LEASES AND LEASE-FINANCED TRANSACTIONS (Tables)

4 Months Ended

May 25, 2019

LEASES AND LEASE-FINANCED TRANSACTIONS

Schedule of supplemental balance sheet classification

		May 25,		February 2,
	Classification	2019		2019
Assets
Operating	Operating lease assets	$	6,819	$	—
Finance	Property, plant and equipment, net (1)		641		721
Total leased assets		$	7,460	$	721
Liabilities
Current
Operating	Current portion of operating lease liabilities	$	682	$	—
Finance	Current portion of long-term debt including obligations under finance leases		48		54
Noncurrent
Operating	Noncurrent operating lease liabilities		6,420		—
Finance	Long-term debt including obligations under finance leases		760		824
Total lease liabilities		$	7,910	$	878

(1) Finance lease assets are recorded net of accumulated amortization of $287 and $345 as of May 25, 2019 and February 2, 2019.

Schedule of components of lease cost

		First Quarter Ended
Lease Cost	Classification	May 25, 2019
Operating lease cost (1)	Rent Expense	$	311
Sublease income	Rent Expense		(37)
Finance lease cost
Amortization of leased assets	Depreciation and Amortization		15
Interest on lease liabilities	Interest Expense		14
Net lease cost		$	303

(1) Includes short-term leases and variable lease costs, which are immaterial.

Schedule of maturities of operating and finance lease liabilities

	Operating		Finance
	Leases		Leases		Total
Remainder of 2019	$	700	$	63	$	763
2020		888		84		972
2021		824		84		908
2022		706		80		786
2023		635		79		714
Thereafter		6,645		787		7,432
Total lease payments		10,398		1,177	$	11,575
Less amount representing interest		3,296		369
Present value of lease liabilities (1)	$	7,102	$	808

(1) Includes the current portion of $682 for operating leases and $48 for finance leases.

Schedule of weighted-average lease term and discount rate

	May 25, 2019
Weighted-average remaining lease term (years)
Operating leases	16.3
Finance leases	15.0
Weighted-average discount rate
Operating leases	4.4	%
Finance leases	4.4	%

Schedule of supplemental cash flow information

	First Quarter Ended
	May 25, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	239
Operating cash flows from finance leases	$	14
Financing cash flows from finance leases	$	9
Leased assets obtained in exchange for new operating lease liabilities	$	257
Leased assets obtained in exchange for new finance lease liabilities	$	33
Net gain recognized from sale and leaseback transactions (1)	$	51

(1) During the first quarter of 2019, the Company entered into sale leaseback transactions related to eight properties, which resulted in total proceeds of $102.

Schedule of minimum annual rentals and payments under capital leases and lease-financed transactions

					Lease-
	Capital		Operating		Financed
	Leases		Leases		Transactions
2019	$	103	$	948	$	5
2020		89		880		6
2021		86		773		5
2022		82		649		5
2023		81		556		5
Thereafter		766		3,197		17
Total		1,207	$	7,003	$	43
Less estimated executory costs included in capital leases		—
Net minimum lease payments under capital leases		1,207
Less amount representing interest		372
Present value of net minimum lease payments under capital leases	$	835