Annual report pursuant to Section 13 and 15(d)

Revenue Contract with Customer Liability (Tables)

v3.20.1
Revenue Contract with Customer Liability (Tables)
12 Months Ended
Feb. 01, 2020
Revenue from Contract with Customer [Abstract]  
Contract with Customer, Liability
The liabilities are included in Other accounts payable and accrued expenses in the Consolidated Balance Sheets and were as follows:
(in millions)
2019
 
2018
Gift cards
$
136

 
$
140

Loyalty rewards
58

 
60

Total contract liability
$
194

 
$
200


Change in Contract with Customer, Liability Rollforward [Table Text Block]
A rollforward of the amounts included in contract liability for 2019 and 2018 are as follows:
(in millions)
2019
 
2018
Beginning balance
$
200

 
$
217

Current period gift cards sold and loyalty reward points earned
401

 
422

Net sales from amounts included in contract liability opening balances
(72
)
 
(80
)
Net sales from current period usage
(335
)
 
(359
)
Ending balance
$
194

 
$
200