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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 04, 2018
Feb. 03, 2018
Jul. 29, 2017
Current assets      
Cash and cash equivalents $ 193 $ 182 $ 212
Restricted cash 248 154 230
Accounts receivable [1] 327 343 370
Merchandise inventories 2,714 2,798 3,433
Prepaid expenses and other current assets [2] 386 346 334
Total current assets 3,868 3,823 4,579
Property and equipment (net of accumulated depreciation and amortization of $2,276, $2,676 and $2,381) 1,444 1,729 1,969
Goodwill 269 269 269
Trade names and other intangible assets 1,090 1,168 1,249
Other assets 266 284 301
TOTAL ASSETS 6,937 7,273 8,367
Current liabilities      
Short-term borrowings [3] 1,254 915 546
Current portion of long-term debt and capitalized lease obligations [4] 196 968 1,052
Merchandise payables 487 576 670
Other current liabilities [5] 1,474 1,575 1,700
Unearned revenues 652 641 704
Other taxes 214 247 302
Total current liabilities 4,277 4,922 4,974
Long-term debt and capitalized lease obligations [6] 3,504 2,249 2,405
Pension and postretirement benefits 1,164 1,619 1,731
Deferred gain on sale-leaseback 305 362 455
Sale-leaseback financing obligation 347 247 230
Unearned revenues 853 539 593
Other long-term liabilities 770 935 992
Long-term deferred tax liabilities 119 126 643
Total Liabilities 11,339 10,999 12,023
Commitments and contingencies
DEFICIT      
Total Deficit (4,402) (3,726) (3,656)
TOTAL LIABILITIES AND DEFICIT $ 6,937 $ 7,273 $ 8,367
[1] Includes $22 million, $25 million and $28 million of net amounts receivable from SHO, and $1 million, $4 million and $1 million of amounts receivable from Seritage at August 4, 2018, July 29, 2017 and February 3, 2018, respectively. Also includes $1 million of net amounts receivable from Lands' End at July 29, 2017 and February 3, 2018.
[2] Includes $6 million prepaid rent to Seritage at both August 4, 2018 and February 3, 2018.
[3] Includes balances held by related parties of $525 million, $245 million and $645 million at August 4, 2018, July 29, 2017 and February 3, 2018, respectively, related to our Line of Credit Loans for all periods presented and also our Incremental Loans at February 3, 2018. See Note 2 for defined terms and Notes 2 and 11 for further information.
[4] Includes balances held by related parties of $131 million and $146 million at July 29, 2017 and February 3, 2018, respectively, related to our 2016 Secured Loan Facility for both periods and also our Old Senior Secured Notes at February 3, 2018. See Note 2 for defined terms and Notes 2 and 11 for further information.
[5] Includes $9 million and $24 million of amounts payable to Seritage at August 4, 2018 and July 29, 2017, respectively.
[6] Includes balances held by related parties of $2.3 billion, $1.6 billion and $1.5 billion at August 4, 2018, July 29, 2017 and February 3, 2018, respectively, related to our Subsidiary Notes, Old Senior Unsecured Notes, Second Lien Term Loan, and 2016 Term Loan for all periods presented, our Consolidated Secured Loan Facility, FILO Loan, Mezzanine Loan, Additional Mezzanine Loans, New Senior Secured Notes and New Senior Unsecured Notes at August 4, 2018, our Term Loan Facility at August 4, 2018 and February 3, 2018, our 2017 Secured Loan Facility at July 29, 2017 and February 3, 2018, and our Old Senior Secured Notes at July 29, 2017. See Note 2 for defined terms and Notes 2 and Note 11 for further information.