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Leases (Tables)
12 Months Ended
Jan. 29, 2022
Leases [Abstract]  
Supplemental Balance Sheet Information Balance Sheet Location January 29, 2022 January 30, 2021Assets Operating leasesOperating lease assets $ 2,654  $ 2,612  Finance leasesProperty under finance leases, net(1) 45  37  Total lease assets $ 2,699  $ 2,649  Liabilities Current: Operating leasesCurrent portion of operating lease liabilities $ 648  $ 693  Finance leasesCurrent portion of long-term debt 13  14  Non-current: Operating leasesLong-term operating lease liabilities 2,061  2,012  Finance leasesLong-term debt 27  24  Total lease liabilities $ 2,749  $ 2,743  (1)Finance leases were recorded net of accumulated depreciation of $46 million and $36 million as of January 29, 2022, and January 30, 2021, respectively.
Components of Lease Cost Statement of Earnings Location 2022 2021Operating lease cost(1)Cost of sales and SG&A(2) $ 770  $ 777  Finance lease cost: Depreciation of lease assetsCost of sales and SG&A(2) 13  13  Interest on lease liabilitiesInterest expense 1  1  Variable lease costCost of sales and SG&A(2) 238  249  Sublease incomeSG&A (13) (16) Total lease cost $ 1,009  $ 1,024  (1)Includes short-term leases, which are immaterial.(2)Supply chain-related amounts are included in Cost of sales.
Other Information 2022 2021Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 814  $ 795  Operating cash flows from finance leases 1  1  Financing cash flows from finance leases 18  15  Lease assets obtained in exchange for new lease liabilities: Operating leases 759  608  Finance leases 21  33  Weighted average remaining lease term (in years): Operating leases 5.1  5.1  Finance leases 5.0  5.6  Weighted average discount rate: Operating leases 2.5 % 2.9 %Finance leases 2.4 % 2.9 %
Future Lease Payments Operating Leases(1) Finance Leases(1)Fiscal 2023 $ 706  $ 15  Fiscal 2024 644  12  Fiscal 2025 521  8  Fiscal 2026 390  4  Fiscal 2027 277  1  Thereafter 354  4  Total future undiscounted lease payments 2,892  44  Less imputed interest 183  4  Total reported lease liability $ 2,709  $ 40  (1)Lease payments exclude $51 million of legally binding fixed costs for leases signed but not yet commenced.