Deferred Revenue

6 Months Ended

Aug. 03, 2013

Deferred Revenue

9. Deferred revenue

Deferred revenue is comprised primarily of extended service plans (“ESP”) and voucher promotions and other as follows:

(in millions)	August 3, 2013		February 2, 2013		July 28, 2012
ESP deferred revenue	$	567.0	$	549.7	$	523.7
Voucher promotions and other		6.0		15.9		3.5
Total deferred revenue	$	573.0	$	565.6	$	527.2
Disclosed as:
Current liabilities	$	154.6	$	159.7	$	145.3
Non-current liabilities		418.4		405.9		381.9
Total deferred revenue	$	573.0	$	565.6	$	527.2

In addition, other current assets include deferred direct costs related to the sale of ESP of $20.8 million as of August 3, 2013 (February 2, 2013 and July 28, 2012: $20.9 million and $21.2 million, respectively). Other assets include the long-term portion of these deferred direct costs of $58.8 million as of August 3, 2013 (February 2, 2013 and July 28, 2012: $56.9 million and $53.7 million, respectively).

	13 weeks ended						26 weeks ended
(in millions)	August 3, 2013			July 28, 2012			August 3, 2013			July 28, 2012
ESP deferred revenue, beginning of period	$	563.4		$	520.7		$	549.7		$	511.7
Plans sold		46.1			44.4			101.4			94.2
Revenues recognized		(42.5	)		(41.4	)		(84.1	)		(82.2	)
ESP deferred revenue, end of period	$	567.0		$	523.7		$	567.0		$	523.7