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.
