Revenue

12 Months Ended

Jan. 28, 2023

Revenue [Abstract]

Revenue

10.   Revenue

We generate substantially all of our revenue from contracts with customers from the sale of products and services. Contract balances primarily consist of receivables and liabilities related to product merchandise not yet delivered to customers, unfulfilled membership benefits and services not yet completed and unredeemed gift cards. Contract balances were as follows ($ in millions):

	January 28, 2023		January 29, 2022
Receivables(1)	$	581	$	591
Short-term contract liabilities included in:
Unredeemed gift cards		274		316
Deferred revenue		1,116		1,103
Accrued liabilities		66		83
Long-term contract liabilities included in:
Long-term liabilities		265		6

(1)Receivables are recorded net of allowances for doubtful accounts of $22 million and $31 million as of January 28, 2023, and January 29, 2022, respectively.

During fiscal 2023 and fiscal 2022, $1,346 million and $924 million of revenue was recognized, respectively, that was included in the contract liabilities at the beginning of the respective periods.

The following table includes estimated revenue from our contract liability balances expected to be recognized in future periods if performance of the contract is expected to have a duration of more than one year ($ in millions):

Fiscal Year		Amount
Fiscal 2024	$	25
Fiscal 2025		30
Fiscal 2026		25
Fiscal 2027		24
Fiscal 2028		24
Thereafter		137

See Note 14, Segment and Geographic Information, for information on our revenue by reportable segment and product category.