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Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	May 04, 2019	May 22, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	May 04, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Registrant Name	ROSS STORES INC
Entity Central Index Key	0000745732
Current Fiscal Year End Date	--02-01
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding (in shares)		364,695,608
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Shell Company	false

Condensed Consolidated Statements of Earnings shares in Thousands, $ in Thousands	3 Months Ended
	May 04, 2019 USD ($) stores $ / shares shares	May 05, 2018 USD ($) stores $ / shares shares
Income Statement [Abstract]
Sales	$ 3,796,642	$ 3,588,619
Costs and Expenses
Cost of goods sold	2,701,668	2,522,219
Selling, general and administrative	558,250	524,423
Interest income, net	(5,635)	(503)
Total costs and expenses	3,254,283	3,046,139
Earnings before taxes	542,359	542,480
Provision for taxes on earnings	121,217	124,228
Net earnings	$ 421,142	$ 418,252
Earnings per share
Basic (in dollars per share) \| $ / shares	$ 1.16	$ 1.12
Diluted (in dollars per share) \| $ / shares	$ 1.15	$ 1.11
Weighted average shares outstanding
Basic (in shares) \| shares	363,085	373,797
Diluted (in shares) \| shares	365,912	377,062
Stores open at end of period (in number of stores) \| stores	1,745	1,651

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Statement of Comprehensive Income [Abstract]
Net earnings	$ 421,142	$ 418,252
Other comprehensive (loss) income:
Change in unrealized gain (loss) on investments, net of tax	0	(20)
Comprehensive income	$ 421,142	$ 418,232

- Definition

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

+ References + Details

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	May 04, 2019	Feb. 02, 2019	May 05, 2018
Current Assets
Cash and cash equivalents	$ 1,366,592	$ 1,412,912	$ 1,302,836
Accounts receivable	121,607	96,711	109,425
Merchandise inventory	1,813,773	1,750,442	1,895,456
Prepaid expenses and other	160,733	143,954	146,362
Total current assets	3,462,705	3,404,019	3,454,079
Property and Equipment
Land and buildings	1,129,049	1,126,051	1,110,278
Fixtures and equipment	2,844,135	2,783,198	2,621,211
Leasehold improvements	1,139,600	1,175,921	1,103,712
Construction-in-progress	148,021	171,538	116,495
Property and equipment, gross	5,260,805	5,256,708	4,951,696
Less accumulated depreciation and amortization	2,824,433	2,781,507	2,582,481
Property and equipment, net	2,436,372	2,475,201	2,369,215
Operating lease assets	2,942,980	0	0
Other long-term assets	207,063	194,471	197,542
Total assets	9,049,120	6,073,691	6,020,836
Current Liabilities
Accounts payable	1,296,183	1,177,104	1,299,145
Accrued expenses and other	450,762	431,596	435,606
Current operating lease liabilities	536,900	0	0
Accrued payroll and benefits	220,376	363,035	209,570
Income taxes payable	89,290	37,749	77,323
Current portion of long-term debt	0	0	84,981
Total current liabilities	2,593,511	2,009,484	2,106,625
Long-term debt	312,552	312,440	312,105
Non-current operating lease liabilities	2,514,530	0	0
Other long-term liabilities	226,788	321,713	362,445
Deferred income taxes	134,213	124,308	109,373
Commitments and contingencies
Stockholders’ Equity
Common stock, par value $.01 per share Authorized 1,000,000,000 shares Issued and outstanding 365,260,000, 368,242,000 and 377,079,000 shares, respectively	3,653	3,682	3,771
Additional paid-in capital	1,391,558	1,375,965	1,312,705
Treasury stock	(423,543)	(372,663)	(363,077)
Accumulated other comprehensive income	0	0	7
Retained earnings	2,295,858	2,298,762	2,176,882
Total stockholders’ equity	3,267,526	3,305,746	3,130,288
Total liabilities and stockholders’ equity	$ 9,049,120	$ 6,073,691	$ 6,020,836

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	May 04, 2019	Feb. 02, 2019	May 05, 2018
Statement of Financial Position [Abstract]
Par value per share (usd per share)	$ 0.01	$ 0.01	$ 0.01
Shares authorized (in shares)	1,000,000,000	1,000,000,000	1,000,000,000
Shares issued (in shares)	365,260,000	368,242,000	377,079,000
Shares outstanding (in shares)	365,260,000	368,242,000	377,079,000

Condensed Consolidated Statements of Stockholders Equity Statement - USD ($) shares in Thousands, $ in Thousands	Total	Common stock	Additional paid-in capital	Treasury stock	Accumulated other comprehensive income (loss)	Retained earnings
Total common stock, beginning balance (in shares) at Feb. 03, 2018		379,618
Total stockholders’ equity, beginning balance at Feb. 03, 2018	$ 3,049,308	$ 3,796	$ 1,292,364	$ (318,279)	$ 27	$ 2,071,400
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	418,252					418,252
Unrealized investment loss, net	(20)				(20)
Common stock issued under stock planes, net of shares used for tax withholding (in shares)		732
Common stock issued under stock planes, net of shares used for tax withholding	(40,116)	$ 8	4,674	(44,798)		0
Stock-based compensation	23,760		23,760	0		0
Common stock repurchased (in shares)		(3,271)
Common stock repurchased	(255,370)	$ (33)	(8,093)			(247,244)
Dividends declared	(85,410)					(85,410)
Total common stock, ending balance (in shares) at May. 05, 2018		377,079
Total stockholders’ equity, ending balance at May. 05, 2018	$ 3,130,288	$ 3,771	1,312,705	(363,077)	7	2,176,882
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared per share (in dollars per share)	$ 0.225
Total common stock, beginning balance (in shares) at Feb. 02, 2019		368,242
Total stockholders’ equity, beginning balance at Feb. 02, 2019	$ 3,305,746	$ 3,682	1,375,965	(372,663)	0	2,298,762
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	421,142					421,142
Unrealized investment loss, net	0
Common stock issued under stock planes, net of shares used for tax withholding (in shares)		390
Common stock issued under stock planes, net of shares used for tax withholding	(45,585)	$ 4	5,291	(50,880)		0
Stock-based compensation	19,689		19,689			0
Common stock repurchased (in shares)		(3,372)
Common stock repurchased	(320,130)	$ (33)	(9,387)			(310,710)
Dividends declared	(93,722)					(93,722)
Total common stock, ending balance (in shares) at May. 04, 2019		365,260
Total stockholders’ equity, ending balance at May. 04, 2019	$ 3,267,526	$ 3,653	$ 1,391,558	$ (423,543)	$ 0	$ 2,295,858
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared per share (in dollars per share)	$ 0.255

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Cash Flows From Operating Activities
Net earnings	$ 421,142	$ 418,252
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	82,757	79,797
Stock-based compensation	19,689	23,760
Deferred income taxes	16,543	16,842
Change in assets and liabilities:
Merchandise inventory	(63,331)	(253,721)
Other current assets	(41,777)	(46,028)
Accounts payable	122,654	238,677
Other current liabilities	(108,208)	(95,966)
Income taxes	56,206	90,322
Operating lease assets and liabilities, net	2,855	0
Other long-term, net	457	115
Net cash provided by operating activities	508,987	472,050
Cash Flows From Investing Activities
Additions to property and equipment	(95,629)	(79,793)
Proceeds from investments	517	505
Net cash used in investing activities	(95,112)	(79,288)
Cash Flows From Financing Activities
Issuance of common stock related to stock plans	5,295	4,682
Treasury stock purchased	(50,880)	(44,798)
Repurchase of common stock	(320,130)	(255,370)
Dividends paid	(93,722)	(85,410)
Net cash used in financing activities	(459,437)	(380,896)
Net (decrease) increase in cash, cash equivalents, and restricted cash and cash equivalents	(45,562)	11,866
Cash, cash equivalents, and restricted cash and cash equivalents:
Beginning of period	1,478,079	1,353,272
End of period	1,432,517	1,365,138
Supplemental Cash Flow Disclosures
Interest paid	4,219	4,219
Income taxes paid	$ 48,468	$ 17,058

Summary of Significant Accounting Policies

3 Months Ended

May 04, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Basis of presentation. The accompanying unaudited interim condensed consolidated financial statements have been prepared from the records of Ross Stores, Inc. and subsidiaries (the “Company”) without audit and, in the opinion of management, include all adjustments (consisting of only normal, recurring adjustments) necessary to present fairly the Company’s financial position as of May 4, 2019 and May 5, 2018, the results of operations, comprehensive income, stockholders' equity, and cash flows for the three month periods ended May 4, 2019 and May 5, 2018. The Condensed Consolidated Balance Sheet as of February 2, 2019, presented herein, has been derived from the Company’s audited consolidated financial statements for the fiscal year then ended.

Certain information and disclosures normally included in the notes to annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted for purposes of these interim condensed consolidated financial statements. The interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements, including notes thereto, contained in the Company’s Annual Report on Form 10-K for the year ended February 2, 2019.

The results of operations, comprehensive income, stockholders' equity, and cash flows for the three month periods ended May 4, 2019 and May 5, 2018 presented herein are not necessarily indicative of the results to be expected for the full fiscal year.

Recently adopted accounting standards. In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Accounting Standards Codification "ASC" 842), which along with subsequent amendments, supersedes the lease accounting requirements in ASC 840, Leases. The updated guidance requires balance sheet recognition for all leases with lease terms greater than one year including a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term.

The Company adopted ASC 842 as of February 3, 2019 (the "effective date"), using the optional transition method on a modified retrospective basis. The Company did not elect the transitional package of practical expedients or the use of hindsight upon adoption of the ASC. The Company elected the practical expedient to not record a lease liability and corresponding right-of-use asset for leases with terms of 12 months or less, and to account for lease and non-lease components as a single lease component. Upon adoption, the Company recorded lease liabilities based on the present value of the remaining minimum rental payments, using discount rates as of the effective date, of $2.9 billion, and the corresponding right-of-use assets of $2.9 billion. The Company also recorded a cumulative-effect adjustment to decrease beginning retained earnings of $19.6 million, primarily related to the write-off of previously capitalized initial direct costs that are no longer capitalized under ASC 842, partially offset by the write-off of the deferred gain on a previous sale-leaseback transaction that meets the sale definition under ASC 842. Reporting periods beginning on or after February 3, 2019 are presented under ASC 842, while prior period amounts and disclosures were not adjusted and continue to be reported under ASC 840. ASC 842 did not have a significant impact to the Company’s condensed consolidated statements of earnings or to the condensed consolidated statements of cash flows.

Significant accounting policies. Except for the updates to accounting policies for leases as a result of adopting ASC 842 described below, there have been no significant changes to the accounting policies followed by the Company as described in Note A to the audited consolidated financial statements for the fiscal year ended February 2, 2019.

Leases. As the Company’s leases generally do not provide an implicit discount rate, the Company uses the estimated collateralized incremental borrowing rate based on information available at the lease commencement date in determining the present value of lease payments for use in the calculation of the lease liabilities and right-of-use assets. This rate is determined using a portfolio approach based on the risk-adjusted rate of interest that the Company would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar lease term. Operating lease liabilities and corresponding right-of-use assets include options to extend lease terms that are reasonably certain of being exercised. The Company does not record a lease liability and corresponding right-of-use asset for leases with terms of 12 months or less, and accounts for lease and non-lease components as a single lease component. The Company's lease portfolio is comprised of operating leases with the lease cost recorded on a straight-line basis over the lease term.

Prior to the adoption of ASC 842, when a lease contained “rent holidays” or required fixed escalations of the minimum lease payments, the Company recorded rental expense on a straight-line basis over the term of the lease and the difference between the average rental amount was charged to expense and the amount payable under the lease was recorded as deferred rent. The Company began recording rent expense on the lease possession date. Tenant improvement allowances were amortized over the lease term. Changes in deferred rent and tenant improvement allowances were included as a component of operating activities in the Condensed Consolidated Statements of Cash Flows.

Revenue recognition. The following sales mix table disaggregates revenue by merchandise category for the three month periods ended May 4, 2019 and May 5, 2018:



	Three Months Ended
	May 4, 2019		May 5, 2018
Ladies	27	%	28	%
Home Accents and Bed and Bath	25	%	25	%
Shoes	14	%	14	%
Accessories, Lingerie, Fine Jewelry, and Fragrances	13	%	13	%
Men's	13	%	12	%
Children's	8	%	8	%
Total	100	%	100	%

Cash, restricted cash, and restricted investments. Restricted cash, cash equivalents, and investments serve as collateral for certain insurance obligations of the Company. These restricted funds are invested in bank deposits, money market mutual funds, U.S. Government and agency securities, and corporate securities and cannot be withdrawn from the Company’s account without the prior written consent of the secured parties. The classification between current and long-term is based on the timing of expected payments of the insurance obligations.

The following table provides a reconciliation of cash, cash equivalents, restricted cash and equivalents in the Condensed Consolidated Balance Sheets that reconcile to the amounts shown on the Condensed Consolidated Statements of Cash Flows:



($000)	May 4, 2019		February 2, 2019		May 5, 2018
Cash and cash equivalents	$	1,366,592	$	1,412,912	$	1,302,836
Restricted cash and cash equivalents included in:
Prepaid expenses and other	11,867		11,402		8,900
Other long-term assets	54,058		53,765		53,402
Total restricted cash and cash equivalents	65,925		65,167		62,302
Total cash, cash equivalents and restricted cash and equivalents	$	1,432,517	$	1,478,079	$	1,365,138

In addition to the restricted cash and equivalents in the table above, the Company had restricted investments included in the Condensed Consolidated Balance Sheets as shown below:



($000)	May 4, 2019		February 2, 2019		May 5, 2018
Prepaid expenses and other	$	—	$	400	$	2,822
Total restricted investments	$	—	$	400	$	2,822

Property and equipment. As of May 4, 2019 and May 5, 2018, the Company had $14.8 million and $11.1 million, respectively, of property and equipment purchased but not yet paid. These purchases are included in Property and Equipment, Accounts payable, and Accrued expenses and other in the accompanying Condensed Consolidated Balance Sheets.

Cash dividends. Dividends included in the Condensed Consolidated Statements of Cash Flows reflect cash dividends paid during the periods shown. Dividends per share reported on the Condensed Consolidated Statements of Earnings reflect cash dividends declared during the periods shown.

The Company’s Board of Directors declared a cash dividend of $0.255 per common share in March 2019, and $0.225 per common share in March, May, August, and November 2018, respectively.

In May 2019, the Company’s Board of Directors declared a cash dividend of $0.255 per common share, payable on June 28, 2019.

Litigation, claims, and assessments. Like many retailers, the Company has been named in class action lawsuits, primarily in California, alleging violation of wage and hour/employment laws and consumer protection laws. Class action litigation remains pending as of May 4, 2019.

The Company is also party to various other legal and regulatory proceedings arising in the normal course of business. Actions filed against the Company may include commercial, product and product safety, consumer, intellectual property, environmental, and labor and employment-related claims, including lawsuits in which private plaintiffs or governmental agencies allege that the Company violated federal, state, and/or local laws. Actions against the Company are in various procedural stages. Many of these proceedings raise factual and legal issues and are subject to uncertainties.

In the opinion of management, the resolution of pending class action litigation and other currently pending legal and regulatory proceedings will not have a material adverse effect on the Company’s financial condition, results of operations, or cash flows.

Recently issued accounting standards. The Company considers the applicability and impact of all ASUs issued by the FASB. For the three month period ended May 4, 2019, the FASB issued ASUs were assessed and determined to be either not applicable or are expected to have minimal impact on the Company's condensed consolidated financial results.

Reclassifications. Certain items related to income taxes in the prior year’s condensed consolidated statements of cash flows have been reclassified to conform to the current years’ presentation.

Fair Value Measurements

3 Months Ended

May 04, 2019

Fair Value Disclosures [Abstract]

Fair Value Measurements

The carrying value of cash and cash equivalents, short- and long-term investments, restricted cash and cash equivalents, restricted investments, accounts receivable, other long-term assets, accounts payable, and other long-term liabilities approximates their estimated fair value.

Accounting standards pertaining to fair value measurements establish a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The inputs used to measure fair value include: Level 1, observable inputs such as quoted prices in active markets; Level 2, inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, unobservable inputs in which little or no market data exists. This fair value hierarchy requires the Company to develop its own assumptions and maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Corporate, U.S. government and agency, and mortgage-backed securities are classified within Level 1 or Level 2 because these securities are valued using quoted market prices or alternative pricing sources and models utilizing market observable inputs.

There were no transfers between Level 1 and Level 2 categories during the three month period ended May 4, 2019. The fair value of the Company’s financial instruments are as follows:



($000)	May 4, 2019		February 2, 2019		May 5, 2018
Cash and cash equivalents (Level 1)	$	1,366,592	$	1,412,912	$	1,302,836

Restricted cash and cash equivalents (Level 1)	$	65,925	$	65,167	$	62,302

Investments (Level 2)	$	8	$	125	$	709

Restricted investments (Level 2)	$	—	$	400	$	2,822

The underlying assets in the Company’s non-qualified deferred compensation program as of May 4, 2019, February 2, 2019, and May 5, 2018 (included in Other long-term assets and in Other long-term liabilities) primarily consist of participant-directed money market, stable value, stock, and bond funds. The fair value measurement for funds with quoted market prices in active markets (Level 1) and for funds without quoted market prices in active markets (Level 2) are as follows:



($000)	May 4, 2019		February 2, 2019		May 5, 2018
Level 1	$	127,785	$	114,181	$	112,073
Level 2	10,626		10,377		16,339
Total	$	138,411	$	124,558	$	128,412

- 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

Stock-Based Compensation

3 Months Ended

May 04, 2019

Share-based Payment Arrangement, Noncash Expense [Abstract]

Stock-Based Compensation

Stock-based compensation. For the three month periods ended May 4, 2019 and May 5, 2018, the Company recognized stock-based compensation expense as follows:



	Three Months Ended
($000)	May 4, 2019		May 5, 2018
Restricted stock	$	9,449	$	11,508
Performance awards	9,304		11,424
Employee stock purchase plan	936		828
Total	$	19,689	$	23,760

Total stock-based compensation expense recognized in the Company’s Condensed Consolidated Statements of Earnings for the three month periods ended May 4, 2019 and May 5, 2018, is as follows:



	Three Months Ended
Statements of Earnings Classification ($000)	May 4, 2019		May 5, 2018
Cost of goods sold	$	13,122	$	11,036
Selling, general and administrative	6,567		12,724
Total	$	19,689	$	23,760

The tax benefits related to stock-based compensation expense for the three month periods ended May 4, 2019 and May 5, 2018 were $3.7 million and $4.9 million, respectively.

Restricted stock awards. The Company grants shares of restricted stock to directors, officers, and key employees. The market value of shares of restricted stock at the date of grant is amortized to expense over the vesting period of generally three to five years.

During the three month periods ended May 4, 2019 and May 5, 2018, shares purchased by the Company for tax withholding totaled 555,997 and 583,228, respectively, and are considered treasury shares which are available for reissuance.

Performance share awards. The Company has a performance share award program for senior executives. A performance share award represents a right to receive shares of restricted stock on a specified settlement date based on the Company’s attainment of a profitability-based performance goal during the performance period, which is the Company’s fiscal year. If attained, the restricted stock then vests over a service period, generally two to three years from the date the performance award was granted.

As of May 4, 2019, shares related to unvested restricted stock and performance share awards totaled 4.4 million shares. A summary of restricted stock and performance share award activity for the three month period ended May 4, 2019, is presented below:



(000, except per share data)	Number of shares		Weighted average grant date fair value
Unvested at February 2, 2019	5,130		$	62.50
Awarded	975		90.78
Released	(1,429	)	51.12
Forfeited	(285	)	69.97
Unvested at May 4, 2019	4,391		$	72.00

The unamortized compensation expense at May 4, 2019, was $178.7 million, which is expected to be recognized over a weighted-average remaining period of 2.5 years. The unamortized compensation expense at May 5, 2018, was $162.5 million, which was expected to be recognized over a weighted-average remaining period of 2.2 years.

Employee stock purchase plan. Under the Employee Stock Purchase Plan (“ESPP”), eligible employees participating in the quarterly offering period can choose to have up to the lesser of 10% of their annual base earnings or the IRS annual share purchase limit of $25,000 in aggregate market value to purchase the Company’s common stock. The purchase price of the stock is 85% of the closing market price on the date of purchase. Purchases occur on a quarterly basis (on the last trading day of each calendar quarter). The Company recognizes expense for ESPP purchase rights equal to the value of the 15% discount given on the purchase date.

Earnings Per Share

3 Months Ended

May 04, 2019

Earnings Per Share [Abstract]

Earnings Per Share

The Company computes and reports both basic earnings per share ("EPS") and diluted EPS. Basic EPS is computed by dividing net earnings by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net earnings by the sum of the weighted average number of common shares and dilutive common stock equivalents outstanding during the period. Diluted EPS reflects the total potential dilution that could occur from outstanding equity plan awards, including unexercised stock options, and unvested shares of both performance and non-performance based awards of restricted stock.

For the three month period ended May 4, 2019, approximately 700 weighted average shares were excluded from the calculation of diluted EPS because their effect would have been anti-dilutive for the period presented. For the three month period ended May 5, 2018, approximately 19,300 weighted average shares were excluded from the calculation of diluted EPS because their effect would have been anti-dilutive for the period presented.

The following is a reconciliation of the number of shares (denominator) used in the basic and diluted EPS computations:



	Three Months Ended
Shares in (000s)	Basic EPS		Effect of dilutive common stock equivalents			Diluted EPS
May 4, 2019
Shares	363,085		2,827			365,912
Amount	$	1.16	$	(0.01	)	$	1.15

May 5, 2018
Shares	373,797		3,265			377,062
Amount	$	1.12	$	(0.01	)	$	1.11

Leases (Notes)

3 Months Ended

May 04, 2019

Leases [Abstract]

Leases

The Company currently leases all but two of its store locations with original, non-cancelable terms that in general range from three to ten years. Store leases typically contain provisions for three to four renewal options of five years each. The exercise of lease renewal options is at the sole discretion of the Company. Most store leases also provide for minimum annual rentals and for payment of variable lease costs. In addition, some store leases also have provisions for additional rent based on a percentage of sales (“percentage rent”) and others include rental payments adjusted periodically for inflation. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company does not have any financing leases.

The Company leases five warehouses, and has four third-party warehousing arrangements. All of these contain renewal provisions. The following table summarizes the location and expiration date of the Company’s leased warehouses:



Location		Lease Expiration Date
Leased Warehouses
Carlisle, Pennsylvania		2020
Carlisle, Pennsylvania		2021
Fort Mill, South Carolina		2024
Rock Hill, South Carolina		2028
Shafter, California		2029

Third-Party Warehouses
Fort Mill, South Carolina		2020
Moreno Valley, California		2023
Moreno Valley, California		2029
Shafter, California		2020

The Company leases approximately 103,000 and 5,000 square feet of office space for its Los Angeles and Boston buying offices, respectively. The lease term for these facilities expire in 2022 and 2020, respectively, and contain renewal provisions. In addition, the Company has a ground lease related to its New York buying office.

The following table presents operating lease costs included in the Condensed Consolidated Statement of Earnings for the three months ended May 4, 2019:



	Three Months Ended
($000)	May 4, 2019
Operating lease cost ¹	$	155,566
Variable lease costs ²	42,914
Net lease cost ³	$	198,480

¹Net of sublease income which was immaterial.
²Includes property and rent taxes, insurance, common area maintenance, and percentage rent.
³Excludes short-term lease costs which were immaterial.

The maturity of operating lease liabilities, including the ground lease related to the New York buying office as of May 4, 2019, are as follows:



($000)	Operating Leases ¹
2020	$	581,014
2021	604,295
2022	523,113
2023	443,164
2024	349,525
Thereafter	1,633,681
Total lease payments	4,134,792
Less: interest	1,083,362
Present value of lease liabilities	$	3,051,430
Less: current operating lease liabilities	536,900
Non-current operating lease liabilities	$	2,514,530

¹ Operating lease payments exclude $258.4 million of minimum lease payments for leases signed that have not yet commenced.

At May 4, 2019, the weighted-average remaining lease term and the weighted average discount rate for operating leases is 10.9 years and 3.6%, respectively. The weighted-average remaining lease term and the weighted average discount rate, excluding the long-term ground lease related to the New York buying office, were 6.1 years and 3.3%, respectively.

Cash paid for amounts included in the measurement of operating lease liabilities was $148.2 million for the three months ended May 4, 2019 and is included in Net cash provided by operating activities in the Condensed Consolidated Statements of Cash Flows.

Operating lease assets obtained in exchange for new operating lease liabilities (includes new leases and remeasurements or modifications of existing leases) during the three months ended May 4, 2019 was $207.8 million.

In accordance with ASC 840, the aggregate undiscounted future minimum annual lease payments under leases, including the ground lease related to the New York buying office, in effect at February 2, 2019 were as follows:



($000)	Total operating leases
2019	$	555,812
2020	580,712
2021	499,678
2022	424,695
2023	339,340
Thereafter	1,575,673
Total minimum lease payments	$	3,975,910

Debt

3 Months Ended

May 04, 2019

Debt Disclosure [Abstract]

Debt

Senior notes. Unsecured senior debt, net of unamortized discounts and debt issuance costs, consisted of the following:



($000)	May 4, 2019		February 2, 2019		May 5, 2018
6.38% Series A Senior Notes due 2018	$	—	$	—	$	84,981
6.53% Series B Senior Notes due 2021	64,947		64,942		64,927
3.375% Senior Notes due 2024	247,605		247,498		247,178
Total long-term debt	$	312,552	$	312,440	$	397,086
Less: current portion	—		—		84,981
Total due beyond one year	$	312,552	$	312,440	$	312,105

As of May 4, 2019, the Company had outstanding unsecured 3.375% Senior Notes due September 2024 (the “2024 Notes”) with an aggregate principal amount of $250 million. Interest on the 2024 Notes is payable semi-annually.

As of May 4, 2019, the Company also had outstanding Series B unsecured Senior Notes in the aggregate principal amount of $65 million held by various institutional investors. The Series B notes are due in December 2021, and bear interest at 6.53%. Borrowings under these Senior Notes are subject to certain financial covenants, including interest coverage and other financial ratios. As of May 4, 2019, the Company was in compliance with these covenants.

On December 13, 2018, the Company repaid at maturity the $85 million principal amount of the Series A 6.38% unsecured Senior Notes.

As of May 4, 2019, February 2, 2019, and May 5, 2018, total unamortized discount and debt issuance costs were $2.4 million, $2.6 million, and $2.9 million, respectively, and were classified as a reduction of Long-term debt.

The 2024 Notes, and the Series B Senior Notes are subject to prepayment penalties for early payment of principal.

The aggregate fair value of the two outstanding series of Senior Notes was approximately $318 million and $316 million, as of May 4, 2019 and February 2, 2019, respectively, compared to $407 million for the then three outstanding series of Senior Notes as of May 5, 2018. The fair value is estimated by obtaining comparable market quotes which are considered to be Level 1 inputs under the fair value measurements and disclosures guidance.

The table below shows the components of interest expense and income for the three month periods ended May 4, 2019 and May 5, 2018:



	Three Months Ended
($000)	May 4, 2019			May 5, 2018
Interest expense on long-term debt	$	3,283		$	4,645
Other interest expense	313			302
Capitalized interest	(765		)	(498		)
Interest income	(8,466		)	(4,952		)
Interest income, net	$	(5,635	)	$	(503	)

Revolving credit facility. The Company’s $600 million unsecured revolving credit facility expires in April 2021, and contains a $300 million sublimit for issuance of standby letters of credit (subject to increase in proportion to any increase in the size of the credit facility). The facility also contains an option allowing the Company to increase the size of its credit facility by up to an additional $200 million, with the agreement of the lenders. Interest on any borrowings under this facility is based on LIBOR plus an applicable margin (currently 100 basis points) and is payable quarterly and upon maturity. As of May 4, 2019, the Company had no borrowings or standby letters of credit outstanding under this facility and the $600 million credit facility remains in place and available.

The revolving credit facility is subject to a financial leverage ratio covenant. As of May 4, 2019, the Company was in compliance with this covenant.

Taxes on Earnings	3 Months Ended
Taxes on Earnings	May 04, 2019
Income Tax Disclosure [Abstract]
Taxes on Earnings	Taxes on Earnings As of May 4, 2019, February 2, 2019, and May 5, 2018, the reserves for unrecognized tax benefits were $83.5 million, $78.8 million, and $125.6 million, inclusive of $13.7 million, $13.0 million, and $24.0 million of related interest and penalties, respectively. In November 2018, the Company resolved uncertain tax positions related to fiscal 2015 with the Internal Revenue Service. As a result, the Company recognized a decrease in reserves for tax positions in prior periods of $52.4 million, inclusive of $12.6 million of related reserves for interest and penalties. The Company accounts for interest and penalties related to unrecognized tax benefits as a part of its provision for taxes on earnings. If recognized, $66.7 million would impact the Company’s effective tax rate. The difference between the total amount of unrecognized tax benefits and the amounts that would impact the effective tax rate relates to amounts attributable to deferred income tax assets and liabilities. These amounts are net of federal and state income taxes. It is reasonably possible that certain state tax matters may be concluded or statutes of limitations may lapse during the next 12 months. Accordingly, the total amount of unrecognized tax benefits may decrease by up to $9.3 million. The Company is open to audit by the Internal Revenue Service under the statute of limitations for fiscal years 2015 through 2018. The Company’s state income tax returns are generally open to audit under the various statutes of limitations for fiscal years 2014 through 2018. Certain state tax returns are currently under audit by various tax authorities. The Company does not expect the results of these audits to have a material impact on the consolidated financial statements.

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	May 04, 2019
Accounting Policies [Abstract]
Basis of presentation	Significant accounting policies. Except for the updates to accounting policies for leases as a result of adopting ASC 842 described below, there have been no significant changes to the accounting policies followed by the Company as described in Note A to the audited consolidated financial statements for the fiscal year ended February 2, 2019. Basis of presentation. The accompanying unaudited interim condensed consolidated financial statements have been prepared from the records of Ross Stores, Inc. and subsidiaries (the “Company”) without audit and, in the opinion of management, include all adjustments (consisting of only normal, recurring adjustments) necessary to present fairly the Company’s financial position as of May 4, 2019 and May 5, 2018, the results of operations, comprehensive income, stockholders' equity, and cash flows for the three month periods ended May 4, 2019 and May 5, 2018. The Condensed Consolidated Balance Sheet as of February 2, 2019, presented herein, has been derived from the Company’s audited consolidated financial statements for the fiscal year then ended. Certain information and disclosures normally included in the notes to annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted for purposes of these interim condensed consolidated financial statements. The interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements, including notes thereto, contained in the Company’s Annual Report on Form 10-K for the year ended February 2, 2019. The results of operations, comprehensive income, stockholders' equity, and cash flows for the three month periods ended May 4, 2019 and May 5, 2018 presented herein are not necessarily indicative of the results to be expected for the full fiscal year.
Recently adopted and issued accounting standards	Recently adopted accounting standards. In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Accounting Standards Codification "ASC" 842), which along with subsequent amendments, supersedes the lease accounting requirements in ASC 840, Leases. The updated guidance requires balance sheet recognition for all leases with lease terms greater than one year including a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. The Company adopted ASC 842 as of February 3, 2019 (the "effective date"), using the optional transition method on a modified retrospective basis. The Company did not elect the transitional package of practical expedients or the use of hindsight upon adoption of the ASC. The Company elected the practical expedient to not record a lease liability and corresponding right-of-use asset for leases with terms of 12 months or less, and to account for lease and non-lease components as a single lease component. Upon adoption, the Company recorded lease liabilities based on the present value of the remaining minimum rental payments, using discount rates as of the effective date, of $2.9 billion, and the corresponding right-of-use assets of $2.9 billion. The Company also recorded a cumulative-effect adjustment to decrease beginning retained earnings of $19.6 million, primarily related to the write-off of previously capitalized initial direct costs that are no longer capitalized under ASC 842, partially offset by the write-off of the deferred gain on a previous sale-leaseback transaction that meets the sale definition under ASC 842. Reporting periods beginning on or after February 3, 2019 are presented under ASC 842, while prior period amounts and disclosures were not adjusted and continue to be reported under ASC 840. ASC 842 did not have a significant impact to the Company’s condensed consolidated statements of earnings or to the condensed consolidated statements of cash flows. Recently issued accounting standards. The Company considers the applicability and impact of all ASUs issued by the FASB. For the three month period ended May 4, 2019, the FASB issued ASUs were assessed and determined to be either not applicable or are expected to have minimal impact on the Company's condensed consolidated financial results.
Leases	Leases. As the Company’s leases generally do not provide an implicit discount rate, the Company uses the estimated collateralized incremental borrowing rate based on information available at the lease commencement date in determining the present value of lease payments for use in the calculation of the lease liabilities and right-of-use assets. This rate is determined using a portfolio approach based on the risk-adjusted rate of interest that the Company would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar lease term. Operating lease liabilities and corresponding right-of-use assets include options to extend lease terms that are reasonably certain of being exercised. The Company does not record a lease liability and corresponding right-of-use asset for leases with terms of 12 months or less, and accounts for lease and non-lease components as a single lease component. The Company's lease portfolio is comprised of operating leases with the lease cost recorded on a straight-line basis over the lease term. Prior to the adoption of ASC 842, when a lease contained “rent holidays” or required fixed escalations of the minimum lease payments, the Company recorded rental expense on a straight-line basis over the term of the lease and the difference between the average rental amount was charged to expense and the amount payable under the lease was recorded as deferred rent. The Company began recording rent expense on the lease possession date. Tenant improvement allowances were amortized over the lease term. Changes in deferred rent and tenant improvement allowances were included as a component of operating activities in the Condensed Consolidated Statements of Cash Flows.
Cash, restricted cash, and restricted investments	Cash, restricted cash, and restricted investments. Restricted cash, cash equivalents, and investments serve as collateral for certain insurance obligations of the Company. These restricted funds are invested in bank deposits, money market mutual funds, U.S. Government and agency securities, and corporate securities and cannot be withdrawn from the Company’s account without the prior written consent of the secured parties. The classification between current and long-term is based on the timing of expected payments of the insurance obligations.
Property and equipment	Property and equipment. As of May 4, 2019 and May 5, 2018, the Company had $14.8 million and $11.1 million, respectively, of property and equipment purchased but not yet paid. These purchases are included in Property and Equipment, Accounts payable, and Accrued expenses and other in the accompanying Condensed Consolidated Balance Sheets.
Fair value measurement	Fair Value Measurements The carrying value of cash and cash equivalents, short- and long-term investments, restricted cash and cash equivalents, restricted investments, accounts receivable, other long-term assets, accounts payable, and other long-term liabilities approximates their estimated fair value. Accounting standards pertaining to fair value measurements establish a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The inputs used to measure fair value include: Level 1, observable inputs such as quoted prices in active markets; Level 2, inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, unobservable inputs in which little or no market data exists. This fair value hierarchy requires the Company to develop its own assumptions and maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Corporate, U.S. government and agency, and mortgage-backed securities are classified within Level 1 or Level 2 because these securities are valued using quoted market prices or alternative pricing sources and models utilizing market observable inputs.
Earnings per share	Earnings Per Share The Company computes and reports both basic earnings per share ("EPS") and diluted EPS. Basic EPS is computed by dividing net earnings by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net earnings by the sum of the weighted average number of common shares and dilutive common stock equivalents outstanding during the period. Diluted EPS reflects the total potential dilution that could occur from outstanding equity plan awards, including unexercised stock options, and unvested shares of both performance and non-performance based awards of restricted stock.
Reclassifications	Reclassifications. Certain items related to income taxes in the prior year’s condensed consolidated statements of cash flows have been reclassified to conform to the current years’ presentation.

Summary of Significant Accounting Policies (Tables)

3 Months Ended

May 04, 2019

Accounting Policies [Abstract]

Disaggregation of revenue

The following sales mix table disaggregates revenue by merchandise category for the three month periods ended May 4, 2019 and May 5, 2018:



	Three Months Ended
	May 4, 2019		May 5, 2018
Ladies	27	%	28	%
Home Accents and Bed and Bath	25	%	25	%
Shoes	14	%	14	%
Accessories, Lingerie, Fine Jewelry, and Fragrances	13	%	13	%
Men's	13	%	12	%
Children's	8	%	8	%
Total	100	%	100	%

Schedule of restricted cash reconciliation



($000)	May 4, 2019		February 2, 2019		May 5, 2018
Cash and cash equivalents	$	1,366,592	$	1,412,912	$	1,302,836
Restricted cash and cash equivalents included in:
Prepaid expenses and other	11,867		11,402		8,900
Other long-term assets	54,058		53,765		53,402
Total restricted cash and cash equivalents	65,925		65,167		62,302
Total cash, cash equivalents and restricted cash and equivalents	$	1,432,517	$	1,478,079	$	1,365,138

Schedule of restricted investments

In addition to the restricted cash and equivalents in the table above, the Company had restricted investments included in the Condensed Consolidated Balance Sheets as shown below:



($000)	May 4, 2019		February 2, 2019		May 5, 2018
Prepaid expenses and other	$	—	$	400	$	2,822
Total restricted investments	$	—	$	400	$	2,822

Fair Value Measurements (Tables)

3 Months Ended

May 04, 2019

Fair Value Disclosures [Abstract]

Schedule of fair values

The fair value of the Company’s financial instruments are as follows:



($000)	May 4, 2019		February 2, 2019		May 5, 2018
Cash and cash equivalents (Level 1)	$	1,366,592	$	1,412,912	$	1,302,836

Restricted cash and cash equivalents (Level 1)	$	65,925	$	65,167	$	62,302

Investments (Level 2)	$	8	$	125	$	709

Restricted investments (Level 2)	$	—	$	400	$	2,822

Schedule of fair value, assets and liabilities measured on recurring basis

The fair value measurement for funds with quoted market prices in active markets (Level 1) and for funds without quoted market prices in active markets (Level 2) are as follows:



($000)	May 4, 2019		February 2, 2019		May 5, 2018
Level 1	$	127,785	$	114,181	$	112,073
Level 2	10,626		10,377		16,339
Total	$	138,411	$	124,558	$	128,412

Stock-Based Compensation (Tables)

3 Months Ended

May 04, 2019

Share-based Payment Arrangement, Noncash Expense [Abstract]

Schedule of stock-based compensation expense by award type

For the three month periods ended May 4, 2019 and May 5, 2018, the Company recognized stock-based compensation expense as follows:



	Three Months Ended
($000)	May 4, 2019		May 5, 2018
Restricted stock	$	9,449	$	11,508
Performance awards	9,304		11,424
Employee stock purchase plan	936		828
Total	$	19,689	$	23,760

Total stock-based compensation recognized in the condensed consolidated statements of earnings

Total stock-based compensation expense recognized in the Company’s Condensed Consolidated Statements of Earnings for the three month periods ended May 4, 2019 and May 5, 2018, is as follows:



	Three Months Ended
Statements of Earnings Classification ($000)	May 4, 2019		May 5, 2018
Cost of goods sold	$	13,122	$	11,036
Selling, general and administrative	6,567		12,724
Total	$	19,689	$	23,760

Unvested restricted stock activity

A summary of restricted stock and performance share award activity for the three month period ended May 4, 2019, is presented below:



(000, except per share data)	Number of shares		Weighted average grant date fair value
Unvested at February 2, 2019	5,130		$	62.50
Awarded	975		90.78
Released	(1,429	)	51.12
Forfeited	(285	)	69.97
Unvested at May 4, 2019	4,391		$	72.00

Earnings Per Share (Tables)

3 Months Ended

May 04, 2019

Earnings Per Share [Abstract]

Reconciliation of the number of shares (denominator) used in the basic and diluted EPS computations

The following is a reconciliation of the number of shares (denominator) used in the basic and diluted EPS computations:



	Three Months Ended
Shares in (000s)	Basic EPS		Effect of dilutive common stock equivalents			Diluted EPS
May 4, 2019
Shares	363,085		2,827			365,912
Amount	$	1.16	$	(0.01	)	$	1.15

May 5, 2018
Shares	373,797		3,265			377,062
Amount	$	1.12	$	(0.01	)	$	1.11

Leases (Tables)

3 Months Ended

May 04, 2019

Leases [Abstract]

Schedule of leased assets with renewal provisions

The following table summarizes the location and expiration date of the Company’s leased warehouses:



Location		Lease Expiration Date
Leased Warehouses
Carlisle, Pennsylvania		2020
Carlisle, Pennsylvania		2021
Fort Mill, South Carolina		2024
Rock Hill, South Carolina		2028
Shafter, California		2029

Third-Party Warehouses
Fort Mill, South Carolina		2020
Moreno Valley, California		2023
Moreno Valley, California		2029
Shafter, California		2020

Schedule of operating lease costs

The following table presents operating lease costs included in the Condensed Consolidated Statement of Earnings for the three months ended May 4, 2019:



	Three Months Ended
($000)	May 4, 2019
Operating lease cost ¹	$	155,566
Variable lease costs ²	42,914
Net lease cost ³	$	198,480

¹Net of sublease income which was immaterial.
²Includes property and rent taxes, insurance, common area maintenance, and percentage rent.
³Excludes short-term lease costs which were immaterial.

Schedule of maturity of operating lease liabilities

The maturity of operating lease liabilities, including the ground lease related to the New York buying office as of May 4, 2019, are as follows:



($000)	Operating Leases ¹
2020	$	581,014
2021	604,295
2022	523,113
2023	443,164
2024	349,525
Thereafter	1,633,681
Total lease payments	4,134,792
Less: interest	1,083,362
Present value of lease liabilities	$	3,051,430
Less: current operating lease liabilities	536,900
Non-current operating lease liabilities	$	2,514,530

¹ Operating lease payments exclude $258.4 million of minimum lease payments for leases signed that have not yet commenced.

Schedule of aggregate undiscounted future minimum annual lease payments under leases in accordance with ASC 840



($000)	Total operating leases
2019	$	555,812
2020	580,712
2021	499,678
2022	424,695
2023	339,340
Thereafter	1,575,673
Total minimum lease payments	$	3,975,910

Debt (Tables)

3 Months Ended

May 04, 2019

Debt Disclosure [Abstract]

Schedule of long-term debt

Unsecured senior debt, net of unamortized discounts and debt issuance costs, consisted of the following:



($000)	May 4, 2019		February 2, 2019		May 5, 2018
6.38% Series A Senior Notes due 2018	$	—	$	—	$	84,981
6.53% Series B Senior Notes due 2021	64,947		64,942		64,927
3.375% Senior Notes due 2024	247,605		247,498		247,178
Total long-term debt	$	312,552	$	312,440	$	397,086
Less: current portion	—		—		84,981
Total due beyond one year	$	312,552	$	312,440	$	312,105

Interest income and interest expense disclosure

The table below shows the components of interest expense and income for the three month periods ended May 4, 2019 and May 5, 2018:



	Three Months Ended
($000)	May 4, 2019			May 5, 2018
Interest expense on long-term debt	$	3,283		$	4,645
Other interest expense	313			302
Capitalized interest	(765		)	(498		)
Interest income	(8,466		)	(4,952		)
Interest income, net	$	(5,635	)	$	(503	)

- Definition

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://fasb.org/us-gaap/role/ref/legacyRef
-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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
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-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-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 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
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-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended						3 Months Ended
	May 31, 2019	Mar. 31, 2019	Nov. 30, 2018	Aug. 31, 2018	May 30, 2018	Mar. 31, 2018	May 04, 2019	May 05, 2018	Feb. 03, 2019	Feb. 02, 2019
Summary of Significant Accounting Policies [Line Items]
Lease liabilities							$ 3,051,430
Operating lease, right-of-use asset							$ 2,942,980	$ 0		$ 0
Cash dividends declared per share (in dollars per share)		$ 0.2550	$ 0.225	$ 0.225	$ 0.225	$ 0.2250	$ 0.255	$ 0.225
Property, Plant and Equipment
Summary of Significant Accounting Policies [Line Items]
Property and equipment purchased but not yet paid							$ 14,800	$ 11,100
Accounting Standards Update 2016-02
Summary of Significant Accounting Policies [Line Items]
Lease liabilities									$ 2,900,000
Operating lease, right-of-use asset									2,900,000
Cumulative-effect adjustment									19,614
Subsequent Event
Summary of Significant Accounting Policies [Line Items]
Cash dividends declared per share (in dollars per share)	$ 0.2550
Retained earnings \| Accounting Standards Update 2016-02
Summary of Significant Accounting Policies [Line Items]
Cumulative-effect adjustment									$ 19,614

Summary of Significant Accounting Policies (Disaggregation of Revenue) (Details)	3 Months Ended
	May 04, 2019	May 05, 2018
Disaggregation of Revenue [Line Items]
Revenue by merchandise category (percentage)	100.00%	100.00%
Ladies
Disaggregation of Revenue [Line Items]
Revenue by merchandise category (percentage)	27.00%	28.00%
Home Accents and Bed and Bath
Disaggregation of Revenue [Line Items]
Revenue by merchandise category (percentage)	25.00%	25.00%
Shoes
Disaggregation of Revenue [Line Items]
Revenue by merchandise category (percentage)	14.00%	14.00%
Accessories, Lingerie, Fine Jewelry, and Fragrances
Disaggregation of Revenue [Line Items]
Revenue by merchandise category (percentage)	13.00%	13.00%
Men's
Disaggregation of Revenue [Line Items]
Revenue by merchandise category (percentage)	13.00%	12.00%
Children's
Disaggregation of Revenue [Line Items]
Revenue by merchandise category (percentage)	8.00%	8.00%

Summary of Significant Accounting Policies (Restricted Cash Reconciliation) (Details) - USD ($) $ in Thousands	May 04, 2019	Feb. 02, 2019	May 05, 2018	Feb. 03, 2018
Accounting Policies [Abstract]
Cash and cash equivalents	$ 1,366,592	$ 1,412,912	$ 1,302,836
Restricted cash and cash equivalents included in:
Prepaid expenses and other	11,867	11,402	8,900
Other long-term assets	54,058	53,765	53,402
Total restricted cash and cash equivalents	65,925	65,167	62,302
Total cash, cash equivalents and restricted cash and equivalents	$ 1,432,517	$ 1,478,079	$ 1,365,138	$ 1,353,272

Summary of Significant Accounting Policies (Restricted Cash, Cash Equivalents and Investments) (Details) - USD ($) $ in Thousands	May 04, 2019	Feb. 02, 2019	May 05, 2018
Accounting Policies [Abstract]
Prepaid expenses and other	$ 0	$ 400	$ 2,822
Total restricted investments	$ 0	$ 400	$ 2,822

Fair Value Measurements - Balance Sheet Items (Details) - USD ($) $ in Thousands	May 04, 2019	Feb. 02, 2019	May 05, 2018
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents (Level 1)	$ 1,366,592	$ 1,412,912	$ 1,302,836
Restricted cash and cash equivalents (Level 1)	65,925	65,167	62,302
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments (Level 2)	8	125	709
Restricted investments (Level 2)	$ 0	$ 400	$ 2,822

Fair Value Measurements - Underlying Asset Value (Details) - USD ($) $ in Thousands	May 04, 2019	Feb. 02, 2019	May 05, 2018
Investment [Line Items]
Underlying assets in non-qualified deferred compensation program	$ 138,411	$ 124,558	$ 128,412
Level 1
Investment [Line Items]
Underlying assets in non-qualified deferred compensation program	127,785	114,181	112,073
Level 2
Investment [Line Items]
Underlying assets in non-qualified deferred compensation program	$ 10,626	$ 10,377	$ 16,339

Stock-Based Compensation (Recognized Stock-Based Compensation) (Details) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 19,689	$ 23,760
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	9,449	11,508
Performance awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	9,304	11,424
Employee stock purchase plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 936	$ 828

Stock-Based Compensation (Total Stock-Based Compensation Recognized In The Consolidated Statements Of Earnings) (Details) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 19,689	$ 23,760
Cost of goods sold
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	13,122	11,036
Selling, general and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 6,567	$ 12,724

Stock-Based Compensation (Narrative) (Details) - USD ($)	3 Months Ended
	May 04, 2019	May 05, 2018	Feb. 02, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefit related to stock-based compensation	$ 3,700,000	$ 4,900,000
Plan participant's annual percentage ceiling for ESPP (up to)	10.00%
Plan participant's annual dollar amount ceiling for ESPP (up to)	$ 25,000
Purchase price for shares under the ESPP (as a percentage)	85.00%
Discount rate under the ESPP (as a percentage)	15.00%
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Treasury shares purchased for tax withholding and available for reissuance (in shares)	555,997	583,228
Unvested restricted stock (in shares)	4,391,000		5,130,000
Unamortized compensation expense	$ 178,700,000	$ 162,500,000
Unamortized compensation expense, remaining weighted-average period of recognition (in years)	2 years 6 months	2 years 2 months 12 days
Minimum \| Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock vesting period (in years)	3 years
Minimum \| Performance Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period (in years)	2 years
Maximum \| Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock vesting period (in years)	5 years
Maximum \| Performance Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period (in years)	3 years

Stock-Based Compensation (Unvested Restricted Stock Activity) (Details) - Restricted stock shares in Thousands	3 Months Ended
	May 04, 2019 $ / shares shares
Number of shares
Beginning Balance (in shares) \| shares	5,130
Awarded (in shares) \| shares	975
Released (in shares) \| shares	(1,429)
Forfeited (in shares) \| shares	(285)
Ending Balance (in shares) \| shares	4,391
Weighted average grant date fair value
Beginning Balance (in dollars per share) \| $ / shares	$ 62.50
Awarded (in dollars per share) \| $ / shares	90.78
Released (in dollars per share) \| $ / shares	51.12
Forfeited (in dollars per share) \| $ / shares	69.97
Ending Balance (in dollars per share) \| $ / shares	$ 72.00

Earnings Per Share - Narrative (Details) - shares	3 Months Ended
Earnings Per Share - Narrative (Details) - shares	May 04, 2019	May 05, 2018
Earnings Per Share [Abstract]
Weighted average shares excluded from calculation of diluted EPS (in shares)	700	19,300

Earnings Per Share - Schedule of Basic and Diluted EPS Computations (Details) - $ / shares shares in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Earnings Per Share [Abstract]
Basic EPS (in shares)	363,085	373,797
Basic EPS (in dollars per share)	$ 1.16	$ 1.12
Effect of dilutive common stock equivalents, (in shares)	2,827	3,265
Effect of dilutive common stock equivalents, (in dollars per share)	$ (0.01)	$ (0.01)
Diluted EPS (in shares)	365,912	377,062
Diluted EPS (in dollars per share)	$ 1.15	$ 1.11

- Definition

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

+ References

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+ Details

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

Leases (Narrative) (Details) ft² in Thousands, $ in Millions	3 Months Ended
	May 04, 2019 USD ($) ft² warehouse stores renewal_option
Lessee, Lease, Description [Line Items]
Number of real estate properties \| stores	2
Operating lease, contract renewal option, term	5 years
Operating lease, weighted average remaining lease term	10 years 10 months 24 days
Operating lease, weighted average discount rate percentage	3.60%
Operating lease, weighted average remaining lease term, excluding ground leases	6 years 1 month 6 days
Operating lease, weighted average discount rate excluding ground leases, percentage	0.033
Cash payments made for operating leases \| $	$ 148.2
Operating lease assets and liabilities, net \| $	$ 207.8
Los Angeles
Lessee, Lease, Description [Line Items]
Office space leased by company, square footage \| ft²	103
Boston
Lessee, Lease, Description [Line Items]
Office space leased by company, square footage \| ft²	5
Minimum
Lessee, Lease, Description [Line Items]
Number of options to renew store lease for five year period \| renewal_option	3
Operating lease, contract terms	3 years
Maximum
Lessee, Lease, Description [Line Items]
Number of options to renew store lease for five year period \| renewal_option	4
Operating lease, contract terms	10 years
Distribution Centers and Warehouses
Lessee, Lease, Description [Line Items]
Number of warehouses leased \| warehouse	5
Affiliated Entity \| Distribution Centers and Warehouses
Lessee, Lease, Description [Line Items]
Number of warehouses leased \| warehouse	4

Leases (Lease Cost) (Details) $ in Thousands	3 Months Ended
Leases (Lease Cost) (Details) $ in Thousands	May 04, 2019 USD ($)
Leases [Abstract]
Operating lease cost	$ 155,566
Variable lease cost	42,914
Net lease cost 3	$ 198,480

Leases (Future Operating Lease Maturity) (Details) - USD ($) $ in Thousands	May 04, 2019	Feb. 02, 2019	May 05, 2018
Leases [Abstract]
2020	$ 581,014
2021	604,295
2022	523,113
2023	443,164
2024	349,525
Thereafter	1,633,681
Total lease payments	4,134,792
Less: interest	1,083,362
Present value of lease liabilities	3,051,430
Less: current operating lease liabilities	536,900	$ 0	$ 0
Non-current operating lease liabilities	2,514,530	$ 0	$ 0
Amount of legally binding minimum lease payments for leases singed that have not yet commenced	$ 258,400

Leases (Annual Rent Payments in Accordance with ASC 840) (Details) $ in Thousands	Feb. 02, 2019 USD ($)
Leases [Abstract]
2019	$ 555,812
2020	580,712
2021	499,678
2022	424,695
2023	339,340
Thereafter	1,575,673
Total minimum lease payments	$ 3,975,910

Debt - Unsecured Senior Debt, Net of Unamortized Discounts and Issuance Costs (Details) - USD ($) $ in Thousands	May 04, 2019	Feb. 02, 2019	May 05, 2018
Debt Instrument [Line Items]
Long-term debt	$ 312,552	$ 312,440	$ 397,086
Less: current portion	0	0	84,981
Total due beyond one year	$ 312,552	312,440	312,105
6.38% Series A Senior Notes due 2018
Debt Instrument [Line Items]
Stated interest rate (percentage)	6.38%
Long-term debt	$ 0	0	84,981
6.53% Series B Senior Notes due 2021
Debt Instrument [Line Items]
Stated interest rate (percentage)	6.53%
Long-term debt	$ 64,947	64,942	64,927
3.375% Senior Notes due 2024
Debt Instrument [Line Items]
Stated interest rate (percentage)	3.375%
Long-term debt	$ 247,605	$ 247,498	$ 247,178

Debt - Narrative (Details) - USD ($)		3 Months Ended
Debt - Narrative (Details) - USD ($)	Dec. 13, 2018	May 04, 2019	Feb. 02, 2019	May 05, 2018
Debt Instrument [Line Items]
Total unamortized discount and debt issuance costs		$ 2,400,000	$ 2,600,000	$ 2,900,000
6.53% Series B Senior Notes due 2021
Debt Instrument [Line Items]
Unsecured senior notes interest rate		6.53%
Unsecured Revolving Credit Facility
Debt Instrument [Line Items]
Current borrowing capacity		$ 600,000,000
Sublimit for issuance of standby letters of credit		300,000,000
Maximum borrowing capacity (up to)		$ 200,000,000
Basis points margin over LIBOR		1.00%
Borrowings or standby letters of credit		$ 0
Level 1
Debt Instrument [Line Items]
Unsecured senior notes estimated fair value		$ 318,000,000	$ 316,000,000	$ 407,000,000
3.375% Senior Notes due 2024
Debt Instrument [Line Items]
Unsecured senior notes interest rate		3.375%
Debt instrument		$ 250,000,000
6.53% Series B Senior Notes due 2021 \| 6.53% Series B Senior Notes due 2021
Debt Instrument [Line Items]
Unsecured senior notes interest rate		6.53%
Debt instrument		$ 65,000,000
6.38% Series A Senior Notes due 2018
Debt Instrument [Line Items]
Unsecured senior notes interest rate	6.38%
Extinguishment of debt	$ 85,000,000

Debt - Interest Expense, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Debt Disclosure [Abstract]
Interest expense on long-term debt	$ 3,283	$ 4,645
Other interest expense	313	302
Capitalized interest	(765)	(498)
Interest income	(8,466)	(4,952)
Interest income, net	$ (5,635)	$ (503)

Taxes on Earnings (Details) - USD ($) $ in Millions	2 Months Ended	3 Months Ended
Taxes on Earnings (Details) - USD ($) $ in Millions	Jan. 02, 2019	May 04, 2019	Feb. 02, 2019	May 05, 2018
Income Tax Contingency [Line Items]
Unrecognized tax benefits		$ 83.5	$ 78.8	$ 125.6
Income tax penalties and interest accrued		13.7	$ 13.0	$ 24.0
Amount recognized by Company related to decrease in reserves for tax positions in prior period	$ 52.4
Amount recognized by Company related to decrease in reserves for tax positions in prior period, portion attributable to related reserves for interest and penalties	$ 12.6
Impact of recognizing taxes and interest related to unrecognized tax benefits		66.7
Unrecognized tax benefits reduction resulting from lapse of applicable statute of limitations (up to)		$ 9.3
Maximum \| Internal Revenue Service
Income Tax Contingency [Line Items]
Open tax year		2018
Maximum \| State
Income Tax Contingency [Line Items]
Open tax year		2018
Minimum \| Internal Revenue Service
Income Tax Contingency [Line Items]
Open tax year		2015
Minimum \| State
Income Tax Contingency [Line Items]
Open tax year		2014

Label	Element	Value
Accounting Standards Update 2014-09 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 19,884,000
Accounting Standards Update 2014-09 [Member] \| Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 19,884,000