Revenue Recognition (Tables)

3 Months Ended

May 04, 2019

Contract Balances and Changes in Contract Balances

The following table provides information about receivables and contract liabilities from our contracts with customers, which reflects the aggregate amount of the transaction price allocated to the performance obligations that are unsatisfied as of May 4, 2019, February 2, 2019, and May 5, 2018 ($ in millions):



	May 4, 2019		February 2, 2019		May 5, 2018
Receivables, net(1)	$	484	$	565	$	582
Short-term contract liabilities included in:
Unredeemed gift cards		265		290		285
Deferred revenue		409		446		371
Accrued liabilities		139		146		139
Long-term contract liabilities included in:
Long-term liabilities		10		11		20

(1)

Receivables are recorded net of allowances for doubtful accounts of $12 million, $13 million, and $26 million as of May 4, 2019, February 2, 2019, and May 5, 2018, respectively.

We establish allowances for uncollectible receivables based on historical collection trends and write-off history. The following table summarizes our allowance for doubtful accounts activity related to contracts with customers during the three months ended May 4, 2019, and May 5, 2018 ($ in millions):



	Allowance for Doubtful Accounts
Balances at February 2, 2019	$	13
Charged to expenses or other accounts		10
Other(1)		(11)
Balances at May 4, 2019	$	12

Balances at February 4, 2018	$	24
Charged to expenses or other accounts		11
Other(1)		(9)
Balances at May 5, 2018	$	26

(1)Includes bad debt write-offs, recoveries and the effect of foreign currency fluctuations.

Expected Timimg for Satisfying Remaining Performance Obligation



	May 4, 2019(1)
Remainder of fiscal 2020	$	9
Fiscal 2021		7
Fiscal 2022		3
Fiscal 2023		1
Thereafter		-

(1)Amounts exclude unsatisfied performance obligations from contract liability balances with a duration of one year or less. The estimated transaction price revenue disclosed above also does not include amounts of variable consideration attributable to contracts where the consideration is constrained at May 4, 2019.