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Leases
12 Months Ended
Feb. 02, 2025
Leases [Abstract]  
Leases LEASES
The Company occupies certain facilities and operates certain equipment and vehicles under operating leases that expire at various dates through the year 2038.
The table below presents lease costs associated with facility, equipment and vehicle operating leases:
Fiscal Years Ended
Lease CostClassificationFebruary 2, 2025January 28, 2024January 29, 2023
Operating Lease CostSelling, general, and administrative expense$98 $80 $69 
Future aggregate rental payments under non-cancelable operating leases as of February 2, 2025 are as follows:
February 2, 2025
Fiscal 2025
$78 
Fiscal 2026
66 
Fiscal 2027
52 
Fiscal 2028
34 
Fiscal 2029
19 
Thereafter26 
Total minimum lease payments275
Less: present value discount(30)
Present value of lease liabilities$245 
To calculate the present value of the operating lease liabilities, the Company determined its incremental borrowing rate by considering market and company specific factors, including interest rates for borrowings secured by collateral and adjusted for the remaining term of the leased facility, machinery, or vehicle categories. The table below presents the weighted average remaining lease term (years) and the weighted average discount rate of the Company’s operating leases:
Operating Lease Term and Discount RateFebruary 2, 2025January 28, 2024
Weighted average remaining lease term (years)3.94.0
Weighted average discount rate5.8 %5.3 %
The table below presents cash and non-cash impacts associated with leases: 
Fiscal Years Ended
February 2, 2025January 28, 2024January 29, 2023
Operating cash flow payments for operating lease liabilities$64 $54 $50 
Operating cash flow payments for non-lease components34 26 19 
Right-of-use assets obtained in exchange for new operating lease liabilities$93 $65 $68 
The non-cash impact related to ROU assets obtained in exchange for new operating lease liabilities in the table above excludes the impact from acquisitions. ROU assets acquired as part of the acquisitions are presented in Note 4.