Annual report pursuant to Section 13 and 15(d)

Accounts Payable and Accrued Liabilities

v2.4.0.6
Accounts Payable and Accrued Liabilities
12 Months Ended
Feb. 02, 2013
Accounts Payable and Accrued Liabilities, Current [Abstract]  
Accounts Payable and Accrued Liabilities
Accounts Payable and Accrued Liabilities
 
 
February 2,
2013
 
January 28,
2012
 
(millions)
Accounts payable
$
625

 
$
669

Gift cards and customer award certificates
801

 
725

Accrued wages and vacation
226

 
317

Taxes other than income taxes
195

 
190

Lease related liabilities
145

 
164

Current portion of workers’ compensation and general liability reserves
138

 
136

Current portion of post employment and postretirement benefits
100

 
94

Allowance for future sales returns
81

 
76

Accrued interest
78

 
86

Dividends payable

 
83

Severance and relocation
3

 
4

Other
218

 
244

 
$
2,610

 
$
2,788



Adjustments to the allowance for future sales returns, which amounted to charges of $5 million, $9 million and $2 million for 2012, 2011 and 2010, respectively, are reflected in cost of sales.
Changes in workers’ compensation and general liability reserves, including the current portion, are as follows:
 
 
2012
 
2011
 
2010
 
(millions)
Balance, beginning of year
$
493

 
$
488

 
$
478

Charged to costs and expenses
157

 
144

 
148

Payments, net of recoveries
(153
)
 
(139
)
 
(138
)
Balance, end of year
$
497

 
$
493

 
$
488



The non-current portion of workers’ compensation and general liability reserves is included in other liabilities on the Consolidated Balance Sheets. At February 2, 2013 and January 28, 2012, workers’ compensation and general liability reserves included $103 million and $98 million, respectively, of liabilities which are covered by deposits and receivables included in current assets on the Consolidated Balance Sheets.