Annual report pursuant to Section 13 and 15(d)

Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities

12 Months Ended

Feb. 02, 2013

Accounts Payable and Accrued Liabilities, Current [Abstract]

Accounts Payable and Accrued Liabilities



	February 2, 2013		January 28, 2012
	(millions)
Accounts payable	$	625	$	669
Gift cards and customer award certificates	801		725
Accrued wages and vacation	226		317
Taxes other than income taxes	195		190
Lease related liabilities	145		164
Current portion of workers’ compensation and general liability reserves	138		136
Current portion of post employment and postretirement benefits	100		94
Allowance for future sales returns	81		76
Accrued interest	78		86
Dividends payable	—		83
Severance and relocation	3		4
Other	218		244
	$	2,610	$	2,788

Adjustments to the allowance for future sales returns, which amounted to charges of $5 million, $9 million and $2 million for 2012, 2011 and 2010, respectively, are reflected in cost of sales.

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



	2012			2011			2010
	(millions)
Balance, beginning of year	$	493		$	488		$	478
Charged to costs and expenses	157			144			148
Payments, net of recoveries	(153		)	(139		)	(138		)
Balance, end of year	$	497		$	493		$	488

The non-current portion of workers’ compensation and general liability reserves is included in other liabilities on the Consolidated Balance Sheets. At February 2, 2013 and January 28, 2012, workers’ compensation and general liability reserves included $103 million and $98 million, respectively, of liabilities which are covered by deposits and receivables included in current assets on the Consolidated Balance Sheets.