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Property and Leases (Tables)
 12 Months Ended
Jan. 31, 2021
Property and Leases [Abstract]  
Components of property and equipment
The components of net property and equipment follow:
in millionsJanuary 31,
2021		February 2,
2020
Land$8,543 $8,390 
Buildings18,838 18,432 
Furniture, fixtures, and equipment15,119 13,666 
Leasehold improvements1,925 1,789 
Construction in progress1,068 1,005 
Finance leases3,308 1,578 
Property and equipment, at cost48,801 44,860 
Less accumulated depreciation and finance lease amortization24,096 22,090 
Net property and equipment$24,705 $22,770 
Schedule of depreciation and capital lease amortization
Depreciation and finance lease amortization expense, including depreciation and finance lease amortization expense included in cost of sales, follows:
in millionsFiscalFiscalFiscal
202020192018
Depreciation and finance lease amortization expense$2,425 $2,223 $2,076 
Schedule of assets and liabilities related to operating and finance leases
The consolidated balance sheet location of assets and liabilities related to operating and finance leases follow:
in millionsConsolidated Balance Sheet CaptionJanuary 31,
2021		February 2,
2020
Assets:
Operating lease assetsOperating lease right-of-use assets$5,962 $5,595 
Finance lease assets (1)
Net property and equipment2,493 934 
Total lease assets$8,455 $6,529 
Liabilities:
Current:
   Operating lease liabilitiesCurrent operating lease liabilities$828 $828 
   Finance lease liabilitiesCurrent installments of long-term debt66 84 
Long-term:
   Operating lease liabilitiesLong-term operating lease liabilities5,356 5,066 
   Finance lease liabilitiesLong-term debt, excluding current installments2,700 1,081 
Total lease liabilities$8,950 $7,059 
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(1)    Finance lease assets are recorded net of accumulated amortization of $815 million and $644 million as of January 31, 2021 and February 2, 2020, respectively.
Schedule of lease information
The components of lease cost follow:
Fiscal
Fiscal
in millions
Consolidated Statement of Earnings Caption(1)
20202019
Operating lease costSelling, general and administrative$782 $827 
Finance lease cost:
Amortization of leased assetsDepreciation and amortization167 86 
Interest on lease liabilitiesInterest expense112 92 
Short-term lease costSelling, general and administrative75 98 
Variable lease costSelling, general and administrative277 241 
Sublease incomeSelling, general and administrative(13)(14)
Net lease cost$1,400 $1,330 
—————
(1)Costs associated with our sourcing and distribution network and online fulfillment centers are recorded in cost of sales, with the exception of interest on finance lease liabilities.
Weighted average remaining lease terms and discount rates follow:
January 31,
2021		February 2,
2020
Weighted Average Remaining Lease Term (Years):
Operating leases1010
Finance leases1512
Weighted Average Discount Rate:
Operating leases2.9 %3.1 %
Finance leases5.6 %10.4 %
Schedule of future minimum rental payments for operating leases
The approximate future minimum lease payments under operating and finance leases at January 31, 2021 follow:
in millionsOperating
Leases		Finance
Leases
Fiscal 2021$955 $272 
Fiscal 2022960 285 
Fiscal 2023854 280 
Fiscal 2024738 273 
Fiscal 2025614 317 
Thereafter3,001 2,266 
Total lease payments7,122 3,693 
Less: imputed interest938 927 
Present value of lease liabilities$6,184 $2,766 
—————
Note: We have excluded approximately $833 million of leases (undiscounted basis) that have not yet commenced. These leases will commence primarily between fiscal 2021 and 2023 with lease terms of up to 20 years.
Schedule of future minimum rental payments for financing leases
The approximate future minimum lease payments under operating and finance leases at January 31, 2021 follow:
in millionsOperating
Leases		Finance
Leases
Fiscal 2021$955 $272 
Fiscal 2022960 285 
Fiscal 2023854 280 
Fiscal 2024738 273 
Fiscal 2025614 317 
Thereafter3,001 2,266 
Total lease payments7,122 3,693 
Less: imputed interest938 927 
Present value of lease liabilities$6,184 $2,766 
—————
Note: We have excluded approximately $833 million of leases (undiscounted basis) that have not yet commenced. These leases will commence primarily between fiscal 2021 and 2023 with lease terms of up to 20 years.
Summary of other lease information
Supplemental cash flow information related to leases follows:
Fiscal
Fiscal
in millions20202019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows – operating leases$1,022 $1,003 
Operating cash flows – finance leases112 92 
Financing cash flows – finance leases122 70 
Supplemental non-cash information:
Lease assets obtained in exchange for new operating lease liabilities969 748 
Lease assets obtained in exchange for new finance lease liabilities1,730 186