C4. What is backlog (find the relevant paragraph in the report)? How do you think it is accounted for? [2 points] Due to short order cycles and rapid inventory twrnover primarily in the Company's Tools \& Storage segment, backlog is generally not considered a significant indicator of future performance. At February 1, 2020, the Company had approximately $991 million in unfilled orders, which mainly rilated to the Engineered Fastening and Security businesses. Substantially all of these orders are reasonably axpected to be filled within the curnent fiscal year. As of February 2, 2019 and February 3, 2018, unfilled orders amowted to $1,001 million and $929 million, respectively (page 6) Recognized as deferred revenue? - Nathan