13. Commitments and Contingencies Legal The Company establishes accruals relating to legal claims in connection with litigation to which the Company is party from time to time in the ordinary course of business. Like many retailers, the Company has been named in class or collective actions on behalf of various groups alleging violations of federal and state wage and hour and other labor statutes, and alleged violation of state consumer and/or privacy protection and other statutes. In the normal course of business, we are also party to various other lawsuits and regulatory proceedings including, among others, commercial, product, product safety, employee, customer, intellectual property and other claims. Actions against us are in various procedural stages. Many of these proceedings raise factual and legal issues and are subject to uncertainties. To determine the likelihood of a loss and/or the measurement of any loss can be complex. Consequently, we are unable to estimate the range of reasonably possible loss in excess of amounts accrued. The Companys assessments are based on estimates and assumptions that have been deemed reasonable by management, but the assessment process relies heavily on estimates and assumptions that may prove to be incomplete or inaccurate, and unanticipated events and circumstances may occur that might cause us to change those estimates and assumptions. While no assurance can be given as to the ultimate outcome of these matters, the Company believes that the final resolution of these actions will not have a material adverse effect on the Companys results of operations, financial position, liquidity or capital resources. Letters of Credit The Company had letter of credit arrangements with various banks in the aggregate amount of $ 74.5 million, $56.7 million and $60.0 million as of August 3, 2019, February 2, 2019 and August 4, 2018, respectively. Among these arrangements, as of August 3, 2019, February 2, 2019 and August 4, 2018, the Company had letters of credit in the amount of $50.9 million, $48.9 million and $44.4 million, respectively, guaranteeing performance under various insurance contracts and utility agreements. In addition, the Company had outstanding letters of credit agreements in the amounts of $23.6 million, $7.8 million and $15.6 million at August 3, 2019, February 2, 2019 and August 4, 2018, respectively, related to certain merchandising agreements. Based on the terms of the agreement governing the ABL Line of Credit, the Company had the ability to enter into letters of credit up to $428.6 million, $543.3 million and $367.9 million as of August 3, 2019, February 2, 2019 and August 4, 2018, respectively. Purchase Commitments The Company had $1,173.5 million of purchase commitments related to goods that were not received as of August 3, 2019. Death Benefits In November 2005, the Company entered into agreements with three of the Companys former executives whereby upon each of their deaths the Company will pay $1.0 million to each respective designated beneficiary.