Annual report pursuant to Section 13 and 15(d)

Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities

12 Months Ended

Feb. 03, 2018

Accounts Payable and Accrued Liabilities, Current [Abstract]

Accounts Payable and Accrued Liabilities



	February 3, 2018		January 28, 2017
	(millions)
Accounts payable	$	735	$	754
Gift cards and customer rewards	967		970
Accrued wages and vacation	229		215
Current portion of post employment and postretirement benefits	194		208
Taxes other than income taxes	157		166
Lease related liabilities	189		174
Current portion of workers’ compensation and general liability reserves	108		119
Restructuring accruals, including severance	93		166
Allowance for future sales returns	90		96
Accrued interest	70		74
Deferred real estate gains	65		340
Other	270		281
	$	3,167	$	3,563

Adjustments to the allowance for future sales returns, which amounted to credits of $6 million and $16 million for 2017 and 2016, respectively, and a charge of $19 million for 2015 are reflected in cost of sales.

Changes in workers’ compensation and general liability reserves, including the current portion, are as follows:



	2017			2016			2015
	(millions)
Balance, beginning of year	$	503		$	508		$	505
Charged to costs and expenses	144			145			159
Payments, net of recoveries	(150		)	(150		)	(156		)
Balance, end of year	$	497		$	503		$	508

The non-current portion of workers’ compensation and general liability reserves is included in other liabilities on the Consolidated Balance Sheets. At February 3, 2018 and January 28, 2017, workers’ compensation and general liability reserves included $112 million of liabilities which are covered by deposits and receivables included in current assets on the Consolidated Balance Sheets.