Annual report pursuant to Section 13 and 15(d)

Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities

12 Months Ended

Jan. 28, 2012

Accounts Payable and Accrued Liabilities, Current [Abstract]

Accounts Payable and Accrued Liabilities



	January 28, 2012		January 29, 2011
	(millions)
Accounts payable	$	669	$	559
Gift cards and customer award certificates	725		654
Accrued wages and vacation	317		311
Taxes other than income taxes	186		195
Lease related liabilities	164		168
Current portion of workers’ compensation and general liability reserves	136		144
Current portion of post employment and postretirement benefits	94		88
Accrued interest	86		98
Dividends payable	83		—
Allowance for future sales returns	76		67
Severance and relocation	4		1
Other	248		240
	$	2,788	$	2,525

Adjustments to the allowance for future sales returns, which amounted to a charge of $9 million for 2011, a charge of $2 million for 2010, and a charge of $6 million for 2009 are reflected in cost of sales.

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



	2011			2010			2009
	(millions)
Balance, beginning of year	$	488		$	478		$	495
Charged to costs and expenses	144			148			124
Payments, net of recoveries	(139		)	(138		)	(141		)
Balance, end of year	$	493		$	488		$	478

The non-current portion of workers’ compensation and general liability reserves is included in other liabilities on the Consolidated Balance Sheets. At January 28, 2012 and January 29, 2011, workers’ compensation and general liability reserves included $98 million and $93 million, respectively, of liabilities which are covered by deposits and receivables included in current assets on the Consolidated Balance Sheets.