v3.26.1
Revenue
 6 Months Ended
Aug. 01, 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 Ended26 Weeks Ended
($ in millions)August 1, 2026August 2, 2025August 1, 2026August 2, 2025
Store and franchise sales$2,379 $2,440 $4,541 $4,547 
Online sales (1)1,272 1,285 2,607 2,641 
Total net sales$3,651 $3,725 $7,148 $7,188 
__________
(1)Online sales primarily include sales originating from our online channel including those that are picked up or shipped from stores and net sales from revenue-generating strategic initiatives.
Net sales disaggregated by brand and region are as follows:
($ in millions)Old Navy GlobalGap GlobalBanana Republic GlobalAthleta GlobalOther (2)Total
13 Weeks Ended August 1, 2026
U.S. (1)$1,897 $654 $413 $255 $4 $3,223 
Canada152 81 45 8 — 286 
Other regions12 109 20 1 — 142 
Total$2,061 $844 $478 $264 $4 $3,651 
($ in millions)Old Navy GlobalGap GlobalBanana Republic GlobalAthleta GlobalOther (2)Total
13 Weeks Ended August 2, 2025
U.S. (1)$1,978 $581 $408 $290 $28 $3,285 
Canada157 76 46 9 — 288 
Other regions15 115 21 1 — 152 
Total$2,150 $772 $475 $300 $28 $3,725 
($ in millions)Old Navy GlobalGap GlobalBanana Republic GlobalAthleta GlobalOther (2)Total
26 Weeks Ended August 1, 2026
U.S. (1)$3,731 $1,262 $788 $517 $8 $6,306 
Canada302 149 82 15 — 548 
Other regions24 229 39 2 — 294 
Total$4,057 $1,640 $909 $534 $8 $7,148 
($ in millions)Old Navy GlobalGap GlobalBanana Republic GlobalAthleta GlobalOther (2)Total
26 Weeks Ended August 2, 2025
U.S. (1)$3,804 $1,126 $781 $589 $50 $6,350 
Canada297 137 81 17 — 532 
Other regions30 233 41 2 — 306 
Total$4,131 $1,496 $903 $608 $50 $7,188 
__________
(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 August 1, 2026, the opening balance of deferred revenue for these obligations was $259 million, of which $78 million was recognized as revenue during the period. For the 26 weeks ended August 1, 2026, the opening balance of deferred revenue for these obligations was $272 million, of which $126 million was recognized as revenue during the period. The closing balance of deferred revenue for these obligations was $256 million as of August 1, 2026.
For the 13 weeks ended August 2, 2025, the opening balance of deferred revenue for these obligations was $249 million, of which $84 million was recognized as revenue during the period. For the 26 weeks ended August 2, 2025, the opening balance of deferred revenue for these obligations was $273 million, of which $137 million was recognized as revenue during the period. The closing balance of deferred revenue for these obligations was $248 million as of August 2, 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.