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Revenue Recognition
6 Months Ended
Jul. 29, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Recognition

2. Revenue Recognition

The following table summarizes net sales by line of business:

 

 

Three Months Ended

Six Months Ended

(Dollars in Millions)

July 29, 2023

July 30, 2022

July 29, 2023

July 30, 2022

Women's

$1,099

$1,239

$2,087

$2,316

Men's

809

865

1,504

1,575

Accessories (including Sephora)

571

458

1,083

848

Home

462

502

895

1,027

Children's

387

414

790

825

Footwear

350

385

674

743

Net Sales

$3,678

$3,863

$7,033

$7,334

 

Unredeemed gift cards and merchandise return card liabilities totaled $292 million as of July 29, 2023, $356 million as of January 28, 2023, and $294 million as of July 30, 2022. In the second quarter of 2023 and 2022, net sales of $36 million and $39 million, respectively, were recognized from gift cards redeemed during the current period and issued in prior years. Year to date 2023 and 2022, net sales of $104 million and $113 million, respectively, were recognized during the current period from gift cards redeemed during the current year and issued in prior years.