Revenue

12 Months Ended

Feb. 01, 2020

Revenue from Contract with Customer [Abstract]

Revenue

NOTE 3: REVENUE

Contract Liabilities

Contract liabilities represent our obligation to transfer goods or services to customers and include deferred revenue for The Nordy Club (including points and Nordstrom Notes) and gift cards. Our contract liabilities are classified as current on the Consolidated Balance Sheet and are as follows:

	Contract Liabilities
Opening balance as of February 4, 2018		$498
Balance as of February 2, 2019	548
Balance as of February 1, 2020	576

Revenues recognized from our beginning contract liability balance were $313 and $307 for the years ended February 1, 2020 and February 2, 2019.

Disaggregation of Revenue

The following table summarizes our disaggregated net sales:

Fiscal year	2019			2018			2017
Net sales by business1:
Full-Price		$9,943			$10,299			$10,452
Off-Price	5,189			5,181			4,956
Other	—			—			(271		)
Total net sales		$15,132			$15,480			$15,137
Digital sales as % of net sales	33		%	30		%	27		%

¹ We present our sales in the way that management views our results internally, including presenting 2019 and 2018 under the Revenue Standard while prior period amounts are not adjusted and allocating our sales return allowance and loyalty related adjustments to Full-Price and Off-Price. For 2017, Other primarily included unallocated sales return, in-transit and loyalty related adjustments necessary to reconcile sales by business to total net sales. If we applied the sales return allowance allocation and the loyalty related adjustments to 2017, Full-Price net sales would decrease $211, Off-Price net sales would decrease $60 and Other net sales would increase $271.

The following table summarizes the percent of net sales by merchandise category:

Fiscal year	2019		2018		2017
Women’s Apparel	31	%	32	%	32	%
Shoes	24	%	24	%	23	%
Men’s Apparel	16	%	16	%	16	%
Women’s Accessories	11	%	11	%	11	%
Beauty	11	%	11	%	11	%
Kids’ Apparel	4	%	4	%	4	%
Other	3	%	2	%	3	%
Total net sales	100	%	100	%	100	%