Revenue

12 Months Ended

Feb. 01, 2020

Revenue [Abstract]

Revenue

8.  Revenue

We generate all of our revenue from contracts with customers from the sale of products and services. Contract balances primarily consist of receivables and contract liabilities related to product merchandise not yet delivered to customers, unredeemed gift cards, services not yet completed, and options that provide a material right to customers, such as our customer loyalty programs. Contract balances were as follows ($ in millions):

	February 1, 2020		February 2, 2019
Receivables(1)	$	567	$	565
Short-term contract liabilities included in:
Unredeemed gift cards		281		290
Deferred revenue		501		446
Accrued liabilities		139		146
Long-term contract liabilities included in:
Long-term liabilities		9		11

(1)Receivables are recorded net of allowances for doubtful accounts of $14 million and $13 million as of February 1, 2020, and February 2, 2019, respectively.

During fiscal 2020 and fiscal 2019, $890 million and $871 million of revenue was recognized, respectively, that was included in the contract liabilities at the beginning of the respective periods.

See Note 14, Segment and Geographic Information, for information on our revenue by reportable segment and product category.