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Leases
 12 Months Ended
Feb. 01, 2025
Leases [Abstract]  
Leases Leases
The following table provides the components of lease cost for operating leases for 2024, 2023 and 2022:
202420232022
(in millions)
Operating Lease Costs$410 $393 $385 
Variable Lease Costs90 92 76 
Short-term Lease Costs13 14 13 
Total Lease Cost$513 $499 $474 
The following table provides future maturities of operating lease liabilities as of February 1, 2025:
Fiscal Year(in millions)
2025$392 
2026344 
2027281 
2028240 
2029207 
Thereafter736 
Total Lease Payments$2,200 
Less: Interest(479)
Present Value of Operating Lease Liabilities$1,721 
As of February 1, 2025, the Company had additional operating lease commitments that have not yet commenced of approximately $88 million.
The following table provides the weighted-average remaining lease term and discount rate for operating leases with lease liabilities as of February 1, 2025 and February 3, 2024:
February 1,
2025		February 3,
2024
Weighted-Average Remaining Lease Term (years)7.27.0
Weighted-Average Discount Rate6.8%6.6%
The Company paid $416 million in 2024, $406 million in 2023 and $423 million in 2022 for operating lease liabilities recorded on the Consolidated Balance Sheets. These payments are included within the Operating Activities section of the Consolidated Statement of Cash Flows.
In 2024, 2023 and 2022, the Company obtained $437 million, $392 million and $160 million, respectively, of additional lease assets as a result of new operating lease obligations.
Asset Retirement Obligations
The Company has asset retirement obligations primarily related to certain China joint venture-operated international stores that contractually obligate the Company to remove leasehold improvements at the end of a lease. The Company's liabilities for asset retirement obligations totaled $9 million as of February 1, 2025 and $8 million as of February 3, 2024. These liabilities are included in Other Long-term Liabilities on the Consolidated Balance Sheets.
Leases Leases
The following table provides the components of lease cost for operating leases for 2024, 2023 and 2022:
202420232022
(in millions)
Operating Lease Costs$410 $393 $385 
Variable Lease Costs90 92 76 
Short-term Lease Costs13 14 13 
Total Lease Cost$513 $499 $474 
The following table provides future maturities of operating lease liabilities as of February 1, 2025:
Fiscal Year(in millions)
2025$392 
2026344 
2027281 
2028240 
2029207 
Thereafter736 
Total Lease Payments$2,200 
Less: Interest(479)
Present Value of Operating Lease Liabilities$1,721 
As of February 1, 2025, the Company had additional operating lease commitments that have not yet commenced of approximately $88 million.
The following table provides the weighted-average remaining lease term and discount rate for operating leases with lease liabilities as of February 1, 2025 and February 3, 2024:
February 1,
2025		February 3,
2024
Weighted-Average Remaining Lease Term (years)7.27.0
Weighted-Average Discount Rate6.8%6.6%
The Company paid $416 million in 2024, $406 million in 2023 and $423 million in 2022 for operating lease liabilities recorded on the Consolidated Balance Sheets. These payments are included within the Operating Activities section of the Consolidated Statement of Cash Flows.
In 2024, 2023 and 2022, the Company obtained $437 million, $392 million and $160 million, respectively, of additional lease assets as a result of new operating lease obligations.
Asset Retirement Obligations
The Company has asset retirement obligations primarily related to certain China joint venture-operated international stores that contractually obligate the Company to remove leasehold improvements at the end of a lease. The Company's liabilities for asset retirement obligations totaled $9 million as of February 1, 2025 and $8 million as of February 3, 2024. These liabilities are included in Other Long-term Liabilities on the Consolidated Balance Sheets.