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, Nordstrom, Inc. is now a leading fashion retailer that offers customers a well-edited selection of high-quality fashion brands focused on apparel, shoes, cosmetics and accessories for women, men, young adults and children. This breadth of merchandise allows us to serve a wide range of customers who appreciate quality fashion and a superior shopping experience. We offer an extensive selection of high-quality brand-name and private label merchandise through multiple retail channels, including 117 Nordstrom U.S. full-line stores, including Nordstrom Local and Nordstrom.com, six Canada full-line stores, 232 off-price Nordstrom Rack stores, Nordstromrack.com/HauteLook, seven Trunk Club clubhouses and TrunkClub.com, two Jeffrey boutiques and two Last Chance clearance stores. Our stores are located in 40 states throughout the U.S and in three provinces in Canada.

Through our Credit segment, our customers can access 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 and a debit card for Nordstrom purchases. When customers use a Nordstrom-branded credit or debit card, they also participate in our loyalty program that provides benefits based on their level of spending. Although the primary purposes of our Credit segment are to foster greater customer loyalty and drive more sales, we also receive credit card revenue through our program agreement with TD Bank, N.A. (“TD”) (see Note 2: Credit Card Receivable Transaction).

Fiscal Year

We operate on a 52/53-week fiscal year ending on the Saturday closest to January 31st. References to 2017 relate to the 53-week fiscal year ended February 3, 2018. References to any other years included within this document are based on a 52-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 accounting principles generally accepted in the U.S. requires management to make estimates 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, long-lived assets, goodwill, stock-based compensation and income taxes.

Net Sales

We recognize sales revenue net of estimated returns and excluding sales taxes. Revenue from sales to customers shipped directly from our stores and fulfillment centers, which includes shipping revenue when applicable, is recognized upon estimated receipt by the customer. We estimate customer merchandise returns based on historical return patterns and reduce sales and cost of sales accordingly. Activity in the allowance for sales returns, net, for the past three fiscal years is as follows:



Fiscal year	2017			2016			2015
Allowance at beginning of year		$187			$170			$160
Charged to costs and expenses	3,307			3,023			2,720
Deductions¹	(3,310		)	(3,006		)	(2,710		)
Allowance at end of year		$184			$187			$170

¹Deductions consist of actual returns, net of the value of the merchandise returned and any sales commission.

Credit Card Revenues, net

In October 2015, we completed the sale of a substantial majority of our U.S. Visa and private label credit card portfolio to TD. In November 2017, we sold the remaining balances which consisted of employee credit card receivables for the U.S. Visa and Nordstrom private label credit cards to TD (see Note 2: Credit Card Receivable Transaction). Credit program revenues, net include our portion of the ongoing credit card revenue, net of credit losses, from both sold and newly generated credit card receivables pursuant to our program agreement with TD. Asset amortization and deferred revenue recognition associated with the assets and liabilities recorded as part of the transaction are also recorded in credit program revenues, net.

Cost of Sales

Cost of sales includes the purchase cost of inventory sold (net of vendor allowances), in-bound freight and certain costs of our loyalty program benefits.

Loyalty Program

In 2016, our Nordstrom Rewards loyalty program, which allows customers to accumulate points based on their level of spending, was expanded to enable any customer interested in participating to earn benefits regardless of how they choose to pay. Prior to 2016, our loyalty program was only offered to Nordstrom cardholders. Upon reaching certain point thresholds, customers receive Nordstrom Notes (“Notes”), which can be redeemed for goods or services offered at Nordstrom full-line stores, Nordstrom.com, Nordstrom Rack and Nordstromrack.com/HauteLook. Nordstrom cardholders can also earn rewards at Trunk Club. Customers who participate in our loyalty program through our credit and debit cards receive additional benefits including reimbursements for alterations, Personal Triple Points days, shopping and fashion events and early access to the Anniversary Sale. Nordstrom Rewards loyalty program liabilities of $69 and $62 were included in other current liabilities at the end of 2017 and 2016.

We estimate the net cost of Notes that will be issued and redeemed and record this cost as rewards points are accumulated. These costs, as well as reimbursed alterations, are recorded in cost of sales as we provide customers with products and services for these rewards. Other benefits of our Nordstrom Rewards loyalty program, including shopping and fashion events, are recorded in selling, general and administrative expenses. Total costs related to the Nordstrom Rewards loyalty program were $175, $162 and $164 in 2017, 2016 and 2015.

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, fulfillment facilities and distribution operations.

Rent

We recognize minimum rent expense, net of developer reimbursements, on a straight-line basis over the minimum lease term from the time that we control the leased property. For scheduled rent escalation clauses during the lease terms, we record minimum rent expense on a straight-line basis over the terms of the leases, with the adjustments accrued as current and noncurrent deferred rent and included in other current liabilities and other liabilities on our Consolidated Balance Sheet for the year ended February 3, 2018. Contingent rental payments, typically based on a percentage of sales, are recognized in rent expense when payment of the contingent rent is probable.

We receive incentives from developers to construct stores in certain developments. At the end of 2017 and 2016, liabilities of $485 and $507 were recorded within deferred property incentives, net on the Consolidated Balance Sheets and were recognized as a reduction of rent expense on a straight-line basis over the lease terms.

Selling, General and Administrative Expenses

Selling, general and administrative expenses consist primarily of compensation and benefit costs, marketing, supply chain, technology and, prior to our credit card receivable transactions in October 2015 and November 2017, bad debt expense related to our credit card operations.

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 $261, $241 and $227 in 2017, 2016 and 2015 were included in selling, general and administrative expenses.

Vendor Allowances

We receive allowances from merchandise vendors for cosmetic expenses, purchase price adjustments, cooperative advertising programs and various other expenses. Allowances for cosmetic expenses are recorded in selling, general and administrative expenses as a reduction of the related costs when incurred. 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 cooperative advertising programs and other expenses are recorded in selling, general and administrative expenses as a reduction of the related costs when incurred. Any allowances in excess of actual costs incurred that are included in selling, general and administrative expenses are recorded as a reduction of cost of sales. Vendor allowances earned are as follows:



Fiscal year	2017		2016		2015
Cosmetic expenses		$159		$166		$161
Purchase price adjustments	184		179		178
Cooperative advertising	107		114		109
Other	7		6		7
Total vendor allowances		$457		$465		$455

Shipping and Handling Costs

Our shipping and handling 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 distribution centers, which we include in the cost of our inventory. Shipping and handling costs of $523, $453 and $428 in 2017, 2016 and 2015 were included in selling, general and administrative expenses.

Stock-Based Compensation

We grant stock-based awards under our 2010 Equity Incentive Plan (“2010 Plan”), 2002 Nonemployee Director Stock Incentive Plan (“2002 Plan”) and Trunk Club Value Creation Plan (“VCP”), and employees may purchase our stock at a discount under our Employee Stock Purchase Plan (“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. The total compensation expense is reduced by actual forfeitures as they occur over the vesting period of the awards.

We estimate the grant date fair value of stock options using the Binomial Lattice option valuation model. Stock-based compensation expense related to the VCP is based on the grant date fair value of the payout scenario we believe is probable using the Black-Scholes valuation model and is recognized on an accelerated basis due to performance criteria and graded vesting features of the plan. The fair value of restricted stock is determined based on the number of shares 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. Performance share units granted prior to 2016 are classified as liabilities and revalued using the quoted price of our common stock as of each reporting date. Performance share units granted in 2016 and beyond are classified as equity and the fair value is determined using the Monte-Carlo valuation model.

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 selling, general and administrative expenses according to their nature as disclosed above.

Gift Cards

We recognize revenue from the sale of gift cards when the gift card is redeemed by the customer, or we recognize breakage income when the likelihood of redemption, based on historical experience, is deemed to be remote. Based on an analysis of our program since its inception in 1999, we determined that balances remaining on cards issued beyond five years are unlikely to be redeemed and therefore are recognized as income. Breakage income was $16, $12 and $11 in 2017, 2016 and 2015. To date, our breakage rate is approximately 2% of the amount initially issued as gift cards. Gift card breakage income is included in selling, general and administrative expenses. We had outstanding gift card liabilities of $425 and $389 at the end of 2017 and 2016, which are included in other current liabilities.

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 that 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.

In December 2017, the Tax Cuts and Jobs Act (the “Tax Act”) was signed into law. Among numerous other provisions, the Tax Act significantly revises the U.S. federal corporate income tax by reducing the statutory rate from 35% to 21%. Net earnings included $42 related to the Tax Act, which includes a provisional one-time, non-cash charge of $51 related to the revaluation of our net deferred tax assets for the change in statutory tax rate and for the impacts associated with the future limitations on executive compensation, partially offset by cash tax savings from a lower federal tax rate. As we complete our analysis of the Tax Act and interpret any additional guidance issued by the U.S. Treasury Department, the Internal Revenue Service (“IRS”) and other standard-setting bodies, we may make adjustments to the provisional amounts, which may materially impact our provision for income taxes in the period in which the adjustments are recorded (see Note 13: Income 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 a maturity of three months or less from the date of purchase and are carried at cost, which approximates fair value. At the end of 2017 and 2016, checks not yet presented for payment drawn in excess of our bank deposit balances were $101 and $156 and included within accounts payable on our Consolidated Balance Sheets.

Accounts Receivable

Accounts receivable, net includes receivables from non-Nordstrom-branded credit and debit cards and, prior to our credit card receivable sale transaction in November 2017, employee credit card receivables.

Merchandise Inventories

Merchandise inventories are generally 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 floor. 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 reserve for obsolescence based on historical trends and specific identification.

Physical inventories are taken and inventory records are adjusted accordingly. We evaluate and determine our shrinkage rate using the most recent physical inventory and historical results as the basis for the shrinkage reserve following each physical inventory cycle and reporting date. The shrinkage reserve is based on a percentage of sales.

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	3 – 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.

We receive contributions from vendors for the construction of certain fixtures in our stores. These contributions offset the related capital expenditures.

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 or when circumstances indicate that the carrying value may exceed the fair value. We perform this evaluation at the reporting unit level, comprised of the principal business units within our Retail segment, through the application of a two-step fair value test. The first step compares 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, then a second step is performed to quantify the amount of the impairment. The following summarizes our goodwill activity for the past three fiscal years:



	Trunk Club			HauteLook		Other¹		Total
Balance at January 31, 2015		$261			$121		$53		$435
Additions	—			—		—		—
Balance at January 30, 2016	261			121		53		435
Impairment	(197		)	—		—		(197		)
Balance at January 28, 2017	64			121		53		238
Additions	—			—		—		—
Balance at February 3, 2018		$64			$121		$53		$238

¹ Other includes Nordstrom.com and Jeffrey goodwill.

The goodwill impairment charge of $197 for the year ended January 28, 2017 related to Trunk Club resulted from changes to the long-term operating plan that reflected lower expectations for growth and profitability than previous expectations (see Note 8: Fair Value Measurements).

Long-Lived Assets

When facts and circumstances indicate that the carrying values of long-lived assets, including buildings, equipment and amortizable intangible assets, may be impaired, we perform an evaluation of recoverability by comparing the carrying values of the net assets to their related projected undiscounted future cash flows, in addition to other quantitative and qualitative analyses.

Land, property and equipment are grouped at the lowest level at which there are identifiable cash flows when assessing impairment. Cash flows for our retail store assets are identified at the individual store level, while our intangible assets associated with HauteLook and Trunk Club are identified at their respective reporting unit levels. The assets recorded in connection with the credit card receivable transaction are individually evaluated against the anticipated cash flows under the program agreement (see Note 2: Credit Card Receivable Transaction).

We did not record any material impairment losses for long-lived tangible or amortizable intangible assets in 2017 or 2016. In 2015, our cash flow analyses resulted in retail store impairment charges of $24 and other various impairment losses of $23. The 2015 retail store impairment of $24 related to our full-line store in Puerto Rico and was primarily driven by a challenging retail market in this territory.

Amortization expense for acquired intangibles was $11, $14 and $16 in 2017, 2016 and 2015. Future amortization expense of acquired intangible assets as of February 3, 2018, are expected to be $7 in 2018 and $7 in 2019.

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

We have six full-line stores in Canada and have announced plans to open the first six Nordstrom Rack stores in Canada in 2018. The functional currency of our Canadian operation 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 a weighted-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. operation incurs certain expenditures denominated in Canadian Dollars and our Canadian operation incurs 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. As of February 3, 2018, activities associated with foreign currency exchange risk have not had a material impact on our Consolidated Financial Statements.

Recent Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers, which was subsequently modified in August 2015 by ASU No. 2015-14, Revenue from Contracts with Customers: Deferral of the Effective Date. The core principle of ASU No. 2014-09 is that companies should recognize revenue when the transfer of promised goods or services to customers occurs in an amount that reflects what the company expects to receive. It requires additional disclosures to describe the nature, amount, timing and uncertainty of revenue and cash flows from contracts with customers. In 2016, the FASB issued additional ASUs which clarify the implementation guidance on principal versus agent considerations, on identifying performance obligations and licensing, on the revenue recognition criteria and other technical corrections. We plan to adopt this ASU in the first quarter of 2018 using the modified retrospective adoption method. In our ongoing evaluation of this ASU, we have determined that the new standard will result in a net cumulative effect adjustment to decrease beginning accumulated deficit by approximately $55, as well as the following impacts:


•	Gift card breakage will be recorded in sales, rather than selling, general, and administrative expenses. It will be estimated based on expected customer redemption periods, rather than when redemption is considered remote.


•	Loyalty sales attributable to our Nordstrom Rewards loyalty program benefits (for example, Notes, alterations) will be deferred rather than recording the loyalty program expenses as an increase to cost of sales.


•	Remaining unamortized balances of deferred revenue and investment in contract asset related to the sale of our receivables to TD will be written off as a cumulative-effect adjustment reducing accumulated deficit.


•	Revenue related to our online sales will be recognized at the shipping point rather than upon receipt by the customer.


•	Estimated costs of returns will be recorded as a current asset rather than netted with our sales return reserve.

We do not expect the provisions of this ASU to have a material impact on our Consolidated Financial Statements beyond our initial adoption.

In February 2016, the FASB issued ASU No. 2016-02, Leases. This ASU increases transparency and comparability by recognizing a lessee’s rights and obligations resulting from leases by recording them on the balance sheet as right-of-use assets and lease liabilities. The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification dictates whether lease expense is to be recognized based on an effective interest method or on a straight-line basis over the term of the lease. Additional qualitative and quantitative disclosures will be required to give financial statement users information on the amount, timing and judgments related to a reporting entity’s cash flows arising from leases. This ASU is effective for Nordstrom beginning in the first quarter of 2019. We are currently evaluating the impact of the standard, which will require recognizing and measuring leases at the beginning of the earliest period presented using a modified retrospective approach. We expect adoption of this standard will have a material impact on our Consolidated Financial Statements.

In March 2016, the FASB issued ASU No. 2016-09, Compensation — Stock Compensation — Improvements to Employee Share-Based Payment Accounting, which simplifies several aspects of the accounting for share-based payments and presentation within the financial statements. We adopted ASU No. 2016-09 with an effective date of January 29, 2017. The impact of the adoption resulted in the following:

•

Excess tax benefits and deficiencies resulting from stock-based compensation arrangements are now recorded within income tax expense on the Consolidated Statement of Earnings when the awards vest or are settled, rather than within equity. Additionally, excess tax benefits are now excluded from assumed future proceeds in our calculation of diluted shares for purposes of determining diluted earnings per share. The prospective adoption of this provision did not have a material effect on the Consolidated Financial Statements for the year ended February 3, 2018. We had no previously unrecognized excess tax benefits that would have resulted in a cumulative-effect adjustment to beginning retained earnings.


•	Forfeitures on share-based awards are recorded as they occur, rather than our historical method of estimating forfeitures at the grant date. In evaluating the impact of this change, the adjustment to adopt on a modified retrospective basis was immaterial, therefore, no adjustment has been made to beginning retained earnings.

•

Excess tax benefits from stock-based compensation arrangements are classified as cash flows from operations, rather than as cash flows from financing activities. We adopted this change retrospectively, which resulted in an increase to net cash provided by operating activities and an increase in cash flows used in financing activities of $5 for 2016 and $15 for 2015. Additionally, cash flows related to withholding shares for tax purposes on net-settled awards are classified as financing activities, rather than operating activities. This classification change was also adopted retrospectively, resulting in an increase of $5 for 2016 and $4 for 2015 to net cash provided by operating activities with an offsetting increase to net cash used in financing activities on the Consolidated Statement of Cash Flows for 2016 and 2015.

In January 2017, the FASB issued ASU No. 2017-04, Intangibles — Goodwill and Other: Simplifying the Test for Goodwill Impairment, which simplifies the accounting for goodwill impairment by eliminating step two from the goodwill impairment test. Under this new guidance, if the carrying amount of a reporting unit exceeds its estimated fair value, an impairment charge shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. The ASU is effective prospectively for fiscal years and interim periods within those years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. We are currently evaluating the impact this guidance would have on our Consolidated Financial Statements.

In December 2017, the Securities and Exchange Commission (“SEC”) released Staff Accounting Bulletin No. 118 (the “Bulletin”), which provides accounting guidance regarding accounting for income taxes for the reporting period that includes the enactment of the Tax Act. The Bulletin provides guidance in those situations where the accounting for certain income tax effects of the Tax Act will be incomplete by the time financial statements are issued for the reporting period that includes the enactment date. For those elements of the Tax Act that cannot be reasonably estimated, no effect will be recorded.

The SEC has provided in the Bulletin that in situations where the accounting is incomplete for certain effects of the Tax Act, a measurement period which begins in the reporting period that includes the enactment of the Tax Act and ends when the entity has obtained, prepared and analyzed the information is needed in order to complete the accounting requirements. The measurement period shall not exceed one year from enactment. In accordance with SAB 118, we have recorded provisional tax expense associated with the impacts of the Tax Act (see Note 13: Income Taxes for additional information).

In February 2018, the FASB issued ASU No. 2018-02, Income Statement — Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. This new guidance will allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Act. The ASU is effective for us beginning in the first quarter of 2019, with early adoption permitted. We do not expect the adoption of this standard to have a material impact on our Consolidated Financial Statements.

Credit Card Receivable Transaction	12 Months Ended
Credit Card Receivable Transaction	Feb. 03, 2018
Credit Card Receivable Transaction [Abstract]
Credit Card Receivable Transaction	NOTE 2: CREDIT CARD RECEIVABLE TRANSACTION In October 2015, we completed the sale of a substantial majority of our U.S. Visa and private label credit card portfolio to TD. In November 2017, we sold the remaining balances which consisted of employee credit card receivables for the U.S. Visa and Nordstrom private label credit cards to TD for an amount equal to the gross value of the outstanding receivables. Additionally, we entered into an amended long-term program agreement under which TD is the exclusive issuer of our U.S. consumer credit cards and we perform account servicing functions. In connection with the close of the credit card receivable transaction in October 2015, we defeased $325 in secured Series 2011-1 Class A Notes in order to provide the credit card receivables to TD free and clear. At close, we received $2.2 billion in cash consideration reflecting the par value of the receivables sold, and incurred $32 in transaction-related expenses during the third quarter of 2015. Pursuant to the agreement, we are obligated to offer and administer our Nordstrom Rewards loyalty program and perform other account servicing functions. In return, we receive a portion of the ongoing credit card revenue, net of credit losses, from both the sold and newly generated credit card receivables. At close of the November 2017 transaction, we received $55 in cash consideration reflecting the par value of the employee receivables sold. In October 2015, we recorded certain assets and liabilities associated with the arrangement. The beneficial interest asset is amortized over approximately four years based primarily on the payment rate of the associated receivables. The deferred revenue and investment in contract asset are recognized/amortized over seven years on a straight-line basis, following the delivery of the contract obligations and expected life of the agreement. We record each of these items in credit card revenue, net in our Consolidated Statements of Earnings. Cash Flows Presentation Nordstrom private label credit and debit cards can be used at a majority of our U.S. retail businesses, while Nordstrom Visa credit cards also may be used for purchases outside of Nordstrom. Prior to the completion of the credit card receivable transactions in October 2015 and November 2017, cash flows from the use of both the private label and Nordstrom Visa credit cards for sales originating at our stores and our digital channels were treated as an operating activity within the Consolidated Statements of Cash Flows, as they related to sales at Nordstrom. Additionally, cash flows arising from the use of Nordstrom Visa credit cards outside of our stores were treated as an investing activity within the Consolidated Statements of Cash Flows, as they represented loans made to our customers for purchases at third parties.

Land, Property And Equipment

12 Months Ended

Feb. 03, 2018

Property, Plant and Equipment [Abstract]

Land, Property And Equipment

NOTE 3: LAND, PROPERTY AND EQUIPMENT

Land, property and equipment consist of the following:



	February 3, 2018			January 28, 2017
Land and land improvements		$111			$107
Buildings and building improvements	1,246			1,198
Leasehold improvements	3,099			2,938
Store fixtures and equipment	3,724			3,513
Capitalized software	1,280			1,183
Construction in progress	584			554
Land, property and equipment	10,044			9,493
Less: accumulated depreciation and amortization	(6,105		)	(5,596		)
Land, property and equipment, net		$3,939			$3,897

The total cost of property and equipment held under capital lease obligations was $26 at the end of 2017 and 2016, with related accumulated amortization of $25 in 2017 and 2016. Depreciation and amortization expense was $655, $631 and $560 in 2017, 2016 and 2015.

Postretirement Benefits

12 Months Ended

Feb. 03, 2018

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

Postretirement Benefits

NOTE 6: POSTRETIREMENT BENEFITS

We have an unfunded defined benefit Supplemental Executive Retirement Plan (“SERP”), which provides retirement benefits to certain officers and select employees. The SERP has different benefit levels depending on the participant’s role in the Company. At the end of 2017, we had 57 participants in the plan, including 16 officers and select employees eligible for SERP benefits, 40 retirees and one beneficiary. This plan is non-qualified and does not have a minimum funding requirement.

Benefit Obligations and Funded Status

Our benefit obligation and funded status is as follows:



	February 3, 2018			January 28, 2017
Change in benefit obligation:
Benefit obligation at beginning of year		$188			$181
Participant service cost	3			3
Interest cost	7			7
Benefits paid	(8		)	(7		)
Actuarial gain	10			4
Benefit obligation at end of year	200			188
Change in plan assets:
Fair value of plan assets at beginning of year	—			—
Employer contribution	8			7
Benefits paid	(8		)	(7		)
Fair value of plan assets at end of year	—			—
Underfunded status at end of year		($200	)		($188	)

The accumulated benefit obligation, which is the present value of benefits, assuming no future compensation changes, was $197 and $184 at the end of 2017 and 2016.

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



	February 3, 2018		January 28, 2017
Accrued salaries, wages and related benefits		$9		$8
Other liabilities (noncurrent)	191		180
Net amount recognized		$200		$188

Components of SERP Expense

The components of SERP expense recognized in the Consolidated Statements of Earnings are as follows:



Fiscal year	2017		2016		2015
Participant service cost		$3		$3		$3
Interest cost	7		7		7
Amortization of net loss and other	3		3		11
Total SERP expense		$13		$13		$21

Amounts not yet reflected in SERP expense and included in accumulated other comprehensive loss (pre-tax) consist of the following:



	February 3, 2018			January 28, 2017
Accumulated loss		($46	)		($41	)
Prior service credit	2			4
Total accumulated other comprehensive loss		($44	)		($37	)

In 2018, we expect $4 of costs currently in accumulated other comprehensive loss to be recognized as components of SERP expense.

Assumptions

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



Fiscal year	2017		2016		2015
Assumptions used to determine benefit obligation:
Discount rate	3.95	%	4.31	%	4.55	%
Rate of compensation increase	3.00	%	3.00	%	3.00	%
Assumptions used to determine SERP expense:
Discount rate	4.31	%	4.55	%	3.70	%
Rate of compensation increase	3.00	%	3.00	%	3.00	%

Future Benefit Payments and Contributions

As of February 3, 2018, 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
2018		$9
2019	10
2020	11
2021	11
2022	11
2023 – 2027	61

Debt And Credit Facilities

12 Months Ended

Feb. 03, 2018

Debt Disclosure [Abstract]

Debt And Credit Facilities

NOTE 7: DEBT AND CREDIT FACILITIES

Debt

A summary of our long-term debt, including capital leases, is as follows:



	February 3, 2018			January 28, 2017
Secured
Mortgage payable, 7.68%, due April 2020		$17			$24
Other	1			3
Total secured debt	18			27
Unsecured
Net of unamortized discount:
Senior notes, 6.25%, due January 2018	—			650
Senior notes, 4.75%, due May 2020	500			499
Senior notes, 4.00%, due October 2021	500			500
Senior notes, 4.00%, due March 2027	349			—
Senior debentures, 6.95%, due March 2028	300			300
Senior notes, 7.00%, due January 2038	146			146
Senior notes, 5.00%, due January 2044	892			602
Other¹	32			50
Total unsecured debt	2,719			2,747

Total long-term debt	2,737			2,774
Less: current portion	(56		)	(11		)
Total due beyond one year		$2,681			$2,763

¹Other unsecured debt includes our Puerto Rico unsecured borrowing facility partially offset by deferred bond issue costs.

Our mortgage payable is secured by an office building that had a net book value of $56 at the end of 2017.

Required principal payments on long-term debt, excluding capital lease obligations, are as follows:



Fiscal year
2018		$56
2019	8
2020	502
2021	500
2022	—
Thereafter	1,764

During 2017, we issued $350 aggregate principal amount of 4.00% senior unsecured notes due March 2027 and $300 aggregate principal amount of 5.00% senior unsecured notes due January 2044. With the proceeds of these new notes, we retired our $650 senior unsecured notes that were due January 2018. We incurred $18 of net interest expense related to the refinancing, which included the write-off of unamortized balances associated with the debt discount, issue costs and fair value hedge adjustment resulting from the sale of our interest rate swap agreements in 2012. It also included a one-time payment of $24 to 2018 Senior Note holders under a make-whole provision, which represents the net present value of the expected coupon payments had the notes been outstanding through the original maturity date.

Interest Expense

The components of interest expense, net are as follows:



Fiscal year	2017			2016			2015
Interest on long-term debt and short-term borrowings		$168			$147			$153
Less:
Interest income	(5		)	(1		)	—
Capitalized interest	(27		)	(25		)	(28		)
Interest expense, net		$136			$121			$125

Credit Facilities

As of February 3, 2018, we had total short-term borrowing capacity of $800 under our senior unsecured revolving credit facility (“revolver”) that expires in April 2020. Under the terms of our revolver, we pay a variable rate of interest and a commitment fee based on our debt rating. The revolver is available for working capital, capital expenditures and general corporate purposes. We have the option to increase the revolving commitment by up to $200, to a total of $1,000, provided that we obtain written consent from the lenders.

The revolver requires that we maintain an adjusted debt to earnings before interest, income taxes, depreciation, amortization and rent (“EBITDAR”) leverage ratio of no more than four times. As of February 3, 2018 and January 28, 2017, we were in compliance with this covenant.

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, while it is outstanding, of reducing available liquidity under the revolver by an amount equal to the principal amount of commercial paper.

As of February 3, 2018 and January 28, 2017, we had no issuances outstanding under our commercial paper program and no borrowings outstanding under our revolver.

Our wholly owned subsidiary in Puerto Rico maintains a $52 unsecured borrowing facility to support our expansion into that market. The facility expires in Fall 2018 and borrowings on this facility incur interest based upon the LIBOR plus 1.275% per annum and also incurred a fee based on any unused commitment. As of February 3, 2018 and January 28, 2017, we had $48 and $50 outstanding on this facility, which is included as a component in other unsecured debt and the current portion of debt.

Fair Value Measurements

12 Months Ended

Feb. 03, 2018

Fair Value Disclosures [Abstract]

Fair Value Measurements

NOTE 8: 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 Not Measured at Fair Value

Financial instruments not measured at fair value on a recurring basis include cash and cash equivalents, accounts receivable, accounts payable and certificates of deposit, which approximate fair value due to their short-term nature, and long-term debt.

We estimate the fair value of long-term debt using quoted market prices of the same or similar issues and, as such, this 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:



	February 3, 2018		January 28, 2017
Carrying value of long-term debt		$2,737		$2,774
Fair value of long-term debt	2,827		2,949

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, investment in contract asset and long-lived tangible and intangible 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 fiscal year 2017.

In the third quarter of 2016, the long-term operating plan for Trunk Club was updated to reflect current expectations for future growth and profitability, which were lower than previous expectations. Due to lowered expectations, we tested Trunk Club goodwill for impairment one quarter prior to the annual evaluation. Step 1 test results indicated that the estimated fair value of the reporting unit was less than the carrying value.

In our Step 2 analysis, we used a combination of the expected present value of future cash flows (income approach) and comparable public companies (market approach) to determine the fair value of the reporting unit. These approaches use primarily unobservable inputs, including discount, sales growth and profit margin rates, which are considered Level 3 fair value measurements. The fair value analysis took into account recent and expected operating performance as well as the overall decline in the retail industry. Within our Retail Segment, we recognized a goodwill impairment charge of $197 in 2016, reducing Trunk Club goodwill to $64 as of January 28, 2017, from $261 as of January 30, 2016.

In 2015, we recorded asset impairment charges of $59, which are included in our Retail Business selling, general and administrative expenses. For additional information related to goodwill, intangible assets, long-lived assets and impairments, see Note 1: Nature of Operations and Summary of Significant Accounting Policies.

Stockholders' Equity Note [Abstract]

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

Leases

12 Months Ended

Feb. 03, 2018

Leases [Abstract]

Leases

NOTE 9: LEASES

We lease the land or the land and buildings at many of our stores. Additionally, we lease office facilities, warehouses and equipment. Most of these leases are classified as operating leases and they expire at various dates through 2080. The majority of our fixed, non-cancellable lease terms are 15 to 30 years for Nordstrom full-line stores and 10 to 15 years for Nordstrom Rack stores. Many of our leases include options that allow us to extend the lease term beyond the initial commitment period, subject to terms agreed to at lease inception. Most of our leases also provide for payment of operating expenses, such as common area charges, real estate taxes and other executory costs, and some leases require additional payments based on sales, referred to as “percentage rent.”

Future minimum lease payments as of February 3, 2018 are as follows:



Fiscal year	Operating leases
2018		$309
2019	312
2020	293
2021	269
2022	247
Thereafter	1,310
Total minimum lease payments		$2,740

Rent expense for 2017, 2016 and 2015 was as follows:



Fiscal year	2017			2016			2015
Minimum rent:
Store locations		$274			$230			$204
Offices, warehouses and equipment	44			40			41
Percentage rent	11			12			13
Property incentives	(79		)	(80		)	(82		)
Total rent expense		$250			$202			$176

The rent expense above does not include common area charges, real estate taxes and other executory costs, which were $121 in 2017, $112 in 2016 and $97 in 2015.

Commitments And Contingencies	12 Months Ended
Commitments And Contingencies	Feb. 03, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	NOTE 10: COMMITMENTS AND CONTINGENCIES Our estimated total purchase obligations, capital expenditure contractual commitments and inventory purchase orders were $1,462 as of February 3, 2018. In connection with the purchase of foreign merchandise, we have no outstanding trade letters of credit as of February 3, 2018. Plans for our Nordstrom NYC store, which we currently expect to open in 2019, ultimately include owning a condominium interest in a mixed-use tower and leasing certain nearby properties. As of February 3, 2018, we had approximately $289 of fee interest in land, which is expected to convert to the condominium interest once the store is constructed. We have committed to make future installment payments based on the developer meeting pre-established construction and development milestones. In the event that this project is not completed, the opening may be delayed and we may be subject to future losses or capital commitments in order to complete construction or to monetize our investment in the land.

Shareholders' Equity

12 Months Ended

Feb. 03, 2018

Shareholders' Equity

NOTE 11: SHAREHOLDERS’ EQUITY

The following is a summary of the activity related to our share repurchase programs in 2015, 2016 and 2017:



	Shares	Average price per share		Amount
Capacity at January 31, 2015					$1,075
October 2015 authorization (ended March 1, 2017)				1,000
Shares repurchased	19.1		$63	(1,191		)
Expiration of unused capacity in March 2015¹				(73		)
Capacity at January 30, 2016				811
Shares repurchased	5.9		$48	(282		)
Capacity at January 28, 2017				529
February 2017 authorization (ending August 31, 2018)				500
Shares repurchased	4.6		$45	(206		)
Expiration of unused October 2015 authorization capacity in March 2017				(409		)
Capacity at February 3, 2018					$414

¹Expiration relates to the February 2013 program.

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

We paid dividends of $1.48 per share in 2017 and 2016 and $6.33 per share in 2015. Dividends paid in 2015 included a special cash dividend of $905, or $4.85 per share of outstanding common stock, in addition to our quarterly dividends totaling $1.48 per share. The special dividend was authorized by our Board of Directors on October 1, 2015, and was paid using proceeds from the sale of our credit card receivables (see Note 2: Credit Card Receivable Transaction).

In February 2018, subsequent to year end, we declared a quarterly dividend of $0.37 per share, which will be paid on March 20, 2018.

Stock-Based Compensation

12 Months Ended

Feb. 03, 2018

Share-based Compensation [Abstract]

Stock-Based Compensation

NOTE 12: STOCK-BASED COMPENSATION

We currently grant stock-based awards under our 2010 Plan, 2002 Plan and Trunk Club VCP, and employees may purchase our stock at a discount under our employee stock purchase plan (“ESPP”).

In 2010, our shareholders approved the adoption of the 2010 Plan, which replaced the 2004 Equity Incentive Plan (“2004 Plan”). The 2010 Plan authorizes the grant of stock options, restricted stock, performance share units, stock appreciation rights and unrestricted shares of common stock to employees. On May 16, 2017, our shareholders approved an amendment to the 2010 Equity Incentive Plan. The amendment increases common stock available for issuance by 6.2. The aggregate number of shares to be issued under the 2010 Plan may not exceed 30.4 plus any shares currently outstanding under the 2004 Plan that are forfeited or expire during the term of the 2010 Plan. No future grants will be made under the 2004 Plan. As of February 3, 2018, we have 77.5 shares authorized, 52.8 shares issued and outstanding and 8.7 shares remaining available for future grants under the 2010 Plan.

The 2002 Plan authorizes the grant of stock awards to our nonemployee directors. These awards may be deferred or issued in the form of restricted or unrestricted stock, non-qualified stock options or stock appreciation rights. As of February 3, 2018, we had 0.9 shares authorized and 0.4 shares available for issuance under this plan. In 2017, total expense on deferred shares was less than $1.

The Trunk Club VCP is a performance-based plan that provides for three payout scenarios based on the results of Trunk Club’s business meeting minimum or exceeding maximum 2018 sales and earnings metrics. As of February 3, 2018, we granted 0.6 of the 1.0 units available for grant. There is no unrecognized stock-based compensation expense related to nonvested VCP units as no payout is expected. If at any time it becomes probable that another outcome will be achieved, compensation expense will be cumulatively adjusted based on the grant date fair value associated with that payout scenario.

Under the ESPP, employees may make payroll deductions of up to 10% 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 February 3, 2018, we had 12.6 shares authorized and 2.2 shares available for issuance under the ESPP. We issued 0.4 shares under the ESPP during 2017 and 2016. At the end of 2017 and 2016, we had current liabilities of $6 for future purchases of shares under the ESPP.

The following table summarizes our stock-based compensation expense:



Fiscal year	2017			2016			2015
Stock options		$18			$36			$33
Restricted stock units	51			34			18
Acquisition-related stock compensation	1			15			17
Performance share units	2			1			(3		)
Other	5			5			5
Total stock-based compensation expense, before income tax benefit	77			91			70
Income tax benefit	(20		)	(28		)	(21		)
Total stock-based compensation expense, net of income tax benefit		$57			$63			$49

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



Fiscal year	2017		2016		2015
Cost of sales and related buying and occupancy costs		$25		$25		$20
Selling, general and administrative expenses	52		66		50
Total stock-based compensation expense, before income tax benefit		$77		$91		$70

The benefit of tax deductions in excess of the compensation cost recognized for stock-based awards is classified as operating cash inflows and is reflected as excess tax benefit from stock-based compensation in the Consolidated Statements of Cash Flows.

Special Dividend Adjustment

In connection with the closing of our credit card receivable transaction on October 1, 2015, our Board of Directors authorized a special cash dividend of $4.85 per share (see Note 11: Shareholders’ Equity). As required by our equity incentive plan’s non-discretionary anti-dilutive provisions, an adjustment was made to outstanding awards to prevent dilution of their value resulting from the special cash dividend. These adjustments did not result in incremental stock-based compensation expense as the fair value measure of the awards were the same immediately before and after the adjustment. The adjustments to awards included increasing the number of outstanding restricted stock units, stock options and performance shares, as well as reducing the exercise prices of outstanding stock options.

Stock Options

Our Compensation Committee of our Board of Directors approves annual grants of nonqualified stock options to employees. We used the following assumptions to estimate the fair value for stock options at each grant date (excluding options granted in connection with the Trunk Club acquisition):



Fiscal Year		2017			2016			2015
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.	1.0% – 2.5%			0.7% – 1.9%			0.2% – 2.1%
	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.	40.1		%	36.8		%	29.4		%
	Weighted-average expected dividend yield: Our forecasted dividend yield for the next 10 years.	2.4		%	2.2		%	1.8		%
	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.	7.1			6.9			6.7

Grant Date Information
	Date of grant	February 28, 2017			February 29, 2016			February 24, 2015
	Weighted-average fair value per option		$16			$16			$21
	Exercise price per option		$47			$51			$81

Supplemental nonqualified stock options were also granted to certain company leaders on June 7, 2016, at an exercise price per option of $41. The assumptions used to estimate the fair value for the supplemental stock options were similar to the 2016 annual grant assumptions. The weighted-average fair value per option at the grant date was $13. In 2016, we also granted stock options to certain qualified employees outside of the annual and supplemental grant dates, which were insignificant in aggregate. The number of awards granted to an individual are determined based upon a percentage of the recipient’s base salary and the fair value of the stock options. Options typically vest over four years, and expire 10 years after the date of grant.

A summary of stock option activity for 2017, which includes awards issued as part of the Trunk Club acquisition in 2014, is presented below:



Fiscal year	2017
	Shares		Weighted- average exercise price		Weighted-average remaining contractual life (years)		Aggregate intrinsic value
Outstanding, beginning of year	13.5			$48
Granted	0.3		47
Exercised	(0.7	)	30
Forfeited or cancelled	(0.8	)	54
Outstanding, end of year	12.3			$49	5			$52
Exercisable, end of year	9.1			$47	4			$49
Vested or expected to vest, end of year	11.8			$49	5			$52

Fiscal year			2017		2016		2015
Aggregate intrinsic value of options exercised				$13		$30		$62
Fair value of stock options vested				$34		$40		$44

As of February 3, 2018, the total unrecognized stock-based compensation expense related to nonvested stock options was $22, which is expected to be recognized over a weighted-average period of 21 months.

Restricted Stock

Our Compensation 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 2017 is presented below:



Fiscal year	2017
	Shares		Weighted-average grant date fair value per unit
Outstanding, beginning of year	2.3			$49
Granted	1.9		42
Vested	(0.5	)	56
Forfeited or cancelled	(0.4	)	63
Outstanding, end of year	3.3			$45

The aggregate fair value of restricted stock units vested during 2017, 2016 and 2015 was $26, $17 and $11. As of February 3, 2018, the total unrecognized stock-based compensation expense related to nonvested restricted stock units was $83, which is expected to be recognized over a weighted-average period of 28 months.

Performance Share Units

We grant performance share units to executive officers as one of the ways to align compensation with shareholder interests. Performance share units are earned after a three-year performance cycle only when our total shareholder return (reflecting daily stock price appreciation and compounded reinvestment of dividends) outperforms companies in a defined peer group determined by the Compensation Committee of our Board of Directors. The percentage of units that are earned depends on our relative position at the end of the performance cycle and can range from 0% to 175% of the number of units granted.

Beginning in 2016, performance share units are payable only in Company stock and are classified as equity awards. We record compensation cost based upon the value of the underlying stock at the date of grant. The provisions of the performance share units are considered a market condition, and therefore the effect of that market condition is reflected in the grant date fair value of the award. We used a Monte-Carlo simulation to account for the market condition in the fair value of the award. Compensation cost is recognized regardless of whether the market condition is actually satisfied; however, the compensation cost is reversed if an employee terminates prior to satisfying the requisite service period. Dividends are not paid during the performance period.

Our 2015 performance share units are liability-based awards due to our ability to settle them in cash or stock as elected by the employee. As liability-based awards, they are remeasured, with a corresponding adjustment to earnings, at each fiscal quarter-end during the performance cycle. The performance share unit liability is remeasured using the estimated percentage of units earned multiplied by the closing market price of our common stock on the current period-end date and is pro-rated based on the amount of time that has passed in the vesting period. The price used to determine the amount of cash or stock settled for the performance share units upon vesting is the closing market price of our common stock on the last day of the performance cycle.

The following is a summary of performance share unit activity, which assumes performance share units vest at 100% of the number of units granted:



Fiscal year	2017
Outstanding units, beginning of year	0.2
Granted	0.1
Vested	—
Forfeited or cancelled	(0.1	)
Outstanding units, end of year	0.2

No performance share units were earned nor vested in 2017. In both 2016 and 2015, performance share units earned and vested at 75%, there was a stock and cash settlement of $3 and performance share units earned were less than 0.1.

As of February 3, 2018, there were no liabilities recorded for performance share units and there was $4 in remaining unrecognized stock-based compensation expense for unvested performance share units.

Income Taxes

12 Months Ended

Feb. 03, 2018

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 13: INCOME TAXES

In December 2017, the Tax Act was signed into law. Among numerous other provisions, the Tax Act significantly revises the U.S. federal corporate income tax by reducing the statutory rate from 35% to 21%, imposing a mandatory one-time transition tax on accumulated unrepatriated earnings of foreign subsidiaries and enhancing and extending the option to claim accelerated depreciation on qualified property. The Tax Act also revises tax laws that will affect 2018, including, but not limited to, eliminating certain deductions for executive compensation and limiting the deduction for interest. We have reasonably estimated the effects of the Tax Act and recorded provisional amounts in our Consolidated Financial Statements as of February 3, 2018. Net earnings included $42 related to the Tax Act, which includes a provisional one-time, non-cash charge of $51 related to the revaluation of our net deferred tax assets for the change in statutory tax rate and for the impacts associated with the future limitations on executive compensation, partially offset by cash tax savings from a lower federal tax rate. As we complete our analysis of the Tax Act and interpret any additional guidance issued by the U.S. Treasury Department, the IRS and other standard-setting bodies, we may make adjustments to the provisional amounts, which may materially impact our provision for income taxes in the period in which the adjustments are recorded.

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



Fiscal year	2017			2016			2015
U.S.		$803			$687			$996
Foreign	(13		)	(3		)	(20		)
Earnings before income taxes		$790			$684			$976

Income tax expense consists of the following:



Fiscal year	2017		2016			2015
Current income taxes:
Federal		$291		$290			$202
State and local	51		54			32
Foreign	—		1			—
Total current income tax expense	342		345			234
Deferred income taxes:
Federal	10		(17		)	123
State and local	1		(5		)	23
Foreign	—		7			(4		)
Total deferred income tax (benefit) expense	11		(15		)	142
Total income tax expense		$353		$330			$376

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



Fiscal year	2017		2016		2015
Statutory rate¹	33.7	%	35.0	%	35.0	%
Tax Act impact	6.1	%	—		—
Goodwill impairment	—		10.1	%	—
State and local income taxes, net of federal income taxes	4.5	%	5.1	%	4.1	%
Non-deductible acquisition-related items	0.3	%	0.6	%	0.4	%
Federal credits	(0.7	%)	(0.6	%)	(0.6	%)
Other, net	0.8	%	(2.0	%)	(0.3	%)
Effective tax rate	44.7	%	48.2	%	38.6	%

¹ The statutory rate in 2017 is reduced due to tax reform.

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



	February 3, 2018			January 28, 2017
Compensation and benefits accruals		$148			$209
Allowance for sales returns	50			76
Credit card receivable transaction	8			13
Accrued expenses	27			39
Merchandise inventories	12			43
Gift cards	27			33
Federal benefit of state taxes	16			18
Net operating losses	22			12
(Loss) Gain on sale of interest rate swap	(1		)	4
Other	3			18
Total deferred tax assets	312			465
Valuation allowance	(51		)	(37		)
Total net deferred tax assets	261			428
Land, property and equipment basis and depreciation differences	(109		)	(258		)
Debt exchange premium	(14		)	(23		)
Total deferred tax liabilities	(123		)	(281		)
Net deferred tax assets		$138			$147

As of February 3, 2018, our state and foreign net operating loss carryforwards for income tax purposes were approximately $11 and $64. As of January 28, 2017, our state and foreign net operating loss carryforwards for income tax purposes were approximately $11 and $37. The net operating loss carryforwards are subject to certain statutory limitations of the Internal Revenue Code, applicable state laws and applicable foreign laws. If not utilized, a portion of our state and foreign net operating loss carryforwards will begin to expire in 2031 and 2033. Management believes it is more likely than not that certain state and foreign net operating loss carryforwards and deferred tax assets of foreign subsidiaries will not be realized in the foreseeable future. As such, a valuation allowance of $51 and $37 have been recorded as of February 3, 2018 and January 28, 2017.

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



Fiscal year	2017			2016			2015
Unrecognized tax benefit at beginning of year		$32			$19			$15
Gross increase to tax positions in prior periods	2			16			6
Gross decrease to tax positions in prior periods	(7		)	—			(2		)
Gross increase to tax positions in current period	5			2			2
Lapses in statute	(1		)	(5		)	(2		)
Unrecognized tax benefit at end of year		$31			$32			$19

At the end of 2017 and 2016, $18 and $19 of the ending gross unrecognized tax benefit related to items which, if recognized, would affect the effective tax rate.

Our income tax expense included an increase to expense of $1 in 2017 for tax-related interest and penalties. There were no significant changes to expense in 2016 and 2015. At the end of 2017 and 2016, our liability for interest and penalties was $3 and $2.

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 2013. Unrecognized tax benefits related to federal, state and local tax positions may decrease by $6 by February 2, 2019, due to the completion of examinations and the expiration of various statutes of limitations.

Earnings Per Share

12 Months Ended

Feb. 03, 2018

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 stock options and restricted stock. 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	2017		2016		2015
Net earnings		$437		$354		$600

Basic shares	166.8		173.2		186.3
Dilutive effect of common stock equivalents	2.1		2.4		3.8
Diluted shares	168.9		175.6		190.1

Earnings per basic share		$2.62		$2.05		$3.22
Earnings per diluted share		$2.59		$2.02		$3.15

Anti-dilutive common stock equivalents	10.5		8.0		2.3

Net earnings in 2016 included the Trunk Club goodwill impairment charge of $197, which had an impact of $1.14 per basic share and $1.12 per diluted share.

Segment Reporting

12 Months Ended

Feb. 03, 2018

Segment Reporting [Abstract]

Segment Reporting

NOTE 15: SEGMENT REPORTING

Segments

We have two reportable segments, which include Retail and Credit.

Our Retail segment includes our Full-price operating segment, which is comprised of our Nordstrom U.S. full-line stores and Nordstrom.com. Both of these divisions earn revenue by offering customers a wide range of apparel, shoes, cosmetics and accessories for women, men, young adults and children. Through our multi-channel initiatives, we have integrated the operations, merchandising and technology of our Nordstrom full-line and online stores, consistent with our customers’ expectations of a seamless shopping experience regardless of channel. Internal reporting to our principal executive officer, who is also our chief operating decision maker, is consistent with these multi-channel initiatives. Our Nordstrom Rack, Nordstromrack.com/HauteLook, Nordstrom Canada, Trunk Club and Jeffrey operating segments have similar economic and qualitative characteristics, including nature of products, method of distribution and type of customer, or the segment results are not significant to the operating results of Full-price. Therefore, the results of these operating segments have been aggregated with our Full-price operating segment into the Retail 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), sales return reserves, inter-segment eliminations and other adjustments to segment results necessary for the presentation of consolidated financial results in accordance with generally accepted accounting principles.

Retail Business represents a subtotal of the Retail segment and Corporate/Other, and is consistent with our presentation in Item 7: Management’s Discussion and Analysis of Financial Condition and Results of Operations. Retail Business is not a reportable segment.

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. As a result of the evolution of our operations, our reportable segments have become progressively more integrated such that we will change our reportable segments to one reportable segment to align with how management will view the results of our operations in the first quarter of 2018.

Accounting Policy

In general, we use the same measurements to compute earnings before income taxes for reportable segments as we do for the consolidated Company. However, redemptions of our Nordstrom Notes are included in net sales for our Retail segment. The sales amount in our Corporate/Other column includes an entry to eliminate these transactions from our consolidated net sales. The related Nordstrom Notes expenses are included in our Retail segment at face value. Our Corporate/Other column includes an adjustment to reduce the Nordstrom Notes expense from face value to their estimated cost. In addition, our sales return reserve and other corporate adjustments are recorded in the Corporate/Other column. Other than as described above, 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 segments:



	Retail		Corporate/Other			Retail Business			Credit			Total
Fiscal year 2017
Net sales		$15,408		($271	)		$15,137			$—			$15,137
Credit card revenues, net	—		—			—			341			341
Earnings (loss) before interest and income taxes	1,206		(454		)	752			174			926
Interest expense, net	—		(136		)	(136		)	—			(136		)
Earnings (loss) before income taxes	1,206		(590		)	616			174			790
Capital expenditures	516		214			730			1			731
Depreciation and amortization	445		213			658			8			666
Assets	5,237		2,638			7,875			240			8,115

Fiscal year 2016
Net sales		$14,768		($270	)		$14,498			$—			$14,498
Credit card revenues, net	—		—			—			259			259
Earnings (loss) before interest and income taxes	1,006		(298		)	708			97			805
Interest expense, net	—		(121		)	(121		)	—			(121		)
Earnings (loss) before income taxes	1,006		(419		)	587			97			684
Capital expenditures	593		249			842			4			846
Depreciation and amortization	456		182			638			7			645
Assets	5,291		2,088			7,379			479			7,858

Fiscal year 2015
Net sales		$14,376		($281	)		$14,095			$—			$14,095
Credit card revenues, net	—		—			—			342			342
Earnings (loss) before interest and income taxes	1,220		(302		)	918			183			1,101
Interest expense, net	—		(112		)	(112		)	(13		)	(125		)
Earnings (loss) before income taxes	1,220		(414		)	806			170			976
Capital expenditures	837		241			1,078			4			1,082
Depreciation and amortization	428		143			571			5			576
Assets	5,460		1,720			7,180			518			7,698

The following table summarizes net sales within our reportable segments:



Fiscal year	2017			2016			2015
Nordstrom full-line stores - U.S.¹		$6,951			$7,186			$7,633
Nordstrom.com	2,887			2,519			2,300
Full-price	9,838			9,705			9,933

Nordstrom Rack	4,059			3,809			3,533
Nordstromrack.com/HauteLook	897			700			532
Off-price	4,956			4,509			4,065

Other retail²	614			554			378
Retail segment	15,408			14,768			14,376
Corporate/Other	(271		)	(270		)	(281		)
Total net sales		$15,137			$14,498			$14,095

¹ Nordstrom full-line stores - U.S. includes Nordstrom Local.

²Other retail includes Nordstrom Canada full-line stores, Trunk Club and Jeffrey boutiques.

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



Fiscal year	2017		2016		2015
Women’s Apparel	32	%	32	%	31	%
Shoes	23	%	23	%	23	%
Men’s Apparel	16	%	17	%	17	%
Women’s Accessories	11	%	11	%	12	%
Beauty	11	%	11	%	11	%
Kids’ Apparel	4	%	3	%	3	%
Other	3	%	3	%	3	%
Total net sales	100	%	100	%	100	%

Selected Quarterly Data (Unaudited)

12 Months Ended

Feb. 03, 2018

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Data (Unaudited)

NOTE 16: SELECTED QUARTERLY DATA¹ (UNAUDITED)



	1st Quarter			2nd Quarter			3rd Quarter			4th Quarter			Total
Fiscal year 2017
Net sales		$3,279			$3,717			$3,541			$4,600			$15,137
Comparable sales (decrease) increase²	(0.8		%)	1.7		%	(0.9		%)	2.6		%	0.8		%
Credit card revenues, net	75			76			88			102			341
Gross profit	1,124			1,266			1,226			1,631			5,247
Selling, general and administrative expenses	(1,048		)	(1,125		)	(1,106		)	(1,383		)	(4,662		)
Earnings before interest and income taxes	151			217			208			350			926
Net earnings	63			110			114			151			437
Earnings per basic share		$0.38			$0.66			$0.68			$0.90			$2.62
Earnings per diluted share		$0.37			$0.65			$0.67			$0.89			$2.59

Fiscal year 2016
Net sales		$3,192			$3,592			$3,472			$4,243			$14,498
Comparable sales (decrease) increase³	(1.7		%)	(1.2		%)	2.4		%	(0.9		%)	(0.4		%)
Credit card revenues, net	57			59			70			73			259
Gross profit	1,092			1,233			1,211			1,523			5,058
Selling, general and administrative expenses	(1,043		)	(1,071		)	(1,029		)	(1,172		)	(4,315		)
Goodwill impairment	—			—			(197		)	—			(197		)
Earnings before interest and income taxes	106			221			55			424			805
Net earnings (loss)	46			117			(10		)	201			354
Earnings (Loss) per basic share⁴		$0.27			$0.67			($0.06	)		$1.17			$2.05
Earnings (Loss) per diluted share^4,5		$0.26			$0.67			($0.06	)		$1.15			$2.02

¹Quarterly totals may not foot across due to rounding.

²The 53rd week is not included in comparable sales calculations (see Item 7: Management’s Discussion and Analysis of Financial Condition and Results of Operations for more information about the 53rd week).

³One week of the Anniversary Sale, historically our largest event of the year, shifted into the third quarter. Combined second and third quarter comparable sales, which removes the impact of the event shift, increased 0.4% compared with the same period last year.

⁴Loss per basic and diluted share included the impact of the Trunk Club goodwill impairment charge of $1.14 and $1.12 per share in the third quarter of 2016.

⁵Due to the anti-dilutive effect resulting from the reported net loss in the third quarter of 2016, the impact of potentially dilutive securities on the weighted-average shares outstanding has been omitted from the quarterly calculation of loss per diluted share. The impact of these potentially dilutive securities has been included in the calculation of weighted-average shares for all other periods in 2016.

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

12 Months Ended

Feb. 03, 2018

Principles of Consolidation

Fiscal Year

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

Net Sales



Fiscal year	2017			2016			2015
Allowance at beginning of year		$187			$170			$160
Charged to costs and expenses	3,307			3,023			2,720
Deductions¹	(3,310		)	(3,006		)	(2,710		)
Allowance at end of year		$184			$187			$170

¹Deductions consist of actual returns, net of the value of the merchandise returned and any sales commission.

Credit Card Revenues, net

Cost of Sales

Cost of sales includes the purchase cost of inventory sold (net of vendor allowances), in-bound freight and certain costs of our loyalty program benefits.

Loyalty Program

Buying and Occupancy Costs

Rent

Selling, General and Administrative Expenses

Advertising

Vendor Allowances



Fiscal year	2017		2016		2015
Cosmetic expenses		$159		$166		$161
Purchase price adjustments	184		179		178
Cooperative advertising	107		114		109
Other	7		6		7
Total vendor allowances		$457		$465		$455

Shipping and Handling Costs

Stock-Based Compensation

New Store Opening Costs

Gift Cards

Income Taxes

Comprehensive Net Earnings

Cash Equivalents

Accounts Receivable

Merchandise Inventories

Land, Property and Equipment

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	3 – 7

We receive contributions from vendors for the construction of certain fixtures in our stores. These contributions offset the related capital expenditures.

Goodwill



	Trunk Club			HauteLook		Other¹		Total
Balance at January 31, 2015		$261			$121		$53		$435
Additions	—			—		—		—
Balance at January 30, 2016	261			121		53		435
Impairment	(197		)	—		—		(197		)
Balance at January 28, 2017	64			121		53		238
Additions	—			—		—		—
Balance at February 3, 2018		$64			$121		$53		$238

¹ Other includes Nordstrom.com and Jeffrey goodwill.

Long-Lived Assets

Self-Insurance

Foreign Currency

Recent Accounting Pronouncements


•	Gift card breakage will be recorded in sales, rather than selling, general, and administrative expenses. It will be estimated based on expected customer redemption periods, rather than when redemption is considered remote.


•	Loyalty sales attributable to our Nordstrom Rewards loyalty program benefits (for example, Notes, alterations) will be deferred rather than recording the loyalty program expenses as an increase to cost of sales.


•	Remaining unamortized balances of deferred revenue and investment in contract asset related to the sale of our receivables to TD will be written off as a cumulative-effect adjustment reducing accumulated deficit.


•	Revenue related to our online sales will be recognized at the shipping point rather than upon receipt by the customer.


•	Estimated costs of returns will be recorded as a current asset rather than netted with our sales return reserve.

We do not expect the provisions of this ASU to have a material impact on our Consolidated Financial Statements beyond our initial adoption.

•


•	Forfeitures on share-based awards are recorded as they occur, rather than our historical method of estimating forfeitures at the grant date. In evaluating the impact of this change, the adjustment to adopt on a modified retrospective basis was immaterial, therefore, no adjustment has been made to beginning retained earnings.

•

Earnings Per Share

NOTE 14: EARNINGS PER SHARE

Segment Reporting

Accounting Policy

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

12 Months Ended

Feb. 03, 2018

Activity In The Allowance For Sales Returns, Net

Activity in the allowance for sales returns, net, for the past three fiscal years is as follows:



Fiscal year	2017			2016			2015
Allowance at beginning of year		$187			$170			$160
Charged to costs and expenses	3,307			3,023			2,720
Deductions¹	(3,310		)	(3,006		)	(2,710		)
Allowance at end of year		$184			$187			$170

¹Deductions consist of actual returns, net of the value of the merchandise returned and any sales commission.

Vendor Allowances

Vendor allowances earned are as follows:



Fiscal year	2017		2016		2015
Cosmetic expenses		$159		$166		$161
Purchase price adjustments	184		179		178
Cooperative advertising	107		114		109
Other	7		6		7
Total vendor allowances		$457		$465		$455

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	3 – 7

Summary Of Goodwill Activity

The following summarizes our goodwill activity for the past three fiscal years:



	Trunk Club			HauteLook		Other¹		Total
Balance at January 31, 2015		$261			$121		$53		$435
Additions	—			—		—		—
Balance at January 30, 2016	261			121		53		435
Impairment	(197		)	—		—		(197		)
Balance at January 28, 2017	64			121		53		238
Additions	—			—		—		—
Balance at February 3, 2018		$64			$121		$53		$238

¹ Other includes Nordstrom.com and Jeffrey goodwill.

Postretirement Benefits (Tables)

12 Months Ended

Feb. 03, 2018

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

Benefit Obligations And Funded Status

Our benefit obligation and funded status is as follows:



	February 3, 2018			January 28, 2017
Change in benefit obligation:
Benefit obligation at beginning of year		$188			$181
Participant service cost	3			3
Interest cost	7			7
Benefits paid	(8		)	(7		)
Actuarial gain	10			4
Benefit obligation at end of year	200			188
Change in plan assets:
Fair value of plan assets at beginning of year	—			—
Employer contribution	8			7
Benefits paid	(8		)	(7		)
Fair value of plan assets at end of year	—			—
Underfunded status at end of year		($200	)		($188	)

Amounts Recognized As Liabilities In The Consolidated Balance Sheets

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



	February 3, 2018		January 28, 2017
Accrued salaries, wages and related benefits		$9		$8
Other liabilities (noncurrent)	191		180
Net amount recognized		$200		$188

Components Of SERP Expense Recognized In The Consolidated Statements Of Earnings

The components of SERP expense recognized in the Consolidated Statements of Earnings are as follows:



Fiscal year	2017		2016		2015
Participant service cost		$3		$3		$3
Interest cost	7		7		7
Amortization of net loss and other	3		3		11
Total SERP expense		$13		$13		$21

Amounts Not Yet Reflected In SERP Expense And Included In Accumulated Other Comprehensive Loss (Pre-Tax)

Amounts not yet reflected in SERP expense and included in accumulated other comprehensive loss (pre-tax) consist of the following:



	February 3, 2018			January 28, 2017
Accumulated loss		($46	)		($41	)
Prior service credit	2			4
Total accumulated other comprehensive loss		($44	)		($37	)

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	2017		2016		2015
Assumptions used to determine benefit obligation:
Discount rate	3.95	%	4.31	%	4.55	%
Rate of compensation increase	3.00	%	3.00	%	3.00	%
Assumptions used to determine SERP expense:
Discount rate	4.31	%	4.55	%	3.70	%
Rate of compensation increase	3.00	%	3.00	%	3.00	%

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

As of February 3, 2018, 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
2018		$9
2019	10
2020	11
2021	11
2022	11
2023 – 2027	61

Debt And Credit Facilities (Tables)

12 Months Ended

Feb. 03, 2018

Debt Disclosure [Abstract]

Summary Of Long-Term Debt

A summary of our long-term debt, including capital leases, is as follows:



	February 3, 2018			January 28, 2017
Secured
Mortgage payable, 7.68%, due April 2020		$17			$24
Other	1			3
Total secured debt	18			27
Unsecured
Net of unamortized discount:
Senior notes, 6.25%, due January 2018	—			650
Senior notes, 4.75%, due May 2020	500			499
Senior notes, 4.00%, due October 2021	500			500
Senior notes, 4.00%, due March 2027	349			—
Senior debentures, 6.95%, due March 2028	300			300
Senior notes, 7.00%, due January 2038	146			146
Senior notes, 5.00%, due January 2044	892			602
Other¹	32			50
Total unsecured debt	2,719			2,747

Total long-term debt	2,737			2,774
Less: current portion	(56		)	(11		)
Total due beyond one year		$2,681			$2,763

¹Other unsecured debt includes our Puerto Rico unsecured borrowing facility partially offset by deferred bond issue costs.

Schedule Of Required Principal Payments On Long-Term Debt

Required principal payments on long-term debt, excluding capital lease obligations, are as follows:



Fiscal year
2018		$56
2019	8
2020	502
2021	500
2022	—
Thereafter	1,764

Components Of Interest Expense, Net

The components of interest expense, net are as follows:



Fiscal year	2017			2016			2015
Interest on long-term debt and short-term borrowings		$168			$147			$153
Less:
Interest income	(5		)	(1		)	—
Capitalized interest	(27		)	(25		)	(28		)
Interest expense, net		$136			$121			$125

Future Minimum Lease Payments

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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644

+ Details

Leases (Tables)

12 Months Ended

Feb. 03, 2018

Leases [Abstract]

Future minimum lease payments as of February 3, 2018 are as follows:



Fiscal year	Operating leases
2018		$309
2019	312
2020	293
2021	269
2022	247
Thereafter	1,310
Total minimum lease payments		$2,740

Schedule Of Rent Expense

Rent expense for 2017, 2016 and 2015 was as follows:



Fiscal year	2017			2016			2015
Minimum rent:
Store locations		$274			$230			$204
Offices, warehouses and equipment	44			40			41
Percentage rent	11			12			13
Property incentives	(79		)	(80		)	(82		)
Total rent expense		$250			$202			$176

Stock-Based Compensation (Tables)

12 Months Ended

Feb. 03, 2018

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

Summary Of Stock-Based Compensation Expense

The following table summarizes our stock-based compensation expense:



Fiscal year	2017			2016			2015
Stock options		$18			$36			$33
Restricted stock units	51			34			18
Acquisition-related stock compensation	1			15			17
Performance share units	2			1			(3		)
Other	5			5			5
Total stock-based compensation expense, before income tax benefit	77			91			70
Income tax benefit	(20		)	(28		)	(21		)
Total stock-based compensation expense, net of income tax benefit		$57			$63			$49

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	2017		2016		2015
Cost of sales and related buying and occupancy costs		$25		$25		$20
Selling, general and administrative expenses	52		66		50
Total stock-based compensation expense, before income tax benefit		$77		$91		$70

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 (excluding options granted in connection with the Trunk Club acquisition):



Fiscal Year		2017			2016			2015
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.	1.0% – 2.5%			0.7% – 1.9%			0.2% – 2.1%
	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.	40.1		%	36.8		%	29.4		%
	Weighted-average expected dividend yield: Our forecasted dividend yield for the next 10 years.	2.4		%	2.2		%	1.8		%
	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.	7.1			6.9			6.7

Grant Date Information
	Date of grant	February 28, 2017			February 29, 2016			February 24, 2015
	Weighted-average fair value per option		$16			$16			$21
	Exercise price per option		$47			$51			$81

Summary Of Stock Option Activity

A summary of stock option activity for 2017, which includes awards issued as part of the Trunk Club acquisition in 2014, is presented below:



Fiscal year	2017
	Shares		Weighted- average exercise price		Weighted-average remaining contractual life (years)		Aggregate intrinsic value
Outstanding, beginning of year	13.5			$48
Granted	0.3		47
Exercised	(0.7	)	30
Forfeited or cancelled	(0.8	)	54
Outstanding, end of year	12.3			$49	5			$52
Exercisable, end of year	9.1			$47	4			$49
Vested or expected to vest, end of year	11.8			$49	5			$52

Fiscal year			2017		2016		2015
Aggregate intrinsic value of options exercised				$13		$30		$62
Fair value of stock options vested				$34		$40		$44

Summary Of Restricted Stock Unit Activity

A summary of restricted stock unit activity for 2017 is presented below:



Fiscal year	2017
	Shares		Weighted-average grant date fair value per unit
Outstanding, beginning of year	2.3			$49
Granted	1.9		42
Vested	(0.5	)	56
Forfeited or cancelled	(0.4	)	63
Outstanding, end of year	3.3			$45

Summary Of Performance Share Unit Activity

The following is a summary of performance share unit activity, which assumes performance share units vest at 100% of the number of units granted:



Fiscal year	2017
Outstanding units, beginning of year	0.2
Granted	0.1
Vested	—
Forfeited or cancelled	(0.1	)
Outstanding units, end of year	0.2

Income Taxes (Tables)

12 Months Ended

Feb. 03, 2018

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	2017			2016			2015
U.S.		$803			$687			$996
Foreign	(13		)	(3		)	(20		)
Earnings before income taxes		$790			$684			$976

Components Of Income Tax Expense

Income tax expense consists of the following:



Fiscal year	2017		2016			2015
Current income taxes:
Federal		$291		$290			$202
State and local	51		54			32
Foreign	—		1			—
Total current income tax expense	342		345			234
Deferred income taxes:
Federal	10		(17		)	123
State and local	1		(5		)	23
Foreign	—		7			(4		)
Total deferred income tax (benefit) expense	11		(15		)	142
Total income tax expense		$353		$330			$376

Reconciliation Of Statutory To Effective Tax Rate

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



Fiscal year	2017		2016		2015
Statutory rate¹	33.7	%	35.0	%	35.0	%
Tax Act impact	6.1	%	—		—
Goodwill impairment	—		10.1	%	—
State and local income taxes, net of federal income taxes	4.5	%	5.1	%	4.1	%
Non-deductible acquisition-related items	0.3	%	0.6	%	0.4	%
Federal credits	(0.7	%)	(0.6	%)	(0.6	%)
Other, net	0.8	%	(2.0	%)	(0.3	%)
Effective tax rate	44.7	%	48.2	%	38.6	%

Components Of Deferred Tax Assets And Liabilities

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



	February 3, 2018			January 28, 2017
Compensation and benefits accruals		$148			$209
Allowance for sales returns	50			76
Credit card receivable transaction	8			13
Accrued expenses	27			39
Merchandise inventories	12			43
Gift cards	27			33
Federal benefit of state taxes	16			18
Net operating losses	22			12
(Loss) Gain on sale of interest rate swap	(1		)	4
Other	3			18
Total deferred tax assets	312			465
Valuation allowance	(51		)	(37		)
Total net deferred tax assets	261			428
Land, property and equipment basis and depreciation differences	(109		)	(258		)
Debt exchange premium	(14		)	(23		)
Total deferred tax liabilities	(123		)	(281		)
Net deferred tax assets		$138			$147

Reconciliation Of Unrecognized Tax Benefits

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



Fiscal year	2017			2016			2015
Unrecognized tax benefit at beginning of year		$32			$19			$15
Gross increase to tax positions in prior periods	2			16			6
Gross decrease to tax positions in prior periods	(7		)	—			(2		)
Gross increase to tax positions in current period	5			2			2
Lapses in statute	(1		)	(5		)	(2		)
Unrecognized tax benefit at end of year		$31			$32			$19

Segment Reporting (Tables)

12 Months Ended

Feb. 03, 2018

Segment Reporting [Abstract]

Information By Reportable Segments

The following table sets forth information for our reportable segments:



	Retail		Corporate/Other			Retail Business			Credit			Total
Fiscal year 2017
Net sales		$15,408		($271	)		$15,137			$—			$15,137
Credit card revenues, net	—		—			—			341			341
Earnings (loss) before interest and income taxes	1,206		(454		)	752			174			926
Interest expense, net	—		(136		)	(136		)	—			(136		)
Earnings (loss) before income taxes	1,206		(590		)	616			174			790
Capital expenditures	516		214			730			1			731
Depreciation and amortization	445		213			658			8			666
Assets	5,237		2,638			7,875			240			8,115

Fiscal year 2016
Net sales		$14,768		($270	)		$14,498			$—			$14,498
Credit card revenues, net	—		—			—			259			259
Earnings (loss) before interest and income taxes	1,006		(298		)	708			97			805
Interest expense, net	—		(121		)	(121		)	—			(121		)
Earnings (loss) before income taxes	1,006		(419		)	587			97			684
Capital expenditures	593		249			842			4			846
Depreciation and amortization	456		182			638			7			645
Assets	5,291		2,088			7,379			479			7,858

Fiscal year 2015
Net sales		$14,376		($281	)		$14,095			$—			$14,095
Credit card revenues, net	—		—			—			342			342
Earnings (loss) before interest and income taxes	1,220		(302		)	918			183			1,101
Interest expense, net	—		(112		)	(112		)	(13		)	(125		)
Earnings (loss) before income taxes	1,220		(414		)	806			170			976
Capital expenditures	837		241			1,078			4			1,082
Depreciation and amortization	428		143			571			5			576
Assets	5,460		1,720			7,180			518			7,698

Schedule Of Net Sales By Channel

The following table summarizes net sales within our reportable segments:



Fiscal year	2017			2016			2015
Nordstrom full-line stores - U.S.¹		$6,951			$7,186			$7,633
Nordstrom.com	2,887			2,519			2,300
Full-price	9,838			9,705			9,933

Nordstrom Rack	4,059			3,809			3,533
Nordstromrack.com/HauteLook	897			700			532
Off-price	4,956			4,509			4,065

Other retail²	614			554			378
Retail segment	15,408			14,768			14,376
Corporate/Other	(271		)	(270		)	(281		)
Total net sales		$15,137			$14,498			$14,095

¹ Nordstrom full-line stores - U.S. includes Nordstrom Local.

²Other retail includes Nordstrom Canada full-line stores, Trunk Club and Jeffrey boutiques.

Percent Of Net Sales By Merchandise Category Summary

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



Fiscal year	2017		2016		2015
Women’s Apparel	32	%	32	%	31	%
Shoes	23	%	23	%	23	%
Men’s Apparel	16	%	17	%	17	%
Women’s Accessories	11	%	11	%	12	%
Beauty	11	%	11	%	11	%
Kids’ Apparel	4	%	3	%	3	%
Other	3	%	3	%	3	%
Total net sales	100	%	100	%	100	%

Selected Quarterly Data (Unaudited) (Tables)

12 Months Ended

Feb. 03, 2018

Quarterly Financial Information Disclosure [Abstract]

Schedule Of Quarterly Financial Information



	1st Quarter			2nd Quarter			3rd Quarter			4th Quarter			Total
Fiscal year 2017
Net sales		$3,279			$3,717			$3,541			$4,600			$15,137
Comparable sales (decrease) increase²	(0.8		%)	1.7		%	(0.9		%)	2.6		%	0.8		%
Credit card revenues, net	75			76			88			102			341
Gross profit	1,124			1,266			1,226			1,631			5,247
Selling, general and administrative expenses	(1,048		)	(1,125		)	(1,106		)	(1,383		)	(4,662		)
Earnings before interest and income taxes	151			217			208			350			926
Net earnings	63			110			114			151			437
Earnings per basic share		$0.38			$0.66			$0.68			$0.90			$2.62
Earnings per diluted share		$0.37			$0.65			$0.67			$0.89			$2.59

Fiscal year 2016
Net sales		$3,192			$3,592			$3,472			$4,243			$14,498
Comparable sales (decrease) increase³	(1.7		%)	(1.2		%)	2.4		%	(0.9		%)	(0.4		%)
Credit card revenues, net	57			59			70			73			259
Gross profit	1,092			1,233			1,211			1,523			5,058
Selling, general and administrative expenses	(1,043		)	(1,071		)	(1,029		)	(1,172		)	(4,315		)
Goodwill impairment	—			—			(197		)	—			(197		)
Earnings before interest and income taxes	106			221			55			424			805
Net earnings (loss)	46			117			(10		)	201			354
Earnings (Loss) per basic share⁴		$0.27			$0.67			($0.06	)		$1.17			$2.05
Earnings (Loss) per diluted share^4,5		$0.26			$0.67			($0.06	)		$1.15			$2.02

¹Quarterly totals may not foot across due to rounding.

⁴Loss per basic and diluted share included the impact of the Trunk Club goodwill impairment charge of $1.14 and $1.12 per share in the third quarter of 2016.

Nature Of Operations And Summary Of Significant Accounting Policies (Activity In The Allowance For Sales Returns, Net) (Details) - USD ($)
$ in Millions

12 Months Ended

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

Allowance at beginning of year

$ 187

$ 170

$ 160

Charged to costs and expenses

3,307

3,023

2,720

Deductions

^[1]

(3,310)

(3,006)

(2,710)

Allowance at end of year

$ 184

$ 187

$ 170

[1]	Deductions consist of actual returns, net of the value of the merchandise returned and any sales commission.

Nature Of Operations And Summary Of Significant Accounting Policies (Vendor Allowances) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Nature Of Retail Operations [Line Items]
Total vendor allowances	$ 457	$ 465	$ 455
Cosmetic expenses [Member]
Nature Of Retail Operations [Line Items]
Total vendor allowances	159	166	161
Purchase price adjustments [Member]
Nature Of Retail Operations [Line Items]
Total vendor allowances	184	179	178
Cooperative advertising [Member]
Nature Of Retail Operations [Line Items]
Total vendor allowances	107	114	109
Other [Member]
Nature Of Retail Operations [Line Items]
Total vendor allowances	$ 7	$ 6	$ 7

Nature Of Operations And Summary Of Significant Accounting Policies (Estimated Useful Life of Land, Property And Equipment By Asset Category) (Details)	12 Months Ended
	Feb. 03, 2018
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)	3 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 (Summary Of Goodwill Activity) (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Jan. 28, 2017

Oct. 29, 2016

Jul. 30, 2016

Apr. 30, 2016

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

Jan. 31, 2015

Goodwill

$ 238

$ 435

Additions

Impairment

$ (197)

$ 0

(197)

Trunk Club [Member]

261

(197)

121

Goodwill

^[1]

$ 53

Additions

^[1]

$ 0

Impairment

^[1]

$ 0

[1]	Other includes Nordstrom.com and Jeffrey goodwill.

Nature Of Operations And Summary Of Significant Accounting Policies (Narrative) (Details)
$ in Millions

1 Months Ended

2 Months Ended

3 Months Ended

11 Months Ended

12 Months Ended

Feb. 03, 2018

USD ($)

store

state

province

Mar. 19, 2018

USD ($)

Jan. 28, 2017

USD ($)

Oct. 29, 2016

USD ($)

Jul. 30, 2016

USD ($)

Apr. 30, 2016

USD ($)

Dec. 31, 2017

Feb. 03, 2018

USD ($)

store

state

province

Jan. 28, 2017

USD ($)

Jan. 30, 2016

USD ($)

Number of states in which company operates | state

Number of provinces in which the company operates | province

Other current liabilities

$ 1,246

$ 1,223

$ 1,246

$ 1,223

Nordstrom Rewards costs

175

162

$ 164

Development incentive deferred rent credit

485

507

485

507

Advertising expense, net of vendor allowances

261

241

227

Shipping and handling cost

$ 523

453

428

Period at which unused gift card balance redemptions are deemed remote, years

5 years

Gift card breakage income

$ 16

$ 11

Gift card breakage rate

2.00%

Outstanding gift card liability

$ 425

389

$ 425

$ 389

U.S. federal corporate income tax statutory rate

21.00%

35.00%

33.70%

^[1]

35.00%

^[1]

35.00%

^[1]

One-time, non-cash charge related to the revaluation of our net deferred tax assets for the change in statutory tax rate

$ 353

$ 330

$ 376

Checks not yet presented for payment drawn in excess of bank deposit balances

$ 101

156

101

156

Long-lived tangible asset impairment

$ (197)

$ 0

(197)

Amortizable intangible asset impairment

Amortization expense of intangible assets

Future amortization expense of intangible assets, 2018

Future amortization expense of intangible assets, 2019

Increase in net cash provided by operating activities related to tax withholding on share-based awards

121

Increase in net cash used in financing activities related to tax withholding on share-based awards

Accounting Standards Update 2016-09 [Member]

Increase in net cash provided by operating activities related to excess tax benefit from stock-based compensation

Increase in net cash used in financing activities related to excess tax benefit from stock-based compensation

Increase in net cash provided by operating activities related to tax withholding on share-based awards

Increase in net cash used in financing activities related to tax withholding on share-based awards

Tax Cuts and Jobs Act [Member]

Nordstrom Rewards [Member]

Other current liabilities

$ 69

$ 62

$ 69

Retail store [Member]

Asset impairment charges

Other [Member]

Retained Earnings [Member] | Subsequent Event [Member] | Accounting Standards Update 2014-09 [Member]

Asset impairment charges

$ 23

Net cumulative effect adjustment - decrease in beginning accumulated deficit

$ 55

Nordstrom - U.S. [Member]

Nordstrom Canada [Member]

117

Nordstrom Canada [Member] | Scenario, Plan [Member]

Nordstrom Rack [Member]

232

Trunk Club [Member]

$ (197)

Jeffrey [Member]

Last Chance [Member]

[1]	The statutory rate in 2017 is reduced due to tax reform.

Credit Card Receivable Transaction (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 03, 2018	Jan. 30, 2016	Nov. 01, 2017	Oct. 01, 2015
Credit Card Receivable Transaction [Line Items]
Cash acquired for credit transaction			$ 55	$ 2,200
Credit transaction and other, net (including transaction-related expenses from the third quarter)		$ 32
Beneficial interest asset, useful life (in years)	4 years
Deferred revenue, useful life (in years)	7 years
Investment in contract asset, useful life (in years)	7 years
Series 2011-1 Class A Notes, 2.28%, due October 2016 [Member]
Credit Card Receivable Transaction [Line Items]
Debt defeased as a condition of closing the credit card receivable transaction		$ 325

Land, Property And Equipment (Schedule Of Land, Property And Equipment) (Details) - USD ($) $ in Millions	Feb. 03, 2018	Jan. 28, 2017
Land, Property and Equipment [Line Items]
Land, property and equipment	$ 10,044	$ 9,493
Less: accumulated depreciation and amortization	(6,105)	(5,596)
Land, property and equipment, net	3,939	3,897
Land and land improvements [Member]
Land, Property and Equipment [Line Items]
Land, property and equipment	111	107
Buildings and building improvements [Member]
Land, Property and Equipment [Line Items]
Land, property and equipment	1,246	1,198
Leasehold improvements [Member]
Land, Property and Equipment [Line Items]
Land, property and equipment	3,099	2,938
Store fixtures and equipment [Member]
Land, Property and Equipment [Line Items]
Land, property and equipment	3,724	3,513
Capitalized software [Member]
Land, Property and Equipment [Line Items]
Land, property and equipment	1,280	1,183
Construction in progress [Member]
Land, Property and Equipment [Line Items]
Land, property and equipment	$ 584	$ 554

Land, Property And Equipment (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Land, Property and Equipment [Line Items]
Depreciation and amortization expense	$ 655	$ 631	$ 560
Property and equipment [Member]
Land, Property and Equipment [Line Items]
Capital lease obligations	26	26
Accumulated amortization on capital lease obligations	$ 25	$ 25

Self-Insurance (Summary Of Self-Insurance Reserves) (Details) - USD ($) $ in Millions	Feb. 03, 2018	Jan. 28, 2017
Self-insurance reserve [Line Items]
Total self-insurance reserve	$ 115	$ 114
Workers' compensation [Member]
Self-insurance reserve [Line Items]
Total self-insurance reserve	71	69
Employee health and welfare [Member]
Self-insurance reserve [Line Items]
Total self-insurance reserve	26	29
Other liability [Member]
Self-insurance reserve [Line Items]
Total self-insurance reserve	$ 18	$ 16

Self-Insurance (Narrative) (Details) $ in Millions	12 Months Ended
Self-Insurance (Narrative) (Details) $ in Millions	Feb. 03, 2018 USD ($)
Workers' compensation [Member]
Self-insurance reserve [Line Items]
Self-insurance policy retention per claim	$ 1
Workers' compensation policy limit	0
Employment practices liability [Member]
Self-insurance reserve [Line Items]
Self-insurance policy limit	$ 30
Commercial general liability [Member]
Self-insurance reserve [Line Items]
Self-insurance policy limit	151
Other liability [Member]
Self-insurance reserve [Line Items]
Self-insurance policy retention per claim	$ 3

401(k) Plan (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
401(k) Plan (Narrative) (Details) - USD ($) $ in Millions	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
401(K) Plan [Line Items]
Expense related to Company 401(k) plan contributions	$ 110	$ 92	$ 62
Matching Contributions [Member]
401(K) Plan [Line Items]
Expense related to Company 401(k) plan contributions	94
Profit-Sharing Contributions [Member]
401(K) Plan [Line Items]
Expense related to Company 401(k) plan contributions	$ 16

Postretirement Benefits (Benefit Obligations And Funded Status) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017
Postretirement Benefits Disclosure [Line Items]
Underfunded status at end of year	$ (200)	$ (188)
Change In Benefit Obligation [Member]
Postretirement Benefits Disclosure [Line Items]
Benefit obligation at beginning of year	188	181
Participant service cost	3	3
Interest cost	7	7
Benefits paid	(8)	(7)
Actuarial gain	10	4
Benefit obligation at end of year	200	188
Change In Plan Assets [Member]
Postretirement Benefits Disclosure [Line Items]
Fair value of plan assets at beginning of year	0	0
Employer contribution	8	7
Benefits paid	(8)	(7)
Fair value of plan assets at end of year	$ 0	$ 0

Postretirement Benefits (Amounts Recognized As Liabilities In The Consolidated Balance Sheets) (Details) - USD ($) $ in Millions	Feb. 03, 2018	Jan. 28, 2017
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Accrued salaries, wages and related benefits	$ 9	$ 8
Other liabilities (noncurrent)	191	180
Net amount recognized	$ 200	$ 188

Postretirement Benefits (Components Of SERP Expense Recognized In The Consolidated Statements Of Earnings) (Details) - Components of SERP expense [Member] - USD ($) $ in Millions	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Postretirement Benefits Disclosure [Line Items]
Participant service cost	$ 3	$ 3	$ 3
Interest cost	7	7	7
Amortization of net loss and other	3	3	11
Total SERP expense	$ 13	$ 13	$ 21

Postretirement Benefits (Amounts Not Yet Reflected In SERP Expense And Included In Accumulated Other Comprehensive Loss (Pre-tax)) (Details) - USD ($) $ in Millions	Feb. 03, 2018	Jan. 28, 2017
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Accumulated loss	$ (46)	$ (41)
Prior service credit	2	4
Total accumulated other comprehensive loss	$ (44)	$ (37)

Postretirement Benefits (Weighted-Average Assumptions Used To Determine Benefit Obligations And SERP Expense) (Details)	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Assumptions used to determine benefit obligation:
Discount rate	4.00%	4.00%	5.00%
Rate of compensation increase	3.00%	3.00%	3.00%
Assumptions used to determine SERP expense:
Discount rate	4.00%	5.00%	4.00%
Rate of compensation increase	3.00%	3.00%	3.00%

Postretirement Benefits (Expected Future Benefit Payments Including Benefits Attributable To Estimated Future Employee Service) (Details) $ in Millions	Feb. 03, 2018 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
2018	$ 9
2019	10
2020	11
2021	11
2022	11
2023 – 2027	$ 61

Postretirement Benefits (Narrative) (Details) $ in Millions	Feb. 03, 2018 USD ($) officer beneficiary participant retiree	Jan. 28, 2017 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of total participants in SERP benefits plan \| participant	57
Number of officers and select employees eligible for SERP benefits \| officer	16
Number of retirees eligible for SERP benefits \| retiree	40
Number of beneficiaries eligible for SERP benefits \| beneficiary	1
Accumulated benefit obligation	$ 197	$ 184
Scenario, Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Cost currently in accumulated other comprehensive loss expected to be recognized as components of SERP expense in the next year	$ 4

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

12 Months Ended

Feb. 03, 2018

Jan. 28, 2017

Total secured debt

$ 18

$ 27

Total due beyond one year

2,719

2,747

Total long-term debt

2,737

2,774

Less: current portion

(56)

(11)

2,681

2,763

Mortgage payable, 7.68%, due April 2020 [Member]

Total secured debt

$ 17

$ 24

7.68%

Other secured debt [Member]

April 2020

Senior notes, 6.25%, due January 2018, net of unamortized discount [Member]

Total secured debt

$ 1

$ 3

$ 0

$ 650

6.25%

Senior notes, 4.75%, due May 2020, net of unamortized discount [Member]

January 2018

$ 500

$ 499

4.75%

Senior notes, 4.00%, due October 2021, net of unamortized discount [Member]

May 2020

$ 500

4.00%

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

October 2021

$ 349

$ 0

4.00%

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

March 2027

$ 300

6.95%

Senior notes, 7.00%, due January 2038, net of unamortized discount [Member]

March 2028

$ 146

7.00%

Senior notes, 5.00%, due January 2044, net of unamortized discount [Member]

January 2038

$ 892

$ 602

5.00%

Other unsecured debt [Member]

January 2044

^[1]

$ 32

$ 50

[1]	Other unsecured debt includes our Puerto Rico unsecured borrowing facility partially offset by deferred bond issue costs.

Debt And Credit Facilities (Schedule Of Required Principal Payments On Long-Term Debt) (Details) $ in Millions	Feb. 03, 2018 USD ($)
Debt Disclosure [Abstract]
2018	$ 56
2019	8
2020	502
2021	500
2022	0
Thereafter	$ 1,764

Debt And Credit Facilities (Components Of Interest Expense, Net) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Debt Disclosure [Abstract]
Interest on long-term debt and short-term borrowings	$ 168	$ 147	$ 153
Less:
Interest income	(5)	(1)	0
Capitalized interest	(27)	(25)	(28)
Interest expense, net	$ 136	$ 121	$ 125

Debt And Credit Facilities (Narrative) (Details) $ in Millions	12 Months Ended
	Feb. 03, 2018 USD ($)	Jan. 28, 2017 USD ($)	Jan. 30, 2016 USD ($)
Debt Instrument [Line Items]
Book value of office building used to secure mortgage payable	$ 56
Proceeds from long-term borrowings, net of discounts	635	$ 0	$ 16
Total unsecured debt	661	10	8
Interest expense, net	136	121	125
Interest paid, net	$ 143	134	$ 136
Basis spread on variable rate	1.275%
Commercial Paper [Member]
Debt Instrument [Line Items]
Borrowing capacity of current facility	$ 800
Outstanding borrowings or issuances		$ 0
Senior notes, 4.00%, due March 2027 [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	4.00%	4.00%
Maturity date	March 2027	March 2027
Senior notes, 5.00%, due January 2044, net of unamortized discount [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	5.00%	5.00%
Maturity date	January 2044	January 2044
Senior notes, 6.25%, due January 2018, net of unamortized discount [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	6.25%	6.25%
Maturity date	January 2018	January 2018
Unsecured revolving credit facility [Member]
Debt Instrument [Line Items]
Maturity date	April 2020
Option to increase the maximum capacity of revolving credit facility	$ 200
Maximum borrowing capacity	$ 1,000
Debt covenant leverage ratio	4
Outstanding borrowings or issuances	$ 0	$ 0
Unsecured revolving credit facility [Member] \| Commercial Paper [Member]
Debt Instrument [Line Items]
Total short-term borrowing capacity	$ 800
Puerto Rico unsecured borrowing facility [Member]
Debt Instrument [Line Items]
Maturity date	Fall 2018
Maximum borrowing capacity	$ 52
Debt instrument interest rate	LIBOR plus 1.275%
Outstanding borrowings or issuances	$ 48	$ 50
2017 Refinancing [Member]
Debt Instrument [Line Items]
Interest expense, net	18
Interest paid, net	24
2017 Refinancing [Member] \| Senior notes, 4.00%, due March 2027 [Member]
Debt Instrument [Line Items]
Proceeds from long-term borrowings, net of discounts	350
2017 Refinancing [Member] \| Senior notes, 5.00%, due January 2044, net of unamortized discount [Member]
Debt Instrument [Line Items]
Proceeds from long-term borrowings, net of discounts	300
2017 Refinancing [Member] \| Senior notes, 6.25%, due January 2018, net of unamortized discount [Member]
Debt Instrument [Line Items]
Total unsecured debt	$ 650

Fair Value Measurements (Summary Of Carrying Value And Fair Value Estimate Of Long-Term Debt, Including Current Maturities) (Details) - USD ($) $ in Millions	Feb. 03, 2018	Jan. 28, 2017
Fair Value Measurements, Long-term Debt [Line Items]
Carrying value of long-term debt	$ 2,737	$ 2,774
Level 2 [Member]
Fair Value Measurements, Long-term Debt [Line Items]
Fair value of long-term debt	$ 2,827	$ 2,949

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended				12 Months Ended
	Jan. 28, 2017	Oct. 29, 2016	Jul. 30, 2016	Apr. 30, 2016	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016	Jan. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill impairment	$ 0	$ 197	$ 0	$ 0	$ 0	$ 197	$ 0
Goodwill, net	238				238	238	435	$ 435
Nonrecurring fair value measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset impairment charges							59
Trunk Club [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill impairment						197
Goodwill, net	$ 64				$ 64	$ 64
Goodwill, gross							$ 261	$ 261

Leases (Future Minimum Lease Payments) (Details) $ in Millions	Feb. 03, 2018 USD ($)
Operating leases
2018	$ 309
2019	312
2020	293
2021	269
2022	247
Thereafter	1,310
Total minimum lease payments	$ 2,740

Leases (Schedule Of Rent Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Operating Leased Assets [Line Items]
Percentage rent	$ 11	$ 12	$ 13
Property incentives	(79)	(80)	(82)
Total rent expense	250	202	176
Store locations [Member]
Operating Leased Assets [Line Items]
Minimum rent	274	230	204
Offices, warehouses and equipment [Member]
Operating Leased Assets [Line Items]
Minimum rent	$ 44	$ 40	$ 41

The increases or decreases in lease payments that result from changes occurring after the inception of the lease in the factors (other than the passage of time) on which lease payments are based, except that any escalation of minimum lease payments relating to increases in construction or acquisition cost of the leased property or for increases in some measure of cost or value during the construction or preconstruction period, are excluded from contingent rentals. Contingent rentals also may include amounts for which the triggering events have not yet occurred or the specified targets for which have not yet been achieved (such as sales based percentage rent), but which events are considered probable of occurring or which specified targets are considered probable of being achieved.

+ References + Details

Leases (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
Leases (Narrative) (Details) - USD ($) $ in Millions	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Leases [Line Items]
Charges not included in rent expense	$ 121	$ 112	$ 97
Nordstrom full-line stores [Member] \| Minimum [Member]
Leases [Line Items]
Non-cancelable lease terms (in years)	15 years
Nordstrom full-line stores [Member] \| Maximum [Member]
Leases [Line Items]
Non-cancelable lease terms (in years)	30 years
Nordstrom Rack [Member] \| Minimum [Member]
Leases [Line Items]
Non-cancelable lease terms (in years)	10 years
Nordstrom Rack [Member] \| Maximum [Member]
Leases [Line Items]
Non-cancelable lease terms (in years)	15 years

Commitments And Contingencies (Narrative) (Details) $ in Millions	Feb. 03, 2018 USD ($)
Long-term purchase commitment [Line Items]
Purchase obligations, capital expenditure contractual commitments and inventory purchase orders	$ 1,462
Manhattan full-line store [Member]
Long-term purchase commitment [Line Items]
Amount of property assets subject to lien	289
Outstanding trade letters of credit [Member]
Long-term purchase commitment [Line Items]
Outstanding trade letters of credit amount	$ 0

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Shareholders' Equity (Summary Of Share Repurchase Activity) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

12 Months Ended

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

Capacity beginning balance

$ 529

$ 811

$ 1,075

Shares repurchased (in shares)

4.6

5.9

19.1

Shares repurchased, average price per share (in dollars per share)

$ 45

$ 48

$ 63

Shares repurchased (amount)

$ (206)

$ (282)

$ (1,191)

Capacity ending balance

414

$ 529

811

2015 Program [Member]

Share repurchase authorization

1,000

Expiration of unused capacity

(409)

2013 Program [Member]

Expiration of unused capacity

^[1]

$ (73)

2017 Program [Member]

Share repurchase authorization

$ 500

[1]	Expiration relates to the February 2013 program.

Shareholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	2 Months Ended	12 Months Ended
	Mar. 19, 2018	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016	Jan. 31, 2015
Retained Earnings Adjustments [Line Items]
Remaining share repurchase program capacity		$ 414	$ 529	$ 811	$ 1,075
Dividends paid (in dollars per share)		$ 1.48	$ 1.48	$ 6.33
Dividends		$ 247
Special Dividend [Member]
Retained Earnings Adjustments [Line Items]
Dividends paid (in dollars per share)				$ 4.85
Dividends				$ 905
Recurring Dividend [Member]
Retained Earnings Adjustments [Line Items]
Dividends paid (in dollars per share)				$ 1.48
Dividends			$ 256	$ 280
Retained Earnings [Member]
Retained Earnings Adjustments [Line Items]
Dividends		247	$ 256
Retained Earnings [Member] \| Special Dividend [Member]
Retained Earnings Adjustments [Line Items]
Dividends				905
Retained Earnings [Member] \| Recurring Dividend [Member]
Retained Earnings Adjustments [Line Items]
Dividends				280
Subsequent Event [Member]
Retained Earnings Adjustments [Line Items]
Quarterly dividend per share declared and paid subsequent quarter	$ 0.37
2015 Program [Member]
Retained Earnings Adjustments [Line Items]
Expiration of unused capacity		409
Share repurchase authorization				$ 1,000
2017 Program [Member]
Retained Earnings Adjustments [Line Items]
Share repurchase authorization		$ 500

Stock-Based Compensation (Summary Of Stock-Based Compensation Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	$ 77	$ 91	$ 70
Income tax benefit	(20)	(28)	(21)
Total stock-based compensation expense, net of income tax benefit	57	63	49
Acquisition-related stock compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	1	15	17
Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	18	36	33
Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	51	34	18
Performance share units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	2	1	(3)
Other [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	$ 5	$ 5	$ 5

Stock-Based Compensation (Stock-Based Compensation Expense Before Income Tax Benefit) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	$ 77	$ 91	$ 70
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	25	25	20
Selling, general and administrative expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, before income tax benefit	$ 52	$ 66	$ 50

Stock-Based Compensation (Assumptions To Estimate The Fair Value For Stock Options At Grant Date) (Details) - $ / shares				12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 24, 2015	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Assumptions
Weighted-average volatility				40.10%	36.80%	29.40%
Weighted-average expected dividend yield				2.40%	2.20%	1.80%
Expected life in years				7 years 1 month	6 years 11 months	6 years 8 months
Minimum [Member]
Assumptions
Risk-free interest rate				1.00%	0.70%	0.20%
Maximum [Member]
Assumptions
Risk-free interest rate				2.50%	1.90%	2.10%
Stock options [Member]
Grant Date Information
Weighted-average fair value per option at grant date	$ 16	$ 16	$ 21
Exercise price per option	$ 47	$ 51	$ 81	$ 47

Stock-Based Compensation (Summary Of Stock Option Activity) (Details) - Stock options [Member] - USD ($) $ / shares in Units, shares in Millions, $ in Millions				12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 24, 2015	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, beginning of year (in shares)				13.5
Outstanding, beginning of year (in dollars per share)				$ 48
Granted (in shares)				0.3
Granted (in dollars per share)	$ 47	$ 51	$ 81	$ 47
Exercised (in shares)				(0.7)
Exercised (in dollars per share)				$ 30
Forfeited or cancelled (in shares)				(0.8)
Forfeited or cancelled (in dollars per share)				$ 54
Outstanding, end of year (in shares)				12.3	13.5
Outstanding, end of year (in dollars per share)				$ 49	$ 48
Outstanding, end of year, weighted-average remaining contractual life (years)				5 years
Outstanding, end of year, aggregate intrinsic value				$ 52
Exercisable, end of year (in shares)				9.1
Exercisable, end of year (in dollars per share)				$ 47
Exercisable, end of year, weighted-average remaining contractual life (years)				4 years
Exercisable, end of year, aggregate intrinsic value				$ 49
Vested or expected to vest, end of year (in shares)				11.8
Vested or expected to vest, end of year (in dollars per share)				$ 49
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				$ 52
Aggregate intrinsic value of options exercised				13	$ 30	$ 62
Fair value of stock options vested				$ 34	$ 40	$ 44

Stock-Based Compensation (Summary Of Restricted Stock Unit Activity) (Details) - Restricted stock units [Member] shares in Millions	12 Months Ended
	Feb. 03, 2018 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, beginning of year (in shares or units) \| shares	2.3
Outstanding, beginning of year (in dollars per share) \| $ / shares	$ 49
Granted (in shares or units) \| shares	1.9
Granted (in dollars per share) \| $ / shares	$ 42
Vested (in shares or units) \| shares	(0.5)
Vested (in dollars per share) \| $ / shares	$ 56
Forfeited or cancelled (in shares or units) \| shares	(0.4)
Forfeited or cancelled (in dollars per share) \| $ / shares	$ 63
Outstanding, end of year (in shares or units) \| shares	3.3
Outstanding, end of year (in dollars per share) \| $ / shares	$ 45

Stock-Based Compensation (Summary Of Performance Share Unit Activity) (Details) - Performance share units [Member] shares in Millions	12 Months Ended
	Feb. 03, 2018 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, beginning of year (in shares or units)	0.2
Granted (in shares or units)	0.1
Forfeited or cancelled (in shares or units)	(0.1)
Outstanding, end of year (in shares or units)	0.2

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions				12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 24, 2015	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of additional shares authorized to be issued under equity incentive plan				1,000.0	1,000.0
Common stock, shares outstanding				167.0	170.0
Other current liabilities				$ 1,246	$ 1,223
Dividends (in dollars per share)				$ 1.48	$ 1.48	$ 6.33
Employee stock purchase plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum percentage of employee payroll deductions under ESPP				10.00%
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				12.6
Shares available for issuance under Employee Stock Purchase Plan				2.2
Shares issued under Employee Stock Purchase Plan				0.4	0.4
Other current liabilities				$ 6	$ 6
Supplemental award stock option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average exercise price per stock option granted (in dollars per share)		$ 41
Weighted-average fair value per option at grant date		13
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				$ 22
Weighted-average exercise price per stock option granted (in dollars per share)	$ 47	51	$ 81	$ 47
Weighted-average fair value per option at grant date	$ 16	$ 16	$ 21
Weighted-average period that unrecognized stock-based compensation expense is expected to be recognized				21 months
Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares or units)				1.9
Total unrecognized stock-based compensation expense related to nonvested share-based awards				$ 83
Vesting period, in years				4 years
Weighted-average period that unrecognized stock-based compensation expense is expected to be recognized				28 months
Total fair value of units vested				$ 26	$ 17	$ 11
Outstanding (in shares or units)				3.3	2.3
Performance share units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares or units)				0.1
Total unrecognized stock-based compensation expense related to nonvested share-based awards				$ 4
Vesting period, in years				3 years
Outstanding (in shares or units)				0.2	0.2
Vesting rate of the number of units granted				100.00%
PSU's in other liabilities				$ 0
Minimum [Member] \| Performance share units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of units that are earned				0.00%
Maximum [Member] \| Performance share units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of units that are earned				175.00%
Trunk Club [Member] \| Value Creation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares or units authorized under equity incentive plan				1.0
Granted (in shares or units)				0.6
Total unrecognized stock-based compensation expense related to nonvested share-based awards				$ 0
Trunk Club [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Trunk Club Value Creation Plan payout				$ 0
Special Dividend [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividends (in dollars per share)						$ 4.85
2010 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of additional shares authorized to be issued under equity incentive plan				30.4
Shares or units authorized under equity incentive plan				77.5
Common stock, shares outstanding				52.8
Shares available for grant under equity incentive plan				8.7
2010 Equity Incentive Plan [Member] \| Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period, in years				4 years
Option expiration period				10 years
2010 Equity Incentive Plan [Member] \| 2017 Amendment [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of additional shares authorized to be issued under equity incentive plan				6.2
2002 Nonemployee Director Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized under nonemployee director stock incentive plan				0.9
Remaining shares available for issuance under nonemployee director stock incentive plan				0.4
Expense recognized on deferred shares awarded under the nonemployee director stock incentive plan (less than $1 as of February 3, 2018)				$ 1
PSU TSR 2014 Plan [Member] \| Performance share units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested, less than (in shares or units)				0.0
PSU TSR 2012 Plan [Member] \| Performance share units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate of the number of units granted						75.00%
Vested, less than (in shares or units)						(0.1)
PSU settlement paid in stock and cash					$ 3
PSU TSR 2013 Plan [Member] \| Performance share units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate of the number of units granted					75.00%
Vested, less than (in shares or units)					0.1
PSU settlement paid in stock and cash				$ 3

Income Taxes (U.S. And Foreign Components Of Earnings Before Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Income Tax Disclosure [Abstract]
U.S.	$ 803	$ 687	$ 996
Foreign	(13)	(3)	(20)
Earnings before income taxes	$ 790	$ 684	$ 976

Income Taxes (Components Of Income Tax Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Current income taxes:
Federal	$ 291	$ 290	$ 202
State and local	51	54	32
Foreign	0	1	0
Total current income tax expense	342	345	234
Deferred income taxes:
Federal	10	(17)	123
State and local	1	(5)	23
Foreign	0	7	(4)
Total deferred income tax (benefit) expense	11	(15)	142
Total income tax expense	$ 353	$ 330	$ 376

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

1 Months Ended

11 Months Ended

12 Months Ended

Feb. 03, 2018

Dec. 31, 2017

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

Income Tax Disclosure [Abstract]

Statutory rate

21.00%

35.00%

33.70%

^[1]

35.00%

^[1]

35.00%

^[1]

Tax Act impact

6.10%

0.00%

State and local income taxes, net of federal income taxes

0.00%

10.10%

0.00%

4.50%

5.10%

4.10%

Non-deductible acquisition-related items

0.30%

0.60%

0.40%

Federal credits

(0.70%)

(0.60%)

Other, net

0.80%

(2.00%)

(0.30%)

Effective tax rate

44.70%

48.20%

38.60%

[1]	The statutory rate in 2017 is reduced due to tax reform.

Income Taxes (Components Of Deferred Tax Assets And Liabilities) (Details) - USD ($) $ in Millions	Feb. 03, 2018	Jan. 28, 2017
Income Tax Disclosure [Abstract]
Compensation and benefits accruals	$ 148	$ 209
Allowance for sales returns	50	76
Credit card receivable transaction	8	13
Accrued expenses	27	39
Merchandise inventories	12	43
Gift cards	27	33
Federal benefit of state taxes	16	18
Net operating losses	22	12
(Loss) Gain on sale of interest rate swap	(1)	4
Other	3	18
Total deferred tax assets	312	465
Valuation allowance	(51)	(37)
Total net deferred tax assets	261	428
Land, property and equipment basis and depreciation differences	(109)	(258)
Debt exchange premium	(14)	(23)
Total deferred tax liabilities	(123)	(281)
Net deferred tax assets	$ 138	$ 147

Income Taxes (Reconciliation Of Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Income Tax Disclosure [Abstract]
Unrecognized tax benefit at beginning of year	$ 32	$ 19	$ 15
Gross increase to tax positions in prior periods	2	16	6
Gross decrease to tax positions in prior periods	(7)	0	(2)
Gross increase to tax positions in current period	5	2	2
Lapses in statute	(1)	(5)	(2)
Unrecognized tax benefit at end of year	$ 31	$ 32	$ 19

Income Taxes (Narrative) (Details) - USD ($)
$ in Millions

1 Months Ended

11 Months Ended

12 Months Ended

Feb. 03, 2018

Dec. 31, 2017

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

U.S. federal corporate income tax statutory rate

21.00%

35.00%

33.70%

^[1]

35.00%

^[1]

35.00%

^[1]

One-time, non-cash charge related to the revaluation of our net deferred tax assets for the change in statutory tax rate

$ 353

$ 330

$ 376

Valuation allowance

$ 51

Unrecognized tax benefits that would affect the effective tax rate

Increase in expense for tax-related interest and penalties

(1)

Liability for interest and penalties

Estimated unrecognized tax benefits, decrease in tax position

State [Member]

Operating loss carryforwards

Foreign [Member]

Operating loss carryforwards

$ 64

$ 37

Tax Cuts and Jobs Act [Member]

Dilutive effect of common stock equivalents (in shares)

$ 42

[1]	The statutory rate in 2017 is reduced due to tax reform.

Earnings Per Share (Computation Of Earnings Per Share) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

3 Months Ended

12 Months Ended

Feb. 03, 2018

^[1]

Oct. 28, 2017

^[1]

Jul. 29, 2017

^[1]

Apr. 29, 2017

^[1]

Jan. 28, 2017

^[1]

Oct. 29, 2016

^[1]

Jul. 30, 2016

^[1]

Apr. 30, 2016

^[1]

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

Earnings Per Share [Abstract]

Net earnings

$ 151

$ 114

$ 110

$ 63

$ 201

$ (10)

$ 117

$ 46

$ 437

$ 354

$ 600

Basic (in shares)

166.8

173.2

186.3

2.1

2.4

3.8

Diluted (in shares)

168.9

175.6

190.1

Earnings per basic share (in dollars per share)

$ 0.90

$ 0.68

$ 0.66

$ 0.38

$ 1.17

^[2]

$ (0.06)

^[2]

$ 0.67

^[2]

$ 0.27

^[2]

$ 2.62

$ 2.05

$ 3.22

Earnings per diluted share (in dollars per share)

$ 0.89

^[3]

$ 0.67

^[3]

$ 0.65

^[3]

$ 0.37

^[3]

$ 1.15

^[2],[4]

$ (0.06)

^[2],[4]

$ 0.67

^[2],[4]

$ 0.26

^[2],[4]

$ 2.59

$ 2.02

$ 3.15

Anti-dilutive stock options and other equity instruments

10.5

8.0

2.3

[1]	Quarterly totals may not foot across due to rounding.
[2]	Loss per basic and diluted share included the impact of the Trunk Club goodwill impairment charge of $1.14 and $1.12 per share in the third quarter of 2016.
[3]	One week of the Anniversary Sale, historically our largest event of the year, shifted into the third quarter. Combined second and third quarter comparable sales, which removes the impact of the event shift, increased 0.4% compared with the same period last year.
[4]	Due to the anti-dilutive effect resulting from the reported net loss in the third quarter of 2016, the impact of potentially dilutive securities on the weighted-average shares outstanding has been omitted from the quarterly calculation of loss per diluted share. The impact of these potentially dilutive securities has been included in the calculation of weighted-average shares for all other periods in 2016.

Earnings Per Share (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended				12 Months Ended
	Jan. 28, 2017	Oct. 29, 2016	Jul. 30, 2016	Apr. 30, 2016	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Goodwill impairment	$ 0	$ 197	$ 0	$ 0	$ 0	$ 197	$ 0
Basic EPS [Member]
Impact of Trunk Club impairment charge on earnings per share					$ 1.14
Diluted EPS [Member]
Impact of Trunk Club impairment charge on earnings per share					$ 1.12
Trunk Club [Member]
Goodwill impairment						$ 197

Segment Reporting (Information By Reportable Segments) (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Feb. 03, 2018

Oct. 28, 2017

^[1]

Jul. 29, 2017

^[1]

Apr. 29, 2017

^[1]

Jan. 28, 2017

Oct. 29, 2016

^[1]

Jul. 30, 2016

^[1]

Apr. 30, 2016

^[1]

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

$ 4,600

^[1]

$ 3,541

$ 3,717

$ 3,279

$ 4,243

^[1]

$ 3,472

$ 3,592

$ 3,192

$ 15,137

$ 14,498

$ 14,095

102

^[1]

341

259

342

350

^[1]

$ 208

$ 217

$ 151

424

^[1]

$ 55

$ 221

$ 106

926

805

1,101

(136)

(121)

(125)

790

684

976

731

846

1,082

666

645

576

8,115

7,858

8,115

7,858

7,698

Retail [Member]

15,408

14,768

14,376

1,206

1,006

1,220

1,206

1,006

1,220

516

593

837

445

456

428

5,237

5,291

5,237

5,291

5,460

Corporate/Other [Member]

(271)

(270)

(281)

(454)

(298)

(302)

(136)

(121)

(112)

(590)

(419)

(414)

214

249

241

213

182

143

Total Retail Business [Member]

2,638

2,088

2,638

2,088

1,720

15,137

14,498

14,095

752

708

918

(136)

(121)

(112)

616

587

806

730

842

1,078

658

638

571

7,875

7,379

7,875

7,379

7,180

Credit [Member]

341

259

342

174

183

(13)

174

170

$ 240

$ 479

$ 240

$ 479

$ 518

[1]	Quarterly totals may not foot across due to rounding.

Segment Reporting (Schedule Of Net Sales By Channel) (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Feb. 03, 2018

^[1]

Oct. 28, 2017

^[1]

Jul. 29, 2017

^[1]

Apr. 29, 2017

^[1]

Jan. 28, 2017

^[1]

Oct. 29, 2016

^[1]

Jul. 30, 2016

^[1]

Apr. 30, 2016

^[1]

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

Nordstrom full-line stores - U.S. [Member]

$ 4,600

$ 3,541

$ 3,717

$ 3,279

$ 4,243

$ 3,472

$ 3,592

$ 3,192

$ 15,137

$ 14,498

$ 14,095

^[2]

6,951

7,186

7,633

Nordstrom.com [Member]

2,887

2,519

2,300

Full-price [Member]

9,838

9,705

9,933

Nordstrom Rack [Member]

Nordstromrack.com/HauteLook [Member]

4,059

3,809

3,533

897

700

532

Off-price [Member]

4,956

4,509

4,065

Other retail [Member]

^[3]

614

554

378

Retail segment [Member]

15,408

14,768

14,376

Corporate/Other [Member]

$ (271)

$ (270)

$ (281)

[1]	Quarterly totals may not foot across due to rounding.
[2]	Nordstrom full-line stores - U.S. includes Nordstrom Local.
[3]	Other retail includes Nordstrom Canada full-line stores, Trunk Club and Jeffrey boutiques.

Segment Reporting (Percent Of Net Sales By Merchandise Category Summary) (Details)	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Segment Reporting Information [Line Items]
Percent of total net sales	100.00%	100.00%	100.00%
Women's Apparel [Member]
Segment Reporting Information [Line Items]
Percent of total net sales	32.00%	32.00%	31.00%
Shoes [Member]
Segment Reporting Information [Line Items]
Percent of total net sales	23.00%	23.00%	23.00%
Men's Apparel [Member]
Segment Reporting Information [Line Items]
Percent of total net sales	16.00%	17.00%	17.00%
Women's Accessories [Member]
Segment Reporting Information [Line Items]
Percent of total net sales	11.00%	11.00%	12.00%
Beauty [Member]
Segment Reporting Information [Line Items]
Percent of total net sales	11.00%	11.00%	11.00%
Kids' Apparel [Member]
Segment Reporting Information [Line Items]
Percent of total net sales	4.00%	3.00%	3.00%
Other [Member]
Segment Reporting Information [Line Items]
Percent of total net sales	3.00%	3.00%	3.00%

Selected Quarterly Data (Unaudited) (Schedule Of Quarterly Financial Information) (Details) - USD ($)
$ / shares in Units, $ in Millions

3 Months Ended

6 Months Ended

12 Months Ended

Feb. 03, 2018

^[1]

Oct. 28, 2017

^[1]

Jul. 29, 2017

^[1]

Apr. 29, 2017

^[1]

Jan. 28, 2017

Oct. 29, 2016

Jul. 30, 2016

Apr. 30, 2016

Oct. 29, 2016

^[1],[2]

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

Comparable sales (decrease) increase

$ 4,600

$ 3,541

$ 3,717

$ 3,279

$ 4,243

^[1]

$ 3,472

^[1]

$ 3,592

^[1]

$ 3,192

^[1]

$ 15,137

$ 14,498

$ 14,095

2.60%

^[2]

(0.90%)

^[2]

1.70%

^[2]

(0.80%)

^[2]

(0.90%)

^[1],[3]

2.40%

^[1],[3]

(1.20%)

^[1],[3]

(1.70%)

^[1],[3]

0.40%

0.80%

(0.40%)

Selling, general and administrative expenses

$ 102

$ 88

$ 76

$ 75

$ 73

^[1]

$ 70

^[1]

$ 59

^[1]

$ 57

^[1]

$ 341

$ 259

342

Gross profit

1,631

1,226

1,266

1,124

1,523

^[1]

1,211

^[1]

1,233

^[1]

1,092

^[1]

5,247

5,058

(1,383)

(1,106)

(1,125)

(1,048)

(1,172)

^[1]

(1,029)

^[1]

(1,071)

^[1]

(1,043)

^[1]

(4,662)

(4,315)

(4,168)