Leases (Tables)

12 Months Ended

Jan. 29, 2022

Leases [Abstract]

Summary of amounts recognized in Condensed Consolidated Balance Sheet related to operating leases

Amounts recognized in the Consolidated Balance Sheet were as follows:

	January 29,		January 30,
($ in millions)	2022		2021
Operating leases:
Operating lease right-of-use assets	$	2,616	$	2,716
Operating lease liabilities classified as current	$	572	$	580
Operating lease liabilities classified as long-term		2,363		2,499
Total operating lease liabilities	$	2,935	$	3,079

	January 29,		January 30,
($ in millions)	2022		2021
Finance leases:
Property and equipment, net	$	59	$	10
Finance lease obligations classified as current	$	6	$	2
Finance lease obligations classified as long-tern		57		8
Total finance lease obligations	$	63	$	10

Summary of other information related to operating leases

	January 29,		January 30,
	2022		2021
Weighted-average remaining lease term (years)
Operating leases	6.7		6.7
Finance leases	15.0		4.4
Weighted-average discount rate
Operating leases	4.7	%	5.0	%
Finance leases	4.2	%	4.1	%

Summary of components of lease cost

($ in millions)	2021		2020		2019
Operating lease costs	$	653	$	620	$	668
Variable lease costs		331		290		332
Short-term lease costs		23		23		23
Sublease income		(1)		(1)		(1)
Total operating lease costs		1,006		932		1,022
Finance lease costs:
Amortization of leased assets		4		1		—
Interest on lease liabilities		1		—		—
Total finance lease costs		5		1		—
Total lease cost	$	1,011	$	933	$	1,022

Summary of supplemental cash flow information related to leases

Supplemental cash flow information related to leases for the years ended January 29, 2022 and January 30, 2021 were as follows:

($ in millions)	2021		2020
Cash paid for amounts included in measurement of operating lease liabilities	$	790	$	626
Right-of-use assets obtained in exchange for lease obligations		417		331
Cash paid for amounts included in measurement of finance lease liabilities		5		1
Leases obtained in exchange for finance lease obligations		4		11

Summary of maturities of lease liabilities

($ in millions)	2021		2020		2019
Operating lease costs	$	653	$	620	$	668
Variable lease costs		331		290		332
Short-term lease costs		23		23		23
Sublease income		(1)		(1)		(1)
Total operating lease costs		1,006		932		1,022
Finance lease costs:
Amortization of leased assets		4		1		—
Interest on lease liabilities		1		—		—
Total finance lease costs		5		1		—
Total lease cost	$	1,011	$	933	$	1,022

Maturities of lease liabilities as of January 29, 2022 are as follows:

($ in millions)	Operating leases		Finance leases		Total
2022	$	686	$	8	$	694
2023		603		8		611
2024		512		8		520
2025		418		6		424
2026		323		4		327
Thereafter		899		53		952
Total lease payments		3,441		87		3,528
Less: Interest		506		24		530
Total lease liabilities	$	2,935	$	63	$	2,998