Condensed Consolidating Financial Information (Tables)

v2.4.0.6

Condensed Consolidating Financial Information (Tables)	3 Months Ended
	Apr. 28, 2012
Condensed Consolidating Financial Information [Abstract]
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet As of January 28, 2012 (millions)     Parent   Subsidiary Issuer   Other Subsidiaries   Consolidating Adjustments   Consolidated ASSETS:                   Current Assets:                   Cash and cash equivalents $ 2,533   $ 38   $ 256   $ —   $ 2,827 Receivables —   58   310   —   368 Merchandise inventories —   2,722   2,395   —   5,117 Prepaid expenses and other current assets —   152   313   —   465 Total Current Assets 2,533   2,970   3,274   —   8,777 Property and Equipment – net —   4,827   3,593   —   8,420 Goodwill —   3,315   428   —   3,743 Other Intangible Assets – net —   153   445   —   598 Other Assets 4   73   480   —   557 Intercompany Receivable 520   —   2,963   (3,483 )   — Investment in Subsidiaries 3,210   2,435   —   (5,645 )   — Total Assets $ 6,267   $ 13,773   $ 11,183   $ (9,128 )   $ 22,095 LIABILITIES AND SHAREHOLDERS’ EQUITY:                   Current Liabilities:                   Short-term debt $ —   $ 1,099   $ 4   $ —   $ 1,103 Merchandise accounts payable —   731   862   —   1,593 Accounts payable and accrued liabilities 248   1,103   1,437   —   2,788 Income taxes 46   29   296   —   371 Deferred income taxes —   314   94   —   408 Total Current Liabilities 294   3,276   2,693   —   6,263 Long-Term Debt —   6,630   25   —   6,655 Intercompany Payable —   3,483   —   (3,483 )   — Deferred Income Taxes 4   351   786   —   1,141 Other Liabilities 36   771   1,296   —   2,103 Shareholders' Equity (Deficit) 5,933   (738 )   6,383   (5,645 )   5,933 Total Liabilities and Shareholders' Equity $ 6,267   $ 13,773   $ 11,183   $ (9,128 )   $ 22,095 Condensed Consolidating Balance Sheet As of April 28, 2012 (millions)     Parent   Subsidiary Issuer   Other Subsidiaries   Consolidating Adjustments   Consolidated ASSETS:                   Current Assets:                   Cash and cash equivalents $ 1,520   $ 36   $ 335   $ —   $ 1,891 Receivables —   46   231   —   277 Merchandise inventories —   2,840   2,625   —   5,465 Prepaid expenses and other current assets —   89   311   —   400 Income taxes 43   —   —   (43 )   — Total Current Assets 1,563   3,011   3,502   (43 )   8,033 Property and Equipment – net —   4,736   3,623   —   8,359 Goodwill —   3,315   428   —   3,743 Other Intangible Assets – net —   145   444   —   589 Other Assets 4   70   479   —   553 Intercompany Receivable 1,398   —   2,754   (4,152 )   — Investment in Subsidiaries 3,228   2,508   —   (5,736 )   — Total Assets $ 6,193   $ 13,785   $ 11,230   $ (9,931 )   $ 21,277 LIABILITIES AND SHAREHOLDERS’ EQUITY:                   Current Liabilities:                   Short-term debt $ —   $ 310   $ 3   $ —   $ 313 Merchandise accounts payable —   1,106   1,240   —   2,346 Accounts payable and accrued liabilities 120   871   1,234   —   2,225 Income taxes —   18   129   (43 )   104 Deferred income taxes —   313   98   —   411 Total Current Liabilities 120   2,618   2,704   (43 )   5,399 Long-Term Debt —   6,619   25   —   6,644 Intercompany Payable —   4,152   —   (4,152 )   — Deferred Income Taxes 7   341   780   —   1,128 Other Liabilities 33   795   1,245   —   2,073 Shareholders' Equity (Deficit) 6,033   (740 )   6,476   (5,736 )   6,033 Total Liabilities and Shareholders' Equity $ 6,193   $ 13,785   $ 11,230   $ (9,931 )   $ 21,277 Condensed Consolidating Balance Sheet As of April 30, 2011 (millions)     Parent   Subsidiary Issuer   Other Subsidiaries   Consolidating Adjustments   Consolidated ASSETS:                   Current Assets:                   Cash and cash equivalents $ 753   $ 37   $ 362   $ —   $ 1,152 Receivables —   35   190   —   225 Merchandise inventories —   2,738   2,421   —   5,159 Prepaid expenses and other current assets —   94   284   —   378 Income taxes 4   —   —   (4 )   — Total Current Assets 757   2,904   3,257   (4 )   6,914 Property and Equipment – net —   4,908   3,728   —   8,636 Goodwill —   3,315   428   —   3,743 Other Intangible Assets – net —   176   452   —   628 Other Assets 4   80   412   —   496 Deferred Income Tax Assets 96   —   —   (96 )   — Intercompany Receivable 2,045   —   2,564   (4,609 )   — Investment in Subsidiaries 2,944   2,696   —   (5,640 )   — Total Assets $ 5,846   $ 14,079   $ 10,841   $ (10,349 )   $ 20,417 LIABILITIES AND SHAREHOLDERS’ EQUITY:                   Current Liabilities:                   Short-term debt $ —   $ 738   $ 3   $ —   $ 741 Merchandise accounts payable —   1,015   1,116   —   2,131 Accounts payable and accrued liabilities 101   857   1,113   —   2,071 Income taxes —   35   37   (4 )   68 Deferred income taxes —   291   106   —   397 Total Current Liabilities 101   2,936   2,375   (4 )   5,408 Long-Term Debt —   6,315   28   —   6,343 Intercompany Payable —   4,609   —   (4,609 )   — Deferred Income Taxes —   506   874   (96 )   1,284 Other Liabilities 57   683   954   —   1,694 Shareholders' Equity (Deficit) 5,688   (970 )   6,610   (5,640 )   5,688 Total Liabilities and Shareholders' Equity $ 5,846   $ 14,079   $ 10,841   $ (10,349 )   $ 20,417
Condensed Consolidating Statement of Comprehensive Income (Loss)	Condensed Consolidating Statement of Comprehensive Income (Loss) For the 13 Weeks Ended April 30, 2011 (millions)     Parent   Subsidiary Issuer   Other Subsidiaries   Consolidating Adjustments   Consolidated Net sales $ —   $ 2,993   $ 4,940   $ (2,044 )   $ 5,889 Cost of sales —   (1,923 )   (3,693 )   2,030   (3,586 ) Gross margin —   1,070   1,247   (14 )   2,303 Selling, general and administrative expenses (2 )   (1,105 )   (880 )   14   (1,973 ) Operating income (loss) (2 )   (35 )   367   —   330 Interest (expense) income, net:                   External —   (116 )   —   —   (116 ) Intercompany —   (50 )   50   —   — Equity in earnings of subsidiaries 132   92   —   (224 )   — Income (loss) before income taxes 130   (109 )   417   (224 )   214 Federal, state and local income tax benefit (expense) 1   56   (140 )   —   (83 ) Net income (loss) $ 131   $ (53 )   $ 277   $ (224 )   $ 131 Comprehensive income (loss) $ 134   $ (50 )   $ 282   $ (232 )   $ 134 Condensed Consolidating Statement of Comprehensive Income (Loss) For the 13 Weeks Ended April 28, 2012 (millions)     Parent   Subsidiary Issuer   Other Subsidiaries   Consolidating Adjustments   Consolidated Net sales $ —   $ 3,041   $ 5,144   $ (2,042 )   $ 6,143 Cost of sales —   (1,956 )   (3,829 )   2,028   (3,757 ) Gross margin —   1,085   1,315   (14 )   2,386 Selling, general and administrative expenses (2 )   (1,060 )   (947 )   14   (1,995 ) Operating income (loss) (2 )   25   368   —   391 Interest (expense) income, net:                   External 1   (113 )   —   —   (112 ) Intercompany (1 )   (35 )   36   —   — Equity in earnings of subsidiaries 183   63   —   (246 )   — Income (loss) before income taxes 181   (60 )   404   (246 )   279 Federal, state and local income tax benefit (expense) —   35   (133 )   —   (98 ) Net income (loss) $ 181   $ (25 )   $ 271   $ (246 )   $ 181 Comprehensive income (loss) $ 204   $ (2 )   $ 281   $ (279 )   $ 204
Condensed Consolidating Statement of Cash Flows	Condensed Consolidating Statement of Cash Flows For the 13 Weeks Ended April 28, 2012 (millions)     Parent   Subsidiary Issuer   Other Subsidiaries   Consolidating Adjustments   Consolidated Cash flows from operating activities:                   Net income (loss) $ 181   $ (25 )   $ 271   $ (246 )   $ 181 Equity in earnings of subsidiaries (183 )   (63 )   —   246   — Dividends received from subsidiaries 188   —   —   (188 )   — Depreciation and amortization —   118   138   —   256 (Increase) decrease in working capital (104 )   85   (170 )   —   (189 ) Other, net 2   38   (23 )   —   17 Net cash provided by operating activities 84   153   216   (188 )   265 Cash flows from investing activities:                   Purchase of property and equipment and capitalized software, net —   (23 )   (168 )   —   (191 ) Other, net —   —   (11 )   —   (11 ) Net cash used by investing activities —   (23 )   (179 )   —   (202 ) Cash flows from financing activities:                   Debt repaid —   (794 )   (1 )   —   (795 ) Dividends paid (83 )   —   (188 )   188   (83 ) Common stock acquired, net of issuance of common stock (105 )   —   —   —   (105 ) Intercompany activity, net (865 )   666   199   —   — Other, net (44 )   (4 )   32   —   (16 ) Net cash provided (used) by financing activities (1,097 )   (132 )   42   188   (999 ) Net increase (decrease) in cash and cash equivalents (1,013 )   (2 )   79   —   (936 ) Cash and cash equivalents at beginning of period 2,533   38   256   —   2,827 Cash and cash equivalents at end of period $ 1,520   $ 36   $ 335   $ —   $ 1,891 Condensed Consolidating Statement of Cash Flows For the 13 Weeks Ended April 30, 2011 (millions)     Parent   Subsidiary Issuer   Other Subsidiaries   Consolidating Adjustments   Consolidated Cash flows from operating activities:                   Net income (loss) $ 131   $ (53 )   $ 277   $ (224 )   $ 131 Equity in earnings of subsidiaries (132 )   (92 )   —   224   — Dividends received from subsidiaries 100   —   —   (100 )   — Depreciation and amortization —   129   139   —   268 (Increase) decrease in working capital (33 )   76   (233 )   —   (190 ) Other, net (73 )   38   (107 )   —   (142 ) Net cash provided (used) by operating activities (7 )   98   76   (100 )   67 Cash flows from investing activities:                   Purchase of property and equipment and capitalized software, net —   (16 )   (74 )   —   (90 ) Other, net —   37   (11 )   —   26 Net cash provided (used) by investing activities —   21   (85 )   —   (64 ) Cash flows from financing activities:                   Debt repaid —   (335 )   —   —   (335 ) Dividends paid (21 )   —   (100 )   100   (21 ) Issuance of common stock, net of common stock acquired 31   —   —   —   31 Intercompany activity, net (381 )   214   167   —   — Other, net (43 )   (2 )   55   —   10 Net cash provided (used) by financing activities (414 )   (123 )   122   100   (315 ) Net increase (decrease) in cash and cash equivalents (421 )   (4 )   113   —   (312 ) Cash and cash equivalents at beginning of period 1,174   41   249   —   1,464 Cash and cash equivalents at end of period $ 753   $ 37   $ 362   $ —   $ 1,152