Nordstrom 2008 Annual Report Download - page 61

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Nordstrom, Inc. and subsidiaries 61
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:
January 31, 2009 $73 $173 $108 (B) $138
February 2, 2008 17 86 (A) 30 (B) 73
February 3, 2007 18 17 18 (B) 17
Reserves
Allowance for sales return, net:
Year ended:
January 31, 2009 $56 $1,051 $1,037 (C) $70
February 2, 2008 55 1,023 1,022 (C) 56
February 3, 2007 51 894 890 (C) 55
(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 other income and expense, 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.