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Leases (Tables)

6 Months Ended

Aug. 03, 2019

The following table provides the components of lease cost for operating leases for the second quarter and year-to-date 2019:



	Second Quarter		Year-to-Date
	(in millions)
Operating Lease Costs	$	176	$	351
Variable Lease Costs	23		40
Short-term Lease Costs	5		10
Total Lease Cost	$	204	$	401

Schedule of Future Maturities of Operating Lease Liabilities

The following table provides future maturities of operating lease liabilities as of the second quarter of 2019:



Fiscal Year	(in millions)
2019	$	299
2020	705
2021	664
2022	594
2023	536
Thereafter	1,843
Total Lease Payments	$	4,641
Less: Interest	(1,020		)
Present Value of Operating Lease Liabilities	$	3,621

Schedule of Supplemental Information Related to Leases

The following table provides the weighted-average remaining lease term and discount rate for operating leases with lease liabilities as of the second quarter of 2019:



Weighted Average Remaining Lease Term (years)	7.5
Weighted Average Discount Rate	6.1	%

Schedule of Rent Expense

The following table provides rent expense, as presented under the prior accounting standard, for the second quarter and year-to-date 2018:



	Second Quarter		Year-to-Date
	(in millions)
Store Rent:
Fixed Minimum	$	166	$	333
Contingent	18		30
Total Store Rent	184		363
Office, Equipment and Other	22		44
Total Rent Expense	$	206	$	407

Schedule of Future Minimum Rental Payments for Operating Leases

The following table provides future minimum rent commitments under noncancelable operating leases in the next five fiscal years and the remaining years thereafter, as determined under the prior accounting standard, as of February 2, 2019:



Fiscal Year (a)	(in millions)
2019	$	698
2020	676
2021	630
2022	562
2023	504
Thereafter	$	1,738

_______________

(a)

Excludes additional payments covering taxes, common area costs and certain other expenses generally required by store lease terms.