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Basis of Presentation Basis of Presentation (Tables)
 6 Months Ended
Aug. 04, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The cumulative effect of the changes made to our Condensed Consolidated Balance Sheet on February 4, 2018, for the adoption of this standard was as follows ($ in millions):
 
February 3, 2018
As Reported
 
ASU 2014-09 Adjustment on February 4, 2018
 
February 4, 2018 Adjusted
Assets
 
 
 
 
 
Other assets
$
374

 
$
(19
)
 
$
355

Liabilities
 
 
 
 
 
Unredeemed gift card liabilities
385

 
(69
)
 
316

Deferred revenue
453

 
(26
)
 
427

Accrued liabilities
864

 
(3
)
 
861

Accrued income taxes
137

 
6

 
143

Equity
 
 
 
 
 
Retained earnings
3,270

 
73

 
3,343



The following tables reflect the impact of adopting this standard on our Condensed Consolidated Balance Sheets as of August 4, 2018, and our Condensed Consolidated Statements of Earnings for the three and six months ended August 4, 2018 ($ in millions, except per share amounts):
 
August 4, 2018
Impact of Changes to Condensed Consolidated Balance Sheets
As Reported
 
Balances without Adoption of
ASU 2014-09
 
Effect of Change Higher/(Lower)(1)
Assets
 
 
 
 
 
Other current assets
$
510

 
$
461

 
$
49

Other assets
365

 
384

 
(19
)
Liabilities
 
 
 
 
 
Unredeemed gift card liabilities
275

 
344

 
(69
)
Deferred revenue
438

 
462

 
(24
)
Accrued liabilities
801

 
754

 
47

Accrued income taxes
12

 
6

 
6

Equity
 
 
 
 

Retained earnings
2,863

 
2,793

 
70

(1)
Effect of change includes the opening retained earnings adjustment as detailed within the table above.
 
Three Months Ended August 4, 2018
Impact of Changes to Condensed Consolidated Statements of Earnings
As Reported
 
Balances without Adoption of
ASU 2014-09
 
Effect of Change Higher/(Lower)
Revenue
$
9,379

 
$
9,368

 
$
11

Cost of goods sold
7,150

 
7,138

 
12

Gross profit
2,229

 
2,230

 
(1
)
Operating income
335

 
336

 
(1
)
Income tax expense
85

 
85

 
—

Net earnings
244

 
245

 
(1
)
 
 
 
 
 
 
Basic earnings per share
$
0.88

 
$
0.88

 
$
—

Diluted earnings per share
$
0.86

 
$
0.86

 
$
—


 
Six Months Ended August 4, 2018
Impact of Changes to Condensed Consolidated Statements of Earnings
As Reported
 
Balances without Adoption of
ASU 2014-09
 
Effect of Change Higher/(Lower)
Revenue
$
18,488

 
$
18,468

 
$
20

Cost of goods sold
14,134

 
14,111

 
23

Gross profit
4,354

 
4,357

 
(3
)
Operating income
600

 
603

 
(3
)
Income tax expense
134

 
135

 
(1
)
Net earnings
452

 
454

 
(2
)
 
 
 
 
 
 
Basic earnings per share
$
1.61

 
$
1.62

 
$
(0.01
)
Diluted earnings per share
$
1.58

 
$
1.59

 
$
(0.01
)


Total Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Condensed Consolidated Balance Sheets to the total shown within the Condensed Consolidated Statements of Cash Flows as of August 4, 2018, February 3, 2018, and July 29, 2017 ($ in millions):
 
August 4, 2018
 
February 3, 2018
 
July 29, 2017
Cash and cash equivalents
$
1,865

 
$
1,101

 
$
1,365

Restricted cash included in Other current assets
203

 
199

 
196

Total cash, cash equivalents and restricted cash
$
2,068

 
$
1,300

 
$
1,561