cost of sales. The fair value of the facilities to be consolidated and stores identified for closure were obtained from third party appraisals. We also reversed $24 million of previously accrued charges ($11 million from the 1998 charge and $13 million from the 1995 charge) that we determined to be no longer needed. Accordingly, based on these actions, we recorded $213 million of pre-tax ($126 million after-tax) restructuring and other charges in the fourth quarter of the fiscal year ending February 2, 2002. Details on the components of the charges are as follows:

In 2000, Toysrus.com, our internet subsidiary, recorded $118 million in non-recurring charges as a result of the transition to its co-branded on-line store with Amazon.com, of which $10 million was included in cost of sales and $108 million was included in SG&A. These costs and charges related primarily to the closure of three distribution centers, as well as web-site asset write-offs and other costs. We had remaining lease commitment reserves of $3 million at February 1, 2003, that will be utilized in 2003 and thereafter.

We previously announced strategic initiatives to reposition our worldwide business and recorded related restructuring and other charges of $698 million in 1998 and $396 million in 1995 to complete these initiatives. As of February 1, 2003, we substantially completed all announced initiatives. We reversed reserves of $10 million in the fourth quarter of 2002 that were determined to no longer be needed. We also reversed reserves of $29 million in 2001, $24 million of which were reversed in the fourth quarter of 2001 and is discussed above, and $11 million in 2000 that were determined to no longer be needed. We had $42 million of reserves remaining at February 1, 2003, primarily for long-term lease commitments that will be utilized in 2003 and thereafter.

We believe that the remaining reserves at February 1, 2003 are reasonable estimates of what is required to complete all remaining initiatives.

Our contractual obligations mainly consist of operating leases related to real estate used in the operation of our business and long-term debt. The table below shows the amounts we are obligated to pay for operating leases and principal amounts due under long-term debt issuances by fiscal period:

We are in compliance with all covenants associated with the above contractual obligations. The covenants include, among other things, requirements to provide financial information and public filings, and to comply with specified financial ratios. Non-compliance with associated covenants could give rise to accelerated payments, requirements to provide collateral, or changes in terms contained in the respective agreements.

At February 1, 2003, we had available over $1 billion of cash and cash equivalents. Our current portion of long-term debt of $379 million at February 1, 2003 includes a 475 million Swiss Franc note, due on January 28, 2004. In addition, our long-term debt at February 1, 2003 includes a 500 million Euro bond, due on February 13, 2004. See the section "Other Matters" and the note to our consolidated financial statements entitled "SUBSEQUENT EVENTS" for a discussion regarding the registration of $800 million of debt securities in March 2003 and the sale and issuance of $400 million of notes in April 2003.

We have $985 million in unsecured committed revolving credit facilities from a syndicate of financial institutions. These credit facilities are available for seasonal borrowings. There were no outstanding balances under these credit facilities at the end of fiscal 2002, 2001 or 2000. Additionally, we have lines of credit with various banks to meet certain of the short-term financing needs of our foreign subsidiaries. The following table shows our commercial commitments with their related expirations and availability: