NOTE 12 — SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION

Receivables

Receivables as of January 29, 2012 and January 30, 2011 consisted of the following (amounts in millions):


	January 29, 2012		January 30, 2011
Trade receivables, net of allowance for doubtful accounts	$	919	$	837
Vendor rebate receivables		71		60
Other receivables		12		10

Total receivables, net	$	1,002	$	907

Property and Equipment

Property and equipment as of January 29, 2012 and January 30, 2011 consisted of the following (amounts in millions):


	January 29, 2012		January 30, 2011
Land	$	42	$	45
Buildings and improvements		206		214
Transportation equipment		44		20
Furniture, fixtures and equipment		298		288
Capitalized software		185		177
Construction in progress		40		12

		815		756
Less accumulated depreciation & amortization		(417)		(366)

Property and equipment, net	$	398	$	390

Other Current Liabilities

Other current liabilities as of January 29, 2012 and January 30, 2011 consisted of the following (amounts in millions):


	January 29, 2012		January 30, 2011
Accrued interest		$ 233		$ 131
Accrued non-income taxes		31		28
Branch closure & consolidation reserves		16		18
Other		98		95

Total other current liabilities		$ 378		$ 272

Significant Non-Cash Transactions

Interest payments on the 13.5% Senior Subordinated Notes are due each March 1^st and September 1^st through maturity except that the first eight payment periods through September 2011 were payments in kind (“PIK”) and therefore increased the balance of the outstanding indebtedness rather than paid in cash. The Company made PIK interest payments during fiscal 2011, fiscal 2010, and fiscal 2009 of $223 million, $196 million, and $172 million, respectively, increasing the outstanding balance of the 13.5% Senior Subordinated Notes.

Supplemental Cash Flow Information

Cash paid for interest in fiscal 2011, fiscal 2010, and fiscal 2009 was approximately $356 million, $363 million, and $366 million, respectively. During fiscal 2010, as a result of recent tax legislation regarding net operating loss carry-back periods, the Company filed for and received a cash refund of $220 million from the Internal Revenue Service for income tax previously paid. During fiscal 2009, the Company received a cash refund of $134 million from the Internal Revenue Service for income tax previously paid. Cash paid for income taxes, net of refunds, in fiscal 2011, fiscal 2010, and fiscal 2009 was approximately $5 million net payment, $216 million net refund, and $127 million net refund, respectively.