The Gap 2013 Annual Report Download - page 73
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49
Other Long-Term Assets
Other long-term assets consist of the following:
($ in millions) February 1,
2014 February 2,
2013
Long-term income tax-related assets $ 185 $ 244
Goodwill 180 184
Trade names 92 92
Deferred compensation plan assets 37 27
Lease rights, key money, and favorable lease assets, net of accumulated
amortization of $145 and $144 32 31
Restricted cash 14 11
Other indefinite-lived intangible assets 6 6
Derivative financial instruments 6 2
Intangible assets subject to amortization, net of accumulated
amortization of $17 and $15 1 3
Other 108 119
Other long-term assets $ 661 $ 719
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consist of the following:
($ in millions) February 1,
2014 February 2,
2013
Accrued compensation and benefits $ 327 $ 369
Unredeemed gift cards, gift certificates, and credit vouchers, net of
breakage 238 232
Short-term deferred rent and tenant allowances 93 93
Insurance liabilities 69 72
Accrued advertising 42 26
Credit card reward points and certificates liability 29 18
Sales return allowance 26 27
Derivative financial instruments 14 14
Short-term asset retirement obligations 8 6
Short-term lease loss reserve — 5
Other 296 230
Accrued expenses and other current liabilities $ 1,142 $ 1,092
The activity related to short-term asset retirement obligations includes adjustments to the asset retirement
obligation balance and fluctuations in foreign currency exchange rates. The activity was not material for fiscal
2013 or 2012.
No other individual items accounted for greater than five percent of total current liabilities as of February 1, 2014
or February 2, 2013.