Nordstrom 2007 Annual Report Download - page 73

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Nordstrom, Inc. and subsidiaries 65
NORDSTROM, INC. AND SUBSIDIARIES
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
(Dollars in millions)
Column A Column B Column C Column D Column E
Additions
Description
Balance at beginning
of period
Charged to costs
and expenses Deductions
Balance at end
of period
Deducted from related consolidated balance sheet account
Allowance for doubtful accounts:
Year ended:
February 2, 2008 $17 $86 (A) $30 (B) $73
February 3, 2007 18 17 18 (B) 17
January 28, 2006 19 21 22 (B) 18
Reserves
Allowance for sales return, net:
Year ended:
February 2, 2008 $55 $1,023 $1,022 (C) $56
February 3, 2007 51 894 890 (C) 55
January 28, 2006 50 805 804 (C) 51
(A) These expenses do not include write-offs of $21 related to the one-time transition of our VISA portfolio to on-balance sheet, which were included in Finance charges and other, net.
(B) Deductions consist of write-offs of uncollectible accounts, net of recoveries.
(C) Deductions consist of actual returns offset by the value of the merchandise returned and the sales commission reversed.