0000072333-22-000060 | 10-K | XBRL Viewer

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Consolidated Statements Of Earnings - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Income Statement [Abstract]
Net sales	$ 14,402	$ 10,357	$ 15,132
Credit card revenues, net	387	358	392
Total revenues	14,789	10,715	15,524
Cost of sales and related buying and occupancy costs	(9,344)	(7,600)	(9,932)
Selling, general and administrative expenses	(4,953)	(4,162)	(4,808)
Earnings (loss) before interest and income taxes	492	(1,047)	784
Interest expense, net	(246)	(181)	(102)
Earnings (loss) before income taxes	246	(1,228)	682
Income tax (expense) benefit	(68)	538	(186)
Net earnings (loss)	$ 178	$ (690)	$ 496
Earnings (loss) per share:
Basic (in dollars per share)	$ 1.12	$ (4.39)	$ 3.20
Diluted (in dollars per share)	$ 1.10	$ (4.39)	$ 3.18
Weighted-average shares outstanding:
Basic (in shares)	159.0	157.2	155.2
Diluted (in shares)	162.5	157.2	156.1

Consolidated Statements of Comprehensive Earnings - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 178	$ (690)	$ 496
Postretirement plan adjustments, net of tax of ($6), $0 and $9	18	(1)	(27)
Foreign currency translation adjustment	2	(1)	(4)
Comprehensive net earnings (loss)	$ 198	$ (692)	$ 465

- Definition

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

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+ Details

Consolidated Statements of Comprehensive Earnings (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Statement of Comprehensive Income [Abstract]
Tax on postretirement plan adjustments	$ (6)	$ 0	$ 9

Consolidated Balance Sheets - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021
Assets
Cash and cash equivalents	$ 322	$ 681
Accounts receivable, net	255	245
Merchandise inventories	2,289	1,863
Prepaid expenses and other	306	853
Total current assets	3,172	3,642
Land, property and equipment, net	3,562	3,732
Operating lease right-of-use assets	1,496	1,581
Goodwill	249	249
Other assets	390	334
Total assets	8,869	9,538
Liabilities and Shareholders’ Equity
Accounts payable	1,529	1,960
Accrued salaries, wages and related benefits	383	352
Current portion of operating lease liabilities	242	260
Other current liabilities	1,160	1,048
Current portion of long-term debt	0	500
Total current liabilities	3,314	4,120
Long-term debt, net	2,853	2,769
Non-current operating lease liabilities	1,556	1,687
Other liabilities	565	657
Commitments and contingencies (Note 13)
Shareholders’ equity:
Common stock, no par value: 1,000 shares authorized; 159.4 and 157.8 shares issued and outstanding	3,283	3,205
Accumulated deficit	(2,652)	(2,830)
Accumulated other comprehensive loss	(50)	(70)
Total shareholders’ equity	581	305
Total liabilities and shareholders’ equity	$ 8,869	$ 9,538

Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Millions	Jan. 29, 2022	Jan. 30, 2021
Stockholders' Equity Attributable to Parent [Abstract]
Common stock, no par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized	1,000.0	1,000.0
Common stock, shares issued	159.4	157.8
Common stock, shares outstanding	159.4	157.8

Consolidated Statements of Shareholders' Equity - USD ($) $ in Millions	Total	Common stock [Member]	Accumulated deficit [Member]	Accumulated other comprehensive loss [Member]
Common stock, balance, beginning of year at Feb. 02, 2019		$ 3,048
Common stock
Issuance of common stock under stock compensation plans		29
Stock-based compensation		52
Common stock, balance, end of year at Feb. 01, 2020		3,129
Accumulated deficit, balance, beginning of year at Feb. 02, 2019			$ (2,138)
Accumulated deficit
Cumulative effect of adopted accounting standards			(25)
Net earnings (loss)	$ 496		496
Dividends			(229)
Repurchase of common stock			(186)
Accumulated deficit, balance, end of year at Feb. 01, 2020			(2,082)
Accumulated other comprehensive loss, balance, beginning of year at Feb. 02, 2019				$ (37)
Accumulated other comprehensive loss
Other comprehensive earnings (loss)				(31)
Accumulated other comprehensive loss, balance, end of year at Feb. 01, 2020				(68)
Total at Feb. 01, 2020	$ 979
Accumulated other comprehensive loss
Dividends per share	$ 1.48
Issuance of common stock under stock compensation plans		16
Stock-based compensation		60
Common stock, balance, end of year at Jan. 30, 2021	$ 3,205	3,205
Accumulated deficit
Cumulative effect of adopted accounting standards			0
Net earnings (loss)	(690)		(690)
Dividends			(58)
Repurchase of common stock			0
Accumulated deficit, balance, end of year at Jan. 30, 2021	(2,830)		(2,830)
Accumulated other comprehensive loss
Other comprehensive earnings (loss)				(2)
Accumulated other comprehensive loss, balance, end of year at Jan. 30, 2021	(70)			(70)
Total at Jan. 30, 2021	$ 305
Accumulated other comprehensive loss
Dividends per share	$ 0.37
Issuance of common stock under stock compensation plans		14
Stock-based compensation		64
Common stock, balance, end of year at Jan. 29, 2022	$ 3,283	$ 3,283
Accumulated deficit
Cumulative effect of adopted accounting standards			0
Net earnings (loss)	178		178
Dividends			0
Repurchase of common stock			0
Accumulated deficit, balance, end of year at Jan. 29, 2022	(2,652)		$ (2,652)
Accumulated other comprehensive loss
Other comprehensive earnings (loss)				20
Accumulated other comprehensive loss, balance, end of year at Jan. 29, 2022	(50)			$ (50)
Total at Jan. 29, 2022	$ 581
Accumulated other comprehensive loss
Dividends per share	$ 0

Consolidated Statements Of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Operating Activities
Net earnings (loss)	$ 178	$ (690)	$ 496
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization expenses	615	671	671
Asset impairment	0	137	0
Right-of-use asset amortization	175	168	183
Deferred income taxes, net	(11)	(7)	52
Stock-based compensation expense	79	67	69
Other, net	81	4	0
Change in operating assets and liabilities:
Accounts receivable	(10)	(46)	82
Merchandise inventories	(383)	53	30
Prepaid expenses and other assets	542	(607)	(38)
Accounts payable	(400)	432	98
Accrued salaries, wages and related benefits	31	(157)	(71)
Other current liabilities	112	(143)	(94)
Lease liabilities	(284)	(237)	(259)
Other liabilities	(20)	7	17
Net cash provided by (used in) operating activities	705	(348)	1,236
Investing Activities
Capital expenditures	(506)	(385)	(935)
Other, net	(15)	38	26
Net cash used in investing activities	(521)	(347)	(909)
Financing Activities
Proceeds from revolving line of credit	400	800	0
Payments on revolving line of credit	(400)	(800)	0
Proceeds from long-term borrowings	675	600	499
Principal payments on long-term borrowings	(1,100)	0	(500)
(Decrease) increase in cash book overdrafts	(32)	(4)	8
Cash dividends paid	0	(58)	(229)
Payments for repurchase of common stock	0	0	(210)
Proceeds from issuances under stock compensation plans	14	16	29
Tax withholding on share-based awards	(15)	(9)	(17)
Other, net	(86)	(15)	(11)
Net cash (used in) provided by financing activities	(544)	530	(431)
Effect of exchange rate changes on cash and cash equivalents	1	(7)	0
Net decrease in cash and cash equivalents	(359)	(172)	(104)
Cash and cash equivalents at beginning of year	681	853	957
Cash and cash equivalents at end of year	322	681	853
Cash (received) paid during the year for:
Income taxes, net of refunds	(485)	23	178
Interest, net of capitalized interest	$ 164	$ 168	$ 111

Nature Of Operations And Summary Of Significant Accounting Policies

12 Months Ended

Jan. 29, 2022

Accounting Policies [Abstract]

Nature Of Operations And Summary Of Significant Accounting Policies

NOTE 1: NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The Company

Founded in 1901 as a retail shoe business in Seattle, Washington, our Company is a leading fashion retailer that offers an extensive selection of high-quality brand-name and private label merchandise for women, men, young adults and children focused on apparel, shoes, beauty, accessories and home goods. This breadth of merchandise allows us to serve a wide range of customers who appreciate quality fashion and a superior shopping experience. We offer brand-name and private label merchandise across our digital and physical assets in both our Nordstrom and Nordstrom Rack banners. Our facilities and stores are located in 40 states in the U.S. and three provinces in Canada. Nordstrom includes:

•Nordstrom.com website and mobile application

•TrunkClub.com

•Nordstrom.ca

•94 Nordstrom stores in the U.S.

•six Nordstrom stores and seven Nordstrom Rack stores in Canada

•seven Nordstrom Locals

Nordstrom Rack includes:

•NordstromRack.com website and mobile application

•HauteLook.com - prior to the first quarter of 2021

•240 Nordstrom Rack stores in the U.S.

•two Last Chance clearance stores

Fiscal Year

We operate on a 52/53-week fiscal year ending on the Saturday closest to January 31st. References to 2021 and all years within this document except 2017 are based on a 52-week fiscal year, while 2017 is based on a 53-week fiscal year.

Principles of Consolidation

The Consolidated Financial Statements include the balances of Nordstrom, Inc. and its subsidiaries. All intercompany transactions and balances are eliminated in consolidation.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires that we make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and disclosure of contingent assets and liabilities during the reporting period. Uncertainties regarding such estimates and assumptions are inherent in the preparation of financial statements and actual results may differ from these estimates and assumptions. Our most significant accounting judgments and estimates include revenue recognition, inventory valuation, long-lived asset recoverability and income taxes, all of which involve assumptions about future events. We may be unable to accurately predict the impact of COVID-19 going forward and as a result our estimates may change in the near term.

Revenue

Net Sales

We recognize sales revenue net of estimated returns and excluding sales taxes. Revenue from sales to customers shipped from our Supply Chain Network facilities, stores and directly from our vendors, which includes shipping revenue when applicable, is recognized at shipping point, the point in time where control has transferred to the customer. Costs to ship orders to customers are expensed as a fulfillment activity at shipping point, commissions from sales at our Nordstrom stores are expensed at the point of sale and both are recorded in SG&A expenses.

We reduce sales and cost of sales by an estimate of future customer merchandise returns, which is calculated based on historical and expected return patterns, and record a sales return allowance and an estimated returns asset. Our sales return allowance is classified in other current liabilities and our estimated returns asset, calculated based on the cost of merchandise sold, is classified in prepaid expenses and other on the Consolidated Balance Sheets. As of January 29, 2022 and January 30, 2021, our sales return allowance was $411 and $299 and our estimated returns asset was $186 and $134. Due to the seasonality of our business, these balances typically increase when higher sales occur in the last month of a period, such as the Anniversary Sale, which usually occurs at the end of the second quarter, and decrease in the following period. We record the impact of the sales return allowance in our separate Nordstrom and Nordstrom Rack banners. The majority of our returns from both digital and physical sales come through our stores. As a result of COVID-19 and the related change in customer buying trends, we experienced declines in 2020 in our online return rates, which historically are higher than our overall average return rates. In 2021, we saw increases in our online return rates, although they were still lower than rates in 2019. Accordingly, we adjusted our estimates of future return rates to reflect recent trends. Estimating future returns requires substantial judgment based on current and historical trends and actual returns may vary from our estimates.

Loyalty Program

The Nordy Club is our customer loyalty program that incorporates a traditional point and benefit system, while providing customers exclusive access to products and events, enhanced services, personalized experiences and more convenient ways to shop. Customers accumulate points based on their level of spending and type of participation. Upon reaching certain point thresholds, customers receive Nordstrom Notes, which can be redeemed for goods or services across Nordstrom and Nordstrom Rack. The Nordy Club benefits vary based on the level of customer spend, and include Bonus Points days and shopping and fashion events.

We offer customers access to a variety of payment products and services, including a selection of Nordstrom-branded Visa® credit cards in the U.S. and Canada, as well as a Nordstrom-branded private label credit card for Nordstrom purchases. When customers use a Nordstrom-branded credit or debit card, they also participate in The Nordy Club and receive additional benefits, which can vary depending on the level of spend, including early access to the Anniversary Sale, enhanced alteration and stylist benefits and incremental accumulation of points toward Nordstrom Notes.

As our customers earn points and Nordstrom Notes in The Nordy Club, a portion of underlying sales revenue is deferred based on an estimated stand-alone selling price of points, Nordstrom Notes and other loyalty benefits, such as alterations. We recognize the revenue and related cost of sale when the Nordstrom Notes are ultimately redeemed and reduce our contract liability. We include the deferred revenue in other current liabilities on the Consolidated Balance Sheets. We record breakage revenue of unused points and unredeemed Nordstrom Notes based on expected customer redemption. We estimate, based on historical and expected usage, that approximately 8% of Nordstrom Notes and points will be unredeemed. Estimating future breakage rates requires judgment based on current and historical trends and actual breakage rates may vary from our estimates. Other benefits of the loyalty program, including shopping and fashion events, are recorded in SG&A expenses as these are not a material right of the program.

As of January 29, 2022 and January 30, 2021, our outstanding performance obligation for The Nordy Club, which consists primarily of unredeemed points and Nordstrom Notes at retail value was $112 and $137. Almost all Nordstrom Notes are redeemed within approximately ten months of issuance.

Gift Cards

We record deferred revenue from the sale of gift cards at the time of purchase. As gift cards are redeemed, we recognize revenue and reduce our contract liability. Although our gift cards do not have an expiration date, we include this deferred revenue in other current liabilities on the Consolidated Balance Sheets as customers can redeem gift cards at any time. We record breakage revenue on unused gift cards based on expected customer redemption. We estimate, based on historical usage, that 3% of gift cards will be unredeemed and recognized as revenue. Estimating future breakage rates requires judgment based on current and historical trends and actual breakage rates may vary from our estimates. Higher volumes of gift cards issued over the last several years prior to COVID-19 combined with higher breakage rates resulted in an increase in breakage income for 2020. However, due to COVID-19 and the related change in customer buying trends there were fewer gift cards issued in the last two years, resulting in a decrease in breakage income for 2021. Breakage income was $39, $81 and $17 in 2021, 2020 and 2019.

As of January 29, 2022 and January 30, 2021, our outstanding performance obligation for unredeemed gift cards was $366 and $341. Almost all gift cards are redeemed within two years of issuance.

Credit Card Revenues, net

Although the primary purpose of offering our credit cards is to foster greater customer loyalty and drive more sales, we also receive credit card revenue through our program agreement with TD, whereby TD is the exclusive issuer of our consumer credit cards and we perform account servicing functions. Credit card revenues, net include our portion of the ongoing credit card revenue, net of credit losses, pursuant to our program agreement with TD.

Cost of Sales

Cost of sales primarily includes the purchase and manufacturing costs of inventory sold, net of vendor allowances, and in-bound freight expense.

Buying and Occupancy Costs

Buying costs consist primarily of compensation and other costs incurred by our merchandising and product development groups. Occupancy costs include rent, depreciation, property taxes and facility operating costs of our retail, corporate center and Supply Chain Network facilities.

Selling, General and Administrative Expenses

SG&A expenses consist primarily of compensation and benefit, marketing, outbound supply chain and technology costs.

Severance

In 2020, we recorded $88 of restructuring costs in connection with our regional and corporate reorganization, including $25 recorded in cost of sales and related buying and occupancy costs and $63 in SG&A on the Consolidated Statement of Earnings.

Advertising

Advertising production costs for internet, magazines, store events and other media are expensed the first time the advertisement is run. Online marketing costs are expensed when incurred. Total advertising expenses, net of vendor allowances, of $300, $283 and $299 in 2021, 2020 and 2019 were included in SG&A expenses.

Shipping and Fulfillment Costs

Our shipping and fulfillment costs include payments to third-party shippers and costs to hold, move and prepare merchandise for shipment. These costs do not include in-bound freight to our Supply Chain Network facilities, which we include in the cost of our inventory. Shipping and fulfillment costs of $993, $828 and $627 in 2021, 2020 and 2019 were included in SG&A expenses.

Vendor Allowances

We receive allowances from merchandise vendors for purchase price adjustments, beauty expenses, advertising programs and various other expenses. Purchase price adjustments are recorded as a reduction of cost of sales at the point they have been earned and the related merchandise has been marked down or sold. Allowances for beauty expenses, advertising programs and other expenses are recorded in SG&A expenses as a reduction of the related costs when incurred. Vendor allowances earned are as follows:


Fiscal year	2021	2020	2019
Purchase price adjustments	$108	$77	$171
Beauty expenses	103	79	140
Advertising	110	82	101
Other	3	2	6
Total vendor allowances	$324	$240	$418

Stock-Based Compensation

The 2019 Plan authorizes the grant of stock options, PSUs, RSUs, stock appreciation rights and both restricted and unrestricted shares of common stock to employees and nonemployee directors. We grant stock-based awards under our 2019 Plan and employees may purchase our stock at a discount under our ESPP. We predominantly recognize stock-based compensation expense related to stock-based awards at their estimated grant date fair value, recorded on a straight-line basis over the requisite service period. Compensation expense for certain award holders is accelerated based upon age and years of service. Compensation expense for PSUs is adjusted based on the payout percentage of the PSU grant subject to achieving specific performance measures. The total compensation expense is reduced by actual forfeitures as they occur.

We estimate the grant date fair value of stock options using the Binomial Lattice option valuation model. The fair value of RSUs are determined based on the number of RSUs granted and the quoted price of our common stock on the date of grant, less the estimated present value of dividends over the vesting period. PSUs granted are classified as equity and the fair value is determined based on the number of PSUs granted and the quoted price of our common stock on the date of grant, less the estimated present value of dividends over the vesting period.

Issuance of common stock under stock compensation plans on the Consolidated Statements of Shareholders’ Equity includes proceeds from our common stock option exercises and purchases of shares under the ESPP, while stock-based compensation primarily includes stock-based compensation expense for our common stock options, RSUs and PSUs partially offset by shares withheld for taxes on RSUs.

New Store Opening Costs

Non-capital expenditures associated with opening new stores, including marketing expenses, relocation expenses and occupancy costs, are charged to expense as incurred. These costs are included in both buying and occupancy costs and SG&A, according to their nature as disclosed above.

Income Taxes

We use the asset and liability method of accounting for income taxes. Using this method, deferred tax assets and liabilities are recorded based on differences between the financial reporting and tax basis of assets and liabilities and for operating loss and tax credit carryforwards. The deferred tax assets and liabilities are calculated using the enacted tax rates and laws that are expected to be in effect when the differences are expected to reverse. We routinely evaluate the likelihood of realizing the benefit of our deferred tax assets and may record a valuation allowance if, based on all available evidence, it is determined that some portion of the tax benefit will not be realized.

We regularly evaluate the likelihood of realizing the benefit for income tax positions we have taken in various federal, state and foreign filings by considering all relevant facts, circumstances and information available. If we believe it is more likely than not that our position will be sustained, we recognize a benefit at the largest amount we believe is cumulatively greater than 50% likely to be realized. Interest and penalties related to income tax matters are classified as a component of income tax expense.

Income taxes require significant management judgment regarding applicable statutes and their related interpretation, the status of various income tax audits and our particular facts and circumstances. Also, as audits are completed or statutes of limitations lapse, it may be necessary to record adjustments to our taxes payable, deferred taxes, tax reserves or income tax expense.

CARES Act

On March 27, 2020, the CARES Act was signed into law. Among other provisions, the CARES Act provided for payroll tax credits for employee retention, deferral of payroll taxes and several income tax provisions including allowing for carryback of certain operating losses.

In accordance with our overall approach for determining our income tax provision, which uses an estimated annual effective tax rate based on our best estimates and adjusts for discrete taxable events that occur during the quarter, we made a reasonable estimate of the impacts of the CARES Act in our 2020 results. As of January 29, 2022, we completed our accounting for the impacts of the CARES Act, resulting in no material changes to previously recorded estimated amounts.

For the year ended January 30, 2021, we recognized $69 in employee retention payroll tax credits and elected to defer payment of the employer portion of social security taxes, both as provided for under the CARES Act and other COVID-19 related stimulus. For the year ended January 29, 2022, we recognized an additional $7 in COVID-19 payroll-related stimulus and paid in full the deferred employer portion of social security taxes.

Comprehensive Net Earnings

Comprehensive net earnings consist of net earnings and other gains and losses affecting equity that are excluded from net earnings. These consist of postretirement plan adjustments, net of related income tax effects, and foreign currency translation adjustments.

Cash Equivalents

Cash equivalents are short-term investments with an original maturity of three months or less from the date of purchase and are carried at cost, which approximates fair value. At the end of 2021 and 2020, checks not yet presented for payment drawn in excess of our bank deposit balances were $74 and $106 and included within accounts payable on our Consolidated Balance Sheets.

Accounts Receivable

Accounts receivable, net primarily includes receivables from TD related to our program agreement, non-Nordstrom-branded credit and debit cards and developer reimbursements.

Merchandise Inventories

Merchandise inventories are stated at the lower of cost or market value using the retail inventory method. Under the retail method, the valuation of inventories is determined by applying a calculated cost-to-retail ratio to the retail value of ending inventory. The value of our inventory on the balance sheet is then reduced by a charge to cost of sales for retail inventory markdowns taken on the selling price. To determine if the retail value of our inventory should be marked down, we consider current and anticipated demand, customer preferences, age of the merchandise and fashion trends. We record reserves for excess and obsolete inventory based on historical trends and specific identification.

We take physical inventory counts at our stores and Supply Chain Network locations and adjust for differences between recorded amounts and counted amounts. Following each physical inventory cycle and using the most recent physical inventory count and historical results, we record an estimate for shrink, based on a percentage of sales, until the next physical inventory count.

Leases

We record leases, which consist primarily of operating leases, on the Consolidated Balance Sheets as operating lease ROU assets and operating lease liabilities, both of which include current and noncurrent portions. Operating lease liabilities are initially recognized based on the net present value of the fixed portion of our lease and common area maintenance payments from lease commencement through the lease term. To calculate the net present value, we apply an incremental borrowing rate. The incremental borrowing rate is determined using a portfolio approach based on the rate of interest we would pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term. We use quoted interest rates obtained from financial institutions as an input to derive our incremental borrowing rate as the discount rate for the lease. We recognize ROU assets based on operating lease liabilities reduced by property incentives. We test ROU assets for impairment in the same manner as long-lived assets and exclude the related operating lease liability and operating lease payments in our analysis.

We lease the land, buildings, or land and buildings for many of our stores, office facilities and Supply Chain Network facilities. We also lease equipment and have service contracts including transportation agreements and warehouse agreements where we control identified assets such as vehicles, warehouse space and equipment and therefore represent embedded leases.

Land, Property and Equipment

Land is recorded at historical cost, while property and equipment are recorded at cost less accumulated depreciation and amortization. Capitalized software includes the costs of developing or obtaining internal-use software, including external direct costs of materials and services and internal payroll costs related to the software project.

We capitalize interest on construction in progress and software projects during the period in which expenditures have been made, activities are in progress to prepare the asset for its intended use and actual interest costs are being incurred. Depreciation and amortization are computed using the straight-line method over the asset’s estimated useful life, which is determined by asset category as follows:


Asset			Life (in years)
Buildings and improvements			5 – 40
Store fixtures and equipment			3 – 15
Leasehold improvements			5 – 40
Capitalized software			2 – 7

Leasehold improvements and leased property and equipment that are purchased at the inception of the lease, or during the lease term, are amortized over the shorter of the lease term or the asset life. Lease terms include the fixed, non-cancellable term of a lease, plus any renewal periods determined to be reasonably assured.

Long-Lived Assets

When facts and circumstances indicate the carrying values of buildings, equipment and ROU assets may be impaired, we compare the carrying value to the related projected future cash flows, among other quantitative and qualitative analyses. Cash flow analysis requires judgment regarding many factors, such as revenues, growth rates, expenses and capital expenditures. These projections are inherently subject to uncertainties and while we believe the inputs and assumptions utilized in our future cash flows are reasonable, our estimates may change in the near term based on our current and future performance. Land, property and equipment are grouped at the lowest level at which there are identifiable cash flows when assessing impairment, while cash flows for our retail store assets are identified at the individual store level.

In 2020, as we optimized our mix of physical and digital assets to align with longer-term customer trends, we closed 16 Nordstrom stores, six Trunk Club clubhouses and three Jeffrey boutiques. In conjunction with these closures, we incurred non-cash impairment charges on long-lived tangible and ROU assets, primarily associated with the Nordstrom store closures, to adjust the carrying values to their estimated fair value. The following table provides details related to asset impairment charges as a result of COVID-19:


Fiscal year			2020
Long-lived asset impairment1			$96
Operating lease ROU asset impairment1			41
Total asset impairment			$137

1 As of January 30, 2021, the carrying value of the applicable long-lived and operating lease ROU assets after impairment was $13 and $3.

These charges are primarily included in our Retail segment SG&A expense on the Consolidated Statement of Earnings.

Amortization expense for acquired intangibles was $7 in 2019. In 2019, as a result of the Nordstrom Trunk Club integration, we fully impaired the remaining acquired Nordstrom Trunk Club intangible asset and recorded a loss of $11. No amortization expense was recorded beyond 2019.

Goodwill

Goodwill represents the excess of acquisition cost over the fair value of the related net assets acquired and is not subject to amortization. We review our goodwill annually for impairment, as of the first day of the fourth quarter, or when circumstances indicate that the carrying value may exceed the fair value. We perform this evaluation at the Nordstrom and NordstromRack.com reporting unit level, all within our Retail segment. When evaluating these assets for impairment, we may first perform a qualitative assessment to determine whether it is more likely than not that a reporting unit is impaired. If we determine that it is more likely than not that the carrying value exceeds the fair value of the reporting unit, we perform a quantitative fair value test, where we compare the carrying value of the reporting unit to its estimated fair value, which is based on the expected present value of future cash flows (income approach), comparable public companies and acquisitions (market approach), or a combination of both. If fair value is lower than the carrying value, an impairment charge is recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. As of January 29, 2022 and January 30, 2021, we had goodwill of $249. Based on the results of our tests, fair value substantially exceeded carrying value, and we therefore had no goodwill impairment in 2021, 2020 or 2019.

Investments

In July 2021, we acquired a minority interest in the Topshop, Topman, Miss Selfridge and HIIT brands through a strategic partnership with ASOS.com Ltd. We invest in financial interests that align with our business and omni-channel strategies, which are recorded in other assets in the Consolidated Balance Sheets and investing other, net on the Consolidated Statements of Cash Flows.

We hold a limited partnership interest in a corporate office building that is classified as held for sale, as we plan to sell our interest within one year. The carrying value of the interest is not material as of January 29, 2022.

Self-Insurance

We retain a portion of the risk for certain losses related to employee health and welfare, workers’ compensation and other liability claims. Liabilities associated with these losses include undiscounted estimates of both losses reported and losses incurred but not yet reported. We estimate our ultimate cost using an actuarially-based analysis of claims experience, regulatory changes and other relevant factors.

Foreign Currency

Our Canadian operations are comprised of the Nordstrom.ca website, six Nordstrom stores and seven Nordstrom Rack stores. The functional currency of our Canadian operations is the Canadian Dollar. We translate assets and liabilities into U.S. Dollars using the exchange rate in effect at the balance sheet date, while we translate revenues and expenses using an average exchange rate for the period. We record these translation adjustments as a component of accumulated other comprehensive loss on the Consolidated Balance Sheets.

In addition, our U.S. operations incur certain expenditures denominated in Canadian Dollars and our Canadian operations incur certain expenditures denominated in U.S. Dollars. This activity results in transaction gains and losses that arise from exchange rate fluctuations, which are recorded as gains or losses in the Consolidated Statements of Earnings.

Reclassification

We reclassified our fiscal 2020 and 2019 Consolidated Statements of Cash Flows to conform with current period presentation. To adjust our net loss to reconcile to operating activity cash flows, we present depreciation and amortization separate from other, net, which includes the “make-whole” premium in the first quarter of 2021 (see Note 5: Debt and Credit Facilities).

Revenue

12 Months Ended

Jan. 29, 2022

Revenue from Contract with Customer [Abstract]

Revenue

NOTE 2: REVENUE

Contract Liabilities

Contract liabilities represent our obligation to transfer goods or services to customers and include deferred revenue for The Nordy Club (including points and Nordstrom Notes) and gift cards. Our contract liabilities are classified as current on the Consolidated Balance Sheets and are as follows:


			Contract Liabilities
Balance as of February 1, 2020			$576
Balance as of January 30, 2021			478
Balance as of January 29, 2022			478

Revenues recognized from our beginning contract liability balance were $244 and $261 for the years ended January 29, 2022 and January 30, 2021.

Disaggregation of Revenue

The following table summarizes our disaggregated net sales:


Fiscal year	2021	2020	2019
Nordstrom	$9,640	$6,997	$9,943
Nordstrom Rack	4,762	3,360	5,189
Total net sales	$14,402	$10,357	$15,132

Digital sales as a % of total net sales	42%	55%	33%

The following table summarizes the percent of net sales by merchandise category:


Fiscal year	2021	2020	2019
Women’s Apparel	28%	29%	31%
Shoes	25%	26%	24%
Women’s Accessories	14%	14%	11%
Men’s Apparel	14%	12%	16%
Beauty	12%	12%	11%
Kids’ Apparel	4%	4%	4%
Other	3%	3%	3%
Total net sales	100%	100%	100%

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-Publisher FASB
-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Land, Property And Equipment

12 Months Ended

Jan. 29, 2022

Property, Plant and Equipment [Abstract]

Land, Property And Equipment

NOTE 3: LAND, PROPERTY AND EQUIPMENT

Land, property and equipment consist of the following:


	January 29, 2022	January 30, 2021
Land and land improvements	$285	$285
Buildings and building improvements	1,338	1,446
Leasehold improvements	3,350	3,212
Store fixtures and equipment	4,038	3,993
Capitalized software	1,915	1,724
Construction in progress	373	231
Land, property and equipment	11,299	10,891
Less: accumulated depreciation and amortization	(7,737)	(7,159)
Land, property and equipment, net	$3,562	$3,732

Our net non-cash investing activities primarily related to Nordstrom NYC and our Supply Chain Network capital expenditure accruals and resulted in a (decrease) increase to accounts payable of ($48) and $60 in 2020 and 2019.

Leases

12 Months Ended

Jan. 29, 2022

Leases [Abstract]

Leases

NOTE 4: LEASES

We lease the land, buildings, or land and buildings for many of our stores, office facilities and Supply Chain Network facilities, as well as equipment. The majority of our fixed, non-cancellable lease terms are 15 to 30 years for Nordstrom stores, approximately 10 years for Nordstrom Rack stores and 5 to 20 years for office facilities and Supply Chain Network facilities. Many of our leases include options that allow us to extend the lease term beyond the initial commitment period. At the commencement of a lease, we generally include only the initial lease term as we have determined that options to extend are not reasonably certain to occur. The exercise of lease renewal options is generally at our sole discretion. At the renewal of an expiring lease, we reassess our options in the agreement and include all reasonably certain extensions in the measurement of our lease term.

Most of our leases also require we pay certain expenses, such as common area maintenance charges, real estate taxes and other executory costs, the fixed portion of which is included in Operating Lease Cost. We recognize Operating Lease Cost, which is primarily included in occupancy costs, on a straight-line basis over the lease term. Variable lease cost includes payments for variable common area maintenance charges and additional payments based on a percentage of sales, which are recognized when probable. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.

The following table summarizes the components of lease cost:


Fiscal year	2021	2020
Operating Lease Cost	$265	$263
Variable lease cost1	100	100
Sublease income	(20)	(19)
Total lease cost, net	$345	$344

1 Variable lease cost includes short-term lease cost, which was immaterial in 2021 and 2020.

The following table summarizes future lease payments as of January 29, 2022:


Fiscal year									Operating Leases
2022									$320
2023									339
2024									294
2025									246
2026									201
Thereafter									841
Total lease payments1									2,241

Less: amount representing interest									(443)
Present value of net lease payments2									$1,798

1 Total lease payments do not include payments for variable lease costs that are required by most of our lease agreements and are based on a percentage of sales.

2 Total lease payments exclude $46 of lease payments for operating leases that were signed but not yet commenced as of January 29, 2022.

The following table includes supplemental information:


Fiscal year	2021		2020
Cash paid related to operating lease liabilities	$371		$332
Operating lease interest	87		95

Operating lease liabilities arising from lease agreements	137		79



	January 29, 2022		January 30, 2021
Weighted-average remaining lease term	9 years		9 years
Weighted-average discount rate	4.7	%	4.7	%

Debt And Credit Facilities

12 Months Ended

Jan. 29, 2022

Debt Disclosure [Abstract]

Debt And Credit Facilities

NOTE 5: DEBT AND CREDIT FACILITIES

Debt

A summary of our long-term debt is as follows:


	January 29, 2022	January 30, 2021






Long-term debt, net of unamortized discount:

Senior notes, 4.00%, due October 2021	$—	$500
Senior notes, 2.30%, due April 2024	250	—
Secured Notes, 8.75%, due May 2025	—	600
Senior notes, 4.00%, due March 2027	349	349
Senior debentures, 6.95%, due March 2028	300	300
Senior notes, 4.375%, due April 2030	500	500
Senior notes, 4.25%, due August 2031	425	—
Senior notes, 7.00%, due January 2038	147	147
Senior notes, 5.00%, due January 20441	903	900
Deferred bond issuance costs	(21)	(27)
Total long-term debt	2,853	3,269

Less: current portion	—	(500)
Total due beyond one year	$2,853	$2,769

1 The unamortized discount on these notes was $63 and $66 as of January 29, 2022 and January 30, 2021.

Required principal payments on long-term debt are as follows:


Fiscal year1
2022			$—
2023			—
2024			250
2025			—
2026			—
Thereafter			2,689

1 Required principal payments exclude estimated future interest payments of $1,799 as of January 29, 2022, with $144 payable within one year.

During the first quarter of 2021, we issued $250 aggregate principal amount of 2.30% senior notes due April 2024 and $425 aggregate principal amount of 4.25% senior notes due August 2031. These notes are unsecured and can be redeemed at any time in whole or in part. The April 2024 notes can be redeemed at par starting in April 2022. With the net proceeds of these new notes, together with cash on hand, we retired our Secured Notes. We recorded $88 related to the redemption in interest expense, net, which primarily consisted of a one-time payment of $78 for a “make-whole” premium, and the write-off of unamortized balances associated with the debt discount and issuance costs. The “make-whole” premium payment was not included in cash paid during the period for interest, net of capitalized interest in the Supplemental Cash Flow Information. As a result of this redemption, all our outstanding long-term debt is unsecured and all real estate is unencumbered.

During the second quarter of 2021, we retired our 4.00% senior notes that were due October 2021 using cash on hand.

Interest Expense

The components of interest expense, net are as follows:


Fiscal year	2021	2020	2019
Interest on long-term debt and short-term borrowings	$258	$199	$151
Less:
Interest income	(1)	(3)	(10)
Capitalized interest	(11)	(15)	(39)
Interest expense, net	$246	$181	$102

Credit Facilities

During the first quarter of 2021, we amended our Revolver. Under the Revolver, we are in a “Collateral Period” if our Leverage Ratio is greater than four or our unsecured debt is rated below BBB- with a stable outlook at Standard & Poor’s or Baa3 with a stable outlook at Moody’s. In the Collateral Period, any outstanding borrowings under our Revolver will be secured by substantially all our personal property, and we will be subject to asset coverage and minimum liquidity covenants, as well as a fixed charge coverage covenant. If our Leverage Ratio is less than or equal to four and our unsecured debt is rated at or above BBB- with a stable outlook at Standard & Poor’s and Baa3 with a stable outlook at Moody’s, any borrowings under our Revolver will be unsecured, we will not be subject to the above covenants and the restrictions on dividend payments and share repurchases will be removed. As of January 29, 2022, we were in a Collateral Period since we did not meet or exceed our credit rating threshold. We were in compliance with all our Revolver covenants.

Under our Revolver amendment, we created flexibility for dividends and share repurchases during the Collateral Period, provided no default or event of default exists as a result of such payments, the pro-forma Leverage Ratio as of the most recent fiscal quarter is less than 3.75, pro-forma liquidity at the date of such payments is at least $600, and the amount of such payments does not exceed the amount of the corresponding fiscal quarter of 2019. Additionally, the “make-whole” premium and unamortized deferred bond issuance costs related to the redemption of the Secured Notes are excluded from the Revolver amendment’s definition of interest expense. As of January 29, 2022, our Leverage Ratio was less than 3.75, thus we met the requirements under our Revolver amendment to pay dividends or repurchase shares.

The Revolver expires in September 2023 and any outstanding borrowings are classified in total current liabilities on the Consolidated Balance Sheets. In 2021, we borrowed $200 under our Revolver in the first quarter, which was fully repaid in the second quarter, and borrowed an additional $200 in the third quarter, which was fully repaid in the fourth quarter. As of January 29, 2022 and January 30, 2021, we had no borrowings outstanding under our Revolver.

The Revolver contains customary representations, warranties, covenants and terms, including paying a variable rate of interest and a commitment fee based on our debt rating, and is available for working capital, capital expenditures and general corporate purposes. Provided that we obtain written consent from our lenders, we have the option to increase the Revolver by up to $200, to a total of $1,000, and two options to extend the Revolver by one year.

Our $800 commercial paper program allows us to use the proceeds to fund operating cash requirements. Under the terms of the commercial paper agreement, we pay a rate of interest based on, among other factors, the maturity of the issuance and market conditions. The issuance of commercial paper has the effect of reducing available liquidity under the Revolver by an amount equal to the principal amount of commercial paper outstanding. Conversely, borrowings under our Revolver have the effect of reducing the available capacity of our commercial paper program by an amount equal to the amount outstanding. As of January 29, 2022 and January 30, 2021, we had no issuances outstanding under our commercial paper program.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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+ Details

Fair Value Measurements

12 Months Ended

Jan. 29, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements

NOTE 6: FAIR VALUE MEASUREMENTS

We disclose our financial assets and liabilities that are measured at fair value in our Consolidated Balance Sheets by level within the fair value hierarchy as defined by applicable accounting standards:

Level 1: Quoted market prices in active markets for identical assets or liabilities

Level 2: Other observable market-based inputs or unobservable inputs that are corroborated by market data

Level 3: Unobservable inputs that cannot be corroborated by market data that reflect the reporting entity’s own assumptions

Financial Instruments Measured at Carrying Value

Financial instruments measured at carrying value on a recurring basis include cash and cash equivalents, accounts receivable, accounts payable and our Revolver, which approximate fair value due to their short-term nature.

Long-term debt is recorded at carrying value. If long-term debt was measured at fair value, we would use quoted market prices of the same or similar issues, which is considered a Level 2 fair value measurement. The following table summarizes the carrying value and fair value estimate of our long-term debt, including current maturities:


	January 29, 2022	January 30, 2021
Carrying value of long-term debt	$2,853	$3,269
Fair value of long-term debt	2,758	3,430

Non-financial Assets Measured at Fair Value on a Nonrecurring Basis

We also measure certain non-financial assets at fair value on a nonrecurring basis, primarily goodwill, long-lived tangible and ROU assets, in connection with periodic evaluations for potential impairment. We estimate the fair value of these assets using primarily unobservable inputs and, as such, these are considered Level 3 fair value measurements. There were no material impairment charges for these assets for the year ended January 29, 2022. For more information regarding long-lived tangible and ROU asset impairment charges for the year ended January 30, 2021, see Note 1: Nature of Operations and Summary of Significant Accounting Policies.

- 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

Self-Insurance

12 Months Ended

Jan. 29, 2022

Self Insurance [Abstract]

Self-Insurance

NOTE 7: SELF-INSURANCE

Our self-insurance reserves are summarized as follows:


	January 29, 2022	January 30, 2021
Workers’ compensation	$77	$74
Employee health and welfare	28	25
Other liability	20	15
Total self-insurance reserve	$125	$114

We are self-insured for the majority of our workers’ compensation programs, employee health and welfare coverage and other liability.

Our workers’ compensation policies have a retention per claim of $1 or less and no policy limits. Approximately 25% of our workers’ compensation obligations are payable within one year. In connection with our workers’ compensation programs, we have standby letters of credit issued on our behalf with $13 available and $2 outstanding as of January 29, 2022. These letters of credit are not reflected in our Consolidated Balance Sheets.

Our employee health and welfare programs do not use stop-loss coverage and participants contribute to the cost of their coverage through premiums and out-of-pocket expenses for deductibles, co-pays and co-insurance.

Other liability primarily includes commercial general liability obligations. Our commercial general liability policy, with a limit up to $101, has a retention per claim of $3 or less. Approximately 75% of our other liability reserve obligations are payable within one year. Beginning in 2021, we no longer carry an employment practices liability policy.

SERP

12 Months Ended

Jan. 29, 2022

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

SERP

NOTE 8: SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

We have a SERP, which provides retirement benefits to certain officers and select employees. The SERP has different benefit levels depending on the participant’s role. At the end of 2021, we had 57 participants in the plan, including eight officers and select employees eligible for SERP benefits, 46 retirees and three beneficiaries. This plan is non-qualified and does not have a minimum funding requirement. We selected the measurement date of January 31, the calendar month end closest to our fiscal year end, to value our SERP.

Benefit Obligations and Funded Status

Our benefit obligation and funded status is as follows:


	January 29, 2022	January 30, 2021
Change in benefit obligation:
Benefit obligation at beginning of year	$229	$224
Participant service cost	2	2
Interest cost	5	6
Benefits paid	(10)	(10)
Actuarial (gain) loss	(14)	7

Benefit obligation at end of year	212	229
Change in plan assets:
Fair value of plan assets at beginning of year	—	—
Employer contribution	10	10
Benefits paid	(10)	(10)
Fair value of plan assets at end of year	—	—
Underfunded status at end of year	($212)	($229)

The accumulated benefit obligation, which is the present value of benefits, assuming no future compensation changes, was $211 and $227 at the end of 2021 and 2020. Amounts recognized as liabilities in the Consolidated Balance Sheets consist of the following:


	January 29, 2022	January 30, 2021
Accrued salaries, wages and related benefits	$11	$11
Other liabilities (noncurrent)	201	218
Net amount recognized	$212	$229

Components of SERP Expense

The components of SERP expense recognized in SG&A expense on the Consolidated Statements of Earnings are as follows:


Fiscal year	2021	2020	2019
Participant service cost	$2	$2	$2
Interest cost	5	6	7
Amortization of net loss and other	8	9	1
Total SERP expense	$15	$17	$10

Accumulated Other Comprehensive Loss

Amounts recognized in accumulated other comprehensive loss (pre-tax) consist of the following:


	2021	2020	2019
Actuarial (gain) loss	(14)	7	34
Amortization of net loss and other	(8)	(9)	(1)
Total recognized in accumulated other comprehensive loss	($22)	($2)	$33

Assumptions

Weighted-average assumptions used to determine our benefit obligation and SERP expense are as follows:


Fiscal year	2021		2020		2019
Assumptions used to determine benefit obligation:
Discount rate	3.19	%	2.62	%	2.97	%
Rate of compensation increase	2.50	%	2.50	%	2.50	%
Assumptions used to determine SERP expense:
Discount rate	2.62	%	2.97	%	4.27	%
Rate of compensation increase	2.50	%	2.50	%	2.50	%

Future Benefit Payments and Contributions

As of January 29, 2022, the expected future benefit payments based upon the assumptions described above and including benefits attributable to estimated future employee service are as follows:


Fiscal year
2022			$11
2023			12
2024			12
2025			12
2026			12
2027 – 2031			61
Thereafter			92

- Definition

The entire disclosure for retirement benefits.

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+ Details

401(k) Plan	12 Months Ended
401(k) Plan	Jan. 29, 2022
Retirement Benefits [Abstract]
Compensation and Employee Benefit Plans, Other than Share-based Compensation	NOTE 9: 401(K) PLAN We provide a 401(k) plan for our employees that allows for employee elective contributions and our matching contributions. Employee elective contributions are funded through voluntary payroll deductions. Beginning January 1, 2021, the Company contributes a matching percentage of employee contributions to the Plan. Prior to January 1, 2021, the Plan allowed for discretionary Company contributions funded in an amount determined by our Board of Directors each year. Total expenses related to Company contributions were $67 and $85 in 2021 and 2019 and were included in both buying and occupancy costs and SG&A expenses on our Consolidated Statements of Earnings. In 2020, due to COVID-19 and the steps we took to strengthen our financial flexibility, we temporarily paused our employer match contribution and incurred no expenses related to Company contributions.

Stock-Based Compensation

12 Months Ended

Jan. 29, 2022

Share-based Payment Arrangement, Noncash Expense [Abstract]

Stock-Based Compensation

NOTE 10: STOCK-BASED COMPENSATION

Under our deferred and stock-based compensation plan arrangements, we issued 1.6, 2.2 and 2.1 shares of common stock in 2021, 2020 and 2019. Under the 2019 Plan, the aggregate number of shares to be issued may not exceed 24.5 plus any shares currently outstanding under the 2010 Plan that are forfeited or expire during the term of the 2019 Plan. As of January 29, 2022, we have 24.5 shares authorized, 15.0 shares issued and outstanding and 17.4 shares remaining available for future grants under the 2019 Plan.

Under the ESPP, employees may make payroll deductions of up to 15% of their base and bonus compensation for the purchase of Nordstrom common stock. At the end of each six-month offering period, participants apply their accumulated payroll deductions toward the purchase of shares of our common stock at 90% of the fair market value on the last day of the offer period. As of January 29, 2022, we had 16.1 shares authorized and 3.3 shares available for issuance under the ESPP. We issued 0.5 and 1.0 shares under the ESPP during 2021 and 2020. At the end of 2021 and 2020, we had current liabilities of $6 and $5 for future purchases of shares under the ESPP.

The following table summarizes our stock-based compensation expense:


Fiscal year	2021	2020	2019
RSUs	$52	$53	$49
Stock options	22	12	11
Other1	5	2	9
Total stock-based compensation expense, before income tax benefit	79	67	69
Income tax benefit	(20)	(26)	(18)
Total stock-based compensation expense, net of income tax benefit	$59	$41	$51

1 Other stock-based compensation expense includes PSUs, ESPP and nonemployee director stock awards.

The stock-based compensation expense before income tax benefit was recorded in our Consolidated Statements of Earnings as follows:


Fiscal year	2021	2020	2019
Cost of sales and related buying and occupancy costs	$15	$16	$20
SG&A expenses	64	51	49
Total stock-based compensation expense, before income tax benefit	$79	$67	$69

Restricted Stock

Our Compensation, People and Culture Committee of our Board of Directors approves grants of restricted stock units to employees. The number of units granted to an individual are determined based upon a percentage of the recipient’s base salary and the fair value of the restricted stock. Restricted stock units typically vest over four years.

A summary of restricted stock unit activity for 2021 is presented below:


Fiscal year	2021
	Shares	Weighted-average grant date fair value per unit
Outstanding, beginning of year	4.8	$37
Granted	1.8	31
Vested	(1.4)	35
Forfeited or cancelled	(0.6)	28
Outstanding, end of year	4.6	$36

The aggregate fair value of restricted stock units vested during 2021, 2020 and 2019 was $50, $44 and $65. As of January 29, 2022, the total unrecognized stock-based compensation expense related to nonvested restricted stock units was $61, which is expected to be recognized over a weighted-average period of 28 months.

Stock Options

Our Compensation, People and Culture Committee of our Board of Directors approves grants of non-qualified stock options to employees. We used the following assumptions to estimate the fair value for stock options at each grant date:


Fiscal year		2021		20201		2019
Assumptions
	Risk-free interest rate: Represents the yield on U.S. Treasury zero-coupon securities that mature over the 10-year life of the stock options.	0.11% – 1.51%		0.18% – 0.62%		2.5% – 2.7%
	Weighted-average volatility: Based on a combination of the historical volatility of our common stock and the implied volatility of exchange-traded options for our common stock.	52.2	%	60.1	%	34.6	%
	Weighted-average expected dividend yield: Our forecasted dividend yield for the next 10 years.	3.4	%	3.4	%	1.9	%
	Expected life in years: Represents the estimated period of time until option exercise. The expected term of options granted was derived from the output of the Binomial Lattice option valuation model and was based on our historical exercise behavior, taking into consideration the contractual term of the option and our employees’ expected exercise and post-vesting employment termination behavior.	8.3		7.7		6.8

Grant Date Information
	Date of grant	March 4, 2021		June 1, 2020		March 5, 2019
	Weighted-average fair value per option	$13		$7		15
	Exercise price per option	$36		$17		45

1 Additional non-qualified stock options were also granted to certain company leaders on August 27, 2020 at an exercise price per option of $15. The assumptions used to estimate the fair value for the additional stock options were similar to the 2020 grant assumptions presented in this table. In 2020, we also granted stock options to certain qualified employees outside of the June and August grant dates, which were insignificant in aggregate.

The number of awards granted to an individual are determined based upon award amounts and fair value of stock options at the time of grant. Our options primarily vest equally over a four-year period or at the end of two years, and expire ten years after the date of grant.

A summary of stock option activity for 2021 is presented below:


Fiscal year	2021
	Shares	Weighted- average exercise price	Weighted-average remaining contractual life (years)	Aggregate intrinsic value
Outstanding, beginning of year	11.0	$40
Granted	1.2	36
Exercised	—	37
Forfeited or cancelled	(1.8)	42
Outstanding, end of year	10.4	$39	5	$183
Vested, end of year	5.2	$54	3	$170
Vested or expected to vest, end of year	10.2	$40	5	$180

Fiscal year		2021	2020	2019
Aggregate intrinsic value of options exercised		$—	$1	$5
Fair value of stock options vested		$2	$8	$17

As of January 29, 2022, the total unrecognized stock-based compensation expense related to nonvested stock options was $12, which is expected to be recognized over a weighted-average period of 18 months.

Shareholders' Equity

12 Months Ended

Jan. 29, 2022

Stockholders' Equity Note [Abstract]

Shareholders' Equity

NOTE 11: SHAREHOLDERS’ EQUITY

Changes in the number of issued and outstanding shares of our common stock in 2021, 2020 and 2019 are the result of share repurchases and compensation plan issuances (see Note 10: Stock-based Compensation). The following is a summary of the activity related to our share repurchase programs in 2021, 2020 and 2019:


	Shares	Average price per share	Amount
Capacity at February 2, 2019			$893

Shares repurchased	4.1	$45	(186)

Capacity at February 1, 2020			707

Shares repurchased	—	$—	—
Capacity at January 30, 2021			707

Shares repurchased	—	$—	—

Capacity at January 29, 2022			$707

The actual timing, price, manner and amounts of future share repurchases, if any, will be subject to the discretion of the Board of Directors, contractual commitments, market and economic conditions and applicable SEC rules.

Our Revolver contains negative covenants with respect to payment of dividends and share repurchases. Under our Revolver amendment, we created flexibility for dividends and share repurchases, provided certain requirements are met (see Note 5: Debt and Credit Facilities).

We paid no dividends in 2021, $0.37 per share in 2020 and $1.48 per share in 2019.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Income Taxes

12 Months Ended

Jan. 29, 2022

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 12: INCOME TAXES

U.S. and foreign components of earnings before income taxes were as follows:


Fiscal year	2021	2020	2019
U.S.	$241	($1,210)	$654
Foreign	5	(18)	28
Earnings (loss) before income taxes	$246	($1,228)	$682

Income tax expense (benefit) consists of the following:


Fiscal year	2021	2020	2019
Current income taxes:
Federal	$61	($501)	$90
State and local	18	(34)	44
Foreign	—	4	—
Total current income tax expense (benefit)	79	(531)	134
Deferred income taxes:
Federal	(10)	47	43
State and local	(5)	(57)	3
Foreign	4	3	6
Total deferred income tax (benefit) expense	(11)	(7)	52
Total income tax expense (benefit)	$68	($538)	$186

A reconciliation of the statutory federal income tax rate to the effective tax rate on earnings (loss) before income taxes is as follows:


Fiscal year	2021		2020		2019
Statutory rate	21.0	%	21.0	%	21.0	%
CARES Act impact	(0.9	%)	17.6	%	—
State and local income taxes, net of federal income taxes	3.4	%	6.1	%	5.4	%
Federal credits	(4.0	%)	0.5	%	(0.9	%)
Non-deductible expenses1	2.7	%	(0.3	%)	0.9	%
Stock-based compensation1	2.0	%	(1.0	%)	0.8	%
Valuation allowance1	1.8	%	(0.8	%)	(0.1	%)
Taxes on foreign operations1	1.3	%	0.4	%	1.0	%
Other, net1	0.2	%	0.3	%	(0.8	%)
Effective tax rate	27.5	%	43.8	%	27.3	%

1 We reclassified immaterial prior year amounts that were included in the other, net category to conform with current period presentation.

The components of deferred tax assets and liabilities are as follows:


	January 29, 2022	January 30, 2021
Deferred tax assets:
Lease liabilities	$471	$505
Compensation and benefits accruals	133	139
Allowance for sales returns	59	43
Accrued expenses	27	28
Merchandise inventories	35	22
Gift cards	25	10
The Nordy Club loyalty program	5	19
Net operating losses	81	72
Other	9	23
Total deferred tax assets	845	861
Valuation allowance	(28)	(24)
Total deferred tax assets, net of valuation allowance	817	837
Deferred tax liabilities:
ROU assets	(326)	(337)
Land, property and equipment	(327)	(341)
Debt exchange premium	(12)	(12)
Total deferred tax liabilities	(665)	(690)
Net deferred tax assets	$152	$147

The following sets forth information on approximate net operating loss carryforwards for income tax purposes:


	January 29, 2022	January 30, 2021
State	$1,114	$1,036
Foreign	50	54

The net operating loss carryforwards are subject to certain statutory limitations of applicable state and foreign laws. If not utilized, a portion of our state and foreign net operating loss carryforwards will begin to expire in 2024 and 2033.

As of January 29, 2022 and January 30, 2021, we believe there are certain foreign net operating loss carryforwards and deferred tax assets that will not be realized in the foreseeable future. As such, valuation allowances of $28 and $24 have been recorded as of January 29, 2022 and January 30, 2021. In 2021 and 2020, the valuation allowance increased $4 and decreased $17.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:


Fiscal year	2021	2020	2019
Unrecognized tax benefit at beginning of year	$32	$22	$30
Gross increase to tax positions in prior periods	11	4	—

Gross increase to tax positions in current period	6	6	3
Lapses in statute	—	—	(1)
Settlements	(2)	—	(10)
Unrecognized tax benefit at end of year	$47	$32	$22

At the end of 2021 and 2020, $39 and $30 of the ending gross unrecognized tax benefit related to items which, if recognized, would affect the effective tax rate.

There was no material expense for interest and penalties in 2021, 2020 and 2019. At the end of 2021 and 2020, our liability for interest and penalties was $7 and $4.

We file income tax returns in the U.S. and a limited number of foreign jurisdictions. With few exceptions, we are no longer subject to federal, state and local, or non-U.S. income tax examinations for years before 2012. As of January 29, 2022, we believe it is reasonably possible unrecognized tax benefits related to federal, state and local tax positions may decrease $39 by January 28, 2023, due to the completion of examinations and the expiration of various statutes of limitations.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

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-Name Accounting Standards Codification
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+ Details

Commitments And Contingencies	12 Months Ended
Commitments And Contingencies	Jan. 29, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	NOTE 13: COMMITMENTS AND CONTINGENCIES Our estimated total purchase obligations, which primarily consist of inventory purchase orders and capital expenditure commitments, were $2,576 as of January 29, 2022. These purchase obligations are primarily payable within one year. Our NYC flagship store opened in October 2019 and the related building and equipment assets were placed into service at the end of the third quarter of 2019. While our store has opened, construction continues in the residential condominium units above the store. As of January 29, 2022, we have a fee interest in the retail condominium unit. In the third quarter of 2021, we paid the majority of our final installment payment based on the developer meeting final pre-established construction and development milestones.

Earnings Per Share

12 Months Ended

Jan. 29, 2022

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 14: EARNINGS PER SHARE

Earnings per basic share is computed using the weighted-average number of common shares outstanding during the year. Earnings per diluted share uses the weighted-average number of common shares outstanding during the year plus dilutive common stock equivalents, primarily RSUs and stock options. Dilutive common stock is calculated using the treasury stock method and includes unvested RSUs and outstanding options that would reduce the amount of earnings for which each share is entitled. Anti-dilutive shares (including stock options and other shares) are excluded from the calculation of diluted shares and earnings per diluted share because their impact could increase earnings per diluted share. The computation of earnings per share is as follows:


Fiscal year	2021	2020	2019
Net earnings (loss)	$178	($690)	$496

Basic shares	159.0	157.2	155.2
Dilutive effect of common stock equivalents	3.5	—	0.9
Diluted shares	162.5	157.2	156.1

Earnings (loss) per basic share	$1.12	($4.39)	$3.20
Earnings (loss) per diluted share	$1.10	($4.39)	$3.18

Anti-dilutive common stock equivalents	8.1	13.5	10.0

Segment Reporting

12 Months Ended

Jan. 29, 2022

Segment Reporting [Abstract]

Segment Reporting

NOTE 15: SEGMENT REPORTING

Segments

We continually monitor and review our segment reporting structure in accordance with authoritative guidance to determine whether any changes have occurred that would impact our reportable segments. We have one reportable “Retail” segment to align with how management operates and evaluates the results of our operations. Our principal executive officer, who is our CODM, reviews results on a total Company, Nordstrom and Nordstrom Rack basis and uses EBIT as a measure of profitability.

Our Retail reportable segment aggregates our two operating segments, Nordstrom and Nordstrom Rack. Nordstrom consists of Nordstrom.com, TrunkClub.com, Nordstrom-branded U.S. stores, Canada, which includes Nordstrom.ca, Nordstrom Canadian stores and Nordstrom Rack Canadian stores, and Nordstrom Local. Nordstrom Rack consists of NordstromRack.com, Nordstrom Rack-branded U.S. stores, Last Chance clearance stores and, prior to the first quarter of 2021, HauteLook.com.

Our Nordstrom and Nordstrom Rack operating segments both generate revenue by offering customers an extensive selection of high-quality brand-name and private label merchandise for women, men, young adults and children focused on apparel, shoes, beauty, accessories and home goods. We continue to focus on omni-channel initiatives by integrating the operations, merchandising and technology necessary to be consistent with our customers’ expectations of a seamless shopping experience regardless of channel or business. Nordstrom and Nordstrom Rack have historically had similar economic characteristics and are expected to have similar economic characteristics and long-term financial performance in future periods. They also have other similar qualitative characteristics, including suppliers, method of distribution, type of customer and regulatory environment. Due to their similar qualitative and economic characteristics, we have aggregated our Nordstrom and Nordstrom Rack operating segments into a single reportable segment.

Amounts in the Corporate/Other column include unallocated corporate expenses and assets (including unallocated assets in corporate headquarters, consisting primarily of cash, land, buildings and equipment and deferred tax assets), inter-segment eliminations and other adjustments to segment results necessary for the presentation of consolidated financial results in accordance with GAAP.

Accounting Policy

We present our segment results for all years in the way that management views our results internally and the accounting policies of the operating segments are the same as those described in Note 1: Nature of Operations and Summary of Significant Accounting Policies.

The following table sets forth information for our reportable segment:


	Retail	Corporate/Other	Total
Fiscal year 2021
Net sales	$14,402	$—	$14,402
Credit card revenues, net	—	387	387
Earnings (loss) before interest and income taxes	687	(195)	492



Capital expenditures	(218)	(288)	(506)
Depreciation and amortization	(350)	(265)	(615)
Assets	6,244	2,625	8,869

Fiscal year 2020
Net sales	$10,357	$—	$10,357
Credit card revenues, net	—	358	358
Loss before interest and income taxes	(924)	(123)	(1,047)



Capital expenditures	(175)	(210)	(385)
Depreciation and amortization	(404)	(267)	(671)
Assets	6,100	3,438	9,538

Fiscal year 2019
Net sales	$15,132	$—	$15,132
Credit card revenues, net	—	392	392
Earnings (loss) before interest and income taxes	1,028	(244)	784



Capital expenditures	(726)	(209)	(935)
Depreciation and amortization	(428)	(233)	(661)
Assets	6,831	2,906	9,737

For information about disaggregated revenues, see Note 2: Revenue.

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Nature Of Operations And Summary Of Significant Accounting Policies (Policy)

12 Months Ended

Jan. 29, 2022

Accounting Policies [Abstract]

Fiscal Year

Principles of Consolidation

The Consolidated Financial Statements include the balances of Nordstrom, Inc. and its subsidiaries. All intercompany transactions and balances are eliminated in consolidation.

Use of Estimates

Revenue

Net Sales

Loyalty Program

Gift Cards

As of January 29, 2022 and January 30, 2021, our outstanding performance obligation for unredeemed gift cards was $366 and $341. Almost all gift cards are redeemed within two years of issuance.

Credit Card Revenues, net

Cost of Sales

Cost of SalesCost of sales primarily includes the purchase and manufacturing costs of inventory sold, net of vendor allowances, and in-bound freight expense.

Buying and Occupancy Costs

Selling, General and Administrative Expenses

SG&A expenses consist primarily of compensation and benefit, marketing, outbound supply chain and technology costs.

Severance

Advertising

Shipping and Handling Costs

Shipping and Fulfillment Costs

Vendor Allowances


Fiscal year	2021	2020	2019
Purchase price adjustments	$108	$77	$171
Beauty expenses	103	79	140
Advertising	110	82	101
Other	3	2	6
Total vendor allowances	$324	$240	$418

Stock-Based Compensation

New Store Opening Costs

Income Taxes

CARES Act

Comprehensive Net Earnings

Comprehensive Net EarningsComprehensive net earnings consist of net earnings and other gains and losses affecting equity that are excluded from net earnings. These consist of postretirement plan adjustments, net of related income tax effects, and foreign currency translation adjustments.

Cash Equivalents

Accounts Receivable

Accounts receivable, net primarily includes receivables from TD related to our program agreement, non-Nordstrom-branded credit and debit cards and developer reimbursements.

Merchandise Inventories

Leases

Land, Property and Equipment


Asset			Life (in years)
Buildings and improvements			5 – 40
Store fixtures and equipment			3 – 15
Leasehold improvements			5 – 40
Capitalized software			2 – 7

Long-Lived Assets


Fiscal year			2020
Long-lived asset impairment1			$96
Operating lease ROU asset impairment1			41
Total asset impairment			$137

1 As of January 30, 2021, the carrying value of the applicable long-lived and operating lease ROU assets after impairment was $13 and $3.

These charges are primarily included in our Retail segment SG&A expense on the Consolidated Statement of Earnings.

NOTE 14: EARNINGS PER SHARE Earnings per basic share is computed using the weighted-average number of common shares outstanding during the year. Earnings per diluted share uses the weighted-average number of common shares outstanding during the year plus dilutive common stock equivalents, primarily RSUs and stock options. Dilutive common stock is calculated using the treasury stock method and includes unvested RSUs and outstanding options that would reduce the amount of earnings for which each share is entitled. Anti-dilutive shares (including stock options and other shares) are excluded from the calculation of diluted shares and earnings per diluted share because their impact could increase earnings per diluted share.

Segment Reporting

Accounting PolicyWe present our segment results for all years in the way that management views our results internally and the accounting policies of the operating segments are the same as those described in Note 1: Nature of Operations and Summary of Significant Accounting Policies

Nature Of Operations And Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 29, 2022

Accounting Policies [Abstract]

Vendor Allowances

Vendor allowances earned are as follows:


Fiscal year	2021	2020	2019
Purchase price adjustments	$108	$77	$171
Beauty expenses	103	79	140
Advertising	110	82	101
Other	3	2	6
Total vendor allowances	$324	$240	$418

Estimated Useful Life Of Land, Property And Equipment By Asset Category

Depreciation and amortization are computed using the straight-line method over the asset’s estimated useful life, which is determined by asset category as follows:


Asset			Life (in years)
Buildings and improvements			5 – 40
Store fixtures and equipment			3 – 15
Leasehold improvements			5 – 40
Capitalized software			2 – 7

The following table provides details related to asset impairment charges as a result of COVID-19:


Fiscal year			2020
Long-lived asset impairment1			$96
Operating lease ROU asset impairment1			41
Total asset impairment			$137

1 As of January 30, 2021, the carrying value of the applicable long-lived and operating lease ROU assets after impairment was $13 and $3.

Revenue (Tables)

12 Months Ended

Jan. 29, 2022

Revenue from Contract with Customer [Abstract]

Summary Of Contract Liabilities

Our contract liabilities are classified as current on the Consolidated Balance Sheets and are as follows:


			Contract Liabilities
Balance as of February 1, 2020			$576
Balance as of January 30, 2021			478
Balance as of January 29, 2022			478

Disaggregated Net Sales

The following table summarizes our disaggregated net sales:


Fiscal year	2021	2020	2019
Nordstrom	$9,640	$6,997	$9,943
Nordstrom Rack	4,762	3,360	5,189
Total net sales	$14,402	$10,357	$15,132

Digital sales as a % of total net sales	42%	55%	33%

Percent Of Net Sales By Merchandise Category Summary

The following table summarizes the percent of net sales by merchandise category:


Fiscal year	2021	2020	2019
Women’s Apparel	28%	29%	31%
Shoes	25%	26%	24%
Women’s Accessories	14%	14%	11%
Men’s Apparel	14%	12%	16%
Beauty	12%	12%	11%
Kids’ Apparel	4%	4%	4%
Other	3%	3%	3%
Total net sales	100%	100%	100%

Land, Property And Equipment (Tables)

12 Months Ended

Jan. 29, 2022

Property, Plant and Equipment [Abstract]

Schedule Of Land, Property And Equipment

Land, property and equipment consist of the following:


	January 29, 2022	January 30, 2021
Land and land improvements	$285	$285
Buildings and building improvements	1,338	1,446
Leasehold improvements	3,350	3,212
Store fixtures and equipment	4,038	3,993
Capitalized software	1,915	1,724
Construction in progress	373	231
Land, property and equipment	11,299	10,891
Less: accumulated depreciation and amortization	(7,737)	(7,159)
Land, property and equipment, net	$3,562	$3,732

Leases (Tables)

12 Months Ended

Jan. 29, 2022

Leases [Abstract]

Components Of Lease Cost

The following table summarizes the components of lease cost:


Fiscal year	2021	2020
Operating Lease Cost	$265	$263
Variable lease cost1	100	100
Sublease income	(20)	(19)
Total lease cost, net	$345	$344

1 Variable lease cost includes short-term lease cost, which was immaterial in 2021 and 2020.

Future Lease Payments

The following table summarizes future lease payments as of January 29, 2022:


Fiscal year									Operating Leases
2022									$320
2023									339
2024									294
2025									246
2026									201
Thereafter									841
Total lease payments1									2,241

Less: amount representing interest									(443)
Present value of net lease payments2									$1,798

1 Total lease payments do not include payments for variable lease costs that are required by most of our lease agreements and are based on a percentage of sales.

2 Total lease payments exclude $46 of lease payments for operating leases that were signed but not yet commenced as of January 29, 2022.

Supplemental Lease Information

The following table includes supplemental information:


Fiscal year	2021		2020
Cash paid related to operating lease liabilities	$371		$332
Operating lease interest	87		95

Operating lease liabilities arising from lease agreements	137		79



	January 29, 2022		January 30, 2021
Weighted-average remaining lease term	9 years		9 years
Weighted-average discount rate	4.7	%	4.7	%

Debt And Credit Facilities (Tables)

12 Months Ended

Jan. 29, 2022

Debt Disclosure [Abstract]

Summary Of Long-Term Debt

A summary of our long-term debt is as follows:


	January 29, 2022	January 30, 2021






Long-term debt, net of unamortized discount:

Senior notes, 4.00%, due October 2021	$—	$500
Senior notes, 2.30%, due April 2024	250	—
Secured Notes, 8.75%, due May 2025	—	600
Senior notes, 4.00%, due March 2027	349	349
Senior debentures, 6.95%, due March 2028	300	300
Senior notes, 4.375%, due April 2030	500	500
Senior notes, 4.25%, due August 2031	425	—
Senior notes, 7.00%, due January 2038	147	147
Senior notes, 5.00%, due January 20441	903	900
Deferred bond issuance costs	(21)	(27)
Total long-term debt	2,853	3,269

Less: current portion	—	(500)
Total due beyond one year	$2,853	$2,769

1 The unamortized discount on these notes was $63 and $66 as of January 29, 2022 and January 30, 2021.

Schedule Of Required Principal Payments On Long-Term Debt

Required principal payments on long-term debt are as follows:


Fiscal year1
2022			$—
2023			—
2024			250
2025			—
2026			—
Thereafter			2,689

1 Required principal payments exclude estimated future interest payments of $1,799 as of January 29, 2022, with $144 payable within one year.

Components Of Interest Expense, Net

The components of interest expense, net are as follows:


Fiscal year	2021	2020	2019
Interest on long-term debt and short-term borrowings	$258	$199	$151
Less:
Interest income	(1)	(3)	(10)
Capitalized interest	(11)	(15)	(39)
Interest expense, net	$246	$181	$102

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
-Topic 235
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-Subparagraph (SX 210.12-04(a))
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+ Details

Fair Value Measurements (Tables)

12 Months Ended

Jan. 29, 2022

Fair Value Disclosures [Abstract]

Summary Of Carrying Value And Fair Value Estimate Of Long-Term Debt, Including Current Maturities

The following table summarizes the carrying value and fair value estimate of our long-term debt, including current maturities:


	January 29, 2022	January 30, 2021
Carrying value of long-term debt	$2,853	$3,269
Fair value of long-term debt	2,758	3,430

Self-Insurance (Tables)

12 Months Ended

Jan. 29, 2022

Self Insurance [Abstract]

Summary Of Self-Insurance Reserves

Our self-insurance reserves are summarized as follows:


	January 29, 2022	January 30, 2021
Workers’ compensation	$77	$74
Employee health and welfare	28	25
Other liability	20	15
Total self-insurance reserve	$125	$114

SERP (Tables)

12 Months Ended

Jan. 29, 2022

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Benefit Obligations And Funded Status

Our benefit obligation and funded status is as follows:


	January 29, 2022	January 30, 2021
Change in benefit obligation:
Benefit obligation at beginning of year	$229	$224
Participant service cost	2	2
Interest cost	5	6
Benefits paid	(10)	(10)
Actuarial (gain) loss	(14)	7

Benefit obligation at end of year	212	229
Change in plan assets:
Fair value of plan assets at beginning of year	—	—
Employer contribution	10	10
Benefits paid	(10)	(10)
Fair value of plan assets at end of year	—	—
Underfunded status at end of year	($212)	($229)

Amounts Recognized As Liabilities In The Consolidated Balance Sheets

Amounts recognized as liabilities in the Consolidated Balance Sheets consist of the following:


	January 29, 2022	January 30, 2021
Accrued salaries, wages and related benefits	$11	$11
Other liabilities (noncurrent)	201	218
Net amount recognized	$212	$229

Components Of SERP Expense Recognized In The Consolidated Statements Of Earnings

The components of SERP expense recognized in SG&A expense on the Consolidated Statements of Earnings are as follows:


Fiscal year	2021	2020	2019
Participant service cost	$2	$2	$2
Interest cost	5	6	7
Amortization of net loss and other	8	9	1
Total SERP expense	$15	$17	$10

Amounts Recognized In Accumulated Other Comprehensive Loss (Pre-Tax)

Accumulated Other Comprehensive Loss

Amounts recognized in accumulated other comprehensive loss (pre-tax) consist of the following:


	2021	2020	2019
Actuarial (gain) loss	(14)	7	34
Amortization of net loss and other	(8)	(9)	(1)
Total recognized in accumulated other comprehensive loss	($22)	($2)	$33

Weighted-Average Assumptions Used To Determine Benefit Obligations And SERP Expense

Weighted-average assumptions used to determine our benefit obligation and SERP expense are as follows:


Fiscal year	2021		2020		2019
Assumptions used to determine benefit obligation:
Discount rate	3.19	%	2.62	%	2.97	%
Rate of compensation increase	2.50	%	2.50	%	2.50	%
Assumptions used to determine SERP expense:
Discount rate	2.62	%	2.97	%	4.27	%
Rate of compensation increase	2.50	%	2.50	%	2.50	%

Expected Future Benefit Payments Including Benefits Attributable To Estimated Future Employee Service

As of January 29, 2022, the expected future benefit payments based upon the assumptions described above and including benefits attributable to estimated future employee service are as follows:


Fiscal year
2022			$11
2023			12
2024			12
2025			12
2026			12
2027 – 2031			61
Thereafter			92

Stock-Based Compensation (Tables)

12 Months Ended

Jan. 29, 2022

Share-based Payment Arrangement, Noncash Expense [Abstract]

Summary Of Stock-Based Compensation Expense

The following table summarizes our stock-based compensation expense:


Fiscal year	2021	2020	2019
RSUs	$52	$53	$49
Stock options	22	12	11
Other1	5	2	9
Total stock-based compensation expense, before income tax benefit	79	67	69
Income tax benefit	(20)	(26)	(18)
Total stock-based compensation expense, net of income tax benefit	$59	$41	$51

1 Other stock-based compensation expense includes PSUs, ESPP and nonemployee director stock awards.

Stock-Based Compensation Expense Before Income Tax Benefit

The stock-based compensation expense before income tax benefit was recorded in our Consolidated Statements of Earnings as follows:


Fiscal year	2021	2020	2019
Cost of sales and related buying and occupancy costs	$15	$16	$20
SG&A expenses	64	51	49
Total stock-based compensation expense, before income tax benefit	$79	$67	$69

Summary Of Restricted Stock Unit Activity

A summary of restricted stock unit activity for 2021 is presented below:


Fiscal year	2021
	Shares	Weighted-average grant date fair value per unit
Outstanding, beginning of year	4.8	$37
Granted	1.8	31
Vested	(1.4)	35
Forfeited or cancelled	(0.6)	28
Outstanding, end of year	4.6	$36

Assumptions To Estimate The Fair Value For Stock Options At Grant Date

We used the following assumptions to estimate the fair value for stock options at each grant date:


Fiscal year		2021		20201		2019
Assumptions
	Risk-free interest rate: Represents the yield on U.S. Treasury zero-coupon securities that mature over the 10-year life of the stock options.	0.11% – 1.51%		0.18% – 0.62%		2.5% – 2.7%
	Weighted-average volatility: Based on a combination of the historical volatility of our common stock and the implied volatility of exchange-traded options for our common stock.	52.2	%	60.1	%	34.6	%
	Weighted-average expected dividend yield: Our forecasted dividend yield for the next 10 years.	3.4	%	3.4	%	1.9	%
	Expected life in years: Represents the estimated period of time until option exercise. The expected term of options granted was derived from the output of the Binomial Lattice option valuation model and was based on our historical exercise behavior, taking into consideration the contractual term of the option and our employees’ expected exercise and post-vesting employment termination behavior.	8.3		7.7		6.8

Grant Date Information
	Date of grant	March 4, 2021		June 1, 2020		March 5, 2019
	Weighted-average fair value per option	$13		$7		15
	Exercise price per option	$36		$17		45

Summary Of Stock Option Activity

A summary of stock option activity for 2021 is presented below:


Fiscal year	2021
	Shares	Weighted- average exercise price	Weighted-average remaining contractual life (years)	Aggregate intrinsic value
Outstanding, beginning of year	11.0	$40
Granted	1.2	36
Exercised	—	37
Forfeited or cancelled	(1.8)	42
Outstanding, end of year	10.4	$39	5	$183
Vested, end of year	5.2	$54	3	$170
Vested or expected to vest, end of year	10.2	$40	5	$180

Fiscal year		2021	2020	2019
Aggregate intrinsic value of options exercised		$—	$1	$5
Fair value of stock options vested		$2	$8	$17

Shareholders' Equity (Tables)

12 Months Ended

Jan. 29, 2022

Stockholders' Equity Note [Abstract]

Summary Of Share Repurchase Program Activity

The following is a summary of the activity related to our share repurchase programs in 2021, 2020 and 2019:


	Shares	Average price per share	Amount
Capacity at February 2, 2019			$893

Shares repurchased	4.1	$45	(186)

Capacity at February 1, 2020			707

Shares repurchased	—	$—	—
Capacity at January 30, 2021			707

Shares repurchased	—	$—	—

Capacity at January 29, 2022			$707

Income Taxes (Tables)

12 Months Ended

Jan. 29, 2022

Income Tax Disclosure [Abstract]

U.S. And Foreign Components Of Earnings Before Income Taxes

U.S. and foreign components of earnings before income taxes were as follows:


Fiscal year	2021	2020	2019
U.S.	$241	($1,210)	$654
Foreign	5	(18)	28
Earnings (loss) before income taxes	$246	($1,228)	$682

Components Of Income Tax Expense

Income tax expense (benefit) consists of the following:


Fiscal year	2021	2020	2019
Current income taxes:
Federal	$61	($501)	$90
State and local	18	(34)	44
Foreign	—	4	—
Total current income tax expense (benefit)	79	(531)	134
Deferred income taxes:
Federal	(10)	47	43
State and local	(5)	(57)	3
Foreign	4	3	6
Total deferred income tax (benefit) expense	(11)	(7)	52
Total income tax expense (benefit)	$68	($538)	$186

Reconciliation Of Statutory To Effective Tax Rate

A reconciliation of the statutory federal income tax rate to the effective tax rate on earnings (loss) before income taxes is as follows:


Fiscal year	2021		2020		2019
Statutory rate	21.0	%	21.0	%	21.0	%
CARES Act impact	(0.9	%)	17.6	%	—
State and local income taxes, net of federal income taxes	3.4	%	6.1	%	5.4	%
Federal credits	(4.0	%)	0.5	%	(0.9	%)
Non-deductible expenses1	2.7	%	(0.3	%)	0.9	%
Stock-based compensation1	2.0	%	(1.0	%)	0.8	%
Valuation allowance1	1.8	%	(0.8	%)	(0.1	%)
Taxes on foreign operations1	1.3	%	0.4	%	1.0	%
Other, net1	0.2	%	0.3	%	(0.8	%)
Effective tax rate	27.5	%	43.8	%	27.3	%

1 We reclassified immaterial prior year amounts that were included in the other, net category to conform with current period presentation.

Components Of Deferred Tax Assets And Liabilities

The components of deferred tax assets and liabilities are as follows:


	January 29, 2022	January 30, 2021
Deferred tax assets:
Lease liabilities	$471	$505
Compensation and benefits accruals	133	139
Allowance for sales returns	59	43
Accrued expenses	27	28
Merchandise inventories	35	22
Gift cards	25	10
The Nordy Club loyalty program	5	19
Net operating losses	81	72
Other	9	23
Total deferred tax assets	845	861
Valuation allowance	(28)	(24)
Total deferred tax assets, net of valuation allowance	817	837
Deferred tax liabilities:
ROU assets	(326)	(337)
Land, property and equipment	(327)	(341)
Debt exchange premium	(12)	(12)
Total deferred tax liabilities	(665)	(690)
Net deferred tax assets	$152	$147

Information On Approximate Net Operating Loss Carryforwards

The following sets forth information on approximate net operating loss carryforwards for income tax purposes:


	January 29, 2022	January 30, 2021
State	$1,114	$1,036
Foreign	50	54

Reconciliation Of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:


Fiscal year	2021	2020	2019
Unrecognized tax benefit at beginning of year	$32	$22	$30
Gross increase to tax positions in prior periods	11	4	—

Gross increase to tax positions in current period	6	6	3
Lapses in statute	—	—	(1)
Settlements	(2)	—	(10)
Unrecognized tax benefit at end of year	$47	$32	$22

Earnings Per Share (Tables)

12 Months Ended

Jan. 29, 2022

Earnings Per Share [Abstract]

Computation Of Earnings Per Share

The computation of earnings per share is as follows:


Fiscal year	2021	2020	2019
Net earnings (loss)	$178	($690)	$496

Basic shares	159.0	157.2	155.2
Dilutive effect of common stock equivalents	3.5	—	0.9
Diluted shares	162.5	157.2	156.1

Earnings (loss) per basic share	$1.12	($4.39)	$3.20
Earnings (loss) per diluted share	$1.10	($4.39)	$3.18

Anti-dilutive common stock equivalents	8.1	13.5	10.0

Segment Reporting (Tables)

12 Months Ended

Jan. 29, 2022

Segment Reporting [Abstract]

Information By Reportable Segment

The following table sets forth information for our reportable segment:


	Retail	Corporate/Other	Total
Fiscal year 2021
Net sales	$14,402	$—	$14,402
Credit card revenues, net	—	387	387
Earnings (loss) before interest and income taxes	687	(195)	492



Capital expenditures	(218)	(288)	(506)
Depreciation and amortization	(350)	(265)	(615)
Assets	6,244	2,625	8,869

Fiscal year 2020
Net sales	$10,357	$—	$10,357
Credit card revenues, net	—	358	358
Loss before interest and income taxes	(924)	(123)	(1,047)



Capital expenditures	(175)	(210)	(385)
Depreciation and amortization	(404)	(267)	(671)
Assets	6,100	3,438	9,538

Fiscal year 2019
Net sales	$15,132	$—	$15,132
Credit card revenues, net	—	392	392
Earnings (loss) before interest and income taxes	1,028	(244)	784



Capital expenditures	(726)	(209)	(935)
Depreciation and amortization	(428)	(233)	(661)
Assets	6,831	2,906	9,737

Nature Of Operations And Summary Of Significant Accounting Policies (Vendor Allowances) (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Nature Of Retail Operations [Line Items]
Total vendor allowances	$ 324	$ 240	$ 418
Purchase price adjustments [Member]
Nature Of Retail Operations [Line Items]
Total vendor allowances	108	77	171
Beauty expenses [Member]
Nature Of Retail Operations [Line Items]
Total vendor allowances	103	79	140
Advertising [Member]
Nature Of Retail Operations [Line Items]
Total vendor allowances	110	82	101
Other [Member]
Nature Of Retail Operations [Line Items]
Total vendor allowances	$ 3	$ 2	$ 6

Nature Of Operations And Summary Of Significant Accounting Policies (Estimated Useful Life of Land, Property And Equipment By Asset Category) (Details)	12 Months Ended
	Jan. 29, 2022
Buildings and improvements [Member] \| Minimum [Member]
Land, Property and Equipment [Line Items]
Estimated useful life (in years)	5 years
Buildings and improvements [Member] \| Maximum [Member]
Land, Property and Equipment [Line Items]
Estimated useful life (in years)	40 years
Store fixtures and equipment [Member] \| Minimum [Member]
Land, Property and Equipment [Line Items]
Estimated useful life (in years)	3 years
Store fixtures and equipment [Member] \| Maximum [Member]
Land, Property and Equipment [Line Items]
Estimated useful life (in years)	15 years
Leasehold improvements [Member] \| Minimum [Member]
Land, Property and Equipment [Line Items]
Estimated useful life (in years)	5 years
Leasehold improvements [Member] \| Maximum [Member]
Land, Property and Equipment [Line Items]
Estimated useful life (in years)	40 years
Capitalized software [Member] \| Minimum [Member]
Land, Property and Equipment [Line Items]
Estimated useful life (in years)	2 years
Capitalized software [Member] \| Maximum [Member]
Land, Property and Equipment [Line Items]
Estimated useful life (in years)	7 years

Nature Of Operations And Summary Of Significant Accounting Policies (COVID-19 Related Asset Impairment Charges) (Details) - USD ($)
$ in Millions

12 Months Ended

Jan. 29, 2022

Jan. 30, 2021

Land, Property and Equipment [Line Items]

Long-lived asset impairment

^[1]

$ 96

Operating lease ROU asset impairment

^[1]

Total asset impairment

$ 0

137

Applicable long-lived assets [Member]

Land, Property and Equipment [Line Items]

Carrying value of applicable assets after impairment

Applicable operating lease ROU assets [Member]

Land, Property and Equipment [Line Items]

Carrying value of applicable assets after impairment

$ 3

[1]	As of January 30, 2021, the carrying value of the applicable long-lived and operating lease ROU assets after impairment was $13 and $3.

Nature Of Operations And Summary Of Significant Accounting Policies (Narrative) (Details) $ in Millions	12 Months Ended
	Jan. 29, 2022 USD ($) state province store	Jan. 30, 2021 USD ($)	Feb. 01, 2020 USD ($)
Nature Of Retail Operations [Line Items]
Number of states in which company operates \| state	40
Number of provinces in which the company operates \| province	3
Sales return allowance	$ 411	$ 299
Estimated returns asset	186	134
Contract liabilities	478	478	$ 576
Gift card breakage income	39	81	17
Restructuring costs	88
Advertising expense, net of vendor allowances	300	283	299
Selling, general and administrative expenses	4,953	4,162	4,808
Employee retention payroll tax credits	7	69
Checks not yet presented for payment drawn in excess of bank deposit balances	74	106
Amortization expense of intangible assets			7
Impairment of intangible assets			11
No future amortization expense will be recorded			0
Goodwill	249	249
Goodwill impairment	0	0	0
Cost of sales and related buying and occupancy costs [Member]
Nature Of Retail Operations [Line Items]
Restructuring costs	25
SG&A expenses [Member]
Nature Of Retail Operations [Line Items]
Restructuring costs	63
Shipping and handling [Member]
Nature Of Retail Operations [Line Items]
Selling, general and administrative expenses	993	828	$ 627
Nordstrom Rewards [Member]
Nature Of Retail Operations [Line Items]
Contract liabilities	112	137
Gift Cards [Member]
Nature Of Retail Operations [Line Items]
Contract liabilities	$ 366	$ 341
Loyalty Program, Nordstrom Notes [Member]
Nature Of Retail Operations [Line Items]
Breakage rate	8.00%
Average period between issuance and redemption	10 months
Loyalty Program, Points [Member]
Nature Of Retail Operations [Line Items]
Breakage rate	8.00%
Gift Cards [Member]
Nature Of Retail Operations [Line Items]
Breakage rate	3.00%
Average period between issuance and redemption	2 years
Nordstrom - U.S. [Member]
Nature Of Retail Operations [Line Items]
Number of retail channels \| store	94
Nordstrom - U.S. [Member] \| Facility Closing
Nature Of Retail Operations [Line Items]
Number of retail channels \| store	16
Nordstrom Canada [Member]
Nature Of Retail Operations [Line Items]
Number of retail channels \| store	6
Canadian Nordstrom Rack [Member]
Nature Of Retail Operations [Line Items]
Number of retail channels \| store	7
Nordstrom Local [Member]
Nature Of Retail Operations [Line Items]
Number of retail channels \| store	7
Nordstrom Rack [Member]
Nature Of Retail Operations [Line Items]
Number of retail channels \| store	240
Last Chance [Member]
Nature Of Retail Operations [Line Items]
Number of retail channels \| store	2
Trunk Club [Member] \| Facility Closing
Nature Of Retail Operations [Line Items]
Number of retail channels \| store	6
Jeffrey Boutiques \| Facility Closing
Nature Of Retail Operations [Line Items]
Number of retail channels \| store	3

Revenue (Summary Of Contract Liabilities) (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Revenue from Contract with Customer [Abstract]
Contract liabilities	$ 478	$ 478	$ 576

Revenue (Disaggregated Net Sales) (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Disaggregation of Revenue [Line Items]
Total net sales	$ 14,402	$ 10,357	$ 15,132
% of net sales	100.00%	100.00%	100.00%
Digital Sales [Member]
Disaggregation of Revenue [Line Items]
% of net sales	42.00%	55.00%	33.00%
Nordstrom
Disaggregation of Revenue [Line Items]
Total net sales	$ 9,640	$ 6,997	$ 9,943
Nordstrom Rack
Disaggregation of Revenue [Line Items]
Total net sales	$ 4,762	$ 3,360	$ 5,189

Revenue (Percent Of Net Sales By Merchandise Category Summary) (Details)	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Disaggregation of Revenue [Line Items]
% of net sales	100.00%	100.00%	100.00%
Women's Apparel [Member]
Disaggregation of Revenue [Line Items]
% of net sales	28.00%	29.00%	31.00%
Shoes [Member]
Disaggregation of Revenue [Line Items]
% of net sales	25.00%	26.00%	24.00%
Women's Accessories [Member]
Disaggregation of Revenue [Line Items]
% of net sales	14.00%	14.00%	11.00%
Men's Apparel [Member]
Disaggregation of Revenue [Line Items]
% of net sales	14.00%	12.00%	16.00%
Beauty [Member]
Disaggregation of Revenue [Line Items]
% of net sales	12.00%	12.00%	11.00%
Kids' Apparel [Member]
Disaggregation of Revenue [Line Items]
% of net sales	4.00%	4.00%	4.00%
Other [Member]
Disaggregation of Revenue [Line Items]
% of net sales	3.00%	3.00%	3.00%

Revenue (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
Revenue (Narrative) (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue recognized from beginning contract liability balance	$ 244	$ 261

Land, Property And Equipment (Schedule Of Land, Property And Equipment) (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021
Land, Property and Equipment [Line Items]
Land, property and equipment	$ 11,299	$ 10,891
Less: accumulated depreciation and amortization	(7,737)	(7,159)
Land, property and equipment, net	3,562	3,732
Land and land improvements [Member]
Land, Property and Equipment [Line Items]
Land, property and equipment	285	285
Buildings and building improvements [Member]
Land, Property and Equipment [Line Items]
Land, property and equipment	1,338	1,446
Leasehold improvements [Member]
Land, Property and Equipment [Line Items]
Land, property and equipment	3,350	3,212
Store fixtures and equipment [Member]
Land, Property and Equipment [Line Items]
Land, property and equipment	4,038	3,993
Capitalized software [Member]
Land, Property and Equipment [Line Items]
Land, property and equipment	1,915	1,724
Construction in progress [Member]
Land, Property and Equipment [Line Items]
Land, property and equipment	$ 373	$ 231

Land, Property And Equipment (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 30, 2021	Feb. 01, 2020
Property, Plant and Equipment [Abstract]
Non-cash investing activities for accruals for capital expenditures	$ (48)	$ 60

Leases (Components Of Lease Cost) (Details) - USD ($)
$ in Millions

12 Months Ended

Jan. 29, 2022

Jan. 30, 2021

Leases [Abstract]

Operating Lease Cost

$ 265

$ 263

Variable lease cost

^[1]

100

Sublease income

(20)

(19)

Total lease cost, net

$ 345

$ 344

[1]	Variable lease cost includes short-term lease cost, which was immaterial in 2021 and 2020.

Leases (Future Lease Payments) (Details)
$ in Millions

Jan. 29, 2022

USD ($)

Leases [Abstract]

$ 320

339

294

246

201

841

2,241

^[1]

Less: amount representing interest

(443)

Present value of net lease payments

1,798

^[2]

Lease payments for operating leases that have not yet commenced

$ 46

[1]	Total lease payments do not include payments for variable lease costs that are required by most of our lease agreements and are based on a percentage of sales.
[2]	Total lease payments exclude $46 of lease payments for operating leases that were signed but not yet commenced as of January 29, 2022.

Leases (Supplemental Lease Information) (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021
Leases [Abstract]
Cash paid related to operating lease liabilities	$ 371	$ 332
Operating lease interest	87	95
Operating lease liabilities arising from lease agreements	$ 137	$ 79
Weighted-average remaining lease term	9 years	9 years
Weighted-average discount rate	4.70%	4.70%

Leases (Narrative) (Details)	Jan. 29, 2022
Nordstrom [Member] \| Minimum [Member]
Leases [Line Items]
Lease terms	15 years
Nordstrom [Member] \| Maximum [Member]
Leases [Line Items]
Lease terms	30 years
Nordstrom Rack [Member]
Leases [Line Items]
Lease terms	10 years
Other facilities [Member] \| Minimum [Member]
Leases [Line Items]
Lease terms	5 years
Other facilities [Member] \| Maximum [Member]
Leases [Line Items]
Lease terms	20 years

Debt And Credit Facilities (Summary Of Long-Term Debt) (Details) - USD ($)
$ in Millions

Jan. 29, 2022

Jan. 30, 2021

Debt Instrument [Line Items]

Long-term debt, net of unamortized discount

$ 2,853

$ 3,269

Deferred bond issuance costs

(21)

(27)

Less: current portion

(500)

Total due beyond one year

2,853

2,769

Senior notes, 4.00%, due October 2021 [Member]

Debt Instrument [Line Items]

Long-term debt, net of unamortized discount

$ 0

$ 500

Debt instrument interest rate

4.00%

Senior notes, 2.30%, due April 2024

Debt Instrument [Line Items]

Long-term debt, net of unamortized discount

$ 250

$ 0

Debt instrument interest rate

2.30%

Secured Notes, 8.75%, due May 2025 [Member]

Debt Instrument [Line Items]

Long-term debt, net of unamortized discount

$ 0

$ 600

Debt instrument interest rate

8.75%

Senior notes, 4.00%, due March 2027 [Member]

Debt Instrument [Line Items]

Long-term debt, net of unamortized discount

$ 349

Debt instrument interest rate

4.00%

Senior debentures, 6.95%, due March 2028 [Member]

Debt Instrument [Line Items]

Long-term debt, net of unamortized discount

$ 300

Debt instrument interest rate

6.95%

Senior notes, 4.375%, due April 2030 [Member]

Debt Instrument [Line Items]

Long-term debt, net of unamortized discount

$ 500

Debt instrument interest rate

4.375%

Senior notes, 4.25%, due August 2031

Debt Instrument [Line Items]

Long-term debt, net of unamortized discount

$ 425

$ 0

Debt instrument interest rate

4.25%

Senior notes, 7.00%, due January 2038 [Member]

Debt Instrument [Line Items]

Long-term debt, net of unamortized discount

$ 147

Debt instrument interest rate

7.00%

Senior notes, 5.00%, due January 2044 [Member]

Debt Instrument [Line Items]

Long-term debt, net of unamortized discount

^[1]

$ 903

$ 900

Debt instrument interest rate

5.00%

Debt Instrument, Unamortized Discount

$ 63

$ 66

[1]	The unamortized discount on these notes was $63 and $66 as of January 29, 2022 and January 30, 2021.

Debt And Credit Facilities (Schedule Of Required Principal Payments On Long-Term Debt) (Details)
$ in Millions

12 Months Ended

Jan. 29, 2022

USD ($)

Debt Instrument [Line Items]

2022

$ 0

^[1]

2023

^[1]

2024

250

^[1]

2025

^[1]

2026

^[1]

Thereafter

$ 2,689

^[1]

Estimated future payments, term

1 year

Interest Expense [Member]

Debt Instrument [Line Items]

Estimated future payments, term

1 year

Estimated future interest payments [Member]

Debt Instrument [Line Items]

Estimated future interest payments

$ 1,799

Estimated future interest payments [Member] | Future interest payments due in twelve months

Debt Instrument [Line Items]

Estimated future interest payments

$ 144

[1]	Required principal payments exclude estimated future interest payments of $1,799 as of January 29, 2022, with $144 payable within one year.

Debt And Credit Facilities (Components Of Interest Expense, Net) (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Debt Disclosure [Abstract]
Interest on long-term debt and short-term borrowings	$ 258	$ 199	$ 151
Less:
Interest income	(1)	(3)	(10)
Capitalized interest	(11)	(15)	(39)
Interest expense, net	$ 246	$ 181	$ 102

Debt And Credit Facilities (Narrative) (Details) $ in Millions	3 Months Ended	12 Months Ended
	May 01, 2021 USD ($)	Jan. 29, 2022 USD ($)	Jan. 30, 2021 USD ($)	Feb. 01, 2020 USD ($)	Oct. 30, 2021 USD ($)
Debt Instrument [Line Items]
Aggregate principal issued		$ 2,853	$ 3,269
Interest expense, net		$ 246	181	$ 102
Minimum leverage ratio for debt covenant amendment to pay dividends or repurchase shares		3.75
Minimum liquidity for debt covenant amendment to pay dividends or repurchase shares		600
Commercial Paper [Member]
Debt Instrument [Line Items]
Outstanding borrowings or issuances		$ 0	0
Borrowing capacity of commercial paper program		800
Senior notes, 2.30%, due April 2024
Debt Instrument [Line Items]
Aggregate principal issued		$ 250	$ 0
Debt instrument interest rate		2.30%	2.30%
Senior notes, 4.25%, due August 2031
Debt Instrument [Line Items]
Aggregate principal issued		$ 425	$ 0
Debt instrument interest rate		4.25%	4.25%
2021 Refinancing
Debt Instrument [Line Items]
Interest expense, net	$ 88
One time "make-whole" premium	78
Senior notes, 4.00%, due October 2021 [Member]
Debt Instrument [Line Items]
Aggregate principal issued		$ 0	$ 500
Debt instrument interest rate		4.00%	4.00%
Unsecured revolving credit facility [Member]
Debt Instrument [Line Items]
Debt covenant leverage ratio		4
Outstanding borrowings or issuances	$ 200	$ 0	$ 0		$ 200
Option to increase the maximum capacity of revolving credit facility		200
Maximum borrowing capacity of revolving credit facility		$ 1,000
Number of options to extend revolver		2

Fair Value Measurements (Summary Of Carrying Value And Fair Value Estimate Of Long-Term Debt, Including Current Maturities) (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021
Fair Value Measurements, Long-term Debt [Line Items]
Carrying value of long-term debt	$ 2,853	$ 3,269
Level 2 [Member]
Fair Value Measurements, Long-term Debt [Line Items]
Fair value of long-term debt	$ 2,758	$ 3,430

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021
Fair Value Disclosures [Abstract]
Total asset impairment	$ 0	$ 137

Self-Insurance (Summary Of Self-Insurance Reserves) (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021
Self-insurance reserve [Line Items]
Total self-insurance reserve	$ 125	$ 114
Workers' compensation [Member]
Self-insurance reserve [Line Items]
Total self-insurance reserve	77	74
Employee health and welfare [Member]
Self-insurance reserve [Line Items]
Total self-insurance reserve	28	25
Other liability [Member]
Self-insurance reserve [Line Items]
Total self-insurance reserve	$ 20	$ 15

Self-Insurance (Narrative) (Details) $ in Millions	12 Months Ended
Self-Insurance (Narrative) (Details) $ in Millions	Jan. 29, 2022 USD ($)
Self-insurance reserve [Line Items]
Estimated future payments, term	1 year
Standby Letters of Credit
Self-insurance reserve [Line Items]
Standby letters of credit issued on our behalf available	$ 13
Standby letters of credit issued on our behalf outstanding	2
Workers' compensation [Member]
Self-insurance reserve [Line Items]
Self-insurance policy retention per claim	1
Workers' compensation policy limit	$ 0
Percent of future payment obligation due	25.00%
Estimated future payments, term	1 year
Other liability [Member]
Self-insurance reserve [Line Items]
Self-insurance policy retention per claim	$ 3
Percent of future payment obligation due	75.00%
Estimated future payments, term	1 year
Self-insurance policy limit	$ 101

SERP (Benefit Obligations And Funded Status) (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Postretirement Benefits Disclosure [Line Items]
Actuarial (gain) loss	$ (14)	$ 7	$ 34
Underfunded status at end of year	(212)	(229)
Change In Benefit Obligation [Member]
Postretirement Benefits Disclosure [Line Items]
Benefit obligation at beginning of year	229	224
Participant service cost	2	2
Interest cost	5	6
Benefits paid	(10)	(10)
Actuarial (gain) loss	(14)	7
Benefit obligation at end of year	212	229	224
Change In Plan Assets [Member]
Postretirement Benefits Disclosure [Line Items]
Fair value of plan assets at beginning of year	0	0
Employer contribution	10	10
Benefits paid	(10)	(10)
Fair value of plan assets at end of year	$ 0	$ 0	$ 0

SERP (Amounts Recognized As Liabilities In The Consolidated Balance Sheets) (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Accrued salaries, wages and related benefits	$ 11	$ 11
Other liabilities (noncurrent)	201	218
Net amount recognized	$ 212	$ 229

SERP (Components Of SERP Expense Recognized In The Consolidated Statements Of Earnings) (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Postretirement Benefits Disclosure [Line Items]
Amortization of net loss and other	$ (8)	$ (9)	$ (1)
Components of SERP expense [Member]
Postretirement Benefits Disclosure [Line Items]
Participant service cost	2	2	2
Interest cost	5	6	7
Amortization of net loss and other	8	9	1
Total SERP expense	$ 15	$ 17	$ 10

SERP (Amounts Recognized In Accumulated Other Comprehensive Loss (Pre-tax)) (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Actuarial (gain) loss	$ (14)	$ 7	$ 34
Amortization of net loss and other	(8)	(9)	(1)
Total recognized in accumulated other comprehensive loss	$ (22)	$ (2)	$ 33

SERP (Weighted-Average Assumptions Used To Determine Benefit Obligations And SERP Expense) (Details)	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Assumptions used to determine benefit obligation:
Discount rate	3.19%	2.62%	2.97%
Rate of compensation increase	2.50%	2.50%	2.50%
Assumptions used to determine SERP expense:
Discount rate	2.62%	2.97%	4.27%
Rate of compensation increase	2.50%	2.50%	2.50%

SERP (Expected Future Benefit Payments Including Benefits Attributable To Estimated Future Employee Service) (Details) $ in Millions	Jan. 29, 2022 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
2022	$ 11
2023	12
2024	12
2025	12
2026	12
2027 – 2031	61
Thereafter	$ 92

SERP (Narrative) (Details) $ in Millions	Jan. 29, 2022 USD ($) participant officer retiree beneficiary	Jan. 30, 2021 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Number of total participants in SERP benefits plan \| participant	57
Number of officers and select employees eligible for SERP benefits \| officer	8
Number of retirees eligible for SERP benefits \| retiree	46
Number of beneficiaries eligible for SERP benefits \| beneficiary	3
Accumulated benefit obligation \| $	$ 211	$ 227

401(k) Plan (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
401(k) Plan (Narrative) (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Four Zero One K Plan [Abstract]
Expense related to Company 401(k) plan contributions	$ 67	$ 0	$ 85

Stock-Based Compensation (Summary Of Stock-Based Compensation Expense) (Details) - USD ($)
$ in Millions

12 Months Ended

Jan. 29, 2022

Jan. 30, 2021

Feb. 01, 2020

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Total stock-based compensation expense, before income tax benefit

$ 79

$ 67

$ 69

Income tax benefit

(20)

(26)

(18)

Total stock-based compensation expense, net of income tax benefit

Restricted stock units [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Total stock-based compensation expense, before income tax benefit

Stock options [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Total stock-based compensation expense, before income tax benefit

Other [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Total stock-based compensation expense, before income tax benefit

^[1]

$ 5

$ 2

$ 9

[1]	Other stock-based compensation expense includes PSUs, ESPP and nonemployee director stock awards.

Stock-Based Compensation (Stock-Based Compensation Expense Before Income Tax Benefit) (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	$ 79	$ 67	$ 69
Cost of sales and related buying and occupancy costs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	15	16	20
SG&A expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	$ 64	$ 51	$ 49

Stock-Based Compensation (Summary Of Restricted Stock Unit Activity) (Details) - Restricted stock units [Member] shares in Millions	12 Months Ended
	Jan. 29, 2022 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, beginning of year (in shares or units) \| shares	4.8
Outstanding, beginning of year (in dollars per share) \| $ / shares	$ 37
Granted (in shares or units) \| shares	1.8
Granted (in dollars per share) \| $ / shares	$ 31
Vested (in shares or units) \| shares	(1.4)
Vested (in dollars per share) \| $ / shares	$ 35
Forfeited or cancelled (in shares or units) \| shares	(0.6)
Forfeited or cancelled (in dollars per share) \| $ / shares	$ 28
Outstanding, end of year (in shares or units) \| shares	4.6
Outstanding, end of year (in dollars per share) \| $ / shares	$ 36

Stock-Based Compensation (Assumptions To Estimate The Fair Value For Stock Options At Grant Date) (Details) - $ / shares

12 Months Ended

Mar. 04, 2021

Aug. 27, 2020

Jun. 01, 2020

Mar. 05, 2019

Jan. 29, 2022

Jan. 30, 2021

^[1]

Feb. 01, 2020

Assumptions

Weighted-average volatility

52.20%

60.10%

34.60%

Weighted-average expected dividend yield

3.40%

1.90%

Expected life in years

8 years 3 months 18 days

7 years 8 months 12 days

6 years 9 months 18 days

Grant Date Information

Weighted-average fair value per option

$ 13

$ 7

$ 15

Exercise price per option

$ 36

$ 17

$ 45

Additional Option Grant

Grant Date Information

Exercise price per option

^[1]

$ 15

Minimum [Member]

Assumptions

Risk-free interest rate

0.11%

0.18%

2.50%

Maximum [Member]

Assumptions

Risk-free interest rate

1.51%

0.62%

2.70%

[1]

Additional non-qualified stock options were also granted to certain company leaders on August 27, 2020 at an exercise price per option of $15. The assumptions used to estimate the fair value for the additional stock options were similar to the 2020 grant assumptions presented in this table. In 2020, we also granted stock options to certain qualified employees outside of the June and August grant dates, which were insignificant in aggregate.

Stock-Based Compensation (Summary Of Stock Option Activity) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions				12 Months Ended
	Mar. 04, 2021	Jun. 01, 2020	Mar. 05, 2019	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price at time of grant (in dollars per share)	$ 36	$ 17	$ 45
Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, beginning of year (in shares)				11.0
Outstanding, beginning of year (in dollars per share)				$ 40
Granted (in shares)				1.2
Exercise price at time of grant (in dollars per share)				$ 36
Exercised (in shares)				0.0
Exercised (in dollars per share)				$ 37
Forfeited or cancelled (in shares)				(1.8)
Forfeited or cancelled (in dollars per share)				$ 42
Outstanding, end of year (in shares)				10.4	11.0
Outstanding, end of year (in dollars per share)				$ 39	$ 40
Outstanding, end of year, weighted-average remaining contractual life (years)				5 years
Outstanding, end of year, aggregate intrinsic value				$ 183
Vested, end of year (in shares)				5.2
Vested, end of year (in dollars per share)				$ 54
Vested, end of year, weighted-average remaining contractual life (years)				3 years
Vested, end of year, aggregate intrinsic value				$ 170
Vested or expected to vest, end of year (in shares)				10.2
Vested or expected to vest, end of year (in dollars per share)				$ 40
Vested or expected to vest, end of year, weighted-average remaining contractual life (years)				5 years
Vested or expected to vest, end of year, aggregate intrinsic value				$ 180
Aggregate intrinsic value of options exercised				0	$ 1	$ 5
Fair value of stock options vested				$ 2	$ 8	$ 17

Stock-Based Compensation (Narrative) (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock issued under deferred and stock-based compensation plan arrangement	1.6	2.2	2.1
Common stock, shares authorized	1,000.0	1,000.0
Common stock, shares outstanding	159.4	157.8
Other current liabilities	$ 1,160	$ 1,048
Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period, in years	4 years
Total fair value of units vested	$ 50	$ 44	$ 65
Total unrecognized stock-based compensation expense related to nonvested share-based awards	$ 61
Weighted-average period that unrecognized stock-based compensation expense is expected to be recognized	28 months
Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized stock-based compensation expense related to nonvested share-based awards	$ 12
Weighted-average period that unrecognized stock-based compensation expense is expected to be recognized	18 months
Option expiration period, in years	10 years
Stock options [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period, in years	4 years
Stock options [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period, in years	2 years
Employee stock purchase plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum percentage of employee payroll deductions under ESPP	15.00%
ESPP offering period	6 months
Percentage of fair market value for purchase of shares of common stock in ESPP	90.00%
Shares authorized under Employee Stock Purchase Plan	16.1
Shares available for issuance under Employee Stock Purchase Plan	3.3
Shares issued under Employee Stock Purchase Plan	0.5	1.0
Other current liabilities	$ 6	$ 5
2019 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum aggregate number of shares to be issued	24.5
Common stock, shares authorized	24.5
Common stock, shares outstanding	15.0
Shares available for grant under equity incentive plan	17.4

Shareholders' Equity (Summary Of Share Repurchase Program Activity) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Share Repurchase Program [Line Items]
Capacity beginning balance	$ 707	$ 707	$ 893
Shares repurchased (in shares)	0.0	0.0	4.1
Shares repurchased, average price per share (in dollars per share)	$ 0	$ 0	$ 45
Capacity ending balance	$ 707	$ 707	$ 707
Accumulated deficit [Member]
Share Repurchase Program [Line Items]
Shares repurchased (amount)	$ 0	$ 0	$ (186)

Shareholders' Equity (Narrative) (Details) - $ / shares	12 Months Ended
Shareholders' Equity (Narrative) (Details) - $ / shares	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Retained Earnings Adjustments [Line Items]
Dividends (in dollars per share)	$ 0	$ 0.37	$ 1.48

Income Taxes (U.S. And Foreign Components Of Earnings Before Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Income Tax Disclosure [Abstract]
U.S.	$ 241	$ (1,210)	$ 654
Foreign	5	(18)	28
Earnings (loss) before income taxes	$ 246	$ (1,228)	$ 682

Income Taxes (Components Of Income Tax Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Current income taxes:
Federal	$ 61	$ (501)	$ 90
State and local	18	(34)	44
Foreign	0	4	0
Total current income tax expense (benefit)	79	(531)	134
Deferred income taxes:
Federal	(10)	47	43
State and local	(5)	(57)	3
Foreign	4	3	6
Total deferred income tax (benefit) expense	(11)	(7)	52
Total income tax expense (benefit)	$ 68	$ (538)	$ 186

Income Taxes (Reconciliation Of Statutory To Effective Tax Rate) (Details)

12 Months Ended

Jan. 29, 2022

Jan. 30, 2021

Feb. 01, 2020

Tax Credit Carryforward [Line Items]

Statutory rate

21.00%

State and local income taxes, net of federal income taxes

3.40%

6.10%

5.40%

Federal credits

(4.00%)

0.50%

(0.90%)

Non-deductible expenses

^[1]

2.70%

(0.30%)

0.90%

Stock-based compensation

^[1]

2.00%

(1.00%)

0.80%

Valuation allowance

^[1]

1.80%

(0.80%)

(0.10%)

Taxes on foreign operations

^[1]

1.30%

0.40%

1.00%

Other, net

^[1]

0.20%

0.30%

(0.80%)

Effective tax rate

27.50%

43.80%

27.30%

CARES Act

Tax Credit Carryforward [Line Items]

CARES Act impact

(0.90%)

17.60%

0.00%

[1]	We reclassified immaterial prior year amounts that were included in the other, net category to conform with current period presentation.

Income Taxes (Components Of Deferred Tax Assets And Liabilities) (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021
Deferred tax assets:
Lease liabilities	$ 471	$ 505
Compensation and benefits accruals	133	139
Allowance for sales returns	59	43
Accrued expenses	27	28
Merchandise inventories	35	22
Gift cards	25	10
The Nordy Club loyalty program	5	19
Net operating losses	81	72
Other	9	23
Total deferred tax assets	845	861
Valuation allowance	(28)	(24)
Total deferred tax assets, net of valuation allowance	817	837
Deferred tax liabilities:
ROU assets	(326)	(337)
Land, property and equipment	(327)	(341)
Debt exchange premium	(12)	(12)
Total deferred tax liabilities	(665)	(690)
Net deferred tax assets	$ 152	$ 147

Income Taxes (Information On Approximate Net Operating Loss Carryforwards) (Details) - USD ($) $ in Millions	Jan. 29, 2022	Jan. 30, 2021
State [Member]
Income Tax Examination [Line Items]
Approximate net operating loss carryforwards for income tax	$ 1,114	$ 1,036
Foreign [Member]
Income Tax Examination [Line Items]
Approximate net operating loss carryforwards for income tax	$ 50	$ 54

Income Taxes (Reconciliation Of Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Income Tax Disclosure [Abstract]
Unrecognized tax benefit at beginning of year	$ 32	$ 22	$ 30
Gross increase to tax positions in prior periods	11	4	0
Gross increase to tax positions in current period	6	6	3
Lapses in statute	0	0	(1)
Settlements	(2)	0	(10)
Unrecognized tax benefit at end of year	$ 47	$ 32	$ 22

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Millions	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Tax Credit Carryforward [Line Items]
Valuation allowance		$ 28	$ 24
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount		4	(17)
Unrecognized tax benefits that would affect the effective tax rate		39	30
Income Tax Examination, Penalties and Interest Expense		0	0	$ 0
Liability for interest and penalties		7	4
Unrecognized tax benefits related to federal, state and local tax positions		$ 0	$ 0	$ 1
Estimated future interest payments [Member]
Tax Credit Carryforward [Line Items]
Unrecognized tax benefits related to federal, state and local tax positions	$ 39

Commitments And Contingencies (Narrative) (Details) $ in Millions	12 Months Ended
	Jan. 29, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Purchase obligations, inventory purchase orders and capital expenditure contractual commitments	$ 2,576
Estimated future payments, term	1 year

Earnings Per Share (Computation Of Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Earnings Per Share [Abstract]
Net earnings (loss)	$ 178	$ (690)	$ 496
Basic shares (in shares)	159.0	157.2	155.2
Dilutive effect of common stock equivalents (in shares)	3.5	0.0	0.9
Diluted shares (in shares)	162.5	157.2	156.1
Earnings (loss) per basic share (in dollars per share)	$ 1.12	$ (4.39)	$ 3.20
(Loss) earnings per diluted share (in dollars per share)	$ 1.10	$ (4.39)	$ 3.18
Anti-dilutive common stock equivalents	8.1	13.5	10.0

- Definition

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

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- 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.

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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.

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+ Details

Segment Reporting (Information By Reportable Segment) (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Segment Reporting Information [Line Items]
Net sales	$ 14,402	$ 10,357	$ 15,132
Credit card revenues, net	387	358	392
Earnings (loss) before interest and income taxes	492	(1,047)	784
Capital expenditures	(506)	(385)	(935)
Depreciation and amortization	(615)	(671)	(661)
Assets	8,869	9,538	9,737
Retail [Member]
Segment Reporting Information [Line Items]
Net sales	14,402	10,357	15,132
Credit card revenues, net	0	0	0
Earnings (loss) before interest and income taxes	687	(924)	1,028
Capital expenditures	(218)	(175)	(726)
Depreciation and amortization	(350)	(404)	(428)
Assets	6,244	6,100	6,831
Corporate/Other
Segment Reporting Information [Line Items]
Net sales	0	0	0
Credit card revenues, net	387	358	392
Earnings (loss) before interest and income taxes	(195)	(123)	(244)
Capital expenditures	(288)	(210)	(209)
Depreciation and amortization	(265)	(267)	(233)
Assets	$ 2,625	$ 3,438	$ 2,906

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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+ Details

Segment Reporting (Narrative) (Details)	12 Months Ended
Segment Reporting (Narrative) (Details)	Jan. 29, 2022 segment
Segment Reporting [Abstract]
Number of reportable segments	1
Number of operating segments	2