Accounts Payable and Accrued Liabilities

12 Months Ended

Feb. 01, 2025

Accounts Payable and Accrued Liabilities, Current [Abstract]

Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities

	February 1, 2025		February 3, 2024
	(millions)
Accounts payable	$	853	$	747
Property related liabilities	446		424
Gift cards and customer rewards	353		384
Accrued wages and vacation	233		177
Current portion of post employment and postretirement benefits	156		163
Allowance for future sales returns	114		136
Taxes other than income taxes	110		136
Current portion of workers' compensation and general liability reserves	87		85
Accrued interest	48		53
Restructuring accruals, including severance	31		47
Other	194		219
	$	2,625	$	2,571

Changes in workers' compensation and general liability reserves, including the non-current portion, are as follows:

	2024		2023		2022
	(millions)
Balance, beginning of year	$	375	$	378	$	387
Charged to costs and expenses	159		148		123
Payments, net of recoveries	(154)		(151)		(132)
Balance, end of year	$	379	$	375	$	378

The non-current portion of workers' compensation and general liability reserves is included in other liabilities on the Consolidated Balance Sheets. At February 1, 2025 and February 3, 2024, workers' compensation and general liability reserves of $105 million and $106 million, respectively, are covered by deposits and receivables included in current assets on the Consolidated Balance Sheets.