ACCOUNTS RECEIVABLE

The components of accounts receivable are as follows:



	November 2, 2013			February 2, 2013			October 27, 2012
Credit card receivables:
Nordstrom VISA credit card receivables	$	1,317		$	1,348		$	1,315
Nordstrom private label card receivables	831			794			777
Total credit card receivables	2,148			2,142			2,092
Allowance for credit losses	(85		)	(85		)	(95		)
Credit card receivables, net	2,063			2,057			1,997
Other accounts receivable¹	83			72			91
Accounts receivable, net	$	2,146		$	2,129		$	2,088

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						Nine Months Ended
	November 2, 2013			October 27, 2012			November 2, 2013			October 27, 2012
Allowance at beginning of period	$	85		$	105		$	85		$	115
Bad debt provision	14			7			44			38
Write-offs	(19		)	(22		)	(61		)	(76		)
Recoveries	5			5			17			18
Allowance at end of period	$	85		$	95		$	85		$	95

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 are as follows:



	November 2, 2013			February 2, 2013			October 27, 2012
Credit card receivables classified as TDRs	$	40		$	53		$	54
Percent of total credit card receivables classified as TDRs	1.9		%	2.5		%	2.6		%

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:



	November 2, 2013				February 2, 2013				October 27, 2012
	Balance		% of total		Balance		% of total		Balance		% of total
Current	$	2,028	94.4	%	$	2,018	94.2	%	$	1,960	93.7	%
1 – 29 days delinquent	82		3.8	%	84		3.9	%	89		4.2	%
30 days or more delinquent:
30 – 59 days delinquent	15		0.7	%	15		0.7	%	17		0.9	%
60 – 89 days delinquent	10		0.5	%	10		0.5	%	11		0.5	%
90 days or more delinquent	13		0.6	%	15		0.7	%	15		0.7	%
Total 30 days or more delinquent	38		1.8	%	40		1.9	%	43		2.1	%
Total credit card receivables	$	2,148	100.0	%	$	2,142	100.0	%	$	2,092	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:



	November 2, 2013				February 2, 2013				October 27, 2012
FICO Score Range¹	Balance		% of total		Balance		% of total		Balance		% of total
801+	$	329	15.3	%	$	310	14.5	%	$	335	16.0	%
660 – 800	1,355		63.1	%	1,366		63.8	%	1,326		63.4	%
001 – 659	368		17.1	%	379		17.7	%	359		17.1	%
Other²	96		4.5	%	87		4.0	%	72		3.5	%
Total credit card receivables	$	2,148	100.0	%	$	2,142	100.0	%	$	2,092	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.