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Notes to Consolidated Financial Statements
NOTE 3—INCOME TAXES
Total income taxes were allocated as follows:
(in millions)
YearEnded
February 2, 2013
January28,2012 January29,2011
Income from continuing operations $ 359.6  $ 291.2  $ 232.6
Accumulatedothercomprehensiveincome(loss)
markingderivativenancialinstrumentstofairvalue —  (0.1)   1.3
Stockholders’equity,taxbenetonexercises/vesting
of equity-based compensation (21.3)   (13.8)   (7.8)
$ 338.3  $ 277.3  $ 226.1
e provision for income taxes consists of the following:
(in millions)
YearEnded
February 2, 2013
January28,2012 January29,2011
Federal - current 324.5   240.4  215.7
State - current 42.4   39.4   31.3
Foreign - current 0.5   0.3 —
Total current 367.4   280.1  247.0
Federal - deferred 0.3   14.9   (10.0)
State - deferred (3.5)   0.1   (4.4)
Foreign - deferred (4.6)   (3.9) —
Total deferred (7.8) 11.1   (14.4)
IncludedincurrenttaxexpensefortheyearsendedFebruary2,2013,January28,2012andJanuary29,2011,are
amountsrelatedtouncertaintaxpositionsassociatedwithtemporarydierences.
Areconciliationofthestatutoryfederalincometaxrateandtheeectiveratefollows:
YearEnded
February 2, 2013
January28,2012 January29,2011
Statutory tax rate 35.0%  35.0%  35.0%
 Eectof:
Sta te and local income taxes, net of federal
incometaxbenet 3.0   3.4   3.4
Other, net (1.3)   (1.0)   (1.5)
Eectivetaxrate
36.7%  37.4%  36.9%
eratereductionin“other,net”consistsprimarilyofbenetsfromtheresolutionoftaxuncertainties,intereston
taxreserves,federaljobscreditsandtax-exemptinterestosetbycertainnondeductibleexpenses.
United States income taxes have not been provided on accumulated but undistributed earnings of its foreign
subsidiaries as the company intends to permanently reinvest earnings.
2012AnnualReport37