HOME DEPOT INC | 2013 | FY | 3

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of February 2, 2014 and February 3, 2013 were as follows (amounts in millions):
 
 
February 2,
2014
 
February 3,
2013
Assets:
 
 
 
Deferred compensation
$
252

 
$
265

Accrued self-insurance liabilities
447

 
459

State income taxes
117

 
97

Non-deductible reserves
275

 
285

Capital loss carryover
104

 
104

Net operating losses
66

 
71

Impairment of investment
120

 
120

Other
281

 
174

Total Deferred Tax Assets
1,662

 
1,575

Valuation Allowance
(26
)
 
(27
)
Total Deferred Tax Assets after Valuation Allowance
1,636

 
1,548

 
 
 
 
Liabilities:
 
 
 
Inventory
(97
)
 
(92
)
Property and equipment
(1,236
)
 
(1,194
)
Goodwill and other intangibles
(150
)
 
(112
)
Other
(138
)
 
(128
)
Total Deferred Tax Liabilities
(1,621
)
 
(1,526
)
Net Deferred Tax Assets
$
15

 
$
22

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