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Basis of Presentation Basis of Presentation (Tables) | 9 Months Ended
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Nov. 03, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The cumulative effect of the changes made to our Condensed Consolidated Balance Sheets on February 4, 2018, for the adoption of this standard was as follows ($ in millions):
| February 3, 2018 As Reported |  | ASU 2014-09 Adjustment on February 4, 2018 |  | February 4, 2018 Adjusted
Assets |  |  |  |  |
Other assets | $ | 374 |  |  | $ | (19 | ) |  | $ | 355 |
Liabilities |  |  |  |  |
Unredeemed gift card liabilities | 385 |  |  | (69 | ) |  | 316 |
Deferred revenue | 453 |  |  | (26 | ) |  | 427 |
Accrued liabilities | 864 |  |  | (3 | ) |  | 861 |
Accrued income taxes | 137 |  |  | 6 |  |  | 143 |
Equity |  |  |  |  |
Retained earnings | 3,270 |  |  | 73 |  |  | 3,343 |
The following tables reflect the impact of adopting this standard on our Condensed Consolidated Balance Sheets as of November 3, 2018, and our Condensed Consolidated Statements of Earnings for the three and nine months ended November 3, 2018 ($ in millions, except per share amounts):
| November 3, 2018
Impact of Changes to Condensed Consolidated Balance Sheets | As Reported |  | Balances without Adoption of ASU 2014-09 |  | Effect of Change Higher/(Lower)(1)
Assets |  |  |  |  |
Other current assets | $ | 508 |  |  | $ | 459 |  |  | $ | 49 |
Other assets | 653 |  |  | 672 |  |  | (19 | )
Liabilities |  |  |  |  |
Unredeemed gift card liabilities | 281 |  |  | 349 |  |  | (68 | )
Deferred revenue | 449 |  |  | 472 |  |  | (23 | )
Accrued liabilities | 823 |  |  | 777 |  |  | 46 |
Accrued income taxes | 21 |  |  | 15 |  |  | 6 |
Equity |  |  |  |  |
Retained earnings | 2,685 |  |  | 2,616 |  |  | 69 |
(1) | Effect of change includes the opening retained earnings adjustment as detailed within the table above.
| Three Months Ended November 3, 2018
Impact of Changes to Condensed Consolidated Statements of Earnings | As Reported |  | Balances without Adoption of ASU 2014-09 |  | Effect of Change Higher/(Lower)
Revenue | $ | 9,590 |  |  | $ | 9,575 |  |  | $ | 15 |
Cost of goods sold | 7,266 |  |  | 7,250 |  |  | 16 |
Gross profit | 2,324 |  |  | 2,325 |  |  | (1 | )
Operating income | 322 |  |  | 323 |  |  | (1 | )
Income tax expense | 53 |  |  | 53 |  |  | — |
Net earnings | 277 |  |  | 278 |  |  | (1 | )
Basic earnings per share | $ | 1.01 |  |  | $ | 1.01 |  |  | $ | — |
Diluted earnings per share | $ | 0.99 |  |  | $ | 0.99 |  |  | $ | — |
| Nine Months Ended November 3, 2018
Impact of Changes to Condensed Consolidated Statements of Earnings | As Reported |  | Balances without Adoption of ASU 2014-09 |  | Effect of Change Higher/(Lower)
Revenue | $ | 28,078 |  |  | $ | 28,043 |  |  | $ | 35 |
Cost of goods sold | 21,400 |  |  | 21,361 |  |  | 39 |
Gross profit | 6,678 |  |  | 6,682 |  |  | (4 | )
Operating income | 922 |  |  | 926 |  |  | (4 | )
Income tax expense | 187 |  |  | 188 |  |  | (1 | )
Net earnings | 729 |  |  | 732 |  |  | (3 | )
Basic earnings per share | $ | 2.62 |  |  | $ | 2.63 |  |  | $ | (0.01 | )
Diluted earnings per share | $ | 2.57 |  |  | $ | 2.58 |  |  | $ | (0.01 | )
SEC Disclosure Update In the third quarter of fiscal 2019, the U.S. Securities and Exchange Commission ("SEC") adopted the final rule under SEC Release No. 33-10532, Disclosure Update and Simplification, amending certain disclosure requirements that have become redundant, duplicative, overlapping, outdated or superseded. Other than the amendment's expanded disclosure requirement for interim financial statements to include both current and comparative quarter- and year-to-date reconciliations of changes in shareholders' equity, it did not have a material impact on our interim disclosures or financial statements, nor do we expect it to have a material impact on our annual disclosures or financial statements. Total Cash, Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Condensed Consolidated Balance Sheets to the total shown within the Condensed Consolidated Statements of Cash Flows as of November 3, 2018, February 3, 2018, and October 28, 2017 ($ in millions):
| November 3, 2018 |  | February 3, 2018 |  | October 28, 2017
Cash and cash equivalents | $ | 1,228 |  |  | $ | 1,101 |  |  | $ | 1,103 |
Restricted cash included in Other current assets | 211 |  |  | 199 |  |  | 197 |
Total cash, cash equivalents and restricted cash | $ | 1,439 |  |  | $ | 1,300 |  |  | $ | 1,300 |

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