PROPERTY AND LEASES (Tables)

9 Months Ended

Oct. 27, 2024

Leases [Abstract]

Summary of Assets and Liabilities Related to Operating and Finance Leases

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

in millions	Consolidated Balance Sheet Classification	October 27, 2024		January 28, 2024
Assets:
Operating lease assets	Operating lease right-of-use assets	$	8,521	$	7,884
Finance lease assets (1)	Net property and equipment	2,703		2,840
Total lease assets		$	11,224	$	10,724
Liabilities:
Current:
Operating lease liabilities	Current operating lease liabilities	$	1,262	$	1,050
Finance lease liabilities	Current installments of long-term debt	359		268
Long-term:
Operating lease liabilities	Long-term operating lease liabilities	7,538		7,082
Finance lease liabilities	Long-term debt, excluding current installments	2,803		3,000
Total lease liabilities		$	11,962	$	11,400

—————

(1) Finance lease assets are recorded net of accumulated amortization of $1.4 billion as of October 27, 2024 and $1.2 billion as of January 28, 2024.

Summary of Supplemental Non-Cash Information Related to Leases

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

	Nine Months Ended
in millions	October 27, 2024		October 29, 2023
Lease assets obtained in exchange for new operating lease liabilities	$	934	$	791
Lease assets obtained in exchange for new finance lease liabilities	120		261