Supplemental Disclosure (Tables)

3 Months Ended

May 03, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Net Interest Expense

Net interest expense is comprised of the following:

	Three Months Ended
(In millions)	May 3, 2024		May 5, 2023
Long-term debt	$	363	$	343
Short-term borrowings	—		14
Lease obligations	6		6
Interest income	(21)		(16)
Interest capitalized	(1)		(1)
Interest on tax uncertainties	3		—
Other	2		3
Interest – net	$	352	$	349

Supplemental Disclosures of Cash Flow Information

Supplemental disclosures of cash flow information:

	Three Months Ended
(In millions)	May 3, 2024		May 5, 2023
Cash paid for interest, net of amount capitalized	$	689	$	383
Cash paid for income taxes – net 1	29		1,234
Non-cash investing and financing activities:
Leased assets obtained in exchange for new finance lease liabilities	$	19	$	4
Leased assets obtained in exchange for new operating lease liabilities 2	228		98
Cash dividends declared but not paid	629		624

1 Cash paid for income taxes - net for the three months ended May 5, 2023 included $1.2 billion of estimated income tax payments for the third and fourth quarter of fiscal 2022 that were deferred under the Internal Revenue Service’s income tax relief for businesses located in states affected by Hurricane Ian.

2 Excludes $16 million of leases signed but not yet commenced as of May 3, 2024.