Supplemental DisclosureNet interest expense is comprised of the following: | | | | | | | | | | | | | | | | | Three Months Ended | | | | (In millions) | May 1, 2026 | | May 2, 2025 | | | | | | Long-term debt | $ | 402 | | | $ | 358 | | | | | | | Short-term borrowings | 2 | | | — | | | | | | | Lease obligations | 4 | | | 5 | | | | | | | | | | | | | | | Interest income | (9) | | | (25) | | | | | | | Interest capitalized | (2) | | | (2) | | | | | | | Interest on tax uncertainties | 1 | | | 1 | | | | | | | Other | 1 | | | — | | | | | | | Interest – net | $ | 399 | | | $ | 337 | | | | | |
Supplemental disclosures of cash flow information: | | | | | | | | | | | | | Three Months Ended | | (In millions) | May 1, 2026 | | May 2, 2025 | | Cash paid for interest, net of amount capitalized | $ | 751 | | | $ | 665 | | | Cash paid for income taxes – net | 47 | | | 45 | | | Non-cash investing and financing activities: | | | | | Leased assets obtained in exchange for new finance lease liabilities | $ | 14 | | | $ | 13 | | Leased assets obtained in exchange for new operating lease liabilities1 | 51 | | | 203 | | | Cash dividends declared but not paid | 673 | | | 645 | |
1 Excludes $35 million of leases signed but not yet commenced as of May 1, 2026.
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