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Leases (Tables) | 12 Months Ended
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Jan. 30, 2021
Leases [Abstract] |
Schedule of Lease Cost | The following table provides the components of lease cost for operating leases for 2020 and 2019:
| 2020 |  | 2019
| (in millions)
Operating Lease Costs (a) | $ | 744 |  |  | $ | 769 |
Variable Lease Costs | 65 |  |  | 100 |
Short-term Lease Costs | 34 |  |  | 30 |
Total Lease Cost | $ | 843 |  |  | $ | 899 |
_______________ (a)As discussed in Note 7, "Long-Lived Assets," the Company recognized operating lease asset impairment charges of $118 million and $65 million during 2020 and 2019, respectively, which is included as operating lease costs.
Schedule of Future Maturities of Operating Lease Liabilities | The following table provides future maturities of operating lease liabilities as of January 30, 2021:
Fiscal Year | (in millions)
2021 | $ | 750 |
2022 | 630 |
2023 | 540 |
2024 | 464 |
2025 | 404 |
Thereafter | 965 |
Total Lease Payments | $ | 3,753 |
Less: Interest | (664) |
Present Value of Operating Lease Liabilities | $ | 3,089 |
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 January 30, 2021 and February 1, 2020:
| January 30, 2021 |  | February 1, 2020
Weighted Average Remaining Lease Term (years) | 6.4 |  | 7.4
Weighted Average Discount Rate | 5.8 | % |  | 6.2 | %
Leases Rent Expenses | The following table provides rent expense, as presented under the prior accounting standard, for 2018:
| (in millions)
Store Rent: |
Fixed Minimum | $ | 663 |
Contingent | 72 |
Total Store Rent | 735 |
Office, Equipment and Other | 98 |
Gross Rent Expense | 833 |
Sublease Rental Income | (2) |
Total Rent Expense | $ | 831 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of rental expense from operating leases for each period for which an income statement is presented with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121573735&loc=d3e41499-112717 + Details
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