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PROPERTY AND LEASES
3 Months Ended
Apr. 28, 2024
Leases [Abstract]  
Property and Leases PROPERTY AND LEASES
Net Property and Equipment
Net property and equipment included accumulated depreciation and finance lease amortization of $27.7 billion as of April 28, 2024 and $27.1 billion as of January 28, 2024.
Leases
The following table presents the consolidated balance sheet classification related to operating and finance leases:
in millionsConsolidated Balance Sheet ClassificationApril 28,
2024
January 28,
2024
Assets:
Operating lease assetsOperating lease right-of-use assets$7,913 $7,884 
Finance lease assets (1)
Net property and equipment
2,777 2,840 
Total lease assets$10,690 $10,724 
Liabilities:
Current:
   Operating lease liabilitiesCurrent operating lease liabilities$1,073 $1,050 
   Finance lease liabilitiesCurrent installments of long-term debt264 268 
Long-term:
   Operating lease liabilitiesLong-term operating lease liabilities7,107 7,082 
   Finance lease liabilitiesLong-term debt, excluding current installments2,946 3,000 
Total lease liabilities$11,390 $11,400 
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(1) Finance lease assets are recorded net of accumulated amortization of $1.3 billion as of April 28, 2024 and $1.2 billion as of January 28, 2024.
The following table presents supplemental non-cash information related to leases:
Three Months Ended
in millionsApril 28,
2024
April 30,
2023
Lease assets obtained in exchange for new operating lease liabilities$319 $254 
Lease assets obtained in exchange for new finance lease liabilities28 114