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Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Feb. 01, 2020	Mar. 23, 2020	Aug. 02, 2019
Document And Entity Information [Abstract]
Document Type	10-K
Document Period End Date	Feb. 01, 2020
Entity File Number	1-10299
Entity Registrant Name	FOOT LOCKER, INC.
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	13-3513936
Entity Address, Address Line One	330 West 34th Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10001
City Area Code	212
Local Phone Number	720-3700
Title of 12(b) Security	Common Stock, par value $0.01
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 3,051,665,857
Entity Common Stock, Shares Outstanding		104,191,210
Entity Central Index Key	0000850209
Current Fiscal Year End Date	--02-01
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Amendment Flag	false
Trading Symbol	FL
Entity Interactive Data Current	Yes
Document Annual Report	true
Document Transition Report	false

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]
Sales	$ 8,005	$ 7,939	$ 7,782
Cost of sales	5,462	5,411	5,326
Selling, general and administrative expenses	1,650	1,614	1,501
Depreciation and amortization	179	178	173
Impairment and other charges	65	37	211
Income from operations	649	699	571
Interest income, net	11	9	2
Other income, net	12	5	5
Income before income taxes	672	713	578
Income tax expense	181	172	294
Net income	$ 491	$ 541	$ 284
Basic earnings per share	$ 4.52	$ 4.68	$ 2.23
Weighted-average shares outstanding	108.7	115.6	127.2
Diluted earnings per share	$ 4.50	$ 4.66	$ 2.22
Weighted-average shares outstanding, assuming dilution	109.1	116.1	127.9

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Net income	$ 491	$ 541	$ 284
Foreign currency translation adjustment:
Translation adjustment arising during the period, net of income tax (benefit) of $(1), $(9), and $18 million, respectively	(20)	(75)	114
Cash flow hedges:
Change in fair value of derivatives, net of income tax benefit of $1, $-, and $- million, respectively	(3)		(1)
Available for sale securities:
Unrealized gain on available-for-sale securities			1
Pension and postretirement adjustments:
Net actuarial gain (loss) on foreign currency fluctuations arising during the year, net of income tax (benefit) expense of $(3), $(8), and $2 million, respectively.	(9)	(24)	4
Amortization of net actuarial gain/loss and prior service cost included in net periodic benefit costs, net of income tax expense of $3, $3, and $4 million, respectively	8	8	7
Comprehensive income	$ 467	$ 450	368
Foreign Currency Translation Adjustments [Member]
Pension and postretirement adjustments:
Reclassification due to the adoption of ASU 2018-02			4
Items Related to Pension and Postretirement Benefits [Member]
Pension and postretirement adjustments:
Reclassification due to the adoption of ASU 2018-02			$ (45)

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income tax benefit on translation adjustment	$ (1)	$ (9)	$ 18
Change in fair value of derivatives, income tax benefit	(1)
Net actuarial gain (loss) and foreign currency fluctuations arising during the year, income tax expense (benefit)	(3)	(8)	2
Amortization of net actuarial gain/loss and prior service cost included in net periodic benefit costs, income tax expense	$ 3	$ 3	$ 4

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Feb. 01, 2020	Feb. 02, 2019
Current assets:
Cash and cash equivalents	$ 907	$ 891
Merchandise inventories	1,208	1,269
Other current assets	271	358
Assets, current, total	2,386	2,518
Property and equipment, net	824	836
Operating lease right-of-use assets	2,899
Deferred taxes	81	87
Goodwill	156	157
Other intangible assets, net	20	24
Other assets	223	198
Total assets	6,589	3,820
Current liabilities:
Accounts payable	333	387
Accrued and other liabilities	343	377
Current portion of lease obligations	518
Liabilities, current, total	1,194	764
Long-term debt	122	124
Long-term lease obligations	2,678
Other liabilities	122	426
Total liabilities	4,116	1,314
Shareholders' equity	2,473	2,506
Liabilities and equity, total	$ 6,589	$ 3,820

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Millions	Additional Paid-In Capital & Common Stock	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Loss	Total
Beginning Balance at Jan. 28, 2017	$ 900	$ (81)	$ 2,254	$ (363)	$ 2,710
Beginning Balance (in shares) at Jan. 28, 2017	132,616
Beginning Balance (in treasury shares) at Jan. 28, 2017		(1,120)
Restricted stock issued (in shares)	169
Issued under director and stock plans	$ 11				11
Issued under director and stock plans (in shares)	608
Share-based compensation expense	$ 15				15
Shares of common stock used to satisfy tax withholding obligations		$ (10)			(10)
Shares of common stock used to satisfy tax withholding obligations (in shares)		(140)
Share repurchases		$ (467)			(467)
Share repurchases (in shares)		(12,414)
Reissued - employee stock purchase plan		$ 8			8
Reissued - employee stock purchase plan (in shares)		110
Retirement of treasury stock	$ (84)	$ 487	(403)
Retirement of treasury stock (in shares)	(12,131)	12,131
Net income			284		284
Cash dividends declared on common stock ($1.24, $1.38 and $0.38 per share in 2017, 2018 and 2019 respectively)			(157)		(157)
Translation adjustment, net of tax				114	114
Change in cash flow hedges, net of tax				(1)	(1)
Pension and postretirement adjustments, net of tax				11	11
Unrealized gain on available-for-sale securities				1	1
Cumulative effect of the adoption new ASUs \| Accounting Standards Update 2018-02 [Member]			41	(41)
Ending Balance at Feb. 03, 2018	$ 842	$ (63)	2,019	(279)	2,519
Ending Balance (in shares) at Feb. 03, 2018	121,262
Ending Balance (in treasury shares) at Feb. 03, 2018		(1,433)
Restricted stock issued (in shares)	93
Issued under director and stock plans	$ 6				6
Issued under director and stock plans (in shares)	175
Share-based compensation expense	$ 22				22
Shares of common stock used to satisfy tax withholding obligations		$ (1)			(1)
Shares of common stock used to satisfy tax withholding obligations (in shares)		(36)
Share repurchases		$ (375)			(375)
Share repurchases (in shares)		(7,887)
Reissued - employee stock purchase plan		$ 2			2
Reissued - employee stock purchase plan (in shares)		48
Retirement of treasury stock	$ (61)	$ 400	(339)
Retirement of treasury stock (in shares)	(8,597)	8,597
Net income			541		541
Cash dividends declared on common stock ($1.24, $1.38 and $0.38 per share in 2017, 2018 and 2019 respectively)			(158)		(158)
Translation adjustment, net of tax				(75)	(75)
Pension and postretirement adjustments, net of tax				(16)	(16)
Cumulative effect of the adoption new ASUs \| Accounting Standards Update 2014-09 [Member]			4		4
Cumulative effect of the adoption new ASUs \| Accounting Standards Update 2016-16 [Member]			37		37
Ending Balance at Feb. 02, 2019	$ 809	$ (37)	2,104	(370)	2,506
Ending Balance (in shares) at Feb. 02, 2019	112,933
Ending Balance (in treasury shares) at Feb. 02, 2019		(711)
Restricted stock issued (in shares)	89
Issued under director and stock plans	$ 3				3
Issued under director and stock plans (in shares)	187
Share-based compensation expense	$ 18				18
Shares of common stock used to satisfy tax withholding obligations		$ (2)			(2)
Shares of common stock used to satisfy tax withholding obligations (in shares)		(32)
Share repurchases		$ (335)			(335)
Share repurchases (in shares)		(8,375)
Reissued - employee stock purchase plan		$ 6			6
Reissued - employee stock purchase plan (in shares)		97
Retirement of treasury stock	$ (66)	$ 368	(302)
Retirement of treasury stock (in shares)	(9,021)	9,021
Net income			491		491
Cash dividends declared on common stock ($1.24, $1.38 and $0.38 per share in 2017, 2018 and 2019 respectively)			(164)		(164)
Translation adjustment, net of tax				(20)	(20)
Change in cash flow hedges, net of tax				(3)	(3)
Pension and postretirement adjustments, net of tax				(1)	(1)
Cumulative effect of the adoption new ASUs			(26)		(26)
Ending Balance at Feb. 01, 2020	$ 764		$ 2,103	$ (394)	$ 2,473
Ending Balance (in shares) at Feb. 01, 2020	104,188

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Statement of Stockholders' Equity [Abstract]
Cash dividends declared on common stock, per share	$ 1.52	$ 1.38	$ 1.24

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
From operating activities:
Net income	$ 491	$ 541	$ 284
Adjustments to reconcile net income to net cash provided by operating activities:
Non-cash impairment charges	48	19	20
Non-cash gain	(4)
Depreciation and amortization	179	178	173
Deferred income taxes	5	9	105
Share-based compensation expense	18	22	15
Qualified pension plan contributions	(55)	(128)	(25)
Change in assets and liabilities:
Merchandise inventories	51	(16)	69
Accounts payable	(51)	135
Accrued and other liabilities	(40)	39	(30)
Pension litigation accrual		13	178
Class counsel fees paid in connection with pension litigation		(97)
Other, net	54	66	24
Net cash provided by operating activities	696	781	813
From investing activities:
Capital expenditures	(187)	(187)	(274)
Minority investments	(50)	(89)	(15)
Proceeds from sale of property	2
Insurance proceeds related to loss on property and equipment		2
Net cash used in investing activities	(235)	(274)	(289)
From financing activities:
Purchase of treasury shares	(335)	(375)	(467)
Dividends paid on common stock	(164)	(158)	(157)
Proceeds from exercise of stock options	5	5	13
Treasury stock reissued under employee stock plan	3	2	5
Shares of common stock repurchased to satisfy tax withholding obligations	(2)	(1)	(10)
Net cash used in financing activities	(493)	(527)	(616)
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash	(7)	(30)	50
Net change in cash, cash equivalents, and restricted cash	(39)	(50)	(42)
Cash, cash equivalents, and restricted cash at beginning of year	981	1,031	1,073
Cash, cash equivalents, and restricted cash at end of period	942	981	1,031
Cash paid during the year:
Interest	11	11	11
Income taxes	$ 201	$ 184	$ 237

Summary of Significant Accounting Policies

12 Months Ended

Feb. 01, 2020

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

1. Summary of Significant Accounting Policies

Basis of Presentation

The consolidated financial statements include the accounts of Foot Locker, Inc. and its domestic and international subsidiaries, all of which are wholly owned. All significant intercompany amounts have been eliminated. As used in these Notes to Consolidated Financial Statements the terms “Foot Locker,” “Company,” “we,” “our,” and “us” refer to Foot Locker, Inc. and its consolidated subsidiaries. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.

Reporting Year

The fiscal year end for the Company is a 52-week or 53-week period ending the Saturday closest to the last day in January. Fiscal year 2019 and fiscal year 2018 represented the 52 weeks ended February 1, 2020 and February 2, 2019, respectively. Fiscal year 2017 represented the 53 weeks ended February 3, 2018. References to years in this annual report relate to fiscal years rather than calendar years.

Revenue Recognition

Store revenue is recognized at the point of sale and includes merchandise, net of returns, and excludes taxes. Revenue from layaway sales is recognized when the customer receives the product, rather than when the initial deposit is paid. In the first quarter of 2018, we adopted Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606). In conjunction with the adoption of Topic 606, we recognize revenue for merchandise that is shipped to our customers from our distribution centers and stores upon shipment as the customer has control of the product upon shipment. Prior to the adoption of Topic 606, we recognized such revenue upon date of delivery. As a result of this change, we recorded $1 million, net of tax, as an increase to opening retained earnings to reflect the cumulative effect of adopting this change. Beginning in 2018, we account for shipping and handling as a fulfillment activity. We accrue the cost and recognize revenue for these activities upon shipment date, therefore total sales recognized includes shipping and handling fees.

Gift Cards

We sell gift cards which do not have expiration dates. Revenue from gift card sales is recorded when the gift cards are redeemed by customers. Effective with the adoption of Topic 606 in 2018, gift card breakage is recognized as revenue in proportion to the pattern of rights exercised by the customer, unless there is a legal obligation to remit the value of unredeemed gift cards to the relevant jurisdictions. This reflected a change in our accounting for gift card breakage from the remote method to the proportional method. As a result of adopting Topic 606, we recorded $4 million, or $3 million net of tax, as an increase to opening retained earnings to reflect the cumulative effect of this change based upon historical redemption patterns. Additionally, breakage income, which is recognized as Sales, was previously recorded within selling, general and administrative expenses (“SG&A”) prior to the adoption of Topic 606. The table below presents the activity of our gift card liability balance:



	2019		2018
	($ in millions)
Gift card liability at beginning of year	$	35	$	38
Redemptions		(105)		(96)
Cumulative catch-up adjustment to retained earnings from the adoption of Topic 606		—		(4)
Breakage recognized in sales		(7)		(6)
Activations		112		104
Foreign currency fluctuations		—		(1)
Gift card liability at end of year	$	35	$	35

We elected not to disclose the information about remaining performance obligations since the amount of gift cards redeemed after 12 months is not significant for both 2019 and 2018.

Advertising Costs and Sales Promotion

Advertising and sales promotion costs are expensed at the time the advertising or promotion takes place, net of reimbursements for cooperative advertising. Cooperative advertising reimbursements earned for the launch and promotion of certain products agreed upon with vendors are recorded in the same period as the associated expenses are incurred.

Digital advertising costs are expensed as incurred, net of reimbursements for cooperative advertising. Digital advertising includes search engine marketing, such as display ads and keyword search terms, and other various forms of digital advertising. Reimbursements received in excess of expenses incurred related to specific, incremental, and identifiable advertising costs are accounted for as a reduction to the cost of merchandise and are reflected in cost of sales when the merchandise is sold.

Advertising costs, including digital advertising, which are included as a component of SG&A, were as follows:


	2019		2018		2017
	($ in millions)
Advertising expenses ⁽¹⁾	$	91	$	111	$	108
Digital advertising expenses		95		96		96
Cooperative advertising reimbursements		(20)		(25)		(20)
Net advertising expense	$	166	$	182	$	184

(1)	Effective with the adoption of the new lease standard in 2019, advertising costs that are required by some of our mall-based leases are recorded as an element of rent expense. These costs were $14 million for both 2018 and 2017.

Catalog Costs

Catalog costs, which are primarily comprised of paper, printing, and postage, are expensed at the time the catalogs are distributed. Prior to the adoption of Topic 606, catalog costs were capitalized and amortized over the expected customer response period related to each catalog, which was generally 90 days. Cooperative reimbursements earned for the promotion of certain products are agreed upon with vendors and are recorded in the same period as the associated catalog expenses are recorded.

Catalog costs, which are included as a component of SG&A, were as follows:


	2019		2018		2017
	($ in millions)
Catalog costs	$	15	$	18	$	19
Cooperative reimbursements		—		—		(2)
Net catalog expense	$	15	$	18	$	17

Share-Based Compensation

We recognize compensation expense for share-based awards based on the grant date fair value of those awards. Share-based compensation expense is recognized on a straight-line basis over the requisite service period for each vesting tranche of the award. We use the Black-Scholes option-pricing model to determine the fair value of stock options, which requires the input of subjective assumptions regarding the expected term, expected volatility, and risk-free interest rate. See Note 21, Share-Based Compensation, for information on the assumptions used to calculate the fair value of stock options. Awards of restricted stock units, cliff vest after the passage of time, generally three years. Performance-based restricted stock unit awards are earned on achievement of pre-established goals and with regards to certain awards, vest after an additional one-year period. Upon exercise of stock options, issuance of restricted stock or units, or issuance of shares under the employee stock purchase plan, we will issue authorized but unissued common stock or use common stock held in treasury.

Earnings Per Share

We account for earnings per share (“EPS”) using the treasury stock method. Basic EPS is computed by dividing net income for the period by the weighted-average number of common shares outstanding at the end of the period. Diluted EPS reflects the weighted-average number of common shares outstanding during the period used in the basic EPS computation plus dilutive common stock equivalents. The computation of basic and diluted EPS is as follows:


	2019		2018		2017
	(in millions, except per share data)
Net Income	$	491	$	541	$	284

Weighted-average common shares outstanding		108.7		115.6		127.2
Dilutive effect of potential common shares		0.4		0.5		0.7
Weighted-average common shares outstanding assuming dilution		109.1		116.1		127.9

Earnings per share - basic	$	4.52	$	4.68	$	2.23
Earnings per share - diluted	$	4.50	$	4.66	$	2.22

Anti-dilutive share-based awards excluded from diluted calculation		2.2		1.9		1.6

Contingently issuable shares of 0.5 million for 2019, 0.9 million for 2018, and 0.2 million for 2017, have not been included as the vesting conditions have not been satisfied. These shares relate to restricted stock unit awards issued in connection with the Company’s long-term incentive program.

Cash, Cash Equivalents, and Restricted Cash

Cash consists of funds held on hand and in bank accounts. Cash equivalents include amounts on demand with banks and all highly liquid investments with original maturities of three months or less, including money market funds. Additionally, amounts due from third-party credit card processors for the settlement of debit and credit card transactions are included as cash equivalents as they are generally collected within three business days. We present book overdrafts, representing checks issued but still outstanding in excess of bank balances, as part of accounts payable.

Restricted cash represents cash that is restricted as to withdrawal or use under the terms of various agreements. Restricted cash includes amounts held in escrow in connection with various leasing arrangements in Europe, and deposits held in insurance trusts to satisfy the requirement to collateralize part of the self-insured workers’ compensation and liability claims.

The following table provides the reconciliation of cash, cash equivalents, and restricted cash, as reported on our consolidated statements of cash flows.


	2019		2018		2017
	($ in millions)
Cash and cash equivalents ⁽¹⁾	$	907	$	891	$	849
Restricted cash included in other current assets ⁽²⁾		6		59		1
Restricted cash included in other non-current assets ⁽²⁾		29		31		181
Cash, cash equivalents, and restricted cash	$	942	$	981	$	1,031

(1)	Includes cash equivalents of $878 million, $834 million, and $780 million for the year ended February 1, 2020, February 2, 2019, and February 3, 2018, respectively.

(2)

In connection with the pension matter, as further discussed in Note 3, Impairment and Other Charges, we deposited $150 million to a qualified settlement fund during 2017, classified as long-term at that time. The qualified settlement fund was used in 2018 to pay $97 million in class counsel fees. The balance of the fund and related interest was $55 million and was included in the current portion of restricted cash as of February 2, 2019. The remaining fund was contributed to the pension plan in 2019.

Merchandise Inventories and Cost of Sales

Merchandise inventories for our stores are valued at the lower of cost or market using the retail inventory method. Cost for retail stores is determined on the last-in, first-out (“LIFO”) basis for domestic inventories and on the first-in, first-out (“FIFO”) basis for international inventories. Merchandise inventories of the e-commerce business are valued at net realizable value using weighted-average cost, which approximates FIFO.

The retail inventory method is used by retail companies to value inventories at cost and calculate gross margins due to its practicality. Under the retail inventory method, cost is determined by applying a cost-to-retail percentage across groupings of similar items, known as departments. The cost-to-retail percentage is applied to ending inventory at its current owned retail valuation to determine the cost of ending inventory on a department basis. We provide reserves based on current selling prices when the inventory has not been marked down to market.

Transportation, distribution center, and sourcing costs are capitalized in merchandise inventories. We expense the freight associated with transfers between our store locations in the period incurred. We maintain an accrual for shrinkage based on historical rates.

Cost of sales is comprised of the cost of merchandise, as well as occupancy, buyers’ compensation, and shipping and handling costs. The cost of merchandise is recorded net of amounts received from suppliers for damaged product returns, markdown allowances, and volume rebates, as well as cooperative advertising reimbursements received in excess of specific, incremental advertising expenses.

Investments

In 2018, we adopted ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. Our equity investments that are not accounted for under the equity method are measured at cost adjusted for changes in observable prices minus impairment, under the practicability exception. As of February 1, 2020 and February 2, 2019, we had $137 million and $94 million, respectively, of investments which are accounted for under this method. Additionally, our auction rate security, classified as available-for-sale, is recorded at fair value with gains and losses reported in Other income, net in our Consolidated Statements of Operations, whereas previously changes in the fair value were reported as a component of accumulated other comprehensive loss (“AOCL”) in the Consolidated Statements of Shareholders’ Equity and were not reflected in the Consolidated Statements of Operations until a sale transaction occurred or when declines in fair value were deemed to be other-than-temporary. The adjustment recorded in 2018 to retained earnings as a result of adopting ASU 2016-01 was not significant.

Minority interests, including our equity method investment, had a carrying value of $142 million and $104 million as of February 1, 2020 and February 2, 2019, respectively, and are included within Other assets. As of February 1, 2020, we held one available-for-sale security, which was our $7 million auction rate security.

See Note 19, Fair Value Measurements, for further discussion.

Property and Equipment

Property and equipment are recorded at cost, less accumulated depreciation and amortization. Significant additions and improvements to property and equipment are capitalized. Major renewals or replacements that substantially extend the useful life of an asset are capitalized. Maintenance and repairs are expensed as incurred.

Depreciation and amortization are computed on a straight-line basis over the following estimated useful lives:



Buildings		Maximum of 50 years
Store leasehold improvements		Shorter of the asset useful life or expected term of the lease
Furniture, fixtures, and equipment		3‑10 years
Software		2‑7 years

Internal-Use Software Development Costs

We capitalize certain external and internal computer software and software development costs incurred during the application development stage. The application development stage generally includes software design and configuration, coding, testing, and installation activities. Capitalized costs include only external direct cost of materials and services consumed in developing or obtaining internal-use software, and payroll and payroll-related costs for employees who are directly associated with and devote time to the internal-use software project. Capitalization of such costs ceases no later than the point at which the project is substantially complete and ready for its intended use. Training and maintenance costs are expensed as incurred, while upgrades and enhancements are capitalized if it is probable that such expenditures will result in additional functionality. Capitalized software, net of accumulated amortization, is included as a component of Property and equipment, net and was $80 million at both February 1, 2020 and February 2, 2019.

Impairment of Long-Lived Tangible Assets and Right-of-Use Assets

We perform an impairment review when circumstances indicate that the carrying value of long-lived tangible assets and right-of-use assets may not be recoverable (“a triggering event”). Our policy in determining whether a triggering event exists comprises the evaluation of measurable operating performance criteria and qualitative measures at the lowest level for which identifiable cash flows are largely independent of cash flows for other assets and liabilities, which is at the store level. We also evaluate triggering events at the banner level. In evaluating potential store level impairment, we compare future undiscounted cash flows expected to result from the use of the asset group to the carrying amount of the asset group. The future cash flows are estimated predominately based on our historical performance and long-range strategic plans. If the carrying amount of the asset group exceeds the estimated undiscounted future cash flows, we measure the amount of the impairment by comparing the carrying amount of the asset group with its estimated fair value. The estimation of fair value is measured by discounting expected future cash flows using a risk adjusted discount rate and using current market-based information for right-of-use assets. We estimate fair value based on the best information available using estimates, judgments, and projections as considered necessary.

Leases

Lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term for those arrangements where there is an identified asset and the contract conveys the right to control its use. The lease term includes options to extend or terminate a lease only when we are reasonably certain that we will exercise that option. The right-of-use asset is measured at the initial amount of the lease liability adjusted for lease payments made at or before the lease commencement date, initial direct costs, and any tenant improvement allowances received. For operating leases, right-of-use assets are reduced over the lease term by the straight-line lease expense recognized less the amount of accretion of the lease liability determined using the effective interest method.

We combine lease components and non-lease components. Given our policy election to combine lease and non-lease components, we also consider fixed common area maintenance (“CAM”) part of our fixed future lease payments; therefore, fixed CAM is also included in our lease liability. We recognize rent expense for operating leases as of the possession date for store leases or the commencement of the agreement for a non-store lease. Rental expense, inclusive of rent holidays, concessions, and tenant allowances are recognized over the lease term on a straight-line basis. Contingent payments based upon sales and future increases determined by inflation related indices cannot be estimated at the inception of the lease and, accordingly, are charged to operations as incurred.

As most of our leases do not provide an implicit interest rate, we use our incremental borrowing rates based on the remaining lease term to determine the present value of future lease payments. Our incremental borrowing rate for a lease is the rate of interest we would have to pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms.

Leases with an initial term of 12 months or less are not recorded on the balance sheet. We recognize lease expense for short-term leases on a straight-line basis over the lease term.

Impairment of Goodwill and Other Intangible Assets

Goodwill and intangible assets with indefinite lives are reviewed for impairment annually during the first quarter of each fiscal year or more frequently if impairment indicators arise. The review of goodwill impairment consists of either using a qualitative approach to determine whether it is more likely than not that the fair value of the assets is less than their respective carrying values or a two-step impairment test, if necessary. If, based on the results of the qualitative assessment, it is concluded that it is not more likely than not that the fair value of the intangible asset is greater than its carrying value, the two-step test is performed to identify potential impairment. If it is determined that it is not more likely than not that the fair value of the reporting unit is less than its carrying value, it is unnecessary to perform the two-step impairment test. Based on certain circumstances, we may elect to bypass the qualitative assessment and proceed directly to performing the first step of the two-step impairment test. The first step of the two-step goodwill impairment test compares the fair value of the reporting unit to its carrying amount, including goodwill. The second step includes hypothetically valuing all the tangible and intangible assets of the reporting unit as if the reporting unit had been acquired in a business combination. Then, the implied fair value of the reporting unit’s goodwill is compared to the carrying amount of that goodwill. If the carrying value of the asset exceeds its fair value, an impairment loss is recognized in the amount of the excess. The fair value of each reporting unit is determined using a discounted cash flow approach.

Intangible assets with indefinite lives are tested for impairment if impairment indicators arise and, at a minimum, annually. The impairment review for intangible assets with indefinite lives consists of either performing a qualitative or a quantitative assessment. If the results of the qualitative assessment indicate that it is more likely than not that the fair value of the indefinite-lived intangible is less than its carrying amount, or if we elect to proceed directly to a quantitative assessment, we calculate the fair value using a discounted cash flow method, based on the relief from royalty method, and compare the fair value to the carrying value to determine if the asset is impaired. Intangible assets that are determined to have finite lives are amortized over their useful lives and are measured for impairment only when events or changes in circumstances indicate that the carrying value may be impaired.

Derivative Financial Instruments

All derivative financial instruments are recorded in our Consolidated Balance Sheets at their fair values. For derivatives designated as a hedge, and effective as part of a hedge transaction, the effective portion of the gain or loss on the hedging derivative instrument is reported as a component of other comprehensive income/loss or as a basis adjustment to the underlying hedged item and reclassified to earnings in the period in which the hedged item affects earnings. The effective portion of the gain or loss on hedges of foreign net investments is generally not reclassified to earnings unless the net investment is disposed of. To the extent derivatives do not qualify or are not designated as hedges, or are ineffective, their changes in fair value are recorded in earnings immediately, which may subject us to increased earnings volatility.

Income Taxes

We account for our income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statements and the tax basis of assets and liabilities, using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets are recognized for tax credits and net operating loss carryforwards, reduced by a valuation allowance, which is established when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.

We recognize net deferred tax assets to the extent that we believe these assets are more likely than not to be realized. In making such a determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If we determine that we would be able to realize our deferred tax assets in the future in excess of their net recorded amount, we would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes.

A taxing authority may challenge positions that we adopted in our income tax filings. Accordingly, we may apply different tax treatments for transactions in filing our income tax returns than for income tax financial reporting. We regularly assess our tax positions for such transactions and record reserves for those differences when considered necessary. Tax positions are recognized only when it is more likely than not, based on technical merits, that the positions will be sustained upon examination. Tax positions that meet the more-likely-than-not threshold are measured using a probability weighted approach as the largest amount of tax benefit that is greater than fifty percent likely of being realized upon settlement. Whether the more-likely-than-not recognition threshold is met for a tax position is a matter of judgment based on the individual facts and circumstances of that position evaluated in light of all available evidence. We recognize interest and penalties related to unrecognized tax benefits within income tax expense in the accompanying Consolidated Statement of Operations. Accrued interest and penalties are included within the related tax liability line in the Consolidated Balance Sheet.

Pension and Postretirement Obligations

Pension benefit obligations and net periodic pension costs are calculated using many actuarial assumptions. Two key assumptions used in accounting for pension liabilities and expenses are the discount rate and expected rate of return on plan assets. The discount rate for the U.S. plans is determined by reference to the Bond:Link interest rate model based upon a portfolio of highly-rated U.S. corporate bonds with individual bonds that are theoretically purchased to settle the plan’s anticipated cash outflows. The cash flows are discounted to their present value and an overall discount rate is determined. The discount rate selected to measure the present value of the Canadian benefit obligations was developed by using that plan’s bond portfolio indices, which match the benefit obligations. We measure our plan assets and benefit obligations using the month-end date that is closest to our fiscal year end. The expected return on plan assets assumption is derived using the current and expected asset allocation of the pension plan assets and considering historical as well as expected performance of those assets.

Insurance Liabilities

We are primarily self-insured for health care, workers’ compensation, and general liability costs. Accordingly, provisions are made for actuarially determined estimates of discounted future claim costs for such risks, for the aggregate of claims reported, and claims incurred but not yet reported. Self-insured liabilities totaled $12 million for both February 1, 2020 and February 2, 2019. Workers’ compensation and general liability reserves are discounted using a risk-free interest rate. Imputed interest expense related to these liabilities was not significant for any of the periods presented.

Treasury Stock Retirement

We periodically retire treasury shares that we acquire through share repurchases and return those shares to the status of authorized but unissued. We account for treasury stock transactions under the cost method. For each reacquisition of common stock, the number of shares and the acquisition price for those shares is added to the existing treasury stock count and total value. When treasury shares are retired, our policy is to allocate the excess of the repurchase price over the par value of shares acquired to both retained earnings and additional paid-in capital. The portion allocated to additional paid-in capital is determined by applying a percentage, which is determined by dividing the number of shares to be retired by the number of shares issued, to the balance of additional paid-in capital as of the retirement date.

We retired 9 million shares in both 2019 and 2018 of our common stock held in treasury. The shares were returned to the status of authorized but unissued. As a result, treasury stock decreased by $368 million and $400 million as of February 1, 2020 and February 2, 2019, respectively.

Foreign Currency Translation

The functional currency of our international operations is the applicable local currency. The translation of the applicable foreign currency into U.S. dollars is performed for balance sheet accounts using current exchange rates in effect at the balance sheet date and for revenue and expense accounts using the weighted-average rates of exchange prevailing during the year. The unearned gains and losses resulting from such translation are included as a separate component of AOCL within shareholders’ equity.

Recently Adopted Accounting Pronouncements

We adopted Financial Accounting Standards Board guidance on accounting for leases on February 3, 2019 (the “effective date”) using the optional transition method, which applies the lease guidance at the beginning of the period in which it is adopted. Prior period amounts have not been adjusted in connection with the adoption of this standard. We elected the package of practical expedients under the new standard, which permits companies to not reassess lease classification, lease identification, or initial direct costs for existing or expired leases prior to the effective date. We have lease agreements with non-lease components that relate to the lease components. We also elected the practical expedient to account for non-lease components and the lease components to which they relate, as a single lease component for all classes of underlying assets. Also, we elected to keep short-term leases with an initial term of twelve months or less off the balance sheet.

Upon adoption of this new standard, as of February 3, 2019, we recorded right-of-use assets and lease obligations on the Consolidated Balance Sheet for our operating leases of $3,148 million and $3,422 million, respectively. As part of adopting the standard, previously recognized liabilities for deferred rent and lease incentives were reclassified as a component of the right-of-use assets. Additionally, upon adoption, we evaluated right-of-use assets for impairment and determined that approximately $29 million of impairment was required related to newly recognized right-of-use assets that would have been impaired in previous periods. This standard did not significantly affect our Consolidated Statements of Operations, Comprehensive Income, or Cash Flows.

Recent Accounting Pronouncements Not Yet Adopted

All recently issued accounting pronouncements are not expected to have a material effect on the consolidated financial statements.

Segment Information

12 Months Ended

Feb. 01, 2020

Segment Information [Abstract]

Segment Information

2. Segment Information

We have integrated all available shopping channels including stores, websites, apps, social channels, and catalogs. Store sales are primarily fulfilled from the store’s inventory but may also be shipped from our distribution centers or from a different store location if an item is not available at the original store. Direct-to-customer orders are primarily shipped to our customers through our distribution centers but may also be shipped from a store or a combination of our distribution centers and stores depending on the availability of particular items.

Our operating segments are identified according to how our business activities are managed and evaluated by our chief operating decision maker, our CEO. During 2018, we expanded into Asia and launched our digital channels across Singapore, Hong Kong, and Malaysia. During the first quarter of 2019, we changed our organizational and internal reporting structure to support an accelerated growth strategy for the region. We opened an Asian headquarters in Singapore and realigned our organization into three distinct geographic regions: North America Europe, Middle East and Africa (“EMEA”), and Asia Pacific.

Accordingly, in the first quarter of 2019 we re-evaluated our operating segments. We determined that we have three operating segments, North America, EMEA, and Asia Pacific. Our North America operating segment includes the results of the following banners operating in the U.S. and Canada: Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, and Footaction, including each of their related e-commerce businesses, as well as our Eastbay business that includes internet, catalog, and team sales. Our EMEA operating segment includes the results of the following banners operating in Europe: Foot Locker, Runners Point, Sidestep, and Kids Foot Locker, including each of their related e-commerce businesses. Our Asia Pacific operating segment includes the results of Foot Locker and Kids Foot Locker operating in Australia, New Zealand, and Asia as well as the related e-commerce businesses operating in Australia and Asia. We further aggregated these operating segments into one reportable segment based upon their shared customer base and similar economic characteristics.

We evaluate performance based on several factors, of which the primary financial measure is the banner’s financial results referred to as division profit. Division profit reflects income before income taxes, other charges, corporate expense, non-operating income, and net interest income.

The following table summarizes our results:


	2019		2018		2017
	($ in millions)
Division profit ⁽¹⁾	$	738	$	789	$	810
Less: Other charges ⁽²⁾		15		18		191
Less: Corporate expense ⁽³⁾		74		72		48
Income from operations		649		699		571
Interest income, net		11		9		2
Other income, net		12		5		5
Income before income taxes	$	672	$	713	$	578

(1)	Included in the results for 2019, 2018, and 2017, are impairment charges of $50 million, $19 million, and $20 million, respectively. See Note 3, Impairment and Other Charges for additional information.

(2)

Included in the 2019, 2018 and 2017 amounts are pre-tax charges of $4 million, $18 million and $178 million, respectively, relating to a pension litigation matter. Also included in 2019 are charges totaling $11 million related to impairments of our minority investments. See Note 3, Impairment and Other Charges for additional information. During 2017, we recorded a charge of $13 million pre-tax representing reorganization costs related to the reduction and reorganization of division and corporate staff.

(3)

Corporate expense for all years presented reflects the reallocation of expense between corporate and the operating divisions. Based upon annual internal studies of corporate expense, the allocation of such expenses to the operating divisions was increased by $32 million for 2019, $40 million for 2018, and $4 million for 2017, thereby reducing corporate expense.

Sales disaggregated based upon channel for the fiscal years ended February 1, 2020, February 2, 2019, and February 3, 2018 are presented in the following table.


	2019		2018		2017
	($ in millions)
Sales
Stores	$	6,720	$	6,714	$	6,673
Direct-to-customers		1,285		1,225		1,109
Total sales	$	8,005	$	7,939	$	7,782

Sales and long-lived asset information by geographic area as of and for the fiscal years ended February 1, 2020, February 2, 2019, and February 3, 2018 are presented in the following tables. Sales are attributed to the country in which the sales transaction is fulfilled. Long-lived assets reflect property and equipment and operating lease right-of-use assets.


	2019		2018		2017
		($ in millions)
Sales by Geography
United States	$	5,691	$	5,647	$	5,532
International		2,314		2,292		2,250
Total sales	$	8,005	$	7,939	$	7,782

Long-Lived Assets
United States	$	2,479	$	602	$	607
International		1,244		234		259
Total long-lived assets	$	3,723	$	836	$	866

For the year ended February 1, 2020, the countries that comprised the majority of the sales and long-lived assets for the international category were Canada, Italy, France, Germany, and England. No other individual country included in the international category was significant.


	Depreciation and
	Amortization						Capital Expenditures ⁽¹⁾						Total Assets
	2019		2018		2017		2019		2018		2017		2019		2018		2017
	($ in millions)
Division	$	160	$	160	$	157	$	105	$	112	$	205	$	5,523	$	2,900	$	3,132
Corporate		19		18		16		82		75		69		1,066		920		829
Total Company	$	179	$	178	$	173	$	187	$	187	$	274	$	6,589	$	3,820	$	3,961

(1) Represents cash capital expenditures for all years presented.

Impairment and Other Charges

12 Months Ended

Feb. 01, 2020

Impairment and Other Charges [Abstract]

Impairment and Other Charges

3. Impairment and Other Charges


	2019		2018		2017
	($ in millions)
Impairment of long-lived assets	$	37	$	4	$	20
Lease termination costs		13		—		—
Impairment of investments		11		—		—
Pension litigation related charges		4		18		178
Other intangible asset impairments		—		15		—
Reorganization costs		—		—		13
Total impairment and other charges	$	65	$	37	$	211

The Company and the Company’s U.S. pension plan were involved in litigation related to the conversion of the plan to a cash balance plan. The court entered its final judgment in 2018, which required the plan be reformed as directed by the court order. We recorded charges in 2019, 2018, and 2017 related to the pension matter and related plan reformation totaling $4 million, $18 million, and $178 million, respectively. These charges recorded represented the cost of the reformation and related administrative expenses.

During 2019, due to the underperformance of our Footaction stores we determined that a triggering event had occurred and, therefore, an impairment review was conducted. Additionally, we evaluated certain other underperforming stores and a vacant store that had been previously subleased. We evaluated the long-lived assets, including the right-of-use assets, of these stores and recorded non-cash charges of $37 million to write down right-of-use assets, store fixtures and leasehold improvements. During the year, we also recorded $13 million of lease termination costs related to the closure of our SIX:02 locations.

We recorded non-cash charges of $11 million related to the write-down of two minority investments in 2019. Super Heroic, a children’s athletics start up, filed for bankruptcy and, accordingly, we have fully written off the investment. Rockets of Awesome, a children’s clothing brand, has had deterioration in their future outlook and has initiated efforts to preserve cash by reducing expenses. Due to the underperformance of this investee, we have partially written down our investment to fair value, determined by utilizing revenue multiples of similar companies.

During 2018 and 2017, due to the underperformance of our SIX:02 stores, Runners Point, and Sidestep stores, we recorded non-cash impairment charges of $4 million and $20 million, respectively, to write down store fixtures and leasehold improvements. In 2018, we also performed an impairment review of other intangible assets for Runners Point and Sidestep and recorded a charge of $15 million to write down the value of the trademarks/trade names associated with Runners Point.

During 2017, we recorded a charge of $13 million as a result of reorganizing our organizational structure by adjusting certain responsibilities between our various businesses and certain corporate staff reductions taken to improve corporate efficiency.

Other Income

12 Months Ended

Feb. 01, 2020

Other Income [Abstract]

Other Income

4. Other Income, net

Other income, net includes non-operating items, such as:

gains from insurance recoveries,

lease termination gains related to the sales of leasehold interests,

franchise royalty income,

changes in fair value, premiums paid, and realized gains associated with foreign currency option contracts,

changes in the market value of our available-for-sale security in conjunction with the adoption of ASU 2016-01 effective with the beginning of 2018,

our share of earnings or losses related to our equity method investment, and

net benefit expense related to our pension and postretirement programs excluding the service cost component as required by the adoption of ASU 2017-07 as of the beginning of 2018.

Other income, net was $12 million in 2019 and $5 million in both 2018 and 2017.

For 2019, Other income, net included $8 million of royalty income, a $4 million gain associated with the acquisition of a Canadian distribution center lease and related assets from the partial exchange of a note that had previously been written down to zero, a $2 million gain related to the sale of a building, a $1 million gain on our available-for-sale security, partially offset by $2 million of net benefit expense relating to our pension and post retirement programs, and a $1 million loss related to an equity method investment.

For 2018, Other income, net included $6 million of royalty income, $1 million of lease termination gains, a $1 million loss on our available-for-sale security, and $1 million of net benefit expense relating to our pension and post retirement programs. Included in 2017 was $4 million of royalty income and $1 million of lease termination gains.

Merchandise Inventories

12 Months Ended

Feb. 01, 2020

Merchandise Inventories [Abstract]

Merchandise Inventories

5. Merchandise Inventories


	February 1, 2020		February 2, 2019
	($ in millions)
LIFO inventories	$	810	$	838
FIFO inventories		398		431
Total merchandise inventories	$	1,208	$	1,269

The value of our LIFO inventories, as calculated on a LIFO basis, approximates their value as calculated on a FIFO basis.

Other Current Assets

12 Months Ended

Feb. 01, 2020

Other Current Assets [Abstract]

Other Current Assets

6. Other Current Assets


	February 1, 2020		February 2, 2019
	($ in millions)
Net receivables	$	100	$	87
Prepaid rent		55		93
Prepaid income taxes		48		46
Other prepaid expenses		46		35
Deferred tax costs		9		10
Restricted cash ⁽¹⁾		6		59
Income taxes receivable		1		20
Other		6		8
	$	271	$	358

(1)	Restricted cash as of February 2, 2019 included $55 million of the qualified settlement fund that was established during 2017 in connection with the pension matter.

Property and Equipment, Net

12 Months Ended

Feb. 01, 2020

Property and Equipment, Net [Abstract]

Property and Equipment, Net

7. Property and Equipment, net


	February 1, 2020		February 2, 2019
	($ in millions)
Land	$	4	$	4
Buildings:
Owned		54		46
Furniture, fixtures, equipment and software development costs:
Owned		1,203		1,177
		1,261		1,227
Less: accumulated depreciation		(818)		(785)
		443		442
Alterations to leased and owned buildings:
Cost		937		926
Less: accumulated amortization		(556)		(532)
		381		394
	$	824	$	836

Goodwill

12 Months Ended

Feb. 01, 2020

Goodwill and Other Intangible Assets, Net [Abstract]

Goodwill

8. Goodwill

As a result of the change in our organizational and internal reporting structures, we reassessed our reporting units and deemed the collective omni-channel banners in North America, EMEA, and Asia Pacific to be the three reporting units at which goodwill is tested. Therefore, goodwill was re-allocated to these reporting units based on their relative fair values. We conducted our 2019 annual impairment review both before and after this change and neither review resulted in the recognition of impairment, as the fair value of each reporting unit exceeded its carrying value. Goodwill is net of accumulated impairment charges of $167 million for all periods presented.

Other Intangible Assets, Net

12 Months Ended

Feb. 01, 2020

Goodwill and Other Intangible Assets, Net [Abstract]

Other Intangible Assets, Net

9. Other Intangible Assets, net


		February 1, 2020							February 2, 2019
	Gross		Accum.		Net		Life in	Gross		Accum.		Net
($ in millions)	value		amort.		value		Years ⁽²⁾	value		amort.		value
Amortized intangible assets: ⁽¹⁾
Lease acquisition costs	$	115	$	(108)	$	7	9.8	$	120	$	(111)	$	9
Trademarks / trade names		20		(16)		4	20.0		20		(15)		5
Favorable leases		—		—		—	—		7		(6)		1
	$	135	$	(124)	$	11	14.6	$	147	$	(132)	$	15

Indefinite life intangible assets: ⁽¹⁾
Trademarks / trade names					$	9						$	9
Other intangible assets, net					$	20						$	24

(1)	The change in the ending balances also reflect the effect of foreign currency fluctuations due primarily to the movements of the euro in relation to the U.S. dollar.

(2)	Represents the weighted-average useful life as of February 1, 2020 and excludes those assets that are fully amortized.

Amortizing intangible assets primarily represent lease acquisition costs, which are amounts that are required to secure prime lease locations and other lease rights, primarily in Europe. Amortization expense recorded is as follows:



($ in millions)	2019		2018		2017
Amortization expense	$	3	$	4	$	4

Estimated future amortization expense for finite lived intangibles for the next five years is as follows:


	($ in millions)
2020	$	3
2021		2
2022		2
2023		2
2024		1

Other Assets

12 Months Ended

Feb. 01, 2020

Other Assets [Abstract]

Other Assets

10. Other Assets


	February 1, 2020		February 2, 2019
	($ in millions)
Minority investments	$	142	$	104
Restricted cash		29		31
Pension asset		3		7
Auction rate security		7		6
Other		42		50
	$	223	$	198

Accrued and Other Liabilities

12 Months Ended

Feb. 01, 2020

Accrued and Other Liabilities [Abstract]

Accrued and Other Liabilities

11. Accrued and Other Liabilities


	February 1, 2020		February 2, 2019
	($ in millions)
Other payroll and payroll related costs, excluding taxes	$	64	$	70
Taxes other than income taxes		57		64
Customer deposits		43		41
Property and equipment ⁽¹⁾		40		26
Incentive bonuses		28		41
Advertising		21		37
Income taxes payable		4		5
Other		86		93
	$	343	$	377

(1)	Accruals for property and equipment are excluded from the Statements of Cash Flows for all years presented.

Revolving Credit Facility

12 Months Ended

Feb. 01, 2020

Revolving Credit Facility [Abstract]

Revolving Credit Facility

12. Revolving Credit Facility

On May 19, 2016, we entered into a credit agreement with our banks (“2016 Credit Agreement”). The 2016 Credit Agreement provides for a $400 million asset-based revolving credit facility maturing on May 19, 2021. During the term of the 2016 Credit Agreement, we may also increase the commitments by up to $200 million, subject to customary conditions. Interest is determined, at our option, by the federal funds rate plus a margin of 0.125 percent to 0.375 percent, or a Eurodollar rate, determined by reference to LIBOR, plus a margin of 1.125 percent to 1.375 percent depending on availability under the 2016 Credit Agreement. In addition, we are paying a commitment fee of 0.20 percent per annum on the unused portion of the commitments.

The 2016 Credit Agreement provides for a security interest in certain of our domestic store assets, including inventory assets, accounts receivable, cash deposits, and certain insurance proceeds. We are not required to comply with any financial covenants unless certain events of default have occurred and are continuing, or if availability under the 2016 Credit Agreement does not exceed the greater of $40 million and 10 percent of the Loan Cap (as defined in the 2016 Credit Agreement). There are no restrictions relating to the payment of dividends and share repurchases as long as no default or event of default has occurred and the aggregate principal amount of unused commitments under the 2016 Credit Agreement is not less than 15 percent of the lesser of the aggregate amount of the commitments and the Borrowing Base, determined as of the preceding fiscal month and on a proforma basis for the following six fiscal months.

We use the 2016 Credit Agreement to support standby letters of credit in connection with insurance programs. The letters of credit outstanding as of February 1, 2020 were not significant.

The fees relating to the 2016 Credit Agreement are amortized over the life of the facility. The unamortized balance at February 1, 2020 was not significant. Interest expense, including facility fees, related to the revolving credit facility was $1 million for all years presented.

Long-Term Debt

12 Months Ended

Feb. 01, 2020

Long-Term Debt [Abstract]

Long-Term Debt

13. Long-Term Debt


	February 1, 2020		February 2, 2019
	($ in millions)
8.5% debentures payable January 2022	$	118	$	118
Unamortized gain related to interest rate swaps ⁽¹⁾		4		6
	$	122	$	124

(1)	In 2009, we terminated an interest rate swap at a gain. This gain is being amortized as part of interest expense over the remaining term of the debt using the effective-yield method.

Interest expense related to long-term debt and the amortization of the associated debt issuance costs was $8 million in both 2019 and 2018.

Other Liabilities

12 Months Ended

Feb. 01, 2020

Other Liabilities [Abstract]

Other Liabilities

14. Other Liabilities


	February 1, 2020		February 2, 2019
	($ in millions)
Pension benefits	$	61	$	99
Income taxes		32		29
Postretirement benefits		10		11
Workers’ compensation and general liability reserves		8		7
Deferred taxes		2		6
Straight-line rent liability ⁽¹⁾		—		265
Other		9		9
	$	122	$	426

(1)	Upon the adoption of the new lease standard, the straight-line rent liability was reclassified into the right-of-use asset. At February 2, 2019, this balance included unamortized tenant allowances of $66 million.

Leases

12 Months Ended

Feb. 01, 2020

Leases [Abstract]

Leases

15. Leases

On February 3, 2019, we adopted the new lease accounting standard. We applied the modified retrospective method of adoption and therefore, results for the current year are presented under the new guidance, while prior periods have not been adjusted. The majority of our leases are operating leases for our company-operated retail store locations. We also lease, among other things, distribution and warehouse facilities, and office space for corporate administrative purposes.

Operating lease periods generally range from 5 to 10 years and generally contain rent escalation provisions. Some of the store leases contain renewal options with varying terms and conditions.

As February 1, 2020, amounts recognized in the Consolidated Balance Sheet related to operating leases were as follows:


	($ in millions)
Assets
Operating lease right-of-use assets	$	2,899

Liabilities
Current
Operating lease liabilities		518
Noncurrent
Operating lease liabilities		2,678
Total lease liabilities	$	3,196

Other information related to operating leases as of February 1, 2020 consisted of the following:




Weighted average remaining lease term (years)	7.3
Weighted average discount rate	5.4	%

Total lease costs include fixed operating lease costs, variable lease costs, and short-term lease costs. Most of our real estate leases require we pay certain expenses, such as CAM costs, real estate taxes, and other executory costs, of which the fixed portion is included in operating lease costs. Variable lease costs include non-lease components which are not fixed and are not included in determining the present value of our lease liability. Variable lease costs also include amounts based on a percentage of gross sales in excess of specified levels that are recognized when probable. Lease costs which relate to retail stores and distribution centers are classified within cost of sales, while non-store lease costs are included in SG&A. The components of lease cost as of February 1, 2020 were as follows:


	($ in millions)
Operating lease costs	$	668
Variable lease costs		332
Short-term lease costs		23
Sublease income		(1)
Net lease cost	$	1,022

Rent expense for the prior year period is accounted for under previous lease guidance. Rent expense for operating leases for 2018 and 2017 amounted to $750 million and $735 million, respectively, and consisted of minimum and contingent rentals of $728 million and $27 million, respectively, for 2018 and $714 million and $26 million, respectively, for 2017, less sublease income of $5 million in both years. Other costs related to our leases, including the amortization of lease rights, totaled $147 million and $146 million for the years ended February 2, 2019 and February 3, 2018, respectively.

Supplemental cash flow information related to leases for the year ended February 1, 2020 was as follows:


	($ in millions)
Cash paid for amounts included in measurement of operating lease liabilities:	$	679
Right-of-use assets obtained in exchange for lease obligations:		322

Maturities of lease liabilities as of February 1, 2020 are as follows:


	($ in millions)
2020	$	673
2021		622
2022		563
2023		491
2024		411
Thereafter		1,129
Total lease payments		3,889
Less: Interest		693
Total lease liabilities	$	3,196

As of February 1, 2020, we signed operating leases primarily for retail stores that have not yet commenced; the total future undiscounted lease payments under these leases are $35 million.

As of February 2, 2019, the estimated future minimum non-cancellable lease commitments were as follows:


	($ in millions)
2019	$	672
2020		631
2021		583
2022		527
2023		456
Thereafter		1,408
Total operating lease commitments	$	4,277

Accumulated Other Comprehensive Loss

12 Months Ended

Feb. 01, 2020

Accumulated Other Comprehensive Loss [Abstract]

Accumulated Other Comprehensive Loss

16. Accumulated Other Comprehensive Loss

AOCL, net of tax, is comprised of the following:


	2019		2018		2017
	($ in millions)
Foreign currency translation adjustments	$	(104)	$	(84)	$	(9)
Cash flow hedges		(3)		—		—
Unrecognized pension cost and postretirement benefit		(287)		(286)		(270)
	$	(394)	$	(370)	$	(279)

The changes in AOCL for the year ended February 1, 2020 were as follows:


	Foreign				Items Related
	Currency				to Pension and
	Translation		Cash Flow		Postretirement
($ in millions)	Adjustments		Hedges		Benefits		Total
Balance as of February 2, 2019	$	(84)	$	—	$	(286)	$	(370)

OCI before reclassification		(20)		(3)		—		(23)
Amortization of pension actuarial loss, net of tax		—		—		8		8
Pension remeasurement, net of tax		—		—		(9)		(9)
Other comprehensive income		(20)		(3)		(1)		(24)
Balance as of February 1, 2020	$	(104)	$	(3)	$	(287)	$	(394)

Reclassifications to income from AOCL for the year ended February 1, 2020 were as follows:


	($ in millions)
Amortization of actuarial (gain) loss:
Pension benefits- amortization of actuarial loss	$	12
Postretirement benefits- amortization of actuarial gain		(1)
Net periodic benefit cost (see Note 20)		11
Income tax benefit		(3)
Total, net of tax	$	8

Income Taxes

12 Months Ended

Feb. 01, 2020

Income Taxes [Abstract]

Income Taxes

17. Income Taxes

The domestic and international components of pre-tax income are as follows:


	2019		2018		2017
	($ in millions)
Domestic	$	591	$	629	$	432
International		81		84		146
Total pre-tax income	$	672	$	713	$	578

Domestic pre-tax income includes the results of non-U.S. businesses that are operated in branches owned directly by the U.S. which, therefore, are subject to U.S. income tax.

The income tax provision consists of the following:


	2019		2018		2017
Current:	($ in millions)
Federal	$	106	$	91	$	129
State and local		39		42		18
International		31		30		42
Total current tax provision		176		163		189
Deferred:
Federal		(1)		(4)		98
State and local		—		1		5
International		6		12		2
Total deferred tax provision		5		9		105
Total income tax provision	$	181	$	172	$	294

Public Law 115-97, informally known as the Tax Cuts and Jobs Act (the “Tax Act”), was enacted on December 22, 2017. The Tax Act lowered the U.S. statutory income tax rate from 35 percent to 21 percent, imposed a one-time transition tax on our foreign earnings, which previously had been deferred from U.S. income tax, and created a modified territorial system. During the fourth quarter of 2017, we recognized a $99 million provisional charge for the mandatory deemed repatriation of foreign sourced net earnings and a corresponding change in the permanent reinvestment assertion under ASC 740-30. During 2018, we finalized our assessment of the income tax effects of the Tax Act and included measurement period adjustments that reduced the provisional amounts by $28 million.

The Tax Act included a provision effective in 2018 to tax global intangible low-taxed income (“GILTI”) of our foreign subsidiaries. We treat GILTI tax as a current period expense. The GILTI tax expense for 2019 and 2018 was not significant.

Following enactment of the Tax Act and the one-time transition tax, our historical foreign earnings are not subject to additional U.S. federal tax upon repatriation. Further, no additional U.S. federal tax will be due upon repatriation of current foreign earnings because they are either exempt or subject to U.S. tax as earned. At February 1, 2020, we had accumulated undistributed foreign earnings of approximately $704 million. This amount consists of historical earnings that were previously taxed under the Tax Act and post-Tax Act earnings. Investments in our foreign subsidiaries, including working capital, will continue to be permanently reinvested. Cash balances in excess of working capital needs are considered to be available for repatriation to the United States and foreign withholding taxes will be accrued as necessary on these amounts. We have not recorded a deferred tax liability for the difference between the financial statement carrying amount and the tax basis of our investments in foreign subsidiaries. The determination of any unrecorded deferred tax liability on this amount is not practicable due to the uncertainty of how these investments would be recovered.

A reconciliation of the significant differences between the federal statutory income tax rate and the effective income tax rate on pre-tax income is as follows:


	2019		2018		2017
Federal statutory income tax rate ⁽¹⁾	21.0	%	21.0	%	33.7	%
Deemed repatriation tax	—		(2.7)		17.1
Increase in valuation allowance	1.0		2.4		1.6
State and local income taxes, net of federal tax benefit	4.5		4.7		2.0
International income taxed at varying rates	1.9		1.6		(2.3)
Foreign tax credits	(2.0)		(2.1)		(2.6)
Domestic/foreign tax settlements	—		(0.7)		(0.2)
Federal tax credits	(0.2)		(0.2)		(0.2)
Other, net	0.8		0.1		1.7
Effective income tax rate	27.0	%	24.1	%	50.8	%

(1)	In accordance with Section 15 of the Internal Revenue Code, the tax rate for 2017 represented a blended rate of 33.7 percent, calculated by applying a prorated percentage of the number of days prior to and subsequent to the January 1, 2018 effective date.

Deferred income taxes are provided for the effects of temporary differences between the amounts of assets and liabilities recognized for financial reporting purposes and the amounts recognized for income tax purposes. Items that give rise to significant portions of our deferred tax assets and liabilities are as follows:


	2019		2018
Deferred tax assets:	($ in millions)
Tax loss/credit carryforwards and capital loss	$	54	$	39
Employee benefits		40		38
Property and equipment		30		35
Goodwill and other intangible assets		14		24
Operating leases - liabilities		844		—
Straight-line rent		—		47
Other		29		25
Total deferred tax assets	$	1,011	$	208
Valuation allowance		(39)		(33)
Total deferred tax assets, net	$	972	$	175
Deferred tax liabilities:
Merchandise inventories	$	86	$	77
Operating leases - assets		794		—
Other		13		17
Total deferred tax liabilities	$	893	$	94
Net deferred tax asset	$	79	$	81
Balance Sheet caption reported in:
Deferred taxes	$	81	$	87
Other liabilities		(2)		(6)
	$	79	$	81

Based upon the level of historical taxable income and projections for future taxable income, which are based upon our long-range strategic plans, we believe it is more likely than not that we will realize the benefits of deductible differences, net of the valuation allowances at February 1, 2020, over the periods in which the temporary differences are anticipated to reverse. However, the amount of the deferred tax asset considered realizable could be adjusted in the future if estimates of taxable income are revised. As of February 1, 2020, we have a valuation allowance of $39 million to reduce our deferred tax assets to an amount that is more likely than not to be realized. A valuation allowance of $36 million was recorded against tax loss carryforwards of certain foreign entities. Based on the history of losses and the absence of prudent and feasible business plans for generating future taxable income in these entities, we believe it is more likely than not that the benefit of these loss carryforwards will not be realized. As of February 1, 2020, a valuation allowance of $2 million was established for foreign taxes assessed at rates in excess of the U.S. federal tax rate for which no U.S. foreign tax credit is available. Additionally, since we do not have any reasonably foreseeable sources of Canadian capital gains, a valuation allowance of $1 million was established during 2019 for a deferred tax asset arising from a capital loss associated with an uncollectible Canadian note receivable.

At February 1, 2020, we have international minimum tax credit carryforwards with a potential tax benefit of $4 million and operating loss carryforwards with a potential tax benefit of $41 million, a portion of which will expire between 2020 and 2027 and a portion of which will never expire. We will have, when realized, capital losses with a potential benefit of $1 million arising from a Canadian note receivable and $2 million from a minority interest investment. The Canadian loss will carryforward indefinitely after realization and the minority interest loss can be carried forward five years after realization. The international operating loss carryforwards do not include unrecognized tax benefits. We also have foreign tax credit carryforwards with a potential tax benefit of $6 million that will expire between 2018 and 2029.

We operate in multiple taxing jurisdictions and are subject to audit. Audits can involve complex issues that may require an extended period of time to resolve. A taxing authority may challenge positions we adopted in our income tax filings. Accordingly, we may apply different tax treatments for transactions in filing our income tax returns than for income tax financial reporting. We regularly assess our tax positions for such transactions and record reserves for those differences.

Our 2018 U.S. Federal income tax filing is under examination by the Internal Revenue Service. We expect to conclude the examination in the first quarter of 2020. We are participating in the IRS’s Compliance Assurance Process (“CAP”) for 2019, which is expected to conclude during 2020. We have started the CAP for 2020. We are subject to state and local tax examinations from 2015 to the present. To date, no adjustments have been proposed in any audits that will have a material effect on our financial position or results of operations.

At February 1, 2020, we had $45 million of gross unrecognized tax benefits, of which $34 million would, if recognized, affect our annual effective tax rate. We classified certain income tax liabilities as current or noncurrent based on our estimate of when these liabilities will be settled. Interest expense and penalties related to unrecognized tax benefits are classified as income tax expense. The Company recognized $1 million of interest expense in 2019. Interest was not significant for 2018 or 2017. The total amount of accrued interest and penalties was $2 million, $1 million, and none in 2019, 2018, and 2017, respectively.

The following table summarizes the activity related to unrecognized tax benefits:


	2019		2018		2017
	($ in millions)
Unrecognized tax benefits at beginning of year	$	34	$	44	$	38
Foreign currency translation adjustments		(1)		(3)		4
Increases related to current year tax positions		3		2		3
Increases related to prior period tax positions		12		9		1
Decreases related to prior period tax positions		—		(13)		—
Settlements		(2)		(3)		(1)
Lapse of statute of limitations		(1)		(2)		(1)
Unrecognized tax benefits at end of year	$	45	$	34	$	44

It is reasonably possible that the liability associated with our unrecognized tax benefits will increase or decrease within the next twelve months. These changes may be the result of foreign currency fluctuations, ongoing audits, or the expiration of statutes of limitations. Settlements during 2020 are not expected to be significant based on current estimates. Audit outcomes and the timing of audit settlements are subject to significant uncertainty. Although we believe that an adequate provision has been made for such issues, the ultimate resolution could have an adverse effect on the earnings of the Company. Conversely, if these issues are resolved favorably in the future, the related provision would be reduced, generating a positive effect on earnings. Due to the uncertainty of amounts and in accordance with our accounting policies, we have not recorded any potential consequences of these settlements. In addition, to the extent there are settlements in the future for certain foreign unrecognized tax benefits, the transition tax may also be revised accordingly.

Financial Instruments and Risk Management

12 Months Ended

Feb. 01, 2020

Financial Instruments and Risk Management [Abstract]

Financial Instruments and Risk Management

18. Financial Instruments and Risk Management

We operate internationally and utilize certain derivative financial instruments to mitigate our foreign currency exposures, primarily related to third-party and intercompany forecasted transactions. As a result of the use of derivative instruments, we are 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 with major financial institutions selected based upon their credit ratings and other financial factors. We monitor the creditworthiness of counterparties throughout the duration of the derivative instrument.

Derivative Holdings Designated as Hedges

For a derivative to qualify as a hedge at inception and throughout the hedged period, we formally document the nature of the hedged items and the relationships between the hedging instruments and the hedged items, as well as our 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. Gains or losses recognized in earnings for any of the periods presented were not significant. 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 we evaluate periodically.

The primary currencies to which we are exposed are the euro, British pound, Canadian dollar, and Australian dollar. Generally, merchandise inventories are purchased by each geographic area in their respective local currency with the exception of 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 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.

The notional value of the contracts outstanding at February 1, 2020 and February 2, 2019 was $92 million and $117 million, respectively. As of February 1, 2020, all of our hedged forecasted transactions extend less than twelve months into the future, and we expect all derivative-related amounts reported in AOCL to be reclassified to earnings within twelve months. The balance in AOCL as of February 1, 2020 was a loss of $3 million and as of February 2, 2019 it was not significant.

Derivative Holdings Not Designated as Hedges

We enter into certain derivative contracts that are not designated as hedges, such as foreign exchange forward contracts and currency option contracts. These derivative contracts are used to manage certain costs of foreign currency-denominated merchandise purchases, intercompany transactions, and the effect of fluctuating foreign exchange rates on the reporting of foreign currency-denominated earnings. Changes in the fair value of derivative holdings not designated as hedges, as well as realized gains and premiums paid, are recorded in earnings immediately within SG&A or Other income, net, depending on the type of transaction. The aggregate amount recognized for these contracts was not significant for any of the periods presented.

The notional value of foreign exchange forward contracts outstanding at February 1, 2020 and February 2, 2019 was $1 million and $11 million, respectively. The foreign exchange forward contracts outstanding at February 1, 2020 matured during February 2020.

Fair Value of Derivative Contracts

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


	Balance Sheet	February 1,		February 2,
($ in millions)	Caption	2020		2019
Hedging Instruments:
Foreign exchange forward contracts	Current liabilities	$	4	$	1

Notional Values and Foreign Currency Exchange Rates

The table below presents the notional amounts for all outstanding derivatives and the weighted-average exchange rates of foreign exchange forward contracts at February 1, 2020:


		Contract Value	Weighted-Average
		($ in millions)	Exchange Rate
Inventory
Buy €/Sell British £	$	92	0.8847

Intercompany
Buy US $/Sell CAD $	$	1	1.3167

Business Risk

The retailing business is highly competitive. Price, quality, selection of merchandise, reputation, store location, advertising, and customer experience are important competitive factors in the Company’s business. We operate in 27 countries and purchased approximately 91 percent of our merchandise in 2019 from our top 5 suppliers. In 2019, we purchased approximately 71 percent of our athletic merchandise from one major supplier, Nike, Inc. (“Nike”). Each of our operating divisions is highly dependent on Nike; they individually purchased 43 to 77 percent of their merchandise from Nike.

Included in our Consolidated Balance Sheet at February 1, 2020, are the net assets of the Company’s European operations, which total $487 million and are located in 20 countries, 11 of which have adopted the euro as their functional currency.

Fair Value Measurements

12 Months Ended

Feb. 01, 2020

Fair Value Measurements [Abstract]

Fair Value Measurements

19. Fair Value Measurements

We categorize our financial instruments into a three-level fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument.

Fair value is determined based upon the exit price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants exclusive of any transaction costs. Our financial assets recorded at fair value are categorized as follows:

Level 1 - Quoted prices for identical instruments in active markets.

Level 2 - Observable inputs other than quoted prices included within Level 1, including 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 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.

Our 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.

Assets and Liabilities Measured at Fair Value on a Recurring Basis


	As of February 1, 2020						As of February 2, 2019
	($ in millions)
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets
Available-for-sale security		—		7		—		—		6		—
Total Assets	$	—	$	7	$	—	$	—	$	6	$	—

Liabilities
Foreign exchange forward contracts		—		4		—		—		1		—
Total Liabilities	$	—	$	4	$	—	$	—	$	1	$	—

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

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

Assets and liabilities recognized or disclosed at fair value on the consolidated financial statements on a nonrecurring basis include items such as property, plant and equipment, operating lease right-of-use assets, goodwill, other intangible assets and minority investments that are not accounted for under the equity method of accounting. These assets are measured using Level 3 inputs, if determined to be impaired.

Long-Term Debt

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.


	February 1, 2020		February 2, 2019
	($ in millions)
Carrying value	$	122	$	124
Fair value	$	135	$	136

The carrying values of cash and cash equivalents, restricted cash, and other current receivables and payables approximate their fair value.

- Definition

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.

+ References + Details

Retirement Plans and Other Benefits

12 Months Ended

Feb. 01, 2020

Retirement Plans and Other Benefits [Abstract]

Retirement Plans and Other Benefits

20. Retirement Plans and Other Benefits

Pension and Other Postretirement Plans

We have defined benefit pension plans covering certain of our North American employees. In May 2019, the U.S. qualified pension plan was amended such that all employees who were not participants in the plan as of December 31, 2019, will not become participants after such date. All benefit accruals were frozen as of December 31, 2019 for all plan participants with less than eleven years of service as of December 31, 2019. For participants with more than eleven years of service as of December 31, 2019, benefit accruals will be frozen as of December 31, 2022. Participants will continue to accrue interest in accordance with the plan’s provisions.

We also sponsor postretirement medical and life insurance plans, which are available to most of our retired U.S. employees. These plans are contributory and are not funded. The measurement date of the assets and liabilities is the month-end date that is closest to our fiscal year end. The following tables set forth the plans’ changes in benefit obligations and plan assets, funded status, and amounts recognized in the Consolidated Balance Sheets:


	Pension Benefits				Postretirement Benefits
	2019		2018		2019		2018
	($ in millions)
Change in benefit obligation
Benefit obligation at beginning of year	$	739	$	683	$	12	$	15
Service cost		20		18		—		—
Interest cost		27		29		—		—
Plan participants’ contributions		—		—		1		1
Actuarial (gain) / loss		76		(16)		—		(2)
Foreign currency translation adjustments		(1)		(4)		—		—
Plan reformation ⁽¹⁾		—		194		—		—
Benefits paid		(85)		(165)		(2)		(2)
Settlement		(1)		—		—		—
Benefit obligation at end of year	$	775	$	739	$	11	$	12

Change in plan assets
Fair value of plan assets at beginning of year	$	644	$	697
Actual return on plan assets		100		(15)
Employer contributions		57		131
Foreign currency translation adjustments		(1)		(4)
Benefits paid		(85)		(165)
Fair value of plan assets at end of year	$	715	$	644

Funded status	$	(60)		(95)	$	(11)	$	(12)

Amounts recognized on the balance sheet:
Other assets	$	3	$	7	$	—	$	—
Accrued and other liabilities		(2)		(3)		(1)		(1)
Other liabilities		(61)		(99)		(10)		(11)
	$	(60)	$	(95)	$	(11)	$	(12)

(1)	In connection with the pension litigation, the Company reformed its U.S. qualified pension plan during the second quarter of 2018 in accordance with the court’s order.


	Pension Benefits				Postretirement Benefits
	2019		2018		2019		2018
Amounts recognized in accumulated other
comprehensive loss, pre-tax:
Net loss (gain)	$	392	$	391	$	(5)	$	(6)
Prior service cost		—		1		—		—
	$	392	$	392	$	(5)	$	(6)

The Canadian qualified pension plan’s assets exceeded its accumulated benefit obligation for both 2019 and 2018. The Company’s non-qualified pension plans have an accumulated benefit obligation in excess of plan assets, as these plans are unfunded. Accordingly, the table below reflects both the U.S. qualified plan and the non-qualified plans for both 2019 and 2018.


	2019		2018
	($ in millions)
Projected benefit obligation	$	727	$	696
Accumulated benefit obligation		727		696
Fair value of plan assets		664		593

The following tables set forth the changes in AOCL (pre-tax) at February 1, 2020:


	Pension		Postretirement
	Benefits		Benefits
	($ in millions)
Net actuarial loss (gain) at beginning of year	$	391	$	(6)
Amortization of net (loss) gain		(12)		1
Loss arising during the year		13		—
Foreign currency fluctuations		—		—
Net actuarial loss (gain) at end of year ⁽¹⁾	$	392	$	(5)

(1)	The amounts in AOCL that are expected to be recognized as components of net periodic benefit cost (income) during the next year are approximately $12 million and $(1) million related to the pension and postretirement plans, respectively.

The following weighted-average assumptions were used to determine the benefit obligations under the plans:


	Pension Benefits				Postretirement Benefits
	2019		2018		2019		2018
Discount rate	2.9	%	4.0	%	3.0	%	4.1	%
Rate of compensation increase	3.6	%	3.6	%

Pension expense is actuarially calculated annually based on data available at the beginning of each year. The expected return on plan assets is determined by multiplying the expected long-term rate of return on assets by the market-related value of plan assets for the U.S. qualified pension plan and market value for the Canadian qualified pension plan. The market-related value of plan assets is a calculated value that recognizes investment gains and losses in fair value related to equities over three or five years, depending on which computation results in a market-related value closer to market value. Market-related value for the U.S. qualified plan was $601 million and $615 million for 2019 and 2018, respectively.

Assumptions used in the calculation of net benefit cost include the discount rate selected and disclosed at the end of the previous year, as well as other assumptions detailed in the table below:


	Pension Benefits						Postretirement Benefits
	2019		2018		2017		2019		2018		2017
Discount rate ⁽¹⁾	4.0	%	4.0	%	4.0	%	4.1	%	3.7	%	4.0	%
Rate of compensation increase	3.6	%	3.6	%	3.6	%
Expected long-term rate of return on assets	5.8	%	5.9	%	5.8	%

(1)	The U.S qualified pension plan was remeasured during the second quarter of 2018 in connection with the pension litigation. The discount rate used to determine the benefit obligation in 2018 before the remeasurement was 3.7%.

The expected long-term rate of return on invested plan assets is based on the plans’ weighted-average target asset allocation, as well as historical and future expected performance of those assets. The target asset allocation is selected to obtain an investment return that is sufficient to cover the expected benefit payments and to reduce the variability of future contributions by the Company.

The following are the components of net periodic pension benefit cost and net periodic postretirement benefit income.


	Pension Benefits						Postretirement Benefits
	2019		2018		2017		2019		2018		2017

Service cost	$	20	$	18	$	17	$	—	$	—	$	—
Interest cost		27		29		25		—		—		1
Expected return on plan assets		(37)		(38)		(37)		—		—		—
Amortization of net loss (gain)		12		12		13		(1)		(1)		(2)
Net benefit expense (income)	$	22	$	21	$	18	$	(1)	$	(1)	$	(1)

Service cost is recognized as a component of SG&A and the remaining pension and postretirement expense components are recognized as part of Other income, net. In 2017 all components of net benefit expense (income) were recognized as part of SG&A.

Beginning in 2001, new retirees were charged the expected full cost of the medical plan, and then-existing retirees will incur 100 percent of the expected future increases in medical plan costs. Any changes in the health care cost trend rates assumed would not affect the accumulated benefit obligation or net benefit income, since retirees will incur 100 percent of such expected future increases.

The Company maintains a Supplemental Executive Retirement Plan (“SERP”), which is an unfunded plan that includes provisions for the continuation of medical and dental insurance benefits to certain executive officers and other key employees of the Company (“SERP Medical Plan”). The SERP Medical Plan’s accumulated projected benefit obligation at February 1, 2020 was $10 million. The following initial and ultimate cost trend rate assumptions were used to determine the benefit obligations under the SERP Medical Plan:


	Medical Trend Rate						Dental Trend Rate
	2019		2018		2017		2019		2018		2017
Initial cost trend rate	6.5	%	6.5	%	7.0	%	5.0	%	5.0	%	5.0	%
Ultimate cost trend rate	5.0	%	5.0	%	5.0	%	5.0	%	5.0	%	5.0	%
Year that the ultimate cost trend rate is reached	2025		2025		2025		2020		2019		2018

The following initial and ultimate cost trend rate assumptions were used to determine the net periodic cost under the SERP Medical Plan:


	Medical Trend Rate						Dental Trend Rate
	2019		2018		2017		2019		2018		2017
Initial cost trend rate	6.5	%	7.0	%	7.0	%	5.0	%	5.0	%	5.0	%
Ultimate cost trend rate	5.0	%	5.0	%	5.0	%	5.0	%	5.0	%	5.0	%
Year that the ultimate cost trend rate is reached	2025		2025		2021		2019		2018		2017

A one percentage-point change in the assumed health care cost trend rates would have the following effects on the SERP Medical Plan:

The mortality assumption used to value the Company’s 2019 U.S. pension obligations was the Pri-2012 mortality table with generational projection using modified MP-2019 for both males and females, while in the prior year the obligation was valued using the RP-2017 mortality table with generational projection using modified MP-2017. The Company used the 2014 CPM Private Sector mortality table projected generationally with Scale CPM-B for both males and females to value its Canadian pension obligations for 2019, while in the prior year the obligation was valued using the RP-2000 mortality table with generational projection using scale AA. For the SERP Medical Plan, the mortality assumption used to value the 2019 obligation was updated to the PriH-2012 table with generational projection using MP-2019, while in the prior year the obligation was valued using the RPH-2018 table with generational projection using MP-2018.

Plan Assets

The target composition of the Company’s Canadian qualified pension plan assets is 95 percent fixed-income securities and 5 percent equities. The Company believes plan assets are invested in a conservative manner with the same overall objective and investment strategy as noted below for the U.S. pension plan. The bond portfolio is comprised of government and corporate bonds chosen to match the duration of the pension plan’s benefit payment obligations. This current asset allocation will limit future volatility with regard to the funded status of the plan.

The target composition of the Company’s U.S. qualified pension plan assets is 60 percent fixed-income securities, 36.5 percent equities, and 3.5 percent real estate. The Company may alter the asset allocation targets from time to time depending on market conditions and the funding requirements of the pension plan. This current asset allocation has and is expected to limit volatility with regard to the funded status of the plan, but may result in higher pension expense due to the lower long-term rate of return associated with fixed-income securities. Due to market conditions and other factors, actual asset allocations may vary from the target allocation outlined above.

The Company believes plan assets are invested in a conservative manner with an objective of providing a total return that, over the long term, provides sufficient assets to fund benefit obligations, taking into account the Company’s expected contributions and the level of funding risk deemed appropriate. The Company’s investment strategy seeks to diversify assets among classes of investments with differing rates of return, volatility, and correlation in order to reduce funding risk. Diversification within asset classes is also utilized to ensure that there are no significant concentrations of risk in plan assets and to reduce the effect that the return on any single investment may have on the entire portfolio.

Valuation of Investments

Significant portions of plan assets are invested in commingled trust funds. These funds are valued at the net asset value of units held by the plan at year end. Stocks traded on U.S. and Canadian security exchanges are valued at closing market prices on the measurement date.

The fair values of the Canadian pension plan assets at February 1, 2020 and February 2, 2019 were as follows:


	Level 1		Level 2		Level 3		2019 Total		2018 Total*
	($ in millions)
Cash equivalents	$	—	$	1	$	—	$	1	$	1
Equity securities:
Canadian and international ⁽¹⁾		2		—		—		2		3
Fixed-income securities:
Cash matched bonds ⁽²⁾		—		48		—		48		47
Total assets at fair value	$	2	$	49	$	—	$	51	$	51

*	Each category of plan assets is classified within the same level of the fair value hierarchy for 2019 and 2018.

(1)	This category comprises one mutual fund that invests primarily in a diverse portfolio of Canadian securities.

(2)	This category consists of fixed-income securities, including strips and coupons, issued or guaranteed by the Government of Canada, provinces or municipalities of Canada including their agencies and crown corporations, as well as other governmental bonds and corporate bonds.

The fair values of the Company’s U.S. pension plan assets at February 1, 2020 and February 2, 2019 were as follows:


	Level 1		Level 2		Level 3		2019 Total		2018 Total*
	($ in millions)
Cash equivalents	$	—	$	3	$	—	$	3	$	3
Equity securities:
U.S. large-cap ⁽¹⁾		—		116		—		116		106
U.S. mid-cap ⁽¹⁾		—		34		—		34		32
International ⁽²⁾		—		78		—		78		72
Corporate stock ⁽³⁾		15		—		—		15		22
Fixed-income securities:
Long duration corporate and government bonds ⁽⁴⁾		—		273		—		273		234
Intermediate duration corporate and government bonds ⁽⁵⁾		—		121		—		121		104
Other types of investments:
Real estate securities ⁽⁶⁾		—		23		—		23		20
Insurance contracts		—		1		—		1		—
Total assets at fair value	$	15	$	649	$	—	$	664	$	593

*	Each category of plan assets is classified within the same level of the fair value hierarchy for 2019 and 2018.

(1)	These categories consist of various managed funds that invest primarily in common stocks, as well as other equity securities and a combination of other funds.

(2)	This category comprises three managed funds that invest primarily in international common stocks, as well as other equity securities and a combination of other funds.

(3)	This category consists of the Company’s common stock.

(4)	This category consists of various fixed-income funds that invest primarily in long-term bonds, as well as a combination of other funds, that together are designed to exceed the performance of related long-term market indices.

(5)	This category consists of two fixed-income funds that invest primarily in intermediate duration bonds, as well as a combination of other funds, that together are designed to exceed the performance of related indices.

(6)	This category consists of one fund that invests in global real estate securities.

Contributions and Expected Payments

We made a contribution of $55 million and $128 million to our U.S. qualified pension plan during 2019 and 2018, respectively. During 2019, we also paid $2 million in pension benefits related to our non-qualified pension plans. We do not anticipate making any contributions to the U.S. qualified pension plans in 2020, however we continually evaluate the amount and timing of any potential contributions based on market conditions and other factors.

Estimated future benefit payments for each of the next five years and the five years thereafter are as follows:


	Pension		Postretirement
	Benefits		Benefits
	($ in millions)
2020	$	103	$	1
2021		52		1
2022		52		1
2023		49		—
2024		46		—
2025-2029		211		2

Savings Plans

The Company has two qualified savings plans, a 401(k) plan that is available to employees whose primary place of employment is the U.S., and another plan that is available to employees whose primary place of employment is in Puerto Rico. Eligible associates may contribute to the plans following 28 days of employment and are eligible for Company matching contributions upon completion of one year of service consisting of at least 1,000 hours. As of January 1, 2020, the savings plans allow eligible employees to contribute up to 40 percent of their compensation on a pre-tax basis, subject to a maximum of $19,500 for the U.S. plan and $15,000 for the Puerto Rico plan. Prior to January 1, 2020, the Company matched 25 percent of employees’ pre-tax contributions on up to the first 4 percent of the employees’ compensation (subject to certain limitations). Effective January 1, 2020, the Company matches 100 percent of employees’ pre-tax contributions on up to the first 1 percent and 50 percent of the next 5 percent of the employees’ compensation (subject to certain limitations). Prior to January 1, 2020, such matching contributions are vested incrementally over the first five years of participation for both plans. Effective January 1, 2020, matching contributions are vested over two years. The charge to operations for the Company’s matching contribution was $4 million for both 2019 and 2018.

Share-Based Compensation

12 Months Ended

Feb. 01, 2020

Share-Based Compensation [Abstract]

Share-Based Compensation

21. Share-Based Compensation

Stock Awards

Under our 2007 Stock Incentive Plan (the “2007 Stock Plan”), stock options, restricted stock, restricted stock units, stock appreciation rights, or other share-based awards may be granted to nonemployee directors, officers and other employees of the Company, including its subsidiaries and operating divisions worldwide. Options for employees become exercisable in substantially equal annual installments over a three-year period, beginning with the first anniversary of the date of grant of the option, unless a shorter or longer duration is established at the time of the option grant. The options terminate ten years from the date of grant. On May 21, 2014, the 2007 Stock Plan was amended to increase the number of shares of the Company’s common stock reserved for all awards to 14 million shares. As of February 1, 2020, there were 7,476,896 shares available for issuance under this plan.

Employees Stock Purchase Plan

Under our 2013 Foot Locker Employees Stock Purchase Plan (“ESPP”), participating employees are able to contribute up to 10 percent of their annual compensation, not to exceed $25,000 in any plan year, through payroll deductions to acquire shares of the Company’s common stock at 85 percent of the lower market price on one of two specified dates in each plan year. Of the 3,000,000 shares of common stock authorized under this plan, there were 2,379,218 shares available for purchase as of February 1, 2020. During 2019 and 2018, participating employees purchased 96,451 shares and 48,196 shares, respectively.

Share-Based Compensation Expense

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


	2019		2018		2017
	($ in millions)
Options and shares purchased under the ESPP	$	6	$	7	$	9
Restricted stock and restricted stock units		12		15		6
Total share-based compensation expense	$	18	$	22	$	15

Tax benefit recognized	$	2	$	3	$	4

Valuation Model and Assumptions

The Black-Scholes option-pricing model is used to estimate the fair value of share-based awards. The Black-Scholes option-pricing model incorporates various and subjective assumptions, including expected term and expected volatility.

We estimate the expected term of share-based awards using the Company’s historical exercise and post-vesting employment termination patterns, which we believe are representative of future behavior. The expected term for the employee stock purchase plan valuation is based on the length of each purchase period as measured at the beginning of the offering period, which is one year.

We estimate the expected volatility of our common stock at the grant date using a weighted-average of the Company’s historical volatility and implied volatility from traded options on the Company’s common stock. We believe that this combination of historical volatility and implied volatility provides a better estimate of future stock price volatility.

The risk-free interest rate assumption is determined using the Federal Reserve nominal rates for U.S. Treasury zero-coupon bonds with maturities similar to those of the expected term of the award being valued. The expected dividend yield is derived from the Company’s historical experience.

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



	Stock Option Plans									Stock Purchase Plan
	2019			2018			2017			2019			2018			2017
Weighted-average risk free rate of interest		2.2	%		2.7	%		2.1	%		2.2	%		2.0	%		1.0	%
Expected volatility		38	%		37	%		25	%		54	%		50	%		30	%
Weighted-average expected award life (in years)		5.5			5.5			5.4			1.0			1.0			1.0
Dividend yield		2.6	%		3.1	%		1.9	%		3.1	%		2.0	%		2.0	%
Weighted-average fair value	$	17.07		$	12.42		$	14.74		$	16.68		$	15.29		$	10.96

The information set forth in the following table covers options granted under the Company’s stock option plans:


		Weighted-		Weighted-
	Number	Average		Average
	of	Remaining		Exercise
	Shares	Contractual Life		Price
	(in thousands)	(in years)		(per share)
Options outstanding at the beginning of the year	2,861			$	52.34
Granted	321				58.65
Exercised	(171)				26.97
Expired or cancelled	(130)				59.79
Options outstanding at February 1, 2020	2,881		5.7	$	54.21
Options exercisable at February 1, 2020	2,162		4.8	$	53.70

The total fair value of options vested during 2019 and 2018 was $6 million and $8 million, respectively. During the year ended February 1, 2020, we received $5 million in cash from option exercises and recognized a related tax benefit of $1 million.

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:


	2019		2018		2017
	($ in millions)
Exercised	$	5	$	4	$	22

The aggregate intrinsic value for stock options outstanding, and those outstanding and 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:


	2019
	($ in millions)
Outstanding	$	5
Outstanding and exercisable	$	4

As of February 1, 2020, there was $3 million of total unrecognized compensation cost related to nonvested stock options, which is expected to be recognized over a remaining weighted-average period of 1.4 years.

The following table summarizes information about stock options outstanding and exercisable at February 1, 2020:


	Options Outstanding				Options Exercisable
		Weighted-
		Average	Weighted-			Weighted-
		Remaining	Average			Average
Range of Exercise	Number	Contractual	Exercise		Number	Exercise
Prices	Outstanding	Life	Price		Exercisable	Price
	(in thousands, except prices per share and contractual life)
$9.85 to $18.84	126	1.1	$	18.60	126	$	18.60
$24.75 to $36.51	377	3.1		32.13	334		31.77
$44.78 to $45.75	567	6.3		44.91	348		44.99
$46.64 to $62.11	927	6.3		59.99	615		60.82
$63.33 to $73.21	884	6.4		68.57	739		67.75
	2,881	5.7	$	54.21	2,162	$	53.70

Restricted Stock Units

Restricted stock units (“RSU”) of the Company’s common stock may be awarded to certain officers and key employees of the Company. Additionally, RSU awards are made to employees in connection with the Company’s long-term incentive program, and to nonemployee directors. Each RSU award represents the right to receive one share of the Company’s common stock provided that the performance and vesting conditions are satisfied.

Generally, awards fully vest after the passage of time, typically three years. However, RSU awards made in connection with the Company’s performance-based long-term incentive program are earned after the attainment of certain performance metrics and, with regards to certain awards, vest after an additional one-year period.

No dividends are paid or accumulated on any RSU awards.

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

RSU activity is summarized as follows:


			Weighted-Average
	Number		Remaining		Weighted-Average
	of		Contractual		Grant Date
	Shares		Life		Fair Value
		(in thousands)		(in years)		(per share)
Nonvested at beginning of year		1,022			$	47.47
Granted ⁽¹⁾		306				58.48
Vested		(89)				60.54
Performance adjustment ⁽²⁾		(259)
Forfeited		(44)				52.81
Nonvested at February 1, 2020		936		1.3	$	49.25

Aggregate value ($ in millions)	$	46

0.4 million performance-based RSUs were granted during 2018 and are included as granted in the table above. The number of performance-based RSUs that are ultimately earned may vary from 0% to 200% of target depending on the achievement relative to the Company’s predefined financial performance targets.

(1)

Included in the units granted are approximately 0.2 million performance-based RSUs. The number of performance-based RSUs that are ultimately earned may vary from 0% to 200% of target depending on the achievement relative to the Company’s predefined financial performance targets.

(2)

This represents adjustments made to performance-based RSU awards and reflect changes in estimates based upon the Company’s current performance against predefined financial targets.

The total fair value of awards vested was $5 million, $7 million, and $15 million for 2019, 2018, and 2017, respectively. At February 1, 2020, there was $20 million of total unrecognized compensation cost related to nonvested RSU awards.

Legal Proceedings

12 Months Ended

Feb. 01, 2020

Legal Proceedings [Abstract]

Legal Proceedings

22. Legal Proceedings

Legal proceedings pending against the Company or its consolidated subsidiaries consist of ordinary, routine litigation, including administrative proceedings, incidental to the business of the Company or businesses that have been sold or discontinued by the Company in past years. These legal proceedings include commercial, intellectual property, customer, environmental, and employment-related claims. Additionally, the Company and certain officers of the Company were defendants in a purported securities law class action in New York. During the third quarter of 2019, the Court granted the Company’s motion to dismiss the class action and the plaintiffs’ time to appeal has expired. The directors and certain officers of the Company were defendants in related derivative actions filed in state and federal court. The courts ordered the dismissals of plaintiffs’ complaints following the parties’ submission of a joint stipulation to dismiss.

We do not believe that the outcome of any such legal proceedings pending against the Company or its consolidated subsidiaries, as described above, would have a material adverse effect on our consolidated financial position, liquidity, or results of operations, taken as a whole, based upon current knowledge and taking into consideration current accruals. Litigation is inherently unpredictable. Judgments could be rendered or settlements made that could adversely affect the Company’s operating results or cash flows in a particular period.

Subsequent Events

12 Months Ended

Feb. 01, 2020

Subsequent Events [Abstract]

Subsequent Events

24. Subsequent Events

On February 19, 2020, we announced that our Board of Directors declared a quarterly dividend of $0.40 per share on our common stock. The dividend will be payable on May 1, 2020 to shareholders of record at the close of business on April 17, 2020. Although it is our Company’s intention to continue to pay a quarterly cash dividend in the future, any decision to pay future cash dividends will be made by the Board of Directors and will depend on future earnings, financial condition, and other factors.

COVID-19 is having a significant effect on overall economic conditions in the various geographic areas in which we have operations. Our top priority is to protect our associates and their families, our customers, and our operations. We are taking all precautionary measures as directed by health authorities and local and national governments. On March 18, 2020, in response to intensifying efforts to contain the spread of COVID-19, we temporarily closed our stores across all of our brands in North America, EMEA, and Malaysia. On March 25, 2020, we temporarily closed our stores in New Zealand.

The rest of our locations in the Asia Pacific region, which include Hong Kong, Singapore, and Australia, will remain open subject to direction from local and national governments.

We continue to monitor the outbreak of COVID-19 and other closures, or closures for a longer period, may be required to help ensure the health and safety of our associates and our customers. COVID-19 has and may continue to have an effect on ports and trade, as well as global travel. We have set up a special management committee and the committee is taking the necessary precautionary measures to protect the health and safety of our associates as well as following the guidance provided by local health authorities. Given the dynamic nature of these circumstances, the duration of business disruption, and reduced customer traffic, the related financial affect cannot be reasonably estimated at this time but are expected to materially affect our business for the first quarter and full year of 2020.

On March 19, 2020, in order to increase our cash position and help preserve our financial flexibility, we have drawn $330 million of our credit facility.

Summary of Significant Accounting Policies (Policy)

12 Months Ended

Feb. 01, 2020

Summary of Significant Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

Reporting Year

Reporting Year

Revenue Recognition

Revenue Recognition

Gift Cards

Gift Cards



	2019		2018
	($ in millions)
Gift card liability at beginning of year	$	35	$	38
Redemptions		(105)		(96)
Cumulative catch-up adjustment to retained earnings from the adoption of Topic 606		—		(4)
Breakage recognized in sales		(7)		(6)
Activations		112		104
Foreign currency fluctuations		—		(1)
Gift card liability at end of year	$	35	$	35

We elected not to disclose the information about remaining performance obligations since the amount of gift cards redeemed after 12 months is not significant for both 2019 and 2018.

Advertising Costs and Sales Promotion

Advertising costs, including digital advertising, which are included as a component of SG&A, were as follows:


	2019		2018		2017
	($ in millions)
Advertising expenses ⁽¹⁾	$	91	$	111	$	108
Digital advertising expenses		95		96		96
Cooperative advertising reimbursements		(20)		(25)		(20)
Net advertising expense	$	166	$	182	$	184

(1)	Effective with the adoption of the new lease standard in 2019, advertising costs that are required by some of our mall-based leases are recorded as an element of rent expense. These costs were $14 million for both 2018 and 2017.

Catalog Costs

Catalog Costs

Catalog costs, which are included as a component of SG&A, were as follows:


	2019		2018		2017
	($ in millions)
Catalog costs	$	15	$	18	$	19
Cooperative reimbursements		—		—		(2)
Net catalog expense	$	15	$	18	$	17

Share-Based Compensation

Share-Based Compensation

Earnings Per Share

Earnings Per Share


	2019		2018		2017
	(in millions, except per share data)
Net Income	$	491	$	541	$	284

Weighted-average common shares outstanding		108.7		115.6		127.2
Dilutive effect of potential common shares		0.4		0.5		0.7
Weighted-average common shares outstanding assuming dilution		109.1		116.1		127.9

Earnings per share - basic	$	4.52	$	4.68	$	2.23
Earnings per share - diluted	$	4.50	$	4.66	$	2.22

Anti-dilutive share-based awards excluded from diluted calculation		2.2		1.9		1.6

Cash, Cash Equivalents and Restricted Cash

Cash, Cash Equivalents, and Restricted Cash

The following table provides the reconciliation of cash, cash equivalents, and restricted cash, as reported on our consolidated statements of cash flows.


	2019		2018		2017
	($ in millions)
Cash and cash equivalents ⁽¹⁾	$	907	$	891	$	849
Restricted cash included in other current assets ⁽²⁾		6		59		1
Restricted cash included in other non-current assets ⁽²⁾		29		31		181
Cash, cash equivalents, and restricted cash	$	942	$	981	$	1,031

(1)	Includes cash equivalents of $878 million, $834 million, and $780 million for the year ended February 1, 2020, February 2, 2019, and February 3, 2018, respectively.

(2)

Merchandise Inventories and Cost of Sales

Merchandise Inventories and Cost of Sales

Investments

Investments

See Note 19, Fair Value Measurements, for further discussion.

Property and Equipment

Property and Equipment

Depreciation and amortization are computed on a straight-line basis over the following estimated useful lives:



Buildings		Maximum of 50 years
Store leasehold improvements		Shorter of the asset useful life or expected term of the lease
Furniture, fixtures, and equipment		3‑10 years
Software		2‑7 years

Internal-Use Software Development Costs

Internal-Use Software Development Costs

Impairment of Long-Lived Tangible Assets and Right-of-Use Assets

Impairment of Long-Lived Tangible Assets and Right-of-Use Assets

Leases

Leases

Leases with an initial term of 12 months or less are not recorded on the balance sheet. We recognize lease expense for short-term leases on a straight-line basis over the lease term.

Impairment of Goodwill and Other Intangible Assets

Impairment of Goodwill and Other Intangible Assets

Derivative Financial Instruments

Derivative Financial Instruments

Income Taxes

Income Taxes

Pension and Postretirement Obligations

Pension and Postretirement Obligations

Insurance Liabilities

Insurance Liabilities

Treasury Stock Retirement

Treasury Stock Retirement

Foreign Currency Translation

Foreign Currency Translation

Recent Accounting Pronouncements

Recently Adopted Accounting Pronouncements

Recent Accounting Pronouncements Not Yet Adopted

All recently issued accounting pronouncements are not expected to have a material effect on the consolidated financial statements.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Feb. 01, 2020

Significant Accounting Policies [Line Items]

Activity of Gift Card Liability Balance

The table below presents the activity of our gift card liability balance:



	2019		2018
	($ in millions)
Gift card liability at beginning of year	$	35	$	38
Redemptions		(105)		(96)
Cumulative catch-up adjustment to retained earnings from the adoption of Topic 606		—		(4)
Breakage recognized in sales		(7)		(6)
Activations		112		104
Foreign currency fluctuations		—		(1)
Gift card liability at end of year	$	35	$	35

Computation of Basic and Diluted Earnings Per Share


	2019		2018		2017
	(in millions, except per share data)
Net Income	$	491	$	541	$	284

Weighted-average common shares outstanding		108.7		115.6		127.2
Dilutive effect of potential common shares		0.4		0.5		0.7
Weighted-average common shares outstanding assuming dilution		109.1		116.1		127.9

Earnings per share - basic	$	4.52	$	4.68	$	2.23
Earnings per share - diluted	$	4.50	$	4.66	$	2.22

Anti-dilutive share-based awards excluded from diluted calculation		2.2		1.9		1.6

Reconciliation of Cash and Cash Equivalents

The following table provides the reconciliation of cash, cash equivalents, and restricted cash, as reported on our consolidated statements of cash flows.


	2019		2018		2017
	($ in millions)
Cash and cash equivalents ⁽¹⁾	$	907	$	891	$	849
Restricted cash included in other current assets ⁽²⁾		6		59		1
Restricted cash included in other non-current assets ⁽²⁾		29		31		181
Cash, cash equivalents, and restricted cash	$	942	$	981	$	1,031

(1)	Includes cash equivalents of $878 million, $834 million, and $780 million for the year ended February 1, 2020, February 2, 2019, and February 3, 2018, respectively.

(2)

Estimated Useful Lives

Depreciation and amortization are computed on a straight-line basis over the following estimated useful lives:

Buildings

Advertising Expense [Member]

Significant Accounting Policies [Line Items]

Costs Included as Component of Selling, General and Administrative Expenses

Advertising costs, including digital advertising, which are included as a component of SG&A, were as follows:


	2019		2018		2017
	($ in millions)
Advertising expenses ⁽¹⁾	$	91	$	111	$	108
Digital advertising expenses		95		96		96
Cooperative advertising reimbursements		(20)		(25)		(20)
Net advertising expense	$	166	$	182	$	184

Catalog Expense [Member]

Significant Accounting Policies [Line Items]

Costs Included as Component of Selling, General and Administrative Expenses

Catalog costs, which are included as a component of SG&A, were as follows:


	2019		2018		2017
	($ in millions)
Catalog costs	$	15	$	18	$	19
Cooperative reimbursements		—		—		(2)
Net catalog expense	$	15	$	18	$	17

Segment Information (Tables)

12 Months Ended

Feb. 01, 2020

Segment Information [Abstract]

Sales and Division Operating Results for Reportable Segments


	2019		2018		2017
	($ in millions)
Division profit ⁽¹⁾	$	738	$	789	$	810
Less: Other charges ⁽²⁾		15		18		191
Less: Corporate expense ⁽³⁾		74		72		48
Income from operations		649		699		571
Interest income, net		11		9		2
Other income, net		12		5		5
Income before income taxes	$	672	$	713	$	578

(1)	Included in the results for 2019, 2018, and 2017, are impairment charges of $50 million, $19 million, and $20 million, respectively. See Note 3, Impairment and Other Charges for additional information.

(2)

(3)

Disaggregation of Revenue


	2019		2018		2017
	($ in millions)
Sales
Stores	$	6,720	$	6,714	$	6,673
Direct-to-customers		1,285		1,225		1,109
Total sales	$	8,005	$	7,939	$	7,782

Sales and Long-Lived Asset Information by Geographic Area


	2019		2018		2017
		($ in millions)
Sales by Geography
United States	$	5,691	$	5,647	$	5,532
International		2,314		2,292		2,250
Total sales	$	8,005	$	7,939	$	7,782

Long-Lived Assets
United States	$	2,479	$	602	$	607
International		1,244		234		259
Total long-lived assets	$	3,723	$	836	$	866

Segment Information

Impairment and Other Charges (Tables)

12 Months Ended

Feb. 01, 2020

Impairment and Other Charges [Abstract]

Schedule of Impairment and Other Charges


	2019		2018		2017
	($ in millions)
Impairment of long-lived assets	$	37	$	4	$	20
Lease termination costs		13		—		—
Impairment of investments		11		—		—
Pension litigation related charges		4		18		178
Other intangible asset impairments		—		15		—
Reorganization costs		—		—		13
Total impairment and other charges	$	65	$	37	$	211

Merchandise Inventories (Tables)

12 Months Ended

Feb. 01, 2020

Merchandise Inventories [Abstract]

Schedule of Merchandise Inventories


	February 1, 2020		February 2, 2019
	($ in millions)
LIFO inventories	$	810	$	838
FIFO inventories		398		431
Total merchandise inventories	$	1,208	$	1,269

Other Current Assets (Tables)	12 Months Ended
Other Current Assets (Tables)	Feb. 01, 2020
Other Current Assets [Abstract]
Schedule of Other Current Assets

Property and Equipment, Net (Tables)

12 Months Ended

Feb. 01, 2020

Property and Equipment, Net [Abstract]

Schedule of Property and Equipment


	February 1, 2020		February 2, 2019
	($ in millions)
Land	$	4	$	4
Buildings:
Owned		54		46
Furniture, fixtures, equipment and software development costs:
Owned		1,203		1,177
		1,261		1,227
Less: accumulated depreciation		(818)		(785)
		443		442
Alterations to leased and owned buildings:
Cost		937		926
Less: accumulated amortization		(556)		(532)
		381		394
	$	824	$	836

Other Intangible Assets, Net (Tables)

12 Months Ended

Feb. 01, 2020

Goodwill and Other Intangible Assets, Net [Abstract]

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


		February 1, 2020							February 2, 2019
	Gross		Accum.		Net		Life in	Gross		Accum.		Net
($ in millions)	value		amort.		value		Years ⁽²⁾	value		amort.		value
Amortized intangible assets: ⁽¹⁾
Lease acquisition costs	$	115	$	(108)	$	7	9.8	$	120	$	(111)	$	9
Trademarks / trade names		20		(16)		4	20.0		20		(15)		5
Favorable leases		—		—		—	—		7		(6)		1
	$	135	$	(124)	$	11	14.6	$	147	$	(132)	$	15

Indefinite life intangible assets: ⁽¹⁾
Trademarks / trade names					$	9						$	9
Other intangible assets, net					$	20						$	24

(1)	The change in the ending balances also reflect the effect of foreign currency fluctuations due primarily to the movements of the euro in relation to the U.S. dollar.

(2)	Represents the weighted-average useful life as of February 1, 2020 and excludes those assets that are fully amortized.

Amortization Expense

Amortization expense recorded is as follows:



($ in millions)	2019		2018		2017
Amortization expense	$	3	$	4	$	4

Estimated Future Expected Amortization Expense for Finite Life Intangible Assets

Estimated future amortization expense for finite lived intangibles for the next five years is as follows:


	($ in millions)
2020	$	3
2021		2
2022		2
2023		2
2024		1

Other Assets (Tables)

12 Months Ended

Feb. 01, 2020

Other Assets [Abstract]

Schedule of Other Assets


	February 1, 2020		February 2, 2019
	($ in millions)
Minority investments	$	142	$	104
Restricted cash		29		31
Pension asset		3		7
Auction rate security		7		6
Other		42		50
	$	223	$	198

Accrued and Other Liabilities (Tables)

12 Months Ended

Feb. 01, 2020

Accrued and Other Liabilities [Abstract]

Schedule of Accrued and Other Liabilities


	February 1, 2020		February 2, 2019
	($ in millions)
Other payroll and payroll related costs, excluding taxes	$	64	$	70
Taxes other than income taxes		57		64
Customer deposits		43		41
Property and equipment ⁽¹⁾		40		26
Incentive bonuses		28		41
Advertising		21		37
Income taxes payable		4		5
Other		86		93
	$	343	$	377

(1)	Accruals for property and equipment are excluded from the Statements of Cash Flows for all years presented.

Long-Term Debt (Tables)

12 Months Ended

Feb. 01, 2020

Long-Term Debt [Abstract]

Schedule of Debt


	February 1, 2020		February 2, 2019
	($ in millions)
8.5% debentures payable January 2022	$	118	$	118
Unamortized gain related to interest rate swaps ⁽¹⁾		4		6
	$	122	$	124

(1)	In 2009, we terminated an interest rate swap at a gain. This gain is being amortized as part of interest expense over the remaining term of the debt using the effective-yield method.

Other Liabilities (Tables)

12 Months Ended

Feb. 01, 2020

Other Liabilities [Abstract]

Other Liabilities


	February 1, 2020		February 2, 2019
	($ in millions)
Pension benefits	$	61	$	99
Income taxes		32		29
Postretirement benefits		10		11
Workers’ compensation and general liability reserves		8		7
Deferred taxes		2		6
Straight-line rent liability ⁽¹⁾		—		265
Other		9		9
	$	122	$	426

(1)	Upon the adoption of the new lease standard, the straight-line rent liability was reclassified into the right-of-use asset. At February 2, 2019, this balance included unamortized tenant allowances of $66 million.

Leases (Tables)

12 Months Ended

Feb. 01, 2020

Leases [Abstract]

Summary of amounts recognized in Condensed Consolidated Balance Sheet related to operating leases


	($ in millions)
Assets
Operating lease right-of-use assets	$	2,899

Liabilities
Current
Operating lease liabilities		518
Noncurrent
Operating lease liabilities		2,678
Total lease liabilities	$	3,196

Summary of other information related to operating leases

Other information related to operating leases as of February 1, 2020 consisted of the following:




Weighted average remaining lease term (years)	7.3
Weighted average discount rate	5.4	%

Summary of components of lease cost


	($ in millions)
Operating lease costs	$	668
Variable lease costs		332
Short-term lease costs		23
Sublease income		(1)
Net lease cost	$	1,022

Summary of supplemental cash flow information related to leases

Supplemental cash flow information related to leases for the year ended February 1, 2020 was as follows:

($ in millions)

Summary of maturities of lease liabilities

Maturities of lease liabilities as of February 1, 2020 are as follows:


	($ in millions)
2020	$	673
2021		622
2022		563
2023		491
2024		411
Thereafter		1,129
Total lease payments		3,889
Less: Interest		693
Total lease liabilities	$	3,196

Summary of estimated future minimum non-cancellable lease commitments

As of February 2, 2019, the estimated future minimum non-cancellable lease commitments were as follows:


	($ in millions)
2019	$	672
2020		631
2021		583
2022		527
2023		456
Thereafter		1,408
Total operating lease commitments	$	4,277

Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Feb. 01, 2020

Accumulated Other Comprehensive Loss [Abstract]

Accumulated Other Comprehensive Loss

AOCL, net of tax, is comprised of the following:


	2019		2018		2017
	($ in millions)
Foreign currency translation adjustments	$	(104)	$	(84)	$	(9)
Cash flow hedges		(3)		—		—
Unrecognized pension cost and postretirement benefit		(287)		(286)		(270)
	$	(394)	$	(370)	$	(279)

Changes in Accumulated Other Comprehensive Loss

The changes in AOCL for the year ended February 1, 2020 were as follows:


	Foreign				Items Related
	Currency				to Pension and
	Translation		Cash Flow		Postretirement
($ in millions)	Adjustments		Hedges		Benefits		Total
Balance as of February 2, 2019	$	(84)	$	—	$	(286)	$	(370)

OCI before reclassification		(20)		(3)		—		(23)
Amortization of pension actuarial loss, net of tax		—		—		8		8
Pension remeasurement, net of tax		—		—		(9)		(9)
Other comprehensive income		(20)		(3)		(1)		(24)
Balance as of February 1, 2020	$	(104)	$	(3)	$	(287)	$	(394)

Reclassification from Accumulated Other Comprehensive Loss

Reclassifications to income from AOCL for the year ended February 1, 2020 were as follows:


	($ in millions)
Amortization of actuarial (gain) loss:
Pension benefits- amortization of actuarial loss	$	12
Postretirement benefits- amortization of actuarial gain		(1)
Net periodic benefit cost (see Note 20)		11
Income tax benefit		(3)
Total, net of tax	$	8

Income Taxes (Tables)

12 Months Ended

Feb. 01, 2020

Income Taxes [Abstract]

Domestic and International Pre-Tax Income

The domestic and international components of pre-tax income are as follows:


	2019		2018		2017
	($ in millions)
Domestic	$	591	$	629	$	432
International		81		84		146
Total pre-tax income	$	672	$	713	$	578

Income Tax Provision

The income tax provision consists of the following:


	2019		2018		2017
Current:	($ in millions)
Federal	$	106	$	91	$	129
State and local		39		42		18
International		31		30		42
Total current tax provision		176		163		189
Deferred:
Federal		(1)		(4)		98
State and local		—		1		5
International		6		12		2
Total deferred tax provision		5		9		105
Total income tax provision	$	181	$	172	$	294

Reconciliation of Significant Differences between Federal Statutory Income Tax Rate and Effective Income Tax Rate on Pre-Tax Income from Continuing Operations

A reconciliation of the significant differences between the federal statutory income tax rate and the effective income tax rate on pre-tax income is as follows:


	2019		2018		2017
Federal statutory income tax rate ⁽¹⁾	21.0	%	21.0	%	33.7	%
Deemed repatriation tax	—		(2.7)		17.1
Increase in valuation allowance	1.0		2.4		1.6
State and local income taxes, net of federal tax benefit	4.5		4.7		2.0
International income taxed at varying rates	1.9		1.6		(2.3)
Foreign tax credits	(2.0)		(2.1)		(2.6)
Domestic/foreign tax settlements	—		(0.7)		(0.2)
Federal tax credits	(0.2)		(0.2)		(0.2)
Other, net	0.8		0.1		1.7
Effective income tax rate	27.0	%	24.1	%	50.8	%

(1)	In accordance with Section 15 of the Internal Revenue Code, the tax rate for 2017 represented a blended rate of 33.7 percent, calculated by applying a prorated percentage of the number of days prior to and subsequent to the January 1, 2018 effective date.

Significant Portions of Deferred Tax Accounts

Items that give rise to significant portions of our deferred tax assets and liabilities are as follows:2019

Unrecognized Tax Benefits Activity


	2019		2018		2017
	($ in millions)
Unrecognized tax benefits at beginning of year	$	34	$	44	$	38
Foreign currency translation adjustments		(1)		(3)		4
Increases related to current year tax positions		3		2		3
Increases related to prior period tax positions		12		9		1
Decreases related to prior period tax positions		—		(13)		—
Settlements		(2)		(3)		(1)
Lapse of statute of limitations		(1)		(2)		(1)
Unrecognized tax benefits at end of year	$	45	$	34	$	44

Financial Instruments and Risk Management (Tables)

12 Months Ended

Feb. 01, 2020

Financial Instruments and Risk Management [Abstract]

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

The following is presented on a gross basis, by type of contract:


	Balance Sheet	February 1,		February 2,
($ in millions)	Caption	2020		2019
Hedging Instruments:
Foreign exchange forward contracts	Current liabilities	$	4	$	1

Notional Amounts for Outstanding Derivatives and Weighted-Average Exchange Rates of Foreign Exchange Forward Contracts

The table below presents the notional amounts for all outstanding derivatives and the weighted-average exchange rates of foreign exchange forward contracts at February 1, 2020:


		Contract Value	Weighted-Average
		($ in millions)	Exchange Rate
Inventory
Buy €/Sell British £	$	92	0.8847

Intercompany
Buy US $/Sell CAD $	$	1	1.3167

Fair Value Measurements (Tables)

12 Months Ended

Feb. 01, 2020

Fair Value Measurements [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and Liabilities Measured at Fair Value on a Recurring Basis


	As of February 1, 2020						As of February 2, 2019
	($ in millions)
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets
Available-for-sale security		—		7		—		—		6		—
Total Assets	$	—	$	7	$	—	$	—	$	6	$	—

Liabilities
Foreign exchange forward contracts		—		4		—		—		1		—
Total Liabilities	$	—	$	4	$	—	$	—	$	1	$	—

Carrying Value and Estimated Fair Value of Long-Term Debt


	February 1, 2020		February 2, 2019
	($ in millions)
Carrying value	$	122	$	124
Fair value	$	135	$	136

Retirement Plans and Other Benefits (Tables)

12 Months Ended

Feb. 01, 2020

Defined Benefit Plan Disclosure [Line Items]

Changes in Benefit Obligations and Plan Assets, Funded Status, and Amounts Recognized in Consolidated Balance Sheets

The following tables set forth the plans’ changes in benefit obligations and plan assets, funded status, and amounts recognized in the Consolidated Balance Sheets:Pension Benefits

Retirement Plans Amounts recognized in accumulated other comprehensive loss, pre-tax [Table Text Block]


	Pension Benefits				Postretirement Benefits
	2019		2018		2019		2018
Amounts recognized in accumulated other
comprehensive loss, pre-tax:
Net loss (gain)	$	392	$	391	$	(5)	$	(6)
Prior service cost		—		1		—		—
	$	392	$	392	$	(5)	$	(6)

Information for Pension Plans with Accumulated Benefit Obligation in Excess of Plan Assets

Accordingly, the table below reflects both the U.S. qualified plan and the non-qualified plans for both 2019 and 2018.2019

Changes in Accumulated Other Comprehensive Loss (Pre-Tax)

The following tables set forth the changes in AOCL (pre-tax) at February 1, 2020:

Pension

Assumptions Used in the Calculation of Net Benefit Cost

Assumptions used in the calculation of net benefit cost include the discount rate selected and disclosed at the end of the previous year, as well as other assumptions detailed in the table below:


	Pension Benefits						Postretirement Benefits
	2019		2018		2017		2019		2018		2017
Discount rate ⁽¹⁾	4.0	%	4.0	%	4.0	%	4.1	%	3.7	%	4.0	%
Rate of compensation increase	3.6	%	3.6	%	3.6	%
Expected long-term rate of return on assets	5.8	%	5.9	%	5.8	%

(1)	The U.S qualified pension plan was remeasured during the second quarter of 2018 in connection with the pension litigation. The discount rate used to determine the benefit obligation in 2018 before the remeasurement was 3.7%.

Net Benefit Expense (Income)

The following are the components of net periodic pension benefit cost and net periodic postretirement benefit income.


	Pension Benefits						Postretirement Benefits
	2019		2018		2017		2019		2018		2017

Service cost	$	20	$	18	$	17	$	—	$	—	$	—
Interest cost		27		29		25		—		—		1
Expected return on plan assets		(37)		(38)		(37)		—		—		—
Amortization of net loss (gain)		12		12		13		(1)		(1)		(2)
Net benefit expense (income)	$	22	$	21	$	18	$	(1)	$	(1)	$	(1)

Assumed Health Care Cost Trend Rates Related to Measurement of SERP Medical Plan

The following initial and ultimate cost trend rate assumptions were used to determine the benefit obligations under the SERP Medical Plan:


	Medical Trend Rate						Dental Trend Rate
	2019		2018		2017		2019		2018		2017
Initial cost trend rate	6.5	%	6.5	%	7.0	%	5.0	%	5.0	%	5.0	%
Ultimate cost trend rate	5.0	%	5.0	%	5.0	%	5.0	%	5.0	%	5.0	%
Year that the ultimate cost trend rate is reached	2025		2025		2025		2020		2019		2018

The following initial and ultimate cost trend rate assumptions were used to determine the net periodic cost under the SERP Medical Plan:


	Medical Trend Rate						Dental Trend Rate
	2019		2018		2017		2019		2018		2017
Initial cost trend rate	6.5	%	7.0	%	7.0	%	5.0	%	5.0	%	5.0	%
Ultimate cost trend rate	5.0	%	5.0	%	5.0	%	5.0	%	5.0	%	5.0	%
Year that the ultimate cost trend rate is reached	2025		2025		2021		2019		2018		2017

Effect of One Percentage-Point Change in Assumed Health Care Cost Trend Rates

A one percentage-point change in the assumed health care cost trend rates would have the following effects on the SERP Medical Plan:

Estimated Future Benefit Payments

Estimated future benefit payments for each of the next five years and the five years thereafter are as follows:


	Pension		Postretirement
	Benefits		Benefits
	($ in millions)
2020	$	103	$	1
2021		52		1
2022		52		1
2023		49		—
2024		46		—
2025-2029		211		2

United States

Defined Benefit Plan Disclosure [Line Items]

Fair Value of Pension Plan Assets

The fair values of the Company’s U.S. pension plan assets at February 1, 2020 and February 2, 2019 were as follows:


	Level 1		Level 2		Level 3		2019 Total		2018 Total*
	($ in millions)
Cash equivalents	$	—	$	3	$	—	$	3	$	3
Equity securities:
U.S. large-cap ⁽¹⁾		—		116		—		116		106
U.S. mid-cap ⁽¹⁾		—		34		—		34		32
International ⁽²⁾		—		78		—		78		72
Corporate stock ⁽³⁾		15		—		—		15		22
Fixed-income securities:
Long duration corporate and government bonds ⁽⁴⁾		—		273		—		273		234
Intermediate duration corporate and government bonds ⁽⁵⁾		—		121		—		121		104
Other types of investments:
Real estate securities ⁽⁶⁾		—		23		—		23		20
Insurance contracts		—		1		—		1		—
Total assets at fair value	$	15	$	649	$	—	$	664	$	593

*	Each category of plan assets is classified within the same level of the fair value hierarchy for 2019 and 2018.

(1)	These categories consist of various managed funds that invest primarily in common stocks, as well as other equity securities and a combination of other funds.

(2)	This category comprises three managed funds that invest primarily in international common stocks, as well as other equity securities and a combination of other funds.

(3)	This category consists of the Company’s common stock.

(4)	This category consists of various fixed-income funds that invest primarily in long-term bonds, as well as a combination of other funds, that together are designed to exceed the performance of related long-term market indices.

(5)	This category consists of two fixed-income funds that invest primarily in intermediate duration bonds, as well as a combination of other funds, that together are designed to exceed the performance of related indices.

(6)	This category consists of one fund that invests in global real estate securities.

CANADA

Defined Benefit Plan Disclosure [Line Items]

Fair Value of Pension Plan Assets

The fair values of the Canadian pension plan assets at February 1, 2020 and February 2, 2019 were as follows:


	Level 1		Level 2		Level 3		2019 Total		2018 Total*
	($ in millions)
Cash equivalents	$	—	$	1	$	—	$	1	$	1
Equity securities:
Canadian and international ⁽¹⁾		2		—		—		2		3
Fixed-income securities:
Cash matched bonds ⁽²⁾		—		48		—		48		47
Total assets at fair value	$	2	$	49	$	—	$	51	$	51

*	Each category of plan assets is classified within the same level of the fair value hierarchy for 2019 and 2018.

(1)	This category comprises one mutual fund that invests primarily in a diverse portfolio of Canadian securities.

(2)	This category consists of fixed-income securities, including strips and coupons, issued or guaranteed by the Government of Canada, provinces or municipalities of Canada including their agencies and crown corporations, as well as other governmental bonds and corporate bonds.

Benefit Obligations [Member]

Defined Benefit Plan Disclosure [Line Items]

Assumptions Used in the Calculation of Net Benefit Cost

The following weighted-average assumptions were used to determine the benefit obligations under the plans:


	Pension Benefits				Postretirement Benefits
	2019		2018		2019		2018
Discount rate	2.9	%	4.0	%	3.0	%	4.1	%
Rate of compensation increase	3.6	%	3.6	%

Share-Based Compensation (Tables)

12 Months Ended

Feb. 01, 2020

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 our share-based compensation plans, were as follows:


	2019		2018		2017
	($ in millions)
Options and shares purchased under the ESPP	$	6	$	7	$	9
Restricted stock and restricted stock units		12		15		6
Total share-based compensation expense	$	18	$	22	$	15

Tax benefit recognized	$	2	$	3	$	4

Assumptions used to Compute Share-Based Compensation Expense

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



	Stock Option Plans									Stock Purchase Plan
	2019			2018			2017			2019			2018			2017
Weighted-average risk free rate of interest		2.2	%		2.7	%		2.1	%		2.2	%		2.0	%		1.0	%
Expected volatility		38	%		37	%		25	%		54	%		50	%		30	%
Weighted-average expected award life (in years)		5.5			5.5			5.4			1.0			1.0			1.0
Dividend yield		2.6	%		3.1	%		1.9	%		3.1	%		2.0	%		2.0	%
Weighted-average fair value	$	17.07		$	12.42		$	14.74		$	16.68		$	15.29		$	10.96

Options Granted under Stock Option Plans

The information set forth in the following table covers options granted under the Company’s stock option plans:


		Weighted-		Weighted-
	Number	Average		Average
	of	Remaining		Exercise
	Shares	Contractual Life		Price
	(in thousands)	(in years)		(per share)
Options outstanding at the beginning of the year	2,861			$	52.34
Granted	321				58.65
Exercised	(171)				26.97
Expired or cancelled	(130)				59.79
Options outstanding at February 1, 2020	2,881		5.7	$	54.21
Options exercisable at February 1, 2020	2,162		4.8	$	53.70

Total Intrinsic Value of Options Exercised


	2019		2018		2017
	($ in millions)
Exercised	$	5	$	4	$	22

Aggregate Intrinsic Value for Stock Options Outstanding and Exercisable


	2019
	($ in millions)
Outstanding	$	5
Outstanding and exercisable	$	4

Information about Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable at February 1, 2020:


	Options Outstanding				Options Exercisable
		Weighted-
		Average	Weighted-			Weighted-
		Remaining	Average			Average
Range of Exercise	Number	Contractual	Exercise		Number	Exercise
Prices	Outstanding	Life	Price		Exercisable	Price
	(in thousands, except prices per share and contractual life)
$9.85 to $18.84	126	1.1	$	18.60	126	$	18.60
$24.75 to $36.51	377	3.1		32.13	334		31.77
$44.78 to $45.75	567	6.3		44.91	348		44.99
$46.64 to $62.11	927	6.3		59.99	615		60.82
$63.33 to $73.21	884	6.4		68.57	739		67.75
	2,881	5.7	$	54.21	2,162	$	53.70

Restricted Share and Unit Activity

RSU activity is summarized as follows:


			Weighted-Average
	Number		Remaining		Weighted-Average
	of		Contractual		Grant Date
	Shares		Life		Fair Value
		(in thousands)		(in years)		(per share)
Nonvested at beginning of year		1,022			$	47.47
Granted ⁽¹⁾		306				58.48
Vested		(89)				60.54
Performance adjustment ⁽²⁾		(259)
Forfeited		(44)				52.81
Nonvested at February 1, 2020		936		1.3	$	49.25

Aggregate value ($ in millions)	$	46

(1)

(2)

This represents adjustments made to performance-based RSU awards and reflect changes in estimates based upon the Company’s current performance against predefined financial targets.

Quarterly Results (Unaudited) (Tables)

12 Months Ended

Feb. 01, 2020

Quarterly Results (Unaudited) [Abstract]

Quarterly Results (Unaudited)


	1^st Quarter	2^nd Quarter	3^rd Quarter	4^th Quarter	Fiscal Year

Sales
2019	2,078	1,774	1,932	2,221	$	8,005
2018	2,025	1,782	1,860	2,272	$	7,939
Gross margin ⁽¹⁾
2019	689	534	620	700	$	2,543
2018	666	539	588	735	$	2,528
Operating profit ⁽²⁾
2019	228	81	164	176	$	649
2018	224	112	144	219	$	699
Net income ^{(3), (4), (5)}
2019	172	60	125	134	$	491
2018	165	88	130	158	$	541
Basic earnings per share ⁽⁶⁾
2019	1.53	0.55	1.16	1.28	$	4.52
2018	1.39	0.76	1.14	1.40	$	4.68
Diluted earnings per share ⁽⁶⁾
2019	1.52	0.55	1.16	1.27	$	4.50
2018	1.38	0.75	1.14	1.39	$	4.66

(1)

Gross margin represents sales less cost of sales. Cost of sales includes: the cost of merchandise, freight, distribution costs including related depreciation expense, shipping and handling, occupancy and buyers’ compensation. Occupancy costs include rent (including fixed common area maintenance charges and other fixed non-lease components), real estate taxes, general maintenance, and utilities.

(2)	Operating profit represents income before income taxes, net interest income and non-operating income.

(3)	In connection with the pension plan reformation, we recorded charges of $1 million during each quarter of 2019. Related to the same matter, in 2018 we recorded charges of $12 million, $3 million, $2 million, and $1 million during the first, second, third, and fourth quarters of 2018, respectively.

(4)

During the fourth quarters of 2019 and 2018, we recorded impairment charges totaling $48 million and $19 million, respectively. In the second quarter of 2019, we recorded lease termination costs of $13 million related to the closing of SIX:02 locations. See Note 3, Impairment and Other Charges for additional information.

(5)	During second, third, and fourth quarters 2018, we recorded benefits of $1 million, $23 million, and $4 million, respectively, from the completion of the accounting for the Tax Act. See Note 17, Income Taxes for further information.

(6)	Quarterly income per share amounts may not total to the annual amount due to changes in weighted-average shares outstanding during the year.

Summary of Significant Accounting Policies (Narrative) (Details) shares in Thousands, $ in Millions		12 Months Ended
	Feb. 03, 2019 USD ($)	Feb. 01, 2020 USD ($) item shares	Feb. 02, 2019 USD ($) shares	Feb. 03, 2018 USD ($) shares
Significant Accounting Policies [Line Items]
Shares of common stock repurchased to satisfy tax withholding obligations		$ 2	$ 1	$ 10
Cumulative Effect on Retained Earnings, Net of Tax		$ (26)
Catalog Costs, amortization period		P90D
Contingently Issuable Shares Excluded From Diluted Earnings Per Share \| shares		500	900	200
Cash equivalents		$ 878	$ 834	$ 780
Qualified settlement fund, current			55
Investments		$ 137	94
Number of AFS securities \| item		1
Available-for-sale securities		$ 7
Investments		142	104
Capitalized software, net of accumulated amortization		80	80
Self-insured liabilities total		12	12
Operating Lease, Right-of-Use Asset	$ 3,148	2,899
Operating Lease, Liability	3,422	3,196
Operating Lease, Impairment Loss	$ 29	13
Accounting Standards Update 2016-16 [Member]
Significant Accounting Policies [Line Items]
Cumulative Effect on Retained Earnings, Net of Tax			37
Accounting Standards Update 2014-09 [Member]
Significant Accounting Policies [Line Items]
Cumulative Effect on Retained Earnings, Net of Tax			$ 4
Accounting Standards Update 2014-09 [Member] \| Revenue Recognition Timing Change
Significant Accounting Policies [Line Items]
Cumulative Effect on Retained Earnings, Net of Tax		1
Accounting Standards Update 2014-09 [Member] \| Gift Card Breakage
Significant Accounting Policies [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets		4
Cumulative Effect on Retained Earnings, Net of Tax		$ 3
Treasury Stock
Significant Accounting Policies [Line Items]
Retirement of treasury stock (in shares) \| shares		9,021	8,597	12,131
Retirement of treasury stock		$ 368	$ 400	$ 487
Retained Earnings
Significant Accounting Policies [Line Items]
Cumulative Effect on Retained Earnings, Net of Tax		(26)
Retirement of treasury stock		$ (302)	(339)	(403)
Retained Earnings \| Accounting Standards Update 2016-16 [Member]
Significant Accounting Policies [Line Items]
Cumulative Effect on Retained Earnings, Net of Tax			37
Retained Earnings \| Accounting Standards Update 2018-02 [Member]
Significant Accounting Policies [Line Items]
Cumulative Effect on Retained Earnings, Net of Tax				41
Retained Earnings \| Accounting Standards Update 2014-09 [Member]
Significant Accounting Policies [Line Items]
Cumulative Effect on Retained Earnings, Net of Tax			4
Accumulated Other Comprehensive Loss \| Accounting Standards Update 2018-02 [Member]
Significant Accounting Policies [Line Items]
Cumulative Effect on Retained Earnings, Net of Tax				(41)
Restricted Stock and Units [Member]
Significant Accounting Policies [Line Items]
Award vesting period		3 years
Additional award vesting period		1 year
Performance Shares [Member]
Significant Accounting Policies [Line Items]
Additional award vesting period		1 year
United States
Significant Accounting Policies [Line Items]
Qualified Settlement Fund				$ 150
Qualified settlement fund, current		$ 55
Employer's contribution			$ 97

Summary of Significant Accounting Policies - Gift Card Liability (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019
Disaggregation of Revenue [Line Items]
Accrued gift card liability at beginning of period	$ 35	$ 38
Cumulative catch-up adjustment to retained earnings from the adoption of Topic 606		(4)
Foreign currency fluctuations		(1)
Accrued gift card liability at end of period	35	35
Gift Card Activations [Member]
Disaggregation of Revenue [Line Items]
Activations	112	104
Gift Card Redemption Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue recognized	(105)	(96)
Gift Card Breakage Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue recognized	$ (7)	$ (6)

Summary of Significant Accounting Policies (Costs Included as Net Advertising Expenses) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Component Of Operating Other Cost And Expense [Line Items]
Required advertising costs for leased property		$ 14	$ 14
Advertising Expense [Member]
Component Of Operating Other Cost And Expense [Line Items]
Advertising expenses	$ 91	111	108
Digital advertising expense	95	96	96
Cooperative advertising reimbursements	(20)	(25)	(20)
Net advertising expense	$ 166	$ 182	$ 184

Summary of Significant Accounting Policies (Costs Included as Component of Selling, General and Administrative Expenses) (Details) - Catalog Expense [Member] - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Component Of Operating Other Cost And Expense [Line Items]
Catalog costs	$ 15	$ 18	$ 19
Cooperative reimbursements			(2)
Net catalog expense	$ 15	$ 18	$ 17

Summary of Significant Accounting Policies (Computation of Basic and Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Feb. 01, 2020	Nov. 02, 2019	Aug. 03, 2019	May 04, 2019	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income/(loss)	$ 134	$ 125	$ 60	$ 172	$ 158	$ 130	$ 88	$ 165	$ 491	$ 541	$ 284
Weighted-average common shares outstanding									108.7	115.6	127.2
Dilutive effect of potential common shares									0.4	0.5	0.7
Weighted-average common shares outstanding assuming dilution									109.1	116.1	127.9
Basic earnings per share (in dollars per shares)	$ 1.28	$ 1.16	$ 0.55	$ 1.53	$ 1.40	$ 1.14	$ 0.76	$ 1.39	$ 4.52	$ 4.68	$ 2.23
Diluted earnings per share (in dollars per share)	$ 1.27	$ 1.16	$ 0.55	$ 1.52	$ 1.39	$ 1.14	$ 0.75	$ 1.38	$ 4.50	$ 4.66	$ 2.22
Stock Option Plans [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive share-based awards excluded from diluted calculation									2.2	1.9	1.6

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

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+ Details

- Definition

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

+ References + Details

Summary of Significant Accounting Policies (Restricted Cash (Reconciliation of Cash and Cash Equivalents)) (Details) - USD ($) $ in Millions	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Restricted Cash [Abstract]
Cash and cash equivalents	$ 907	$ 891	$ 849
Restricted cash included in other current assets	6	59	1
Restricted cash included in other non-current assets	29	31	181
Cash, cash equivalents, and restricted cash	$ 942	$ 981	$ 1,031	$ 1,073

Summary of Significant Accounting Policies (Estimated Useful Lives) (Details)	12 Months Ended
	Feb. 01, 2020
Buildings
Property, Plant and Equipment [Line Items]
Estimated useful lives of the assets	50 years
Furniture, Fixtures and Equipment \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of the assets	10 years
Furniture, Fixtures and Equipment \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of the assets	3 years
Software
Property, Plant and Equipment [Line Items]
Estimated useful lives of the assets	7 years
Software \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of the assets	2 years

Segment Information (Narrative) (Details)	12 Months Ended
Segment Information (Narrative) (Details)	Feb. 01, 2020 segment
Segment Information [Abstract]
Operating segments	3
Number of reportable segments	1

Segment Information (Sales and Division Operating Results for Reportable Segments) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Feb. 01, 2020	Nov. 02, 2019	Aug. 03, 2019	May 04, 2019	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Segment Reporting Information [Line Items]
Division profit									$ 738	$ 789	$ 810
Less: Other charges									15	18	191
Less: Impairment and other charges									65	37	211
Less: Corporate expense									74	72	48
Income from operations	$ 176	$ 164	$ 81	$ 228	$ 219	$ 144	$ 112	$ 224	649	699	571
Interest income, net									11	9	2
Other income, net									12	5	5
Income before income taxes									672	713	578
Impairment charges	48		$ 13		19				48	19	20
Other intangible assets impairments										15
Impairment of long-lived assets									37	4	20
Pension litigation charge									(4)	(18)	(178)
Impairments of minority investments									11
Reorganization costs											13	$ 13
Operating Segments [Member]
Segment Reporting Information [Line Items]
Impairment charges									50	19	20
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Corporate expense due to allocation changes	$ 32				$ 40				$ 32	$ 40	$ 4

Segment Information (Schedule of Sales Disaggregated by Sales Channel) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Feb. 01, 2020	Nov. 02, 2019	Aug. 03, 2019	May 04, 2019	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Segment Reporting Information [Line Items]
Sales	$ 2,221	$ 1,932	$ 1,774	$ 2,078	$ 2,272	$ 1,860	$ 1,782	$ 2,025	$ 8,005	$ 7,939	$ 7,782
Store Sales Channel [Member]
Segment Reporting Information [Line Items]
Sales									6,720	6,714	6,673
Direct-to-customers
Segment Reporting Information [Line Items]
Sales									$ 1,285	$ 1,225	$ 1,109

Segment Information (Sales and Long-Lived Asset Information by Geographic Area) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Feb. 01, 2020	Nov. 02, 2019	Aug. 03, 2019	May 04, 2019	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Segment Reporting Information [Line Items]
Sales	$ 2,221	$ 1,932	$ 1,774	$ 2,078	$ 2,272	$ 1,860	$ 1,782	$ 2,025	$ 8,005	$ 7,939	$ 7,782
Long-lived assets	3,723				836				3,723	836	866
United States
Segment Reporting Information [Line Items]
Sales									5,691	5,647	5,532
Long-lived assets	2,479				602				2,479	602	607
International [Member]
Segment Reporting Information [Line Items]
Sales									2,314	2,292	2,250
Long-lived assets	$ 1,244				$ 234				$ 1,244	$ 234	$ 259

Segment Information (Schedule of Segment Information) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Segment Reporting Information [Line Items]
Depreciation and Amortization	$ 179	$ 178	$ 173
Capital Expenditures	187	187	274
Total Assets	6,589	3,820	3,961
Operating Segments [Member]
Segment Reporting Information [Line Items]
Depreciation and Amortization	160	160	157
Capital Expenditures	105	112	205
Total Assets	5,523	2,900	3,132
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and Amortization	19	18	16
Capital Expenditures	82	75	69
Total Assets	$ 1,066	$ 920	$ 829

Impairment and Other Charges (Schedule of Impairment and Other Charges) (Details) - USD ($) $ in Millions		12 Months Ended
	Feb. 03, 2019	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Impairment and Other Charges [Abstract]
Impairment of long-lived assets		$ 37	$ 4	$ 20
Lease termination costs	$ 29	13
Impairment of investments		11
Pension litigation related charges		4	18	178
Other intangible assets impairments			15
Reorganization costs				13	$ 13
Total impairment and other charges		$ 65	$ 37	$ 211

Impairment and Other Charges (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Impairment Of Assets [Line Items]
Pension litigation charge	$ (4)	$ (18)	$ (178)
Impairment of assets	37	4	20
Impairments of minority investments	11
Reorganization costs			13	$ 13
Other intangible assets impairments		15
Six02 [Member]
Impairment Of Assets [Line Items]
Lease termination costs	13
Store Fixtures and Leasehold Improvements [Member]
Impairment Of Assets [Line Items]
Impairment of assets		4	$ 20
Store Fixtures and Leasehold Improvements [Member] \| Footaction [Member]
Impairment Of Assets [Line Items]
Impairment of assets	$ 37
Trade Names [Member] \| Runners Point Group [Member]
Impairment Of Assets [Line Items]
Other intangible assets impairments		$ 15

Other Income (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
Other Income (Narrative) (Details) - USD ($) $ in Millions	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Other Income Non operating [Line Items]
Other income, net	$ 12	$ 5	$ 5
Royalty income	8	6	4
Gain from sale of property plant and equipment	4
Loss from equity method investments	(1)
Gain on available-for-sale security	1
Loss on available-for-sale security		1
Net benefit expense (income)	2	1
Leasehold improvements
Other Income Non operating [Line Items]
Lease termination gains related to the sales of leasehold interests		$ 1	$ 1
Buildings
Other Income Non operating [Line Items]
Gain from sale of property plant and equipment	$ 2

Merchandise Inventories (Schedule of Merchandise Inventories) (Details) - USD ($) $ in Millions	Feb. 01, 2020	Feb. 02, 2019
Merchandise Inventories [Abstract]
LIFO inventories	$ 810	$ 838
FIFO inventories	398	431
Inventory, Net, Total	$ 1,208	$ 1,269

Other Current Assets (Schedule of Other Current Assets) (Details) - USD ($) $ in Millions	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Other Current Assets [Abstract]
Net receivables	$ 100	$ 87
Prepaid rent	55	93
Prepaid income taxes	48	46
Other prepaid expenses	46	35
Deferred tax costs	9	10
Restricted cash	6	59	$ 1
Income taxes receivable	1	20
Other	6	8
Other current assets	$ 271	358
Qualified settlement fund		$ 55

Property and Equipment, Net (Schedule of Property and Equipment) (Details) - USD ($) $ in Millions	Feb. 01, 2020	Feb. 02, 2019
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,261	$ 1,227
Less: accumulated depreciation	(818)	(785)
Property plant and equipment excluding leasehold and building improvements	443	442
Property and equipment, net	824	836
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	4	4
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross	54	46
Furniture, Fixtures, Equipment and Software Development Costs
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,203	1,177
Leasehold and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	937	926
Less: accumulated depreciation	(556)	(532)
Property and equipment, net	$ 381	$ 394

Goodwill (Narrative) (Details) $ in Millions	12 Months Ended
Goodwill (Narrative) (Details) $ in Millions	Feb. 01, 2020 USD ($) item
Goodwill and Other Intangible Assets, Net [Abstract]
Number of reporting units \| item	3
Goodwill accumulated impairment charges \| $	$ 167

Other Intangible Assets, Net (Schedule of Other Intangible Assets) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value	$ 135	$ 147
Amortized intangible assets, Accum. amort.	(124)	(132)
Amortized intangible assets, Net value	$ 11	15
Amortized intangible assets, Wtd. Avg. Life in Years	14 years 7 months 6 days
Other intangible assets, net	$ 20	24
Lease Acquisition Costs [Member]
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value	115	120
Amortized intangible assets, Accum. amort.	(108)	(111)
Amortized intangible assets, Net value	$ 7	9
Amortized intangible assets, Wtd. Avg. Life in Years	9 years 9 months 18 days
Trademarks and Trade Names [Member]
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value	$ 20	20
Amortized intangible assets, Accum. amort.	(16)	(15)
Amortized intangible assets, Net value	$ 4	5
Amortized intangible assets, Wtd. Avg. Life in Years	20 years
Indefinite life intangible assets, Net Value	$ 9	9
Favorable Leases [Member]
Intangible Assets by Major Class [Line Items]
Amortized intangible assets, Gross value		7
Amortized intangible assets, Accum. amort.		(6)
Amortized intangible assets, Net value		$ 1

Other Intangible Assets, Net (Amortization Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Goodwill and Other Intangible Assets, Net [Abstract]
Amortization expense	$ 3	$ 4	$ 4

Other Intangible Assets, Net (Estimated Future Amortization Expense for Finite Lived Intangibles) (Details) $ in Millions	Feb. 01, 2020 USD ($)
Goodwill and Other Intangible Assets, Net [Abstract]
2020	$ 3
2021	2
2022	2
2023	2
2024	$ 1

Other Assets (Schedule of Other Assets) (Details) - USD ($) $ in Millions	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Other Assets [Abstract]
Minority investments	$ 142	$ 104
Restricted cash	6	59	$ 1
Restricted cash	29	31	$ 181
Pension asset	3	7
Auction rate security	7	6
Other	42	50
Other Assets, Noncurrent, Total	$ 223	$ 198

Accrued and Other Liabilities (Schedule of Accrued and Other Liabilities) (Details) - USD ($) $ in Millions	Feb. 01, 2020	Feb. 02, 2019
Accrued and Other Liabilities [Abstract]
Other payroll and payroll related costs, excluding taxes	$ 64	$ 70
Taxes other than income taxes	57	64
Customer deposits	43	41
Property and equipment	40	26
Incentive bonuses	28	41
Advertising	21	37
Income taxes payable	4	5
Other	86	93
Other Liabilities, Current, Total	$ 343	$ 377

Revolving Credit Facility (Narrative) (Details) - USD ($)	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Line of Credit Facility [Line Items]
Interest expense, net	$ 1,000,000	$ 1,000,000	$ 1,000,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit agreement start date	May 19, 2016
Revolving credit facility	$ 400,000,000
Revolving credit facility maturity date	May 19, 2021
Incremental facility available for credit facility	$ 200,000,000
Credit facility, covenant description	We are not required to comply with any financial covenants unless certain events of default have occurred and are continuing, or if availability under the 2016 Credit Agreement does not exceed the greater of $40 million and 10 percent of the Loan Cap (as defined in the 2016 Credit Agreement). There are no restrictions relating to the payment of dividends and share repurchases as long as no default or event of default has occurred and the aggregate principal amount of unused commitments under the 2016 Credit Agreement is not less than 15 percent of the lesser of the aggregate amount of the commitments and the Borrowing Base, determined as of the preceding fiscal month and on a proforma basis for the following six fiscal months.
Revolving Credit Facility [Member] \| 2016 Credit Agreement Member
Line of Credit Facility [Line Items]
Facility fees on unused portion of credit facility	0.20%
Revolving Credit Facility [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Credit facility, availability percentage as the lesser of Aggregate Commitments and Borrowing Base	15.00%
Minimum threshold of availability under the credit agreement before the company needs to comply with financial covenants	$ 40,000,000
Minimum percentage threshold of credit availability to Loan Cap before the company needs to comply with financial covenants	10.00%
Federal Funds Rate [Member] \| Revolving Credit Facility [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Debt, basis spread on variable rate	0.375%
Federal Funds Rate [Member] \| Revolving Credit Facility [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Debt, basis spread on variable rate	0.125%
London Interbank Offered Rate (LIBOR) [Member] \| Revolving Credit Facility [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Debt, basis spread on variable rate	1.375%
London Interbank Offered Rate (LIBOR) [Member] \| Revolving Credit Facility [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Debt, basis spread on variable rate	1.125%

Long-Term Debt (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019
Long-Term Debt [Abstract]
Interest rate of debentures (as a percent)	8.50%
Interest expense related to long-term debt	$ 8	$ 8

Long-Term Debt (Schedule of Long-Term Debt) (Details) - USD ($) $ in Millions	Feb. 01, 2020	Feb. 02, 2019
Long-Term Debt [Abstract]
8.5% debentures payable 2022	$ 118	$ 118
Unamortized gain related to interest rate swaps	4	6
Long-term Debt, Excluding Current Maturities, Total	$ 122	$ 124

Other Liabilities (Schedule of Other Liabilities) (Details) - USD ($) $ in Millions	Feb. 01, 2020	Feb. 02, 2019
Other Liabilities [Abstract]
Straight-line rent liability		$ 265
Pension benefits	$ 61	99
Income taxes	32	29
Postretirement benefits	10	11
Workers' compensation and general liability reserves	8	7
Deferred taxes	2	6
Other	9	9
Other Liabilities, Noncurrent, Total	$ 122	426
Unamortized tenant allowance		$ 66

Leases (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
Leases (Narrative) (Details) - USD ($) $ in Millions	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Schedule Of Operating Leases [Line Items]
Rental expense for operating leases		$ 750	$ 735
Minimum rentals		728	714
Variable lease costs	$ 332	27	26
Sublease income	$ 1	5	5
Certain executory costs related to leases		$ 147	$ 146
Minimum [Member]
Schedule Of Operating Leases [Line Items]
Operating lease period	5 years
Maximum [Member]
Schedule Of Operating Leases [Line Items]
Operating lease period	10 years
Future Undiscounted Lease Payments for Retail Stores [Member]
Schedule Of Operating Leases [Line Items]
Operating leases not yet commenced, future undiscounted lease payments	$ 35

Leases (Operating Lease) (Details) - USD ($) $ in Millions	Feb. 01, 2020	Feb. 03, 2019
Amounts recognized in the Condensed Consolidated Balance Sheet related to operating leases
Operating lease right-of-use assets	$ 2,899	$ 3,148
Current portion of lease obligations	518
Noncurrent: Operating lease liabilities	2,678
Total lease liabilities	$ 3,196	$ 3,422

Leases (Lease Cost) (Details) - USD ($) $ in Millions	12 Months Ended
Leases (Lease Cost) (Details) - USD ($) $ in Millions	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Components of lease cost
Operating lease costs	$ 668
Variable lease costs	332	$ 27	$ 26
Short-term lease costs	23
Sublease Income	(1)	$ (5)	$ (5)
Net lease cost	$ 1,022

Leases (Other and Supplement Cash Flow) (Details) $ in Millions	12 Months Ended
	Feb. 01, 2020 USD ($)
Leases [Abstract]
Weighted average remaining lease term (years)	7 years 3 months 18 days
Weighted average discount rate	5.40%
Cash paid for amounts included in measurement of operating lease liabilities:	$ 679
Right-of-use assets obtained in exchange for lease obligations:	$ 322

Leases (Future Minimum Lease Payments Under Non-Cancelable Operating Leases Net of Future Non-Cancelable Operating Sublease Payments) (Details) - USD ($) $ in Millions	Feb. 01, 2020	Feb. 03, 2019	Feb. 02, 2019
Maturities of lease liabilities
2020	$ 673
2021	622
2022	563
2023	491
2024	411
Thereafter	1,129
Total lease payments	3,889
Less: Interest	693
Total lease liabilities	$ 3,196	$ 3,422
Estimated future minimum noncancelable lease commitments
2019			$ 672
2020			631
2021			583
2022			527
2023			456
Thereafter			1,408
Total operating lease commitments			$ 4,277

Accumulated Other Comprehensive Loss (Schedule of Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Millions	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Accumulated Other Comprehensive Loss [Abstract]
Foreign currency translation adjustments	$ (104)	$ (84)	$ (9)
Cash flow hedges	(3)
Unrecognized pension cost and postretirement benefit	(287)	(286)	(270)
Accumulated other comprehensive loss ("AOCL"), net of tax	$ (394)	$ (370)	$ (279)

- Definition

Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains or losses.

+ References + Details

Accumulated Other Comprehensive Loss (Changes in Accumulated Other Comprehensive Loss) (Details) $ in Millions	12 Months Ended
	Feb. 01, 2020 USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ (370)
OCI before reclassification	(23)
Amortization of pension actuarial (gain)/loss, net of tax	8
Pension remeasurement, net of tax	(9)
Other comprehensive income	(24)
Ending Balance	(394)
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(84)
OCI before reclassification	(20)
Other comprehensive income	(20)
Ending Balance	(104)
Cash Flow Hedges Parent[Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
OCI before reclassification	(3)
Other comprehensive income	(3)
Ending Balance	(3)
Items Related to Pension and Postretirement Benefits [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(286)
Amortization of pension actuarial (gain)/loss, net of tax	8
Pension remeasurement, net of tax	(9)
Other comprehensive income	(1)
Ending Balance	$ (287)

Accumulated Other Comprehensive Loss (Reclassifications from Accumulated Other Comprehensive Loss) (Details) $ in Millions	12 Months Ended
	Feb. 01, 2020 USD ($)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net periodic benefit cost (see Note 20)	$ 11
Income tax benefit	(3)
Total, net of tax	8
Pension Benefits [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net periodic benefit cost (see Note 20)	12
Postretirement Benefits [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net periodic benefit cost (see Note 20)	$ (1)

Income Taxes (Narrative) (Details) - USD ($) $ in Millions		3 Months Ended				12 Months Ended			24 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Millions	Dec. 21, 2017	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	Feb. 03, 2018	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018	Feb. 01, 2020	Jan. 28, 2017
Income Taxes [Line Items]
Federal statutory income tax rate	35.00%					21.00%	21.00%	33.70%	21.00%
Tax Cuts and Jobs Act, Incomplete Accounting, Transition Tax for Accumulated Foreign Earnings, Provisional Income Tax Expense		$ 4	$ 23	$ 1	$ 99
Decrease in provision for accumulated foreign earnings, TCJA							$ 28
Undistributed foreign earnings						$ 704			$ 704
Valuation allowance		33				39	33		39
Valuation allowance excess of tax rate						2			2
Capital loss		1				2	1		2
International minimum tax credit carryforwards						4			4
Operating loss carryforwards Foreign						41			41
Gross unrecognized tax benefits		34			44	45	34	$ 44	45	$ 38
Net unrecognized tax benefits that would impact effective tax rate						34			34
Unrecognized tax benefits interest expense (income), net						1
Interest and penalties		$ 1			$ 0	2	$ 1	$ 0	2
Foreign Tax Authority [Member]
Income Taxes [Line Items]
Valuation allowance						36			36
Capital loss						1			1
Operating loss carryforwards Foreign						$ 6			$ 6

Income Taxes (Domestic and International Components of Pre-Tax Income) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Income Taxes [Abstract]
Domestic	$ 591	$ 629	$ 432
International	81	84	146
Total pre-tax income	$ 672	$ 713	$ 578

Income Taxes (Income Tax Provision) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Current:
Federal	$ 106	$ 91	$ 129
State and local	39	42	18
International	31	30	42
Total current tax provision	176	163	189
Deferred:
Federal	(1)	(4)	98
State and local		1	5
International	6	12	2
Deferred Income Tax Expense (Benefit), Total	5	9	105
Income Tax Expense (Benefit), Total	$ 181	$ 172	$ 294

Income Taxes (Reconciliation of Significant Differences Between Federal Statutory Income Tax Rate and Effective Income Tax Rate on Pre-Tax Income) (Details)		12 Months Ended			24 Months Ended
	Dec. 21, 2017	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018	Feb. 01, 2020
Income Taxes [Abstract]
Federal statutory income tax rate	35.00%	21.00%	21.00%	33.70%	21.00%
Deemed repatriation tax			(0.027)	0.171
Increase in valuation allowance		1.00%	2.40%	1.60%
State and local income taxes, net of federal tax benefit		4.50%	4.70%	2.00%
International income taxed at varying rates		1.90%	1.60%	(2.30%)
Foreign tax credits		(2.00%)	(2.10%)	(2.60%)
Domestic/foreign tax settlements			(0.70%)	(0.20%)
Federal tax credits		(0.20%)	(0.20%)	(0.20%)
Other, net		0.80%	0.10%	1.70%
Effective Income Tax Rate Reconciliation, Percent, Total		27.00%	24.10%	50.80%

Income Taxes (Significant Portions of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Millions	Feb. 01, 2020	Feb. 02, 2019
Deferred tax assets:
Tax loss/credit carryforwards and capital loss	$ 54	$ 39
Employee benefits	40	38
Property and equipment	30	35
Goodwill and other intangible assets	14	24
Operating leases - liabilities	844
Straight-line rent		47
Other	29	25
Total deferred tax assets	1,011	208
Valuation allowance	(39)	(33)
Total deferred tax assets, net	972	175
Deferred tax liabilities:
Merchandise inventories	86	77
Operating leases - assets	794
Other	13	17
Total deferred tax liabilities	893	94
Net deferred tax asset	79	81
Balance Sheet caption reported in:
Deferred taxes	81	87
Other liabilities	(2)	(6)
Net deferred tax asset	$ 79	$ 81

Income Taxes (Unrecognized Tax Benefits Activity) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Income Taxes [Abstract]
Unrecognized tax benefits at beginning of year	$ 34	$ 44	$ 38
Foreign currency translation adjustments	(1)	(3)	4
Increases related to current year tax positions	3	2	3
Increases related to prior period tax positions	12	9	1
Decreases related to prior period tax positions		(13)
Settlements	(2)	(3)	(1)
Lapse of statute of limitations	(1)	(2)	(1)
Unrecognized tax benefits at end of year	$ 45	$ 34	$ 44

Financial Instruments and Risk Management (Narrative) (Details) $ in Millions	12 Months Ended
	Feb. 01, 2020 USD ($) country	Feb. 02, 2019 USD ($)
Derivative [Line Items]
Notional value of contracts outstanding	$ 92	$ 117
Number of countries of operation \| country	27
Amount of hedge gain (loss) included in AOCL	$ 3
Derivatives Designated as Non-Hedging Instruments [Member] \| Forward Foreign Exchange Contracts [Member]
Derivative [Line Items]
Notional value of contracts outstanding	$ 1	$ 11
Maximum [Member] \| Derivatives Designated as Non-Hedging Instruments [Member] \| Forward Foreign Exchange Contracts [Member]
Derivative [Line Items]
Derivative contracts maturity date		2020-02
Top Five Suppliers [Member] \| Supplier Concentration Risk [Member]
Derivative [Line Items]
Concentration risk, percentage	91.00%
Nike \| Supplier Concentration Risk [Member]
Derivative [Line Items]
Concentration risk, percentage	71.00%
Nike \| Minimum [Member] \| Supplier Concentration Risk [Member]
Derivative [Line Items]
Concentration risk, percentage	43.00%
Nike \| Maximum [Member] \| Supplier Concentration Risk [Member]
Derivative [Line Items]
Concentration risk, percentage	77.00%
European \| Corporate [Member]
Derivative [Line Items]
Number of countries of operation \| country	20
Net assets	$ 487
Number of countries that uses the Euro as the functional currency \| country	11

Financial Instruments and Risk Management (Fair Value Derivative Contracts on Gross Basis by Type of Contract) (Details) - USD ($) $ in Millions	Feb. 01, 2020	Feb. 02, 2019
Forward Foreign Exchange Contracts [Member] \| Derivatives Designated as Hedging Instruments [Member] \| Current Liabilities [Member]
Derivative [Line Items]
Fair value of derivative hedging liability	$ 4	$ 1

Financial Instruments and Risk Management (Notional Amounts for All Outstanding Derivatives and Weighted-Average Exchange Rates of Foreign Exchange Forward Contracts (Details) $ in Millions	Feb. 01, 2020 USD ($)	Feb. 02, 2019 USD ($)
Derivative [Line Items]
Notional value of contracts outstanding	$ 92	$ 117
Inventories \| Buy Euro Sell British Pound Sterling [Member]
Derivative [Line Items]
Notional value of contracts outstanding	$ 92
Weighted-Average Exchange Rate	0.8847
Intercompany \| Buy Us Dollar Sell Canadian Dollar [Member]
Derivative [Line Items]
Notional value of contracts outstanding	$ 1
Weighted-Average Exchange Rate	1.3167

Fair Value Measurements (Assets and Liabilities Measured at Fair Value on Recurring Basis) (Details) - USD ($) $ in Millions	3 Months Ended			12 Months Ended
	Feb. 01, 2020	Aug. 03, 2019	Feb. 02, 2019	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Fair Value, Transfers Between Level 1 and Level 2, Description and Policy [Abstract]
Non-cash impairment charges	$ 48	$ 13	$ 19	$ 48	$ 19	$ 20
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount	0		0	0	0
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount	0		0	0	0
Fair Value, Liabilities, Level 1 to Level 2 Transfers, Amount	0		0	0	0
Fair Value, Liabilities, Level 2 to Level 1 Transfers, Amount	0		0	0	0
Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities measured at fair value on recurring basis
Level 1 [Member] \| Fair Value, Measurements, Recurring [Member] \| Available-for-sale Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis
Level 2 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis	7		6	7	6
Liabilities measured at fair value on recurring basis	4		1	4	1
Level 2 [Member] \| Fair Value, Measurements, Recurring [Member] \| Available-for-sale Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis	7		6	7	6
Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities measured at fair value on recurring basis
Level 3 [Member] \| Fair Value, Measurements, Recurring [Member] \| Available-for-sale Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on recurring basis
Forward Foreign Exchange Contracts [Member] \| Level 1 [Member] \| Fair Value, Measurements, Recurring [Member] \| Derivative Financial Instruments, Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities measured at fair value on recurring basis
Forward Foreign Exchange Contracts [Member] \| Level 2 [Member] \| Fair Value, Measurements, Recurring [Member] \| Derivative Financial Instruments, Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities measured at fair value on recurring basis	4		1	4	1
Forward Foreign Exchange Contracts [Member] \| Level 3 [Member] \| Fair Value, Measurements, Recurring [Member] \| Derivative Financial Instruments, Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities measured at fair value on recurring basis

Fair Value Measurements (Carrying Value and Estimated Fair Value of Long-Term Debt) (Details) - USD ($) $ in Millions	Feb. 01, 2020	Feb. 02, 2019
Fair Value Measurements [Abstract]
Long-term debt, Carrying value	$ 122	$ 124
Long-term debt, Fair value	$ 135	$ 136

Retirement Plans and Other Benefits (Narrative) (Details) - USD ($)			12 Months Ended
	Jan. 02, 2020	Jan. 01, 2020	Feb. 01, 2020	Dec. 31, 2019	Feb. 02, 2019	Feb. 03, 2018
Defined Benefit Plan Disclosure [Line Items]
Plan participants years of service threshold				11 years
Accumulated projected benefit obligation			$ 727,000,000		$ 696,000,000
Future increases in medical plan costs to be incurred by retirees			100.00%
SERP Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Accumulated projected benefit obligation			$ 10,000,000
Savings Plan
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan, employer matching contribution, percent of match	50.00%	100.00%		25.00%
Employer's matching vesting period		2 years		5 years
Employer's matching contribution			$ 4,000,000		$ 4,000,000
Eligible service to qualified savings plans			28 days		28 days
Defined Contribution Plan Employer Matching Contribution Period Of Service			1 year		1 year
Defined Contribution Plan Employer Matching Contribution Minimum Number of Working Hours Required			1000 hours		1000 hours
Defined Contribution Maximum Percentage of Compensation Matched By Company	5.00%	1.00%		4.00%
United States
Defined Benefit Plan Disclosure [Line Items]
Employer's contribution					$ 97,000,000
United States \| Savings Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Amount				$ 19,500
Puerto Rico Plan [Member] \| Savings Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Amount				$ 15,000
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension benefits paid			$ 85,000,000		$ 165,000,000
Discount rate, net periodic benefit costs			4.00%		4.00%	4.00%
Pension Benefits [Member] \| Nonqualified Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension benefits paid			$ 2,000,000
Pension Benefits [Member] \| United States \| Qualified Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Employer's contribution			55,000,000		$ 128,000,000
Market-related value of plan assets			$ 601,000,000		615,000,000
Pension Benefits [Member] \| Investment in Equity Securities [Member] \| United States \| Qualified Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Target composition of plan assets			36.50%
Pension Benefits [Member] \| Investment in Equity Securities [Member] \| CANADA \| Qualified Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Target composition of plan assets			5.00%
Pension Benefits [Member] \| Fixed Income Securities \| United States \| Qualified Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Target composition of plan assets			60.00%
Pension Benefits [Member] \| Fixed Income Securities \| CANADA \| Qualified Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Target composition of plan assets			95.00%
Pension Benefits [Member] \| Real Estate Investment Trust \| United States \| Qualified Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Target composition of plan assets			3.50%
Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension benefits paid			$ 2,000,000		$ 2,000,000
Discount rate, net periodic benefit costs			4.10%		3.70%	4.00%
Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Market-related value of plan assets, Period for calculation			3 years
Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Market-related value of plan assets, Period for calculation			5 years
Maximum [Member] \| Savings Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent				40.00%

Retirement Plans and Other Benefits (Changes in Benefit Obligations and Plan Assets, Funded Status, and Amounts Recognized in Consolidated Balance Sheets) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Change in benefit obligation
Benefit obligation at beginning of year	$ 696
Benefit obligation at end of year	727	$ 696
Change in plan assets
Fair value of plan assets at beginning of year	593
Fair value of plan assets at end of year	664	593
Amounts recognized on the balance sheet:
Other assets	3	7
Pension Benefits [Member]
Change in benefit obligation
Benefit obligation at beginning of year	739	683
Service cost	20	18	$ 17
Interest cost	27	29	25
Actuarial (gain) loss	76	(16)
Foreign currency translation adjustments	(1)	(4)
Plan reformation		194
Benefits paid	(85)	(165)
Settlement	(1)
Benefit obligation at end of year	775	739	683
Change in plan assets
Fair value of plan assets at beginning of year	644	697
Actual (loss) return on plan assets	100	(15)
Employer contributions	57	131
Foreign currency translation adjustments	(1)	(4)
Benefits paid	(85)	(165)
Fair value of plan assets at end of year	715	644	697
Funded status	(60)	(95)
Amounts recognized on the balance sheet:
Other assets	3	7
Accrued and other liabilities	(2)	(3)
Other liabilities	(61)	(99)
Amounts recognized on the Balance Sheet	(60)	(95)
Amounts recognized in accumulated other comprehensive loss, pre-tax:
Net loss (gain)	392	391
Prior service cost		1
Total amount recognized	392	392
Postretirement Benefits [Member]
Change in benefit obligation
Benefit obligation at beginning of year	12	15
Interest cost			1
Plan participants' contributions	1	1
Actuarial (gain) loss		(2)
Benefits paid	(2)	(2)
Benefit obligation at end of year	11	12	$ 15
Change in plan assets
Benefits paid	(2)	(2)
Funded status	(11)	(12)
Amounts recognized on the balance sheet:
Accrued and other liabilities	(1)	(1)
Other liabilities	(10)	(11)
Amounts recognized on the Balance Sheet	(11)	(12)
Amounts recognized in accumulated other comprehensive loss, pre-tax:
Net loss (gain)	(5)	(6)
Total amount recognized	$ (5)	$ (6)

Retirement Plans and Other Benefits (Information for Pension Plans with Accumulated Benefit Obligation in Excess of Plan Assets) (Details) - USD ($) $ in Millions	Feb. 01, 2020	Feb. 02, 2019
Retirement Plans and Other Benefits [Abstract]
Projected benefit obligation	$ 727	$ 696
Accumulated benefit obligation	727	696
Fair value of plan assets	$ 664	$ 593

Retirement Plans and Other Benefits (Changes in Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019
Pension Benefits [Member]
Schedule of Pension and Other Postretirement Benefits Recognized in Accumulated Other Comprehensive Income (Loss) [Line Items]
Net actuarial loss (gain) at beginning of year	$ 391
Amortization of net (loss) gain	(12)
Loss (gain) arising during the year	13
Net actuarial loss (gain) at end of year	392
Total amount recognized	392	$ 392
AOCL expected to be recognized as net periodic benefit cost (income)	12
Postretirement Benefits [Member]
Schedule of Pension and Other Postretirement Benefits Recognized in Accumulated Other Comprehensive Income (Loss) [Line Items]
Net actuarial loss (gain) at beginning of year	(6)
Amortization of net (loss) gain	1
Net actuarial loss (gain) at end of year	(5)
Total amount recognized	(5)	$ (6)
AOCL expected to be recognized as net periodic benefit cost (income)	$ (1)

Retirement Plans and Other Benefits (Weighted-Average Assumptions used to Determine Benefit Obligations and Net Benefit Cost) (Details)	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Pension Benefits [Member]
Schedule of Benefit Obligations Weighted Average Assumptions [Line Items]
Discount rate, net periodic benefit costs	4.00%	4.00%	4.00%
Rate of compensation increase, net periodic benefit costs	3.60%	3.60%	3.60%
Expected long-term rate of return on assets, net periodic benefit costs	5.80%	5.90%	5.80%
Discount rate, benefit obligation	2.90%	4.00%
Rate of compensation increase, benefit obligation	3.60%	3.60%
Postretirement Benefits [Member]
Schedule of Benefit Obligations Weighted Average Assumptions [Line Items]
Discount rate, net periodic benefit costs	4.10%	3.70%	4.00%
Discount rate, benefit obligation	3.00%	4.10%

Retirement Plans and Other Benefits (Net Benefit Expense (Income)) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Defined Benefit Plan Disclosure [Line Items]
Net benefit expense (income)	$ 2	$ 1
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	20	18	$ 17
Interest cost	27	29	25
Expected return on plan assets	(37)	(38)	(37)
Amortization of net loss (gain)	12	12	13
Net benefit expense (income)	22	21	18
Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost			1
Amortization of net loss (gain)	(1)	(1)	(2)
Net benefit expense (income)	$ (1)	$ (1)	$ (1)

Retirement Plans and Other Benefits (Assumed Health Care Cost Trend Rates Related to Measurement of SERP Medical Plan Obligations) (Details)	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Medical care \| Defined Benefit Obligations
Health Care Cost Trend Rates Assumptions [Line Items]
Initial cost trend rate	6.50%	6.50%	7.00%
Ultimate cost trend rate	5.00%	5.00%	5.00%
Year that the ultimate cost trend rate is reached	2025	2025	2025
Medical care \| Net Periodic Benefit Costs
Health Care Cost Trend Rates Assumptions [Line Items]
Initial cost trend rate	6.50%	7.00%	7.00%
Ultimate cost trend rate	5.00%	5.00%	5.00%
Year that the ultimate cost trend rate is reached	2025	2025	2021
Dental care \| Defined Benefit Obligations
Health Care Cost Trend Rates Assumptions [Line Items]
Initial cost trend rate	5.00%	5.00%	5.00%
Ultimate cost trend rate	5.00%	5.00%	5.00%
Year that the ultimate cost trend rate is reached	2020	2019	2018
Dental care \| Net Periodic Benefit Costs
Health Care Cost Trend Rates Assumptions [Line Items]
Initial cost trend rate	5.00%	5.00%	5.00%
Ultimate cost trend rate	5.00%	5.00%	5.00%
Year that the ultimate cost trend rate is reached	2019	2018	2017

Retirement Plans and Other Benefits (Effect of One Percentage-Point Change in Assumed Health Care Cost Trend Rates) (Details) - Supplemental Employee Retirement Plan [Member] $ in Millions	12 Months Ended
	Feb. 01, 2020 USD ($)
Assumed Health Care Cost Trend Rates, Effect of One Percentage Point Change [Line Items]
Effect on total service and interest cost components, 1% increase	$ 1
Effect on accumulated postretirement benefit obligation, 1% increase	2
Effect on total service and interest cost components, 1% (decrease)
Effect on accumulated postretirement benefit obligation, 1% (decrease)	$ (1)

Retirement Plans and Other Benefits (Estimated Future Benefit Payments) (Details) $ in Millions	Feb. 01, 2020 USD ($)
Pension Benefits [Member]
Schedule of Postemployment Expected Future Benefit Payments [Line Items]
2020	$ 103
2021	52
2022	52
2023	49
2024	46
2025-2029	211
Postretirement Benefits [Member]
Schedule of Postemployment Expected Future Benefit Payments [Line Items]
2020	1
2021	1
2022	1
2025-2029	$ 2

Share-Based Compensation (Narrative) (Details) - USD ($)	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018	Feb. 01, 2020	May 21, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, maximum percentage of employee salary				10.00%
Share-based compensation, maximum value permitted to purchase, per year				$ 25,000
Percentage of common stock fair market value on plan	85.00%
Proceeds from exercise of stock options	$ 5,000,000	$ 5,000,000	$ 13,000,000
Stock Option Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period description	Options for employees become exercisable in substantially equal annual installments over a three-year period, beginning with the first anniversary of the date of grant of the option, unless a shorter or longer duration is established at the time of the option grant.
Fair value of options vested	$ 6,000,000	8,000,000
Tax benefit realized from options exercised	1,000,000
Proceeds from exercise of stock options	$ 5,000,000
Restricted Stock and Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average expected award life (in years)	1 year
Award vesting period	3 years
Additional award vesting period	1 year
Fair value of awards	$ 5,000,000	$ 7,000,000	$ 15,000,000
Dividends	$ 0
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional award vesting period	1 year
Proceeds from exercise of stock options	$ 200,000
Performance Shares [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award, Target Percentage of Equity Awards Earned Over Performance Period	200.00%
Performance Shares [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award, Target Percentage of Equity Awards Earned Over Performance Period	0.00%
Nonvested Stock Options [Member] \| Stock Option Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost				3,000,000
Unrecognized compensation cost related to nonvested stock options, weighted-average period expected to be recognized	1 year 4 months 24 days
Nonvested Stock Options [Member] \| Restricted Stock and Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost				$ 20,000,000
2007 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized under plan					14,000,000
Share-based compensation, expiration period	10 years
Options available for future grant	7,476,896			7,476,896
Options available for future grant at end of period	7,476,896
2013 ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average expected award life (in years)	1 year	1 year	1 year
Shares authorized under plan				3,000,000
Shares purchased	96,451	48,196
Options available for future grant	2,379,218			2,379,218
Options available for future grant at end of period	2,379,218

Share-Based Compensation (Total Compensation Expense Included in SG&A and the Related Tax Benefits Recognized) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total share-based compensation expense	$ 18	$ 22	$ 15
Tax benefit recognized	2	3	4
Stock Option Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated share-based compensation expense	6	7	9
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated share-based compensation expense	$ 12	$ 15	$ 6

Share-Based Compensation (Assumptions Used to Compute Share-Based Compensation Expense) (Details) - $ / shares	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Stock Option Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average risk free rate of interest	2.20%	2.70%	2.10%
Expected volatility	38.00%	37.00%	25.00%
Weighted-average expected award life (in years)	5 years 6 months	5 years 6 months	5 years 4 months 24 days
Dividend yield	2.60%	3.10%	1.90%
Weighted-average fair value	$ 17.07	$ 12.42	$ 14.74
2013 ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average risk free rate of interest	2.20%	2.00%	1.00%
Expected volatility	54.00%	50.00%	30.00%
Weighted-average expected award life (in years)	1 year	1 year	1 year
Dividend yield	3.10%	2.00%	2.00%
Weighted-average fair value	$ 16.68	$ 15.29	$ 10.96

Share-Based Compensation (Options Granted Under Stock Option Plans) (Details) shares in Thousands	12 Months Ended
	Feb. 01, 2020 $ / shares shares
Number of Shares
Options outstanding at beginning of year \| shares	2,861
Granted \| shares	321
Exercised \| shares	(171)
Expired or cancelled \| shares	(130)
Options outstanding at end of period \| shares	2,881
Options exercisable at end of period \| shares	2,162
Weighted-Average Exercise Price
Options outstanding at beginning of year \| $ / shares	$ 52.34
Granted \| $ / shares	58.65
Exercised \| $ / shares	26.97
Expired or cancelled \| $ / shares	59.79
Options outstanding at end of period \| $ / shares	54.21
Options exercisable at end of period \| $ / shares	$ 53.70
Options outstanding, weighted-average remaining contractual life	5 years 8 months 12 days
Options exercisable at end of period, Weighted-average remaining contractual life	4 years 9 months 18 days

Share-Based Compensation (Total Intrinsic Value of Options Exercised) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Intrinsic value of stock options
Exercised	$ 5	$ 4	$ 22

Share-Based Compensation (Aggregate Intrinsic Value for Stock Options Outstanding and Exercisable) (Details) $ in Millions	Feb. 01, 2020 USD ($)
Share-Based Compensation [Abstract]
Outstanding	$ 5
Outstanding and exercisable	$ 4

Share-Based Compensation (Information about Stock Options Outstanding and Exercisable) (Details) - $ / shares shares in Thousands	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Number of Shares	2,881	2,861
Options outstanding, weighted-average remaining contractual life	5 years 8 months 12 days
Options Outstanding, Weighted-Average Exercise Price	$ 54.21	$ 52.34
Options Exercisable, Number of Shares	2,162
Options Exercisable, Weighted-Average Exercise Price	$ 53.70
$9.85 to $18.84 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit	9.85
Range of Exercise Prices, Upper Limit	$ 18.84
Options Outstanding, Number of Shares	126
Options outstanding, weighted-average remaining contractual life	1 year 1 month 6 days
Options Outstanding, Weighted-Average Exercise Price	$ 18.60
Options Exercisable, Number of Shares	126
Options Exercisable, Weighted-Average Exercise Price	$ 18.60
$24.75 to $34.75 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit	24.75
Range of Exercise Prices, Upper Limit	$ 36.51
Options Outstanding, Number of Shares	377
Options outstanding, weighted-average remaining contractual life	3 years 1 month 6 days
Options Outstanding, Weighted-Average Exercise Price	$ 32.13
Options Exercisable, Number of Shares	334
Options Exercisable, Weighted-Average Exercise Price	$ 31.77
$44.78 to $45.75 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit	44.78
Range of Exercise Prices, Upper Limit	$ 45.75
Options Outstanding, Number of Shares	567
Options outstanding, weighted-average remaining contractual life	6 years 3 months 18 days
Options Outstanding, Weighted-Average Exercise Price	$ 44.91
Options Exercisable, Number of Shares	348
Options Exercisable, Weighted-Average Exercise Price	$ 44.99
$46.64 to $62.11 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit	46.64
Range of Exercise Prices, Upper Limit	$ 62.11
Options Outstanding, Number of Shares	927
Options outstanding, weighted-average remaining contractual life	6 years 3 months 18 days
Options Outstanding, Weighted-Average Exercise Price	$ 59.99
Options Exercisable, Number of Shares	615
Options Exercisable, Weighted-Average Exercise Price	$ 60.82
$63.33 to $73.21 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit	63.33
Range of Exercise Prices, Upper Limit	$ 73.21
Options Outstanding, Number of Shares	884
Options outstanding, weighted-average remaining contractual life	6 years 4 months 24 days
Options Outstanding, Weighted-Average Exercise Price	$ 68.57
Options Exercisable, Number of Shares	739
Options Exercisable, Weighted-Average Exercise Price	$ 67.75

Share-Based Compensation (Changes in Nonvested Options) (Details) - Restricted Stock and Units [Member] $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Feb. 01, 2020 USD ($) $ / shares shares
Number of Shares
Nonvested, Beginning Balance	1,022
Granted	306
Vested	(89)
Performance adjustment	(259)
Expired or cancelled	(44)
Nonvested, Ending Balance	936
Aggregate value \| $	$ 46
Wtg. Avg. remaining contractual life (in years)	1 year 3 months 18 days
Weighted-Average Grant Date Fair Value per Share
Nonvested, Beginning Balance \| $ / shares	$ 47.47
Granted \| $ / shares	58.48
Vested \| $ / shares	60.54
Cancelled \| $ / shares	52.81
Nonvested, Ending Balance \| $ / shares	$ 49.25
Awards granted	306

Quarterly Results (Unaudited) (Schedule of Quarterly Results) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended									12 Months Ended
	Feb. 01, 2020	Nov. 02, 2019	Aug. 03, 2019	May 04, 2019	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 03, 2018	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Quarterly Results (Unaudited) [Abstract]
Sales	$ 2,221	$ 1,932	$ 1,774	$ 2,078	$ 2,272	$ 1,860	$ 1,782	$ 2,025		$ 8,005	$ 7,939	$ 7,782
Gross margin	700	620	534	689	735	588	539	666		2,543	2,528
Operating profit	176	164	81	228	219	144	112	224		649	699	571
Net income	$ 134	$ 125	$ 60	$ 172	$ 158	$ 130	$ 88	$ 165		$ 491	$ 541	$ 284
Earnings per share - basic	$ 1.28	$ 1.16	$ 0.55	$ 1.53	$ 1.40	$ 1.14	$ 0.76	$ 1.39		$ 4.52	$ 4.68	$ 2.23
Earnings per share - diluted	$ 1.27	$ 1.16	$ 0.55	$ 1.52	$ 1.39	$ 1.14	$ 0.75	$ 1.38		$ 4.50	$ 4.66	$ 2.22
Pension litigation charge	$ 1	$ 1	$ 1	$ 1	$ 1	$ 2	$ 3	$ 12			$ 13	$ 178
Impairment of investments										$ 11
Non-cash impairment charges	$ 48		$ 13		19					$ 48	$ 19	$ 20
Tax Cuts and Jobs Act, Incomplete Accounting, Transition Tax for Accumulated Foreign Earnings, Provisional Income Tax Expense					$ 4	$ 23	$ 1		$ 99

Subsequent Events (Details) - Subsequent Event [Member] - USD ($) $ / shares in Units, $ in Millions	Mar. 19, 2020	Feb. 19, 2020
Dividends, date declared		Feb. 19, 2020
Dividends, amount per share		$ 0.40
Dividends, date to be paid		May 01, 2020
Dividends, date of record		Apr. 17, 2020
Proceeds from credit facility	$ 330