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Revenue Recognition
 9 Months Ended
Oct. 31, 2020
Revenue Recognition and Deferred Revenue [Abstract]  
Revenue Recognition Revenue Recognition
Accounts receivable, net from revenue-generating activities were $176 million as of October 31, 2020, $152 million as of February 1, 2020 and $147 million as of November 2, 2019. 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. As a result of the COVID-19 pandemic, the Company has extended the payment terms for certain partners.
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 private label credit card programs and direct channel shipments, which are all impacted by seasonal and holiday-related sales patterns. Deferred revenue was $313 million as of October 31, 2020, $342 million as of February 1, 2020 and $280 million as of November 2, 2019. The Company recognized $163 million as revenue year-to-date 2020 from amounts recorded as deferred revenue at the beginning of the year. As of October 31, 2020, the Company recorded deferred revenue of $302 million within Accrued Expenses and Other, and $11 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 2020 and 2019:
Third QuarterYear-to-Date
2020201920202019
(in millions)
Bath & Body Works Stores - U.S. and Canada$1,202 $872 $2,304 $2,468 
Bath & Body Works Direct446 192 1,254 527 
Bath & Body Works International (a)54 35 158 129 
Total Bath & Body Works1,702 1,099 3,716 3,124 
Victoria’s Secret Stores - U.S. and Canada755 1,081 1,633 3,462 
Victoria’s Secret Direct470 331 1,391 1,067 
Victoria’s Secret International (b)128 166 289 504 
Total Victoria’s Secret1,353 1,578 3,313 5,033 
Other (c)— — — 50 
Total Net Sales$3,055 $2,677 $7,029 $8,207 
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(a)Results include royalties associated with franchised stores and wholesale sales.
(b)Results include company-operated stores in the U.K. (pre-joint venture) and Greater China, royalties associated with franchised stores and wholesale sales.
(c)Results include wholesale revenues to La Senza subsequent to the Company's divestiture of the business in 2018.