Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.2
Leases (Tables)
6 Months Ended
Aug. 03, 2019
Leases [Abstract]  
Lease Assets and Liabilities [Table Text Block]
Leases
($ in millions)
 
Classification
 
August 3, 2019
Assets
 
 
 
 
Operating lease assets
 
Operating lease assets
 
$
925

Finance lease assets
 
Property and equipment
 
1

Total leased assets
 
 
 
$
926

Liabilities
 
 
 
 
Current
 
 
 
 
Operating
 
Current operating lease liabilities
 
$
82

Finance
 
Current portion of finance leases and note payable
 
1

Noncurrent
 
 
 
 
Operating
 
Noncurrent operating lease liabilities
 
1,089

Finance
 
Long-term finance leases and note payable
 
1

Total leased liabilities
 
 
 
$
1,173


Lease, Cost [Table Text Block]
Lease Cost
 
 
 
 
Three Months Ended
 
Six Months Ended
($ in millions)
 
Classification
 
August 3, 2019
 
August 3, 2019
Operating lease cost
 
Selling, general and administrative expense (SG&A)
 
$
50

 
$
98

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

 
64

Finance lease cost
 
 
 
 
 
 
Amortization of leased assets
 
Depreciation and amortization
 

 

Interest on lease liabilities
 
Net interest expense
 

 

Rental income
 
Real estate and other, net
 
3

 
5

Net lease cost
 
 
 
$
79

 
$
157


Lessee, Operating Lease, Liability, Maturity [Table Text Block]
As of August 3, 2019, future lease payments were as follows:
($ in millions)
Operating Leases
 
Finance Leases
 
Total
2019
$
104

 
$

 
$
104

2020
196

 
1

 
197

2021
190

 

 
190

2022
179

 

 
179

2023
173

 

 
173

Thereafter
1,844

 
2

 
1,846

Total lease payments
2,686

 
3

 
2,689

Less: amounts representing interest
(1,515
)
 
(1
)
 
(1,516
)
Present value of lease liabilities
$
1,171

 
$
2

 
$
1,173











Other Information [Table Text Block]
Other information:
 
Six Months Ended
($ in millions)
August 3, 2019
Cash paid for amounts included in the measurement of these liabilities
 
Operating cash flows from operating leases
102

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