Revenue (Notes)
9 Months Ended
Oct. 31, 2020
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block]
6. 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 and nine months ended October 31, 2020 and November 2, 2019:
Three Months EndedNine Months Ended
($ in millions)October 31, 2020November 2, 2019October 31, 2020November 2, 2019
Women’s apparel$342 20 %$509 21 %$829 20 %$1,582 21 %
Men’s apparel and accessories340 20 %524 22 %84220 %1,539 21 %
Women’s accessories, including Sephora230 14 %328 14 %61915 %1,106 15 %
Home187 11 %229 10 %50412 %780 11 %
Footwear and handbags164 10 %281 12 %42810 %809 11 %
Kid’s, including toys169 10 %253 11 %362%669 %
Jewelry126 %106 %291%368 %
Services and other117 %154 %272%479 %
Total net sales$1,675 100 %$2,384 100 %$4,147 100 %$7,332 100 %
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)October 31, 2020November 2, 2019February 1, 2020
Gift cards$102 $110 $136 
Loyalty rewards67 63 58 
Total contract liability$169 $173 $194 

A rollforward of the amounts included in contract liability for the first nine months of 2020 and 2019 are as follows:
(in millions)20202019
Beginning balance$194 $200 
Current period gift cards sold and loyalty reward points earned114 246 
Net sales from amounts included in contract liability opening balances(54)(71)
Net sales from current period usage(85)(202)
Ending balance$169 $173