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Net Sales
 3 Months Ended
May 02, 2021
Revenue from Contract with Customer [Abstract]  
Net Sales NET SALES
Net Sales
No sales to an individual customer accounted for more than 10% of our net sales during the three months ended May 2, 2021 or May 3, 2020. The following table presents net sales, classified by geography:
Three Months Ended
in millionsMay 2,
2021		May 3,
2020
Net sales – in the U.S.
$34,717 $26,418 
Net sales – outside the U.S.
2,783 1,842 
Net sales
$37,500 $28,260 
The following table presents net sales by products and services:
Three Months Ended
in millionsMay 2,
2021		May 3,
2020
Net sales – products$36,271 $27,305 
Net sales – services1,229 955 
Net sales
$37,500 $28,260 
The following table presents major product lines and the related merchandising departments (and related services):
Major Product LineMerchandising Departments
Building MaterialsBuilding Materials, Electrical/Lighting, Lumber, Millwork, and Plumbing
DécorAppliances, Décor/Storage, Flooring, Kitchen and Bath, and Paint
HardlinesHardware, Indoor Garden, Outdoor Garden, and Tools
The following table presents net sales by major product lines (and related services):
Three Months Ended
in millionsMay 2,
2021		May 3,
2020
Building Materials$13,660 $9,816 
Décor11,882 9,306 
Hardlines11,958 9,138 
Net sales$37,500 $28,260 
Deferred Revenue
For product and services sold in stores or online, payment is typically due at the point of sale. When we receive payment from customers before the customer has taken possession of the merchandise or the service has been performed, the amount received is recorded as deferred revenue until the sale or service is complete. Such performance obligations are part of contracts with expected original durations of three months or less. As of May 2, 2021 and January 31, 2021, deferred revenue for products and services was $2.5 billion and $1.9 billion, respectively.
We further record deferred revenue for the sale of gift cards and recognize the associated revenue upon the redemption of those gift cards in net sales, which generally occurs within six months of gift card issuance. As of May 2, 2021 and January 31, 2021, our performance obligations for unredeemed gift cards were $793 million and $839 million, respectively. Gift card breakage income, which is our estimate of the portion of our gift card balance not expected to be redeemed, was immaterial during the three months ended May 2, 2021 and May 3, 2020.