v3.26.1
Revenue
 3 Months Ended
May 02, 2026
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] Revenue
We disaggregate our net sales by channel and also by brand and region. Net sales by region are allocated based on the location of the store where the customer paid for and received the merchandise; the distribution center or store from which the products were shipped; or the region of the franchise or licensing partner.
Net sales disaggregated by channel are as follows:
13 Weeks Ended
($ in millions)May 2, 2026May 3, 2025
Store and franchise sales$2,162 $2,107 
Online sales (1)1,335 1,356 
Total net sales$3,497 $3,463 
__________
(1)Online sales primarily include sales originating from our online channel including those that are picked up or shipped from stores and net sales from revenue-generating strategic initiatives.
Net sales disaggregated by brand and region are as follows:
($ in millions)Old Navy GlobalGap GlobalBanana Republic GlobalAthleta GlobalOther (2)Total
13 Weeks Ended May 2, 2026
U.S. (1)$1,834 $608 $375 $262 $4 $3,083 
Canada150 68 37 7 — 262 
Other regions12 120 19 1 — 152 
Total$1,996 $796 $431 $270 $4 $3,497 
($ in millions)Old Navy GlobalGap GlobalBanana Republic GlobalAthleta GlobalOther (2)Total
13 Weeks Ended May 3, 2025
U.S. (1)$1,826 $545 $373 $299 $22 $3,065 
Canada140 61 35 8 — 244 
Other regions15 118 20 1 — 154 
Total$1,981 $724 $428 $308 $22 $3,463 
__________
(1)U.S. includes the United States and Puerto Rico.
(2)Primarily consists of net sales from revenue-generating strategic initiatives.
We defer revenue when cash payments are received in advance of performance for unsatisfied obligations related to our gift cards, licensing agreements, outstanding loyalty points, and reimbursements of loyalty program rewards associated with our credit card agreement. For the 13 weeks ended May 2, 2026, the opening balance of deferred revenue for these obligations was $272 million, of which $85 million was recognized as revenue during the period. The closing balance of deferred revenue for these obligations was $259 million as of May 2, 2026.
For the 13 weeks ended May 3, 2025, the opening balance of deferred revenue for these obligations was $273 million, of which $94 million was recognized as revenue during the period. The closing balance of deferred revenue for these obligations was $249 million as of May 3, 2025.
As part of our credit card program agreements with Barclays and Mastercard, we received an upfront payment of $60 million prior to the program launch in May 2022, which is being recognized as revenue over the term of the agreements. We also receive revenue sharing from our credit card agreement for private label and co-branded credit cards.