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Leases
12 Months Ended
Jan. 30, 2022
Leases [Abstract]  
Leases LEASES
The Company occupies certain facilities and operates certain equipment and vehicles under operating leases that expire at various dates through the year 2036.
The table below presents lease costs associated with facility and vehicle operating leases:
Fiscal Years Ended
Lease CostClassificationJanuary 30, 2022January 31, 2021February 2, 2020
Operating Lease CostSelling, general, and administrative expense$58 $53 $47 
Future aggregate rental payments under non-cancelable operating leases as of January 30, 2022 are as follows:
January 30, 2022
Fiscal 2022$51 
Fiscal 202341 
Fiscal 202430 
Fiscal 202521 
Fiscal 202613
Thereafter16 
Total minimum lease payments172 
Less: present value discount(20)
Present value of lease liabilities$152 
To calculate the present value of the operating lease liabilities, the Company determined its incremental borrowing rate by considering market and company specific factors, including interest rates for borrowings secured by collateral and adjusted for the remaining term of the leased facility, machinery, or vehicle categories. The table below presents the weighted average remaining lease term (years) and the weighted average discount rate of the Company's operating leases:
Operating Lease Term and Discount RateJanuary 30, 2022January 31, 2021
Weighted average remaining lease term (years)2.92.6
Weighted average discount rate3.8 %4.5 %
The table below presents cash and non-cash impacts associated with leases: 
Fiscal Years Ended
January 30, 2022January 31, 2021February 2, 2020
Cash paid for amounts included in the measurements of lease liabilities
Operating cash flows from operating leases$58 $53 $47 
Right-of-use assets obtained in exchange for new lease liabilities
Operating leases$47 $35 $46 
The non-cash impact related to right-of-use assets obtained in exchange for new operating lease liabilities in the table above excludes the impact from acquisitions. Right-of-use assets acquired as part of the Pacific Pipe, L&M, R&B and LIP acquisitions are presented in Note 4.