NOTE 7 — SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION

Receivables

Receivables as of April 30, 2017 and January 29, 2017 consisted of the following (amounts in millions):

	April 30, 2017		January 29, 2017
Trade receivables, net of allowance for doubtful accounts	$	940	$	804
Vendor rebate receivables	66		89
Other receivables	9		11

Total receivables, net	$	1,015	$	904

Other Current Liabilities

Other current liabilities as of April 30, 2017 and January 29, 2017 consisted of the following (amounts in millions):

	HD Supply Holdings, Inc.				HD Supply, Inc.
	April 30, 2017		January 29, 2017		April 30, 2017		January 29, 2017
Accrued interest	$	32	$	30	$	32	$	30
Accrued non-income taxes	41		31		41		31
Other	83		96		81		96

Total other current liabilities	$	156	$	157	$	154	$	157

Supplemental Cash Flow Information

Cash paid for interest in the three months ended April 30, 2017 and May 1, 2016 was $44 million and $119 million, respectively. During the three months ended April 30, 2017, the Company paid $4 million of original issue discounts related to the $100 million payment on Term B-1 Loans.

Cash paid for income taxes, net of refunds, in the three months ended April 30, 2017 and May 1, 2016 was approximately $3 million and $1 million, respectively.

Significant Non-Cash Transactions

During the three months ended April 30, 2017, Holdings retired 611,433 shares of its common stock (“Retired Shares”) held as treasury shares by Holdings in the amount of $23 million. All of these shares were repurchased by Holdings pursuant to the publicly announced share repurchase program previously authorized by Holdings’ board of directors. Holdings reinstated the Retired Shares to the status of authorized but unissued shares of common stock, par value $0.01 per share, effective as of the date of retirement. In accordance with ASC 505-30, “Equity-Treasury Stock,” Holdings reversed the $0.01 par value of the Retired Shares and the excess of the cost of the Retired Shares over par value to Retained Earnings.

Build-to-Suit Lease

On February 4, 2016, the Company entered into a build-to-suit arrangement for a leadership development and headquarters facility in Atlanta, Georgia, which began construction in 2016. The lease commences upon completion of construction which is anticipated to be early 2018.

In accordance with ASC 850, “Leases,” for build-to-suit arrangements where the Company is involved in the construction of structural improvements prior to the commencement of the lease or takes some level of construction risk, the Company is considered the owner of the assets and land during the construction period. Accordingly, during construction activities, the Company recorded a Construction in progress asset within Property and equipment and a corresponding financing liability on the Consolidated Balance Sheet for contributions by the landlord toward construction. Once the construction is completed, if the lease meets certain “sales-leaseback” criteria, the Company will remove the asset and related financial obligation from the Consolidated Balance Sheet and treat the building lease as an operating lease. If upon completion of construction, the lease does not meet the “sales-leaseback” criteria, the leased property will be treated as a capital lease and included in Property and equipment on the Consolidated Balance Sheet. As of April 30, 2017, the Consolidated Balance Sheet includes $26 million of build-to-suit assets in Construction in progress, and the corresponding financial obligation of $26 million in Other long-term liabilities in the Consolidated Balance Sheet.