The Gap 2009 Annual Report Download - page 63

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Note 2. Additional Financial Statement Information
Cash and Cash Equivalents and Short-Term Investments
Cash and cash equivalents and short-term investments consist of the following:
($ in millions) January 30,
2010 January 31,
2009
Cash................................................................................ $1,279 $1,195
Domestic commercial paper .......................................................... 590 275
Bankcertificatesofdepositandtimedeposits .......................................... 479 245
Cash equivalents (original maturities of 91 days or less) .................................. 1,069 520
Cashandcashequivalents ............................................................ $2,348 $1,715
U.S. treasury bills .................................................................... $50 $—
Bankcertificatesofdepositandtimedeposits .......................................... 175 —
Short-term investments (original maturities of greater than 91 days) ...................... $ 225 $ —
We did not record any impairment charges on our cash equivalents and short-term investments in fiscal 2009,
2008, or 2007.
Restricted Cash
Restricted cash consists primarily of cash that serves as collateral for our insurance obligations. Restricted cash of
$41 million as of January 31, 2009 also included collateral from our cross-currency interest rate swap, which was
reclassified to cash and cash equivalents in connection with the settlement in fiscal 2009.
Other Current Assets
Other current assets consist of the following:
($ in millions) January 30,
2010 January 31,
2009
Current portion of deferred tax assets .................................................. $193 $166
Prepaidminimumrentandoccupancyexpenses ........................................ 140 136
Prepaidexpenses .................................................................... 119 217
Prepaidcatalog ...................................................................... 13
Other ............................................................................... 143 221
Other current assets ................................................................. $596 $743
No other individual items accounted for greater than five percent of total current assets as of January 30, 2010 or
January 31, 2009.
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