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Revenue Recognition
6 Months Ended
Aug. 03, 2024
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)

August 3, 2024

July 29, 2023

August 3, 2024

July 29, 2023

Women's

$1,004

$1,099

$1,927

$2,087

Men's

740

809

1,340

1,504

Accessories (including Sephora)

666

571

1,284

1,083

Home

436

462

828

895

Children's

359

387

703

790

Footwear

320

350

621

674

Net Sales

$3,525

$3,678

$6,703

$7,033

 

Unredeemed gift cards and merchandise return card liabilities totaled $270 million as of August 3, 2024, $327 million as of February 3, 2024, and $292 million as of July 29, 2023. In the second quarter of 2024 and 2023, net sales of $31 million and $36 million, respectively, were recognized from gift cards redeemed in the current period and issued in prior years. Year to date 2024 and 2023, net sales of $88 million and $104 million, respectively, were recognized during the current period from gift cards redeemed during the current year and issued in prior years.