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Revenue Recognition
 6 Months Ended
Aug. 02, 2025
Revenue Recognition and Deferred Revenue [Abstract]  
Revenue Recognition Revenue Recognition
Accounts receivable, net from revenue-generating activities were $75 million as of August 2, 2025, $81 million as of February 1, 2025 and $87 million as of August 3, 2024. These accounts receivable primarily relate to amounts due from the Company’s franchise, license and wholesale partners. Under these arrangements, payment terms are typically 45 to 75 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 points and rewards, and direct channel shipments not received by the customer, which are all impacted by seasonal and holiday-related sales patterns. Deferred revenue, which is recorded within Accrued Expenses and Other on the Consolidated Balance Sheets, was $172 million as of August 2, 2025, $197 million as of February 1, 2025 and $166 million as of August 3, 2024. The Company recognized $87 million as revenue year-to-date 2025 from amounts recorded as deferred revenue at the beginning of the Company’s fiscal year.
The following table provides a disaggregation of Net Sales for the second quarters of and year-to-date 2025 and 2024:
Second QuarterYear-to-Date
2025202420252024
(in millions)
Stores - U.S. and Canada (a)$1,196 $1,140 $2,307 $2,205 
Direct - U.S. and Canada267 297 517 558 
International (b)86 89 150 147 
Total Net Sales$1,549 $1,526 $2,974 $2,910 
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(a)Results include fulfilled buy online pick up in store orders.
(b)Results include royalties associated with franchised stores and wholesale sales.
The Company’s Net Sales outside of the U.S. include sales from Company-operated stores and its e-commerce site in Canada, royalties associated with franchised stores and wholesale sales. Certain of these sales are subject to the impact of fluctuations in foreign currency. The Company’s Net Sales outside of the U.S. totaled $167 million and $164 million for the second quarters of 2025 and 2024, respectively, and $299 million and $289 million for year-to-date 2025 and 2024, respectively