised	(2,447)
Expired or cancelled	(55)
Options outstanding at end of year	3,761
Options exercisable at end of year	2,531
Options vested and expected to vest	3,720
Options available for future grant at end of year	13,037
Weighted-Average Term
Options outstanding at end of year	6 years 3 months 18 days
Options exercisable at end of year	5 years 1 month 6 days
Options vested and expected to vest	6 years 3 months 18 days
Weighted-Average Exercise Price
Options outstanding at the beginning of the year | $ / shares	$ 25.89
Granted | $ / shares	62.29
Exercised | $ / shares	25.64
Expired or cancelled | $ / shares	48.68
Options outstanding at end of year | $ / shares	32.44
Options exercisable at end of year | $ / shares	22.13
Options vested and expected to vest | $ / shares	$ 32.17

Total Intrinsic Value of Option

Total Intrinsic Value of Options Exercised (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Intrinsic value of stock options
Exercised	$ 31	$ 6	$ 96	$ 21

Aggregate Intrinsic Value for S

Aggregate Intrinsic Value for Stock Options Outstanding and Exercisable (Detail) - USD ($) $ in Millions	Oct. 31, 2015	Nov. 01, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding	$ 133	$ 170
Outstanding and exercisable	116	138
Vested and expected to vest	$ 133	$ 169

Information about Stock Options

Information about Stock Options Outstanding and Exercisable (Detail) - $ / shares shares in Thousands	9 Months Ended
	Oct. 31, 2015	Jan. 31, 2015
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Number of Shares	3,761	5,569
Options Outstanding, Weighted-Average Remaining Contractual Life	6 years 3 months 18 days
Options Outstanding, Weighted-Average Exercise Price	$ 32.44	$ 25.89
Options Exercisable, Number of Shares	2,531
Options Exercisable, Weighted-Average Exercise Price	$ 22.13
$ 9.85 to $18.80
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Number of Shares	870
Options Outstanding, Weighted-Average Remaining Contractual Life	3 years 10 months 24 days
Options Outstanding, Weighted-Average Exercise Price	$ 13.28
Options Exercisable, Number of Shares	870
Options Exercisable, Weighted-Average Exercise Price	$ 13.28
$18.84 to $24.75
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Number of Shares	899
Options Outstanding, Weighted-Average Remaining Contractual Life	4 years 9 months 18 days
Options Outstanding, Weighted-Average Exercise Price	$ 19.81
Options Exercisable, Number of Shares	899
Options Exercisable, Weighted-Average Exercise Price	$ 19.81
$30.92 to $36.59
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Number of Shares	790
Options Outstanding, Weighted-Average Remaining Contractual Life	6 years 8 months 12 days
Options Outstanding, Weighted-Average Exercise Price	$ 32.84
Options Exercisable, Number of Shares	616
Options Exercisable, Weighted-Average Exercise Price	$ 32.44
$45.08 to $73.21
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Number of Shares	1,202
Options Outstanding, Weighted-Average Remaining Contractual Life	8 years 10 months 24 days
Options Outstanding, Weighted-Average Exercise Price	$ 55.47
Options Exercisable, Number of Shares	146
Options Exercisable, Weighted-Average Exercise Price	$ 45.7

Changes in Nonvested Options (D

Changes in Nonvested Options (Detail) - Restricted Stock Units $ / shares in Units, shares in Thousands, $ in Millions	9 Months Ended
	Oct. 31, 2015USD ($)$ / sharesshares
Number of Shares
Nonvested, Beginning Balance | shares	1,038
Granted | shares	154
Vested | shares	(312)
Expired or cancelled | shares	(68)
Nonvested, Ending Balance | shares	812
Aggregate value (in millions) | $	$ 37
Weighted-average remaining contractual life (in years)	1 year 1 month 6 days
Weighted-Average Grant Date Fair Value per Share
Nonvested, Beginning Balance | $ / shares	$ 37.96
Granted | $ / shares	63.72
Vested | $ / shares	32.33
Expired or cancelled | $ / shares	37.97
Nonvested, Ending Balance | $ / shares	$ 45.02

Legal Proceedings - Additional

Legal Proceedings - Additional Information (Detail) - USD ($) $ in Millions		3 Months Ended			9 Months Ended
		Oct. 31, 2015		Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Legal Proceedings [Line Items]
Loss Contingency, Range of Possible Loss, Minimum		$ 100			$ 100
Loss Contingency, Range of Possible Loss, Maximum		200			200
Loss Contingency, Loss in Period	[1]	100	[2]	$ 0	100	$ 0
Loss Contingency Loss In Period After Tax		$ 61			$ 61
[1]	Included in the thirteen and thirty-nine weeks ended October 31, 2015 is a pre-tax litigation charge of $100 million relating to a pension litigation matter described further in Note 12, Legal Proceedings.
[2]	Included in the thirteen and thirty-nine weeks ended October 31, 2015 is a pre-tax litigation charge of $100 million relating to the pension litigation matter. This charge was recorded in connection with the U.S. District Court ruling in favor of the plaintiff. Please see Note 12, Legal Proceedings note for further information.