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Revenue Recognition | 9 Months Ended
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Nov. 02, 2019
Revenue Recognition and Deferred Revenue [Abstract] |
Revenue Recognition | Revenue Recognition Accounts receivable, net from revenue-generating activities were $147 million as of November 2, 2019, $150 million as of February 2, 2019 and $160 million as of November 3, 2018. Accounts receivable primarily relate to amounts due from the Company's franchise, license and wholesale partners. Under these arrangements, payment terms are typically 60 to 90 days. The Company records deferred revenue when cash payments are received in advance of transfer of control of goods or services. Deferred revenue primarily relates to gift cards, loyalty and private label credit card programs and direct channel shipments not yet delivered, which are all impacted by seasonal and holiday-related sales patterns. Deferred revenue was $280 million as of November 2, 2019, $331 million as of February 2, 2019 and $271 million as of November 3, 2018. The Company recognized $190 million as revenue year-to-date in 2019 from amounts recorded as deferred revenue at the beginning of the period. As of November 2, 2019, the Company recorded deferred revenue of $267 million within Accrued Expenses and Other, and $13 million within Other Long-term Liabilities on the Consolidated Balance Sheet. The following table provides a disaggregation of Net Sales for the third quarter and year-to-date 2019 and 2018:
| Third Quarter |  | Year-to-Date
| 2019 |  | 2018 |  | 2019 |  | 2018
| (in millions)
Victoria’s Secret Stores (a) | $ | 1,081 |  |  | $ | 1,178 |  |  | $ | 3,462 |  |  | $ | 3,778 |
Victoria’s Secret Direct | 331 |  |  | 351 |  |  | 1,067 |  |  | 1,065 |
Total Victoria’s Secret | 1,412 |  |  | 1,529 |  |  | 4,529 |  |  | 4,843 |
Bath & Body Works Stores (a) | 872 |  |  | 808 |  |  | 2,469 |  |  | 2,281 |
Bath & Body Works Direct | 192 |  |  | 148 |  |  | 527 |  |  | 399 |
Total Bath & Body Works | 1,064 |  |  | 956 |  |  | 2,996 |  |  | 2,680 |
Victoria's Secret and Bath & Body Works International (b) | 134 |  |  | 134 |  |  | 423 |  |  | 415 |
Other (c) | 67 |  |  | 156 |  |  | 259 |  |  | 447 |
Total Net Sales | $ | 2,677 |  |  | $ | 2,775 |  |  | $ | 8,207 |  |  | $ | 8,385 |
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(a) | Includes company-owned stores in the U.S. and Canada.
(b) | Includes company-owned stores in the U.K., Ireland and Greater China, direct sales in Greater China and wholesale sales, royalties and other fees associated with non-company owned stores.
(c) Includes wholesale revenues from the Company's sourcing function. Results for 2018 also include store and direct sales for La Senza and Henri Bendel.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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