10-K – 2026-03-12 – R35.htm

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Leases (Tables)

12 Months Ended

Jan. 31, 2026

Leases [Abstract]
 

Schedule of Lease Cost
The following table provides the components of lease cost for operating leases for 2025, 2024 and 2023:

2025 2024 2023
(in millions)
Operating Lease Costs $ 280  $ 267  $ 254 
Variable Lease Costs 108  108  107 
Short-term Lease Costs 49  43  41 
Total Lease Cost $ 437  $ 418  $ 402 

Schedule of Future Maturities of Operating Lease Liabilities
The following table provides future maturities of operating lease liabilities as of January 31, 2026:

Fiscal Year (in millions)
2026 $ 250 
2027 228 
2028 191 
2029 158 
2030 126 
Thereafter 317 
Total Lease Payments 1,270 
Less: Interest (208)
Present Value of Operating Lease Liabilities $ 1,062 

Weighted Average Remaining Lease Term and Discount Rate For Operating Lease Liabilities
The following table provides the weighted-average remaining lease term and discount rate for operating lease liabilities as of January 31, 2026 and February 1, 2025:

January 31,
2026 February 1,
2025
Weighted-average Remaining Lease Term (years) 6.2 6.1
Weighted-average Discount Rate 5.7 % 5.8 %

Schedule of Supplemental Cash Flow Information Related to Leases
The following table provides supplemental cash flow information related to the Company’s operating leases for 2025, 2024 and 2023:

2025 2024 2023
(in millions)
Cash paid for Operating Lease Liabilities (a) $ 287  $ 279  $ 280 
Lease Assets obtained as a result of new or modified Lease Liabilities, net of terminations 193  91  185 
 ________________
(a) These payments are included within the Operating Activities section of the Consolidated Statements of Cash Flows.

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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