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LEASES (Tables)

3 Months Ended

May 03, 2024

Leases [Abstract]

Schedule of Components of Lease Costs and Supplemental Information

The following table presents components of lease costs included in the Condensed Consolidated Statements of Income for the periods indicated:

									Three Months Ended
															May 3, 2024						May 5, 2023
															(in millions)
Operating lease costs															$	71					$	79
Variable costs															18						24
Total lease costs															$	89					$	103

The following table presents supplemental information related to operating leases included in the Condensed Consolidated Statements of Financial Position as of the dates indicated:

			Classification						May 3, 2024						February 2, 2024
									(in millions, except for term and discount rate)
Operating lease right-of-use assets			Other non-current assets						$	643					$	707
Current operating lease liabilities			Accrued and other current liabilities						$	242					$	253
Non-current operating lease liabilities			Other non-current liabilities						520						576
Total operating lease liabilities									$	762					$	829
Weighted-average remaining lease term (in years)									4.34						4.56
Weighted-average discount rate									4.93		%				4.79		%

The following table presents supplemental cash flow information related to leases for the periods indicated:

			Three Months Ended
			May 3, 2024						May 5, 2023
			(in millions)
Cash paid for amounts included in the measurement of lease liabilities — operating cash outflows from operating leases			$	69					$	77
Right-of-use assets obtained in exchange for new operating lease liabilities			$	10					$	81

Schedule of Maturity of Operating Lease Liabilities

The following table presents the future maturity of the Company’s operating lease liabilities under non-cancelable leases and reconciles the undiscounted cash flows for these leases to the lease liability recognized on the Condensed Consolidated Statements of Financial Position as of the date indicated:

			May 3, 2024
			(in millions)
Fiscal 2025 (remaining nine months)			$	187
Fiscal 2026			205
Fiscal 2027			167
Fiscal 2028			121
Fiscal 2029			73
Thereafter			84
Total lease payments			837
Less: Imputed interest			75
Total			$	762
Current operating lease liabilities			$	242
Non-current operating lease liabilities			$	520

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

+ Details

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X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

+ Details

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