Cash, Cash Equivalents, and Restricted Cash

3 Months Ended

May 04, 2019

Cash, Cash Equivalents, and Restricted Cash

4. Cash, Cash Equivalents, and Restricted Cash

The following table provides a reconciliation of cash and cash equivalents, as reported on our condensed consolidated balance sheets, to cash, cash equivalents, and restricted cash, as reported on our condensed consolidated statements of cash flows.


	May 4,		May 5,
	2019		2018
	($ in millions)
Cash and cash equivalents	$	1,126	$	1,029
Restricted cash included in other current assets		5		1
Restricted cash included in other non-current assets		30		181
Cash, cash equivalents, and restricted cash	$	1,161	$	1,211

During 2017 in connection with the pension litigation matter, the Company deposited $150 million in a qualified settlement fund. At May 5, 2018, this amount was classified as part of non-current assets. During 2018 and in March 2019, the Company used substantially all of the qualified settlement fund to pay class counsel fees and to make a contribution to the pension plan.

Other amounts included in restricted cash primarily relate to amounts held in escrow in connection with various leasing arrangements in Europe and deposits held in insurance trusts in order to satisfy the requirement to collateralize part of the self-insured workers’ compensation and liability claims.

The Company has elected to present book overdrafts, representing checks issued but still outstanding in excess of bank balances, as part of accounts payable.