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Leases (Tables) | 12 Months Ended
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Feb. 01, 2025
Leases [Abstract] |
Schedule of Net Operating Lease Costs | The following table presents net operating lease cost included in the Consolidated Statement of Earnings for fiscal 2024, 2023, and 2022:
($000) | 2024 | 2023 | 2022
Operating lease cost 1 | $ | 800,834 |  | $ | 760,268 |  | $ | 721,340 |
Variable lease costs 2 | 246,315 |  | 219,526 |  | 206,262 |
Net lease cost 3 | $ | 1,047,149 |  | $ | 979,794 |  | $ | 927,602 |
1 Net of sublease income which was immaterial.
2 Includes property and rent taxes, insurance, common area maintenance, percentage rent, and negotiated rent abatements.
3 Excludes short-term lease costs which were immaterial.
The weighted-average remaining lease term and the weighted-average discount rate for operating leases as of February 1, 2025 and February 3, 2024 are as follows:
|  | 2024 |  | 2023
Weighted-average remaining lease term (years): |  |  |  |
Including the long-term ground lease related to the New York buying office |  | 9.6 |  | 9.8
Excluding the long-term ground lease related to the New York buying office |  | 5.5 |  | 5.4
Weighted-average discount rate: |  |  |  |
Including the long-term ground lease related to the New York buying office |  | 4.2 | % |  | 3.9 | %
Excluding the long-term ground lease related to the New York buying office |  | 4.1 | % |  | 3.6 | %
The following table presents cash paid for amounts included in the measurement of operating lease liabilities and operating lease assets obtained in exchange for operating lease liabilities (includes new leases and remeasurements or modifications of existing leases) for fiscal 2024, 2023, and 2022:
($000) | 2024 | 2023 | 2022
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 789,211 |  | $ | 746,254 |  | $ | 701,478 |
Operating lease assets obtained in exchange for operating lease liabilities | $ | 841,891 |  | $ | 682,580 |  | $ | 705,220 |
Schedule of Maturities of Operating Lease Liabilities | The maturity of operating lease liabilities, including the ground lease related to the New York buying office as of February 1, 2025, are as follows:
($000) | Operating Leases 1
2025 | $ | 766,071 |
2026 | 774,352 |
2027 | 663,938 |
2028 | 536,465 |
2029 | 362,872 |
Thereafter | 1,624,793 |
Total lease payments | $ | 4,728,491 |
Less: interest | 1,260,873 |
Present value of lease liabilities | $ | 3,467,618 |
Less: current operating lease liabilities | 703,337 |
Non-current operating lease liabilities | $ | 2,764,281 |
1 Operating leases exclude $187.2 million of minimum lease payments for leases signed that have not yet commenced.

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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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