Annual report pursuant to Section 13 and 15(d)

Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities

12 Months Ended

Feb. 01, 2014

Accounts Payable and Accrued Liabilities, Current [Abstract]

Accounts Payable and Accrued Liabilities



	February 1, 2014		February 2, 2013
	(millions)
Accounts payable	$	746	$	625
Gift cards and customer award certificates	840		801
Accrued wages and vacation	190		226
Taxes other than income taxes	157		195
Lease related liabilities	153		145
Current portion of workers’ compensation and general liability reserves	131		138
Current portion of post employment and postretirement benefits	110		100
Accrued interest	89		78
Allowance for future sales returns	85		81
Severance and relocation	43		3
Other	266		218
	$	2,810	$	2,610

Adjustments to the allowance for future sales returns, which amounted to charges of $4 million, $5 million and $9 million for 2013, 2012 and 2011, respectively, are reflected in cost of sales.

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



	2013			2012			2011
	(millions)
Balance, beginning of year	$	497		$	493		$	488
Charged to costs and expenses	147			157			144
Payments, net of recoveries	(147		)	(153		)	(139		)
Balance, end of year	$	497		$	497		$	493

The non-current portion of workers’ compensation and general liability reserves is included in other liabilities on the Consolidated Balance Sheets. At February 1, 2014 and February 2, 2013, workers’ compensation and general liability reserves included $107 million and $103 million, respectively, of liabilities which are covered by deposits and receivables included in current assets on the Consolidated Balance Sheets.