Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name WALGREEN CO
CIK 0000104207
Accession number 0000104207-14-000112
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/104207/000010420714000112/wag-20140831.xml
Fiscal year end --08-31
Fiscal year focus 2014
Fiscal period focus FY
Current balance sheet date 2014-08-31
Current year-to-date income statement start date 2013-09-01
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
The deferred tax assets and liabilities included in the Consolidated Balance Sheets consist of the following (in millions):

 
2014
 
2013
Deferred tax assets -
 
 
 
Postretirement benefits
$
247
 
$
218
Compensation and benefits
 
166
 
 
136
Insurance
 
98
 
 
121
Accrued rent
 
166
 
 
157
Tax benefits
 
430
 
 
159
Stock compensation
 
131
 
 
159
Other
 
140
 
 
96
Subtotal
 
1,378
 
 
1,046
Less: Valuation allowance
 
223
 
 
19
Total deferred tax assets
 
1,155
 
 
1,027
Deferred tax liabilities -
 
 
 
 
 
Accelerated depreciation
 
1,244
 
 
1,369
Inventory
 
407
 
 
396
Intangible assets
 
64
 
 
53
Equity method investment
 
355
 
 
21
Other
 
208
 
 
4
Subtotal
 
2,278
 
 
1,843
Net deferred tax liabilities
$
1,123
 
$
816

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 1,378,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -223,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 1,155,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -2,278,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -1,123,000,000
CHECK 0

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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 0
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current -105,000,000 us-gaap:DeferredTaxLiabilitiesCurrent
Deferred tax liabilities, net, noncurrent -1,048,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -1,123,000,000
CHECK 0

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(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 1,155,000,000
Deferred tax liabilities, net -2,278,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -1,123,000,000
CHECK 0

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