Revenue (Tables)

3 Months Ended

May 02, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Contract Balances and Changes in Contract Balances

Contract balances primarily relate to unfulfilled membership benefits and services not yet completed, product merchandise not yet delivered to customers, unredeemed gift cards and deferred revenue from our private label and co-branded credit card arrangement. Contract balances were as follows ($ in millions):


	May 2, 2026		January 31, 2026		May 3, 2025
Receivables, net(1)	$	528	$	538	$	461
Short-term contract liabilities included in:
Unredeemed gift card liabilities	229		235		246
Deferred revenue	843		900		891
Accrued liabilities	64		57		59
Long-term contract liabilities included in:
Long-term liabilities	197		205		221

(1)Receivables are recorded net of allowances for expected credit losses of $13 million, $17 million and $15 million as of May 2, 2026, January 31, 2026, and May 3, 2025, respectively.

Schedule of Expected Timing for Satisfying Remaining Performance Obligation

Estimated revenue from our contract liability balances expected to be recognized in future periods if the performance of the contract is expected to have an initial duration of more than one year is as follows ($ in millions):


Fiscal Year	Amount
Remainder of fiscal 2027	$	27
Fiscal 2028	33
Fiscal 2029	29
Fiscal 2030	28
Fiscal 2031	27
Fiscal 2032	26
Thereafter	63