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Net Sales
 6 Months Ended
Aug. 01, 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 and six months ended August 1, 2021 or August 2, 2020. The following table presents net sales, classified by geography:
Three Months EndedSix Months Ended
in millionsAugust 1,
2021		August 2,
2020		August 1,
2021		August 2,
2020
Net sales – in the U.S.
$37,642 $35,205 $72,359 $61,623 
Net sales – outside the U.S.
3,476 2,848 6,259 4,690 
Net sales
$41,118 $38,053 $78,618 $66,313 
The following table presents net sales by products and services:
Three Months EndedSix Months Ended
in millionsAugust 1,
2021		August 2,
2020		August 1,
2021		August 2,
2020
Net sales – products$39,717 $36,990 $75,988 $64,295 
Net sales – services1,401 1,063 2,630 2,018 
Net sales
$41,118 $38,053 $78,618 $66,313 
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 EndedSix Months Ended
in millionsAugust 1,
2021		August 2,
2020		August 1,
2021		August 2,
2020
Building Materials$14,411 $12,556 $28,071 $22,372 
Décor13,395 11,790 25,277 21,096 
Hardlines13,312 13,707 25,270 22,845 
Net sales$41,118 $38,053 $78,618 $66,313 
Deferred Revenue
For products 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 August 1, 2021 and January 31, 2021, deferred revenue for products and services was $2.6 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 August 1, 2021 and January 31, 2021, our performance obligations for unredeemed gift cards were $801 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 and six months ended August 1, 2021 and August 2, 2020.