Nordstrom, Inc.
Notes to Consolidated Financial Statements
Dollar and share amounts in millions except per share, per option and per unit amounts
48
NOTE 3:  ACCOUNTS RECEIVABLE
The components of accounts receivable are as follows:
January 31, 2015 February 1, 2014
Credit card receivables:
Nordstrom Visa credit card receivables $1,310 $1,316
Nordstrom private label credit card receivables 974 868
Total credit card receivables 2,284 2,184
Allowance for credit losses (75) (80)
Credit card receivables, net 2,209 2,104
Other accounts receivable1 97 73
Accounts receivable, net $2,306 $2,177
1 Other accounts receivable consist primarily of debit card receivables and third-party credit receivables.
Our credit card receivables are restricted under our securitization program. Our Series 2011-1 Class A Notes are secured by 100% of the 
Nordstrom private label credit card receivables and 90% of the Nordstrom Visa credit card receivables. As of January 31, 2015 and 
February 1, 2014, our restricted credit card receivables included more receivables than necessary to collateralize our outstanding secured 
debt and variable funding facilities. As such, they can be utilized to increase the current usage of our securitization program. Our credit card 
securitization agreements set a maximum percentage of receivables that can be associated with various receivable categories, such as 
employee or foreign receivables, and as of January 31, 2015 and February 1, 2014, these maximums were not exceeded.
Activity in the allowance for credit losses is as follows:
Fiscal year 2014 2013 2012
Allowance at beginning of year $80 $85 $115
Bad debt expense 41 52 42
Write-offs (70) (80) (97)
Recoveries 24 23 25
Allowance at end of year $75 $80 $85
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:
January 31, 2015 February 1, 2014
Credit card receivables classified as TDRs $34 $43
Percent of total credit card receivables classified as TDRs 1.5% 2.0%