Quarterly report pursuant to Section 13 or 15(d)

Revenue Contract with Customer Liability (Tables)

v3.20.2
Revenue Contract with Customer Liability (Tables)
3 Months Ended
May 02, 2020
Revenue from Contract with Customer [Abstract]  
Contract with Customer, Liability [Table Text Block] 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, 2020 May 4, 2019 February 1, 2020
Gift cards $ 123    $ 121    $ 136   
Loyalty rewards 60    61    58   
Total contract liability $ 183    $ 182    $ 194   
Change in Contract with Customer, Liability Rollforward [Table Text Block] A rollforward of the amounts included in contract liability for the first three months of 2020 and 2019 are as follows:
(in millions) 2020 2019
Beginning balance $ 194    $ 200   
Current period gift cards sold and loyalty reward points earned 37    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