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Leases
6 Months Ended
Jul. 31, 2020
Leases  
Leases

4.Leases

As of July 31, 2020, the Company’s primary leasing activities were real estate leases for most of its retail store locations and certain of its distribution facilities. Substantially all of the Company’s leases are classified as operating leases and the associated assets and liabilities are presented as separate captions in the condensed consolidated balance sheets. Finance lease assets are included in net property and equipment, and finance lease liabilities are included in long-term obligations, in the condensed consolidated balance sheet. At July 31, 2020, the weighted-average remaining lease term for the Company’s operating leases is 10.0 years, and the weighted average discount rate for such leases is 4.1%. Operating lease costs are reflected as selling, general and administrative costs in the condensed consolidated statements of income. For the 26-week periods ended July 31, 2020 and August 2, 2019, such costs were $678.6 million and $622.4 million, respectively. Cash paid for amounts included in the measurement of operating lease liabilities of $680.4 million and $626.3 million, respectively, were reflected in cash flows from operating activities in the condensed consolidated statements of cash flows for the 26-week periods ended July 31, 2020 and August 2, 2019.