Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name SEARS HOLDINGS CORP
CIK 0001310067
Accession number 0001310067-14-000007
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/1310067/000131006714000007/shld-20140201.xml
Fiscal year end --02-01
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2014-02-01
Current year-to-date income statement start date 2013-02-03
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
millions
 
February 1,
2014
 
February 2,
2013
Deferred tax assets and liabilities:
 
 
 
 
Deferred tax assets:
 
 
 
 
Federal benefit for state and foreign taxes
 
$
147

 
$
151

Accruals and other liabilities
 
144

 
179

Capital leases
 
96

 
114

NOL carryforwards
 
1,187

 
722

Postretirement benefit plans
 
74

 
78

Pension
 
961

 
1,208

Deferred revenue
 
171

 
202

Credit carryforwards
 
721

 
605

Other
 
149

 
163

Total deferred tax assets
 
3,650

 
3,422

Valuation allowance
 
(3,366
)
 
(2,743
)
Net deferred tax assets
 
284

 
679

 
 
 

 
 

Deferred tax liabilities:
 
 

 
 

Trade names/Intangibles
 
1,059

 
1,071

Property and equipment
 
—

 
156

Inventory
 
421

 
453

Other
 
126

 
117

Total deferred tax liabilities
 
1,606

 
1,797

Net deferred tax liability
 
$
(1,322
)
 
$
(1,118
)

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

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 3,650,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -3,366,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 284,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -1,606,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -1,322,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
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 -387,000,000 us-gaap:DeferredTaxLiabilitiesCurrent
Deferred tax liabilities, net, noncurrent -1,109,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -1,322,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

*

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

Description Fact value US GAAP XBRL Concept
Deferred tax assets 284,000,000
Deferred tax liabilities, net -1,606,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -1,322,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

*

*

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