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Basis of Presentation Basis of Presentation (Tables)
 3 Months Ended
May 05, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The following table reconciles the Condensed Consolidated Balance Sheet line items impacted by the adoption of this standard on February 4, 2018 ($ in millions):
 
February 3, 2018
As Reported
 
ASU 2014-09 Adjustment on February 4, 2018
 
February 4, 2018 Adjusted
Assets
 
 
 
 
 
Other assets
$
374

 
$
(19
)
 
$
355

Liabilities
 
 
 
 
 
Unredeemed gift card liabilities
385

 
(69
)
 
316

Deferred revenue
453

 
(26
)
 
427

Accrued liabilities
864

 
(3
)
 
861

Accrued income taxes
137

 
6

 
143

Equity
 
 
 
 
 
Retained earnings
3,270

 
73

 
3,343



The following tables set forth the impact of adopting this standard on our Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Earnings as of and for the three months ended May 5, 2018 ($ in millions, except per share amounts):
 
May 5, 2018
Impact of Changes to Condensed Consolidated Balance Sheets
As Reported
 
Balances without Adoption of
ASU 2014-09
 
Effect of Change Higher/(Lower)(1)
Assets
 
 
 
 
 
Other current assets
$
473

 
$
427

 
$
46

Other assets
304

 
323

 
(19
)
Liabilities
 
 
 
 
 
Unredeemed gift card liabilities
285

 
355

 
(70
)
Deferred revenue
371

 
395

 
(24
)
Accrued liabilities
780

 
736

 
44

Accrued income taxes
154

 
148

 
6

Equity
 
 
 
 

Retained earnings
3,082

 
3,011

 
71

(1)
Effect of change includes the opening retained earnings adjustment as detailed within the table above.

 
Three months ended May 5, 2018
Impact of Changes to Condensed Consolidated Statements of Earnings
As Reported
 
Balances without Adoption of
ASU 2014-09
 
Effect of Change Higher/(Lower)
Revenue
$
9,109

 
$
9,100

 
$
9

Cost of goods sold
6,984

 
6,973

 
11

Gross profit
2,125

 
2,127

 
(2
)
Operating income
265

 
267

 
(2
)
Income tax expense
49

 
50

 
(1
)
Net earnings
208

 
209

 
(1
)
 
 
 
 
 
 
Basic earnings per share
$
0.74

 
$
0.74

 
$
—

Diluted earnings per share
$
0.72

 
$
0.73

 
$
(0.01
)
Schedule of cash, cash equivalents and restricted cash
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Condensed Consolidated Balance Sheets to the total shown within the Condensed Consolidated Statements of Cash Flows as of May 5, 2018, February 3, 2018, and April 29, 2017 ($ in millions):
 
May 5, 2018
 
February 3, 2018
 
April 29, 2017
Cash and cash equivalents
$
1,848

 
$
1,101

 
$
1,651

Restricted cash included in Other current assets
201

 
199

 
183

Total cash, cash equivalents and restricted cash
$
2,049

 
$
1,300

 
$
1,834