LEASES (Tables)

12 Months Ended

Feb. 02, 2024

Schedule of Components of Lease Costs and Supplemental Information

The following table presents components of lease costs included in the Consolidated Statements of Income for the periods indicated:


	Fiscal Year Ended
		February 2, 2024		February 3, 2023

		(in millions)
Operating lease costs		$	291	$	283
Variable costs		80		113
Total lease costs		$	371	$	396

The following table presents supplemental information related to operating leases included in the Consolidated Statements of Financial Position as of the dates indicated:


	Classification	February 2, 2024			February 3, 2023

		(in millions, except for term and discount rate)
Operating lease right-of-use assets	Other non-current assets	$	707		$	725

Current operating lease liabilities	Accrued and other current liabilities	$	253		$	260
Non-current operating lease liabilities	Other non-current liabilities	576			630
Total operating lease liabilities		$	829		$	890

Weighted-average remaining lease term (in years)		4.56			4.95
Weighted-average discount rate		4.79		%	3.48		%

The following table presents supplemental cash flow information related to leases for the periods indicated:


	Fiscal Year Ended
	February 2, 2024		February 3, 2023

	(in millions)
Cash paid for amounts included in the measurement of lease liabilities — operating cash outflows from operating leases	$	300	$	306

Right-of-use assets obtained in exchange for new operating lease liabilities	$	247	$	226

Schedule of Maturity of Operating Lease Liabilities

The following table presents the future maturity of the Company’s operating lease liabilities under non-cancelable leases and reconciles the undiscounted cash flows for these leases to the lease liability recognized on the Consolidated Statements of Financial Position as of the date indicated:


	February 2, 2024
	(in millions)
Fiscal 2025	$	254
Fiscal 2026	207
Fiscal 2027	168
Fiscal 2028	120
Fiscal 2029	77
Thereafter	87
Total lease payments	913
Less: Imputed interest	84
Total	$	829
Current operating lease liabilities	$	253
Non-current operating lease liabilities	$	576