Revenue - USD ($)
$ in Millions

3 Months Ended

Apr. 29, 2023

Apr. 30, 2022

Revenue from Contract with Customer [Abstract]

Liabilities, Other than Long-term Debt, Noncurrent

$ 60

Revenue from Contract with Customer [Text Block]

Revenue

Disaggregation of Net Sales

We disaggregate our net sales by channel and also by brand and region. Net sales by region are allocated based on the location of the store where the customer paid for and received the merchandise or the distribution center or store from which the products were shipped.

Net sales disaggregated by channel are as follows:

	13 Weeks Ended
($ in millions)	April 29, 2023		April 30, 2022
Store and franchise sales	$	2,053	$	2,137
Online sales (1)	1,223		1,340
Total net sales	$	3,276	$	3,477

__________

(1)Online sales primarily include sales originating from our online channel including those that are picked up or shipped from stores and net sales from revenue-generating strategic initiatives.

Net sales disaggregated by brand and region are as follows:

($ in millions)	Old Navy Global		Gap Global		Banana Republic Global		Athleta Global		Other (2)		Total
13 Weeks Ended April 29, 2023
U.S. (1)	$	1,659	$	496	$	374	$	309	$	3	$	2,841
Canada	145		61		36		10		—		252
Europe	—		29		1		1		—		31
Asia	1		77		14		—		—		92
Other regions	23		29		7		1		—		60
Total	$	1,828	$	692	$	432	$	321	$	3	$	3,276

($ in millions)	Old Navy Global		Gap Global		Banana Republic Global		Athleta Global		Other (2)		Total
13 Weeks Ended April 30, 2022
U.S. (1)	$	1,673	$	497	$	416	$	344	$	3	$	2,933
Canada	147		64		43		9		—		263
Europe	1		54		1		2		—		58
Asia	—		141		16		—		—		157
Other regions	20		35		6		5		—		66
Total	$	1,841	$	791	$	482	$	360	$	3	$	3,477

__________

(1)U.S. includes the United States and Puerto Rico.

(2)Primarily consists of net sales from revenue-generating strategic initiatives.

Deferred Revenue

We defer revenue when cash payments are received in advance of performance for unsatisfied obligations related to our gift cards, licensing agreements, outstanding loyalty points, and reimbursements of loyalty program discounts associated with our credit card agreement. For the 13 weeks ended April 29, 2023, the opening balance of deferred revenue for these obligations was $354 million, of which $131 million was recognized as revenue during the period. The closing balance of deferred revenue for these obligations was $334 million as of April 29, 2023.

For the 13 weeks ended April 30, 2022, the opening balance of deferred revenue for these obligations was $345 million, of which $127 million was recognized as revenue during the period. The closing balance of deferred revenue for these obligations was $323 million as of April 30, 2022.

In April 2021, the Company entered into agreements with Barclays and Mastercard relating to a new long-term credit card program. In May 2022, the Company launched the new credit card program with Barclays and Mastercard and accordingly, our prior credit card program with Synchrony Financial was discontinued. The Company received an upfront payment of $60 million related to the new agreements prior to the program launch, which is being recognized as revenue over the term of the agreements.