PROPERTY AND LEASES

3 Months Ended

Apr. 30, 2023

Leases [Abstract]

Property and Leases

PROPERTY AND LEASES

Net Property and Equipment

Net property and equipment includes accumulated depreciation and finance lease amortization of $27.0 billion as of April 30, 2023 and $26.6 billion as of January 29, 2023.

Leases

The following table presents the consolidated balance sheet classification related to operating and finance leases:

in millions	Consolidated Balance Sheet Classification	April 30, 2023		January 29, 2023
Assets:
Operating lease assets	Operating lease right-of-use assets	$	6,931	$	6,941
Finance lease assets (1)	Net property and equipment	2,879		2,899
Total lease assets		$	9,810	$	9,840
Liabilities:
Current:
Operating lease liabilities	Current operating lease liabilities	$	966	$	945
Finance lease liabilities	Current installments of long-term debt	239		231
Long-term:
Operating lease liabilities	Long-term operating lease liabilities	6,209		6,226
Finance lease liabilities	Long-term debt, excluding current installments	3,060		3,054
Total lease liabilities		$	10,474	$	10,456

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(1) Finance lease assets are recorded net of accumulated amortization of $1.1 billion as of April 30, 2023 and $1.2 billion as of January 29, 2023.

The following table presents supplemental non-cash information related to leases:

	Three Months Ended
in millions	April 30, 2023		May 1, 2022
Lease assets obtained in exchange for new operating lease liabilities	$	254	$	256
Lease assets obtained in exchange for new finance lease liabilities	114		148