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Leases (Tables)
 12 Months Ended
Feb. 01, 2025
Leases [Abstract]  
Schedule of Leases
Leases
(millions)
ClassificationFebruary 1, 2025February 3, 2024
Assets
Operating Operating Lease Assets$3,763 $3,362 
Finance
Property and Equipment, Net (a)
1,557 1,470 
Total leased assets$5,320 $4,832 
Liabilities
Current
Operating
Accrued and Other Current Liabilities$353 $329 
Finance
Current Portion of Long-term Debt and Other Borrowings
136 119 
Noncurrent
Operating
Noncurrent Operating Lease Liabilities3,582 3,279 
Finance
Long-term Debt and Other Borrowings2,025 1,894 
Total lease liabilities$6,096 $5,621 
(a)Finance lease assets are recorded net of accumulated amortization of $857 million and $743 million as of February 1, 2025, and February 3, 2024, respectively.
Other Information
(millions)
202420232022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases
$490 $479 $364 
Operating cash flows from finance leases
76 70 63 
Financing cash flows from finance leases
139 147 100 
Schedule of Lease Cost
Lease Cost
(millions)
Classification202420232022
Operating lease cost (a)
SG&A Expenses (b)
$641 $550 $467 
Finance lease cost
Amortization of leased assets
Depreciation and Amortization (b)
146 136 133 
Interest on lease liabilities
Net Interest Expense77 71 68 
Sublease income (c)
Net Sales
(15)(20)(19)
Net lease cost$849 $737 $649 
(a)2024, 2023, and 2022 include $132 million, $115 million, and $101 million, respectively, of short-term and variable lease costs.
(b)Supply chain-related amounts are included in Cost of Sales.
(c)Sublease income excludes rental income from owned properties of $48 million in 2024, and $49 million for each of 2023 and 2022, which is also included in Net Sales.
Lease Term and Discount RateFebruary 1, 2025February 3, 2024
Weighted average remaining lease term (years)
Operating leases
11.812.0
Finance leases
13.914.6
Weighted average discount rate
Operating leases
4.51 %4.22 %
Finance leases
3.88 %3.69 %
Schedule of Maturity of Operating Lease Liabilities
Maturity of Lease Liabilities
Operating 
Finance
(millions)
Leases (a)
Leases (b)
Total
2025$510 $205 $715 
2026507 203 710 
2027497 204 701 
2028469 206 675 
2029430 204 634 
Thereafter2,800 1,824 4,624 
Total lease payments$5,213 $2,846 $8,059 
Less: Interest1,278 685  
Present value of lease liabilities
$3,935 $2,161  
(a)Operating lease payments include $777 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $186 million of legally binding minimum lease payments for leases signed but not yet commenced.
(b)Finance lease payments include $245 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $128 million of legally binding minimum lease payments for leases signed but not yet commenced.
Schedule of Maturity of Finance Lease Liabilities
Maturity of Lease Liabilities
Operating 
Finance
(millions)
Leases (a)
Leases (b)
Total
2025$510 $205 $715 
2026507 203 710 
2027497 204 701 
2028469 206 675 
2029430 204 634 
Thereafter2,800 1,824 4,624 
Total lease payments$5,213 $2,846 $8,059 
Less: Interest1,278 685  
Present value of lease liabilities
$3,935 $2,161  
(a)Operating lease payments include $777 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $186 million of legally binding minimum lease payments for leases signed but not yet commenced.
(b)Finance lease payments include $245 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $128 million of legally binding minimum lease payments for leases signed but not yet commenced.