Leases

12 Months Ended

Jan. 31, 2024

Leases [Abstract]

Leases

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 costs recognized in the Consolidated Statements of Income consist of the following:

	Fiscal years ended January 31,
(Amounts in millions)	2024		2023		2022
Operating lease cost	$	2,277	$	2,306	$	2,274
Finance lease cost:
Amortization of right-of-use assets	755		596		565
Interest on lease obligations	326		256		232
Variable lease cost	1,082		899		823

Other lease information is as follows:

	Fiscal years ended January 31,
(Amounts in millions)	2024		2023	2022
Cash paid for amounts included in measurement of lease obligations:
Operating cash flows from operating leases	$	2,273	2,280	2,234
Operating cash flows from finance leases	315		248	225
Financing cash flows from finance leases	1,055		563	538
Assets obtained in exchange for operating lease obligations	1,514		1,714	1,816
Assets obtained in exchange for finance lease obligations	1,572		1,226	1,044

	As of January 31,
	2024	2023
Weighted-average remaining lease term - operating leases	11.7 years	12.0 years
Weighted-average remaining lease term - finance leases	12.4 years	13.3 years
Weighted-average discount rate - operating leases	6.4%	6.0%
Weighted-average discount rate - finance leases	6.8%	6.5%

The aggregate annual lease obligations at January 31, 2024, are as follows:

(Amounts in millions)
Fiscal Year	Operating Leases		Finance Leases
2025	$	2,181	$	1,071
2026	2,107		1,000
2027	1,970		926
2028	1,815		823
2029	1,645		636
Thereafter	11,295		5,850
Total undiscounted lease obligations	21,013		10,306
Less imputed interest	(6,583)		(3,872)
Net lease obligations	$	14,430	$	6,434

Leases

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 costs recognized in the Consolidated Statements of Income consist of the following:

	Fiscal years ended January 31,
(Amounts in millions)	2024		2023		2022
Operating lease cost	$	2,277	$	2,306	$	2,274
Finance lease cost:
Amortization of right-of-use assets	755		596		565
Interest on lease obligations	326		256		232
Variable lease cost	1,082		899		823

Other lease information is as follows:

	Fiscal years ended January 31,
(Amounts in millions)	2024		2023	2022
Cash paid for amounts included in measurement of lease obligations:
Operating cash flows from operating leases	$	2,273	2,280	2,234
Operating cash flows from finance leases	315		248	225
Financing cash flows from finance leases	1,055		563	538
Assets obtained in exchange for operating lease obligations	1,514		1,714	1,816
Assets obtained in exchange for finance lease obligations	1,572		1,226	1,044

	As of January 31,
	2024	2023
Weighted-average remaining lease term - operating leases	11.7 years	12.0 years
Weighted-average remaining lease term - finance leases	12.4 years	13.3 years
Weighted-average discount rate - operating leases	6.4%	6.0%
Weighted-average discount rate - finance leases	6.8%	6.5%

The aggregate annual lease obligations at January 31, 2024, are as follows:

(Amounts in millions)
Fiscal Year	Operating Leases		Finance Leases
2025	$	2,181	$	1,071
2026	2,107		1,000
2027	1,970		926
2028	1,815		823
2029	1,645		636
Thereafter	11,295		5,850
Total undiscounted lease obligations	21,013		10,306
Less imputed interest	(6,583)		(3,872)
Net lease obligations	$	14,430	$	6,434