v3.19.1

New Lease Accounting Standard (Tables)

3 Months Ended

Apr. 28, 2019

Leases [Abstract]

Schedule of future minimum lease payments

Future minimum lease payments under our non-cancelable operating leases as of April 28, 2019, are as follows:   

	Operating Lease Obligations
	(In millions)
Fiscal Year:
2020 (excluding first quarter of fiscal year 2020)	$	77
2021	100
2022	92
2023	79
2024	57
2025 and thereafter	277
Total	682
Less imputed interest	116
Present value of net future minimum lease payments	566
Less short-term operating lease liabilities	80
Long-term operating lease liabilities	$	486

Schedule of other information related to leases

Other information related to leases was as follows:

	Three Months Ended
	April 28, 2019
	(In millions)
Supplemental cash flows information
Operating cash flows used for operating leases	$	24
Operating lease assets obtained in exchange for lease obligations	$	87
Weighted-average remaining lease term - operating leases	8.9 years
Weighted-average remaining discount rate - operating leases	3.73		%

Schedule of future minimum rental payments under previous accounting standard

Future minimum lease payments under our non-cancelable operating leases as of January 27, 2019, based on the previous lease accounting standard, are as follows:

	Lease Obligations
	(In millions)
Fiscal Year:
2020	$	100
2021	97
2022	90
2023	77
2024	54
2025 and thereafter	265
Total	$	683

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Other Information Related to Leases [Table Text Block]

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

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Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717

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