ACCOUNTS RECEIVABLE

The components of accounts receivable are as follows:



	August 3, 2013			February 2, 2013			July 28, 2012
Credit card receivables:
Nordstrom VISA credit card receivables	$	1,419		$	1,348		$	1,418
Nordstrom private label card receivables	932			794			876
Total credit card receivables	2,351			2,142			2,294
Allowance for credit losses	(85		)	(85		)	(105		)
Credit card receivables, net	2,266			2,057			2,189
Other accounts receivable¹	103			72			108
Accounts receivable, net	$	2,369		$	2,129		$	2,297

¹Other accounts receivable consist primarily of third party credit and debit card receivables.

Activity in the allowance for credit losses is as follows:



	Quarter Ended						Six Months Ended
	August 3, 2013			July 28, 2012			August 3, 2013			July 28, 2012
Allowance at beginning of period	$	85		$	105		$	85		$	115
Bad debt provision	16			22			30			31
Write-offs	(21		)	(28		)	(42		)	(54		)
Recoveries	5			6			12			13
Allowance at end of period	$	85		$	105		$	85		$	105

The allowance for credit losses reflects our best estimate of the losses inherent in our receivables as of the balance sheet date, including uncollectible finance charges and fees. For purposes of determining impairment and recording the associated allowance for credit losses, we evaluate our credit card receivables on a collective basis as they are composed of large groups of smaller-balance homogeneous loans and, therefore, are not individually evaluated for impairment. We record estimated uncollectible principal balances to the bad debt provision while estimated uncollectible finance charges and fees result in a reduction of credit card revenue.

Under certain circumstances, we may make modifications to payment terms for a customer experiencing financial difficulties in an effort to help the customer avoid a charge-off or bankruptcy, and to maximize our recovery of the outstanding balance. These modifications, which meet the accounting definition of troubled debt restructurings ("TDRs"), include reduced or waived fees and finance charges, and/or reduced minimum payments. Receivables classified as TDRs were $45, or 1.9% of our total credit card receivables as of August 3, 2013, $53, or 2.5% of our total credit card receivables as of February 2, 2013 and $58, or 2.5% of our total credit card receivables as of July 28, 2012.

Credit Quality

The primary indicators of the credit quality of our credit card receivables are aging and delinquency, particularly the levels of account balances delinquent 30 days or more as these are the accounts most likely to be written off. The following table illustrates the aging and delinquency status of our credit card receivables:



	August 3, 2013				February 2, 2013				July 28, 2012
	Balance		% of total		Balance		% of total		Balance		% of total
Current	$	2,241	95.3	%	$	2,018	94.2	%	$	2,166	94.4	%
1 – 29 days delinquent	74		3.2	%	84		3.9	%	84		3.7	%
30 days or more delinquent:
30 – 59 days delinquent	14		0.6	%	15		0.7	%	18		0.7	%
60 – 89 days delinquent	9		0.4	%	10		0.5	%	11		0.5	%
90 days or more delinquent	13		0.5	%	15		0.7	%	15		0.7	%
Total 30 days or more delinquent	36		1.5	%	40		1.9	%	44		1.9	%
Total credit card receivables	$	2,351	100.0	%	$	2,142	100.0	%	$	2,294	100.0	%

Receivables not accruing finance charges	$	10			$	11			$	10
Receivables 90 days or more delinquent and still accruing finance charges	$	7			$	8			$	9

We also evaluate credit quality using FICO credit scores. The following table illustrates the distribution of our credit card receivables across FICO score ranges:



	August 3, 2013				February 2, 2013				July 28, 2012
FICO Score Range¹	Balance		% of total		Balance		% of total		Balance		% of total
801+	$	430	18.3	%	$	310	14.5	%	$	441	19.2	%
660 – 800	1,455		61.9	%	1,366		63.8	%	1,419		61.8	%
001 – 659	367		15.6	%	379		17.7	%	366		16.0	%
Other²	99		4.2	%	87		4.0	%	68		3.0	%
Total credit card receivables	$	2,351	100.0	%	$	2,142	100.0	%	$	2,294	100.0	%

¹Credit scores for our credit cardholders are updated at least every 60 days for active accounts and every 90 days for inactive accounts. Amounts listed in the table reflect the most recently obtained credit scores as of the dates indicated.

²Other consists of amounts not yet posted to customers' accounts and receivables from customers for whom FICO scores are temporarily unavailable.