Leases (Notes)

9 Months Ended

Oct. 31, 2019

Leases of Lessee Disclosure [Text Block]

Leases

The Company leases certain retail locations, distribution and fulfillment centers, warehouses, office spaces, land and equipment throughout the U.S. and internationally.

The Company's lease cost consists of the following:



(Amounts in millions)	Three Months Ended October 31, 2019		Nine Months Ended October 31, 2019
Operating lease cost	$	692	$	1,989
Finance lease cost:
Amortization of right-of-use assets	127		354
Interest on lease obligations	78		230
Variable lease cost	173		508

Other lease information is as follows:



(Dollar amounts in millions)	Nine Months Ended October 31, 2019
Cash paid for amounts included in measurement of lease obligations:
Operating cash flows from operating leases	$	1,932
Operating cash flows from finance leases	202
Financing cash flows from finance leases	363
Assets obtained in exchange for operating lease obligations	1,576
Assets obtained in exchange for finance lease obligations	733
Weighted-average remaining lease term - operating leases	15.6 years
Weighted-average remaining lease term - finance leases	13.9 years
Weighted-average discount rate - operating leases	5.4		%
Weighted-average discount rate - finance leases	8.9		%

The aggregate annual lease obligations at October 31, 2019 are as follows:



(Amounts in millions)
Fiscal Year	Operating Leases			Finance Leases
Remainder of 2020	$	580		$	173
2021	2,462			755
2022	2,242			702
2023	2,019			579
2024	1,829			498
Thereafter	16,430			5,688
Total undiscounted lease obligations	25,562			8,395
Less imputed interest	(8,081		)	(3,859		)
Net lease obligations	$	17,481		$	4,536

Upon adoption of ASU 2016-02, Leases (Topic 842), the Company's aggregate annual lease obligations includes leases with reasonably assured renewals. The aggregate minimum annual lease rentals as of January 31, 2019 for the remaining contractual term of non-cancelable leases under ASC 840 were as follows:



(Amounts in millions)
Fiscal Year	Operating Leases⁽¹⁾		Capital Lease and Financing Obligations
2020	$	1,856	$	917
2021	1,655		856
2022	1,420		794
2023	1,233		667
2024	1,063		593
Thereafter	6,891		6,069
Total minimum rentals	$	14,118	$	9,896
Less estimated executory costs			23
Net minimum lease payments			9,873
Financing obligation noncash gains and other			2,278
Less imputed interest			(4,739		)
Present value of minimum lease payments			$	7,412

(1)

Represents minimum contractual obligation for non-cancelable leases with initial or remaining terms greater than 12 months as of January 31, 2019.