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Revenue Recognition
9 Months Ended
Nov. 02, 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

Nine Months Ended

(Dollars in Millions)

November 2, 2024

October 28, 2023

November 2, 2024

October 28, 2023

Women's

$869

$1,007

$2,796

$3,094

Men's

701

792

2,041

2,296

Accessories (including Sephora)

650

620

1,934

1,703

Home

473

494

1,301

1,389

Children's

486

562

1,189

1,352

Footwear

328

368

949

1,042

Net Sales

$3,507

$3,843

$10,210

$10,876

 

Unredeemed gift cards and merchandise return card liabilities totaled $263 million as of November 2, 2024, $327 million as of February 3, 2024, and $279 million as of October 28, 2023. In the third quarter of 2024 and 2023, net sales of $19 million and $22 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 $107 million and $126 million, respectively, were recognized during the current period from gift cards redeemed during the current year and issued in prior years.