Foot Locker (FL) 10-Q 12 Jun 19 2019 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	May 04, 2019	Jun. 11, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	May 4, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Trading Symbol	FL
Entity Common Stock, Shares Outstanding		109,701,174
Entity Registrant Name	FOOT LOCKER, INC.
Entity Central Index Key	0000850209
Current Fiscal Year End Date	--02-01
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	May 04, 2019	Feb. 02, 2019	[1]	May 05, 2018
Current assets:
Cash and cash equivalents	$ 1,126	$ 891		$ 1,029
Merchandise inventories	1,211	1,269		1,210
Other current assets	255	358		301
Assets, current, total	2,592	2,518		2,540
Property and equipment, net	810	836		843
Operating lease right-of-use assets	3,025
Deferred taxes	89	87		104
Goodwill	156	157		158
Other intangible assets, net	22	24		43
Other assets	234	198		275
Total assets	6,928	3,820		3,963
Current liabilities:
Accounts payable	451	387		344
Accrued and other liabilities	340	377		309
Current portion of lease obligations	499
Liabilities, current, total	1,290	764		653
Long-term debt	123	124		125
Long-term lease obligations	2,804
Other liabilities	109	426		642
Total liabilities	4,326	1,314		1,420
Shareholders' equity:
Common stock and paid-in capital: 113,161,373; 112,932,605; and 121,341,925 shares outstanding, respectively	820	809		848
Retained earnings	2,207	2,104		2,184
Accumulated other comprehensive loss	(384)	(370)		(313)
Less: Treasury stock at cost: 774,355; 711,024; and 4,080,653 shares, respectively	(41)	(37)		(176)
Total shareholders’ equity	2,602	2,506		2,543
Liabilities and equity, total	$ 6,928	$ 3,820		$ 3,963
[1]	The balance sheet at February 2, 2019 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 10K for the year ended February 2, 2019.

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	May 04, 2019	Feb. 02, 2019	May 05, 2018
CONSOLIDATED BALANCE SHEETS [Abstract]
Common Stock, Shares Outstanding, Issued, Total	113,161,373	112,932,605	121,341,925
Treasury Stock, Shares	774,355	711,024	4,080,653

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]
Sales	$ 2,078	$ 2,025
Cost of sales	1,389	1,359
Selling, general and administrative expenses	416	385
Depreciation and amortization	44	45
Litigation and other charges	1	12
Income from operations	228	224
Interest income, net	4	2
Other income	2	3
Income before income taxes	234	229
Income tax expense	62	64
Net income	$ 172	$ 165
Basic earnings per share	$ 1.53	$ 1.39
Weighted-average shares outstanding	112.4	118.7
Diluted earnings per share	$ 1.52	$ 1.38
Weighted-average shares outstanding, assuming dilution	113.1	119.1

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income	$ 172	$ 165
Foreign currency translation adjustment:
Translation adjustment arising during the period, net of income tax (benefit) of $- and $(5) million, respectively	(15)	(38)
Cash flow hedges:
Change in fair value of derivatives, net of income tax	(2)	1
Pension and postretirement adjustments:
Amortization of net actuarial gain/loss and prior service cost included in net periodic benefit costs, net of income tax expense of $1 and $1 million, respectively	3	3
Comprehensive income	$ 158	$ 131

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income tax benefit on translation adjustment		$ (5)
Income tax expense on amortization of net actuarial gain/loss and prior service cost	$ 1	$ 1

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Millions	Additional Paid-In Capital & Common Stock	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Loss	Total
Beginning Balance at Feb. 03, 2018	$ 842	$ (63)	$ 2,019	$ (279)	$ 2,519
Beginning Balance (in shares) at Feb. 03, 2018	121,262,000
Beginning Balance (in treasury shares) at Feb. 03, 2018		(1,433,000)
Restricted stock issued (in shares)	76,000
Issued under director and stock plans (in shares)	4,000
Share-based compensation expense	$ 6				6
Shares of common stock used to satisfy tax withholding obligations		$ (1)			(1)
Shares of common stock used to satisfy tax withholding obligations (in shares)		(31,000)
Share repurchases		$ (112)			(112)
Share repurchases (in shares)		(2,617,000)
Net income			165		165
Cash dividends declared on common stock ($0.38, and $0.345 per share in 2019 and 2018 respectively)			(41)		(41)
Translation adjustment, net of tax				(38)	(38)
Change in cash flow hedges, net of tax				1	1
Pension and postretirement adjustments, net of tax				3	3
Cumulative effect of the adoption new ASUs | Accounting Standards Update 2014-09 [Member]			4		4
Cumulative effect of the adoption new ASUs | Accounting Standards Update 2016 16 [Member]			37		37
Ending Balance at May. 05, 2018	$ 848	$ (176)	2,184	(313)	$ 2,543
Ending Balance (in shares) at May. 05, 2018	121,342,000
Ending Balance (in treasury shares) at May. 05, 2018		(4,081,000)			(4,080,653)
Beginning Balance at Feb. 02, 2019	$ 809	$ (37)	2,104	(370)	$ 2,506	[1]
Beginning Balance (in shares) at Feb. 02, 2019	112,933,000
Beginning Balance (in treasury shares) at Feb. 02, 2019		(711,000)			(711,024)
Restricted stock issued (in shares)	72,000
Issued under director and stock plans	$ 4				$ 4
Issued under director and stock plans (in shares)	156,000
Share-based compensation expense	$ 7				7
Shares of common stock used to satisfy tax withholding obligations		$ (2)			(2)
Shares of common stock used to satisfy tax withholding obligations (in shares)		(31,000)
Share repurchases		$ (2)			(2)
Share repurchases (in shares)		(32,000)
Net income			172		172
Cash dividends declared on common stock ($0.38, and $0.345 per share in 2019 and 2018 respectively)			(43)		(43)
Translation adjustment, net of tax				(15)	(15)
Change in cash flow hedges, net of tax				(2)	(2)
Pension and postretirement adjustments, net of tax				3	3
Cumulative effect of the adoption new ASUs			(26)		(26)
Ending Balance at May. 04, 2019	$ 820	$ (41)	$ 2,207	$ (384)	$ 2,602
Ending Balance (in shares) at May. 04, 2019	113,161,000
Ending Balance (in treasury shares) at May. 04, 2019		(774,000)			(774,355)
[1]	The balance sheet at February 2, 2019 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 10K for the year ended February 2, 2019.

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	May 04, 2019	May 05, 2018
Statement of Stockholders' Equity [Abstract]
Cash dividends declared on common stock, per share	$ 0.38	$ 0.345

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
From operating activities:
Net income	$ 172	$ 165
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	44	45
Share-based compensation expense	7	5
Qualified pension plan contributions	(55)
Change in assets and liabilities:
Merchandise inventories	50	53
Accounts payable	67	90
Accrued and other liabilities	(22)	(6)
Pension litigation accrual		12
Other, net	55	51
Net cash provided by operating activities	318	415
From investing activities:
Capital expenditures	(45)	(64)
Minority investments	(45)
Insurance proceeds related to loss on property and equipment		1
Net cash used in investing activities	(90)	(63)
From financing activities:
Purchase of treasury shares	(2)	(112)
Dividends paid on common stock	(43)	(41)
Proceeds from exercise of stock options	4
Shares of common stock repurchased to satisfy tax withholding obligations	(2)	(1)
Net cash used in financing activities	(43)	(154)
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash	(5)	(18)
Net change in cash, cash equivalents, and restricted cash	180	180
Cash, cash equivalents, and restricted cash at beginning of year	981	1,031
Cash, cash equivalents, and restricted cash at end of period	1,161	1,211
Cash paid during the year:
Income taxes	$ 40	$ 61

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	May 04, 2019
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	1. Summary of Significant Accounting Policies 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 normal, recurring adjustments necessary for a fair presentation of the results for the interim periods of the fiscal year ending February 1, 2020 and of the fiscal year ended February 2, 2019. 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 February 2, 2019, as filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 2, 2019. Other than the changes to the Leases policies as a result of the recently adopted accounting standards discussed below, there were no significant changes to the policies disclosed in Note 1, Summary of Significant Accounting Policies of our Annual Report on Form 10‑K for the year ended February 2, 2019. Recent Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This ASU requires lessees to recognize a lease liability, on a discounted basis, and a right-of-use asset for substantially all leases, as well as additional disclosures regarding leasing arrangements. In July 2018, the FASB issued ASU 2018-11, Leases (Topic 842): Targeted improvements, which provides an optional transition method of applying the new lease standard. Topic 842 can be applied using either a modified retrospective approach at the beginning of the earliest period presented, or as permitted by ASU 2018-11, at the beginning of the period in which it is adopted. The Company adopted Topic 842 on February 3, 2019 (the “effective date”) using the optional transition method, which applies Topic 842 at the beginning of the period in which it is adopted. Prior period amounts have not been adjusted in connection with the adoption of this standard. The Company elected the package of practical expedients under the new standard, which permits companies to not reassess lease classification, lease identification, or initial direct costs for existing or expired leases prior to the effective date. We have lease agreements with non-lease components that relate to the lease components. The Company elected the practical expedient to account for non-lease components and the lease components to which they relate, as a single lease component for all classes of underlying assets. Also, the Company elected to keep short-term leases with an initial term of twelve months or less off the balance sheet. Upon adoption of this new standard, the Company recorded right-of-use assets and lease obligations on the Condensed Consolidated Balance Sheet for our operating leases of $3,148 million and $3,422 million, respectively, as of February 3, 2019. As part of adopting the standard, previously recognized liabilities for deferred rent and lease incentives were reclassified as a component of the right-of-use assets. Additionally upon adoption, we evaluated right-to-use assets for impairment and determined that approximately $29 million of impairment was required related to newly recognized right-to-use assets that would have been impaired in previous periods. This impairment of the right-to-use asset as of February 3, 2019 was recorded, net of related income tax effects, as a $26 million reduction of beginning retained earnings. The standard did not significantly affect our Condensed Consolidated Statements of Income, Comprehensive Income, or Cash Flows. 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.

Revenue

Revenue	3 Months Ended
	May 04, 2019
Revenue [Abstract]
Revenue	2. Revenue Store revenue is recognized at the point of sale and includes merchandise, net of returns, and excludes taxes. Revenue from layaway sales is recognized when the customer receives the product, rather than when the initial deposit is paid. Revenue for merchandise that is shipped to our customers from our distribution centers and stores is recognized upon shipment date. Total revenue recognized includes shipping and handling fees. We have determined that control of the promised good is passed to the customer upon shipment date since the customer has legal title, the rewards of ownership, and has paid for the merchandise as of the shipment date. Shipping and handling is accounted for as a fulfillment activity. The Company accrues the cost and recognized revenue for these activities upon shipment date. Sales disaggregated based upon sales channel is presented below. Thirteen weeks ended May 4, May 5, 2019 2018 ($ in millions) Sales by Channel Stores $ 1,758 $ 1,743 Direct-to-customers 320 282 Total sales $ 2,078 $ 2,025 Sales disaggregated based upon geographic area is presented in the below table. Sales are attributable to the geographic area in which the sales transaction is fulfilled. Thirteen weeks ended May 4, May 5, 2019 2018 ($ in millions) Sales by Geography United States $ 1,552 $ 1,501 International 526 524 Total sales $ 2,078 $ 2,025 Contract Liabilities The Company sells gift cards which do not have expiration dates. Revenue from gift card sales is recorded when the gift cards are redeemed by customers. Breakage income is reported as part of sales. The table below presents the activity of our gift card liability balance: ($ in millions) Balance at February 3, 2019 $ 35 Redemptions (25) Breakage recognized in sales (2) Activations 22 Balance at May 4, 2019 $ 30 The Company elected not to disclose the information about remaining performance obligations since the amount of gift cards redeemed after 12 months is not significant.

Segment Information

Segment Information	3 Months Ended
	May 04, 2019
Segment Information [Abstract]
Segment Information	3 . Segment Information The Company has integrated all available shopping channels including stores, websites, apps, social channels, and catalogs. Store sales are primarily fulfilled from the store’s inventory but may also be shipped from any of our distribution centers or from a different store location if an item is not available at the original store. Direct-to-customer orders are primarily shipped to our customers through our distribution centers but may also be shipped from any store or a combination of our distribution centers and stores depending on the availability of particular items. Our operating segments are identified according to how our business activities are managed and evaluated by our chief operating decision maker, our CEO. During 2018, the Company expanded into Asia and launched our digital channels across Singapore, Hong Kong, and Malaysia. In addition, we entered China through a limited offering in partnership with Tmall (a Chinese-language platform for business-to-consumer online retail). During the first quarter of 2019, the Company changed its organizational and internal reporting structure in order to support an accelerated growth strategy for the region. We opened an Asian headquarters in Singapore and realigned our organization into three distinct geographic regions: Europe, Middle East and Africa (“EMEA”), Asia Pacific, and North America. In light of these changes, the Company has re-evaluated its operating segments. The Company has determined that it has three operating segments, North America, EMEA, and Asia Pacific. Our North America operating segment includes the results of the following banners operating in the U.S. and Canada: Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, and SIX:02, including each of their related e-commerce businesses, as well as our Eastbay business that includes internet, catalog, and team sales. Our EMEA operating segment includes the results of the following banners operating in Europe: Foot Locker, Runners Point, Sidestep, and Kids Foot Locker, including each of their related e-commerce businesses. Our Asia Pacific operating segment includes the results of Foot Locker and Kids Foot Locker and the related e-commerce businesses operating in Australia, New Zealand, and Asia. We have further aggregated these operating segments into one reportable segment based upon their shared customer base and similar economic characteristics. The Company evaluates performance based on several factors, of which the primary financial measure is the banner’s financial results referred to as division profit. Division profit reflects income before income taxes, pension litigation charges, corporate expense, non-operating income, and net interest income. The following table summarizes our results: Thirteen weeks ended May 4, May 5, 2019 2018 ($ in millions) Sales $ 2,078 $ 2,025 Operating Results Division profit 250 247 Less: Pension litigation charges (1) 1 12 Less: Corporate expense (2) 21 11 Income from operations 228 224 Interest income, net 4 2 Other income 2 3 Income before income taxes $ 234 $ 229 3 . Segment Information – (continued) (1) The Company recorded pre-tax charges of $1 million and $12 million for the quarters ended May 4, 2019 and May 5, 2018, respectively, related to a pension litigation matter and the related plan reformation. The charge in the current period reflects professional fees in connection with the plan reformation. The prior year charge reflected adjustments to the value of the judgment and interest that continued to accrue, as required by the provisions of the required plan reformation. (2) Corporate expense consists of unallocated selling, general and administrative expenses as well as depreciation and amortization related to the Company’s corporate headquarters, centrally managed departments, unallocated insurance and benefit programs, certain foreign exchange transaction gains and losses, and other items.

Cash, Cash Equivalents, and Res

Cash, Cash Equivalents, and Restricted Cash	3 Months Ended
	May 04, 2019
Restricted Cash [Abstract]
Cash, Cash Equivalents, and Restricted Cash	4. Cash, Cash Equivalents, and Restricted Cash The following table provides a reconciliation of cash and cash equivalents, as reported on our condensed consolidated balance sheets, to cash, cash equivalents, and restricted cash, as reported on our condensed consolidated statements of cash flows. May 4, May 5, 2019 2018 ($ in millions) Cash and cash equivalents $ 1,126 $ 1,029 Restricted cash included in other current assets 5 1 Restricted cash included in other non-current assets 30 181 Cash, cash equivalents, and restricted cash $ 1,161 $ 1,211 During 2017 in connection with the pension litigation matter, the Company deposited $150 million in a qualified settlement fund. At May 5, 2018, this amount was classified as part of non-current assets. During 2018 and in March 2019, the Company used substantially all of the qualified settlement fund to pay class counsel fees and to make a contribution to the pension plan. Other amounts included in restricted cash primarily relate to amounts held in escrow in connection with various leasing arrangements in Europe and deposits held in insurance trusts in order to satisfy the requirement to collateralize part of the self-insured workers’ compensation and liability claims. The Company has elected to present book overdrafts, representing checks issued but still outstanding in excess of bank balances, as part of accounts payable.

Goodwill

Goodwill	3 Months Ended
	May 04, 2019
Goodwill and Other Intangible Assets, Net [Abstract]
Goodwill	5. 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. In light of the change in our organizational and internal reporting structure in the first quarter of 2019, we have reassessed our reporting units and have determined that the collective omni-channel banners in North America, EMEA, and Asia Pacific are the three reporting units at which goodwill is tested. Accordingly, goodwill was re-allocated between the affected reporting units based on their relative fair values. As required, we conducted the annual impairment review both before and after this change. Neither review resulted in the recognition of impairment, as the fair value of each reporting unit exceeded its carrying value.

Other Intangible Assets, Net

Other Intangible Assets, Net	3 Months Ended
	May 04, 2019
Goodwill and Other Intangible Assets, Net [Abstract]
Other Intangible Assets, Net	6. Other Intangible Assets, net The components of finite-lived intangible assets and intangible assets not subject to amortization are as follows: May 4, 2019 May 5, 2018 Gross Accum. Net Gross Accum. Net ($ in millions) value amort. value value amort. value Amortized intangible assets: (1) Lease acquisition costs $ 116 $ (108) $ 8 $ 128 $ (117) $ 11 Trademarks / trade names 20 (15) 5 20 (14) 6 Favorable leases - - - 7 (6) 1 $ 136 $ (123) $ 13 $ 155 $ (137) $ 18 Indefinite life intangible assets: (1) Runners Point Group trademarks / trade names $ 9 $ 25 Other intangible assets, net $ 22 $ 43 (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. The annual review of intangible assets with indefinite lives performed during the first quarter of 2019 did not result in the recognition of impairment. Amortization expense recorded is as follows : Thirteen weeks ended ($ in millions) May 4, 2019 May 5, 2018 Amortization expense $ 1 $ 1 Estimated future amortization expense for finite-life intangible assets is as follows: ($ in millions) Remainder of 2019 $ 2 2020 3 2021 2 2022 2 2023 2 2024 2

Leases

Leases	3 Months Ended
	May 04, 2019
Leases [Abstract]
Leases	7. Leases The Company is obligated under operating leases for almost all of its store properties. In addition, the Company leases certain warehouse distribution centers. Operating lease periods generally range from 5 to 10 years and most store leases contain rent escalation provisions. Leases with an initial term of 12 months or less are not recorded on the balance sheet. We recognize lease expense for these leases on a straight-line basis over the lease term. For leases beginning in 2019 and later, the Company will combine lease components (e.g. rental payments) and non-lease components (e.g. common area maintenance costs and utilities). Right-of-use assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term for those arrangements where there is an identified asset and the contract conveys the right to control its use. 7. Leases – (continued) Since the rates implicit in the leases are not readily determinable, the Company uses its incremental borrowing rates based on the remaining lease term to determine the present value of future lease payments. T he Company's incremental borrowing rate for a lease is the rate of interest it would have to pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms. Some of the store leases contain renewal options with varying terms and conditions. The Company’s lease term includes options to extend or terminate a lease only when it is reasonably certain that it will exercise that option. Certain leases provide for variable lease costs, which primarily include rent payments based on a percentage of store sales, common area maintenance costs and taxes. The components of lease cost as of May 4, 2019 were as follows: ($ in millions) Operating lease costs $ 166 Variable lease costs 84 Short-term lease costs 7 Net lease cost $ 257 Rent expense for operating leases for the thirteen weeks ended May 5, 2018 amounted to $185 million and consisted of minimum and contingent rentals of $179 million and $7 million, respectively, less sublease income of $1 million. Amounts recognized in the Condensed Consolidated Balance Sheet related to operating leases as of May 4, 2019 were as follows: ($ in millions) Assets Operating lease right-of-use assets $ 3,025 Liabilities Current Operating lease liabilities 499 Noncurrent Operating lease liabilities 2,804 Total lease liabilities $ 3,303 Other information related to operating leases as of May 4, 2019 consisted of the following: Weighted average remaining lease term (years) 7.4 Weighted average discount rate 5.5 % 7. Leases – (continued) Supplemental cash flow information related to leases as of May 4, 2019 was as follows: ($ in millions) Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 168 Right-of-use assets obtained in exchange for lease obligations: Operating leases 29 Maturities of lease liabilities as of May 4, 2019 are as follows: ($ in millions) Remainder of 2019 $ 503 2020 628 2021 581 2022 526 2023 455 Thereafter 1,374 Total lease payments 4,067 Less: Interest 764 Total lease liabilities $ 3,303 As of February 2, 2019, the estimated future minimum non-cancellable lease commitments were as follows: ($ in millions) 2019 $ 672 2020 631 2021 583 2022 527 2023 456 Thereafter 1,408 Total operating lease commitments $ 4,277

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	May 04, 2019
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Loss	8. Accumulated Other Comprehensive Loss Accumulated other comprehensive loss (“AOCL”), net of tax, is comprised of the following: May 4, May 5, February 2, 2019 2018 2019 ($ in millions) Foreign currency translation adjustments $ (99) $ (47) $ (84) Cash flow hedges (2) 1 — Unrecognized pension cost and postretirement benefit (283) (267) (286) $ (384) $ (313) $ (370) 8. Accumulated Other Comprehensive Loss – (continued) The changes in AOCL for the thirteen weeks ended May 4, 2019 were as follows: Foreign Items Related Currency to Pension and Translation Cash Flow Postretirement ($ in millions) Adjustments Hedges Benefits Total Balance as of February 2, 2019 $ (84) $ — $ (286) $ (370) OCI before reclassification (15) (2) 1 (16) Amortization of pension actuarial loss, net of tax — — 2 2 Other comprehensive income (15) (2) 3 (14) Balance as of May 4, 2019 $ (99) $ (2) $ (283) $ (384) Reclassifications from AOCL for the thirteen weeks ended May 4, 2019 were as follows: ($ in millions) Amortization of actuarial (gain) loss: Pension benefits- amortization of actuarial loss $ 3 Postretirement benefits- amortization of actuarial gain — Net periodic benefit cost (see Note 11) 3 Income tax benefit (1) Total, net of tax $ 2

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	May 04, 2019
Fair Value Measurements [Abstract]
Fair Value Measurements	9. 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. 9. Fair Value Measurements – (continued) The following table provides a summary of the Company’s recognized assets and liabilities that are measured at fair value on a recurring basis: As of May 4, 2019 As of May 5, 2018 ($ in millions) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets Equity investments $ — $ 133 $ — $ — $ — $ — Available-for-sale security — 6 — — 6 — Foreign exchange forward contracts — 1 — — 1 — Total Assets $ — $ 140 $ — $ — $ 7 $ — Liabilities Foreign exchange forward contracts — 3 — — 1 — Total Liabilities $ — $ 3 $ — $ — $ 1 $ — The fair values of the Company’s equity investments are determined by using quoted prices for identical or similar instruments in markets that are not active and therefore are classified as Level 2. 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. The carrying value and estimated fair value of long-term debt were as follows: May 4, May 5, 2019 2018 ($ in millions) Carrying value $ 123 $ 125 Fair value $ 136 $ 142 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	3 Months Ended
	May 04, 2019
Earnings Per Share [Abstract]
Earnings Per Share	10. 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 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. 10. Earnings Per Share – (continued) The computation of basic and diluted earnings per share is as follows: Thirteen weeks ended May 4, May 5, 2019 2018 (in millions, except per share data) Net Income $ 172 $ 165 Weighted-average common shares outstanding 112.4 118.7 Dilutive effect of potential common shares 0.7 0.4 Weighted-average common shares outstanding assuming dilution 113.1 119.1 Earnings per share - basic $ 1.53 $ 1.39 Earnings per share - diluted $ 1.52 $ 1.38 Anti-dilutive share-based awards excluded from diluted calculation 1.6 2.2 Additionally, shares of 0.8 million and 1.1 million as of May 4, 2019 and May 5, 2018, respectively, have been excluded from diluted weighted-average shares as the number of shares that will be issued is contingent on the Company’s performance metrics as compared to the pre-established performance goals which have not been achieved as of May 4, 2019 and May 5, 2018. These shares relate to restricted stock units issued in connection with the Company’s long-term incentive program.

Pension and Postretirement Plan

Pension and Postretirement Plans	3 Months Ended
	May 04, 2019
Pension and Postretirement Plans [Abstract]
Pension and Postretirement Plans	11. 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. The Company also has a defined benefit pension plan covering certain employees 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. The following are the components of net periodic pension benefit cost and net periodic postretirement benefit income. Service cost is recognized as part of SG&A expense, while the remaining pension and postretirement expense components are recognized as part of other income. Pension Benefits Postretirement Benefits Thirteen weeks ended Thirteen weeks ended May 4, May 5, May 4, May 5, 2019 2018 2019 2018 ($ in millions) Service cost $ 5 $ 5 $ — $ — Interest cost 7 6 — — Expected return on plan assets (9) (10) — — Amortization of net loss (gain) 3 3 — — Net benefit expense (income) $ 6 $ 4 $ — $ — The Company contributed $55 million in March 2019 to its U.S. qualified pension plan. The Company continually evaluates the amount and timing of any future contributions.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	May 04, 2019
Share-Based Compensation [Abstract]
Share-Based Compensation	12. Share-Based Compensation 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 May 4, May 5, 2019 2018 Options and shares purchased under the employee stock purchase plan $ 2 $ 2 Restricted stock and restricted stock units 5 3 Total share-based compensation expense $ 7 $ 5 Tax benefit recognized $ 1 $ 1 Valuation Model and Assumptions The Company uses the Black-Scholes option-pricing model to estimate the fair value of share-based awards. The Black-Scholes option-pricing model incorporates various and subjective assumptions, including expected term and expected volatility. The following table shows the Company’s assumptions used to compute share-based compensation expense for awards granted during the thirteen weeks ended May 4, 2019 and May 5, 2018: Stock Option Plans Stock Purchase Plan May 4, May 5, May 4, May 5, 2019 2018 2019 2018 Weighted-average risk free rate of interest 2.2 % 2.7 % 2.3 % 1.2 % Expected volatility 38 % 37 % 59 % 30 % Weighted-average expected award life (in years) 5.5 5.5 1.0 1.0 Dividend yield 2.6 % 3.1 % 2.6 % 2.1 % Weighted-average fair value $ 17.19 $ 12.35 $ 15.64 $ 16.49 The information in the following table covers option activity under the Company’s stock option plans for the thirteen weeks ended May 4, 2019: Weighted- Weighted- Number Average Average of Remaining Exercise Shares Contractual Life Price (in thousands) (in years) (per share) Options outstanding at the beginning of the year 2,861 $ 52.34 Granted 316 58.96 Exercised (156) 27.34 Expired or cancelled (22) 60.56 Options outstanding at May 4, 2019 2,999 6.4 $ 54.28 Options exercisable at May 4, 2019 2,221 5.5 $ 53.74 12. Share-Based Compensation – (continued) The total fair value of options vested as of May 4, 2019 and May 5, 2018 was $6 million and $8 million, respectively. The cash received and tax benefits realized from option exercises was $4 million and $1 million, respectively, for the thirteen weeks ended May 4, 2019. The total intrinsic value of options exercised (the difference between the market price of the Company’s common stock on the exercise date and the price paid by the optionee to exercise the option) is presented below: Thirteen weeks ended May 4, 2019 May 5, 2018 ($ in millions) Exercised $ 5 $ — The aggregate intrinsic value for stock options outstanding, and outstanding and 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: Thirteen weeks ended May 4, 2019 May 5, 2018 ($ in millions) Outstanding $ 20 $ 11 Outstanding and exercisable $ 17 $ 11 As of May 4, 2019 there was $8 million of total unrecognized compensation cost related to nonvested stock options, which is expected to be recognized over a remaining weighted-average period of 1.7 years. The following table summarizes information about stock options outstanding and exercisable at May 4, 2019: Options Outstanding Options Exercisable Weighted- Average Weighted- Weighted- Remaining Average Average Range of Exercise Number Contractual Exercise Number Exercise Prices Outstanding Life Price Exercisable Price (in thousands, except prices per share and contractual life) $9.85 to $18.84 134 1.7 $ 18.44 134 $ 18.44 $24.75 to $34.75 378 3.7 32.09 340 31.79 $44.78 to $45.75 586 7.1 44.91 351 44.99 $46.64 to $62.11 994 6.9 60.07 646 61.16 $63.33 to $73.21 907 7.2 68.54 750 67.71 2,999 6.4 $ 54.28 2,221 $ 53.74 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. Additionally, RSU awards are made to employees in connection with the Company’s long-term incentive program and to nonemployee directors. 12. Share-Based Compensation – (continued) Each RSU represents the right to receive one share of the Company’s common stock provided that the performance and vesting conditions are satisfied. There were no outstanding restricted stock awards as of May 4, 2019 and an insignificant number of restricted stock awards were outstanding as May 5, 2018. Generally, awards fully vest after the passage of time, typically three years. However, RSU awards made in connection with the Company’s performance-based long-term incentive program are earned after the attainment of certain performance metrics and vest after the passage of time. Restricted stock is considered outstanding at the time of grant and the holders have voting rights. Dividends are paid to holders of restricted stock that vest with the passage of time. With regard to performance-based restricted stock, dividends will be accumulated and paid after the performance criteria are met. No dividends are paid or accumulated on any RSU awards. Compensation expense is recognized using the market value at the date of grant and is amortized over the vesting period, provided the recipient continues to be employed by the Company. Restricted stock and RSU activity for the thirteen weeks ended May 4, 2019 is summarized as follows: Weighted-Average Number Remaining Weighted-Average of Contractual Grant Date Shares Life Fair Value (in thousands) (in years) (per share) Nonvested at beginning of year 1,022 $ 47.47 Granted (1) 291 58.95 Vested (72) 63.61 Performance adjustment (2) 10 Expired or cancelled (5) 55.79 Nonvested at May 4, 2019 1,246 $ 49.17 Aggregate value ($ in millions) $ 61 (1) Approximately 0.2 million performance-based RSUs were granted during the first quarter of 2019 and are included as granted in the table above. The number of performance-based RSUs that are ultimately earned may vary from 0% to 200% of target depending on the achievement relative to the Company’s predefined financial performance targets. (2) This represents adjustments made to performance-based RSU awards and reflect changes in estimates based upon the Company’s current performance against predefined financial targets. The total value of awards for which restrictions lapsed during the thirteen weeks ended May 4, 2019 and May 5, 2018 was $5 million for both periods. As of May 4, 2019, there was $41 million of total unrecognized compensation cost related to nonvested awards.

Legal Proceedings

Legal Proceedings	3 Months Ended
	May 04, 2019
Legal Proceedings [Abstract]
Legal Proceedings	13. 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 discontinued by the Company in past years. These legal proceedings include commercial, intellectual property, customer, environmental, and employment-related claims, including a purported class action in New York alleging failure to pay for all hours worked by employees. Additionally, the Company and certain officers of the Company are defendants in a purported securities law class action in New York. The directors and certain officers of the Company are also defendants in related derivative actions. Management does not believe that the outcome of any such legal proceedings pending against the Company or its consolidated subsidiaries, as described above, would have a material adverse effect on the Company’s consolidated financial position, liquidity, or results of operations, taken as a whole, based upon current knowledge and taking into consideration current accruals. Litigation is inherently unpredictable. Judgments could be rendered or settlements made that could adversely affect the Company’s operating results or cash flows in a particular period.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policy)	3 Months Ended
	May 04, 2019
Summary of Significant 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 normal, recurring adjustments necessary for a fair presentation of the results for the interim periods of the fiscal year ending February 1, 2020 and of the fiscal year ended February 2, 2019. 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 February 2, 2019, as filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 2, 2019. Other than the changes to the Leases policies as a result of the recently adopted accounting standards discussed below, there were no significant changes to the policies disclosed in Note 1, Summary of Significant Accounting Policies of our Annual Report on Form 10‑K for the year ended February 2, 2019.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This ASU requires lessees to recognize a lease liability, on a discounted basis, and a right-of-use asset for substantially all leases, as well as additional disclosures regarding leasing arrangements. In July 2018, the FASB issued ASU 2018-11, Leases (Topic 842): Targeted improvements, which provides an optional transition method of applying the new lease standard. Topic 842 can be applied using either a modified retrospective approach at the beginning of the earliest period presented, or as permitted by ASU 2018-11, at the beginning of the period in which it is adopted. The Company adopted Topic 842 on February 3, 2019 (the “effective date”) using the optional transition method, which applies Topic 842 at the beginning of the period in which it is adopted. Prior period amounts have not been adjusted in connection with the adoption of this standard. The Company elected the package of practical expedients under the new standard, which permits companies to not reassess lease classification, lease identification, or initial direct costs for existing or expired leases prior to the effective date. We have lease agreements with non-lease components that relate to the lease components. The Company elected the practical expedient to account for non-lease components and the lease components to which they relate, as a single lease component for all classes of underlying assets. Also, the Company elected to keep short-term leases with an initial term of twelve months or less off the balance sheet. Upon adoption of this new standard, the Company recorded right-of-use assets and lease obligations on the Condensed Consolidated Balance Sheet for our operating leases of $3,148 million and $3,422 million, respectively, as of February 3, 2019. As part of adopting the standard, previously recognized liabilities for deferred rent and lease incentives were reclassified as a component of the right-of-use assets. Additionally upon adoption, we evaluated right-to-use assets for impairment and determined that approximately $29 million of impairment was required related to newly recognized right-to-use assets that would have been impaired in previous periods. This impairment of the right-to-use asset as of February 3, 2019 was recorded, net of related income tax effects, as a $26 million reduction of beginning retained earnings. The standard did not significantly affect our Condensed Consolidated Statements of Income, Comprehensive Income, or Cash Flows. 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.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	May 04, 2019
Revenue [Abstract]
Disaggregation of Revenue	Thirteen weeks ended May 4, May 5, 2019 2018 ($ in millions) Sales by Channel Stores $ 1,758 $ 1,743 Direct-to-customers 320 282 Total sales $ 2,078 $ 2,025
Revenue from External Customers by Geographic Areas	Sales disaggregated based upon geographic area is presented in the below table. Sales are attributable to the geographic area in which the sales transaction is fulfilled. Thirteen weeks ended May 4, May 5, 2019 2018 ($ in millions) Sales by Geography United States $ 1,552 $ 1,501 International 526 524 Total sales $ 2,078 $ 2,025
Activity of Gift Card Liability Balance	($ in millions) Balance at February 3, 2019 $ 35 Redemptions (25) Breakage recognized in sales (2) Activations 22 Balance at May 4, 2019 $ 30

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	May 04, 2019
Segment Information [Abstract]
Sales and Division Operating Results for Reportable Segments	The Company evaluates performance based on several factors, of which the primary financial measure is the banner’s financial results referred to as division profit. Division profit reflects income before income taxes, pension litigation charges, corporate expense, non-operating income, and net interest income. The following table summarizes our results: Thirteen weeks ended May 4, May 5, 2019 2018 ($ in millions) Sales $ 2,078 $ 2,025 Operating Results Division profit 250 247 Less: Pension litigation charges (1) 1 12 Less: Corporate expense (2) 21 11 Income from operations 228 224 Interest income, net 4 2 Other income 2 3 Income before income taxes $ 234 $ 229 3 . Segment Information – (continued) (1) The Company recorded pre-tax charges of $1 million and $12 million for the quarters ended May 4, 2019 and May 5, 2018, respectively, related to a pension litigation matter and the related plan reformation. The charge in the current period reflects professional fees in connection with the plan reformation. The prior year charge reflected adjustments to the value of the judgment and interest that continued to accrue, as required by the provisions of the required plan reformation. Corporate expense consists of unallocated selling, general and administrative expenses as well as depreciation and amortization related to the Company’s corporate headquarters, centrally managed departments, unallocated insurance and benefit programs, certain foreign exchange transaction gains and losses, and other items.

Cash, Cash Equivalents, and R_2

Cash, Cash Equivalents, and Restricted Cash (Tables)	3 Months Ended
	May 04, 2019
Restricted Cash [Abstract]
Reconciliation of Cash and Cash Equivalents	The following table provides a reconciliation of cash and cash equivalents, as reported on our condensed consolidated balance sheets, to cash, cash equivalents, and restricted cash, as reported on our condensed consolidated statements of cash flows. May 4, May 5, 2019 2018 ($ in millions) Cash and cash equivalents $ 1,126 $ 1,029 Restricted cash included in other current assets 5 1 Restricted cash included in other non-current assets 30 181 Cash, cash equivalents, and restricted cash $ 1,161 $ 1,211

Other Intangible Assets, Net (T

Other Intangible Assets, Net (Tables)	3 Months Ended
	May 04, 2019
Goodwill and Other Intangible Assets, Net [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: May 4, 2019 May 5, 2018 Gross Accum. Net Gross Accum. Net ($ in millions) value amort. value value amort. value Amortized intangible assets: (1) Lease acquisition costs $ 116 $ (108) $ 8 $ 128 $ (117) $ 11 Trademarks / trade names 20 (15) 5 20 (14) 6 Favorable leases - - - 7 (6) 1 $ 136 $ (123) $ 13 $ 155 $ (137) $ 18 Indefinite life intangible assets: (1) Runners Point Group trademarks / trade names $ 9 $ 25 Other intangible assets, net $ 22 $ 43 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.
Amortization Expense	The annual review of intangible assets with indefinite lives performed during the first quarter of 2019 did not result in the recognition of impairment. Amortization expense recorded is as follows : Thirteen weeks ended ($ in millions) May 4, 2019 May 5, 2018 Amortization expense $ 1 $ 1
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 2019 $ 2 2020 3 2021 2 2022 2 2023 2 2024 2

Leases (Tables)

Leases (Tables)	3 Months Ended
	May 04, 2019
Leases [Abstract]
Summary of components of lease cost	The components of lease cost as of May 4, 2019 were as follows: ($ in millions) Operating lease costs $ 166 Variable lease costs 84 Short-term lease costs 7 Net lease cost $ 257
Summary of amounts recognized in Condensed Consolidated Balance Sheet related to operating leases	Amounts recognized in the Condensed Consolidated Balance Sheet related to operating leases as of May 4, 2019 were as follows: ($ in millions) Assets Operating lease right-of-use assets $ 3,025 Liabilities Current Operating lease liabilities 499 Noncurrent Operating lease liabilities 2,804 Total lease liabilities $ 3,303
Summary of other information related to operating leases	Weighted average remaining lease term (years) 7.4 Weighted average discount rate 5.5 %
Summary of supplemental cash flow information related to leases	Supplemental cash flow information related to leases as of May 4, 2019 was as follows: ($ in millions) Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 168 Right-of-use assets obtained in exchange for lease obligations: Operating leases 29
Summary of maturities of lease liabilities	Maturities of lease liabilities as of May 4, 2019 are as follows: ($ in millions) Remainder of 2019 $ 503 2020 628 2021 581 2022 526 2023 455 Thereafter 1,374 Total lease payments 4,067 Less: Interest 764 Total lease liabilities $ 3,303
Summary of estimated future minimum non-cancellable lease commitments	($ in millions) 2019 $ 672 2020 631 2021 583 2022 527 2023 456 Thereafter 1,408 Total operating lease commitments $ 4,277

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	May 04, 2019
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Loss	Accumulated other comprehensive loss (“AOCL”), net of tax, is comprised of the following: May 4, May 5, February 2, 2019 2018 2019 ($ in millions) Foreign currency translation adjustments $ (99) $ (47) $ (84) Cash flow hedges (2) 1 — Unrecognized pension cost and postretirement benefit (283) (267) (286) $ (384) $ (313) $ (370)
Changes in Accumulated Other Comprehensive Loss	8. Accumulated Other Comprehensive Loss – (continued) The changes in AOCL for the thirteen weeks ended May 4, 2019 were as follows: Foreign Items Related Currency to Pension and Translation Cash Flow Postretirement ($ in millions) Adjustments Hedges Benefits Total Balance as of February 2, 2019 $ (84) $ — $ (286) $ (370) OCI before reclassification (15) (2) 1 (16) Amortization of pension actuarial loss, net of tax — — 2 2 Other comprehensive income (15) (2) 3 (14) Balance as of May 4, 2019 $ (99) $ (2) $ (283) $ (384)
Reclassification from Accumulated Other Comprehensive Loss	Reclassifications from AOCL for the thirteen weeks ended May 4, 2019 were as follows: ($ in millions) Amortization of actuarial (gain) loss: Pension benefits- amortization of actuarial loss $ 3 Postretirement benefits- amortization of actuarial gain — Net periodic benefit cost (see Note 11) 3 Income tax benefit (1) Total, net of tax $ 2

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	May 04, 2019
Fair Value Measurements [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis	9. Fair Value Measurements – (continued) The following table provides a summary of the Company’s recognized assets and liabilities that are measured at fair value on a recurring basis: As of May 4, 2019 As of May 5, 2018 ($ in millions) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets Equity investments $ — $ 133 $ — $ — $ — $ — Available-for-sale security — 6 — — 6 — Foreign exchange forward contracts — 1 — — 1 — Total Assets $ — $ 140 $ — $ — $ 7 $ — Liabilities Foreign exchange forward contracts — 3 — — 1 — Total Liabilities $ — $ 3 $ — $ — $ 1 $ —
Carrying Value and Estimated Fair Value of Long-Term Debt	The carrying value and estimated fair value of long-term debt were as follows: May 4, May 5, 2019 2018 ($ in millions) Carrying value $ 123 $ 125 Fair value $ 136 $ 142

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	May 04, 2019
Earnings Per Share [Abstract]
Basic and Diluted Weighted-Average Number of Common Shares Outstanding	10. Earnings Per Share – (continued) The computation of basic and diluted earnings per share is as follows: Thirteen weeks ended May 4, May 5, 2019 2018 (in millions, except per share data) Net Income $ 172 $ 165 Weighted-average common shares outstanding 112.4 118.7 Dilutive effect of potential common shares 0.7 0.4 Weighted-average common shares outstanding assuming dilution 113.1 119.1 Earnings per share - basic $ 1.53 $ 1.39 Earnings per share - diluted $ 1.52 $ 1.38 Anti-dilutive share-based awards excluded from diluted calculation 1.6 2.2

Pension and Postretirement Pl_2

Pension and Postretirement Plans (Tables)	3 Months Ended
	May 04, 2019
Pension and Postretirement Plans [Abstract]
Net Benefit Expense (Income)	The following are the components of net periodic pension benefit cost and net periodic postretirement benefit income. Service cost is recognized as part of SG&A expense, while the remaining pension and postretirement expense components are recognized as part of other income. Pension Benefits Postretirement Benefits Thirteen weeks ended Thirteen weeks ended May 4, May 5, May 4, May 5, 2019 2018 2019 2018 ($ in millions) Service cost $ 5 $ 5 $ — $ — Interest cost 7 6 — — Expected return on plan assets (9) (10) — — Amortization of net loss (gain) 3 3 — — Net benefit expense (income) $ 6 $ 4 $ — $ —

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	May 04, 2019
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 May 4, May 5, 2019 2018 Options and shares purchased under the employee stock purchase plan $ 2 $ 2 Restricted stock and restricted stock units 5 3 Total share-based compensation expense $ 7 $ 5 Tax benefit recognized $ 1 $ 1
Assumptions used to Compute Share-Based Compensation Expense	The following table shows the Company’s assumptions used to compute share-based compensation expense for awards granted during the thirteen weeks ended May 4, 2019 and May 5, 2018: Stock Option Plans Stock Purchase Plan May 4, May 5, May 4, May 5, 2019 2018 2019 2018 Weighted-average risk free rate of interest 2.2 % 2.7 % 2.3 % 1.2 % Expected volatility 38 % 37 % 59 % 30 % Weighted-average expected award life (in years) 5.5 5.5 1.0 1.0 Dividend yield 2.6 % 3.1 % 2.6 % 2.1 % Weighted-average fair value $ 17.19 $ 12.35 $ 15.64 $ 16.49
Options Granted under Stock Option Plans	The information in the following table covers option activity under the Company’s stock option plans for the thirteen weeks ended May 4, 2019: Weighted- Weighted- Number Average Average of Remaining Exercise Shares Contractual Life Price (in thousands) (in years) (per share) Options outstanding at the beginning of the year 2,861 $ 52.34 Granted 316 58.96 Exercised (156) 27.34 Expired or cancelled (22) 60.56 Options outstanding at May 4, 2019 2,999 6.4 $ 54.28 Options exercisable at May 4, 2019 2,221 5.5 $ 53.74
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 May 4, 2019 May 5, 2018 ($ in millions) Exercised $ 5 $ —
Aggregate Intrinsic Value for Stock Options Outstanding and Exercisable	The aggregate intrinsic value for stock options outstanding, and outstanding and 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: Thirteen weeks ended May 4, 2019 May 5, 2018 ($ in millions) Outstanding $ 20 $ 11 Outstanding and exercisable $ 17 $ 11
Information about Stock Options Outstanding and Exercisable	The following table summarizes information about stock options outstanding and exercisable at May 4, 2019: Options Outstanding Options Exercisable Weighted- Average Weighted- Weighted- Remaining Average Average Range of Exercise Number Contractual Exercise Number Exercise Prices Outstanding Life Price Exercisable Price (in thousands, except prices per share and contractual life) $9.85 to $18.84 134 1.7 $ 18.44 134 $ 18.44 $24.75 to $34.75 378 3.7 32.09 340 31.79 $44.78 to $45.75 586 7.1 44.91 351 44.99 $46.64 to $62.11 994 6.9 60.07 646 61.16 $63.33 to $73.21 907 7.2 68.54 750 67.71 2,999 6.4 $ 54.28 2,221 $ 53.74
Restricted Share and Unit Activity	Restricted stock and RSU activity for the thirteen weeks ended May 4, 2019 is summarized as follows: Weighted-Average Number Remaining Weighted-Average of Contractual Grant Date Shares Life Fair Value (in thousands) (in years) (per share) Nonvested at beginning of year 1,022 $ 47.47 Granted (1) 291 58.95 Vested (72) 63.61 Performance adjustment (2) 10 Expired or cancelled (5) 55.79 Nonvested at May 4, 2019 1,246 $ 49.17 Aggregate value ($ in millions) $ 61 (1) Approximately 0.2 million performance-based RSUs were granted during the first quarter of 2019 and are included as granted in the table above. The number of performance-based RSUs that are ultimately earned may vary from 0% to 200% of target depending on the achievement relative to the Company’s predefined financial performance targets. (2) This represents adjustments made to performance-based RSU awards and reflect changes in estimates based upon the Company’s current performance against predefined financial targets.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Millions	Feb. 03, 2019	May 04, 2019
Significant Accounting Policies [Line Items]
Cumulative effect of the adoption new ASUs		$ 26
Operating Lease, Liability		3,303
Operating Lease, Right-of-Use Asset		$ 3,025
Accounting Standards Update 2016-02 [Member]
Significant Accounting Policies [Line Items]
Cumulative effect of the adoption new ASUs	$ 26
Operating Lease, Impairment Loss	29
Restatement Adjustment [Member] | Accounting Standards Update 2016-02 [Member]
Significant Accounting Policies [Line Items]
Operating Lease, Liability	3,422
Operating Lease, Right-of-Use Asset	$ 3,148

Revenue (Schedule of Sales Disa

Revenue (Schedule of Sales Disaggregated by Sales Channel) (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Sales	$ 2,078	$ 2,025
Store Sales Channel [Member]
Sales	1,758	1,743
Direct to Customers Sales Channel [Member]
Sales	$ 320	$ 282

Revenue (Schedule of Sales Di_2

Revenue (Schedule of Sales Disaggregated by Geographic Area) (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Sales	$ 2,078	$ 2,025
United States of America [Member]
Sales	1,552	1,501
International [Member]
Sales	$ 526	$ 524

Revenue (Activity of Gift Card

Revenue (Activity of Gift Card Liability Balance) (Details) $ in Millions	3 Months Ended
	May 04, 2019USD ($)
Accrued gift card liability at beginning of period	$ 35
Accrued gift card liability at end of period	30
Gift Card Redemption Revenue [Member]
Revenue recognized	(25)
Gift Card Breakage Revenue [Member]
Revenue recognized	(2)
Gift Card Activations [Member]
Activations	$ 22

Segment Information (Narrative)

Segment Information (Narrative) (Details)	3 Months Ended
	May 04, 2019segment
Segment Information [Abstract]
Operating segments	3
Number of reportable segments	1

Segment Information (Sales and

Segment Information (Sales and Division Operating Results for Reportable Segments) (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Segment Information [Abstract]
Sales	$ 2,078	$ 2,025
Division profit	250	247
Less: Pension litigation charges	1	12
Less: Corporate expense	21	11
Income from operations	228	224
Interest income, net	4	2
Other income	2	3
Income before income taxes	$ 234	$ 229

Cash, Cash Equivalents, and R_3

Cash, Cash Equivalents, and Restricted Cash (Reconciliation of Cash and Cash Equivalents) (Details) - USD ($) $ in Millions	May 04, 2019	Feb. 02, 2019		May 05, 2018	Feb. 03, 2018
Restricted Cash [Abstract]
Cash and cash equivalents	$ 1,126	$ 891	[1]	$ 1,029
Restricted cash included in other current assets	5			1
Restricted cash included in other non-current assets	30			181
Cash, cash equivalents, and restricted cash	$ 1,161	$ 981		$ 1,211	$ 1,031
[1]	The balance sheet at February 2, 2019 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 10K for the year ended February 2, 2019.

Cash, Cash Equivalents, and R_4

Cash, Cash Equivalents, and Restricted Cash (Narrative) (Details) $ in Millions	Dec. 31, 2017USD ($)
Restricted Cash [Abstract]
Qualified Settlement Fund	$ 150

Goodwill (Narrative) (Details)

Goodwill (Narrative) (Details)	3 Months Ended
	May 04, 2019itemsegment
Goodwill and Other Intangible Assets, Net [Abstract]
Number of reportable segments | segment	1
Number of reporting units | item	3

Other Intangible Assets, Net (S

Other Intangible Assets, Net (Schedule of Other Intangible Assets) (Details) - USD ($) $ in Millions	May 04, 2019	Feb. 02, 2019	[1]	May 05, 2018
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value	$ 136			$ 155
Amortized intangible assets, Accum. amort.	(123)			(137)
Amortized intangible assets, Net value	13			18
Other intangible assets, net	22	$ 24		43
Lease Acquisition Costs [Member]
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value	116			128
Amortized intangible assets, Accum. amort.	(108)			(117)
Amortized intangible assets, Net value	8			11
Trademarks and Trade Names [Member]
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value	20			20
Amortized intangible assets, Accum. amort.	(15)			(14)
Amortized intangible assets, Net value	5			6
Favorable Leases [Member]
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value				7
Amortized intangible assets, Accum. amort.				(6)
Amortized intangible assets, Net value				1
Trademarks and Trade Names [Member]
Intangible Assets by Major Class [Line Items]
Indefinite life intangible assets, Net Value	$ 9			$ 25
[1]	The balance sheet at February 2, 2019 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 10K for the year ended February 2, 2019.

Other Intangible Assets, Net (A

Other Intangible Assets, Net (Amortization Expense) (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Goodwill and Other Intangible Assets, Net [Abstract]
Amortization expense	$ 1	$ 1

Other Intangible Assets, Net (E

Other Intangible Assets, Net (Estimated Future Amortization Expense for Finite Lived Intangibles) (Details) $ in Millions	May 04, 2019USD ($)
Goodwill and Other Intangible Assets, Net [Abstract]
Remainder of 2019	$ 2
2020	3
2021	2
2022	2
2023	2
2024	$ 2

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2018	May 04, 2019
Schedule Of Operating Leases [Line Items]
Rental expense for operating leases	$ 185
Minimum rentals	179
Contingent rentals	7
Sublease income	$ 1
Minimum [Member]
Schedule Of Operating Leases [Line Items]
Operating lease period		5 years
Maximum [Member]
Schedule Of Operating Leases [Line Items]
Operating lease period		10 years

Leases (Lease Cost) (Details)

Leases (Lease Cost) (Details) $ in Millions	3 Months Ended
	May 04, 2019USD ($)
Components of lease cost
Operating lease costs	$ 166
Variable lease costs	84
Short-term lease costs	7
Net lease cost	$ 257

Leases (Operating Lease) (Detai

Leases (Operating Lease) (Details) $ in Millions	May 04, 2019USD ($)
Amounts recognized in the Condensed Consolidated Balance Sheet related to operating leases
Operating lease right-of-use assets	$ 3,025
Current portion of lease obligations	499
Noncurrent: Operating lease liabilities	2,804
Total lease liabilities	$ 3,303

Leases (Other and Supplement Ca

Leases (Other and Supplement Cash Flow) (Details) $ in Millions	3 Months Ended
	May 04, 2019USD ($)
Leases [Abstract]
Weighted average remaining lease term (years)	7 years 4 months 24 days
Weighted average discount rate	5.50%
Operating cash flows from operating leases	$ 168
Operating leases	$ 29

Leases (Future Minimum Lease Pa

Leases (Future Minimum Lease Payments Under Non-Cancelable Operating Leases Net of Future Non-Cancelable Operating Sublease Payments) (Details) - USD ($) $ in Millions	May 04, 2019	Feb. 02, 2019
Maturities of lease liabilities
Remainder of 2019	$ 503
2020	628
2021	581
2021	526
2023	455
Thereafter	1,374
Total lease payments	4,067
Less: Interest	764
Total lease liabilities	$ 3,303
Estimated future minimum noncancelable lease commitments
2019		$ 672
2020		631
2021		583
2022		527
2023		456
Thereafter		1,408
Total operating lease commitments		$ 4,277

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Schedule of Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Millions	May 04, 2019	Feb. 02, 2019		May 05, 2018
Accumulated Other Comprehensive Loss [Abstract]
Foreign currency translation adjustments	$ (99)	$ (84)		$ (47)
Cash flow hedges	(2)			1
Unrecognized pension cost and postretirement benefit	(283)	(286)		(267)
Accumulated other comprehensive loss ("AOCL"), net of tax	$ (384)	$ (370)	[1]	$ (313)
[1]	The balance sheet at February 2, 2019 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 10K for the year ended February 2, 2019.

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (Changes in Accumulated Other Comprehensive Loss) (Details) $ in Millions	3 Months Ended
	May 04, 2019USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ (370)	[1]
OCI before reclassification	(16)
Amortization of pension actuarial loss, net of tax	2
Other comprehensive income	(14)
Ending Balance	(384)
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(84)
OCI before reclassification	(15)
Amortization of pension actuarial loss, net of tax
Other comprehensive income	(15)
Ending Balance	(99)
Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance
OCI before reclassification	(2)
Amortization of pension actuarial loss, net of tax
Other comprehensive income	(2)
Ending Balance	(2)
Items Related to Pension and Postretirement Benefits [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(286)
OCI before reclassification	1
Amortization of pension actuarial loss, net of tax	2
Other comprehensive income	3
Ending Balance	$ (283)
[1]	The balance sheet at February 2, 2019 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 10K for the year ended February 2, 2019.

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Loss (Reclassifications from Accumulated Other Comprehensive Loss) (Details) $ in Millions	3 Months Ended
	May 04, 2019USD ($)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net periodic benefit cost (see Note 11)	$ 3
Income tax benefit	(1)
Total, net of tax	2
Pension Benefits [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net periodic benefit cost (see Note 11)	$ 3

Fair Value Measurements (Assets

Fair Value Measurements (Assets and Liabilities Measured at Fair Value on Recurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Millions	May 04, 2019	May 05, 2018
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis
Liabilities measured at fair value on recurring basis
Level 1 [Member] | Available-for-sale Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis	140	7
Liabilities measured at fair value on recurring basis	3	1
Level 2 [Member] | Investment in Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis	133
Level 2 [Member] | Available-for-sale Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis	6	6
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis
Liabilities measured at fair value on recurring basis
Level 3 [Member] | Available-for-sale Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis
Forward Foreign Exchange Contracts [Member] | Level 1 [Member] | Derivative Financial Instruments, Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities measured at fair value on recurring basis
Forward Foreign Exchange Contracts [Member] | Level 1 [Member] | Derivative Financial Instruments, Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis
Forward Foreign Exchange Contracts [Member] | Level 2 [Member] | Derivative Financial Instruments, Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities measured at fair value on recurring basis	3	1
Forward Foreign Exchange Contracts [Member] | Level 2 [Member] | Derivative Financial Instruments, Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis	1	1
Forward Foreign Exchange Contracts [Member] | Level 3 [Member] | Derivative Financial Instruments, Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities measured at fair value on recurring basis
Forward Foreign Exchange Contracts [Member] | Level 3 [Member] | Derivative Financial Instruments, Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis

Fair Value Measurements (Carryi

Fair Value Measurements (Carrying Value and Estimated Fair Value of Long-Term Debt) (Details) - USD ($) $ in Millions	May 04, 2019	Feb. 02, 2019	[1]	May 05, 2018
Fair Value Measurements [Abstract]
Long-term debt, Carrying value	$ 123	$ 124		$ 125
Long-term debt, Fair value	$ 136			$ 142
[1]	The balance sheet at February 2, 2019 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 10K for the year ended February 2, 2019.

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Earnings Per Share [Abstract]
Contingently issuable shares excluded from diluted earnings per share	0.8	1.1

Earnings Per Share (Computation

Earnings Per Share (Computation of Basic and Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income/(loss)	$ 172	$ 165
Weighted-average common shares outstanding	112.4	118.7
Dilutive effect of potential common shares	0.7	0.4
Weighted-average common shares outstanding assuming dilution	113.1	119.1
Earnings per share - basic	$ 1.53	$ 1.39
Earnings per share - diluted	$ 1.52	$ 1.38
Stock Option Plans [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive share-based awards excluded from diluted calculation	1.6	2.2

Pension and Postretirement Pl_3

Pension and Postretirement Plans (Narrative) (Details) $ in Millions	1 Months Ended
	Mar. 31, 2019USD ($)
U.S. Qualified Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Employer's contribution	$ 55

Pension and Postretirement Pl_4

Pension and Postretirement Plans (Net Benefit Expense (Income)) (Details) - Pension Benefits [Member] - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 5	$ 5
Interest cost	7	6
Expected return on plan assets	(9)	(10)
Amortization of net loss (gain)	3	3
Net benefit expense (income)	$ 6	$ 4

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) - USD ($) shares in Thousands, $ in Millions		3 Months Ended
		May 04, 2019	May 05, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds from exercise of stock options		$ 4
Stock Option Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of options vested		6	$ 8
Proceeds from exercise of stock options		4
Tax benefit realized from options exercised		1
Restricted Stock and Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost		$ 41
Share-based compensation arrangement by share-based payment award, non-option equity instruments, outstanding, number		0
Fair value of awards		$ 5	$ 5
Awards vesting period description		Generally, awards fully vest after the passage of time, typically three years. However, RSU awards made in connection with the Company's performance-based long-term incentive program are earned after the attainment of certain performance metrics and vest after the passage of time.
Awards granted	[1]	291
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted		200
Performance Shares [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award, Target Percentage of Equity Awards Earned Over Performance Period		200.00%
Performance Shares [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award, Target Percentage of Equity Awards Earned Over Performance Period		0.00%
Nonvested Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost		$ 8
Unrecognized compensation cost related to nonvested stock options, weighted-average period expected to be recognized		1 year 8 months 12 days
[1]	Approximately 0.2 million performance-based RSUs were granted during the first quarter of 2019 and are included as granted in the table above. The number of performance-based RSUs that are ultimately earned may vary from 0% to 200% of target depending on the achievement relative to the Company’s predefined financial performance targets.

Share-Based Compensation (Total

Share-Based Compensation (Total Compensation Expense Included in SG&A and the Related Tax Benefits Recognized) (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total share-based compensation expense	$ 7	$ 5
Tax benefit recognized	1	1
Stock Option Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated share-based compensation expense	2	2
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated share-based compensation expense	$ 5	$ 3

Share-Based Compensation (Assum

Share-Based Compensation (Assumptions Used to Compute Share-Based Compensation Expense) (Details) - $ / shares	3 Months Ended
	May 04, 2019	May 05, 2018
Stock Option Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average risk free rate of interest	2.20%	2.70%
Expected volatility	38.00%	37.00%
Weighted-average expected award life (in years)	5 years 6 months	5 years 6 months
Dividend yield	2.60%	3.10%
Weighted-average fair value	$ 17.19	$ 12.35
2013 ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average risk free rate of interest	2.30%	1.20%
Expected volatility	59.00%	30.00%
Weighted-average expected award life (in years)	1 year	1 year
Dividend yield	2.60%	2.10%
Weighted-average fair value	$ 15.64	$ 16.49

Share-Based Compensation (Optio

Share-Based Compensation (Options Granted Under Stock Option Plans) (Details) shares in Thousands	3 Months Ended
	May 04, 2019$ / sharesshares
Number of Shares
Options outstanding at beginning of year | shares	2,861
Granted | shares	316
Exercised | shares	(156)
Expired or cancelled | shares	(22)
Options outstanding at end of period | shares	2,999
Options exercisable at end of period | shares	2,221
Weighted-Average Exercise Price
Options outstanding at beginning of year | $ / shares	$ 52.34
Granted | $ / shares	58.96
Exercised | $ / shares	27.34
Expired or cancelled | $ / shares	60.56
Options outstanding at end of period | $ / shares	54.28
Options exercisable at end of period | $ / shares	$ 53.74
Options outstanding, weighted-average remaining contractual life	6 years 4 months 24 days
Options exercisable at end of period, Weighted-average remaining contractual life	5 years 6 months

Share-Based Compensation (Tot_2

Share-Based Compensation (Total Intrinsic Value of Options Exercised) (Details) - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Intrinsic value of stock options
Exercised	$ 5

Share-Based Compensation (Aggre

Share-Based Compensation (Aggregate Intrinsic Value for Stock Options Outstanding and Exercisable) (Details) - USD ($) $ in Millions	May 04, 2019	May 05, 2018
Share-Based Compensation [Abstract]
Outstanding	$ 20	$ 11
Outstanding and exercisable	$ 17	$ 11

Share-Based Compensation (Infor

Share-Based Compensation (Information about Stock Options Outstanding and Exercisable) (Details) - $ / shares shares in Thousands	3 Months Ended
	May 04, 2019	Feb. 02, 2019
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Number of Shares	2,999	2,861
Options outstanding, weighted-average remaining contractual life	6 years 4 months 24 days
Options Outstanding, Weighted-Average Exercise Price	$ 54.28	$ 52.34
Options Exercisable, Number of Shares	2,221
Options Exercisable, Weighted-Average Exercise Price	$ 53.74
$9.85 to $18.84 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit	9.85
Range of Exercise Prices, Upper Limit	$ 18.84
Options Outstanding, Number of Shares	134
Options outstanding, weighted-average remaining contractual life	1 year 8 months 12 days
Options Outstanding, Weighted-Average Exercise Price	$ 18.44
Options Exercisable, Number of Shares	134
Options Exercisable, Weighted-Average Exercise Price	$ 18.44
$24.75 to $34.75 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit	24.75
Range of Exercise Prices, Upper Limit	$ 34.75
Options Outstanding, Number of Shares	378
Options outstanding, weighted-average remaining contractual life	3 years 8 months 12 days
Options Outstanding, Weighted-Average Exercise Price	$ 32.09
Options Exercisable, Number of Shares	340
Options Exercisable, Weighted-Average Exercise Price	$ 31.79
$44.78 to $45.75 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit	44.78
Range of Exercise Prices, Upper Limit	$ 45.75
Options Outstanding, Number of Shares	586
Options outstanding, weighted-average remaining contractual life	7 years 1 month 6 days
Options Outstanding, Weighted-Average Exercise Price	$ 44.91
Options Exercisable, Number of Shares	351
Options Exercisable, Weighted-Average Exercise Price	$ 44.99
$46.64 to $62.11 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit	46.64
Range of Exercise Prices, Upper Limit	$ 62.11
Options Outstanding, Number of Shares	994
Options outstanding, weighted-average remaining contractual life	6 years 10 months 24 days
Options Outstanding, Weighted-Average Exercise Price	$ 60.07
Options Exercisable, Number of Shares	646
Options Exercisable, Weighted-Average Exercise Price	$ 61.16
$63.33 to $73.21 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit	63.33
Range of Exercise Prices, Upper Limit	$ 73.21
Options Outstanding, Number of Shares	907
Options outstanding, weighted-average remaining contractual life	7 years 2 months 12 days
Options Outstanding, Weighted-Average Exercise Price	$ 68.54
Options Exercisable, Number of Shares	750
Options Exercisable, Weighted-Average Exercise Price	$ 67.71

Share-Based Compensation (Chang

Share-Based Compensation (Changes in Nonvested Options) (Details) - Restricted Stock and Units [Member] $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	May 04, 2019USD ($)$ / sharesshares
Number of Shares
Nonvested, Beginning Balance	1,022
Granted	291	[1]
Vested	(72)
Performance adjustment	10
Expired or cancelled	(5)	[2]
Nonvested, Ending Balance	1,246
Aggregate value | $	$ 61
Wtg. Avg. remaining contractual life (in years)	2 years
Weighted-Average Grant Date Fair Value per Share
Nonvested, Beginning Balance | $ / shares	$ 47.47
Granted | $ / shares	58.95	[1]
Vested | $ / shares	63.61
Cancelled | $ / shares	55.79	[2]
Nonvested, Ending Balance | $ / shares	$ 49.17
[1]	Approximately 0.2 million performance-based RSUs were granted during the first quarter of 2019 and are included as granted in the table above. The number of performance-based RSUs that are ultimately earned may vary from 0% to 200% of target depending on the achievement relative to the Company’s predefined financial performance targets.
[2]	This represents adjustments made to performance-based RSU awards and reflect changes in estimates based upon the Company’s current performance against predefined financial targets.