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NET SALES
 9 Months Ended
Oct. 29, 2023
Revenue from Contract with Customer [Abstract]  
Net Sales NET SALES
The following table presents net sales, classified by geography:
Three Months EndedNine Months Ended
in millionsOctober 29,
2023		October 30,
2022		October 29,
2023		October 30,
2022
Net sales – in the U.S.
$34,544 $35,784 $108,242 $111,834 
Net sales – outside the U.S.
3,166 3,088 9,641 9,738 
Net sales
$37,710 $38,872 $117,883 $121,572 
The following table presents net sales by products and services:
Three Months EndedNine Months Ended
in millionsOctober 29,
2023		October 30,
2022		October 29,
2023		October 30,
2022
Net sales – products$36,156 $37,448 $113,405 $117,261 
Net sales – services1,554 1,424 4,478 4,311 
Net sales
$37,710 $38,872 $117,883 $121,572 
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 line (and related services):
Three Months EndedNine Months Ended
in millionsOctober 29,
2023		October 30,
2022		October 29,
2023		October 30,
2022
Building Materials$14,744 $15,343 $44,214 $46,095 
Décor12,653 13,070 38,315 40,040 
Hardlines10,313 10,459 35,354 35,437 
Net sales$37,710 $38,872 $117,883 $121,572 
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 October 29, 2023 and January 29, 2023, deferred revenue for products and services was $1.8 billion and $2.0 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 October 29, 2023 and January 29, 2023, our performance obligations for unredeemed gift cards were $1.0 billion and $1.1 billion, respectively. Gift card breakage income, which is our estimate of the portion of our outstanding gift card balance not expected to be redeemed, was immaterial during the three and nine months ended October 29, 2023 and October 30, 2022.