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Net Sales
 3 Months Ended
May 01, 2022
Revenue from Contract with Customer [Abstract]  
Net Sales NET SALES
The following table presents net sales, classified by geography:
Three Months Ended
in millionsMay 1,
2022		May 2,
2021
Net sales – in the U.S.
$36,006 $34,717 
Net sales – outside the U.S.
2,902 2,783 
Net sales
$38,908 $37,500 
The following table presents net sales by products and services:
Three Months Ended
in millionsMay 1,
2022		May 2,
2021
Net sales – products$37,465 $36,271 
Net sales – services1,443 1,229 
Net sales
$38,908 $37,500 
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 1,
2022		May 2,
2021
Building Materials$14,869 $13,660 
Décor12,874 11,882 
Hardlines11,165 11,958 
Net sales$38,908 $37,500 
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 typically three months or less. As of May 1, 2022 and January 30, 2022, deferred revenue for products and services was $2.7 billion and $2.6 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, which generally occurs within six months of gift card issuance. As of May 1, 2022 and January 30, 2022, our performance obligations for unredeemed gift cards were $944 million and $1.0 billion, 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 1, 2022 and May 2, 2021.