LEASES AND LEASE-FINANCED TRANSACTIONS (Tables)

12 Months Ended

Jan. 29, 2022

LEASES AND LEASE-FINANCED TRANSACTIONS

Schedule of supplemental balance sheet classification

		January 29,		January 30,
	Classification	2022		2021
Assets
Operating	Operating lease assets	$	6,695	$	6,796
Finance	Property, plant and equipment, net(1)		1,525		844
Total leased assets		$	8,220	$	7,640
Liabilities
Current
Operating	Current portion of operating lease liabilities	$	650	$	667
Finance	Current portion of long-term debt including obligations under finance leases		104		67
Noncurrent
Operating	Noncurrent operating lease liabilities		6,426		6,507
Finance	Long-term debt including obligations under finance leases		1,515		936
Total lease liabilities		$	8,695	$	8,177

(1) Finance lease assets are recorded net of accumulated amortization of $414 and $321 as of January 29, 2022 and January 30, 2021.

Schedule of components of lease cost

		Year-To-Date		Year-To-Date
Lease Cost	Classification		January 29, 2022	January 30, 2021
Operating lease cost(1)	Rent Expense	$	954	$	981
Sublease and other rental income	Rent Expense		(109)		(107)
Finance lease cost
Amortization of leased assets	Depreciation and Amortization		95		55
Interest on lease liabilities	Interest Expense		52		45
Net lease cost		$	992	$	974

(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
2022	$	920	$	159	$	1,079
2023		862		158		1,020
2024		791		156		947
2025		717		152		869
2026		664		152		816
Thereafter		5,961		1,323		7,284
Total lease payments		9,915		2,100	$	12,015
Less amount representing interest		2,839		481
Present value of lease liabilities(1)	$	7,076	$	1,619

(1) Includes the current portion of $650 for operating leases and $104 for finance leases.

Schedule of weighted-average lease term and discount rate

	January 29, 2022		January 30, 2021
Weighted-average remaining lease term (years)
Operating leases	14.9		15.3
Finance leases	14.7		16.2
Weighted-average discount rate
Operating leases	4.1	%	4.2	%
Finance leases	3.7	%	4.4	%

Schedule of supplemental cash flow information

	Year-To-Date		Year-To-Date
	January 29, 2022		January 30, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	897	$	849
Operating cash flows from finance leases		52		45
Financing cash flows from finance leases		127		37
Leased assets obtained in exchange for new operating lease liabilities		669		679
Leased assets obtained in exchange for new finance lease liabilities		753		190
Net gain recognized from sale and leaseback transactions(1)		35		39
Impairment of operating lease assets		8		4
Impairment of finance lease assets		4		2

(1) In 2021, the Company entered into sale leaseback transactions related to seven properties, which resulted in total proceeds of $79. In 2020, the Company entered into sale leaseback transactions related to seven properties, which resulted in total proceeds of $78.