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Properties and Leases (Tables)
 12 Months Ended
Jan. 28, 2023
Property Plant and Equipment and Leases of Lessee [Abstract]  
Major Classes of Property, Plant and Equipment, Net
The major classes of property and equipment, net as of January 28, 2023 and January 29, 2022 are as follows:
January 28,
2023		January 29,
2022
(millions)
Land$1,334 $1,353 
Buildings on owned land3,691 3,635 
Buildings on leased land and leasehold improvements1,368 1,303 
Fixtures and equipment4,153 3,922 
10,546 10,213 
Less accumulated depreciation and amortization4,633 4,548 
$5,913 $5,665 
ROU Assets and Lease Liabilities
ROU assets and lease liabilities consist of:
ClassificationJanuary 28,
2023		January 29,
2022
(millions)
Assets
Finance lease assets (a)Right of Use Assets$9 $10 
Operating lease assets (b)Right of Use Assets2,674 2,798 
Total lease assets$2,683 $2,808 
Liabilities
Current
Finance (a)Accounts payable and accrued liabilities$2 $2 
Operating (b)Accounts payable and accrued liabilities333 328 
Noncurrent
Finance (a)Long-Term Lease Liabilities15 17 
Operating (b)Long-Term Lease Liabilities2,948 3,081 
Total lease liabilities$3,298 $3,428 
(a)
Finance lease assets are recorded net of accumulated amortization of $13 million as of January 28, 2023 and January 29, 2022. As of both January 28, 2023 and January 29, 2022, finance lease assets included $1 million, and noncurrent lease liabilities included $2 million of non-lease components.
(b)
As of January 28, 2023, operating lease assets included $370 million of non-lease components and current and noncurrent lease liabilities included $36 million and $384 million, respectively, of non-lease components. As of January 29, 2022, operating lease assets included $377 million of non-lease components and current and noncurrent lease liabilities included $36 million and $386 million, respectively, of non-lease components.
ROU Assets and Lease Liabilities
The components of net lease expense, recognized primarily within selling, general and administrative expenses are disclosed below. For 2022, 2021 and 2020, lease expense included $79 million, $80 million and $87 million, respectively, related to non-lease components.
202220212020
(millions)
Real estate
Operating leases (c) –
Minimum rents$361 $359 $376 
Variable rents54 48 45 
415 407 421 
Less income from subleases –
Operating leases (d)(39)(1)(1)
$376 $406 $420 
Personal property – Operating leases$7 $7 $7 
(c)Certain supply chain operating lease expense amounts are included in cost of sales.
(d)Represents sublease income from certain corporate office locations.
Maturity of Lease Liabilities
As of January 28, 2023, the maturity of lease liabilities is as follows:
Finance
Leases		Operating
Leases
(e and f)		Total
(millions)
Fiscal year
2023$3 $340 $343 
20243 375 378 
20253 371 374 
20262 355 357 
20272 340 342 
After 202711 5,051 5,062 
Total undiscounted lease payments24 6,832 6,856 
Less amount representing interest7 3,551 3,558 
Total lease liabilities$17 $3,281 $3,298 
(e)
Operating lease payments include $2,872 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $292 million of legally binding minimum lease payments for leases signed but not yet commenced.
(f)
Operating lease payments include $1,090 million related to non-lease component payments, with $827 million of such payments related to options to extend lease terms that are reasonably certain of being exercised.
Maturity of Lease Liabilities
As of January 28, 2023, the maturity of lease liabilities is as follows:
Finance
Leases		Operating
Leases
(e and f)		Total
(millions)
Fiscal year
2023$3 $340 $343 
20243 375 378 
20253 371 374 
20262 355 357 
20272 340 342 
After 202711 5,051 5,062 
Total undiscounted lease payments24 6,832 6,856 
Less amount representing interest7 3,551 3,558 
Total lease liabilities$17 $3,281 $3,298 
(e)
Operating lease payments include $2,872 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $292 million of legally binding minimum lease payments for leases signed but not yet commenced.
(f)
Operating lease payments include $1,090 million related to non-lease component payments, with $827 million of such payments related to options to extend lease terms that are reasonably certain of being exercised.
Schedule of Supplemental Information Regarding Assumptions and Cash Flows
Additional supplemental information regarding assumptions and cash flows for operating and finance leases is as follows:
Lease Term and Discount RateJanuary 28,
2023		January 29,
2022
Weighted-average remaining lease term (years)
Finance leases11.511.9
Operating leases21.321.7
Weighted-average discount rate
Finance leases6.74 %6.73 %
Operating leases6.58 %6.54 %
Other Information52 Weeks Ended
January 28, 2023		52 Weeks Ended
January 29, 2022
(millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used from operating leases$364 $322 
Financing cash flows used from financing leases3 3 
Leased assets obtained in exchange for new operating lease liabilities79 15