View Filing Data

Other intangible assets, net

156

157

163

Other assets

Total Assets

3,631

3,577

3,669

Current liabilities

Accounts payable

303

301

354

Accrued and other liabilities

387

393

355

Current portion of capital lease obligations

Liabilities, Current, Total

692

696

712

Long-term debt and obligations under capital leases

131

132

135

Other liabilities

253

229

Total liabilities

1,076

1,081

1,076

Shareholders' equity

Common stock and paid-in capital: 171,833,686; 170,078,313 and 170,529,401 shares, respectively

1,025

979

947

Retained earnings

2,929

2,780

2,517

Accumulated other comprehensive loss

(318)

(319)

(164)

Less: Treasury stock at cost: 32,094,240; 25,381,244 and 29,665,213 shares, respectively

(1,081)

(944)

(707)

Total shareholders' equity

2,555

2,496

2,593

Liabilites and Shareholders' Equity, Total

$ 3,631

$ 3,577

$ 3,669

[1]

The balance sheet at January 31, 2015 has been derived from the previously reported audited financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended January 31, 2015.

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	May 02, 2015	Jan. 31, 2015	May 03, 2014
Common Stock, Shares, Issued	171,833,686	170,529,401	170,078,313
Treasury Stock, Shares	32,094,240	29,665,213	25,381,244

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions

3 Months Ended

May 02, 2015

May 03, 2014

Selling, general and administrative expenses

$ 1,916

$ 1,868

Cost of sales

1,246

1,222

345

355

Depreciation and amortization

Impairment charge

Interest expense, net

Other income, net

^[1]

(1)

Costs and Expenses, Total

1,626

1,614

Income before income taxes

290

254

Income tax expense

106

Net income

$ 184

$ 162

Basic earnings per share:

Net income (in dollars per share)

$ 1.31

$ 1.12

Weighted-average common shares outstanding

140.1

145.4

Diluted earnings per share:

Net income (in dollars per share)

$ 1.29

$ 1.10

Weighted-average common shares assuming dilution

142.1

147.6

[1]	Other income includes non-operating items, such as lease termination gains, royalty income, and the changes in fair value, premiums paid and realized gains associated with foreign currency option contracts.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	May 02, 2015	May 03, 2014
Net income	$ 184	$ 162
Foreign currency translation adjustment:
Translation adjustment arising during the period, net of income tax	1	19
Cash flow hedges:
Change in fair value of derivatives, net of income tax	(1)	1
Pension and postretirement adjustments:
Amortization of net actuarial gain/loss included in net periodic benefit costs, net of income tax expense of $1 million and $1 million, respectively	1	2
Available for sale securities:
Comprehensive income	$ 185	$ 184

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Adjustments to reconcile net income to net cash provided by operating activities:

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	May 02, 2015	May 03, 2014
Amortization of net actuarial gain/loss included in net periodic benefit costs, net of income tax expense	$ 1	$ 1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions

3 Months Ended

May 02, 2015

May 03, 2014

From Operating Activities:

Net income

$ 184

$ 162

Non-cash impairment charge

Depreciation and amortization

Share-based compensation expense

Qualified pension plan contributions

(2)

Excess tax benefits on share-based compensation

(14)

(7)

Change in assets and liabilities:

Merchandise inventories

(40)

Accounts payable

Accrued and other liabilities

(10)

Other, net

(7)

Net cash provided by operating activities

213

272

From Investing Activities:

Capital expenditures

(60)

(49)

Sales and maturities of short-term investments

Net cash used in investing activities

(60)

(42)

From Financing Activities:

Repayments of obligations under capital leases

(1)

Dividends paid on common stock

(35)

(32)

Issuance of common stock

Purchase of treasury shares

(129)

(70)

Excess tax benefits on share-based compensation

Net cash used in financing activities

(127)

(86)

Effect of exchange rate fluctuations on Cash and Cash Equivalents

(7)

Net change in Cash and Cash Equivalents

147

Cash and Cash Equivalents at beginning of year

967

^[1]

858

Cash and Cash Equivalents at end of interim period

986

1,005

Cash paid during the period:

Interest

Income taxes

$ 126

$ 83

[1]

Summary of Significant Accounting Policies

3 Months Ended

May 02, 2015

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

1. Summary of Significant Accounting Policies

Basis of Presentation

The accompanying condensed consolidated financial statements contained in this report are unaudited. In the opinion of management, the condensed consolidated financial statements include all adjustments, which are of a normal recurring nature, necessary for a fair presentation of the results for the interim periods of the fiscal year ending January 30, 2016 and of the fiscal year ended January 31, 2015. Certain items included in these statements are based on management’s estimates. Actual results may differ from those estimates. The results of operations for any interim period are not necessarily indicative of the results expected for the year. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Notes to Consolidated Financial Statements contained in Foot Locker, Inc.’s (the “Company”) Form 10-K for the year ended January 31, 2015, as filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 30, 2015.

Recent Accounting Pronouncements

Recently issued accounting pronouncements did not, or are not believed by management to, have a material effect on the Company’s present or future consolidated financial statements.

Segment Information

3 Months Ended

May 02, 2015

Segment Reporting [Abstract]

Segment Information

2. Segment Information

The Company has determined that its reportable segments are those that are based on its method of internal reporting. The Company has two reportable segments, Athletic Stores and Direct-to-Customers. The Company evaluates performance based on several factors, of which the primary financial measure is division results. Division profit reflects income before income taxes, corporate expense, non-operating income, and net interest expense.

	Thirteen weeks ended
	May 2,		May 3,
	2015		2014
	(in millions)
Sales
Athletic Stores	$	1,681	$	1,657
Direct-to-Customers		235		211
	$	1,916	$	1,868
Operating Results
Athletic Stores⁽¹⁾	$	267	$	247
Direct-to-Customers		40		28
Division profit		307		275
Less: Corporate expense		17		21
Operating profit		290		254
Interest expense, net		1		1
Other income⁽²⁾		1		1
Income before income taxes	$	290	$	254

(1)		During the first quarter of 2014, the Company recorded a non-cash impairment charge of $1 million to fully write down the remaining value of the tradename related to the Company’s stores in the Republic of Ireland, reflecting historical and projected underperformance.
(2)		Other income includes non-operating items, such as lease termination gains, royalty income, and the changes in fair value, premiums paid, and realized gains associated with foreign currency option contracts.

Goodwill and Intangible Assets Disclosure [Abstract]

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

+ Details

Goodwill

3 Months Ended

May 02, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

3. Goodwill

Annually during the first quarter, or more frequently if impairment indicators arise, the Company reviews goodwill and intangible assets with indefinite lives for impairment. The annual review of goodwill and intangible assets with indefinite lives performed during the first quarter of 2015 did not result in the recognition of impairment.

The following table provides a summary of goodwill by reportable segment. The change represents foreign exchange fluctuations.

	May 2,		May 3,		January 31,
	2015		2014		2015
	(in millions)
Athletic Stores	$	17	$	21	$	17
Direct-to-Customers		139		142		140
	$	156	$	163	$	157

Other Intangible Assets, net

3 Months Ended

May 02, 2015

Other Intangible Assets, net

4. Other Intangible Assets, net

The components of finite-lived intangible assets and intangible assets not subject to amortization are as follows:

	May 2, 2015						May 3, 2014						January 31, 2015
(in millions)	Gross value		Accum. amort.		Net Value		Gross value		Accum. amort.		Net Value		Gross value		Accum. amort		Net Value
Amortized intangible assets: ⁽¹⁾, ⁽²⁾
Lease acquisition costs	$	126	$	(115)	$	11	$	159	$	(142)	$	17	$	128	$	(116)	$	12
Trademarks		21		(12)		9		21		(11)		10		21		(12)		9
Favorable leases		7		(4)		3		8		(4)		4		7		(4)		3
	$	154	$	(131)	$	23	$	188	$	(157)	$	31	$	156	$	(132)	$	24

Indefinite life intangible assets ⁽¹⁾
Runners Point Group trademarks						25						31						25
Other trademarks ⁽³⁾						—						3						—
					$	25					$	34					$	25
Other intangible assets, net					$	48					$	65					$	49

(1)		Includes the effect of foreign currency translation related primarily to the movements of the euro in relation to the U.S. dollar.
(2)		During 2014, the Company exited the CCS e-commerce business; as such, the fully amortized customer relationship intangible of $21 million was removed from the amounts presented above for all periods presented.
(3)		During the first quarter of 2014, the Company recorded a non-cash impairment charge of $1 million to fully write down the remaining value of the tradename related to the Company’s stores in the Republic of Ireland, reflecting historical and projected underperformance.

Amortization expense for intangibles subject to amortization was $1 million and $2 million for thirteen weeks ended May 2, 2015 and May 3, 2014, respectively.

Estimated future amortization expense for finite life intangible assets is as follows:

	(in millions)
Remainder of 2015	$	3
2016		4
2017		3
2018		3
2019		3
2020		2

Accumulated Other Comprehensive Loss

3 Months Ended

May 02, 2015

Equity [Abstract]

Accumulated Other Comprehensive Loss

5. Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss (“AOCL”), net of tax, is comprised the following:

	May 2,		May 3,		January 31,
	2015		2014		2015
	(in millions)
Foreign currency translation adjustments	$	(74)	$	76	$	(75)
Cash flow hedges		(4)		(1)		(3)
Unrecognized pension cost and postretirement benefit		(239)		(238)		(240)
Unrealized loss on available-for-sale security		(1)		(1)		(1)
	$	(318)	$	(164)	$	(319)

The changes in AOCL for the thirteen weeks ended May 2, 2015 were as follows:

(in millions)	Foreign currency translation adjustments		Cash flow hedges		Items related to pension and postretirement benefits		Unrealized loss on available-for- sale security		Total
Balance as of January 31, 2015	$	(75)		(3)		(240)		(1)	$	(319)
OCI before reclassification		1		(1)		(1)		—		(1)
Reclassified from AOCL		—		—		2		—		2
Other comprehensive income/(loss)		1		(1)		1		—		1
Balance as of May 2, 2015	$	(74)		(4)		(239)		(1)	$	(318)

Reclassifications from AOCL for the thirteen weeks ended May 2, 2015 were as follows:

	(in millions)
Amortization of actuarial (gain) loss:
Pension benefits - amortization of actuarial loss	$	3
Postretirement benefits - amortization of actuarial gain		—
Net periodic benefit cost (see Note 9)		3
Income tax benefit		(1)
Net of tax	$	2

Derivative Instruments and Hedges, Assets [Abstract]

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e689-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e640-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e716-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e709-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e637-108580

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e681-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

Financial Instruments

3 Months Ended

May 02, 2015

Financial Instruments

6. Financial Instruments

The Company operates internationally and utilizes certain derivative financial instruments to mitigate its foreign currency exposures, primarily related to third-party and intercompany forecasted transactions. As a result of the use of derivative instruments, the Company is exposed to the risk that counterparties will fail to meet their contractual obligations. To mitigate this counterparty credit risk, the Company has a practice of entering into contracts only with major financial institutions selected based upon their credit ratings and other financial factors. The Company monitors the creditworthiness of counterparties throughout the duration of the derivative instrument.

Additional information is contained within Note 7, Fair Value Measurements.

Derivative Holdings Designated as Hedges

For a derivative to qualify as a hedge at inception and throughout the hedged period, the Company formally documents the nature of the hedged items and the relationships between the hedging instruments and the hedged items, as well as its risk-management objectives, strategies for undertaking the various hedge transactions, and the methods of assessing hedge effectiveness and ineffectiveness. In addition, for hedges of forecasted transactions, the significant characteristics and expected terms of a forecasted transaction must be specifically identified, and it must be probable that each forecasted transaction would occur. If it were deemed probable that the forecasted transaction would not occur, the gain or loss on the derivative instrument would be recognized in earnings immediately. No such gains or losses were recognized in earnings for any of the periods presented. Derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged, both at inception and throughout the hedged period, which management evaluates periodically.

The primary currencies to which the Company is exposed are the euro, British pound, Canadian dollar, and Australian dollar. For the most part, merchandise inventories are purchased by each geographic area in their respective local currency. The exception to this is the United Kingdom, whose merchandise inventory purchases are denominated in euros. For option and foreign exchange forward contracts designated as cash flow hedges of the purchase of inventory, the effective portion of gains and losses is deferred as a component of AOCL and is recognized as a component of cost of sales when the related inventory is sold. The amount reclassified to cost of sales related to such contracts was not significant for any of the periods presented. The effective portion of gains or losses associated with other forward contracts is deferred as a component of AOCL until the underlying transaction is reported in earnings. The ineffective portion of gains and losses related to cash flow hedges recorded to earnings was also not significant for any of the periods presented. When using a forward contract as a hedging instrument, the Company excludes the time value of the contract from the assessment of effectiveness. At each quarter-end, substantially all of the Company’s hedged forecasted transactions are less than twelve months, and the Company expects substantially all derivative-related amounts reported in AOCL to be reclassified to earnings within twelve months. The net change in the fair value of the foreign exchange derivative financial instruments designated as cash flow hedges of the purchase of inventory resulted in a loss of $1 million during the thirteen weeks ended May 2, 2015, and therefore increased AOCL. At May 2, 2015, there was a $4 million loss included in AOCL.

The notional value of the contracts outstanding at May 2, 2015 was $89 million, and these contracts extend through July 2016.

Derivative Holdings Not Designated as Hedges

The Company enters into foreign exchange forward contracts that are not designated as hedges in order to manage the costs of foreign-currency denominated merchandise purchases and intercompany transactions. Changes in the fair value of these foreign exchange forward contracts are recorded in earnings immediately within selling, general and administrative expenses. The net change in fair value resulted in income for the thirteen weeks ended May 2, 2015 of $1 million. The net change in fair value was not significant for the prior-year period. The notional value of the contracts outstanding at May 2, 2015 was $97 million, and these contracts extend through November 2015.

The Company mitigates the effect of fluctuating foreign exchange rates on the reporting of foreign-currency denominated earnings by entering into currency option contracts. Changes in the fair value of these foreign currency option contracts, which are not designated as hedges, are recorded in earnings immediately within other income. The realized gains, premiums paid, and changes in the fair market value recorded were not significant for any of the periods presented. The notional value of the contract outstanding at May 2, 2015 was $23 million, and the contract extends through July 2015.

Fair Value of Derivative Contracts

The following represents the fair value of the Company’s derivative contracts. Many of the Company’s agreements allow for a netting arrangement. The following is presented on a gross basis, by type of contract:

	Balance Sheet	May 2,		May 3,		January 31,
(in millions)	Caption	2015		2014		2015
Hedging Instruments:
Foreign exchange forward contracts	Current liabilities	$	5	$	1	$	4
Non-Hedging Instruments:
Foreign exchange forward contracts	Current liabilities	$	—	$	1	$	1

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6441202&loc=d3e80720-113993

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41620-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624163-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5579240-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4D
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624177-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35736893&loc=d3e80784-113994

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41641-113959

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5579245-113959

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4H
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624258-113959

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35736893&loc=d3e80748-113994

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5708775-113959

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5708773-113959

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5618551-113959

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5580258-113959

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624181-113959

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 25
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41638-113959

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Fair Value Measurements

3 Months Ended

May 02, 2015

Fair Value Disclosures [Abstract]

Fair Value Measurements

7. Fair Value Measurements

The Company’s financial assets recorded at fair value are categorized as follows:

Level 1 –

Quoted prices for identical instruments in active markets.

Level 2 –

Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs or significant value-drivers are observable in active markets.

Level 3 –

Model-derived valuations in which one or more significant inputs or significant value-drivers are unobservable.

The following tables provide a summary of the Company’s recognized assets and liabilities that are measured at fair value on a recurring basis:

	At May 2, 2015						At May 3, 2014						At January 31, 2015
	(in millions)
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets
Short-term investments	$	—	$	—	$	—	$	—	$	2	$	—	$	—	$	—	$	—
Auction rate security		—		6		—		—		6		—		—		6		—
Total Assets	$	—	$	6	$	—	$	—	$	8	$	—	$	—	$	6	$	—

Liabilities
Foreign exchange forward contracts		—		5		—		—		2		—		—		5		—
Total Liabilities	$	—	$	5	$	—	$	—	$	2	$	—	$	—	$	5	$	—

Available-for-sale securities are recorded at fair value with unrealized gains and losses reported, net of tax, in other comprehensive income, unless unrealized losses are determined to be other than temporary. The fair value of the auction rate security is determined by using quoted prices for similar instruments in active markets and accordingly is classified as a Level 2 instrument.

The Company’s derivative financial instruments are valued using market-based inputs to valuation models. These valuation models require a variety of inputs, including contractual terms, market prices, yield curves, and measures of volatility and, therefore, are classified as Level 2 instruments.

There were no transfers into or out of Level 1, Level 2, or Level 3 assets and liabilities for any of the periods presented.

The carrying value and estimated fair value of long-term debt and obligations under capital leases were as follows:

	May 2,		May 3,		January 31,
	2015		2014		2015
	(in millions)
Carrying value	$	133	$	138	$	134
Fair value	$	158	$	163	$	163

The fair value of long-term debt is determined by using model-derived valuations in which all significant inputs or significant value-drivers are observable in active markets and, therefore, are classified as Level 2. The carrying values of cash and cash equivalents and other current receivables and payables approximate their fair value.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Earnings Per Share [Text Block]

Earnings Per Share

3 Months Ended

May 02, 2015

Earnings Per Share [Abstract]

8. Earnings Per Share

The Company accounts for and discloses earnings per share using the treasury stock method. Basic earnings per share is computed by dividing reported net income for the period by the weighted-average number of common shares outstanding at the end of the period. Restricted stock awards, which contain non-forfeitable rights to dividends, are considered participating securities and are included in the calculation of basic earnings per share. Diluted earnings per share reflects the weighted-average number of common shares outstanding during the period used in the basic earnings per share computation plus dilutive common stock equivalents.

The computation of basic and diluted earnings per share is as follows:

	Thirteen weeks ended
	May 2,		May 3,
	2015		2014
	(in millions)
Weighted-average common shares outstanding		140.1		145.4
Effect of Dilution:
Stock options and awards		2.0		2.2
Weighted-average common shares assuming dilution		142.1		147.6

Options to purchase 0.4 million and 0.3 million shares of common stock were not included in the computation for the thirteen weeks ended May 2, 2015 and May 3, 2014, respectively. These options were not included primarily because the exercise prices of the options were greater than the average market price of the common shares and, therefore, the effect would have been antidilutive. Contingently issuable shares of 0.3 million and 0.4 million have not been included as the vesting conditions have not been satisfied as of May 2, 2015 and May 3, 2014, respectively.

Pension and Postretirement Plans

3 Months Ended

May 02, 2015

Compensation and Retirement Disclosure [Abstract]

Pension and Postretirement Plans

9. Pension and Postretirement Plans

The Company has defined benefit pension plans covering certain of its North American employees, which are funded in accordance with the provisions of the laws where the plans are in effect. In addition, the Company has a defined benefit pension plan covering certain individuals of the Runners Point Group.

In addition to providing pension benefits, the Company sponsors postretirement medical and life insurance plans, which are available to most of its retired U.S. employees. These medical and life insurance plans are contributory and are not funded.

The following are the components of net periodic pension benefit cost and net periodic postretirement benefit income, which is recognized as part of SG&A expense:

	Pension				Postretirement
	Benefits				Benefits
	May 2,		May 3,		May 2,		May 3,
	2015		2014		2015		2014
	(in millions)
Service cost	$	4	$	4	$	—	$	—
Interest cost		6		7		—		—
Expected return on plan assets		(9)		(10)		—		—
Amortization of net loss (gain)		3		4		—		(1)
Net benefit expense (income)	$	4	$	5	$	—	$	(1)

No contributions were made to the plans during the thirteen weeks ended May 2, 2015. The Company continually evaluates the amount and timing of any future contributions. The Company currently does not expect to contribute to the U.S. or Canadian qualified plans during the current year. Additional contributions will depend on the plan asset performance and other factors.

Share-Based Compensation

3 Months Ended

May 02, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation

10. Share-Based Compensation

Total compensation expense included in SG&A, and the associated tax benefits recognized related to the Company’s share-based compensation plans were as follows:

	Thirteen weeks ended
	May 2,		May 3,
	2015		2014
	(in millions)
Options and shares purchased under the employee stock purchase plan	$	3	$	3
Restricted stock and units		3		3
Total share-based compensation expense	$	6	$	6

Tax benefit recognized	$	2	$	2
Excess income tax benefit from settled equity-classified share-based awards reported as a cash flow from financing activities	$	14	$	7

Valuation Model and Assumptions

The Company uses a Black-Scholes option-pricing model to estimate the fair value of share-based awards. The Black-Scholes option-pricing model incorporates various and highly subjective assumptions, including expected term and expected volatility. The following table shows the Company’s assumptions used to compute the share-based compensation expense:

	Stock Option Plans						Stock Purchase Plan
	May 2,			May 3,			May 2,			May 3,
	2015			2014			2015			2014
Weighted-average risk free rate of interest		1.51	%		2.12	%		0.13	%		0.17	%
Expected volatility		30	%		39	%		23	%		25	%
Weighted-average expected award life		6.0 years			6.1 years			1.0 year			1.0 year
Dividend yield		1.6	%		2.0	%		1.82	%		2.3	%
Weighted-average fair value	$	16.01		$	14.91		$	8.03		$	5.79

The information in the following table covers options granted under the Company’s stock option plans for the thirteen weeks ended May 2, 2015:

			Weighted-		Weighted-Average
			Average		Exercise
	Shares		Term		Price
	(in thousands, except price per share and weighted-average term)
Options outstanding at the beginning of the year		5,569			$	25.89
Granted		682				62.11
Exercised		(1,000)				22.84
Expired or cancelled		(49)				48.47
Options outstanding at May 2, 2015		5,202		6.68	$	31.01
Options exercisable at May 2, 2015		3,685		5.67	$	23.09
Options vested and expected to vest at May 2, 2015		5,144		6.65	$	30.73
Options available for future grant at May 2, 2015		13,041

The total intrinsic value of options exercised (the difference between the market price of the Company’s common stock on the exercise date and the price paid by the optionee to exercise the option) is presented below:

	Thirteen weeks ended
	May 2,		May 3,
	2015		2014
	(in millions)
Exercised	$	36	$	11

The aggregate intrinsic value for stock options outstanding and for stock options exercisable (the difference between the Company’s closing stock price on the last trading day of the period and the exercise price of the options, multiplied by the number of in-the-money stock options) is presented below:

	Thirteen weeks ended
	May 2,		May 3,
	2015		2014
	(in millions)
Outstanding	$	153	$	128
Outstanding and exercisable	$	137	$	110
Vested and expected to vest	$	153	$	127

As of May 2, 2015, there was $14 million of total unrecognized compensation cost, related to nonvested stock options, which is expected to be recognized over a weighted-average period of 1.79 years.

The cash received from option exercises for the thirteen weeks ended May 2, 2015 and May 3, 2014 was $23 million and $10 million, respectively. The actual tax benefit realized from stock option exercises was $14 million and $4 million for the thirteen weeks ended May 2, 2015 and May 3, 2014, respectively.

The following table summarizes information about stock options outstanding and exercisable at May 2, 2015:

	Options Outstanding						Options Exercisable
			Weighted-
			Average		Weighted-				Weighted-
			Remaining		Average				Average
	Number		Contractual		Exercise		Number		Exercise
Range of Exercise Prices	Outstanding		Life		Price		Exercisable		Price
	(in thousands, except prices per share and contractual life)
$ 9.85 to $15.10		1,130		4.34	$	12.62		1,130	$	12.62
$18.80 to $25.19		1,201		5.09	$	19.81		1,201	$	19.81
$30.92 to $36.59		1,510		7.31	$	32.94		1,117	$	32.47
$45.08 to $62.11		1,361		9.33	$	54.05		237	$	45.46
		5,202		6.68	$	31.01		3,685	$	23.09

Restricted Stock and Units

Restricted shares of the Company’s common stock and restricted stock units may be awarded to certain officers and key employees of the Company. Awards made to executives outside of the United States and to nonemployee directors are made in the form of restricted stock units. Additionally, restricted stock unit awards are made in connection with the Company’s long-term incentive program. Each restricted stock unit represents the right to receive one share of the Company’s common stock provided that the vesting conditions are satisfied. There were 594,910 and 793,011 restricted stock units outstanding as of May 2, 2015 and May 3, 2014, respectively.

Generally, awards fully vest after the passage of time, typically three years. However, restricted stock unit grants made in connection with the Company’s long-term incentive program vest after the attainment of both certain performance metrics and the passage of time. Restricted stock is considered outstanding at the time of grant and the holders have voting rights. Dividends are paid to holders of restricted stock that vest with the passage of time; for performance-based restricted stock, dividends will be accumulated and paid after the performance criteria are met. No dividends are paid on restricted stock units.

Compensation expense is recognized using the fair market value at the date of grant and is amortized over the vesting period, provided the recipient continues to be employed by the Company.

Restricted share and unit activity for the thirteen weeks ended May 2, 2015 is summarized as follows:

			Weighted-Average
			Grant Date Fair
	Number of Shares		Value per Share
	(in thousands, except price per share)
Nonvested at the beginning of the year		1,038	$	37.96
Granted		117		61.46
Vested		(280)		31.51
Expired or cancelled		(26)		43.57
Nonvested at May 2, 2015		849	$	43.14
Aggregate value (in millions)	$	37
Weighted-average remaining contractual life (in years)		1.47 years

The weighted grant-date fair value per share was $61.46 and $45.03 for the thirteen weeks ended May 2, 2015 and May 3, 2014, respectively. The total value of awards for which restrictions lapsed for both the thirteen weeks ended May 2, 2015 and May 3, 2014 was $9 million. As of May 2, 2015, there was $14 million of total unrecognized compensation cost net of forfeitures related to nonvested restricted awards.

Summary of Significant Accounting Policies (Policies)

3 Months Ended

May 02, 2015

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

Recent Accounting Pronouncements

Recent Accounting Pronouncements

Recently issued accounting pronouncements did not, or are not believed by management to, have a material effect on the Company’s present or future consolidated financial statements.

Segment Information (Tables)

3 Months Ended

May 02, 2015

Segment Reporting [Abstract]

Sales and Division Operating Results for Reportable Segments

	Thirteen weeks ended
	May 2,		May 3,
	2015		2014
	(in millions)
Sales
Athletic Stores	$	1,681	$	1,657
Direct-to-Customers		235		211
	$	1,916	$	1,868
Operating Results
Athletic Stores⁽¹⁾	$	267	$	247
Direct-to-Customers		40		28
Division profit		307		275
Less: Corporate expense		17		21
Operating profit		290		254
Interest expense, net		1		1
Other income⁽²⁾		1		1
Income before income taxes	$	290	$	254

(1)		During the first quarter of 2014, the Company recorded a non-cash impairment charge of $1 million to fully write down the remaining value of the tradename related to the Company’s stores in the Republic of Ireland, reflecting historical and projected underperformance.
(2)		Other income includes non-operating items, such as lease termination gains, royalty income, and the changes in fair value, premiums paid, and realized gains associated with foreign currency option contracts.

Goodwill (Tables)

3 Months Ended

May 02, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Abstract]

The following table provides a summary of goodwill by reportable segment. The change represents foreign exchange fluctuations.

	May 2,		May 3,		January 31,
	2015		2014		2015
	(in millions)
Athletic Stores	$	17	$	21	$	17
Direct-to-Customers		139		142		140
	$	156	$	163	$	157

Other Intangible Assets, net (Tables)

3 Months Ended

May 02, 2015

Components of Finite-Lived Intangible Assets and Intangible Assets Not Subject to Amortization

	May 2, 2015						May 3, 2014						January 31, 2015
(in millions)	Gross value		Accum. amort.		Net Value		Gross value		Accum. amort.		Net Value		Gross value		Accum. amort		Net Value
Amortized intangible assets: ⁽¹⁾, ⁽²⁾
Lease acquisition costs	$	126	$	(115)	$	11	$	159	$	(142)	$	17	$	128	$	(116)	$	12
Trademarks		21		(12)		9		21		(11)		10		21		(12)		9
Favorable leases		7		(4)		3		8		(4)		4		7		(4)		3
	$	154	$	(131)	$	23	$	188	$	(157)	$	31	$	156	$	(132)	$	24

Indefinite life intangible assets ⁽¹⁾
Runners Point Group trademarks						25						31						25
Other trademarks ⁽³⁾						—						3						—
					$	25					$	34					$	25
Other intangible assets, net					$	48					$	65					$	49

(1)		Includes the effect of foreign currency translation related primarily to the movements of the euro in relation to the U.S. dollar.
(2)		During 2014, the Company exited the CCS e-commerce business; as such, the fully amortized customer relationship intangible of $21 million was removed from the amounts presented above for all periods presented.
(3)		During the first quarter of 2014, the Company recorded a non-cash impairment charge of $1 million to fully write down the remaining value of the tradename related to the Company’s stores in the Republic of Ireland, reflecting historical and projected underperformance.

Estimated Future Expected Amortization Expense for Finite Life Intangible Assets

Estimated future amortization expense for finite life intangible assets is as follows:

	(in millions)
Remainder of 2015	$	3
2016		4
2017		3
2018		3
2019		3
2020		2

Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

May 02, 2015

Equity [Abstract]

Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss (“AOCL”), net of tax, is comprised the following:

	May 2,		May 3,		January 31,
	2015		2014		2015
	(in millions)
Foreign currency translation adjustments	$	(74)	$	76	$	(75)
Cash flow hedges		(4)		(1)		(3)
Unrecognized pension cost and postretirement benefit		(239)		(238)		(240)
Unrealized loss on available-for-sale security		(1)		(1)		(1)
	$	(318)	$	(164)	$	(319)

Changes in Accumulated Other Comprehensive Loss

The changes in AOCL for the thirteen weeks ended May 2, 2015 were as follows:

(in millions)	Foreign currency translation adjustments		Cash flow hedges		Items related to pension and postretirement benefits		Unrealized loss on available-for- sale security		Total
Balance as of January 31, 2015	$	(75)		(3)		(240)		(1)	$	(319)
OCI before reclassification		1		(1)		(1)		—		(1)
Reclassified from AOCL		—		—		2		—		2
Other comprehensive income/(loss)		1		(1)		1		—		1
Balance as of May 2, 2015	$	(74)		(4)		(239)		(1)	$	(318)

Reclassification from Accumulated Other Comprehensive Loss

Reclassifications from AOCL for the thirteen weeks ended May 2, 2015 were as follows:

	(in millions)
Amortization of actuarial (gain) loss:
Pension benefits - amortization of actuarial loss	$	3
Postretirement benefits - amortization of actuarial gain		—
Net periodic benefit cost (see Note 9)		3
Income tax benefit		(1)
Net of tax	$	2

Financial Instruments (Tables)

3 Months Ended

May 02, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Contracts on Gross Basis, by Type of Contract

	Balance Sheet	May 2,		May 3,		January 31,
(in millions)	Caption	2015		2014		2015
Hedging Instruments:
Foreign exchange forward contracts	Current liabilities	$	5	$	1	$	4
Non-Hedging Instruments:
Foreign exchange forward contracts	Current liabilities	$	—	$	1	$	1

Fair Value Measurements (Tables)

3 Months Ended

May 02, 2015

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables provide a summary of the Company’s recognized assets and liabilities that are measured at fair value on a recurring basis:

	At May 2, 2015						At May 3, 2014						At January 31, 2015
	(in millions)
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets
Short-term investments	$	—	$	—	$	—	$	—	$	2	$	—	$	—	$	—	$	—
Auction rate security		—		6		—		—		6		—		—		6		—
Total Assets	$	—	$	6	$	—	$	—	$	8	$	—	$	—	$	6	$	—

Liabilities
Foreign exchange forward contracts		—		5		—		—		2		—		—		5		—
Total Liabilities	$	—	$	5	$	—	$	—	$	2	$	—	$	—	$	5	$	—

Carrying Value and Estimated Fair Value of Long-Term Debt

The carrying value and estimated fair value of long-term debt and obligations under capital leases were as follows:

	May 2,		May 3,		January 31,
	2015		2014		2015
	(in millions)
Carrying value	$	133	$	138	$	134
Fair value	$	158	$	163	$	163

Earnings Per Share (Tables)

3 Months Ended

May 02, 2015

Earnings Per Share [Abstract]

Basic and Diluted Weighted-Average Number of Common Shares Outstanding

The computation of basic and diluted earnings per share is as follows:

	Thirteen weeks ended
	May 2,		May 3,
	2015		2014
	(in millions)
Weighted-average common shares outstanding		140.1		145.4
Effect of Dilution:
Stock options and awards		2.0		2.2
Weighted-average common shares assuming dilution		142.1		147.6

Pension and Postretirement Plans (Tables)

3 Months Ended

May 02, 2015

Compensation and Retirement Disclosure [Abstract]

Components of Net Periodic Pension Benefit Cost and Postretirement Benefit Income

The following are the components of net periodic pension benefit cost and net periodic postretirement benefit income, which is recognized as part of SG&A expense:

	Pension				Postretirement
	Benefits				Benefits
	May 2,		May 3,		May 2,		May 3,
	2015		2014		2015		2014
	(in millions)
Service cost	$	4	$	4	$	—	$	—
Interest cost		6		7		—		—
Expected return on plan assets		(9)		(10)		—		—
Amortization of net loss (gain)		3		4		—		(1)
Net benefit expense (income)	$	4	$	5	$	—	$	(1)

Share-Based Compensation (Tables)

3 Months Ended

May 02, 2015

Share-based Compensation [Abstract]

Total compensation expense and the related tax benefits recognized

Total compensation expense included in SG&A, and the associated tax benefits recognized related to the Company’s share-based compensation plans were as follows:

	Thirteen weeks ended
	May 2,		May 3,
	2015		2014
	(in millions)
Options and shares purchased under the employee stock purchase plan	$	3	$	3
Restricted stock and units		3		3
Total share-based compensation expense	$	6	$	6

Tax benefit recognized	$	2	$	2
Excess income tax benefit from settled equity-classified share-based awards reported as a cash flow from financing activities	$	14	$	7

Assumptions used to Compute Share-Based Compensation Expense

The following table shows the Company’s assumptions used to compute the share-based compensation expense:

	Stock Option Plans						Stock Purchase Plan
	May 2,			May 3,			May 2,			May 3,
	2015			2014			2015			2014
Weighted-average risk free rate of interest		1.51	%		2.12	%		0.13	%		0.17	%
Expected volatility		30	%		39	%		23	%		25	%
Weighted-average expected award life		6.0 years			6.1 years			1.0 year			1.0 year
Dividend yield		1.6	%		2.0	%		1.82	%		2.3	%
Weighted-average fair value	$	16.01		$	14.91		$	8.03		$	5.79

Options Granted under Stock Option Plans

The information in the following table covers options granted under the Company’s stock option plans for the thirteen weeks ended May 2, 2015:

			Weighted-		Weighted-Average
			Average		Exercise
	Shares		Term		Price
	(in thousands, except price per share and weighted-average term)
Options outstanding at the beginning of the year		5,569			$	25.89
Granted		682				62.11
Exercised		(1,000)				22.84
Expired or cancelled		(49)				48.47
Options outstanding at May 2, 2015		5,202		6.68	$	31.01
Options exercisable at May 2, 2015		3,685		5.67	$	23.09
Options vested and expected to vest at May 2, 2015		5,144		6.65	$	30.73
Options available for future grant at May 2, 2015		13,041

Total Intrinsic Value of Options Exercised

	Thirteen weeks ended
	May 2,		May 3,
	2015		2014
	(in millions)
Exercised	$	36	$	11

Aggregate Intrinsic Value for Stock Options Outstanding and Exercisable

	Thirteen weeks ended
	May 2,		May 3,
	2015		2014
	(in millions)
Outstanding	$	153	$	128
Outstanding and exercisable	$	137	$	110
Vested and expected to vest	$	153	$	127

Information about Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable at May 2, 2015:

	Options Outstanding						Options Exercisable
			Weighted-
			Average		Weighted-				Weighted-
			Remaining		Average				Average
	Number		Contractual		Exercise		Number		Exercise
Range of Exercise Prices	Outstanding		Life		Price		Exercisable		Price
	(in thousands, except prices per share and contractual life)
$ 9.85 to $15.10		1,130		4.34	$	12.62		1,130	$	12.62
$18.80 to $25.19		1,201		5.09	$	19.81		1,201	$	19.81
$30.92 to $36.59		1,510		7.31	$	32.94		1,117	$	32.47
$45.08 to $62.11		1,361		9.33	$	54.05		237	$	45.46
		5,202		6.68	$	31.01		3,685	$	23.09

Restricted Share and Unit Activity

Restricted share and unit activity for the thirteen weeks ended May 2, 2015 is summarized as follows:

			Weighted-Average
			Grant Date Fair
	Number of Shares		Value per Share
	(in thousands, except price per share)
Nonvested at the beginning of the year		1,038	$	37.96
Granted		117		61.46
Vested		(280)		31.51
Expired or cancelled		(26)		43.57
Nonvested at May 2, 2015		849	$	43.14
Aggregate value (in millions)	$	37
Weighted-average remaining contractual life (in years)		1.47 years

Segment Information - Additional Information (Detail) $ in Millions	3 Months Ended
	May 03, 2014 USD ($)
Segment Reporting Information [Line Items]
Impairment and other charges	$ 1

Sales and Division Operating Results for Reportable Segments (Detail) - USD ($)
$ in Millions

3 Months Ended

May 02, 2015

May 03, 2014

Segment Reporting Information [Line Items]

Income before income taxes

$ 1,916

$ 1,868

Division profit

307

275

Less: Corporate expense

Operating profit

290

254

Interest expense, net

Other income

^[1]

290

254

Athletic Stores

Segment Reporting Information [Line Items]

Operating results before restructuring income

1,681

1,657

^[2]

267

247

Direct-to-Customers

Segment Reporting Information [Line Items]

Operating results before restructuring income

235

211

$ 40

$ 28

[1]	Other income includes non-operating items, such as lease termination gains, royalty income, and the changes in fair value, premiums paid and realized gains associated with foreign currency option contracts.
[2]	During the first quarter of 2014, the Company recorded a non-cash impairment charge of $1 million to fully write-down the remaining value of the tradename related to the Company’s stores in the Republic of Ireland, reflecting historical and projected underperformance.

Goodwill (Detail) - USD ($)
$ in Millions

May 02, 2015

Jan. 31, 2015

May 03, 2014

Goodwill [Line Items]

$ 156

$ 157

^[1]

$ 163

Athletic Stores

Goodwill [Line Items]

Direct-to-Customers

Goodwill [Line Items]

$ 139

$ 140

$ 142

[1]

Other Intangible Assets, net - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	May 02, 2015	May 03, 2014	Jan. 31, 2015
Changes in Amortizing intangible assets [Line Items]
Impairment and Other Charges	$ 0	$ 1
Amortization expense	$ 1	$ 2
Other Intangible Assets [Member]
Changes in Amortizing intangible assets [Line Items]
Fully Amortized Customer Relationship			$ 21

Other Intangible Assets, net (Detail) - USD ($)
$ in Millions

May 02, 2015

Jan. 31, 2015

May 03, 2014

^[1],[2]

$ 154

$ 156

$ 188

^[1],[2]

(131)

(132)

(157)

Indefinite life intangible assets, Net Value

^[1],[2]

^[2]

Other intangible assets, net

^[3]

Lease acquisition costs

^[1],[2]

126

128

159

^[1],[2]

(115)

(116)

(142)

^[1],[2]

Trademark

^[1],[2]

^[1],[2]

(12)

(11)

^[1],[2]

Favorable leases

^[1],[2]

^[1],[2]

(4)

^[1],[2]

Runners Point Group

Indefinite life intangible assets, Net Value

^[2]

Other trademarks

Indefinite life intangible assets, Net Value

^[2],[4]

$ 0

$ 3

[1]	During 2014, the Company exited the CCS e-commerce business, as such; the fully amortized customer relationship intangible of $21 million was removed from the amounts presented above for all periods presented.
[2]	Includes the effect of foreign currency translation related primarily to the movements of the euro in relation to the U.S. dollar.
[3]	The balance sheet at January 31, 2015 has been derived from the previously reported audited financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended January 31, 2015.
[4]	During the first quarter of 2014, the Company recorded a non-cash impairment charge of $1 million to fully write-down the remaining value of the tradename related to the Company’s stores in the Republic of Ireland, reflecting historical and projected underperformance.

Estimated Future Amortization Expense for Finite Lived Intangibles (Detail) $ in Millions	May 02, 2015 USD ($)
Expected Amortization Expense [Line Items]
Remainder of 2015	$ 3
2016	4
2017	3
2018	3
2019	3
2020	$ 2

Accumulated Other Comprehensive Loss, Net of Tax (Detail) - USD ($)
$ in Millions

May 02, 2015

Jan. 31, 2015

May 03, 2014

Accumulated Other Comprehensive Income (Loss) [Line Items]

Foreign currency translation adjustments

$ (74)

$ (75)

$ 76

Cash flow hedges

(4)

(3)

(1)

Unrecognized pension cost and postretirement benefit

(239)

(240)

(238)

Unrealized loss on available-for-sale security

(1)

Accumulated Other Comprehensive Income (Loss), Net of Tax, Total

$ (318)

$ (319)

^[1]

$ (164)

[1]

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

Accumulated Other Comprehensive Income (Loss) [Line Items]

Changes in Accumulated Other Comprehensive Loss (Detail)
$ in Millions

3 Months Ended

May 02, 2015

USD ($)

$ (319)

^[1]

(1)

Foreign currency translation adjustments

(318)

Accumulated Other Comprehensive Income (Loss) [Line Items]

(75)

Accumulated Other Comprehensive Income (Loss) [Line Items]

(74)

Cash flow hedges

(3)

(1)

(1)

Accumulated Other Comprehensive Income (Loss) [Line Items]

(4)

(240)

(1)

Unrealized loss on available-for- sale security

(239)

Accumulated Other Comprehensive Income (Loss) [Line Items]

(1)

$ (1)

[1]