NOTE 7 — SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION

Receivables

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

	October 29, 2017		January 29, 2017
Trade receivables, net of allowance for doubtful accounts	$	614	$	499
Vendor rebate receivables	60		50
Other receivables	15		10

Total receivables, net	$	689	$	559

Other Current Liabilities

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

	HD Supply Holdings, Inc.				HD Supply, Inc.
	October 29, 2017		January 29, 2017		October 29, 2017		January 29, 2017
Accrued interest	$	6	$	30	$	6	$	30
Accrued non-income taxes	37		30		37		30
Unsettled share repurchases	2		—		—		—
Other	116		92		116		92

Total other current liabilities	$	161	$	152	$	159	$	152

Supplemental Cash Flow Information

Cash paid for interest in the nine months ended October 29, 2017 and October 30, 2016 was $148 million and $249 million, respectively. During the nine months ended October 29, 2017, the Company paid $6 million of original issue discounts related to the $100 million payment on the Term B-1 Loans and the Fifth Amendment to the Term Loan Facility.

Cash paid for income taxes, net of refunds, in the nine months ended October 29, 2017 and October 30, 2016 was approximately $27 million and $12 million, respectively. Cash paid for income taxes in the nine months ended October 29, 2017 includes $13 million in taxes paid related to the sale of the Waterworks business.

During the nine months ended October 29, 2017, HDS executed an equity cash distribution of $516 million to Holdings, via HDS’s direct parent, HDS Holding Corporation. The equity distribution from HDS and return of capital recognized by Holdings were eliminated in consolidation of Holdings and its wholly-owned subsidiaries, including HDS.

On June 3, 2017, Holdings’ Board of Directors authorized the Company to enter into a share repurchase program for the repurchase of up to an aggregate amount of $500 million of Holdings’ common stock. As of October 29, 2017, under this plan, Holdings has completed the repurchase of all $500 million of common stock authorized, purchasing 15,940,337 shares of its common stock.

On August 25, 2017, Holdings’ Board of Directors authorized the Company to enter into a new share repurchase program for the repurchase of up to an aggregate amount of $500 million of Holdings’ common stock. As of October 29, 2017, under this plan, Holdings has repurchased 477,991 shares of its common stock for approximately $17 million.

In combination with the 2014 authorized share repurchase plan, Holdings has repurchased a total of 17,453,713 shares of its common stock during the first nine months of fiscal 2017 for $556 million, of which $2 million remain unsettled as of October 29, 2017.

Significant Non-Cash Transactions

During the nine months ended October 29, 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 October 29, 2017, the Consolidated Balance Sheet includes $65 million of build-to-suit assets in Construction in progress, and the corresponding financial obligation of $65 million in Other long-term liabilities in the Consolidated Balance Sheet.