Analysis and Interpretation of Profitability Balance sheets and income statements for Nordstrom, Inc. follow. Refer to these financial statements to answer the requirements.

NORDSTROM, INC. Consolidated Statements of Earnings
For Fiscal Years Ended ($ millions)	2009	2008	2007
Sales	$ 8,258	$ 8,272	$ 8,828
Credit card revenues	369	301	252
Total revenues	8,627	8,573	9,080
Cost of sales and related buying and occupancy costs	(5,328)	(5,417)	(5,526)
Selling, general and administrative expenses
Retail	(2,109)	(2,103)	(2,130)
Credit	(356)	(274)	(177)
Earnings before interest and income taxes	834	779	1,247
Net interest expense	(138)	(131)	(74)
Earnings before income taxes	696	648	1,173
Income tax expense	(255)	(247)	(458)
Net earnings	$ 441	$ 401	$ 715

NORDSTROM, INC. Consolidated Balance Sheets
($ millions)	January 30, 2010	January 31, 2009
Assets
Current Assets
Cash and cash equivalents	$ 795	$ 72
Accounts receivable, net	2,035	1,942
Merchandise inventories	898	900
Current deferred tax assets, net	238	210
Prepaid expenses and other	88	93
Total current assets	4,054	3,217
Land, buildings and equipment, net	2,242	2,221
Goodwill	53	53
Other assets	230	170
Total assets	$ 6,579	$ 5,661
Liabilities and Shareholders' Equity
Current liabilities
Accounts payable	$ 726	$ 563
Accrued salaries, wages and related benefits	336	214
Other current liabilities	596	525
Current portion of long-term debt	356	299
Total current liabilities	2,014	1,601
Long-term debt, net	2,257	2,214
Deferred property incentives, net	469	435
Other liabilities	267	201
Shareholders' equity
Common stock, no par value	1,066	997
Retained earnings	525	223
Accumulated other comprehensive income (loss)	(19)	(10)
Total shareholders' equity	1,572	1,210
Total liabilities and shareholders' equity	$ 6,579	$ 5,661

D. Refer to Nordstrom's balance sheets for fiscal 2007-2009. Calculate net operating assets for fiscal years 2009, 2008 and 2007. Assume the other assets, other current liabilities, deferred property incentives, and other liabilities are operating items.

E. Refer to Nordstrom's statement of earnings for fiscal 2009 and 2008. Calculate net operating profit after tax (NOPAT) for fiscal 2009 and 2008. Assume the marginal tax rate for the company is 38.5% for both years. What is the dollar amount of Nordstrom's tax shield from nonoperating activities in fiscal 2009?