| PROPERTY AND LEASES Net Property and Equipment Net property and equipment included accumulated depreciation and finance lease amortization of $32.2 billion as of May 3, 2026 and $31.4 billion as of February 1, 2026. Leases The following table presents certain consolidated balance sheet information related to operating and finance leases: | | | | | | | | | | | | | | | | in millions | Consolidated Balance Sheet Classification | May 3,
2026 | | February 1,
2026 | | Assets: | | | | | | Operating lease assets | Operating lease right-of-use assets | $ | 9,275 | | | $ | 9,204 | | Finance lease assets (1) | Net property and equipment | 2,531 | | | 2,563 | | | Total lease assets | | $ | 11,806 | | | $ | 11,767 | | | Liabilities: | | | | | | Current: | | | | | | Operating lease liabilities | Current operating lease liabilities | $ | 1,484 | | | $ | 1,418 | | | Finance lease liabilities | Current installments of long-term debt | 292 | | | 288 | | | Long-term: | | | | | | Operating lease liabilities | Long-term operating lease liabilities | 8,164 | | | 8,160 | | | Finance lease liabilities | Long-term debt, excluding current installments | 2,640 | | | 2,675 | | | Total lease liabilities | | $ | 12,580 | | | $ | 12,541 | |
————— (1) Finance lease assets are recorded net of accumulated amortization of $1.6 billion as of both May 3, 2026 and February 1, 2026. The following table presents supplemental non-cash information related to leases: | | | | | | | | | | | | | Three Months Ended | | in millions | May 3,
2026 | | May 4,
2025 | | Lease assets obtained in exchange for new operating lease liabilities | $ | 458 | | | $ | 469 | | | Lease assets obtained in exchange for new finance lease liabilities | 51 | | | 89 | |
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