PROPERTY AND LEASES

6 Months Ended

Aug. 03, 2025

Leases [Abstract]

PROPERTY AND LEASES

PROPERTY AND LEASES

Net Property and Equipment

Net property and equipment included accumulated depreciation and finance lease amortization of $30.6 billion as of August 3, 2025 and $29.1 billion as of February 2, 2025.

Leases

The following table presents certain consolidated balance sheet information related to operating and finance leases:

in millions	Consolidated Balance Sheet Classification	August 3, 2025		February 2, 2025
Assets:
Operating lease assets	Operating lease right-of-use assets	$	8,662	$	8,592
Finance lease assets (1)	Net property and equipment	2,632		2,638
Total lease assets		$	11,294	$	11,230
Liabilities:
Current:
Operating lease liabilities	Current operating lease liabilities	$	1,336	$	1,274
Finance lease liabilities	Current installments of long-term debt	287		272
Long-term:
Operating lease liabilities	Long-term operating lease liabilities	7,668		7,633
Finance lease liabilities	Long-term debt, excluding current installments	2,727		2,749
Total lease liabilities		$	12,018	$	11,928

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(1) Finance lease assets are recorded net of accumulated amortization of $1.5 billion as of August 3, 2025 and $1.4 billion as of February 2, 2025.

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

	Six Months Ended
in millions	August 3, 2025		July 28, 2024
Lease assets obtained in exchange for new operating lease liabilities	$	793	$	670
Lease assets obtained in exchange for new finance lease liabilities	154		74