Revenue (Notes)
3 Months Ended
May 02, 2020
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] Revenue
Our contracts with customers primarily consist of sales of merchandise and services at the point of sale, sales of gift cards to a customer for a future purchase, customer loyalty rewards that provide discount rewards to customers based on purchase activity, and certain licensing and profit-sharing arrangements involving the use of our intellectual property by others.
Revenue includes Total net sales and Credit income and other. Net sales are categorized by merchandise and service sale groupings as we believe it best depicts the nature, amount, timing and uncertainty of revenue and cash flow.
The following table provides the components of Net sales for the three months ended May 2, 2020 and May 4, 2019:
Three Months Ended
($ in millions)May 2, 2020May 4, 2019
Women’s apparel$216  20 %$515  21 %
Men’s apparel and accessories21319 %478  20 %
Women’s accessories, including Sephora17016 %377  15 %
Home14513 %305  13 %
Footwear and handbags11711 %256  10 %
Kid’s, including toys85%200  %
Jewelry75%138  %
Services and other61%170  %
Total net sales$1,082  100 %$2,439  100 %
Credit income and other encompasses the revenue earned from the agreement with Synchrony Financial (Synchrony) associated with our private label credit card and co-branded MasterCard® programs.
The Company has contract liabilities associated with the sales of gift cards and our customer loyalty program. These liabilities include consideration received for gift card and loyalty related performance obligations which have not been satisfied as of a given date. The liabilities are included in Other accounts payable and accrued expenses in the unaudited Interim Consolidated Balance Sheets and were as follows:
(in millions)May 2, 2020May 4, 2019February 1, 2020
Gift cards$123  $121  $136  
Loyalty rewards60  61  58  
Total contract liability$183  $182  $194  

A rollforward of the amounts included in contract liability for the first three months of 2020 and 2019 are as follows:
(in millions)20202019
Beginning balance$194  $200  
Current period gift cards sold and loyalty reward points earned37  78  
Net sales from amounts included in contract liability opening balances(23) (36) 
Net sales from current period usage(25) (60) 
Ending balance$183  $182