LEASES AND LEASE-FINANCED TRANSACTIONS (Tables)

9 Months Ended

Nov. 09, 2019

LEASES AND LEASE-FINANCED TRANSACTIONS

Schedule of supplemental balance sheet classification

		November 9,		February 2,
	Classification	2019		2019
Assets
Operating	Operating lease assets	$	6,847	$	—
Finance	Property, plant and equipment, net(1)		760		721
Total leased assets		$	7,607	$	721
Liabilities
Current
Operating	Current portion of operating lease liabilities	$	673	$	—
Finance	Current portion of long-term debt including obligations under finance leases		50		54
Noncurrent
Operating	Noncurrent operating lease liabilities		6,449		—
Finance	Long-term debt including obligations under finance leases		916		824
Total lease liabilities		$	8,088	$	878

(1) Finance lease assets are recorded net of accumulated amortization of $298 and $345 as of November 9, 2019 and February 2, 2019.

Schedule of components of lease cost

		Third Quarter Ended		Three Quarters Ended
Lease Cost	Classification	November 9, 2019		November 9, 2019
Operating lease cost(1)	Rent Expense	$	229	$	768
Sublease and other rental income	Rent Expense		(28)		(93)
Finance lease cost
Amortization of leased assets	Depreciation and Amortization		13		41
Interest on lease liabilities	Interest Expense		12		37
Net lease cost		$	226	$	753

(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	$	195	$	17	$	212
2020		966		95		1,061
2021		891		96		987
2022		754		93		847
2023		685		93		778
Thereafter		6,910		1,003		7,913
Total lease payments		10,401		1,397	$	11,798
Less amount representing interest		3,279		431
Present value of lease liabilities(1)	$	7,122	$	966

(1) Includes the current portion of $673 for operating leases and $50 for finance leases.

Schedule of weighted-average lease term and discount rate

	November 9, 2019
Weighted-average remaining lease term (years)
Operating leases	16.1
Finance leases	16.0
Weighted-average discount rate
Operating leases	4.3	%
Finance leases	4.2	%

Schedule of supplemental cash flow information

	Three Quarters Ended
	November 9, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	711
Operating cash flows from finance leases		37
Financing cash flows from finance leases		33
Leased assets obtained in exchange for new operating lease liabilities		658
Leased assets obtained in exchange for new finance lease liabilities		185
Net gain recognized from sale and leaseback transactions(1)		51
Impairment of operating lease assets		29
Impairment of finance lease assets		40

(1) During the first three quarters 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