Annual report pursuant to Section 13 and 15(d)

Accounts Payable and Accrued Liabilities

v3.7.0.1
Accounts Payable and Accrued Liabilities
12 Months Ended
Jan. 28, 2017
Accounts Payable and Accrued Liabilities, Current [Abstract]  
Accounts Payable and Accrued Liabilities
Accounts Payable and Accrued Liabilities
 
 
January 28,
2017
 
January 30,
2016
 
(millions)
Accounts payable
$
754

 
$
814

Gift cards and customer rewards
970

 
920

Deferred real estate gains
340

 
104

Current portion of post employment and postretirement benefits
208

 
257

Taxes other than income taxes
166

 
184

Lease related liabilities
174

 
165

Accrued wages and vacation
215

 
153

Current portion of workers’ compensation and general liability reserves
119

 
127

Severance and relocation
166

 
123

Allowance for future sales returns
96

 
112

Accrued interest
74

 
88

Other
281

 
286

 
$
3,563

 
$
3,333



Adjustments to the allowance for future sales returns, which amounted to a credit of $16 million, and charges of $19 million and $8 million for 2016, 2015 and 2014, respectively, are reflected in cost of sales.
Changes in workers’ compensation and general liability reserves, including the current portion, are as follows:
 
 
2016
 
2015
 
2014
 
(millions)
Balance, beginning of year
$
508

 
$
505

 
$
497

Charged to costs and expenses
145

 
159

 
160

Payments, net of recoveries
(150
)
 
(156
)
 
(152
)
Balance, end of year
$
503

 
$
508

 
$
505



The non-current portion of workers’ compensation and general liability reserves is included in other liabilities on the Consolidated Balance Sheets. At January 28, 2017 and January 30, 2016, workers’ compensation and general liability reserves included $112 million of liabilities which are covered by deposits and receivables included in current assets on the Consolidated Balance Sheets.