Annual report pursuant to Section 13 and 15(d)

Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities

12 Months Ended

Jan. 30, 2021

Accounts Payable And Accrued Liabilities Current [Abstract]

Accounts Payable and Accrued Liabilities

	January 30,		February 1,
	2021		2020
	(millions)
Accounts payable	$	878	$	977
Gift cards and customer rewards		616		839
Lease related liabilities		285		399
Taxes other than income taxes		265		145
Accrued wages and vacation		201		194
Allowance for future sales returns		159		213
Current portion of post employment and postretirement benefits		142		180
Current portion of workers’ compensation and general liability reserves		97		105
Accrued interest		54		41
Restructuring accruals, including severance		27		113
Other		203		242
	$	2,927	$	3,448

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

	2020			2019			2018
	(millions)
Balance, beginning of year	$	462		$	487		$	497
Charged to costs and expenses		88			120			130
Payments, net of recoveries		(134	)		(145	)		(140	)
Balance, end of year	$	416		$	462		$	487

The non-current portion of workers’ compensation and general liability reserves is included in other liabilities on the Consolidated Balance Sheets. At January 30, 2021 and February 1, 2020, workers’ compensation and general liability reserves included $106 million and $110 million, respectively, which are covered by deposits and receivables included in current assets on the Consolidated Balance Sheets.