PROPERTY AND LEASES

6 Months Ended

Jul. 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 $27.7 billion as of July 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	July 30, 2023		January 29, 2023
Assets:
Operating lease assets	Operating lease right-of-use assets	$	7,139	$	6,941
Finance lease assets (1)	Net property and equipment	2,881		2,899
Total lease assets		$	10,020	$	9,840
Liabilities:
Current:
Operating lease liabilities	Current operating lease liabilities	$	1,011	$	945
Finance lease liabilities	Current installments of long-term debt	252		231
Long-term:
Operating lease liabilities	Long-term operating lease liabilities	6,376		6,226
Finance lease liabilities	Long-term debt, excluding current installments	3,058		3,054
Total lease liabilities		$	10,697	$	10,456

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

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

	Six Months Ended
in millions	July 30, 2023		July 31, 2022
Lease assets obtained in exchange for new operating lease liabilities	$	583	$	646
Lease assets obtained in exchange for new finance lease liabilities	192		202