Leases (Tables)

12 Months Ended

Feb. 01, 2025

Leases [Abstract]

Supplemental Balance Sheet Information

	Balance Sheet Location	February 1, 2025		February 3, 2024
Assets
Operating leases	Operating lease assets	$	2,833	$	2,758
Finance leases	Property under finance leases, net(1)		34		43
Total lease assets		$	2,867	$	2,801
Liabilities
Current:
Operating leases	Current portion of operating lease liabilities	$	617	$	618
Finance leases	Current portion of long-term debt		10		13
Non-current:
Operating leases	Long-term operating lease liabilities		2,282		2,199
Finance leases	Long-term debt		15		21
Total lease liabilities		$	2,924	$	2,851

(1)Finance leases were recorded net of accumulated depreciation of $54 million and $54 million as of February 1, 2025 and February 3, 2024, respectively.

Components of Lease Cost

	Statement of Earnings Location	2025		2024		2023
Operating lease cost(1)	Cost of sales and SG&A(2)	$	784	$	777	$	780
Variable lease cost	Cost of sales and SG&A(2)		236		239		233
Sublease income	SG&A		(13)		(11)		(12)
Total operating lease cost		$	1,007	$	1,005	$	1,001

(1)Includes short-term leases, which are immaterial.

(2)Supply chain-related amounts are included in Cost of sales.

Other Information

	2025			2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows	$	781		$	772
Lease assets obtained in exchange for new lease liabilities	$	771		$	717
Weighted average remaining lease term (in years)		5.4			5.2
Weighted average discount rate		4.1	%		3.6	%

Future Lease Payments

	Operating Leases(1)
Fiscal 2026	$	723
Fiscal 2027		703
Fiscal 2028		574
Fiscal 2029		429
Fiscal 2030		312
Thereafter		522
Total future undiscounted lease payments		3,263
Less imputed interest		364
Total reported lease liability	$	2,899

(1)Lease payments exclude $19 million of legally binding fixed costs for leases signed but not yet commenced.