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Leases (Tables) | 12 Months Ended
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Feb. 03, 2024
Leases [Abstract] |
Schedule of Leases |
Leases (millions) | Classification | February 3, 2024 | January 28, 2023
Assets |  |  |
Operating | Operating Lease Assets | $ | 3,362 |  | $ | 2,657 |
Finance | Property and Equipment, Net (a) | 1,470 |  | 1,673 |
Total leased assets |  | $ | 4,832 |  | $ | 4,330 |
Liabilities |  |  |
Current |  |  |
Operating | Accrued and Other Current Liabilities | $ | 329 |  | $ | 296 |
Finance | Current Portion of Long-term Debt and Other Borrowings | 119 |  | 129 |
Noncurrent |  |  |
Operating | Noncurrent Operating Lease Liabilities | 3,279 |  | 2,638 |
Finance | Long-term Debt and Other Borrowings | 1,894 |  | 1,943 |
Total lease liabilities |  | $ | 5,621 |  | $ | 5,006 |
(a)Finance lease assets are recorded net of accumulated amortization of $743 million and $623 million as of February 3, 2024, and January 28, 2023, respectively.
Other Information (millions) | 2023 | 2022 | 2021
Cash paid for amounts included in the measurement of lease liabilities |  |  |
Operating cash flows from operating leases | $ | 479 |  | $ | 364 |  | $ | 316 |
Operating cash flows from finance leases | 70 |  | 63 |  | 64 |
Financing cash flows from finance leases | 147 |  | 100 |  | 91 |
Schedule of Lease Cost |
Lease Cost (millions) | Classification | 2023 | 2022 | 2021
Operating lease cost (a) | SG&A Expenses | $ | 550 |  | $ | 467 |  | $ | 387 |
Finance lease cost |  |  |  |
Amortization of leased assets | Depreciation and Amortization (b) | 136 |  | 133 |  | 127 |
Interest on lease liabilities | Net Interest Expense | 71 |  | 68 |  | 68 |
Sublease income (c) | Other Revenue | (20) |  | (19) |  | (18) |
Net lease cost |  | $ | 737 |  | $ | 649 |  | $ | 564 |
(a)2023, 2022, and 2021 include $115 million, $101 million, and $64 million, respectively, of short-term and variable lease costs. (b)Supply chain-related amounts are included in Cost of Sales. (c)Sublease income excludes rental income from owned properties of $49 million for each of 2023 and 2022, and $48 million in 2021, which is included in Other Revenue.
Lease Term and Discount Rate | February 3, 2024 | January 28, 2023
Weighted average remaining lease term (years) |  |
Operating leases | 12.0 | 11.4
Finance leases | 14.6 | 15.4
Weighted average discount rate |  |
Operating leases | 4.22 | % | 3.52 | %
Finance leases | 3.69 | % | 3.56 | %
Schedule of Maturity of Operating Lease Liabilities |
Maturity of Lease Liabilities | Operating | Finance |
(millions) | Leases (a) | Leases (b) | Total
2024 | $ | 469 |  | $ | 186 |  | $ | 655 |
2025 | 452 |  | 179 |  | 631 |
2026 | 437 |  | 181 |  | 618 |
2027 | 424 |  | 181 |  | 605 |
2028 | 395 |  | 183 |  | 578 |
Thereafter | 2,579 |  | 1,743 |  | 4,322 |
Total lease payments | $ | 4,756 |  | $ | 2,653 |  | $ | 7,409 |
Less: Interest | 1,148 |  | 640 |  |
Present value of lease liabilities | $ | 3,608 |  | $ | 2,013 |  |
(a)Operating lease payments include $782 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $879 million of legally binding minimum lease payments for leases signed but not yet commenced. (b)Finance lease payments include $226 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $449 million of legally binding minimum lease payments for leases signed but not yet commenced.
Schedule of Maturity of Finance Lease Liabilities |
Maturity of Lease Liabilities | Operating | Finance |
(millions) | Leases (a) | Leases (b) | Total
2024 | $ | 469 |  | $ | 186 |  | $ | 655 |
2025 | 452 |  | 179 |  | 631 |
2026 | 437 |  | 181 |  | 618 |
2027 | 424 |  | 181 |  | 605 |
2028 | 395 |  | 183 |  | 578 |
Thereafter | 2,579 |  | 1,743 |  | 4,322 |
Total lease payments | $ | 4,756 |  | $ | 2,653 |  | $ | 7,409 |
Less: Interest | 1,148 |  | 640 |  |
Present value of lease liabilities | $ | 3,608 |  | $ | 2,013 |  |
(a)Operating lease payments include $782 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $879 million of legally binding minimum lease payments for leases signed but not yet commenced. (b)Finance lease payments include $226 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $449 million of legally binding minimum lease payments for leases signed but 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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