LEASES (Tables)

6 Months Ended

Aug. 02, 2024

Leases [Abstract]

Schedule of Components of Lease Costs and Supplemental Information

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

	Three Months Ended				Six Months Ended
	August 2, 2024		August 4, 2023		August 2, 2024		August 4, 2023
	(in millions)
Operating lease costs	$	75	$	63	$	146	$	142
Variable costs	15		19		33		43
Total lease costs	$	90	$	82	$	179	$	185

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	August 2, 2024			February 2, 2024
		(in millions, except for term and discount rate)
Operating lease right-of-use assets	Other non-current assets	$	716		$	707
Current operating lease liabilities	Accrued and other current liabilities	$	246		$	253
Non-current operating lease liabilities	Other non-current liabilities	581			576
Total operating lease liabilities		$	827		$	829
Weighted-average remaining lease term (in years)		4.47			4.56
Weighted-average discount rate		4.86		%	4.79		%

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

	Six Months Ended
	August 2, 2024		August 4, 2023
	(in millions)
Cash paid for amounts included in the measurement of lease liabilities — operating cash outflows from operating leases	$	137	$	153
Right-of-use assets obtained in exchange for new operating lease liabilities	$	128	$	131

Schedule of 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:

	August 2, 2024
	(in millions)
Fiscal 2025 (remaining six months)	$	126
Fiscal 2026	233
Fiscal 2027	195
Fiscal 2028	145
Fiscal 2029	98
Thereafter	119
Total lease payments	916
Less: Imputed interest	89
Total	$	827
Current operating lease liabilities	$	246
Non-current operating lease liabilities	$	581