Revenue (Tables)

6 Months Ended

Aug. 01, 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):


	August 1, 2026		January 31, 2026		August 2, 2025
Receivables, net(1)	$	545	$	538	$	486
Short-term contract liabilities included in:
Unredeemed gift card liabilities	216		235		230
Deferred revenue	912		900		889
Accrued liabilities	75		57		60
Long-term contract liabilities included in:
Long-term liabilities	191		205		213

(1)Receivables are recorded net of allowances for expected credit losses of $14 million, $17 million and $14 million as of August 1, 2026, January 31, 2026, and August 2, 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	$	19
Fiscal 2028	34
Fiscal 2029	29
Fiscal 2030	28
Fiscal 2031	27
Fiscal 2032	26
Thereafter	63