0000072333-23-000102 | 10-Q | XBRL Viewer

Earnings Per Share

3 Months Ended

Apr. 29, 2023

NOTE 8: EARNINGS PER SHARE

The computation of EPS is as follows:


	Quarter Ended
		April 29, 2023	April 30, 2022
Net (loss) earnings		($205)	$20

Basic weighted-average shares outstanding		160.8	160.1
Dilutive effect of common stock equivalents		—	2.8
Diluted weighted-average shares outstanding		160.8	162.9

Basic EPS		($1.27)	$0.13
Diluted EPS		($1.27)	$0.13

Anti-dilutive common stock equivalents		11.4	10.1

Canada Wind-Down

3 Months Ended

Apr. 29, 2023

Restructuring and Related Activities [Abstract]

Canada Wind-Down

NOTE 2: CANADA WIND-DOWN

Background

On March 2, 2023, as part of our initiatives to drive long-term profitable growth and enhance shareholder value, and after careful consideration of all reasonably available options, we announced the decision to discontinue support for Nordstrom Canada’s operations. Accordingly, Nordstrom Canada has commenced a wind-down of its business operations, obtaining an Initial Order from the Ontario Superior Court of Justice under the CCAA on March 2, 2023 to facilitate the wind-down in an orderly fashion. Nordstrom Canada’s ecommerce platform ceased operations on March 2, 2023 and we anticipate the wind-down of our six Nordstrom and seven Nordstrom Rack stores, with the help of a third-party liquidator, to be completed by late June 2023.

The Ontario Superior Court of Justice has appointed a monitor to oversee the wind-down process. Subsequent to the CCAA filing, Nordstrom has been providing limited support to Nordstrom Canada for the purpose of supporting an orderly wind-down, including providing shared services and temporary use of intellectual property.

Wind-down Costs and Deconsolidation of Nordstrom Canada

The following table provides detail of pre-tax charges associated with the wind-down of operations in Canada:


			Quarter Ended April 29, 2023
Loss on Canada write-off1			$187
Accumulated translation loss reclassified to earnings1			33
Contingent liabilities2			77
Other exit costs3			12
Total pre-tax costs			$309

1 Non-cash amounts are included in Canada wind-down costs on the Condensed Consolidated Statement of Cash Flows.

2 Amounts are included in other current liabilities on the Condensed Consolidated Balance Sheets.

3 Other exit costs include funding an employee trust and professional fees.

These charges are primarily included in corporate/other in Note 9: Segment Reporting. The decrease in cash due to the deconsolidation of Nordstrom Canada is included in investing activities on the Condensed Consolidated Statement of Cash Flows and all other impacts are included in operating cash flows.

Loss on Canada Write-off and Accumulated Translation Loss

While Nordstrom continues to own 100% of the shares of Nordstrom Canada, as of March 2, 2023, the date of the CCAA filing, we no longer have a controlling interest and have deconsolidated Nordstrom Canada. We hold a variable interest in the Nordstrom Canada entities, which are considered variable interest entities, but are not consolidated, as we are no longer the primary beneficiary.

The pre-tax loss on Canada write-off of $187 in the first quarter of 2023 included the derecognition of Nordstrom Canada’s assets and liabilities and the write-down of both our Nordstrom Canada investment and related-party receivables to estimated fair value. In addition, we recognized a charge of $33 related to the derecognition of the accumulated comprehensive loss on foreign currency translation.

To assess the estimated fair value of our Nordstrom Canada investment and our related-party receivables, we estimated the assets available for distribution in relation to expected claims at the time of filing. The estimated amount of Nordstrom Canada’s liabilities exceeded the estimated fair value of assets available for distribution to creditors, and in relation to the receivables, we may not recover any proceeds. As a result, our fair value is recorded as zero in our Condensed Consolidated Balance Sheets as of April 29, 2023.

Prior to deconsolidation, Nordstrom made loans to and incurred receivables from the Canadian subsidiaries. These loans were considered intercompany transactions and were eliminated in consolidation of Nordstrom. Subsequent to deconsolidation, these receivables were no longer eliminated through consolidation, are considered related-party transactions and are recorded in our Condensed Consolidated Balance Sheets at estimated fair value. Nordstrom has an outstanding liability to Nordstrom Canada of $62 related to certain intercompany charges incurred prior to deconsolidation, which will be addressed as part of the wind-down process.

Contingent Liabilities and Guarantees

In the first quarter of 2023, we recorded a contingent liability of $77 as our current best estimate of expected payments for claims that may be asserted against us, primarily consisting of lease guarantees. Nordstrom has guaranteed certain lease obligations of Nordstrom Canada, with payment required by Nordstrom, Inc. upon failure of Nordstrom Canada to fulfill its obligations under the leases. Our estimate is based on expectations that claims will be asserted against us and negotiated settlements will be reached, and not on any determination that it is probable that we would be found liable were these claims to be litigated and for how much. The maximum potential undiscounted future minimum lease and real estate tax payments under these guarantees were approximately $178 as of April 29, 2023.

Employee Trust

In connection with the filing, Nordstrom established an employee trust to fund termination and severance payments to employees of Nordstrom Canada. We provided an initial contribution of $10 based on our best estimate to fully fund the employee trust, and we have committed to provide up to an additional $8 depending on eligible employee claims. The cash balance of the employee trust is not recorded in Nordstrom, Inc.’s Condensed Consolidated Balance Sheets.

Debtor-in-Possession Financing

If needed, Nordstrom has agreed to provide Nordstrom Canada debtor-in-possession financing up to $11. However, we believe Nordstrom Canada has sufficient liquidity to sustain operations through the wind-down period. As of April 29, 2023, there were no outstanding borrowings.

Estimates

All our estimates are dependent on the outcome of the Nordstrom Canada wind-down process, including the amount of third-party and Nordstrom claims asserted and recognized in the claims process, the amount of assets available for distribution, the negotiation of a CCAA plan of arrangement approved by the creditors and the Ontario Superior Court of Justice and the outcome of negotiations regarding the leases. We are in the early stages of the wind-down process and our estimates of losses are based on currently available information and our assessment of the validity of certain expected claims. These estimates may change as new information becomes available and it is reasonably possible that they may materially change from the estimated amounts. Increases in estimated costs to settle claims and decreases in estimated assets available for distribution may result in additional material charges. At the same time, any future decreases in estimated costs to settle claims or increases in estimated assets available for distribution may result in a gain, which will reduce our estimated charges.

Amendment of Revolver Agreement

On March 1, 2023, we amended our Revolver originally dated May 6, 2022. Prior to this amendment, Nordstrom Canada Retail, Inc. was a loan party under the Revolver and the obligations under the Revolver were secured, in part, by the assets of this subsidiary. As a result of this amendment, Nordstrom Canada Retail, Inc. has been removed as a loan party and obligations under the Revolver will no longer be secured by these assets. In addition, this amendment excludes as subsidiaries or affiliates all Nordstrom Canada entities and carves out certain CCAA-related expenses and obligations from financial covenants under the Revolver.

Income Taxes

In the first quarter of 2023, we recognized net tax benefits of $93 primarily related to the write-off of excess tax basis in our investment in Canada, net of tax expense related to an increase in valuation allowance for Canada deferred tax assets.

Earnings Per Share (Tables)

3 Months Ended

Apr. 29, 2023

Earnings Per Share [Abstract]

Computation of Earnings Per Share

The computation of EPS is as follows:


	Quarter Ended
		April 29, 2023	April 30, 2022
Net (loss) earnings		($205)	$20

Basic weighted-average shares outstanding		160.8	160.1
Dilutive effect of common stock equivalents		—	2.8
Diluted weighted-average shares outstanding		160.8	162.9

Basic EPS		($1.27)	$0.13
Diluted EPS		($1.27)	$0.13

Anti-dilutive common stock equivalents		11.4	10.1

Basis of Presentation	3 Months Ended
Basis of Presentation	Apr. 29, 2023
Basis of Presentation [Abstract]
Basis Of Presentation	NOTE 1: BASIS OF PRESENTATION The interim Condensed Consolidated Financial Statements have been prepared on a basis consistent in all material respects with the accounting policies described and applied in our 2022 Annual Report and reflect all adjustments of a normal recurring nature that are, in management’s opinion, necessary for the fair presentation of the results of operations, financial position and cash flows for the periods presented. The Condensed Consolidated Financial Statements as of and for the periods ended April 29, 2023 and April 30, 2022 are unaudited. The Condensed Consolidated Balance Sheet as of January 28, 2023 has been derived from the audited Consolidated Financial Statements included in our 2022 Annual Report. The interim Condensed Consolidated Financial Statements should be read together with the Consolidated Financial Statements and related footnote disclosures contained in our 2022 Annual Report. Principles of Consolidation The Condensed Consolidated Financial Statements include the balances of Nordstrom, Inc. and its subsidiaries. All intercompany transactions and balances are eliminated in consolidation. On March 2, 2023, Nordstrom Canada commenced a wind-down of its business operations (see Note 2: Canada Wind-down) and as of this date, Nordstrom Canada was deconsolidated from Nordstrom, Inc.’s financial statements. Nordstrom Canada results prior to March 2, 2023 are included in the Company’s Condensed Consolidated Financial Statements. Fiscal Year We operate on a 52/53-week fiscal year ending on the Saturday closest to January 31st. References to 2023 relate to the 53-week fiscal year ending February 3, 2024. References to any other years included within this document are based on a 52-week fiscal year. Seasonality Our business, like that of other retailers, is subject to seasonal fluctuations and cyclical trends in consumer spending. Our sales are typically higher in our second quarter, which usually includes most of our Anniversary Sale, and in the fourth quarter due to the holidays. Approximately one week of our Anniversary Sale will shift from the second quarter to the third quarter in 2023. Results for any one quarter are not indicative of the results that may be achieved for a full fiscal year. We plan our merchandise purchases and receipts to coincide with expected sales trends. For instance, our merchandise purchases and receipts increase prior to the Anniversary Sale and in the fall as we prepare for the holiday shopping season (typically from November through December). Consistent with our seasonal fluctuations, our working capital requirements have historically increased during the months leading up to the Anniversary Sale and the holidays as we purchase inventory in anticipation of increased sales. Use of Estimates The preparation of financial statements in conformity with GAAP requires that we make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and disclosure of contingent assets and liabilities during the reporting period. Uncertainties regarding such estimates and assumptions are inherent in the preparation of financial statements and actual results may differ from these estimates and assumptions. Our most significant accounting judgments and estimates include revenue recognition, inventory valuation, long-lived asset recoverability, income taxes and contingent liabilities, including assumptions related to our Canada wind-down, all of which involve assumptions about future events. Leases We incurred operating lease liabilities arising from lease agreements of $72 for the quarter ended April 29, 2023 and $84 for the quarter ended April 30, 2022. Trunk Club Wind-down During the first quarter of 2022, in conjunction with the decision to sunset the Trunk Club brand, we incurred non-cash impairment charges of $10 related to a Trunk Club property to adjust the carrying value to the estimated fair value. These charges are included in our Retail segment SG&A expense on the Condensed Consolidated Statement of Earnings and other operating, net on the Condensed Consolidated Statement of Cash Flows. Investments From time to time, we invest in financial interests of private companies and venture capital funds that align with our business and omni-channel strategies, which are recorded in other assets in the Condensed Consolidated Balance Sheets and proceeds from the sale of assets and other, net on the Condensed Consolidated Statements of Cash Flows. During the first quarter of 2022, in connection with the sale of a limited partnership interest in a corporate office building, we recognized a gain of $51 in our Corporate/Other SG&A expense in the Condensed Consolidated Statement of Earnings and $73 in proceeds from the sale of assets and other, net on the Condensed Consolidated Statement of Cash Flows. Reclassification We reclassified amounts in our fiscal 2022 Condensed Consolidated Statement of Cash Flows to conform with current period presentation. As a result, we aggregated: •Accounts receivable, net with prepaid expenses and other assets into other current and noncurrent assets •Other current liabilities with other liabilities into other current and noncurrent liabilities •Tax withholding on share-based awards with other financing, net These reclassifications had no impact on cash flows from operations, cash flows from investing or cash flows from financing.

Fair Value Measurements

3 Months Ended

Apr. 29, 2023

Fair Value Disclosures [Abstract]

Fair Value Measurements

NOTE 5: FAIR VALUE MEASUREMENTS

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

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

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

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

Financial Instruments Measured at Carrying Value

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

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


	April 29, 2023	January 28, 2023	April 30, 2022
Carrying value of long-term debt	$2,857	$2,856	$2,854
Fair value of long-term debt	2,224	2,278	2,544

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

We measure certain non-financial assets at fair value on a nonrecurring basis, primarily goodwill, long-lived tangible and ROU assets, in connection with periodic evaluations for potential impairment. In the first quarter of 2023, we also measured our investment in Nordstrom Canada, our related-party receivables and related lease guarantees at fair value (see Note 2: Canada Wind-down for additional information). We estimate the fair value of these assets and liabilities using primarily unobservable inputs and, as such, these are considered Level 3 fair value measurements.

Investments Measured at NAV

We have certain investments that are measured at fair value using the NAV per share, or its equivalent, as a practical expedient. This class of investments consists of partnership interests that mainly invest in venture capital strategies with a focus on privately held consumer and technology companies. The NAV is based on the fair value of the underlying net assets owned by the fund and the relative interest of each participating investor in the fair value of the underlying assets. Our interest in these partnerships is generally not redeemable and is subject to significant restrictions regarding transfers. Distributions from each fund will be received as the underlying assets of the funds are liquidated. Liquidation is triggered by clauses within the partnership agreements or at the funds’ stated end date. The contractual terms of the partnership interests range from six to ten years.

- Definition

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

+ References + Details

Condensed Consolidated Statements Of Shareholders' Equity - USD ($)
$ in Millions

Total

Common Stock [Member]

Accumulated Deficit [Member]

Accumulated Other Comprehensive Loss [Member]

Total shareholders' equity at Jan. 29, 2022

$ 3,283

$ (2,652)

$ (50)

Common stock

Issuance of common stock under stock compensation plans

Stock-based compensation

Accumulated deficit

Net (loss) earnings

$ 20

Dividends

(30)

Repurchase of common stock

Accumulated other comprehensive gain (loss)

Accumulated translation loss reclassified to earnings

Other comprehensive loss

Total shareholders’ equity at Apr. 30, 2022

$ 589

3,301

(2,662)

(50)

Accumulated other comprehensive gain (loss)

Dividends per share

$ 0.19

Total shareholders' equity at Jan. 28, 2023

$ 739

3,353

(2,588)

(26)

Common stock

Issuance of common stock under stock compensation plans

Stock-based compensation

Accumulated deficit

Net (loss) earnings

(205)

Dividends

(30)

Repurchase of common stock

(1)

Accumulated other comprehensive gain (loss)

Accumulated translation loss reclassified to earnings

(33)

^[1]

Other comprehensive loss

(4)

Total shareholders’ equity at Apr. 29, 2023

$ 551

$ 3,372

$ (2,824)

$ 3

Accumulated other comprehensive gain (loss)

Dividends per share

$ 0.19

[1]	Non-cash amounts are included in Canada wind-down costs on the Condensed Consolidated Statement of Cash Flows.

Earnings Per Share (Computation Of Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Earnings Per Share [Abstract]
Net (loss) earnings	$ (205)	$ 20
Basic weighted average shares outstanding (in shares)	160.8	160.1
Dilutive effect of common stock equivalents (in shares)	0.0	2.8
Diluted weighted average shares outstanding (in shares)	160.8	162.9
Basic EPS (in dollars per share)	$ (1.27)	$ 0.13
Diluted EPS (in dollars per share)	$ (1.27)	$ 0.13
Anti-dilutive common stock equivalents (in shares)	11.4	10.1

- Definition

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

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- Definition

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

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+ Details

- Definition

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

+ References

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+ Details

Revenue (Summary Of Contract Liabilities) (Details) - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022	Jan. 29, 2022
Revenue from Contract with Customer [Abstract]
Contract liabilities in other current liabilities	$ 489	$ 536	$ 442	$ 478
Contract liabilities in other liabilities	$ 123	$ 136	$ 0	$ 0

Canada Wind-Down (Detail Of Pre-Tax Charges Associated With Canada Wind-down) (Details)
$ in Millions

3 Months Ended

Apr. 29, 2023

USD ($)

Restructuring and Related Activities [Abstract]

Loss on Canada write-off

$ 187

^[1]

Accumulated translation loss reclassified to earnings

^[1]

Contingent liabilities

^[2]

Other exit costs

^[3]

Total pre-tax costs

$ 309

[1]	Non-cash amounts are included in Canada wind-down costs on the Condensed Consolidated Statement of Cash Flows.
[2]	Amounts are included in other current liabilities on the Condensed Consolidated Balance Sheets.
[3]	Other exit costs include funding an employee trust and professional fees.

Stock-Based Compensation (Summary Of Grants) (Details) - $ / shares shares in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	2.1	1.4
Weighted-average grant-date fair value per unit (in dollars per share)	$ 17	$ 23
Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares)	1.2	1.1
Weighted-average grant-date fair value per stock option (in dollars per share)	$ 8	$ 10
PSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)	0.4	0.5
Weighted-average grant-date fair value per unit (in dollars per share)	$ 16	$ 23

Canada Wind-Down (Tables)

3 Months Ended

Apr. 29, 2023

Restructuring and Related Activities [Abstract]

Detail Of Pre-Tax Charges Associated With Canada Wind-down

The following table provides detail of pre-tax charges associated with the wind-down of operations in Canada:


			Quarter Ended April 29, 2023
Loss on Canada write-off1			$187
Accumulated translation loss reclassified to earnings1			33
Contingent liabilities2			77
Other exit costs3			12
Total pre-tax costs			$309

1 Non-cash amounts are included in Canada wind-down costs on the Condensed Consolidated Statement of Cash Flows.

2 Amounts are included in other current liabilities on the Condensed Consolidated Balance Sheets.

3 Other exit costs include funding an employee trust and professional fees.

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Apr. 29, 2023	May 31, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 29, 2023
Document Transition Report	false
Entity File Number	001-15059
Entity Registrant Name	Nordstrom, Inc.
Entity Incorporation, State or Country Code	WA
Entity Tax Identification Number	91-0515058
Entity Address, Address Line One	1617 Sixth Avenue
Entity Address, City or Town	Seattle
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98101
City Area Code	206
Local Phone Number	628-2111
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		161,493,792
Entity Central Index Key	0000072333
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--02-03
Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Common stock, without par value
Trading Symbol	JWN
Security Exchange Name	NYSE
Rights [Member]
Document Information [Line Items]
Title of 12(b) Security	Common stock purchase rights
No Trading Symbol Flag	true
Security Exchange Name	NYSE

Condensed Consolidated Statements Of Earnings - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Income Statement [Abstract]
Net sales	$ 3,064	$ 3,467
Credit card revenues, net	117	102
Total revenues	3,181	3,569
Cost of sales and related buying and occupancy costs	(2,028)	(2,331)
Selling, general and administrative expenses	(1,103)	(1,165)
Canada wind-down costs	(309)	0
(Loss) earnings before interest and income taxes	(259)	73
Interest expense, net	(28)	(35)
(Loss) earnings before income taxes	(287)	38
Income tax benefit (expense)	82	(18)
Net (loss) earnings	$ (205)	$ 20
(Loss) earnings per share:
Basic (in dollars per share)	$ (1.27)	$ 0.13
Diluted (in dollars per share)	$ (1.27)	$ 0.13
Weighted-average shares outstanding:
Basic (in shares)	160.8	160.1
Diluted (in shares)	160.8	162.9

Shareholders' Equity	3 Months Ended
Shareholders' Equity	Apr. 29, 2023
Stockholders' Equity Note [Abstract]
Shareholders' Equity	NOTE 7: SHAREHOLDERS’ EQUITY Share Repurchases In May 2022, our Board of Directors authorized a new program to repurchase up to $500 of our outstanding common stock, with no expiration date. We repurchased 0.03 shares of common stock for $1 at an average purchase price per share of $19.41 during the first quarter of 2023, compared with no shares repurchased in the first quarter of 2022, and had $438 remaining in share repurchase capacity as of April 29, 2023. Dividends In May 2023, subsequent to quarter end, we declared a quarterly dividend of $0.19 per share, which will be paid on June 14, 2023 to shareholders of record at the close of business on May 30, 2023. We have certain limitations with respect to the payment of dividends and share repurchases under our Revolver agreement (see Note 4: Debt and Credit Facilities). Rights Plan In September 2022, our Board of Directors approved a shareholder rights agreement and declared a dividend of one right for each outstanding share of Nordstrom common stock to shareholders of record on September 30, 2022. The Rights Plan expires September 19, 2023, unless redeemed, exchanged or terminated earlier by our Board of Directors. Each right entitles holders to purchase one newly issued share of Nordstrom common stock at an exercise price of $94 per right, subject to adjustment. Initially, the rights are not exercisable and trade with our shares of common stock. In general, the rights become exercisable following a public announcement that a person acquires 10% or more of the outstanding shares of Nordstrom common stock. If the rights are exercised, each holder (except the acquiring person) will have the right to receive common stock equal to two times the exercise price of the right. The Company may redeem the rights for $0.001 per right anytime prior to the rights becoming exercisable. The agreement also provides for exceptions and additional terms for other certain situations and circumstances. There is currently no impact to our Condensed Consolidated Financial Statements. In June 2023, subsequent to quarter end, shareholders voted at our Annual Meeting to approve the advisory vote on the extension of our Rights Plan until September 19, 2025.

- Definition

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

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+ Details

Fair Value Measurements (Tables)

3 Months Ended

Apr. 29, 2023

Fair Value Disclosures [Abstract]

Summary Of Carrying Value And Fair Value Estimate Of Long-Term Debt

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


	April 29, 2023	January 28, 2023	April 30, 2022
Carrying value of long-term debt	$2,857	$2,856	$2,854
Fair value of long-term debt	2,224	2,278	2,544

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

3 Months Ended

Apr. 29, 2023

Apr. 30, 2022

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

Total stock-based compensation expense, before income tax benefit

$ 14

$ 19

Income tax benefit

(4)

(5)

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

RSUs [Member]

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

Total stock-based compensation expense, before income tax benefit

Stock options [Member]

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

Total stock-based compensation expense, before income tax benefit

Other [Member]

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

Total stock-based compensation expense, before income tax benefit

^[1]

$ 2

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

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Operating Activities
Net (loss) earnings	$ (205)	$ 20
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:
Depreciation and amortization expenses	144	152
Canada wind-down costs	220	0
Right-of-use asset amortization	43	47
Deferred income taxes, net	(16)	(13)
Stock-based compensation expense	14	19
Other, net	(25)	(45)
Change in operating assets and liabilities:
Merchandise inventories	(296)	(19)
Other current and noncurrent assets	(112)	(42)
Accounts payable	301	233
Accrued salaries, wages and related benefits	(39)	(143)
Lease liabilities	(67)	(65)
Other current and noncurrent liabilities	54	43
Net cash provided by operating activities	16	187
Investing Activities
Capital expenditures	(106)	(96)
Decrease in cash and cash equivalents resulting from Canada deconsolidation	(33)	0
Proceeds from the sale of assets and other, net	16	85
Net cash used in investing activities	(123)	(11)
Financing Activities
Change in cash book overdrafts	29	16
Cash dividends paid	(30)	(30)
Proceeds from issuances under stock compensation plans	11	8
Other, net	(9)	(8)
Net cash provided by (used in) financing activities	1	(14)
Net (decrease) increase in cash and cash equivalents	(106)	162
Cash and cash equivalents at beginning of period	687	322
Cash and cash equivalents at end of period	581	484
Supplemental Cash Flow Information
Income taxes, net of refunds	2	(22)
Interest, net of capitalized interest	$ 40	$ 40

Fair Value Measurements (Narrative) (Details)	3 Months Ended
Fair Value Measurements (Narrative) (Details)	Apr. 29, 2023
Minimum [Member]
Fair Value Measurements, Long-term Debt [Line Items]
Contractual terms of partnership interest range	6 years
Maximum [Member]
Fair Value Measurements, Long-term Debt [Line Items]
Contractual terms of partnership interest range	10 years

Debt And Credit Facilities	3 Months Ended
Debt And Credit Facilities	Apr. 29, 2023
Debt Disclosure [Abstract]
Debt And Credit Facilities	NOTE 4: DEBT AND CREDIT FACILITIES Credit Facilities As of April 29, 2023, we had total short-term borrowing capacity of $800 and no outstanding borrowings under the Revolver that expires in May 2027. Provided that we obtain written consent from the lenders, we have the option to increase the Revolver by up to $200, to a total of $1,000, and two options to extend the Revolver for additional one-year terms. Any outstanding borrowings under the Revolver are secured by substantially all our personal and intellectual property assets and are guaranteed by certain of our subsidiaries. Under the Revolver, our obligation to secure any outstanding borrowings will be eliminated if no default exists and we either have an unsecured investment-grade debt rating from two of three specified ratings agencies, or we have one investment-grade rating and achieve two consecutive fiscal quarters with a Leverage Ratio of less than 2.5 times. On March 1, 2023, we amended our Revolver agreement (see Note 2: Canada Wind-down). Under the Revolver, we have two financial covenant tests that need to be met on a quarterly basis: a Leverage Ratio that is less than or equal to 4 times and a fixed charge coverage ratio that is greater than or equal to 1.25 times. As of April 29, 2023, we were in compliance with all covenants. The Revolver contains customary representations, warranties, covenants and terms, including paying a variable rate of interest and a facility fee based on our debt rating, and is available for working capital, capital expenditures and general corporate purposes. The Revolver allows us to issue dividends and repurchase shares provided we are not in default and no default would arise as a result of such payments. If the pro-forma Leverage Ratio after such payments is less than 3 times, then such payments are unlimited. If the pro-forma Leverage Ratio is greater than or equal to 3 times but less than 3.5 times, then we are limited to $100 per fiscal quarter and if the pro-forma Leverage Ratio is greater than or equal to 3.5 times then the limit is $60 per fiscal quarter. Our $800 commercial paper program allows us to use the proceeds to fund operating cash requirements. Under the terms of the commercial paper agreement, we pay a rate of interest based on, among other factors, the maturity of the issuance and market conditions. The issuance of commercial paper has the effect of reducing available liquidity under the Revolver by an amount equal to the principal amount of commercial paper outstanding. Conversely, borrowings under our Revolver have the effect of reducing the available capacity of our commercial paper program by an amount equal to the amount outstanding. As of April 29, 2023, we had no issuances outstanding under our commercial paper program.

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI https://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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-Paragraph 1B
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Topic 235
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
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-Name Accounting Standards Codification
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+ Details

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Assets
Cash and cash equivalents	$ 581	$ 687	$ 484
Accounts receivable, net	279	265	297
Merchandise inventories	2,237	1,941	2,426
Prepaid expenses and other current assets	414	316	332
Total current assets	3,511	3,209	3,539
Land, property and equipment (net of accumulated depreciation of $8,133, $8,289 and $7,834)	3,197	3,351	3,505
Operating lease right-of-use assets	1,393	1,470	1,497
Goodwill	249	249	249
Other assets	478	466	384
Total assets	8,828	8,745	9,174
Liabilities and Shareholders’ Equity
Accounts payable	1,674	1,238	1,898
Accrued salaries, wages and related benefits	246	291	241
Current portion of operating lease liabilities	249	258	250
Other current liabilities	1,236	1,203	1,198
Current portion of long-term debt	249	0	0
Total current liabilities	3,654	2,990	3,587
Long-term debt, net	2,608	2,856	2,854
Non-current operating lease liabilities	1,406	1,526	1,566
Other liabilities	609	634	578
Commitments and contingencies (Note 2)
Shareholders’ equity:
Common stock, no par value: 1,000 shares authorized; 161.4, 160.1 and 160.5 shares issued and outstanding	3,372	3,353	3,301
Accumulated deficit	(2,824)	(2,588)	(2,662)
Accumulated other comprehensive gain (loss)	3	(26)	(50)
Total shareholders’ equity	551	739	589
Total liabilities and shareholders’ equity	$ 8,828	$ 8,745	$ 9,174

Shareholders' Equity (Narrative) (Details) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended
	Jun. 07, 2023 $ / shares	Apr. 29, 2023 USD ($) $ / shares shares	Apr. 30, 2022 USD ($) $ / shares shares
Shareholders' Equity [Line Items]
Shares of common stock repurchased \| shares		30,000.00	0
Aggregate amount of common stock repurchased \| $		$ 1	$ 0
Average price paid per share \| $ / shares		$ 19.41	$ 0
Number of rights declared for each outstanding share of common stock		1
Number of shares each right holders is entitled to purchase per right \| shares		1
Exercise price per right \| $ / shares		$ 94
Ownership percentage required that triggers exercisability for right holders		10.00%
Multiple of exercise price of right, value of common stock received		2
Redemption price per right \| $ / shares		$ 0.001
Subsequent Event [Member]
Shareholders' Equity [Line Items]
Quarterly dividend declared and paid in subsequent quarter \| $ / shares	$ 0.19
Accumulated Deficit [Member]
Shareholders' Equity [Line Items]
Aggregate amount of common stock repurchased \| $		$ 1	$ 0
2022 Program [Member]
Shareholders' Equity [Line Items]
Share repurchase authorization \| $		500
Remaining share repurchase capacity \| $		$ 438

Canada Wind-Down (Narrative) (Details)
$ in Millions

3 Months Ended

Apr. 29, 2023

USD ($)

Mar. 02, 2023

store

Restructuring Cost and Reserve [Line Items]

Pre-tax loss on Canada write-off

^[1]

$ 187

Derecognition of the accumulated comprehensive loss on foreign currency translation

^[1]

Fair value of Nordstrom Canada investment

Outstanding intercompany liability to Nordstrom Canada

Contingent liabilities

^[2]

Maximum potential undiscounted future minimum lease and real estate tax payments under guarantees

178

Other exit costs

^[3]

Debtor-in-possession financing

Debtor-in-possession financing, borrowings outstanding

Net tax benefit

Termination and severance payments

Restructuring Cost and Reserve [Line Items]

Other exit costs

Incremental employee trust commitment based on eligible employee claims

$ 8

Nordstrom, Inc

Restructuring Cost and Reserve [Line Items]

Nordstrom, Inc. ownership of Nordstrom Canada

100.00%

Nordstrom Canada

Restructuring Cost and Reserve [Line Items]

Number of stores | store

Canada Nordstrom Rack

Restructuring Cost and Reserve [Line Items]

Number of stores | store

[1]	Non-cash amounts are included in Canada wind-down costs on the Condensed Consolidated Statement of Cash Flows.
[2]	Amounts are included in other current liabilities on the Condensed Consolidated Balance Sheets.
[3]	Other exit costs include funding an employee trust and professional fees.

Fair Value Measurements (Summary Of Carrying Value And Fair Value Estimate Of Long-Term Debt) (Details) - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Fair Value Measurements, Long-term Debt [Line Items]
Carrying value of long-term debt	$ 2,857	$ 2,856	$ 2,854
Level 2 [Member]
Fair Value Measurements, Long-term Debt [Line Items]
Fair value of long-term debt	$ 2,224	$ 2,278	$ 2,544

- Definition

Amount, excluding unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

Stock-Based Compensation (Tables)

3 Months Ended

Apr. 29, 2023

Share-Based Payment Arrangement [Abstract]

Summary Of Stock-Based Compensation Expense

The following table summarizes our stock-based compensation expense:


	Quarter Ended
		April 29, 2023	April 30, 2022
RSUs		$10	$12
Stock options		2	5
Other1		2	2
Total stock-based compensation expense, before income tax benefit		14	19
Income tax benefit		(4)	(5)
Total stock-based compensation expense, net of income tax benefit		$10	$14

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

Summary Of Grants

The following table summarizes our grant allocations:


	Quarter Ended
	April 29, 2023		April 30, 2022
	Granted	Weighted-average grant-date fair value per unit	Granted	Weighted-average grant-date fair value per unit
RSUs	2.1	$17	1.4	$23
Stock options	1.2	$8	1.1	$10
PSUs	0.4	$16	0.5	$23

Condensed Consolidated Statements of Comprehensive Earnings - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net (loss) earnings	$ (205)	$ 20
Foreign currency translation adjustment	(4)	(1)
Post retirement plan adjustments, net of tax	0	1
Comprehensive net (loss) earnings	$ (209)	$ 20

- Definition

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

+ References

+ Details

Revenue

3 Months Ended

Apr. 29, 2023

Revenue from Contract with Customer [Abstract]

Revenue

NOTE 3: REVENUE

Contract Liabilities

Contract liabilities represent our obligation to transfer goods or services to customers and include deferred revenue for The Nordy Club (including points and Nordstrom Notes), gift cards and our amended 2022 TD program agreement. Our contract liabilities are classified on the Condensed Consolidated Balance Sheets as follows:


	Other current liabilities	Other liabilities
Balance as of January 29, 2022	$478	$—
Balance as of April 30, 2022	442	—



Balance as of January 28, 2023	536	136
Balance as of April 29, 2023	489	123

Revenues recognized from our beginning contract liability balance were $137 for the quarter ended April 29, 2023 and $128 for the quarter ended April 30, 2022.

Disaggregation of Revenue

The following table summarizes our disaggregated net sales:


	Quarter Ended
		April 29, 2023		April 30, 2022
Nordstrom		$2,027		$2,289
Nordstrom Rack		1,037		1,178

Total net sales		$3,064		$3,467

Digital sales as a % of total net sales		36	%	39	%

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


	Quarter Ended
		April 29, 2023		April 30, 2022
Women’s Apparel		29	%	30	%
Shoes		26	%	26	%
Men’s Apparel		15	%	14	%
Accessories		12	%	13	%
Beauty		12	%	11	%
Kids’ Apparel		3	%	3	%
Other		3	%	3	%
Total net sales		100	%	100	%

- Definition

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

+ References

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

Segment Reporting

3 Months Ended

Apr. 29, 2023

Segment Reporting [Abstract]

Segment Reporting

NOTE 9: SEGMENT REPORTING

The following table sets forth information for our reportable segment:


	Quarter Ended
		April 29, 2023	April 30, 2022
Retail segment EBIT		$140	$87
Corporate/Other EBIT		(399)	(14)
Interest expense, net		(28)	(35)
(Loss) earnings before income taxes		($287)	$38

For information about disaggregated revenues, see Note 3: Revenue.

- Definition

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

+ References

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

Stock-Based Compensation

3 Months Ended

Apr. 29, 2023

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

NOTE 6: STOCK-BASED COMPENSATION

The following table summarizes our stock-based compensation expense:


	Quarter Ended
		April 29, 2023	April 30, 2022
RSUs		$10	$12
Stock options		2	5
Other1		2	2
Total stock-based compensation expense, before income tax benefit		14	19
Income tax benefit		(4)	(5)
Total stock-based compensation expense, net of income tax benefit		$10	$14

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

The following table summarizes our grant allocations:


	Quarter Ended
	April 29, 2023		April 30, 2022
	Granted	Weighted-average grant-date fair value per unit	Granted	Weighted-average grant-date fair value per unit
RSUs	2.1	$17	1.4	$23
Stock options	1.2	$8	1.1	$10
PSUs	0.4	$16	0.5	$23

Under our deferred and stock-based compensation plan arrangements, we issued 1.4 shares of common stock during the first quarter of 2023 and 1.2 shares during the first quarter of 2022.

Revenue (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
Revenue (Narrative) (Details) - USD ($) $ in Millions	Apr. 29, 2023	Apr. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue recognized from beginning contract liability balance	$ 137	$ 128

Segment Reporting (Tables)

3 Months Ended

Apr. 29, 2023

Segment Reporting [Abstract]

Information By Reportable Segment

The following table sets forth information for our reportable segment:


	Quarter Ended
		April 29, 2023	April 30, 2022
Retail segment EBIT		$140	$87
Corporate/Other EBIT		(399)	(14)
Interest expense, net		(28)	(35)
(Loss) earnings before income taxes		($287)	$38

Basis of Presentation (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Basis of Presentation [Line Items]
Operating lease liabilities arising from lease agreements	$ 72	$ 84
Gain on sale of a limited partnership interest		51
Proceeds from sale of a limited partnership interest		73
Trunk Club property [Member]
Basis of Presentation [Line Items]
Asset impairment		$ 10

Revenue (Tables)

3 Months Ended

Apr. 29, 2023

Revenue from Contract with Customer [Abstract]

Summary Of Contract Liabilities

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


	Other current liabilities	Other liabilities
Balance as of January 29, 2022	$478	$—
Balance as of April 30, 2022	442	—



Balance as of January 28, 2023	536	136
Balance as of April 29, 2023	489	123

Disaggregated Net Sales

The following table summarizes our disaggregated net sales:


	Quarter Ended
		April 29, 2023		April 30, 2022
Nordstrom		$2,027		$2,289
Nordstrom Rack		1,037		1,178

Total net sales		$3,064		$3,467

Digital sales as a % of total net sales		36	%	39	%

Percent Of Net Sales By Merchandise Category Summary

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


	Quarter Ended
		April 29, 2023		April 30, 2022
Women’s Apparel		29	%	30	%
Shoes		26	%	26	%
Men’s Apparel		15	%	14	%
Accessories		12	%	13	%
Beauty		12	%	11	%
Kids’ Apparel		3	%	3	%
Other		3	%	3	%
Total net sales		100	%	100	%

Debt And Credit Facilities (Narrative) (Details) $ in Millions	3 Months Ended
	Apr. 29, 2023 USD ($) numberOfRatingsAgencies numberOfPeriods covenant
Debt Instrument [Line Items]
Number of options to extend revolver	2
Number of specified ratings agencies \| numberOfRatingsAgencies	3
Number of financial covenant tests \| covenant	2
Commercial paper [Member]
Debt Instrument [Line Items]
Outstanding borrowings	$ 0
Maximum borrowing capacity	800
Middle range of Leverage Ratio limits on dividends and share repurchases [Member]
Debt Instrument [Line Items]
Limit on dividends and share repurchases	100
Lower limit on dividends and share repurchases [Member]
Debt Instrument [Line Items]
Limit on dividends and share repurchases	$ 60
Minimum [Member]
Debt Instrument [Line Items]
Number of specified ratings agencies \| numberOfRatingsAgencies	2
Revolver [Member]
Debt Instrument [Line Items]
Current borrowing capacity	$ 800
Outstanding borrowings	0
Option to increase the maximum capacity of revolving credit facility	200
Maximum borrowing capacity	$ 1,000
Debt covenant leverage ratio	4
Fixed charge coverage ratio	1.25
Revolver [Member] \| Maximum leverage ratio for unlimited dividends and share repurchases [Member]
Debt Instrument [Line Items]
Debt covenant leverage ratio	3
Revolver [Member] \| Upper limit of Leverage Ratio
Debt Instrument [Line Items]
Debt covenant leverage ratio	3.5
Revolver [Member] \| Minimum [Member] \| Lower limit of agencies providing investment grade rating [Member]
Debt Instrument [Line Items]
Number of specified ratings agencies \| numberOfRatingsAgencies	1
Number of consecutive fiscal quarters meeting leverage ratio threshold \| numberOfPeriods	2
Debt covenant leverage ratio	2.5

Revenue (Percent Of Net Sales By Merchandise Category Summary) (Details)	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	100.00%	100.00%
Women's Apparel [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	29.00%	30.00%
Shoes [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	26.00%	26.00%
Men's Apparel [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	15.00%	14.00%
Women's Accessories [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	12.00%	13.00%
Beauty [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	12.00%	11.00%
Kids' Apparel [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	3.00%	3.00%
Other [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	3.00%	3.00%

Segment Reporting (Information By Reportable Segment) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Segment Reporting Information [Line Items]
Earnings (loss) before interest and income taxes	$ (259)	$ 73
Interest expense, net	(28)	(35)
(Loss) earnings before income taxes	(287)	38
Retail Segment [Member]
Segment Reporting Information [Line Items]
Earnings (loss) before interest and income taxes	140	87
Corporate/Other [Member]
Segment Reporting Information [Line Items]
Earnings (loss) before interest and income taxes	$ (399)	$ (14)

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-Section 25
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-URI https://asc.fasb.org/extlink&oid=126941158&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
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-Section S99
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-Subparagraph (SX 210.5-03(10))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
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-Subparagraph (SX 210.7-04(8))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI https://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Assets
Accumulated depreciation	$ 8,133	$ 8,289	$ 7,834
Shareholders’ equity:
Common stock, no par value (in dollars per share)	$ 0	$ 0	$ 0
Common stock, shares authorized	1,000.0	1,000.0	1,000.0
Common stock, shares issued	161.4	160.1	160.5
Common stock, shares outstanding	161.4	160.1	160.5

Revenue (Disaggregated Net Sales) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Disaggregation of Revenue [Line Items]
Total net sales	$ 3,064	$ 3,467
Disaggregated sales by category	100.00%	100.00%
Digital Sales [Member]
Disaggregation of Revenue [Line Items]
Disaggregated sales by category	36.00%	39.00%
Nordstrom [Member]
Disaggregation of Revenue [Line Items]
Total net sales	$ 2,027	$ 2,289
Nordstrom Rack [Member]
Disaggregation of Revenue [Line Items]
Total net sales	$ 1,037	$ 1,178

Stock-Based Compensation (Narrative) (Details) - shares shares in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Share-Based Payment Arrangement [Abstract]
Issuance of common stock under stock compensation plans (in shares)	1.4	1.2