Document_and_Entity_Informatio
Document and Entity Information | 6 Months Ended |
Aug. 02, 2014 | |
Document and Entity Information [Abstract] | ' |
Entity Registrant Name | 'KOHLS CORP |
Entity Central Index Key | '0000885639 |
Current Fiscal Year End Date | '--01-31 |
Entity Filer Category | 'Large Accelerated Filer |
Trading Symbol | 'KSS |
Document Type | '10-Q |
Document Period End Date | 2-Aug-14 |
Document Fiscal Year Focus | '2014 |
Document Fiscal Period Focus | 'Q2 |
Amendment Flag | 'false |
Entity Common Stock, Shares Outstanding | 204,668,449 |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Aug. 02, 2014 | Feb. 01, 2014 | Aug. 03, 2013 |
In Millions, unless otherwise specified | |||
Current assets: | ' | ' | ' |
Cash and cash equivalents | $746 | $971 | $592 |
Merchandise inventories | 3,899 | 3,874 | 3,856 |
Deferred income taxes | 132 | 142 | 150 |
Other | 300 | 305 | 284 |
Total current assets | 5,077 | 5,292 | 4,882 |
Property and equipment, net | 8,686 | 8,745 | 8,891 |
Other assets | 338 | 341 | 324 |
Total assets | 14,101 | 14,378 | 14,097 |
Current liabilities: | ' | ' | ' |
Accounts payable | 1,479 | 1,365 | 1,396 |
Accrued liabilities | 1,057 | 1,138 | 1,065 |
Income taxes payable | 43 | 94 | 75 |
Current portion of capital lease and financing obligations | 105 | 139 | 147 |
Total current liabilities | 2,684 | 2,736 | 2,683 |
Long-term debt | 2,792 | 2,792 | 2,492 |
Capital lease and financing obligations | 1,896 | 1,930 | 1,948 |
Deferred income taxes | 358 | 382 | 381 |
Other long-term liabilities | 562 | 560 | 540 |
Shareholders’ equity: | ' | ' | ' |
Common stock | 4 | 4 | 4 |
Paid-in capital | 2,638 | 2,598 | 2,516 |
Treasury stock, at cost | -8,459 | -8,052 | -7,531 |
Accumulated other comprehensive loss | -30 | -34 | -39 |
Retained earnings | 11,656 | 11,462 | 11,103 |
Total shareholders’ equity | 5,809 | 5,978 | 6,053 |
Total liabilities and shareholders’ equity | $14,101 | $14,378 | $14,097 |
CONSOLIDATED_STATEMENTS_OF_INC
CONSOLIDATED STATEMENTS OF INCOME (USD $) | 3 Months Ended | 6 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Aug. 02, 2014 | Aug. 03, 2013 | Aug. 02, 2014 | Aug. 03, 2013 |
Net sales | $4,242 | $4,289 | $8,312 | $8,488 |
Cost of merchandise sold | 2,588 | 2,613 | 5,162 | 5,284 |
Gross margin | 1,654 | 1,676 | 3,150 | 3,204 |
Operating expenses: | ' | ' | ' | ' |
Selling, general and administrative | 981 | 1,000 | 1,981 | 1,997 |
Depreciation and amortization | 222 | 225 | 438 | 439 |
Operating income | 451 | 451 | 731 | 768 |
Interest expense, net | 85 | 84 | 170 | 167 |
Income before income taxes | 366 | 367 | 561 | 601 |
Provision for income taxes | 134 | 136 | 204 | 223 |
Net income | $232 | $231 | $357 | $378 |
Net income per share: | ' | ' | ' | ' |
Basic (in dollars per share) | $1.14 | $1.05 | $1.74 | $1.71 |
Diluted (in dollars per share) | $1.13 | $1.04 | $1.73 | $1.70 |
Dividends declared and paid per share | $0.39 | $0.35 | $0.78 | $0.70 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) | 3 Months Ended | 6 Months Ended | ||
In Millions, unless otherwise specified | Aug. 02, 2014 | Aug. 03, 2013 | Aug. 02, 2014 | Aug. 03, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net income | $232 | $231 | $357 | $378 |
Other comprehensive income, net of tax: | ' | ' | ' | ' |
Unrealized gains on investments | 2 | 0 | 2 | 4 |
Reclassification adjustment for interest expense on interest rate derivative included in net income | 1 | 1 | 2 | 2 |
Other comprehensive income | 3 | 1 | 4 | 6 |
Comprehensive income | $235 | $232 | $361 | $384 |
CONSOLIDATED_STATEMENT_OF_CHAN
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (USD $) | Total | Common Stock | Paid-In Capital | Treasury Stock | Accumulated Other Comprehensive Income (Loss) | Retained Earnings [Member] |
In Millions | ||||||
Beginning Balance at Feb. 01, 2014 | $5,978 | $4 | $2,598 | ($8,052) | ($34) | $11,462 |
Beginning Balance (in shares) at Feb. 01, 2014 | ' | 364 | ' | -153 | ' | ' |
Long-term Investments | 82 | ' | ' | ' | ' | ' |
Comprehensive income (loss) | 361 | ' | ' | ' | 4 | ' |
Net income | 357 | ' | ' | ' | ' | 357 |
Stock options and awards, (in shares) | ' | 1 | ' | -1 | ' | ' |
Stock options and awards | 23 | ' | 40 | ' | ' | ' |
Stock Issued During Period, Value, Stock Options Exercised | ' | ' | ' | -17 | ' | ' |
Dividends paid ($0.78 per common share) | -161 | ' | 0 | 2 | ' | -163 |
Treasury stock purchases, (in shares) | ' | ' | ' | -7 | ' | ' |
Treasury stock purchases | -392 | ' | ' | -392 | ' | ' |
Long Term Investments Fair Value | 68 | ' | ' | ' | ' | ' |
Ending Balance at Aug. 02, 2014 | $5,809 | $4 | $2,638 | ($8,459) | ($30) | $11,656 |
Ending Balance (in shares) at Aug. 02, 2014 | ' | 365 | ' | -161 | ' | ' |
CONSOLIDATED_STATEMENT_OF_CHAN1
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Aug. 02, 2014 | Aug. 03, 2013 | Aug. 02, 2014 | Aug. 03, 2013 |
Dividends declared and paid per share | $0.39 | $0.35 | $0.78 | $0.70 |
Treasury Stock | ' | ' | ' | ' |
Stock Issued During Period Shares Stock Options Exercised And Restricted Stock Grants | ' | ' | -1 | ' |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 6 Months Ended | |
In Millions, unless otherwise specified | Aug. 02, 2014 | Aug. 03, 2013 |
Operating activities | ' | ' |
Net income | $357 | $378 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 438 | 439 |
Share-based compensation | 24 | 27 |
Excess tax benefits from share-based compensation | -2 | -2 |
Deferred income taxes | -17 | -12 |
Other non-cash revenues and expenses | 11 | 18 |
Changes in operating assets and liabilities: | ' | ' |
Merchandise inventories | -20 | -103 |
Other current and long-term assets | 3 | 22 |
Accounts payable | 114 | 89 |
Accrued and other long-term liabilities | -103 | -20 |
Income taxes | -75 | -74 |
Net cash provided by operating activities | 730 | 762 |
Investing activities | ' | ' |
Acquisition of property and equipment | -374 | -284 |
Other | 6 | 14 |
Net cash used in investing activities | -368 | -270 |
Financing activities | ' | ' |
Treasury stock purchases | -392 | -266 |
Shares withheld for taxes on vested restricted shares | -16 | -13 |
Dividends paid | -160 | -153 |
Proceeds from financing obligations | 3 | 0 |
Capital lease and financing obligation payments | -61 | -52 |
Proceeds from stock option exercises | 37 | 46 |
Excess tax benefits from share-based compensation | 2 | 2 |
Payments of Financing Costs | 0 | -1 |
Net cash used in financing activities | -587 | -437 |
Net increase (decrease) in cash and cash equivalents | -225 | 55 |
Cash and cash equivalents at beginning of period | 971 | ' |
Cash and cash equivalents at end of period | 746 | 592 |
Supplemental information: | ' | ' |
Interest paid, net of capitalized interest | 171 | 162 |
Income taxes paid | 295 | 308 |
Non-Cash Investing and Financing Activities | ' | ' |
Property and equipment acquired through additional liabilities | $22 | $100 |
Basis_of_Presentation
Basis of Presentation | 6 Months Ended |
Aug. 02, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Business and Summary of Accounting Policies | ' |
Basis of Presentation | |
The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for fiscal year end financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. For further information, refer to the financial statements and related footnotes included in our Annual Report on Form 10-K for the fiscal year ended February 1, 2014 (Commission File No. 1-11084) as filed with the Securities and Exchange Commission on March 21, 2014. | |
Due to the seasonality of our business, results for any quarter are not necessarily indicative of the results that may be achieved for a full fiscal year. In addition, quarterly results of operations may be impacted by the timing and amount of sales and costs associated with the opening of new stores. | |
We operate as a single business unit. | |
In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes the revenue recognition requirements in ASC 605, Revenue Recognition. This ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We are required to adopt the new pronouncement in the first quarter of fiscal 2017 using one of two retrospective application methods. We are evaluating the application method and the impact of this new statement on our financial statements. |
Debt
Debt | 6 Months Ended | |||||||||||||
Aug. 02, 2014 | ||||||||||||||
Debt [Abstract] | ' | |||||||||||||
Debt | ' | |||||||||||||
Debt | ||||||||||||||
Long-term debt consists of the following unsecured senior debt: | ||||||||||||||
Outstanding | ||||||||||||||
Maturity | Effective | Coupon Rate | 2-Aug-14 | August 3, 2013 | ||||||||||
Rate | and | |||||||||||||
1-Feb-14 | ||||||||||||||
(Dollars in Millions) | ||||||||||||||
2017 | 6.31 | % | 6.25 | % | $ | 650 | $ | 650 | ||||||
2021 | 4.81 | % | 4 | % | 650 | 650 | ||||||||
2023 | 3.25 | % | 3.25 | % | 350 | 350 | ||||||||
2023 | 4.78 | % | 4.75 | % | 300 | — | ||||||||
2029 | 7.36 | % | 7.25 | % | 200 | 200 | ||||||||
2033 | 6.05 | % | 6 | % | 300 | 300 | ||||||||
2037 | 6.89 | % | 6.88 | % | 350 | 350 | ||||||||
5.54 | % | 2,800 | 2,500 | |||||||||||
Unamortized debt discount | (8 | ) | (8 | ) | ||||||||||
Long-term debt | $ | 2,792 | $ | 2,492 | ||||||||||
Fair_Value_Measurements
Fair Value Measurements | 6 Months Ended | |||||||||||||||||||||||||
Aug. 02, 2014 | ||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||||
Fair Value Measurements | ' | |||||||||||||||||||||||||
Fair Value Measurements | ||||||||||||||||||||||||||
ASC No. 820, “Fair Value Measurements and Disclosures,” requires fair value measurements be classified and disclosed in one of the following pricing categories: | ||||||||||||||||||||||||||
Level 1: | Financial instruments with unadjusted, quoted prices listed on active market exchanges. | |||||||||||||||||||||||||
Level 2: | Financial instruments lacking unadjusted, quoted prices from active market exchanges, including over-the-counter traded financial instruments. The prices for the financial instruments are determined using prices for recently traded financial instruments with similar underlying terms as well as directly or indirectly observable inputs, such as interest rates and yield curves that are observable at commonly quoted intervals. | |||||||||||||||||||||||||
Level 3: | Financial instruments that are not actively traded on a market exchange. This category includes situations where there is little, if any, market activity for the financial instrument. The prices are determined using significant unobservable inputs or valuation techniques. | |||||||||||||||||||||||||
The following table summarizes our financial instruments: | ||||||||||||||||||||||||||
August 2, 2014 | February 1, 2014 | August 3, 2013 | ||||||||||||||||||||||||
Pricing Category | Cost | Fair Value | Cost | Fair Value | Cost | Fair Value | ||||||||||||||||||||
(In Millions) | ||||||||||||||||||||||||||
Cash and cash equivalents | Level 1 | $ | 746 | $ | 746 | $ | 971 | $ | 971 | $ | 592 | $ | 592 | |||||||||||||
Auction rate securities | Level 3 | 82 | 68 | 82 | 64 | 83 | 58 | |||||||||||||||||||
Debt | Level 1 | 2,792 | 3,102 | 2,792 | 2,988 | 2,492 | 2,663 | |||||||||||||||||||
Our investments in auction rate securities (“ARS”) are included in other long-term assets in our balance sheet. There have been no changes to the valuation methodology since February 1, 2014. On July 30, 2014, $20 million of auction rate securities were called at par and were subsequently settled on August 13, 2014. |
StockBased_Compensation
Stock-Based Compensation | 6 Months Ended | |||||||
Aug. 02, 2014 | ||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | |||||||
Stock-Based Compensation | ||||||||
The following table summarizes stock-based compensation grants: | ||||||||
Six Months Ended | ||||||||
August 2, | August 3, | |||||||
2014 | 2013 | |||||||
(In Thousands) | ||||||||
Stock options granted | 186 | 489 | ||||||
Restricted shares and units granted, excluding shares earned in lieu of cash dividends | 795 | 859 | ||||||
Total stock-based compensation grants | 981 | 1,348 | ||||||
Weighted average fair value at grant date: | ||||||||
Stock options | $ | 12.23 | $ | 10.37 | ||||
Restricted shares and units | $ | 56.37 | $ | 47.91 | ||||
Contingencies
Contingencies | 6 Months Ended |
Aug. 02, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Contingencies | ' |
Contingencies | |
We are subject to certain legal proceedings and claims arising out of the conduct of our business. In the opinion of management, the outcome of these proceedings and litigation will not have a material adverse impact on our consolidated financial statements. |
Net_Income_Per_Section
Net Income Per Section | 6 Months Ended | |||||||||||||||
Aug. 02, 2014 | ||||||||||||||||
Net Income Per Section [Abstract] | ' | |||||||||||||||
Earnings Per Share | ' | |||||||||||||||
Net Income Per Share | ||||||||||||||||
The following table summarizes our basic and diluted net income per share calculations: | ||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||
August 2, | August 3, | August 2, | August 3, | |||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
(In Millions) | ||||||||||||||||
Numerator—Net income | $ | 232 | $ | 231 | $ | 357 | $ | 378 | ||||||||
Denominator—Weighted average shares: | ||||||||||||||||
Basic | 204 | 220 | 205 | 221 | ||||||||||||
Impact of dilutive employee stock-based awards | 1 | 2 | 1 | 1 | ||||||||||||
Diluted | 205 | 222 | 206 | 222 | ||||||||||||
Antidilutive shares | 5 | 9 | 8 | 12 | ||||||||||||
Debt_Tables
Debt (Tables) | 6 Months Ended | |||||||||||||
Aug. 02, 2014 | ||||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||||
Components of long-term debt | ' | |||||||||||||
Long-term debt consists of the following unsecured senior debt: | ||||||||||||||
Outstanding | ||||||||||||||
Maturity | Effective | Coupon Rate | 2-Aug-14 | August 3, 2013 | ||||||||||
Rate | and | |||||||||||||
1-Feb-14 | ||||||||||||||
(Dollars in Millions) | ||||||||||||||
2017 | 6.31 | % | 6.25 | % | $ | 650 | $ | 650 | ||||||
2021 | 4.81 | % | 4 | % | 650 | 650 | ||||||||
2023 | 3.25 | % | 3.25 | % | 350 | 350 | ||||||||
2023 | 4.78 | % | 4.75 | % | 300 | — | ||||||||
2029 | 7.36 | % | 7.25 | % | 200 | 200 | ||||||||
2033 | 6.05 | % | 6 | % | 300 | 300 | ||||||||
2037 | 6.89 | % | 6.88 | % | 350 | 350 | ||||||||
5.54 | % | 2,800 | 2,500 | |||||||||||
Unamortized debt discount | (8 | ) | (8 | ) | ||||||||||
Long-term debt | $ | 2,792 | $ | 2,492 | ||||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 6 Months Ended | |||||||||||||||||||||||||
Aug. 02, 2014 | ||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||||
Summary of Financial Instruments | ' | |||||||||||||||||||||||||
The following table summarizes our financial instruments: | ||||||||||||||||||||||||||
August 2, 2014 | February 1, 2014 | August 3, 2013 | ||||||||||||||||||||||||
Pricing Category | Cost | Fair Value | Cost | Fair Value | Cost | Fair Value | ||||||||||||||||||||
(In Millions) | ||||||||||||||||||||||||||
Cash and cash equivalents | Level 1 | $ | 746 | $ | 746 | $ | 971 | $ | 971 | $ | 592 | $ | 592 | |||||||||||||
Auction rate securities | Level 3 | 82 | 68 | 82 | 64 | 83 | 58 | |||||||||||||||||||
Debt | Level 1 | 2,792 | 3,102 | 2,792 | 2,988 | 2,492 | 2,663 | |||||||||||||||||||
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 6 Months Ended | |||||||
Aug. 02, 2014 | ||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] | ' | |||||||
The following table summarizes stock-based compensation grants: | ||||||||
Six Months Ended | ||||||||
August 2, | August 3, | |||||||
2014 | 2013 | |||||||
(In Thousands) | ||||||||
Stock options granted | 186 | 489 | ||||||
Restricted shares and units granted, excluding shares earned in lieu of cash dividends | 795 | 859 | ||||||
Total stock-based compensation grants | 981 | 1,348 | ||||||
Weighted average fair value at grant date: | ||||||||
Stock options | $ | 12.23 | $ | 10.37 | ||||
Restricted shares and units | $ | 56.37 | $ | 47.91 | ||||
Net_Income_Per_Section_Net_Inc
Net Income Per Section Net Income Per Section (Tables) | 6 Months Ended | |||||||||||||||
Aug. 02, 2014 | ||||||||||||||||
Net Income Per Section [Abstract] | ' | |||||||||||||||
Basic and diluted net income per share calculation | ' | |||||||||||||||
The following table summarizes our basic and diluted net income per share calculations: | ||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||
August 2, | August 3, | August 2, | August 3, | |||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
(In Millions) | ||||||||||||||||
Numerator—Net income | $ | 232 | $ | 231 | $ | 357 | $ | 378 | ||||||||
Denominator—Weighted average shares: | ||||||||||||||||
Basic | 204 | 220 | 205 | 221 | ||||||||||||
Impact of dilutive employee stock-based awards | 1 | 2 | 1 | 1 | ||||||||||||
Diluted | 205 | 222 | 206 | 222 | ||||||||||||
Antidilutive shares | 5 | 9 | 8 | 12 | ||||||||||||
Debt_Components_of_Long_Term_D
Debt - Components of Long Term Debt (Details) (USD $) | Aug. 02, 2014 | Feb. 01, 2014 | Aug. 03, 2013 |
In Millions, unless otherwise specified | |||
Debt Instrument [Line Items] | ' | ' | ' |
Unamortized debt discount | ($8) | ($8) | ($8) |
Long-term debt | 2,792 | 2,792 | 2,492 |
Senior Notes | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Effective Rate | 5.54% | 5.54% | ' |
Total senior debt | 2,800 | 2,800 | 2,500 |
Senior Notes | Four Point Seven Five Percent Senior Note Due Twenty Twenty Three [Member] [Domain] [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 4.75% | ' | ' |
Senior Notes | Senior Notes Due 2017 | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Effective Rate | 6.31% | 6.31% | ' |
Debt Instrument, Interest Rate, Stated Percentage | 6.25% | 6.25% | ' |
Total senior debt | 650 | 650 | 650 |
Senior Notes | Senior Notes Due 2021 | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Effective Rate | 4.81% | 4.81% | ' |
Debt Instrument, Interest Rate, Stated Percentage | 4.00% | 4.00% | ' |
Total senior debt | 650 | 650 | 650 |
Senior Notes | Senior Notes Due 2023 | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Effective Rate | 3.25% | 3.25% | ' |
Debt Instrument, Interest Rate, Stated Percentage | 3.25% | 3.25% | ' |
Total senior debt | 350 | 350 | 350 |
Senior Notes | Four Point Seven Eight Percent Senior Note Due Twenty Twenty Three [Member] [Domain] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Effective Rate | 4.78% | 4.78% | ' |
Total senior debt | 300 | ' | 0 |
Senior Notes | Senior Notes Due 2029 | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Effective Rate | 7.36% | 7.36% | ' |
Debt Instrument, Interest Rate, Stated Percentage | 7.25% | 7.25% | ' |
Total senior debt | 200 | 200 | 200 |
Senior Notes | Senior Notes Due 2033 | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Effective Rate | 6.05% | 6.05% | ' |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | ' |
Total senior debt | 300 | 300 | 300 |
Senior Notes | Senior Notes Due 2037 | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Effective Rate | 6.89% | 6.89% | ' |
Debt Instrument, Interest Rate, Stated Percentage | 6.88% | 6.88% | ' |
Total senior debt | $350 | $350 | $350 |
Four Point Seven Eight Percent Senior Note Due Twenty Twenty Three [Member] [Domain] | Senior Notes Due Twenty Twenty Three [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | 4.75% | ' |
Fair_Value_Measurements_Narrat
Fair Value Measurements (Narrative) (Details) (USD $) | Aug. 02, 2014 | Feb. 01, 2014 | Aug. 03, 2013 | Jan. 28, 2012 |
In Millions, unless otherwise specified | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Auction Rate Securities, Noncurrent | $20 | ' | ' | ' |
Cash and Cash Equivalents, at Carrying Value | 746 | 971 | 592 | 537 |
Long-term investments, par value | 82 | 82 | 83 | ' |
Long Term Investments Fair Value | 68 | 64 | 58 | ' |
Long-term Debt, Excluding Current Maturities | 2,792 | 2,792 | 2,492 | ' |
Fair Value, Inputs, Level 1 | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Long Term Investments Fair Value | $3,102 | $2,988 | $2,663 | ' |
StockBased_Compensation_Summar
Stock-Based Compensation - Summary of Stock Based Compensation Grants (Details) (USD $) | 6 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Aug. 02, 2014 | Aug. 03, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Stock options granted | 186 | 489 |
Restricted shares and units granted, excluding shares earned in lieu of cash dividends | 795 | 859 |
Total stock-based compensation grants | 981 | 1,348 |
Stock options | $12.23 | $10.37 |
Restricted shares and units | $56.37 | $47.91 |
Net_Income_Per_Section_Net_Inc1
Net Income Per Section Net Income Per Section (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Millions, unless otherwise specified | Aug. 02, 2014 | Aug. 03, 2013 | Aug. 02, 2014 | Aug. 03, 2013 |
Net Income Per Section [Abstract] | ' | ' | ' | ' |
Net income | $232 | $231 | $357 | $378 |
Basic | 204 | 220 | 205 | 221 |
Impact of dilutive employee stock-based awards | 1 | 2 | 1 | 1 |
Diluted | 205 | 222 | 206 | 222 |
Antidilutive shares | 5 | 9 | 8 | 12 |