Leases (Tables)

12 Months Ended

Jan. 28, 2023

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 28,		January 29,
($ in millions)	2023		2022
Operating leases:
Operating lease right-of-use assets	$	2,443	$	2,616
Operating lease liabilities classified as current	$	544	$	572
Operating lease liabilities classified as long-term		2,230		2,363
Total operating lease liabilities	$	2,774	$	2,935

	January 28,		January 29,
($ in millions)	2023		2022
Finance leases:
Property and equipment, net	$	53	$	59
Finance lease obligations classified as current	$	6	$	6
Finance lease obligations classified as long-term		51		57
Total finance lease obligations	$	57	$	63

Summary of other information related to operating leases

	January 28,		January 29,
	2023		2022
Weighted-average remaining lease term (years)
Operating leases	6.5		6.7
Finance leases	14.7		15.0
Weighted-average discount rate
Operating leases	5.0	%	4.7	%
Finance leases	4.3	%	4.2	%

Summary of components of lease cost

($ in millions)	2022		2021		2020
Operating lease costs	$	657	$	653	$	620
Variable lease costs		308		331		290
Short-term lease costs		19		23		23
Sublease income		(1)		(1)		(1)
Total operating lease costs		983		1,006		932
Finance lease costs:
Amortization of leased assets		6		4		1
Interest on lease liabilities		3		1		—
Total finance lease costs		9		5		1
Total lease cost	$	992	$	1,011	$	933

Summary of maturities of lease liabilities

($ in millions)	2022		2021		2020
Operating lease costs	$	657	$	653	$	620
Variable lease costs		308		331		290
Short-term lease costs		19		23		23
Sublease income		(1)		(1)		(1)
Total operating lease costs		983		1,006		932
Finance lease costs:
Amortization of leased assets		6		4		1
Interest on lease liabilities		3		1		—
Total finance lease costs		9		5		1
Total lease cost	$	992	$	1,011	$	933

Maturities of lease liabilities as of January 28, 2023 are as follows:

($ in millions)	Operating leases		Finance leases		Total
2023	$	651	$	8	$	659
2024		576		8		584
2025		481		6		487
2026		387		4		391
2027		304		4		308
Thereafter		877		48		925
Total lease payments		3,276		78		3,354
Less: Interest		502		21		523
Total lease liabilities	$	2,774	$	57	$	2,831