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Leases (Tables)
 12 Months Ended
Feb. 03, 2024
Leases [Abstract]  
Schedule of Leases
Leases
(millions)
ClassificationFebruary 3, 2024January 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 Liabilities3,279 2,638 
Finance
Long-term Debt and Other Borrowings1,894 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)
202320222021
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)
Classification202320222021
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 Expense71 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 RateFebruary 3, 2024January 28, 2023
Weighted average remaining lease term (years)
Operating leases
12.011.4
Finance leases
14.615.4
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 
2025452 179 631 
2026437 181 618 
2027424 181 605 
2028395 183 578 
Thereafter2,579 1,743 4,322 
Total lease payments$4,756 $2,653 $7,409 
Less: Interest1,148 640  
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 
2025452 179 631 
2026437 181 618 
2027424 181 605 
2028395 183 578 
Thereafter2,579 1,743 4,322 
Total lease payments$4,756 $2,653 $7,409 
Less: Interest1,148 640  
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.