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Leases
12 Months Ended
Jan. 29, 2022
Leases [Abstract]  
Lessee, Operating Leases [Text Block] Leases
Net lease cost recognized on our Consolidated Statements of Operations is summarized as follows:
Fiscal Year
($ in millions)20212020
Operating lease cost $947 $1,043 
Variable lease cost 428 416 
Sublease (income) loss(4)
Net lease cost $1,376 $1,455 
As of January 29, 2022, the maturities of lease liabilities based on the total minimum lease commitment amount including options to extend lease terms that are reasonably certain of being exercised are as follows:
($ in millions)
Fiscal Year
2022$954 
2023850 
2024745 
2025635 
2026550 
Thereafter2,250 
Total minimum lease payments5,984 
Less: Interest(1,217)
Present value of operating lease liabilities4,767 
Less: Current portion of operating lease liabilities(734)
Long-term operating lease liabilities$4,033 
During fiscal 2021, non-cash operating lease asset activity, net of remeasurements and modifications, was $140 million and reflects permanent store closures and the derecognition of leases related to the divestitures and changes to our European operating model. During fiscal 2020, non-cash operating lease asset activity, net of remeasurements and modifications, was $(362) million which includes $391 million of operating lease asset impairment. In addition, the non-cash operating lease activity also reflects the impact of permanent store closures resulting from our fleet rationalization efforts during fiscal year 2020. As of January 29, 2022 and January 30, 2021, the minimum lease commitment amount for operating leases signed but not yet commenced, primarily for retail stores, was $91 million and $127 million, respectively. 
As of January 29, 2022 and January 30, 2021, the weighted-average remaining operating lease term was 8.1 years and 8.2 years, respectively, and the weighted-average discount rate was 5.4 percent and 5.1 percent, respectively, for operating leases recognized on our Consolidated Financial Statements.
As of January 29, 2022 and January 30, 2021, the Company's finance leases were not material to our Consolidated Financial Statements.
See Note 1 of Notes to Consolidated Financial Statements for additional disclosures related to leases.