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Leases
 12 Months Ended
Jan. 31, 2026
Leases [Abstract]  
Leases Leases
The following table provides the components of lease cost for operating leases for 2025, 2024 and 2023:
202520242023
(in millions)
Operating Lease Costs$414 $410 $393 
Variable Lease Costs102 90 92 
Short-term Lease Costs11 13 14 
Total Lease Cost$527 $513 $499 
The following table provides future maturities of operating lease liabilities as of January 31, 2026:
Fiscal Year(in millions)
2026$411 
2027357 
2028305 
2029268 
2030250 
Thereafter801 
Total Lease Payments$2,392 
Less: Interest(521)
Present Value of Operating Lease Liabilities$1,871 
As of January 31, 2026, the Company had additional operating lease commitments that have not yet commenced of approximately $59 million.
The following table provides the weighted-average remaining lease term and discount rate for operating leases with lease liabilities as of January 31, 2026 and February 1, 2025:
January 31,
2026		February 1,
2025
Weighted-Average Remaining Lease Term (years)7.27.2
Weighted-Average Discount Rate6.8%6.8%
The Company paid $422 million in 2025, $416 million in 2024 and $406 million in 2023 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 2025, 2024 and 2023, the Company obtained $434 million, $437 million and $392 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 $12 million as of January 31, 2026 and $9 million as of February 1, 2025. 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 2025, 2024 and 2023:
202520242023
(in millions)
Operating Lease Costs$414 $410 $393 
Variable Lease Costs102 90 92 
Short-term Lease Costs11 13 14 
Total Lease Cost$527 $513 $499 
The following table provides future maturities of operating lease liabilities as of January 31, 2026:
Fiscal Year(in millions)
2026$411 
2027357 
2028305 
2029268 
2030250 
Thereafter801 
Total Lease Payments$2,392 
Less: Interest(521)
Present Value of Operating Lease Liabilities$1,871 
As of January 31, 2026, the Company had additional operating lease commitments that have not yet commenced of approximately $59 million.
The following table provides the weighted-average remaining lease term and discount rate for operating leases with lease liabilities as of January 31, 2026 and February 1, 2025:
January 31,
2026		February 1,
2025
Weighted-Average Remaining Lease Term (years)7.27.2
Weighted-Average Discount Rate6.8%6.8%
The Company paid $422 million in 2025, $416 million in 2024 and $406 million in 2023 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 2025, 2024 and 2023, the Company obtained $434 million, $437 million and $392 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 $12 million as of January 31, 2026 and $9 million as of February 1, 2025. These liabilities are included in Other Long-term Liabilities on the Consolidated Balance Sheets.