Leases (Tables)

12 Months Ended

Jan. 30, 2021

Leases [Abstract]

Summary of amounts recognized in Condensed Consolidated Balance Sheet

($ in millions)	January 30, 2021		February 1, 2020
Operating leases:
Operating lease right-of-use assets	$	2,716	$	2,899
Operating lease liabilities classified as current	$	580	$	518
Operating lease liabilities classified as long-term		2,499		2,678
Total operating lease liabilities	$	3,079	$	3,196
Finance leases:
Property and equipment, net	$	10	$	—
Current portion of debt and obligations under finance leases	$	2	$	—
Long-term obligations under finance leases		8		—
Total finance lease obligations	$	10	$	—

Summary of other information related to operating leases

	January 30, 2021			February 1, 2020
Weighted-average remaining lease term (years)
Operating leases		6.7			7.3
Finance leases		4.4			—
Weighted-average discount rate
Operating leases		5.0	%		5.4	%
Finance leases		4.1	%		—	%

Summary of components of lease cost

($ in millions)	2020		2019
Operating lease costs:	$	620	$	668
Variable lease costs		290		332
Short-term lease costs		23		23
Sublease income		(1)		(1)
Total operating lease costs	$	932	$	1,022
Finance leases costs:
Amortization of leased assets		1		—
Total lease cost	$	933	$	1,022

Summary of supplemental cash flow information related to leases

Supplemental cash flow information related to leases for the year ended January 30, 2021 and February 1, 2020 were as follows:

($ in millions)	2020		2019
Cash paid for amounts included in measurement of operating lease liabilities	$	626	$	679
Right-of-use assets obtained in exchange for lease obligations		331		322
Cash paid for amounts included in measurement of finance lease liabilities		1		—
Leases obtained in exchange for finance lease obligations		11		—

Summary of maturities of lease liabilities

Maturities of lease liabilities as of January 30, 2021 are as follows:

($ in millions)	Operating leases		Finance leases		Total
2021	$	718	$	3	$	721
2022		624		3		627
2023		542		2		544
2024		458		2		460
2025		366		1		367
Thereafter		943		—		943
Total lease payments		3,651		11		3,662
Less: Interest		572		1		573
Total lease liabilities	$	3,079	$	10	$	3,089