We received property incentives from our developers of $110 in 2014, $89 in 2013 and $58 in 2012. These incentives are included in our  cash provided by operations in our Consolidated Statements of Cash Flows in Item 8: Financial Statements and Supplementary Data.  However, operationally we view these as an offset to our capital expenditures. Our capital expenditure percentages, net of property  incentives, by category are summarized as follows: Other capital expenditures consist of ongoing improvements to our stores in the ordinary course of business and expenditures related to  various growth initiatives. We expect to significantly increase our capital expenditures, net of property incentives, over the next five years to approximately $4,300,  compared with $2,700 over the previous five years. We plan to spend approximately $1,200 in 2015 compared with $751 in 2014. Both of  these increases are primarily due to our continued expansion into new markets such as Canada, Puerto Rico and Manhattan, investment in  new Nordstrom Rack and full-line stores and remodels of existing stores. Over these next five years, we expect that 62% of our net capital  expenditures will be for new store openings, relocations and remodels and 34% for ecommerce and information technology. We believe that  we have the capacity for additional capital investments should opportunities arise. In connection with the $500 debt maturity in the first quarter of 2012, we began making required monthly cash deposits of $100 into a  restricted account in December 2011 until we accumulated $500 by April 2012 to retire the debt. As of January 28, 2012, we had  accumulated $200. During the first quarter of 2012, the net amount withdrawn from restricted cash of $200 was recorded as cash received  from investing activities. The Nordstrom Visa credit cards allow our customers to make purchases at merchants outside of our stores and accumulate points for our  Nordstrom Rewards program. In 2014, the change in credit card receivables from customers’ third-party purchases using their Nordstrom  Visa credit cards was relatively flat compared with 2013. In 2013, the change in credit card receivables from customers’ third-party purchases using their Nordstrom Visa credit cards decreased to $6,  compared with $42 in 2012, as payment rates slightly increased in 2013. Net cash used in financing activities was $698 in 2014 compared with $589 in 2013 and $1,333 in 2012. Our financing activities include  repurchases of common stock, our short-term and long-term borrowing activity, and payment of dividends. In the fourth quarter of 2013, we issued $665 of 5.00% senior unsecured notes due January 2044 (“2044 Notes”). We used $400 of the  proceeds to retire all 6.75% senior unsecured notes due June 2014. We exchanged $201 of the 7.00% senior unsecured notes due January  2038 (“2038 Notes”) for $265 of the 2044 Notes. The $64 in excess of the outstanding principal of the 2038 Notes relates to the lower interest  rate and longer maturity of the new 2044 Notes, and we recorded it as part of the discount to be amortized over the term of the 2044 Notes.  As of January 31, 2015, we had $598 of outstanding 2044 Notes, net of a $67 discount. The 2044 Notes exchanged for the 2038 Notes and  the related discounts represented a non-cash activity of $201 that had no impact to our 2013 Consolidated Statements of Cash Flows. See  Note 8: Debt and Credit Facilities in Item 8: Financial Statements and Supplementary Data for additional information.  During 2012, we retired our $500 securitized Series 2007-2 Class A & B Notes upon maturity in April 2012 using accumulated restricted cash  described in Investing Activities above.  28 Change in Restricted Cash Change in Credit Card Receivables Originated at Third Parties  Financing Activities Short-term and Long-term Borrowing Activity  Fiscal year 2014 2013 2012 Category and expenditure percentage: New store openings, relocations and remodels 62% 62% 54% Information technology 35% 27% 27% Other 3% 11% 19% Total 100% 100% 100 %