Annual report pursuant to Section 13 and 15(d)

Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities

12 Months Ended

Jan. 31, 2015

Accounts Payable and Accrued Liabilities, Current [Abstract]

Accounts Payable and Accrued Liabilities



	January 31, 2015		February 1, 2014
	(millions)
Accounts payable	$	833	$	746
Gift cards and customer award certificates	907		840
Accrued wages and vacation	193		190
Current portion of post employment and postretirement benefits	190		110
Taxes other than income taxes	187		157
Lease related liabilities	155		153
Current portion of workers’ compensation and general liability reserves	128		131
Accrued interest	93		89
Allowance for future sales returns	93		85
Severance and relocation	46		43
Other	284		266
	$	3,109	$	2,810

Adjustments to the allowance for future sales returns, which amounted to charges of $8 million, $4 million and $5 million for 2014, 2013 and 2012, respectively, are reflected in cost of sales.

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



	2014			2013			2012
	(millions)
Balance, beginning of year	$	497		$	497		$	493
Charged to costs and expenses	160			147			157
Payments, net of recoveries	(152		)	(147		)	(153		)
Balance, end of year	$	505		$	497		$	497

The non-current portion of workers’ compensation and general liability reserves is included in other liabilities on the Consolidated Balance Sheets. At January 31, 2015 and February 1, 2014, workers’ compensation and general liability reserves included $111 million and $107 million, respectively, of liabilities which are covered by deposits and receivables included in current assets on the Consolidated Balance Sheets.