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Properties and Leases (Tables) | 12 Months Ended
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Jan. 28, 2023
Property Plant and Equipment and Leases of Lessee [Abstract] |
Major Classes of Property, Plant and Equipment, Net | The major classes of property and equipment, net as of January 28, 2023 and January 29, 2022 are as follows:
| January 28, 2023 |  | January 29, 2022
(millions)
Land | $ | 1,334 |  |  | $ | 1,353 |
Buildings on owned land | 3,691 |  |  | 3,635 |
Buildings on leased land and leasehold improvements | 1,368 |  |  | 1,303 |
Fixtures and equipment | 4,153 |  |  | 3,922 |
| 10,546 |  |  | 10,213 |
Less accumulated depreciation and amortization | 4,633 |  |  | 4,548 |
| $ | 5,913 |  |  | $ | 5,665 |
ROU Assets and Lease Liabilities | ROU assets and lease liabilities consist of:
|  | Classification |  | January 28, 2023 |  | January 29, 2022
|  | (millions)
Assets |  |  |  |  |  |
Finance lease assets (a) |  | Right of Use Assets |  | $ | 9 |  |  | $ | 10 |
Operating lease assets (b) |  | Right of Use Assets |  | 2,674 |  |  | 2,798 |
Total lease assets |  |  |  | $ | 2,683 |  |  | $ | 2,808 |
Liabilities |  |  |  |  |  |
Current |  |  |  |  |  |
Finance (a) |  | Accounts payable and accrued liabilities |  | $ | 2 |  |  | $ | 2 |
Operating (b) |  | Accounts payable and accrued liabilities |  | 333 |  |  | 328 |
Noncurrent |  |  |  |  |  |
Finance (a) |  | Long-Term Lease Liabilities |  | 15 |  |  | 17 |
Operating (b) |  | Long-Term Lease Liabilities |  | 2,948 |  |  | 3,081 |
Total lease liabilities |  |  |  | $ | 3,298 |  |  | $ | 3,428 |
(a) | Finance lease assets are recorded net of accumulated amortization of $13 million as of January 28, 2023 and January 29, 2022. As of both January 28, 2023 and January 29, 2022, finance lease assets included $1 million, and noncurrent lease liabilities included $2 million of non-lease components.
(b) | As of January 28, 2023, operating lease assets included $370 million of non-lease components and current and noncurrent lease liabilities included $36 million and $384 million, respectively, of non-lease components. As of January 29, 2022, operating lease assets included $377 million of non-lease components and current and noncurrent lease liabilities included $36 million and $386 million, respectively, of non-lease components.
ROU Assets and Lease Liabilities | The components of net lease expense, recognized primarily within selling, general and administrative expenses are disclosed below. For 2022, 2021 and 2020, lease expense included $79 million, $80 million and $87 million, respectively, related to non-lease components.
| 2022 |  | 2021 |  | 2020
(millions)
Real estate |  |  |  |  |
Operating leases (c) – |  |  |  |  |
Minimum rents | $ | 361 |  |  | $ | 359 |  |  | $ | 376 |
Variable rents | 54 |  |  | 48 |  |  | 45 |
| 415 |  |  | 407 |  |  | 421 |
Less income from subleases – |  |  |  |  |
Operating leases (d) | (39) |  |  | (1) |  |  | (1) |
| $ | 376 |  |  | $ | 406 |  |  | $ | 420 |
Personal property – Operating leases | $ | 7 |  |  | $ | 7 |  |  | $ | 7 |
(c) | Certain supply chain operating lease expense amounts are included in cost of sales.
(d) | Represents sublease income from certain corporate office locations.
Maturity of Lease Liabilities | As of January 28, 2023, the maturity of lease liabilities is as follows:
| Finance Leases |  | Operating Leases (e and f) |  | Total
(millions)
Fiscal year |  |  |  |  |
2023 | $ | 3 |  |  | $ | 340 |  |  | $ | 343 |
2024 | 3 |  |  | 375 |  |  | 378 |
2025 | 3 |  |  | 371 |  |  | 374 |
2026 | 2 |  |  | 355 |  |  | 357 |
2027 | 2 |  |  | 340 |  |  | 342 |
After 2027 | 11 |  |  | 5,051 |  |  | 5,062 |
Total undiscounted lease payments | 24 |  |  | 6,832 |  |  | 6,856 |
Less amount representing interest | 7 |  |  | 3,551 |  |  | 3,558 |
Total lease liabilities | $ | 17 |  |  | $ | 3,281 |  |  | $ | 3,298 |
(e) | Operating lease payments include $2,872 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $292 million of legally binding minimum lease payments for leases signed but not yet commenced.
(f) | Operating lease payments include $1,090 million related to non-lease component payments, with $827 million of such payments related to options to extend lease terms that are reasonably certain of being exercised.
Maturity of Lease Liabilities | As of January 28, 2023, the maturity of lease liabilities is as follows:
| Finance Leases |  | Operating Leases (e and f) |  | Total
(millions)
Fiscal year |  |  |  |  |
2023 | $ | 3 |  |  | $ | 340 |  |  | $ | 343 |
2024 | 3 |  |  | 375 |  |  | 378 |
2025 | 3 |  |  | 371 |  |  | 374 |
2026 | 2 |  |  | 355 |  |  | 357 |
2027 | 2 |  |  | 340 |  |  | 342 |
After 2027 | 11 |  |  | 5,051 |  |  | 5,062 |
Total undiscounted lease payments | 24 |  |  | 6,832 |  |  | 6,856 |
Less amount representing interest | 7 |  |  | 3,551 |  |  | 3,558 |
Total lease liabilities | $ | 17 |  |  | $ | 3,281 |  |  | $ | 3,298 |
(e) | Operating lease payments include $2,872 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $292 million of legally binding minimum lease payments for leases signed but not yet commenced.
(f) | Operating lease payments include $1,090 million related to non-lease component payments, with $827 million of such payments related to options to extend lease terms that are reasonably certain of being exercised.
Schedule of Supplemental Information Regarding Assumptions and Cash Flows | Additional supplemental information regarding assumptions and cash flows for operating and finance leases is as follows:
Lease Term and Discount Rate |  | January 28, 2023 |  | January 29, 2022
Weighted-average remaining lease term (years) |  |  |  |
Finance leases |  | 11.5 |  | 11.9
Operating leases |  | 21.3 |  | 21.7
Weighted-average discount rate |  |  |  |
Finance leases |  | 6.74 | % |  | 6.73 | %
Operating leases |  | 6.58 | % |  | 6.54 | %
Other Information |  | 52 Weeks Ended January 28, 2023 |  | 52 Weeks Ended January 29, 2022
|  | (millions)
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows used from operating leases |  | $ | 364 |  |  | $ | 322 |
Financing cash flows used from financing leases |  | 3 |  |  | 3 |
Leased assets obtained in exchange for new operating lease liabilities |  | 79 |  |  | 15 |

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