text: **Nordstrom, Inc.**
  **Notes to Consolidated Financial Statements**
  Dollar and share amounts in millions except per share, per option and per unit amounts 
  
  **Recent Accounting Pronouncements**
  In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-08,*Reporting*
  *Discontinued Operations and Disclosures of Disposals of Components of an Entity*. This ASU raises the threshold for a disposal to qualify as 
  discontinued operations and requires new disclosures for individually material disposal transactions that do not meet the definition of a 
  discontinued operation. Under the new guidance, companies report discontinued operations when they have a disposal that represents a 
  strategic shift that has or will have a major impact on operations or financial results. We do not expect the provisions of this ASU, which are 
  effective for us beginning in the first quarter of 2015, to have a material impact on our consolidated financial statements. 
  
  In May 2014, the FASB issued ASU No. 2014-09,*Revenue from Contracts with Customers*. The core principle of this ASU is that companies 
  should recognize revenue when the transfer of promised goods or services to customers occurs in an amount that reflects what the company 
  expects to receive. It requires additional disclosures to describe the nature, amount, timing, and uncertainty of revenue and cash flows from 
  contracts with customers. This ASU is effective for us beginning with the first quarter of 2017. We are currently evaluating the impact the 
  provisions of this ASU would have on our consolidated financial statements. 