PROPERTY AND LEASES

3 Months Ended

May 03, 2026

Leases [Abstract]

PROPERTY AND LEASES

PROPERTY AND LEASES

Net Property and Equipment

Net property and equipment included accumulated depreciation and finance lease amortization of $32.2 billion as of May 3, 2026 and $31.4 billion as of February 1, 2026.

Leases

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

in millions	Consolidated Balance Sheet Classification	May 3, 2026		February 1, 2026
Assets:
Operating lease assets	Operating lease right-of-use assets	$	9,275	$	9,204
Finance lease assets (1)	Net property and equipment	2,531		2,563
Total lease assets		$	11,806	$	11,767
Liabilities:
Current:
Operating lease liabilities	Current operating lease liabilities	$	1,484	$	1,418
Finance lease liabilities	Current installments of long-term debt	292		288
Long-term:
Operating lease liabilities	Long-term operating lease liabilities	8,164		8,160
Finance lease liabilities	Long-term debt, excluding current installments	2,640		2,675
Total lease liabilities		$	12,580	$	12,541

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(1)    Finance lease assets are recorded net of accumulated amortization of $1.6 billion as of both May 3, 2026 and February 1, 2026.

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

	Three Months Ended
in millions	May 3, 2026		May 4, 2025
Lease assets obtained in exchange for new operating lease liabilities	$	458	$	469
Lease assets obtained in exchange for new finance lease liabilities	51		89