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Revenue Recognition
 9 Months Ended
Oct. 29, 2022
Revenue Recognition and Deferred Revenue [Abstract]  
Revenue Recognition Revenue Recognition
Accounts receivable, net from revenue-generating activities were $133 million as of October 29, 2022, $101 million as of January 29, 2022 and $86 million as of October 30, 2021. Accounts receivable primarily relate to amounts due from the Company's franchise, license and wholesale partners. Under these arrangements, payment terms are typically 60 to 90 days.
The Company records deferred revenue when cash payments are received in advance of transfer of control of goods or services. Deferred revenue primarily relates to gift cards, loyalty and credit card programs and direct channel shipments, which are all impacted by seasonal and holiday-related sales patterns. Deferred revenue was $229 million as of October 29, 2022, $258 million as of January 29, 2022 and $214 million as of October 30, 2021. The Company recognized $117 million as revenue year-to-date 2022 from amounts recorded as deferred revenue at the beginning of the year. As of October 29, 2022, the Company recorded deferred revenue of $210 million within Accrued Expenses and Other, and $19 million within Other Long-term Liabilities on the Consolidated Balance Sheet.
The following table provides a disaggregation of Net Sales for the third quarter and year-to-date 2022 and 2021:
Third QuarterYear-to-Date
2022202120222021
(in millions)
Stores – North America
$813 $920 $2,712 $2,890 
Direct342 406 1,176 1,396 
International (a)163 115 435 323 
Total Net Sales$1,318 $1,441 $4,323 $4,609 
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(a)Results include consolidated joint venture sales in China, royalties associated with franchised stores and wholesale sales.
In April 2022, the Company launched a new co-branded credit card through which customers can earn points on purchases of Company product as well as on purchases outside of the Company. The co-branded credit card is in addition to the Company's existing U.S. private label credit card.
The Company recognized Net Sales of $29 million and $30 million for the third quarter of 2022 and 2021, respectively, related to revenue earned in connection with its credit card arrangements. The Company recognized Net Sales of $85 million and $89 million year-to-date 2022 and 2021, respectively, related to revenue earned in connection with its credit card arrangements.
The Company’s international net sales include sales from Company-operated stores, royalty revenue from franchise and license arrangements, wholesale revenues and direct sales shipped internationally. Certain of these sales are subject to the impact of fluctuations in foreign currency. The Company’s net sales outside of the U.S. totaled $211 million and $170 million for the third quarter of 2022 and 2021, respectively. The Company’s net sales outside of the U.S. totaled $594 million and $500 million year-to-date 2022 and 2021, respectively.