Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.1
Leases (Tables)
3 Months Ended
May 04, 2019
Leases [Abstract]  
Lease Assets and Liabilities [Table Text Block]
Leases
($ in millions)
 
Classification
 
May 4, 2019
Assets
 
 
 
 
Operating lease assets
 
Operating lease assets
 
$
917

Finance lease assets
 
Property and equipment
 
1

Total leased assets
 
 
 
$
918

Liabilities
 
 
 
 
Current
 
 
 
 
Operating
 
Current operating lease liabilities
 
$
84

Finance
 
Current portion of finance leases and note payable
 
1

Noncurrent
 
 
 
 
Operating
 
Noncurrent operating lease liabilities
 
1,082

Finance
 
Long-term finance leases and note payable
 
1

Total leased liabilities
 
 
 
$
1,168

Lease, Cost [Table Text Block]
Lease Cost
 
 
 
 
Three Months Ended
($ in millions)
 
Classification
 
May 4, 2019
Operating lease cost
 
Selling, general and administrative expense (SG&A)
 
$
48

Variable lease cost
 
Selling, general and administrative expense (SG&A)
 
32

Finance lease cost
 
 
 
 
Amortization of leased assets
 
Depreciation and amortization
 

Interest on lease liabilities
 
Net interest expense
 

Rental income
 
Real estate and other, net
 
2

Net lease cost
 
 
 
$
78

Lessee, Operating Lease, Liability, Maturity [Table Text Block]
As of May 4, 2019, future lease payments were as follows:
($ in millions)
Operating Leases
 
Finance Leases
 
Total
2019
$
156

 
$
1

 
$
157

2020
195

 
1

 
196

2021
187

 

 
187

2022
173

 

 
173

2023
166

 

 
166

Thereafter
1,816

 
2

 
1,818

Total lease payments
2,693

 
4

 
2,697

Less: amounts representing interest
(1,527
)
 
(2
)
 
(1,529
)
Present value of lease liabilities
$
1,166

 
$
2

 
$
1,168

Other Information [Table Text Block]
Other information:
 
Three Months Ended
($ in millions)
May 4,
2019
Cash paid for amounts included in the measurement of these liabilities
 
Operating cash flows from operating leases
51

Operating cash flows from finance leases
1

Financing cash flows from finance leases
1

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]
As determined prior to the adoption of the new lease standard, the future minimum lease payments under operating leases in effect as of February 2, 2019 were as follows:
($ in millions)
 
2019
$
190

2020
178

2021
163

2022
148

2023
135

Thereafter
1,626

Less: sublease income
(43
)
Total minimum lease payments
$
2,397