Annual report pursuant to Section 13 and 15(d)

Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities

12 Months Ended

Feb. 01, 2020

Accounts Payable and Accrued Liabilities, Current [Abstract]

Accounts Payable and Accrued Liabilities



	February 1, 2020		February 2, 2019
	(millions)
Accounts payable	$	977	$	983
Gift cards and customer rewards	839		856
Lease related liabilities (a)	399		180
Allowance for future sales returns	213		269
Accrued wages and vacation	194		268
Current portion of post employment and postretirement benefits	180		194
Taxes other than income taxes	145		134
Current portion of workers’ compensation and general liability reserves	105		112
Restructuring accruals, including severance	113		67
Accrued interest	41		51
Deferred real estate gains	—		23
Other	242		229
	$	3,448	$	3,366

(a) As of February 1, 2020, the balance includes the current portion of operating leases and finance leases accounted for under ASU 2016-02. As of February 2, 2019, lease related liabilities were accounted for under ASC Subtopic 840, Leases. See Note 4 for information on leases.

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



	2019			2018			2017
	(millions)
Balance, beginning of year	$	487		$	497		$	503
Charged to costs and expenses	120			130			144
Payments, net of recoveries	(145		)	(140		)	(150		)
Balance, end of year	$	462		$	487		$	497

The non-current portion of workers’ compensation and general liability reserves is included in other liabilities on the Consolidated Balance Sheets. At February 1, 2020 and February 2, 2019, workers’ compensation and general liability reserves included $110 million and $112 million, respectively, which are covered by deposits and receivables included in current assets on the Consolidated Balance Sheets.