Condensed Consolidating Financial Information (Tables)

v2.4.0.8

Condensed Consolidating Financial Information (Tables)	3 Months Ended
	May 03, 2014
Condensed Consolidating Financial Information [Abstract]
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet As of May 3, 2014 (millions)     Parent   Subsidiary Issuer   Other Subsidiaries   Consolidating Adjustments   Consolidated ASSETS:                   Current Assets:                   Cash and cash equivalents $ 1,425   $ 129   $ 324   $ —   $ 1,878 Receivables —   58   217   —   275 Merchandise inventories —   3,023   2,874   —   5,897 Prepaid expenses and other current assets —   94   360   —   454 Income taxes 9   —   —   (9 )   — Total Current Assets 1,434   3,304   3,775   (9 )   8,504 Property and Equipment – net —   4,481   3,311   —   7,792 Goodwill —   3,315   428   —   3,743 Other Intangible Assets – net —   91   428   —   519 Other Assets 4   108   648   —   760 Deferred income taxes 20   —   —   (20 )   — Intercompany Receivable 28   —   3,306   (3,334 )   — Investment in Subsidiaries 4,687   3,225   —   (7,912 )   — Total Assets $ 6,173   $ 14,524   $ 11,896   $ (11,275 )   $ 21,318 LIABILITIES AND SHAREHOLDERS’ EQUITY:                   Current Liabilities:                   Short-term debt $ —   $ 6   $ 2   $ —   $ 8 Merchandise accounts payable —   1,086   1,304   —   2,390 Accounts payable and accrued liabilities 7   980   1,233   —   2,220 Income taxes —   36   78   (9 )   105 Deferred income taxes —   301   80   —   381 Total Current Liabilities 7   2,409   2,697   (9 )   5,104 Long-Term Debt —   7,154   21   —   7,175 Intercompany Payable —   3,330   4   (3,334 )   — Deferred Income Taxes —   576   748   (20 )   1,304 Other Liabilities 66   489   1,080   —   1,635 Shareholders' Equity 6,100   566   7,346   (7,912 )   6,100 Total Liabilities and Shareholders' Equity $ 6,173   $ 14,524   $ 11,896   $ (11,275 )   $ 21,318 Condensed Consolidating Balance Sheet As of May 4, 2013 (millions)     Parent   Subsidiary Issuer   Other Subsidiaries   Consolidating Adjustments   Consolidated ASSETS:                   Current Assets:                   Cash and cash equivalents $ 1,404   $ 43   $ 305   $ —   $ 1,752 Receivables —   50   245   —   295 Merchandise inventories —   2,909   2,722   —   5,631 Prepaid expenses and other current assets —   89   299   —   388 Income taxes 36   —   —   (36 )   — Total Current Assets 1,440   3,091   3,571   (36 )   8,066 Property and Equipment – net —   4,583   3,480   —   8,063 Goodwill —   3,315   428   —   3,743 Other Intangible Assets – net —   116   436   —   552 Other Assets 4   69   543   —   616 Intercompany Receivable 566   —   3,095   (3,661 )   — Investment in Subsidiaries 4,109   2,660   —   (6,769 )   — Total Assets $ 6,119   $ 13,834   $ 11,553   $ (10,466 )   $ 21,040 LIABILITIES AND SHAREHOLDERS’ EQUITY:                   Current Liabilities:                   Short-term debt $ —   $ 122   $ 2   $ —   $ 124 Merchandise accounts payable —   1,124   1,302   —   2,426 Accounts payable and accrued liabilities 71   821   1,242   —   2,134 Income taxes —   49   78   (36 )   91 Deferred income taxes —   324   102   —   426 Total Current Liabilities 71   2,440   2,726   (36 )   5,201 Long-Term Debt —   6,774   23   —   6,797 Intercompany Payable —   3,661   —   (3,661 )   — Deferred Income Taxes 8   433   799   —   1,240 Other Liabilities 69   605   1,157   —   1,831 Shareholders' Equity (Deficit) 5,971   (79 )   6,848   (6,769 )   5,971 Total Liabilities and Shareholders' Equity $ 6,119   $ 13,834   $ 11,553   $ (10,466 )   $ 21,040 Condensed Consolidating Balance Sheet As of February 1, 2014 (millions)     Parent   Subsidiary Issuer   Other Subsidiaries   Consolidating Adjustments   Consolidated ASSETS:                   Current Assets:                   Cash and cash equivalents $ 1,955   $ 84   $ 234   $ —   $ 2,273 Receivables —   102   336   —   438 Merchandise inventories —   2,896   2,661   —   5,557 Prepaid expenses and other current assets —   103   317   —   420 Income taxes 80   —   —   (80 )   — Total Current Assets 2,035   3,185   3,548   (80 )   8,688 Property and Equipment – net —   4,590   3,340   —   7,930 Goodwill —   3,315   428   —   3,743 Other Intangible Assets – net —   97   430   —   527 Other Assets 4   101   641   —   746 Deferred Income Taxes 19   —   —   (19 )   — Intercompany Receivable —   —   3,561   (3,561 )   — Investment in Subsidiaries 4,625   3,157   —   (7,782 )   — Total Assets $ 6,683   $ 14,445   $ 11,948   $ (11,442 )   $ 21,634 LIABILITIES AND SHAREHOLDERS’ EQUITY:                   Current Liabilities:                   Short-term debt $ —   $ 461   $ 2   $ —   $ 463 Merchandise accounts payable —   760   931   —   1,691 Accounts payable and accrued liabilities 10   1,265   1,535   —   2,810 Income taxes —   80   362   (80 )   362 Deferred income taxes —   315   85   —   400 Total Current Liabilities 10   2,881   2,915   (80 )   5,726 Long-Term Debt —   6,708   20   —   6,728 Intercompany Payable 362   3,199   —   (3,561 )   — Deferred Income Taxes —   544   748   (19 )   1,273 Other Liabilities 62   522   1,074   —   1,658 Shareholders' Equity (Deficit) 6,249   591   7,191   (7,782 )   6,249 Total Liabilities and Shareholders' Equity $ 6,683   $ 14,445   $ 11,948   $ (11,442 )   $ 21,634
Condensed Consolidating Statement of Comprehensive Income (Loss)	Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended May 4, 2013 (millions)     Parent   Subsidiary Issuer   Other Subsidiaries   Consolidating Adjustments   Consolidated Net sales $ —   $ 3,034   $ 5,548   $ (2,195 )   $ 6,387 Cost of sales —   (1,897 )   (4,196 )   2,182   (3,911 ) Gross margin —   1,137   1,352   (13 )   2,476 Selling, general and administrative expenses (3 )   (1,050 )   (1,001 )   13   (2,041 ) Operating income (loss) (3 )   87   351   —   435 Interest (expense) income, net:                   External —   (97 )   —   —   (97 ) Intercompany —   (40 )   40   —   — Equity in earnings of subsidiaries 219   55   —   (274 )   — Income before income taxes 216   5   391   (274 )   338 Federal, state and local income tax benefit (expense) 1   27   (149 )   —   (121 ) Net income $ 217   $ 32   $ 242   $ (274 )   $ 217 Comprehensive income $ 241   $ 56   $ 252   $ (308 )   $ 241 Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended May 3, 2014 (millions)     Parent   Subsidiary Issuer   Other Subsidiaries   Consolidating Adjustments   Consolidated Net sales $ —   $ 2,918   $ 5,470   $ (2,109 )   $ 6,279 Cost of sales —   (1,886 )   (4,046 )   2,096   (3,836 ) Gross margin —   1,032   1,424   (13 )   2,443 Selling, general and administrative expenses (2 )   (1,008 )   (1,003 )   13   (2,000 ) Operating income (loss) (2 )   24   421   —   443 Interest (expense) income, net:                   External —   (100 )   —   —   (100 ) Intercompany —   (58 )   58   —   — Equity in earnings of subsidiaries 225   66   —   (291 )   — Income (loss) before income taxes 223   (68 )   479   (291 )   343 Federal, state and local income tax benefit (expense) 1   38   (158 )   —   (119 ) Net income (loss) $ 224   $ (30 )   $ 321   $ (291 )   $ 224 Comprehensive income (loss) $ 228   $ (26 )   $ 323   $ (297 )   $ 228
Condensed Consolidating Statement of Cash Flows	Condensed Consolidating Statement of Cash Flows For the 13 Weeks Ended May 4, 2013 (millions)     Parent   Subsidiary Issuer   Other Subsidiaries   Consolidating Adjustments   Consolidated Cash flows from operating activities:                   Net income $ 217   $ 32   $ 242   $ (274 )   $ 217 Equity in earnings of subsidiaries (219 )   (55 )   —   274   — Dividends received from subsidiaries 161   —   —   (161 )   — Depreciation and amortization —   118   133   —   251 (Increase) decrease in working capital (31 )   81   (290 )   —   (240 ) Other, net 9   48   13   —   70 Net cash provided by operating activities 137   224   98   (161 )   298 Cash flows from investing activities:                   Purchase of property and equipment and capitalized software, net —   (43 )   (68 )   —   (111 ) Other, net —   —   4   —   4 Net cash used by investing activities —   (43 )   (64 )   —   (107 ) Cash flows from financing activities:                   Debt repaid —   (5 )   —   —   (5 ) Dividends paid (78 )   —   (161 )   161   (78 ) Common stock acquired, net of issuance of common stock (236 )   —   —   —   (236 ) Intercompany activity, net 91   (173 )   82   —   — Other, net (48 )   (1 )   93   —   44 Net cash provided (used) by financing activities (271 )   (179 )   14   161   (275 ) Net increase (decrease) in cash and cash equivalents (134 )   2   48   —   (84 ) Cash and cash equivalents at beginning of period 1,538   41   257   —   1,836 Cash and cash equivalents at end of period $ 1,404   $ 43   $ 305   $ —   $ 1,752 Condensed Consolidating Statement of Cash Flows For the 13 Weeks Ended May 3, 2014 (millions)     Parent   Subsidiary Issuer   Other Subsidiaries   Consolidating Adjustments   Consolidated Cash flows from operating activities:                   Net income (loss) $ 224   $ (30 )   $ 321   $ (291 )   $ 224 Equity in earnings of subsidiaries (225 )   (66 )   —   291   — Dividends received from subsidiaries 167   —   —   (167 )   — Depreciation and amortization —   113   140   —   253 (Increase) decrease in working capital 87   (53 )   (418 )   —   (384 ) Other, net 5   (15 )   3   —   (7 ) Net cash provided (used) by operating activities 258   (51 )   46   (167 )   86 Cash flows from investing activities:                   Purchase of property and equipment and capitalized software, net —   1   (103 )   —   (102 ) Other, net —   1   5   —   6 Net cash provided (used) by investing activities —   2   (98 )   —   (96 ) Cash flows from financing activities:                   Debt repaid —   (4 )   (1 )   —   (5 ) Dividends paid (92 )   —   (167 )   167   (92 ) Common stock acquired, net of issuance of common stock (277 )   —   —   —   (277 ) Intercompany activity, net (370 )   121   249   —   — Other, net (49 )   (23 )   61   —   (11 ) Net cash provided (used) by financing activities (788 )   94   142   167   (385 ) Net increase (decrease) in cash and cash equivalents (530 )   45   90   —   (395 ) Cash and cash equivalents at beginning of period 1,955   84   234   —   2,273 Cash and cash equivalents at end of period $ 1,425   $ 129   $ 324   $ —   $ 1,878