XML 29 R19.htm IDEA: XBRL DOCUMENT v3.8.0.1
Revenue (Tables)
 3 Months Ended
May 05, 2018
Revenue from Contract with Customer [Abstract]  
Impact Of New Revenue Guidance
The impact of adoption on our Condensed Consolidated Balance Sheet for the period ended May 5, 2018 was as follows:
 
May 5, 2018
 
As Reported

 
Revenue Guidance Adjustment

 
Excluding Impact of Revenue Guidance

Assets
 
 
 
 
 
Merchandise inventories

$2,120

 

$52

 

$2,172

Prepaid expenses and other
291

 
(153
)
 
138

Other assets
317

 
94

 
411

 
 
 

 
 
Liabilities and Shareholders’ Equity
 
 
 
 
 
Other current liabilities
1,307

 
(101
)
 
1,206

Other liabilities
516

 
159

 
675

Accumulated deficit
(1,738
)
 
(65
)
 
(1,803
)
Summary Of Contract Liabilities
Our contract liabilities are as follows:
 
Contract Liabilities

Opening balance as of February 4, 2018

$498

Ending balance as of May 5, 2018
460
Disaggregated Net Sales
The following table summarizes our disaggregated net sales:
 
Quarter Ended
 
May 5, 20182

 
April 29, 2017

Full-price1

$2,240

 

$2,156

Off-price1
1,229

 
1,152

Other1
—

 
(29
)
Total net sales

$3,469

 

$3,279

1 We present our sales for 2018 and 2017 to align with how management views our results internally, including presenting 2018 under the new Revenue Guidance and allocating our sales return reserve to our Full-price and Off-price businesses. For 2017, Other primarily included unallocated sales return reserve, in-transit reserve and loyalty related adjustments necessary to reconcile sales by business to total net sales.
2 Total net sales in the first quarter of 2018 increased approximately 250 basis points due to the shift of a Nordstrom Rewards loyalty event into the first quarter of 2018 relative to the second quarter of 2017 and the adoption of the new Revenue Guidance. Full-price and Off-price net sales increased approximately 200 basis points and 100 basis points for the same impacts as total company, in addition to allocating sales return reserve and loyalty related adjustments to the Full-price and Off-price businesses.
Percent Of Net Sales By Merchandise Category Summary
The following table summarizes the percent of net sales by merchandise category:
 
 
Quarter Ended May 5, 2018

Women’s Apparel
 
33
%
Shoes
 
24
%
Men’s Apparel
 
15
%
Women’s Accessories
 
11
%
Beauty
 
11
%
Kids’ Apparel
 
3
%
Other
 
3
%
Total
 
100
%