Accounts Receivable (Tables)

3 Months Ended

May 03, 2014

Accounts Receivable, Net [Abstract]

Components Of Accounts Receivable

The components of accounts receivable are as follows:

	May 3, 2014			February 1, 2014			May 4, 2013
Credit card receivables:
Nordstrom VISA credit card receivables	$	1,301		$	1,316		$	1,309
Nordstrom private label card receivables	839			868			770
Total credit card receivables	2,140			2,184			2,079
Allowance for credit losses	(80		)	(80		)	(85		)
Credit card receivables, net	2,060			2,104			1,994
Other accounts receivable1	107			73			93
Accounts receivable, net	$	2,167		$	2,177		$	2,087

¹ Other accounts receivable consist primarily of third party credit and debit card receivables.

Activity In The Allowance For Credit Losses

Activity in the allowance for credit losses is as follows:

	Quarter Ended
	May 3, 2014			May 4, 2013
Allowance at beginning of period	$	80		$	85
Bad debt expense	15			14
Write-offs	(19		)	(21		)
Recoveries	4			7
Allowance at end of period	$	80		$	85

Receivables Classified As TDRs

Receivables classified as TDRs are as follows:

	May 3, 2014			February 1, 2014			May 4, 2013
Credit card receivables classified as TDRs	$	40		$	43		$	51
Percent of total credit card receivables classified as TDRs	1.9		%	2.0		%	2.4		%

Aging And Delinquency Status Of Credit Card Receivables

The following table illustrates the aging and delinquency status of our credit card receivables:

	May 3, 2014				February 1, 2014				May 4, 2013
	Balance		% of total		Balance		% of total		Balance		% of total
Current	$	2,036	95.1	%	$	2,046	93.7	%	$	1,974	95.0	%
1 – 29 days delinquent	70		3.3	%	99		4.5	%	69		3.3	%
30 days or more delinquent:
30 – 59 days delinquent	12		0.6	%	16		0.7	%	13		0.6	%
60 – 89 days delinquent	9		0.4	%	9		0.4	%	9		0.4	%
90 days or more delinquent	13		0.6	%	14		0.7	%	14		0.7	%
Total 30 days or more delinquent	34		1.6	%	39		1.8	%	36		1.7	%
Total credit card receivables	$	2,140	100.0	%	$	2,184	100.0	%	$	2,079	100.0	%
Receivables not accruing finance charges	$	11			$	13			$	10
Receivables 90 days or more delinquent and still accruing finance charges	$	7			$	8			$	8

Distribution Of Credit Card Receivables Across FICO Score Ranges

The following table illustrates the distribution of our credit card receivables across FICO score ranges:

	May 3, 2014				February 1, 2014				May 4, 2013
FICO Score Range1	Balance		% of total		Balance		% of total		Balance		% of total
801+	$	366	17.1	%	$	313	14.3	%	$	347	16.7	%
660 – 800	1,326		62.0	%	1,393		63.8	%	1,299		62.5	%
001 – 659	358		16.8	%	379		17.4	%	350		16.8	%
Other2	90		4.1	%	99		4.5	%	83		4.0	%
Total credit card receivables	$	2,140	100.0	%	$	2,184	100.0	%	$	2,079	100.0	%

¹ Credit scores for our credit cardholders are updated at least every 60 days for active accounts and every 90 days for inactive accounts. Amounts listed in the table reflect the most recently obtained credit scores as of the dates indicated.

² Other consists of amounts not yet posted to customers' accounts and receivables from customers for whom FICO scores are temporarily unavailable.