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Leases | 12 Months Ended
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Feb. 02, 2025
Leases [Abstract] |
Leases | LEASES The Company occupies certain facilities and operates certain equipment and vehicles under operating leases that expire at various dates through the year 2038. The table below presents lease costs associated with facility, equipment and vehicle operating leases:
|  |  |  | Fiscal Years Ended
Lease Cost |  | Classification |  | February 2, 2025 |  | January 28, 2024 |  | January 29, 2023
Operating Lease Cost |  | Selling, general, and administrative expense |  | $ | 98 |  |  | $ | 80 |  |  | $ | 69 |
Future aggregate rental payments under non-cancelable operating leases as of February 2, 2025 are as follows:
| February 2, 2025
Fiscal 2025 | $ | 78 |
Fiscal 2026 | 66 |
Fiscal 2027 | 52 |
Fiscal 2028 | 34 |
Fiscal 2029 | 19 |
Thereafter | 26 |
Total minimum lease payments | 275
Less: present value discount | (30) |
Present value of lease liabilities | $ | 245 |
To calculate the present value of the operating lease liabilities, the Company determined its incremental borrowing rate by considering market and company specific factors, including interest rates for borrowings secured by collateral and adjusted for the remaining term of the leased facility, machinery, or vehicle categories. The table below presents the weighted average remaining lease term (years) and the weighted average discount rate of the Company’s operating leases:
Operating Lease Term and Discount Rate |  | February 2, 2025 |  | January 28, 2024
Weighted average remaining lease term (years) |  | 3.9 |  | 4.0
Weighted average discount rate |  | 5.8 | % |  | 5.3 | %
The table below presents cash and non-cash impacts associated with leases:
|  | Fiscal Years Ended
|  | February 2, 2025 |  | January 28, 2024 |  | January 29, 2023
Operating cash flow payments for operating lease liabilities |  | $ | 64 |  |  | $ | 54 |  |  | $ | 50 |
Operating cash flow payments for non-lease components |  | 34 |  |  | 26 |  |  | 19 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | 93 |  |  | $ | 65 |  |  | $ | 68 |
The non-cash impact related to ROU assets obtained in exchange for new operating lease liabilities in the table above excludes the impact from acquisitions. ROU assets acquired as part of the acquisitions are presented in Note 4.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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