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PROPERTY AND LEASES (Tables)
 12 Months Ended
Jan. 28, 2024
Leases [Abstract]  
Schedule of Components of Net Property and Equipment
The following table presents components of net property and equipment:
in millionsJanuary 28,
2024		January 29,
2023
Land$9,027 $8,719 
Buildings and improvements20,030 19,430 
Furniture, fixtures, and equipment16,667 16,564 
Leasehold improvements2,254 2,130 
Construction in progress1,192 1,297 
Finance leases4,087 4,135 
Property and equipment, at cost53,257 52,275 
Less accumulated depreciation and finance lease amortization27,103 26,644 
Net property and equipment$26,154 $25,631 
Schedule of Depreciation and Finance Lease Amortization
The following table presents depreciation and finance lease amortization expense, including depreciation and finance lease amortization expense included in cost of sales:
in millionsFiscalFiscalFiscal
202320222021
Depreciation and finance lease amortization expense$3,020 $2,756 $2,650 
Schedule of Assets and Liabilities Related to Operating and Finance Leases
The following table presents the consolidated balance sheet classification related to operating and finance leases:
in millionsConsolidated Balance Sheet ClassificationJanuary 28,
2024		January 29,
2023
Assets:
Operating lease assetsOperating lease right-of-use assets$7,884 $6,941 
Finance lease assets (1)
Net property and equipment2,840 2,899 
Total lease assets$10,724 $9,840 
Liabilities:
Current:
   Operating lease liabilitiesCurrent operating lease liabilities$1,050 $945 
   Finance lease liabilitiesCurrent installments of long-term debt268 231 
Long-term:
   Operating lease liabilitiesLong-term operating lease liabilities7,082 6,226 
   Finance lease liabilitiesLong-term debt, excluding current installments3,000 3,054 
Total lease liabilities$11,400 $10,456 
—————
(1)    Finance lease assets are recorded net of accumulated amortization of $1.2 billion as of both January 28, 2024 and January 29, 2023.
Schedule of Lease Information
The following table presents components of lease cost, excluding short-term lease cost and sublease income which are immaterial:
Consolidated Statement of Earnings Classification (1)
Fiscal
FiscalFiscal
in millions202320222021
Operating lease costSelling, general and administrative$1,359 $1,169 $1,084 
Finance lease cost:
Amortization of leased assetsDepreciation and amortization304 282 250 
Interest on lease liabilitiesInterest expense126 125 127 
Variable lease costSelling, general and administrative486 470 425 
—————
(1)Costs associated with our sourcing and distribution network are recorded in cost of sales, with the exception of interest on finance lease liabilities.
The following table presents weighted average remaining lease terms and discount rates:
January 28,
2024		January 29,
2023
Weighted Average Remaining Lease Term (Years):
Operating leases109
Finance leases1314
Weighted Average Discount Rate:
Operating leases3.7 %3.2 %
Finance leases3.7 %4.3 %
Schedule of Future Minimum Rental Payments Under Operating and Financing Leases
The following table presents approximate future minimum payments under operating and finance leases at January 28, 2024:
in millionsOperating
Leases		Finance
Leases
Fiscal 2024$1,325 $381 
Fiscal 20251,342 456 
Fiscal 20261,191 347 
Fiscal 20271,041 323 
Fiscal 2028884 287 
Thereafter4,288 2,251 
Total lease payments10,071 4,045 
Less: imputed interest1,939 777 
Present value of lease liabilities$8,132 $3,268 
—————
Note: We have excluded approximately $450 million of lease payments (undiscounted basis) for leases that have been signed but have not yet commenced.
Schedule of Future Minimum Rental Payments for Operating Leases
The following table presents approximate future minimum payments under operating and finance leases at January 28, 2024:
in millionsOperating
Leases		Finance
Leases
Fiscal 2024$1,325 $381 
Fiscal 20251,342 456 
Fiscal 20261,191 347 
Fiscal 20271,041 323 
Fiscal 2028884 287 
Thereafter4,288 2,251 
Total lease payments10,071 4,045 
Less: imputed interest1,939 777 
Present value of lease liabilities$8,132 $3,268 
—————
Note: We have excluded approximately $450 million of lease payments (undiscounted basis) for leases that have been signed but have not yet commenced.
Schedule of Other Lease Information
The following table presents supplemental cash flow information related to leases:
Fiscal
FiscalFiscal
in millions202320222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows – operating leases$1,328 $1,157 $1,090 
Operating cash flows – finance leases126 125 127 
Financing cash flows – finance leases271 241 182 
Supplemental non-cash information:
Lease assets obtained in exchange for new operating lease liabilities1,827 1,991 964 
Lease assets obtained in exchange for new finance lease liabilities336 322 672