Kohl's (KSS) 10-Q 7 Dec 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Nov. 03, 2018	Dec. 01, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	KOHLS CORP
Entity Central Index Key	885,639
Current Fiscal Year End Date	--02-02
Entity Filer Category	Large Accelerated Filer
Trading Symbol	KSS
Document Type	10-Q
Document Period End Date	Nov. 3, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		165,129,371
Entity Small Business	false
Entity Emerging Growth Company	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Nov. 03, 2018	Feb. 03, 2018	[1]	Oct. 28, 2017	[1]
Current assets:
Cash and cash equivalents	$ 1,047	$ 1,308		$ 736
Merchandise inventories	4,844	3,542		4,632
Other	446	530		379
Total current assets	6,337	5,380		5,747
Property and equipment, net	7,538	7,773		7,974
Other assets	243	236		226
Total assets	14,118	13,389		13,947
Current liabilities:
Accounts payable	2,583	1,271		2,113
Accrued liabilities	1,289	1,213		1,294
Income taxes payable	14	99		24
Current portion of capital lease and financing obligations	121	126		131
Total current liabilities	4,007	2,709		3,562
Long-term debt	2,272	2,797		2,796
Capital lease and financing obligations	1,528	1,591		1,622
Deferred income taxes	201	211		272
Other long-term liabilities	657	662		673
Shareholders’ equity:
Common stock	4	4		4
Paid-in capital	3,185	3,078		3,039
Treasury stock, at cost	(10,952)	(10,651)		(10,633)
Accumulated other comprehensive loss	(8)	(11)		(12)
Retained earnings	13,224	12,999		12,624
Total shareholders’ equity	5,453	5,419		5,022
Total liabilities and shareholders’ equity	$ 14,118	$ 13,389		$ 13,947
[1]	Refer to Note 2 for details on the adoption of the new revenue recognition accounting standard and the impact on previously reported results.

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	[1]	Nov. 03, 2018	Oct. 28, 2017	[1]
Total revenue	$ 4,628	$ 4,567		$ 13,406	$ 13,027
Cost of merchandise sold	2,752	2,727		7,854	7,680
Operating expenses:
Selling, general and administrative	1,375	1,340		3,907	3,774
Depreciation and amortization	243	243		725	724
Operating income	258	257		920	849
Interest expense, net	63	74		197	225
Loss on extinguishment of debt				42
Income before income taxes	195	183		681	624
Provision for income taxes	34	66		152	233
Net income	$ 161	$ 117		$ 529	$ 391
Net income per share:
Basic	$ 0.98	$ 0.70		$ 3.21	$ 2.33
Diluted	$ 0.98	$ 0.70		$ 3.19	$ 2.32
Product
Revenue	$ 4,369	$ 4,312		$ 12,632	$ 12,274
Product and Service, Other
Revenue	$ 259	$ 255		$ 774	$ 753
[1]	Refer to Note 2 for details on the adoption of the new revenue recognition accounting standard and the impact on previously reported results.

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) shares in Millions, $ in Millions		Total		Previously Reported [Member]	As Adjusted [Member]	Common Stock	Common StockPreviously Reported [Member]	Common StockAs Adjusted [Member]	Paid-In Capital	Paid-In CapitalPreviously Reported [Member]	Paid-In CapitalAs Adjusted [Member]	Treasury Stock	Treasury StockPreviously Reported [Member]	Treasury StockAs Adjusted [Member]	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss)Previously Reported [Member]	Accumulated Other Comprehensive Income (Loss)As Adjusted [Member]	Retained Earnings	Retained EarningsPreviously Reported [Member]	Retained EarningsAs Adjusted [Member]
Change in accounting standard | Accounting Standards Update 2014-09	[1]	$ (7)																$ (7)
Beginning Balance at Jan. 28, 2017				$ 5,177	$ 5,170		$ 4	$ 4		$ 3,003	$ 3,003		$ (10,338)	$ (10,338)		$ (14)	$ (14)		$ 12,522	$ 12,515
Beginning Balance (in shares) at Jan. 28, 2017							371	371					(197)	(197)
Comprehensive income		393													$ 2			391
Stock options and awards, net of tax		24							$ 36			$ (12)
Stock options and awards, (in shares)						2
Dividends paid		(277)										5						(282)
Treasury stock purchases		(288)										$ (288)
Treasury stock purchases, (in shares)												(8)
Ending Balance at Oct. 28, 2017		5,022	[2]			$ 4			3,039			$ (10,633)			(12)			12,624
Ending Balance (Accounting Standards Update 2014-09) at Oct. 28, 2017		5,029
Ending Balance (in shares) at Oct. 28, 2017						373						(205)
Change in accounting standard | Accounting Standards Update 2014-09	[1]	(7)																(7)
Beginning Balance at Jul. 29, 2017				5,028	5,021		$ 4	$ 4		3,026	3,026		$ (10,596)	$ (10,596)		(12)	(12)		12,606	12,599
Beginning Balance (in shares) at Jul. 29, 2017							372	372					(203)	(203)
Comprehensive income		117																117
Stock options and awards, net of tax		13							13
Stock options and awards, (in shares)						1
Dividends paid		(91)										$ 1						(92)
Treasury stock purchases		(38)										$ (38)
Treasury stock purchases, (in shares)												(2)
Ending Balance at Oct. 28, 2017		5,022	[2]			$ 4			3,039			$ (10,633)			(12)			12,624
Ending Balance (Accounting Standards Update 2014-09) at Oct. 28, 2017		5,029
Ending Balance (in shares) at Oct. 28, 2017						373						(205)
Change in accounting standard | Accounting Standards Update 2014-09	[1]	(7)																(7)
Beginning Balance at Feb. 03, 2018		5,419	[2]	$ 5,426	$ 5,419		$ 4	$ 4		$ 3,078	$ 3,078		$ (10,651)	$ (10,651)		$ (11)	$ (11)		$ 13,006	$ 12,999
Beginning Balance (Accounting Standards Update 2014-09) at Feb. 03, 2018		5,426
Beginning Balance (in shares) at Feb. 03, 2018							373	373					(205)	(205)
Comprehensive income		532													3			529
Stock options and awards, net of tax		78							107			$ (29)
Stock options and awards, (in shares)						1
Dividends paid		(301)										3						(304)
Treasury stock purchases		(275)										$ (275)
Treasury stock purchases, (in shares)												(4)
Ending Balance at Nov. 03, 2018		5,453				$ 4			3,185			$ (10,952)			(8)			13,224
Ending Balance (in shares) at Nov. 03, 2018						374						(209)
Beginning Balance at Aug. 04, 2018		5,487				$ 4			3,163			$ (10,835)			(8)			13,163
Beginning Balance (in shares) at Aug. 04, 2018						374						(207)
Comprehensive income		161																161
Stock options and awards, net of tax		14							22			$ (8)
Dividends paid		(99)										1						(100)
Treasury stock purchases		(110)										$ (110)
Treasury stock purchases, (in shares)												(2)
Ending Balance at Nov. 03, 2018		$ 5,453				$ 4			$ 3,185			$ (10,952)			$ (8)			$ 13,224
Ending Balance (in shares) at Nov. 03, 2018						374						(209)
[1]	Refer to Note 2 for details on the adoption of the new revenue recognition accounting standard and the impact on previously reported results. See accompanying Notes to Consolidated Financial Statements
[2]	Refer to Note 2 for details on the adoption of the new revenue recognition accounting standard and the impact on previously reported results.

CONSOLIDATED STATEMENT OF CHA_2

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Nov. 03, 2018	Oct. 28, 2017
Statement Of Stockholders Equity [Abstract]
Dividends declared and paid per share	$ 0.61	$ 0.55	$ 1.83	$ 1.65

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions		9 Months Ended
		Nov. 03, 2018	Oct. 28, 2017
Operating activities
Net income		$ 529	$ 391	[1]
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		725	724	[1]
Share-based compensation		71	34	[1]
Deferred income taxes		(13)	2	[1]
Loss on extinguishment of debt		42
Other non-cash revenues and expenses		15	(4)	[1]
Changes in operating assets and liabilities:
Merchandise inventories		(1,293)	(829)	[1]
Accrued and other long-term liabilities		38	(14)	[1]
Accounts payable		1,312	606	[1]
Other current and long-term assets		70	50	[1]
Income taxes		(73)	(91)	[1]
Net cash provided by operating activities		1,423	869	[1]
Investing activities
Acquisition of property and equipment		(458)	(547)	[1]
Other		6	18	[1]
Net cash used in investing activities		(452)	(529)	[1]
Financing activities
Treasury stock purchases		(275)	(288)	[1]
Shares withheld for taxes on vested restricted shares		(29)	(12)	[1]
Dividends paid		(301)	(277)	[1]
Reduction of long-term borrowings		(530)
Premium paid on redemption of debt		(35)
Capital lease and financing obligation activity		(95)	(101)	[1]
Proceeds from stock option exercises		33
Net cash used in financing activities		(1,232)	(678)	[1]
Net decrease in cash and cash equivalents		(261)	(338)	[1]
Cash at beginning of period	[1]	1,308	1,074
Cash at end of period		1,047	736	[1]
Supplemental information
Interest paid, net of capitalized interest		192	192	[1]
Income taxes paid		266	322	[1]
Non-cash investing and financing activities
Property and equipment acquired through additional liabilities		$ 20	$ 42	[1]
[1]	Refer to Note 2 for details on the adoption of the new revenue recognition accounting standard and the impact on previously reported results.

Basis of Presentation

Basis of Presentation	9 Months Ended
	Nov. 03, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for fiscal year end consolidated 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 consolidated financial statements and related footnotes included in our Annual Report on Form 10-K for the fiscal year ended February 3, 2018 (Commission File No. 1-11084) as filed with the Securities and Exchange Commission. 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. We operate as a single business unit. The following table provides a brief description of issued, but not yet effective, accounting standards: Standard Description Effect on our Financial Statements Leases (ASC Topic 842) Issued February 2016 Effective Q1 2019 Among other things, the new standard requires us to recognize a right-of-use asset and a lease liability on our balance sheet for each lease. It also changes the presentation and timing of lease-related expenses. Approximately 5% of our store leases and all of our land leases are not currently recorded on our balance sheet. Recording right-of-use assets and lease liabilities for these and other non-store leases is expected to have a material impact on our balance sheet. We are also evaluating the impact that recording right-of-use assets and lease liabilities will have on our income statement and the financial statement impact that the standard will have on leases which are currently recorded on our balance sheet. Cloud Computing (ASU 2018-15) Issued August 2018 Effective Q1 2020 Under the new standard, implementation costs related to a cloud computing arrangement will be deferred or expensed as incurred, in accordance with the existing internal-use software guidance for similar costs. The new standard also prescribes the balance sheet, income statement, and cash flow classification of the capitalized implementation costs and related amortization expense. We are evaluating the impact of the new standard, but believe it is generally consistent with our current accounting for cloud computing arrangements and will not have a material impact on our financials. In 2017, we recorded provisional amounts for certain income tax effects of the Tax Cuts & Jobs Act (the “Act"), as addressed in Staff Accounting Bulletin No. 118 (“SAB 118”). During the nine months ended November 3, 2018, we made immaterial adjustments to the previously recorded provisional amounts related to the Act. Any additional adjustments related to the Act, while not expected to be material, will be recorded as income tax expense during the period in which the adjustment is finalized.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Nov. 03, 2018
Revenue From Contract With Customer [Abstract]
Revenue Recognition	2. Revenue Recognition Effective February 4, 2018, we adopted Revenue from Contracts with Customers (ASC Topic 606) Net Sales Net sales includes revenue from the sale of merchandise and shipping revenues. Net sales are recognized when merchandise is received by the customer and we have fulfilled all performance obligations. We do not have any sales that are recorded as commissions. The following table summarizes net sales by line of business for the periods ended November 3, 2018 and October 28, 2017: Three Months Ended Nine Months Ended (Dollars in Millions) November 3, 2018 October 28, 2017 November 3, 2018 October 28, 2017 Women's $ 1,287 $ 1,276 $ 3,982 $ 3,883 Men's 925 890 2,668 2,550 Home 719 713 2,090 2,035 Children's 650 640 1,569 1,534 Footwear 465 473 1,334 1,288 Accessories 323 320 989 984 Net Sales $ 4,369 $ 4,312 $ 12,632 $ 12,274 We maintain various rewards programs whereby customers earn rewards based on their spending and other promotional activities. The rewards are typically in the form of dollar off discounts which can be used on future purchases. These programs create performance obligations which require us to defer a portion of the original sale until the rewards are redeemed. Sales are recorded net of returns. At the end of each reporting period, we record a reserve based on historical return rates and patterns which reverses sales that we expect to be returned in the following period. Revenue from the sale of Kohl's gift cards is recognized when the gift card is redeemed. Liabilities for performance obligations resulting from our rewards programs, return reserves, and unredeemed gift cards and merchandise return cards totaled $337 million as of November 3, 2018, $422 million as of February 3, 2018 Net sales do not include sales tax as we are considered a pass-through conduit for collecting and remitting sales taxes. Other Revenue Other revenue consists primarily of revenue from our credit card operations, unredeemed gift and merchandise return cards (breakage), and other non-merchandise revenues. Revenue from credit card operations includes our share of the finance charges and interest fees, less charge-offs of the Kohl’s credit card pursuant to the Private Label Credit Card Program Agreement. Expenses related to our credit card operations are reported in SG&A. Income from unredeemed gift cards and merchandise return cards (breakage) is recorded in proportion and over the time period the cards are actually redeemed. The following tables summarize the impact of adoption of the new standard by financial statement line item: Three Months Ended October 28, 2017 (Dollars in Millions, Except per Share Data) As Previously Reported New Standard Adjustment Adjusted Net sales $ 4,332 $ (20 ) $ 4,312 Other revenue 255 255 Total revenue 235 4,567 Cost of merchandise sold 2,737 (10 ) 2,727 Gross margin 1,595 Operating expenses: Selling, general and administrative 1,095 245 1,340 Depreciation and amortization 243 - 243 Operating income 257 - 257 Interest expense, net 74 - 74 Income before income taxes 183 - 183 Provision for income taxes 66 - 66 Net income $ 117 $ - $ 117 Net income per share: Basic $ 0.70 $ - $ 0.70 Diluted $ 0.70 $ - $ 0.70 Nine Months Ended October 28, 2017 (Dollars in Millions, Except per Share Data) As Previously Reported New Standard Adjustment Adjusted Net sales $ 12,319 $ (45 ) $ 12,274 Other revenue 753 753 Total revenue 708 13,027 Cost of merchandise sold 7,693 (13 ) 7,680 Gross margin 4,626 Operating expenses: Selling, general and administrative 3,053 721 3,774 Depreciation and amortization 724 - 724 Operating income 849 - 849 Interest expense, net 225 - 225 Income before income taxes 624 - 624 Provision for income taxes 233 - 233 Net income $ 391 $ - $ 391 Net income per share: Basic $ 2.33 $ - $ 2.33 Diluted $ 2.32 $ - $ 2.32 October 28, 2017 (Dollars in Millions) As Previously Reported New Standard Adjustment Adjusted Assets Current assets: Cash and cash equivalents $ 736 $ - $ 736 Merchandise inventories 4,632 - 4,632 Other 332 47 379 Total current assets 5,700 47 5,747 Property and equipment, net 7,974 - 7,974 Other assets 226 - 226 Total assets $ 13,900 $ 47 $ 13,947 Liabilities and Shareholders’ Equity Current liabilities: Accounts payable $ 2,113 $ - $ 2,113 Accrued liabilities 1,237 57 1,294 Income taxes payable 24 - 24 Current portion of capital lease and financing obligations 131 - 131 Total current liabilities 3,505 57 3,562 Long-term debt 2,796 - 2,796 Capital lease and financing obligations 1,622 - 1,622 Deferred income taxes 275 (3 ) 272 Other long-term liabilities 673 - 673 Total shareholders’ equity 5,029 (7 ) 5,022 Total liabilities and shareholders’ equity $ 13,900 $ 47 $ 13,947 February 3, 2018 (Dollars in Millions) As Previously Reported New Standard Adjustment Adjusted Assets Current assets: Cash and cash equivalents $ 1,308 $ - $ 1,308 Merchandise inventories 3,542 - 3,542 Other 481 49 530 Total current assets 5,331 49 5,380 Property and equipment, net 7,773 - 7,773 Other assets 236 - 236 Total assets $ 13,340 $ 49 $ 13,389 Liabilities and Shareholders’ Equity Current liabilities: Accounts payable $ 1,271 $ - $ 1,271 Accrued liabilities 1,155 58 1,213 Income taxes payable 99 - 99 Current portion of capital lease and financing obligations 126 - 126 Total current liabilities 2,651 58 2,709 Long-term debt 2,797 - 2,797 Capital lease and financing obligations 1,591 - 1,591 Deferred income taxes 213 (2 ) 211 Other long-term liabilities 662 - 662 Total shareholders’ equity 5,426 (7 ) 5,419 Total liabilities and shareholders’ equity $ 13,340 $ 49 $ 13,389 The adoption of the new standard had no impact on our basic or diluted earnings per share or our net cash provided by (used in) operating, financing, or investing activities.

Store Closure and Restructure R

Store Closure and Restructure Reserve	9 Months Ended
	Nov. 03, 2018
Restructuring And Related Activities [Abstract]
Store Closure and Restructure Reserve	3. Store Closure and Restructure Reserve The following table summarizes changes in the store closure and restructure reserve during the nine months ended November 3, 2018: (Dollars in Millions) Balance - February 3, 2018 $ 87 Payments, reversals and additions (13 ) Balance - November 3, 2018 $ 74

Debt

Debt	9 Months Ended
	Nov. 03, 2018
Debt Disclosure [Abstract]
Debt	4. Debt Long-term debt consists of the following unsecured senior debt: Outstanding Maturity (Dollars in Millions) Effective Rate Coupon Rate November 3, 2018 February 3, 2018 & October 28, 2017 2021 4.81 % 4.00 % $ 413 $ 650 2023 3.25 % 3.25 % 350 350 2023 4.78 % 4.75 % 184 300 2025 4.25 % 4.25 % 650 650 2029 7.36 % 7.25 % 42 99 2033 6.05 % 6.00 % 112 166 2037 6.89 % 6.88 % 101 150 2045 5.57 % 5.55 % 433 450 4.76 % $ 2,285 $ 2,815 Long-term debt is net of unamortized debt discounts and deferred financing costs of $13 million at November 3, 2018, $18 million at February 3, 2018, and $19 million at October 28, 2017. Our long-term debt is classified as Level 1, financial instruments with unadjusted, quoted prices listed on active market exchanges. The estimated fair value of our long-term debt was $2.3 billion at November 3, 2018 and $2.9 billion at both February 3, 2018 and October 28, 2017. Year to date, we have reduced our outstanding debt by $530 million including $500 million which was repurchased pursuant to a cash tender offer and $30 million which was repurchased on the open market. In conjunction with the debt reduction, we recorded a one-time $42 million loss on extinguishment of debt which includes $35 million of premium paid to holders of the debt, $4 million related to an interest rate hedge, and $3 million of deferred financing fees and original issue discounts.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Nov. 03, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	5. Stock-Based Compensation The following table summarizes our stock-based compensation activity for the nine months ended November 3, 2018: Stock Options Nonvested Stock Awards Performance Share Units (Shares and Units in Thousands) Shares Weighted Average Exercise Price Shares Weighted Average Grant Date Fair Value Units Weighted Average Grant Date Fair Value Balance - February 3, 2018 1,139 $ 50.51 2,811 $ 45.60 660 $ 44.97 Granted — — 1,017 63.57 187 65.71 Exercised/vested (992 ) 50.46 (1,102 ) 47.56 (38 ) 78.35 Forfeited/expired (2 ) 53.38 (78 ) 48.78 (5 ) 46.91 Balance - November 3, 2018 145 $ 51.87 2,648 $ 51.62 804 $ 48.21

Contingencies

Contingencies	9 Months Ended
	Nov. 03, 2018
Commitments And Contingencies Disclosure [Abstract]
Contingencies	6. 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 Share

Net Income Per Share	9 Months Ended
	Nov. 03, 2018
Earnings Per Share [Abstract]
Net Income Per Share	7. Net Income Per Share Basic net income per share is net income divided by the average number of common shares outstanding during the period. Diluted net income per share includes incremental shares assumed for share-based awards. The information required to compute basic and diluted net income per share is as follows: Three Months Ended Nine Months Ended (Dollar and Shares in Millions, Except per Share Data) November 3, 2018 October 28, 2017 November 3, 2018 October 28, 2017 Numerator—Net income $ 161 $ 117 $ 529 $ 391 Denominator—Weighted average shares: Basic 164 166 165 168 Impact of dilutive stock-based awards 1 — 1 — Diluted 165 166 166 168 Antidilutive shares — 2 — 3 Net income per share: Basic $ 0.98 $ 0.70 $ 3.21 $ 2.33 Diluted $ 0.98 $ 0.70 $ 3.19 $ 2.32

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Nov. 03, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Leases	Leases (ASC Topic 842) Issued February 2016 Effective Q1 2019 Among other things, the new standard requires us to recognize a right-of-use asset and a lease liability on our balance sheet for each lease. It also changes the presentation and timing of lease-related expenses. Approximately 5% of our store leases and all of our land leases are not currently recorded on our balance sheet. Recording right-of-use assets and lease liabilities for these and other non-store leases is expected to have a material impact on our balance sheet. We are also evaluating the impact that recording right-of-use assets and lease liabilities will have on our income statement and the financial statement impact that the standard will have on leases which are currently recorded on our balance sheet.
Cloud Computing	Cloud Computing (ASU 2018-15) Issued August 2018 Effective Q1 2020 Under the new standard, implementation costs related to a cloud computing arrangement will be deferred or expensed as incurred, in accordance with the existing internal-use software guidance for similar costs. We are evaluating the impact of the new standard, but believe it is generally consistent with our current accounting for cloud computing arrangements and will not have a material impact on our financials.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	9 Months Ended
	Nov. 03, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Description of Issued, But Not Yet Effective, Accounting Standards	The following table provides a brief description of issued, but not yet effective, accounting standards: Standard Description Effect on our Financial Statements Leases (ASC Topic 842) Issued February 2016 Effective Q1 2019 Among other things, the new standard requires us to recognize a right-of-use asset and a lease liability on our balance sheet for each lease. It also changes the presentation and timing of lease-related expenses. Approximately 5% of our store leases and all of our land leases are not currently recorded on our balance sheet. Recording right-of-use assets and lease liabilities for these and other non-store leases is expected to have a material impact on our balance sheet. We are also evaluating the impact that recording right-of-use assets and lease liabilities will have on our income statement and the financial statement impact that the standard will have on leases which are currently recorded on our balance sheet. Cloud Computing (ASU 2018-15) Issued August 2018 Effective Q1 2020 Under the new standard, implementation costs related to a cloud computing arrangement will be deferred or expensed as incurred, in accordance with the existing internal-use software guidance for similar costs. The new standard also prescribes the balance sheet, income statement, and cash flow classification of the capitalized implementation costs and related amortization expense. We are evaluating the impact of the new standard, but believe it is generally consistent with our current accounting for cloud computing arrangements and will not have a material impact on our financials.

Revenue Recognition (Tables)

Revenue Recognition (Tables) - Accounting Standards Update 2014-09 [Member]	9 Months Ended
	Nov. 03, 2018
Schedule of Net Sales by Line of Business	The following table summarizes net sales by line of business for the periods ended November 3, 2018 and October 28, 2017: Three Months Ended Nine Months Ended (Dollars in Millions) November 3, 2018 October 28, 2017 November 3, 2018 October 28, 2017 Women's $ 1,287 $ 1,276 $ 3,982 $ 3,883 Men's 925 890 2,668 2,550 Home 719 713 2,090 2,035 Children's 650 640 1,569 1,534 Footwear 465 473 1,334 1,288 Accessories 323 320 989 984 Net Sales $ 4,369 $ 4,312 $ 12,632 $ 12,274
Schedule of Impact of Adoption of the New Standard by Income Statement Line Item	The following tables summarize the impact of adoption of the new standard by financial statement line item: Three Months Ended October 28, 2017 (Dollars in Millions, Except per Share Data) As Previously Reported New Standard Adjustment Adjusted Net sales $ 4,332 $ (20 ) $ 4,312 Other revenue 255 255 Total revenue 235 4,567 Cost of merchandise sold 2,737 (10 ) 2,727 Gross margin 1,595 Operating expenses: Selling, general and administrative 1,095 245 1,340 Depreciation and amortization 243 - 243 Operating income 257 - 257 Interest expense, net 74 - 74 Income before income taxes 183 - 183 Provision for income taxes 66 - 66 Net income $ 117 $ - $ 117 Net income per share: Basic $ 0.70 $ - $ 0.70 Diluted $ 0.70 $ - $ 0.70 Nine Months Ended October 28, 2017 (Dollars in Millions, Except per Share Data) As Previously Reported New Standard Adjustment Adjusted Net sales $ 12,319 $ (45 ) $ 12,274 Other revenue 753 753 Total revenue 708 13,027 Cost of merchandise sold 7,693 (13 ) 7,680 Gross margin 4,626 Operating expenses: Selling, general and administrative 3,053 721 3,774 Depreciation and amortization 724 - 724 Operating income 849 - 849 Interest expense, net 225 - 225 Income before income taxes 624 - 624 Provision for income taxes 233 - 233 Net income $ 391 $ - $ 391 Net income per share: Basic $ 2.33 $ - $ 2.33 Diluted $ 2.32 $ - $ 2.32
Schedule of Impact of Adoption of the New Standard by Balance Sheet Line Item	October 28, 2017 (Dollars in Millions) As Previously Reported New Standard Adjustment Adjusted Assets Current assets: Cash and cash equivalents $ 736 $ - $ 736 Merchandise inventories 4,632 - 4,632 Other 332 47 379 Total current assets 5,700 47 5,747 Property and equipment, net 7,974 - 7,974 Other assets 226 - 226 Total assets $ 13,900 $ 47 $ 13,947 Liabilities and Shareholders’ Equity Current liabilities: Accounts payable $ 2,113 $ - $ 2,113 Accrued liabilities 1,237 57 1,294 Income taxes payable 24 - 24 Current portion of capital lease and financing obligations 131 - 131 Total current liabilities 3,505 57 3,562 Long-term debt 2,796 - 2,796 Capital lease and financing obligations 1,622 - 1,622 Deferred income taxes 275 (3 ) 272 Other long-term liabilities 673 - 673 Total shareholders’ equity 5,029 (7 ) 5,022 Total liabilities and shareholders’ equity $ 13,900 $ 47 $ 13,947 February 3, 2018 (Dollars in Millions) As Previously Reported New Standard Adjustment Adjusted Assets Current assets: Cash and cash equivalents $ 1,308 $ - $ 1,308 Merchandise inventories 3,542 - 3,542 Other 481 49 530 Total current assets 5,331 49 5,380 Property and equipment, net 7,773 - 7,773 Other assets 236 - 236 Total assets $ 13,340 $ 49 $ 13,389 Liabilities and Shareholders’ Equity Current liabilities: Accounts payable $ 1,271 $ - $ 1,271 Accrued liabilities 1,155 58 1,213 Income taxes payable 99 - 99 Current portion of capital lease and financing obligations 126 - 126 Total current liabilities 2,651 58 2,709 Long-term debt 2,797 - 2,797 Capital lease and financing obligations 1,591 - 1,591 Deferred income taxes 213 (2 ) 211 Other long-term liabilities 662 - 662 Total shareholders’ equity 5,426 (7 ) 5,419 Total liabilities and shareholders’ equity $ 13,340 $ 49 $ 13,389

Store Closure and Restructure_2

Store Closure and Restructure Reserve (Tables)	9 Months Ended
	Nov. 03, 2018
Restructuring And Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost	The following table summarizes changes in the store closure and restructure reserve during the nine months ended November 3, 2018: (Dollars in Millions) Balance - February 3, 2018 $ 87 Payments, reversals and additions (13 ) Balance - November 3, 2018 $ 74

Debt (Tables)

Debt (Tables)	9 Months Ended
	Nov. 03, 2018
Debt Disclosure [Abstract]
Components of long-term debt	Long-term debt consists of the following unsecured senior debt: Outstanding Maturity (Dollars in Millions) Effective Rate Coupon Rate November 3, 2018 February 3, 2018 & October 28, 2017 2021 4.81 % 4.00 % $ 413 $ 650 2023 3.25 % 3.25 % 350 350 2023 4.78 % 4.75 % 184 300 2025 4.25 % 4.25 % 650 650 2029 7.36 % 7.25 % 42 99 2033 6.05 % 6.00 % 112 166 2037 6.89 % 6.88 % 101 150 2045 5.57 % 5.55 % 433 450 4.76 % $ 2,285 $ 2,815

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Nov. 03, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award	The following table summarizes our stock-based compensation activity for the nine months ended November 3, 2018: Stock Options Nonvested Stock Awards Performance Share Units (Shares and Units in Thousands) Shares Weighted Average Exercise Price Shares Weighted Average Grant Date Fair Value Units Weighted Average Grant Date Fair Value Balance - February 3, 2018 1,139 $ 50.51 2,811 $ 45.60 660 $ 44.97 Granted — — 1,017 63.57 187 65.71 Exercised/vested (992 ) 50.46 (1,102 ) 47.56 (38 ) 78.35 Forfeited/expired (2 ) 53.38 (78 ) 48.78 (5 ) 46.91 Balance - November 3, 2018 145 $ 51.87 2,648 $ 51.62 804 $ 48.21

Net Income Per Share (Tables)

Net Income Per Share (Tables)	9 Months Ended
	Nov. 03, 2018
Earnings Per Share [Abstract]
Basic and diluted net income per share calculation	The information required to compute basic and diluted net income per share is as follows: Three Months Ended Nine Months Ended (Dollar and Shares in Millions, Except per Share Data) November 3, 2018 October 28, 2017 November 3, 2018 October 28, 2017 Numerator—Net income $ 161 $ 117 $ 529 $ 391 Denominator—Weighted average shares: Basic 164 166 165 168 Impact of dilutive stock-based awards 1 — 1 — Diluted 165 166 166 168 Antidilutive shares — 2 — 3 Net income per share: Basic $ 0.98 $ 0.70 $ 3.21 $ 2.33 Diluted $ 0.98 $ 0.70 $ 3.19 $ 2.32

Basis of Presentation - Descrip

Basis of Presentation - Description of Issued, But Not Yet Effective, Accounting Standards (Details)	9 Months Ended
	Nov. 03, 2018
Accounting Standards Update 2016-02 - Leases [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Percentage of store leases unrecorded on Balance Sheet	5.00%

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Nov. 03, 2018	Feb. 03, 2018	Oct. 28, 2017
Revenue From Contract With Customer [Abstract]
Description of adoption of new accounting pronouncement	Effective February 4, 2018, we adopted Revenue from Contracts with Customers (ASC Topic 606) as required. We adopted the new standard using the full retrospective method. The standard eliminated the transaction and industry specific revenue recognition guidance under prior U.S. GAAP and replaced it with a principles-based approach for revenue recognition and disclosures. Under the standard, revenue is recognized when a customer obtains control of promised goods or services in an amount that reflects the consideration the entity expects to receive in exchange for those goods or services.
Sales recorded as commission	$ 0
Liabilities for performance obligations	$ 337	$ 422	$ 335

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Net Sales by Line of Business (Detail) - Product - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Nov. 03, 2018	Oct. 28, 2017		Nov. 03, 2018	Oct. 28, 2017
Disaggregation Of Revenue [Line Items]
Net Sales	$ 4,369	$ 4,312	[1]	$ 12,632	$ 12,274	[1]
Women's [Member]
Disaggregation Of Revenue [Line Items]
Net Sales	1,287	1,276		3,982	3,883
Men's [Member]
Disaggregation Of Revenue [Line Items]
Net Sales	925	890		2,668	2,550
Home [Member]
Disaggregation Of Revenue [Line Items]
Net Sales	719	713		2,090	2,035
Children's [Member]
Disaggregation Of Revenue [Line Items]
Net Sales	650	640		1,569	1,534
Footwear [Member]
Disaggregation Of Revenue [Line Items]
Net Sales	465	473		1,334	1,288
Accessories [Member]
Disaggregation Of Revenue [Line Items]
Net Sales	$ 323	$ 320		$ 989	$ 984
[1]	Refer to Note 2 for details on the adoption of the new revenue recognition accounting standard and the impact on previously reported results.

Revenue Recognition - Schedul_2

Revenue Recognition - Schedule of Impact of Adoption of the New Standard by Income Statement Line Item (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended			9 Months Ended
	Nov. 03, 2018	Oct. 28, 2017		Nov. 03, 2018	Oct. 28, 2017
Operating expenses:
Selling, general and administrative	$ 1,375	$ 1,340	[1]	$ 3,907	$ 3,774	[1]
Depreciation and amortization	243	243	[1]	725	724	[1]
Operating income	258	257	[1]	920	849	[1]
Interest expense, net	63	74	[1]	197	225	[1]
Income before income taxes	195	183	[1]	681	624	[1]
Provision for income taxes	34	66	[1]	152	233	[1]
Net income	$ 161	$ 117	[1]	$ 529	$ 391	[1]
Net income per share:
Basic	$ 0.98	$ 0.70	[1]	$ 3.21	$ 2.33	[1]
Diluted	$ 0.98	$ 0.70	[1]	$ 3.19	$ 2.32	[1]
Product
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue	$ 4,369	$ 4,312	[1]	$ 12,632	$ 12,274	[1]
Product and Service, Other
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue	$ 259	255	[1]	$ 774	753	[1]
Accounting Standards Update 2014-09 [Member]
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Gross margin		1,595			4,626
Operating expenses:
Selling, general and administrative		1,095			3,053
Depreciation and amortization		243			724
Operating income		257			849
Interest expense, net		74			225
Income before income taxes		183			624
Provision for income taxes		66			233
Net income		$ 117			$ 391
Net income per share:
Basic		$ 0.70			$ 2.33
Diluted		$ 0.70			$ 2.32
Accounting Standards Update 2014-09 [Member] | New Standard Adjustment [Member]
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue		$ 235			$ 708
Operating expenses:
Selling, general and administrative		245			721
Accounting Standards Update 2014-09 [Member] | Adjusted [Member]
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue		4,567			13,027
Operating expenses:
Selling, general and administrative		1,340			3,774
Depreciation and amortization		243			724
Operating income		257			849
Interest expense, net		74			225
Income before income taxes		183			624
Provision for income taxes		66			233
Net income		$ 117			$ 391
Net income per share:
Basic		$ 0.70			$ 2.33
Diluted		$ 0.70			$ 2.32
Accounting Standards Update 2014-09 [Member] | Product
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue		$ 4,332			$ 12,319
Cost of merchandise sold		2,737			7,693
Accounting Standards Update 2014-09 [Member] | Product | New Standard Adjustment [Member]
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue		(20)			(45)
Cost of merchandise sold		(10)			(13)
Accounting Standards Update 2014-09 [Member] | Product | Adjusted [Member]
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue		4,312			12,274
Cost of merchandise sold		2,727			7,680
Accounting Standards Update 2014-09 [Member] | Product and Service, Other | New Standard Adjustment [Member]
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue		255			753
Accounting Standards Update 2014-09 [Member] | Product and Service, Other | Adjusted [Member]
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue		$ 255			$ 753
[1]	Refer to Note 2 for details on the adoption of the new revenue recognition accounting standard and the impact on previously reported results.

Revenue Recognition - Schedul_3

Revenue Recognition - Schedule of Impact of Adoption of the New Standard by Balance Sheet Line Item (Detail) - USD ($) $ in Millions	Nov. 03, 2018	Aug. 04, 2018	Feb. 03, 2018		Oct. 28, 2017		Jan. 28, 2017	[1]
Assets
Cash and cash equivalents	$ 1,047		$ 1,308	[1]	$ 736	[1]	$ 1,074
Merchandise inventories	4,844		3,542	[1]	4,632	[1]
Other	446		530	[1]	379	[1]
Total current assets	6,337		5,380	[1]	5,747	[1]
Property and equipment, net	7,538		7,773	[1]	7,974	[1]
Other assets	243		236	[1]	226	[1]
Total assets	14,118		13,389	[1]	13,947	[1]
Liabilities and Shareholders’ Equity
Accounts payable	2,583		1,271	[1]	2,113	[1]
Accrued liabilities	1,289		1,213	[1]	1,294	[1]
Income taxes payable	14		99	[1]	24	[1]
Current portion of capital lease and financing obligations	121		126	[1]	131	[1]
Total current liabilities	4,007		2,709	[1]	3,562	[1]
Long-term debt	2,272		2,797	[1]	2,796	[1]
Capital lease and financing obligations	1,528		1,591	[1]	1,622	[1]
Deferred income taxes	201		211	[1]	272	[1]
Other long-term liabilities	657		662	[1]	673	[1]
Total shareholders’ equity	5,453	$ 5,487	5,419	[1]	5,022	[1]
Total liabilities and shareholders’ equity	$ 14,118		13,389	[1]	13,947	[1]
Accounting Standards Update 2014-09 [Member]
Assets
Cash and cash equivalents			1,308		736
Merchandise inventories			3,542		4,632
Other			481		332
Total current assets			5,331		5,700
Property and equipment, net			7,773		7,974
Other assets			236		226
Total assets			13,340		13,900
Liabilities and Shareholders’ Equity
Accounts payable			1,271		2,113
Accrued liabilities			1,155		1,237
Income taxes payable			99		24
Current portion of capital lease and financing obligations			126		131
Total current liabilities			2,651		3,505
Long-term debt			2,797		2,796
Capital lease and financing obligations			1,591		1,622
Deferred income taxes			213		275
Other long-term liabilities			662		673
Total shareholders’ equity			5,426		5,029
Total liabilities and shareholders’ equity			13,340		13,900
Accounting Standards Update 2014-09 [Member] | New Standard Adjustment [Member]
Assets
Other			49		47
Total current assets			49		47
Total assets			49		47
Liabilities and Shareholders’ Equity
Accrued liabilities			58		57
Total current liabilities			58		57
Deferred income taxes			(2)		(3)
Total shareholders’ equity			(7)		(7)
Total liabilities and shareholders’ equity			49		47
Accounting Standards Update 2014-09 [Member] | Adjusted [Member]
Assets
Cash and cash equivalents			1,308		736
Merchandise inventories			3,542		4,632
Other			530		379
Total current assets			5,380		5,747
Property and equipment, net			7,773		7,974
Other assets			236		226
Total assets			13,389		13,947
Liabilities and Shareholders’ Equity
Accounts payable			1,271		2,113
Accrued liabilities			1,213		1,294
Income taxes payable			99		24
Current portion of capital lease and financing obligations			126		131
Total current liabilities			2,709		3,562
Long-term debt			2,797		2,796
Capital lease and financing obligations			1,591		1,622
Deferred income taxes			211		272
Other long-term liabilities			662		673
Total shareholders’ equity			5,419		5,022
Total liabilities and shareholders’ equity			$ 13,389		$ 13,947
[1]	Refer to Note 2 for details on the adoption of the new revenue recognition accounting standard and the impact on previously reported results.

Store Closure and Restructure_3

Store Closure and Restructure Reserve - Schedule of Restructuring Reserve by Type of Cost (Details) $ in Millions	9 Months Ended
	Nov. 03, 2018USD ($)
Restructuring And Related Activities [Abstract]
Restructuring Reserve	$ 87
Payments, reversals and additions	(13)
Restructuring Reserve	$ 74

Debt - Components of Long Term

Debt - Components of Long Term Debt (Details) - USD ($) $ in Millions	Nov. 03, 2018	Feb. 03, 2018	Oct. 28, 2017
Debt Instrument [Line Items]
Effective Rate	4.76%
Total senior debt	$ 2,285	$ 2,815	$ 2,815
Senior Notes [Member] | Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Effective Rate	4.81%
Debt Instrument, Interest Rate, Stated Percentage	4.00%
Total senior debt	$ 413	650	650
Senior Notes [Member] | Senior Notes Due 2023 [Member]
Debt Instrument [Line Items]
Effective Rate	3.25%
Debt Instrument, Interest Rate, Stated Percentage	3.25%
Total senior debt	$ 350	350	350
Senior Notes [Member] | Senior Notes 4.78% Due 2023 [Member]
Debt Instrument [Line Items]
Effective Rate	4.78%
Debt Instrument, Interest Rate, Stated Percentage	4.75%
Total senior debt	$ 184	300	300
Senior Notes [Member] | Senior Notes Due 2025 [Member]
Debt Instrument [Line Items]
Effective Rate	4.25%
Debt Instrument, Interest Rate, Stated Percentage	4.25%
Total senior debt	$ 650	650	650
Senior Notes [Member] | Senior Notes Due 2029 [Member]
Debt Instrument [Line Items]
Effective Rate	7.36%
Debt Instrument, Interest Rate, Stated Percentage	7.25%
Total senior debt	$ 42	99	99
Senior Notes [Member] | Senior Notes Due 2033 [Member]
Debt Instrument [Line Items]
Effective Rate	6.05%
Debt Instrument, Interest Rate, Stated Percentage	6.00%
Total senior debt	$ 112	166	166
Senior Notes [Member] | Senior Notes Due 2037 [Member]
Debt Instrument [Line Items]
Effective Rate	6.89%
Debt Instrument, Interest Rate, Stated Percentage	6.88%
Total senior debt	$ 101	150	150
Senior Notes [Member] | Senior Notes Due 2045 [Member]
Debt Instrument [Line Items]
Effective Rate	5.57%
Debt Instrument, Interest Rate, Stated Percentage	5.55%
Total senior debt	$ 433	$ 450	$ 450

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended
	Nov. 03, 2018	Feb. 03, 2018	Oct. 28, 2017
Debt Instrument [Line Items]
Unamortized debt discount	$ 13	$ 18	$ 19
Long-term Debt, Fair Value	2,300	$ 2,900	$ 2,900
Reduction of long-term borrowings	530
Loss on extinguishment of debt	42
Premiums paid to holders as a result of tender offer	35
Senior Notes [Member]
Debt Instrument [Line Items]
Reduction of long-term borrowings	530
Loss on extinguishment of debt	42
Premiums paid to holders as a result of tender offer	35
Non cash write off of interest rate hedge on tendered debt	4
Non cash write off of deferred financing costs and original issue discounts on extinguished debt	3
Senior Notes [Member] | Repurchased pursuant to Cash Tender Offer [Member]
Debt Instrument [Line Items]
Reduction of long-term borrowings	500
Senior Notes [Member] | Repurchased on Open Market [Member]
Debt Instrument [Line Items]
Reduction of long-term borrowings	$ 30

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Based Compensation Grants (Details) shares in Thousands	9 Months Ended
	Nov. 03, 2018$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Balance at beginning of year, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 50.51
Granted, Weighted Average Exercise Price (in dollars per share) | $ / shares	0
Exercised/vested, Weighted Average Exercise Price (in dollars per share) | $ / shares	50.46
Forfeited/expired, Weighted Average Exercise Price (in dollars per share) | $ / shares	53.38
Balance at end of quarter, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 51.87
Balance at beginning of year, shares | shares	1,139
Granted, shares | shares	0
Exercised/vested, shares | shares	(992)
Forfeited/expired, shares | shares	(2)
Balance at end of quarter, shares | shares	145
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Intrinsic Value [Roll Forward]
Balance at beginning of year, Weighted Average Grant Date Fair Value | $ / shares	$ 45.60
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	63.57
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ / shares	47.56
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ / shares	48.78
Balance at end of quarter, Weighted Average Grant Date Fair Value | $ / shares	$ 51.62
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares	2,811
Granted, shares | shares	1,017
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | shares	(1,102)
Forfeited/expired performance restricted share units | shares	(78)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares	2,648
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Intrinsic Value [Roll Forward]
Balance at beginning of year, Weighted Average Grant Date Fair Value | $ / shares	$ 44.97
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	65.71
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ / shares	78.35
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ / shares	46.91
Balance at end of quarter, Weighted Average Grant Date Fair Value | $ / shares	$ 48.21
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares	660
Granted, shares | shares	187
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | shares	(38)
Forfeited/expired performance restricted share units | shares	(5)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares	804

Net Income Per Share - Basic an

Net Income Per Share - Basic and Diluted Net Income Per Share Calculation (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended			9 Months Ended
	Nov. 03, 2018	Oct. 28, 2017		Nov. 03, 2018	Oct. 28, 2017
Earnings Per Share [Abstract]
Numerator—Net income	$ 161	$ 117	[1]	$ 529	$ 391	[1]
Denominator—Weighted average shares: Basic	164	166		165	168
Denominator—Weighted average shares: Impact of dilutive stock-based awards	1			1
Denominator—Weighted average shares: Diluted	165	166		166	168
Antidilutive shares		2			3
Net income per share: Basic	$ 0.98	$ 0.70	[1]	$ 3.21	$ 2.33	[1]
Net income per share: Diluted	$ 0.98	$ 0.70	[1]	$ 3.19	$ 2.32	[1]
[1]	Refer to Note 2 for details on the adoption of the new revenue recognition accounting standard and the impact on previously reported results.