Accounts Receivable (Tables)

9 Months Ended

Nov. 01, 2014

Accounts Receivable, Net [Abstract]

Components Of Accounts Receivable

The components of accounts receivable are as follows:

	November 1, 2014			February 1, 2014			November 2, 2013
Credit card receivables:
Nordstrom VISA credit card receivables	$	1,310		$	1,316		$	1,317
Nordstrom private label card receivables	918			868			831
Total credit card receivables	2,228			2,184			2,148
Allowance for credit losses	(75		)	(80		)	(85		)
Credit card receivables, net	2,153			2,104			2,063
Other accounts receivable1	100			73			83
Accounts receivable, net	$	2,253		$	2,177		$	2,146

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

Activity In The Allowance For Credit Losses

Activity in the allowance for credit losses is as follows:

	Quarter Ended						Nine Months Ended
	November 1, 2014			November 2, 2013			November 1, 2014			November 2, 2013
Allowance at beginning of period	$	80		$	85		$	80		$	85
Bad debt expense	6			14			28			44
Write-offs	(14		)	(19		)	(52		)	(61		)
Recoveries	3			5			19			17
Allowance at end of period	$	75		$	85		$	75		$	85

Receivables Classified As TDRs

Receivables classified as TDRs are as follows:

	November 1, 2014			February 1, 2014			November 2, 2013
Credit card receivables classified as TDRs	$	36		$	43		$	40
Percent of total credit card receivables classified as TDRs	1.6		%	2.0		%	1.9		%

Aging And Delinquency Status Of Credit Card Receivables

The following table illustrates the aging and delinquency status of our credit card receivables:

	November 1, 2014				February 1, 2014				November 2, 2013
	Balance		% of total		Balance		% of total		Balance		% of total
Current	$	2,092	93.9	%	$	2,046	93.7	%	$	2,028	94.4	%
1 – 29 days delinquent	92		4.1	%	99		4.5	%	82		3.8	%
30 days or more delinquent:
30 – 59 days delinquent	15		0.7	%	16		0.7	%	15		0.7	%
60 – 89 days delinquent	11		0.5	%	9		0.4	%	10		0.5	%
90 days or more delinquent	18		0.8	%	14		0.7	%	13		0.6	%
Total 30 days or more delinquent	44		2.0	%	39		1.8	%	38		1.8	%
Total credit card receivables	$	2,228	100.0	%	$	2,184	100.0	%	$	2,148	100.0	%
Receivables not accruing finance charges	$	10			$	13			$	10
Receivables 90 days or more delinquent and still accruing finance charges	13				8				7

Distribution Of Credit Card Receivables Across FICO Score Ranges

The following table illustrates the distribution of our credit card receivables across FICO score ranges:

	November 1, 2014				February 1, 2014				November 2, 2013
FICO Score Range1	Balance		% of total		Balance		% of total		Balance		% of total
801+	$	371	16.6	%	$	313	14.3	%	$	329	15.3	%
660 – 800	1,391		62.4	%	1,393		63.8	%	1,355		63.1	%
001 – 659	370		16.6	%	379		17.4	%	368		17.1	%
Other2	96		4.4	%	99		4.5	%	96		4.5	%
Total credit card receivables	$	2,228	100.0	%	$	2,184	100.0	%	$	2,148	100.0	%

¹ Credit 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.

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