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Leases (Tables) | 9 Months Ended
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Nov. 02, 2019
Leases [Abstract] |
Supplemental Balance Sheet Information |
| Balance Sheet Location |  |  |  |  |  | November 2, 2019
Assets |  |  |  |  |  |  |  |  |
Operating leases | Operating lease assets |  |  |  |  |  | $ | 2,751 |
Finance leases | Property and equipment, net(1) |  |  |  |  |  |  | 36 |
Total lease assets |  |  |  |  |  |  | $ | 2,787 |
Liabilities |  |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |  |
Operating leases | Current portion of operating lease liabilities |  |  |  |  |  | $ | 644 |
Finance leases | Current portion of long-term debt |  |  |  |  |  |  | 14 |
Non-current: |  |  |  |  |  |  |  |  |
Operating leases | Long-term operating lease liabilities |  |  |  |  |  |  | 2,200 |
Finance leases | Long-term debt |  |  |  |  |  |  | 25 |
Total lease liabilities |  |  |  |  |  |  | $ | 2,883 |
(1)Finance leases are recorded net of accumulated depreciation of $51 million.
Components of Lease Cost |
|  |  | Three Months Ended |  | Nine Months Ended
| Statement of Earnings Location |  | November 2, 2019 |  | November 2, 2019
Operating lease cost(1) | Cost of goods sold and SG&A(2) |  | $ | 196 |  |  | $ | 585 |
Finance lease cost: |  |  |  |  |  |  |  |  |
Depreciation of lease assets | Cost of goods sold and SG&A(2) |  |  | 3 |  |  |  | 10 |
Interest on lease liabilities | Interest expense |  |  | - |  |  |  | 1 |
Variable lease cost | Cost of goods sold and SG&A(2) |  |  | 66 |  |  |  | 201 |
Sublease income | SG&A |  |  | (3) |  |  |  | (12) |
Total lease cost |  |  | $ | 262 |  |  | $ | 785 |
(1)Includes short-term leases, which are immaterial. (2)Supply chain-related amounts are included in Cost of goods sold.
Other Information |
|  |  | Three Months Ended |  | Nine Months Ended
|  |  | November 2, 2019 |  | November 2, 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 204 |  |  | $ | 608 |
Operating cash flows from finance leases |  |  | - |  |  |  | 1 |
Financing cash flows from finance leases |  |  | 3 |  |  |  | 11 |
Lease assets obtained in exchange for new lease liabilities: |  |  |  |  |  |  |  |
Operating leases |  |  |  | 157 |  |  |  | 551 |
Finance leases |  |  |  | 4 |  |  |  | 8 |
|  |  |  |  |  |  | November 2, 2019
Weighted average remaining lease term: |  |  |  |  |  |  |  |
Operating leases |  |  |  |  |  |  |  | 5.4 years |
Finance leases |  |  |  |  |  |  |  | 5.2 years |
Weighted average discount rate: |  |  |  |  |  |  |  |  |
Operating leases |  |  |  |  |  |  |  | 3.4 | %
Finance leases |  |  |  |  |  |  |  | 4.2 | %
Future Lease Payments |
|  |  |  |  | Operating Leases(1) |  | Finance Leases(1)
Remainder of fiscal 2020 |  |  |  |  | $ | 139 |  |  | $ | 4 |
Fiscal 2021 |  |  |  |  |  | 777 |  |  |  | 14 |
Fiscal 2022 |  |  |  |  |  | 646 |  |  |  | 10 |
Fiscal 2023 |  |  |  |  |  | 494 |  |  |  | 6 |
Fiscal 2024 |  |  |  |  |  | 369 |  |  |  | 3 |
Fiscal 2025 |  |  |  |  |  | 260 |  |  |  | 2 |
Thereafter |  |  |  |  |  | 440 |  |  |  | 5 |
Total future undiscounted lease payments |  |  |  |  |  | 3,125 |  |  |  | 44 |
Less imputed interest |  |  |  |  |  | 281 |  |  |  | 5 |
Total reported lease liability |  |  |  |  | $ | 2,844 |  |  | $ | 39 |
(1)Lease payments exclude $19 million of legally binding fixed costs for leases signed but not yet commenced, primarily related to operating leases.
Future Lease Payments Under ASC 840 |
| Capital Leases |  | Financing Leases |  | Operating Leases(1)
Fiscal 2020 | $ | 14 |  |  | $ | 48 |  |  | $ | 700 |
Fiscal 2021 |  | 11 |  |  |  | 42 |  |  |  | 648 |
Fiscal 2022 |  | 7 |  |  |  | 35 |  |  |  | 513 |
Fiscal 2023 |  | 4 |  |  |  | 24 |  |  |  | 371 |
Fiscal 2024 |  | 2 |  |  |  | 16 |  |  |  | 253 |
Thereafter |  | 7 |  |  |  | 40 |  |  |  | 476 |
Total minimum lease payments |  | 45 |  |  |  | 205 |  |  | $ | 2,961 |
Less amount representing interest |  | (6) |  |  |  | (24) |  |  |  |  |
Present value of minimum lease payments |  | 39 |  |  |  | 181 |  |  |  |  |
Less current maturities |  | (12) |  |  |  | (43) |  |  |  |  |
Present value of minimum lease maturities, less current maturities | $ | 27 |  |  | $ | 138 |  |  |  |  |
(1)Operating lease obligations do not include payments to landlords covering real estate taxes and common area maintenance. These charges, if included, would have increased total operating lease obligations by $0.8 billion at February 2, 2019.

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