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Revenue Recognition (Notes)
 12 Months Ended
Jan. 30, 2021
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Accounts receivable, net from revenue-generating activities were $125 million as of January 30, 2021 and $152 million as of February 1, 2020. 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, which are all impacted by seasonal and holiday-related sales patterns. The balance of deferred revenue was $371 million as of January 30, 2021 and $342 million as of February 1, 2020. The Company recognized $193 million as revenue in 2020 from amounts recorded as deferred revenue at the beginning of the period. As of January 30, 2021, the Company recorded deferred revenues of $361 million within Accrued Expenses and Other, and $10 million within Other Long-term Liabilities on the Consolidated Balance Sheet.
The following table provides a disaggregation of Net Sales for 2020, 2019 and 2018:
202020192018
(in millions)
Bath & Body Works Stores - U.S. and Canada$4,207 $4,212 $3,907 
Bath & Body Works Direct2,003 958 724 
Bath & Body Works International (a)224 185 145 
Total Bath & Body Works6,434 5,355 4,776 
Victoria’s Secret Stores - U.S. and Canada2,795 5,112 5,628 
Victoria’s Secret Direct2,223 1,693 1,747 
Victoria's Secret International (b)395 704 728 
Total Victoria’s Secret5,413 7,509 8,103 
Other (c)— 50 358 
Total Net Sales$11,847 $12,914 $13,237 
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(a)Results include royalties associated with franchised store and wholesale sales.
(b)Results include company-operated stores in the U.K. (pre-joint venture) and Greater China, royalties associated with franchised stores and wholesale sales.
(c)Results for 2019 include wholesale revenues to La Senza subsequent to the Company's divestiture of the business in 2018. Results for 2018 include store and direct sales for Henri Bendel and La Senza.