Nordstrom, Inc. Consolidated Balance Sheets In millions January 31, 2015 February 1, 2014 Assets Current assets: Cash and cash equivalents $827 $1,194 Accounts receivable, net 2,306 2,177 Merchandise inventories 1,733 1,531 Current deferred tax assets, net 256 239 Prepaid expenses and other 102 87 Total current assets 5,224 5,228 Land, property and equipment, net 3,340 2,949 Goodwill 435 175 Other assets 246 222 Total assets $9,245 $8,574 Liabilities and Shareholders’ Equity Current liabilities: Accounts payable $1,328 $1,263 Accrued salaries, wages and related benefits 416 395 Other current liabilities 1,048 876 Current portion of long-term debt 8 7 Total current liabilities 2,800 2,541 Long-term debt, net 3,123 3,106 Deferred property incentives, net 510 498 Other liabilities 372 349 Commitments and contingencies Shareholders’ equity: Common stock, no par value: 1,000 shares authorized; 190.1 and 191.2 shares issued and outstanding 2,338 1,827 Retained earnings 166 292 Accumulated other comprehensive loss (64) (39) Total shareholders’ equity 2,440 2,080 Total liabilities and shareholders’ equity $9,245 $8,574 The accompanying Notes to Consolidated Financial Statements are an integral part of these financial statements. 38