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NET SALES
 6 Months Ended
Jul. 30, 2023
Revenue from Contract with Customer [Abstract]  
Net Sales NET SALES
The following table presents net sales, classified by geography:
Three Months EndedSix Months Ended
in millionsJuly 30,
2023		July 31,
2022		July 30,
2023		July 31,
2022
Net sales – in the U.S.
$39,191 $40,044 $73,698 $76,050 
Net sales – outside the U.S.
3,725 3,748 6,475 6,650 
Net sales
$42,916 $43,792 $80,173 $82,700 
The following table presents net sales by products and services:
Three Months EndedSix Months Ended
in millionsJuly 30,
2023		July 31,
2022		July 30,
2023		July 31,
2022
Net sales – products$41,361 $42,348 $77,249 $79,813 
Net sales – services1,555 1,444 2,924 2,887 
Net sales
$42,916 $43,792 $80,173 $82,700 
The following table presents major product lines and the related merchandising departments (and related services):
Major Product LineMerchandising Departments
Building MaterialsBuilding Materials, Electrical/Lighting, Lumber, Millwork, and Plumbing
DécorAppliances, Décor/Storage, Flooring, Kitchen and Bath, and Paint
HardlinesHardware, Indoor Garden, Outdoor Garden, and Tools
The following table presents net sales by major product line (and related services):
Three Months EndedSix Months Ended
in millionsJuly 30,
2023		July 31,
2022		July 30,
2023		July 31,
2022
Building Materials$15,391 $15,883 $29,470 $30,752 
Décor13,411 14,096 25,662 26,970 
Hardlines14,114 13,813 25,041 24,978 
Net sales$42,916 $43,792 $80,173 $82,700 
Deferred Revenue
For products and services sold in stores or online, payment is typically due at the point of sale. When we receive payment from customers before the customer has taken possession of the merchandise or the service has been performed, the amount received is recorded as deferred revenue until the sale or service is complete. Such performance obligations are part of contracts with expected original durations of typically three months or less. As of July 30, 2023 and January 29, 2023, deferred revenue for products and services was $2.1 billion and $2.0 billion, respectively.
We further record deferred revenue for the sale of gift cards and recognize the associated revenue upon the redemption of those gift cards, which generally occurs within six months of gift card issuance. As of July 30, 2023 and January 29, 2023, our performance obligations for unredeemed gift cards were $1.0 billion and $1.1 billion, respectively. Gift card breakage income, which is our estimate of the portion of our outstanding gift card balance not expected to be redeemed, was immaterial during the three and six months ended July 30, 2023 and July 31, 2022.