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LEASES (Tables) | 6 Months Ended
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Aug. 02, 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 |  | Six Months Ended
| August 2, 2024 |  | August 4, 2023 |  | August 2, 2024 |  | August 4, 2023
| (in millions)
Operating lease costs | $ | 75 |  |  | $ | 63 |  |  | $ | 146 |  |  | $ | 142 |
Variable costs | 15 |  |  | 19 |  |  | 33 |  |  | 43 |
Total lease costs | $ | 90 |  |  | $ | 82 |  |  | $ | 179 |  |  | $ | 185 |
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 |  | August 2, 2024 |  | February 2, 2024 |  |
|  |  | (in millions, except for term and discount rate)
Operating lease right-of-use assets | Other non-current assets |  | $ | 716 |  | $ | 707 |  |
Current operating lease liabilities | Accrued and other current liabilities |  | $ | 246 |  | $ | 253 |  |
Non-current operating lease liabilities | Other non-current liabilities |  | 581 |  | 576 |  |
Total operating lease liabilities |  |  | $ | 827 |  | $ | 829 |  |
Weighted-average remaining lease term (in years) |  |  | 4.47 |  | 4.56 |  |
Weighted-average discount rate |  |  | 4.86 | % |  | 4.79 | % |  |
The following table presents supplemental cash flow information related to leases for the periods indicated:
| Six Months Ended
| August 2, 2024 |  | August 4, 2023
| (in millions)
Cash paid for amounts included in the measurement of lease liabilities — operating cash outflows from operating leases | $ | 137 |  |  | $ | 153 |
Right-of-use assets obtained in exchange for new operating lease liabilities | $ | 128 |  |  | $ | 131 |
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:
| August 2, 2024
| (in millions)
Fiscal 2025 (remaining six months) | $ | 126 |
Fiscal 2026 | 233 |
Fiscal 2027 | 195 |
Fiscal 2028 | 145 |
Fiscal 2029 | 98 |
Thereafter | 119 |
Total lease payments | 916 |
Less: Imputed interest | 89 |
Total | $ | 827 |
Current operating lease liabilities | $ | 246 |
Non-current operating lease liabilities | $ | 581 |

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- 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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- 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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