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Property and Leases (Tables)
 6 Months Ended
Aug. 02, 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 CaptionAugust 2,
2020		February 2,
2020
Assets:
Operating lease assetsOperating lease right-of-use assets$5,436 $5,595 
Finance lease assets (1)
Net property and equipment
1,940 934 
Total lease assets$7,376 $6,529 
Liabilities:
Current:
   Operating lease liabilitiesCurrent operating lease liabilities$831 $828 
   Finance lease liabilitiesCurrent installments of long-term debt128 84 
Long-term:
   Operating lease liabilitiesLong-term operating lease liabilities4,895 5,066 
   Finance lease liabilitiesLong-term debt, excluding current installments2,056 1,081 
Total lease liabilities$7,910 $7,059 
—————
(1) Finance lease assets are recorded net of accumulated amortization of $707 million as of August 2, 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 August 2, 2020 follow:
in millionsOperating
Leases		Finance
Leases
Fiscal 2020$490 $117 
Fiscal 2021937 239 
Fiscal 2022833 239 
Fiscal 2023733 234 
Fiscal 2024630 217 
Thereafter3,041 1,974 
Total lease payments6,664 3,020 
Less imputed interest938 836 
Present value of lease liabilities$5,726 $2,184 
—————
Note: Amounts presented do not include payments relating to immaterial leases excluded from the Consolidated Balance Sheets as a result of adopting certain practical expedients. Additionally, future minimum lease payments do not include approximately $1.1 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 August 2, 2020 follow:
in millionsOperating
Leases		Finance
Leases
Fiscal 2020$490 $117 
Fiscal 2021937 239 
Fiscal 2022833 239 
Fiscal 2023733 234 
Fiscal 2024630 217 
Thereafter3,041 1,974 
Total lease payments6,664 3,020 
Less imputed interest938 836 
Present value of lease liabilities$5,726 $2,184 
—————
Note: Amounts presented do not include payments relating to immaterial leases excluded from the Consolidated Balance Sheets as a result of adopting certain practical expedients. Additionally, future minimum lease payments do not include approximately $1.1 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 EndedSix Months Ended
in millionsConsolidated Statement of Earnings CaptionAugust 2,
2020		August 4,
2019		August 2,
2020		August 4,
2019
Operating lease costSelling, general and administrative$193 $205 $388 $415 
Finance lease cost:
Amortization of leased assetsDepreciation and amortization36 22 67 43 
Interest on lease liabilitiesInterest expense26 23 52 46 
Short-term lease costSelling, general and administrative19 18 37 43 
Variable lease costSelling, general and administrative65 64 126 122 
Sublease incomeSelling, general and administrative(4)(4)(7)(7)
Net lease cost$335 $328 $663 $662 
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:
August 2,
2020		February 2,
2020
Weighted Average Remaining Lease Term (Years):
Operating leases1010
Finance leases1512
Weighted Average Discount Rate:
Operating leases3.0 %3.1 %
Finance leases6.8 %10.4 %
Other lease information follows:
Six Months Ended
in millionsAugust 2,
2020		August 4,
2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows - operating leases$505 $500 
Operating cash flows - finance leases52 46 
Financing cash flows - finance leases56 30 
Lease assets obtained in exchange for new operating lease liabilities296 520 
Lease assets obtained in exchange for new finance lease liabilities1,085 67