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Revenue Recognition
9 Months Ended
Oct. 28, 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

Nine Months Ended

(Dollars in Millions)

October 28, 2023

October 29, 2022

October 28, 2023

October 29, 2022

Women's

$1,007

$1,106

$3,094

$3,422

Men's

792

867

2,296

2,442

Accessories (including Sephora)

620

498

1,703

1,346

Home

494

566

1,389

1,593

Children's

562

599

1,352

1,424

Footwear

368

416

1,042

1,159

Net Sales

$3,843

$4,052

$10,876

$11,386

 

Unredeemed gift cards and merchandise return card liabilities totaled $279 million as of October 28, 2023, $356 million as of January 28, 2023, and $285 million as of October 29, 2022. In the third quarter of 2023 and 2022, net sales recognized from gift cards redeemed in the current period and issued in prior years totaled $22 million in both periods. Year to date 2023 and 2022, net sales of $126 million and $135 million, respectively, were recognized during the current period from gift cards redeemed during the current year and issued in prior years.