Accounts Receivable (Tables)

3 Months Ended

May 02, 2015

Accounts Receivable, Net [Abstract]

Components Of Accounts Receivable

The components of accounts receivable are as follows:

	May 2, 2015			January 31, 2015			May 3, 2014
Credit card receivables:
Nordstrom Visa credit card receivables	$	1,273		$	1,310		$	1,301
Nordstrom private label credit card receivables	954			974			839
Total credit card receivables	2,227			2,284			2,140
Allowance for credit losses	(70		)	(75		)	(80		)
Credit card receivables, net	2,157			2,209			2,060
Other accounts receivable1	109			97			107
Accounts receivable, net	$	2,266		$	2,306		$	2,167

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

Activity In The Allowance For Credit Losses

Activity in the allowance for credit losses is as follows:

	Quarter Ended
	May 2, 2015			May 3, 2014
Allowance at beginning of period	$	75		$	80
Bad debt expense	10			15
Write-offs	(19		)	(19		)
Recoveries	4			4
Allowance at end of period	$	70		$	80

Receivables Classified As TDRs

Receivables classified as TDRs are as follows:

	May 2, 2015			January 31, 2015			May 3, 2014
Credit card receivables classified as TDRs	$	32		$	34		$	40
Percent of total credit card receivables classified as TDRs	1.4		%	1.5		%	1.9		%

Aging And Delinquency Status Of Credit Card Receivables

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

	May 2, 2015				January 31, 2015				May 3, 2014
	Balance		% of total		Balance		% of total		Balance		% of total
Current	$	2,108	94.6	%	$	2,134	93.4	%	$	2,036	95.1	%
1 – 29 days delinquent	80		3.6	%	103		4.5	%	70		3.3	%
30 days or more delinquent:
30 – 59 days delinquent	11		0.5	%	16		0.7	%	12		0.6	%
60 – 89 days delinquent	8		0.4	%	10		0.5	%	9		0.4	%
90 days or more delinquent	20		0.9	%	21		0.9	%	13		0.6	%
Total 30 days or more delinquent	39		1.8	%	47		2.1	%	34		1.6	%
Total credit card receivables	$	2,227	100.0	%	$	2,284	100.0	%	$	2,140	100.0	%
Receivables not accruing finance charges	$	11			$	13			$	11
Receivables 90 days or more delinquent and still accruing finance charges	13				13				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:

	May 2, 2015				January 31, 2015				May 3, 2014
FICO Score Range1	Balance		% of total		Balance		% of total		Balance		% of total
801+	$	366	16.4	%	$	369	16.2	%	$	366	17.1	%
660 – 800	1,375		61.8	%	1,435		62.8	%	1,326		62.0	%
001 – 659	392		17.6	%	392		17.1	%	358		16.8	%
Other2	94		4.2	%	88		3.9	%	90		4.1	%
Total credit card receivables	$	2,227	100.0	%	$	2,284	100.0	%	$	2,140	100.0	%

¹ Credit scores for our credit cardholders are updated at least every 90 days. 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.