text: **Purchase Price Consideration**
  The $357 purchase price, which is based on the closing stock price of $69 per share on August 22, 2014, includes $46 attributable to Trunk 
  Club employee stock awards that are subject to ongoing vesting requirements. The $46 will be recorded as compensation expense as the 
  related service is performed over the respective employee vesting periods of up to four years after the acquisition date. Of the purchase price 
  consideration, $9 is attributable to an adjustment holdback settled primarily in Nordstrom stock in the fourth quarter of fiscal 2014 and $35 
  represents an indemnity holdback that will be settled primarily in Nordstrom stock over the next three years upon satisfaction of the 
  representations, warranties and covenants subject to the indemnities. 
  
  Of the $311 net purchase price, $280 was recorded to common stock for 3.6 Nordstrom common shares at acquisition, 0.1 fully vested 
  Nordstrom stock options and 0.1 Nordstrom common shares for the release of an acquisition adjustment holdback. The remaining $31 of net 
  purchase price was recorded as a liability for future issuances of shares and cash related to the indemnity holdback. 
  
  **Net Assets Acquired**
  We allocated the net purchase price of $311 to the tangible and intangible assets acquired and liabilities assumed based on their estimated 
  fair values on the acquisition date, with the remaining unallocated net purchase price recorded as goodwill. We estimated the fair values of 
  the acquired intangible assets based on discounted cash flow models using estimates and assumptions regarding future operations and cash 
  flows. We will amortize the acquired intangible assets over their estimated lives on a straight-line basis, which approximates the pattern of 
  expected economic benefit. The expected amortization periods for intangible assets acquired are seven years for trade names, two years for 
  technology and 2.5 years for customer relationships. We expect to record total amortization expense of $59 associated with these intangible 
  assets over the next seven years, including $5 recognized in 2014. 