LEASES (Tables)

3 Months Ended

May 01, 2026

Schedule of Components of Lease Costs and Supplemental Information

The following table presents components of lease costs included in the Condensed Consolidated Statements of Income for the periods indicated:


	Three Months Ended
		May 1, 2026		May 2, 2025

		(in millions)
Operating lease costs		$	67	$	58
Variable costs		21		23
Total lease costs		$	88	$	81

The following table presents supplemental information related to operating leases included in the Condensed Consolidated Statements of Financial Position as of the dates indicated:


	Classification	May 1, 2026			January 30, 2026

		(in millions, except for term and discount rate)
Operating lease right-of-use assets	Other non-current assets	$	661		$	640

Current operating lease liabilities	Accrued and other current liabilities	$	250		$	246
Non-current operating lease liabilities	Other non-current liabilities	495			481
Total operating lease liabilities		$	745		$	727

Weighted-average remaining lease term (in years)		4.19			4.11
Weighted-average discount rate		4.70		%	4.74		%

The following table presents supplemental cash flow information related to leases for the periods indicated:


	Three Months Ended
	May 1, 2026		May 2, 2025

	(in millions)
Cash paid for amounts included in the measurement of lease liabilities — operating cash outflows from operating leases	$	67	$	63

Right-of-use assets obtained in exchange for new operating lease liabilities	$	78	$	65

Schedule of Maturity of Operating Lease Liabilities

The following table presents the future maturity of the Company’s operating lease liabilities under non-cancelable leases and reconciles the undiscounted cash flows for these leases to the lease liability recognized on the Condensed Consolidated Statements of Financial Position as of the date indicated:


	May 1, 2026

	(in millions)
Fiscal 2027 (remaining nine months)	$	191
Fiscal 2028	216
Fiscal 2029	161
Fiscal 2030	110
Fiscal 2031	65
Thereafter	77
Total lease payments	820
Less: Imputed interest	75
Total	$	745
Current operating lease liabilities	$	250
Non-current operating lease liabilities	$	495