LEASES (Tables)

6 Months Ended

Jul. 31, 2020

Leases [Abstract]

Components of lease expense and supplemental information

The following table presents components of lease costs included in the Condensed Consolidated Statements of Income (Loss) for the periods indicated:

	Three Months Ended				Six Months Ended
	July 31, 2020		August 2, 2019		July 31, 2020		August 2, 2019
	(in millions)
Operating lease costs	$	124	$	126	$	255	$	243
Variable costs	32		41		76		79
Total lease costs	$	156	$	167	$	331	$	322

During both the six months ended July 31, 2020 and August 2, 2019, sublease income, finance lease costs, and short-term lease costs were immaterial.

The following table presents supplemental information related to operating leases included in the Condensed Consolidated Statements of Financial Position as of the dates indicated:

	Classification	July 31, 2020			January 31, 2020
		(in millions, except for term and discount rate)
Operating lease right of use (“ROU”) assets	Other non-current assets	$	1,787		$	1,780
Current operating lease liabilities	Accrued and other current liabilities	$	435		$	432
Non-current operating lease liabilities	Other non-current liabilities	1,383			1,360
Total operating lease liabilities		$	1,818		$	1,792
Weighted-average remaining lease term (in years)		8.47			8.57
Weighted-average discount rate		3.75		%	3.81		%

The following table presents supplemental cash flow information related to leases for the periods indicated:

	Six Months Ended
	July 31, 2020		August 2, 2019
	(in millions)
Cash paid for amounts included in the measurement of lease liabilities — operating cash outflows from operating leases	$	255	$	241
ROU assets obtained in exchange for new operating lease liabilities	$	255	$	254

Maturity of operating lease liabilities

The following table presents the future maturity of the Company’s operating lease liabilities under non-cancelable leases and reconciles the undiscounted cash flows for these leases to the lease liability recognized on the Condensed Consolidated Statements of Financial Position as of the date indicated:

	July 31, 2020
Fiscal Years	(in millions)
Fiscal 2021 (remaining six months)	$	236
Fiscal 2022	440
Fiscal 2023	346
Fiscal 2024	239
Fiscal 2025	166
Thereafter	730
Total lease payments	2,157
Less: Imputed interest	(339)
Total	$	1,818
Current operating lease liabilities	$	435
Non-current operating lease liabilities	$	1,383