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
Jan. 28, 2012
Accounts Payable and Accrued Liabilities, Current [Abstract]  
Accounts Payable and Accrued Liabilities
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.