Target 2015 Annual Report Download - page 53

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Intangible Assets Leasehold
Acquisition Costs Other (a) Total
(millions)
January 30,
2016
January 31,
2015
January 30,
2016
January 31,
2015
January 30,
2016
January 31,
2015
Gross asset $211 $224 $88 $181 $299 $405
Accumulated amortization (127)(133)(27)(117)(154)(250)
Net intangible assets $84 $91 $61 $64 $145 $155
(a) Other intangible assets relate primarily to trademarks. We sold $91 million of gross intangible assets with accumulated depreciation of
$88 million in connection with the sale of our pharmacy and clinics businesses. See Note 6 for additional information.
We use the straight-line method to amortize leasehold acquisition costs primarily over 9 to 39 years and other definite-
lived intangibles over 3 to 15 years. The weighted average life of leasehold acquisition costs and other intangible
assets was 27 years and 8 years, respectively, at January€30, 2016. Amortization expense was $23 million, $22 million,
and $20 million in 2015, 2014, and 2013, respectively.
Estimated€Amortization€Expense
(millions) 2016 2017 2018 2019 2020
Amortization expense $18 $16 $12 $11 $11
17. Accounts Payable
At January€30, 2016 and January€31, 2015, we reclassified book overdrafts of $534 million and $682 million,
respectively, to accounts payable and $99 million and $82 million, respectively, to accrued and other current liabilities.
18. Accrued and Other Current Liabilities
Accrued€and€Other€Current€Liabilities
(millions)
January 30,
2016
January 31,
2015
Wages and benefits $884 $951
Gift card liability, net of estimated breakage 644 612
Real estate, sales, and other taxes payable 574 550
Income tax payable 502 26
Dividends payable 337 333
Straight-line rent accrual€(a) 262 255
Workers' compensation and general liability€(b) 146 153
Interest payable 76 76
Project costs accrual 73 69
Other 738 758
Total $4,236 $3,783
(a) Straight-line rent accrual represents the amount of rent expense recorded that exceeds cash payments remitted in connection with
operating leases.
(b) We retain a substantial portion of the risk related to general liability and workers' compensation claims. Liabilities associated with these
losses include estimates of both claims filed and losses incurred but not yet reported. We estimate our ultimate cost based on analysis
of historical data and actuarial estimates. General liability and workers' compensation liabilities are recorded at our estimate of their net
present value.
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