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Property and Leases (Tables)
 3 Months Ended
May 03, 2020
Leases [Abstract]  
Schedule of assets and liabilities related to operating and finance leases
The Consolidated Balance Sheet location of assets and liabilities related to operating and finance leases follow:
in millionsConsolidated Balance Sheet CaptionMay 3,
2020		February 2,
2020
Assets:
Operating lease assetsOperating lease right-of-use assets$5,634  $5,595  
Finance lease assets (1)
Net property and equipment
1,191  934  
Total lease assets$6,825  $6,529  
Liabilities:
Current:
   Operating lease liabilitiesCurrent operating lease liabilities$853  $828  
   Finance lease liabilitiesCurrent installments of long-term debt99  84  
Long-term:
   Operating lease liabilitiesLong-term operating lease liabilities5,075  5,066  
   Finance lease liabilitiesLong-term debt, excluding current installments1,326  1,081  
Total lease liabilities$7,353  $7,059  
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(1) Finance lease assets are recorded net of accumulated amortization of $670 million as of May 3, 2020 and $644 million as of February 2, 2020.
Schedule of future minimum rental payments for operating leases
The approximate future minimum lease payments under operating and finance leases as of May 3, 2020 follow:
in millionsOperating
Leases		Finance
Leases
Fiscal 2020$728  $145  
Fiscal 2021901  194  
Fiscal 2022795  193  
Fiscal 2023698  187  
Fiscal 2024601  170  
Thereafter2,964  1,189  
Total lease payments6,687  2,078  
Less imputed interest759  653  
Present value of lease liabilities$5,928  $1,425  
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Note: Amounts presented do not include payments relating to immaterial leases excluded from the Consolidated Balance Sheets. Additionally, future minimum lease payments do not include approximately $1.4 billion of leases (undiscounted basis) that have not yet commenced. These leases will commence between fiscal 2020 and fiscal 2021 with lease terms of one to 20 years.
Schedule of future minimum rental payments for financing leases
The approximate future minimum lease payments under operating and finance leases as of May 3, 2020 follow:
in millionsOperating
Leases		Finance
Leases
Fiscal 2020$728  $145  
Fiscal 2021901  194  
Fiscal 2022795  193  
Fiscal 2023698  187  
Fiscal 2024601  170  
Thereafter2,964  1,189  
Total lease payments6,687  2,078  
Less imputed interest759  653  
Present value of lease liabilities$5,928  $1,425  
—————
Note: Amounts presented do not include payments relating to immaterial leases excluded from the Consolidated Balance Sheets. Additionally, future minimum lease payments do not include approximately $1.4 billion of leases (undiscounted basis) that have not yet commenced. These leases will commence between fiscal 2020 and fiscal 2021 with lease terms of one to 20 years.
Lease cost
The components of lease cost follow:
Three Months Ended
in millionsConsolidated Statement of Earnings CaptionMay 3,
2020		May 5,
2019
Operating lease costSelling, general and administrative$195  $210  
Finance lease cost:
Amortization of leased assetsDepreciation and amortization31  21  
Interest on lease liabilitiesInterest expense26  23  
Short-term lease costSelling, general and administrative18  25  
Variable lease costSelling, general and administrative61  58  
Sublease incomeSelling, general and administrative(3) (3) 
Net lease cost$328  $334  
When the rate implicit in the contract is not readily determinable, we use a secured incremental borrowing rate as the discount rate for the present value of lease payments. We determine a secured rate on a quarterly basis and update the weighted average discount rate accordingly. Lease terms and discount rates follow:
May 3,
2020		February 2,
2020
Weighted Average Remaining Lease Term (Years):
Operating leases1010
Finance leases1312
Weighted Average Discount Rate:
Operating leases3.0 %3.1 %
Finance leases8.9 %10.4 %
Other lease information follows:
Three Months Ended
in millionsMay 3,
2020		May 5,
2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows - operating leases$253  $249  
Operating cash flows - finance leases26  23  
Financing cash flows - finance leases27  14  
Lease assets obtained in exchange for new operating lease liabilities294  166  
Lease assets obtained in exchange for new finance lease liabilities306  1