Revenue

12 Months Ended

Jan. 30, 2021

Revenue [Abstract]

Revenue

10.   Revenue

We generate substantially all of our revenue from contracts with customers from the sale of products and services. Contract balances primarily consist of receivables and 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):

	January 30, 2021		February 1, 2020
Receivables(1)	$	618	$	567
Short-term contract liabilities included in:
Unredeemed gift cards		317		281
Deferred revenue		711		501
Accrued liabilities		71		139
Long-term contract liabilities included in:
Long-term liabilities		7		9

(1)Receivables are recorded net of allowances for doubtful accounts of $32 million and $14 million as of January 30, 2021, and February 1, 2020, respectively.

During fiscal 2021 and fiscal 2020, $923 million and $890 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.