v3.26.1
Income Taxes (Tables)
 12 Months Ended
Jan. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
The following is a reconciliation of the federal statutory tax rate to the effective tax rate:

Years Ended
(In millions, except percentage data)January 30, 2026January 31, 2025February 2, 2024
Statutory federal income tax rate$1,837 21.0 %$1,922 21.0 %$2,137 21.0 %
State income taxes, net of federal tax benefit1
333 3.8 343 3.7 389 3.8 
Other, net(77)(0.9)(69)(0.7)(77)(0.7)
Effective tax rate$2,093 23.9 %$2,196 24.0 %$2,449 24.1 %
1    State taxes in CA, FL, PA, NY, VA, NC, TN, NJ, and SC contributed to the majority of the tax effect in this category.
Schedule of Components of Income Tax Expense (Benefit)
The components of the income tax provision are as follows:
Years Ended
(In millions)January 30, 2026January 31, 2025February 2, 2024
Current:
Federal$1,443 $1,764 $1,955 
State386 424 489 
Total current1
1,829 2,188 2,444 
Deferred:
Federal236 — 3 
State28 8 2 
Total deferred1
264 8 5 
Total income tax provision$2,093 $2,196 $2,449 
1    Amounts applicable to foreign income taxes were insignificant for all periods presented.
Schedule of Deferred Tax Assets and Liabilities
The tax effects of cumulative temporary differences that gave rise to the deferred tax assets and liabilities were as follows:
(In millions)January 30, 2026January 31, 2025
Deferred tax assets:
Self-insurance$240 $233 
Share-based payment expense49 46 
Operating lease liabilities1,266 1,143 
Capital loss carryforwards691 645 
Net operating losses283 261 
Other, net559 390 
Total deferred tax assets3,088 2,718 
Valuation allowance(1,072)(1,003)
Net deferred tax assets2,016 1,715 
Deferred tax liabilities:
Operating lease right-of-use assets(1,136)(1,012)
Goodwill and Other Intangibles(1,089)(37)
Property(731)(315)
Other, net(99)(107)
Total deferred tax liabilities(3,055)(1,471)
Net deferred tax (liabilities)/assets$(1,039)$244 
Schedule of Unrecognized Tax Benefits Roll Forward
A reconciliation of the beginning and ending balances of unrecognized tax benefits is as follows:
Years Ended
(In millions)January 30, 2026January 31, 2025February 2, 2024
Unrecognized tax benefits, beginning of year$37 $37 $37 
Additions for tax positions of prior years— — — 
Settlements— — — 
Unrecognized tax benefits, end of year$37 $37 $37