Revenue (Tables)

6 Months Ended

Aug. 02, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Contract Balances and Changes in Contract Balances

Contract balances primarily relate to unfulfilled membership benefits and services not yet completed, product merchandise not yet delivered to customers, deferred revenue from our private label and co-branded credit card arrangement and unredeemed gift cards. Contract balances were as follows ($ in millions):

	August 2, 2025		February 1, 2025		August 3, 2024
Receivables, net(1)	$	486	$	504	$	474
Short-term contract liabilities included in:
Unredeemed gift card liabilities	230		253		243
Deferred revenue	889		951		940
Accrued liabilities	60		50		64
Long-term contract liabilities included in:
Long-term liabilities	213		229		233

(1)Receivables are recorded net of allowances for expected credit losses of $14 million, $20 million and $16 million as of August 2, 2025, February 1, 2025, and August 3, 2024, respectively.

Schedule of Expected Timing for Satisfying Remaining Performance Obligation

Estimated revenue from our contract liability balances expected to be recognized in future periods if the performance of the contract is expected to have an initial duration of more than one year is as follows ($ in millions):

Fiscal Year	Amount
Remainder of fiscal 2026	$	17
Fiscal 2027	33
Fiscal 2028	29
Fiscal 2029	26
Fiscal 2030	26
Fiscal 2031	26
Thereafter	89