Leases (Tables)

12 Months Ended

Jan. 31, 2026

Summary of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:


	Fiscal Year Ended
	January 31, 2026		February 1, 2025
Weighted-average remaining lease term	6.6 years		6.5 years
Weighted-average discount rate	3.9	%	3.6	%

The following table is a summary of the Company’s components of net lease cost for the fiscal years ended:


		Fiscal Year Ended
In millions	Classification	January 31, 2026		February 1, 2025		February 3, 2024
						(53 weeks)
Operating lease cost	Cost of sales, including buying and occupancy costs	$	2,196	$	2,101	$	2,015
Variable and short term lease cost	Cost of sales, including buying and occupancy costs	1,618		1,555		1,490
Total lease cost		$	3,814	$	3,656	$	3,505

Supplemental cash flow information related to leases is as follows:


	Fiscal Year Ended
In millions	January 31, 2026		February 1, 2025		February 3, 2024
					(53 weeks)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid for operating leases	$	2,214	$	2,116	$	2,030
Lease liabilities arising from obtaining right of use assets	$	2,243	$	2,140	$	2,055

Schedule of Operating Leases Maturity

The following table as of January 31, 2026 summarizes the maturity of lease liabilities under operating leases:


In millions
Fiscal Year:
2027	$	2,259
2028	2,123
2029	1,886
2030	1,609
2031	1,312
Later years	2,930
Total lease payments(a)	12,119
Less: imputed interest(b)	1,499
Total lease liabilities(c)	$	10,620

(a)Operating lease payments exclude legally binding minimum lease payments for leases signed but not yet commenced and include options to extend lease terms that are now deemed reasonably certain of being exercised according to the Company’s Lease Accounting Policy.

(b)Calculated using the incremental borrowing rate for each lease.

(c)Total lease liabilities are broken out on the Consolidated Balance Sheets between Current portion of operating lease liabilities and Long-term operating lease liabilities.