Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.3
Leases (Tables)
9 Months Ended
Nov. 02, 2019
Leases [Abstract]  
Lease Assets and Liabilities [Table Text Block]
Leases
($ in millions)
 
Classification
 
November 2, 2019
Assets
 
 
 
 
Operating lease assets
 
Operating lease assets
 
$
942

Finance lease assets
 
Property and equipment
 
1

Total leased assets
 
 
 
$
943

Liabilities
 
 
 
 
Current
 
 
 
 
Operating
 
Current operating lease liabilities
 
$
77

Finance
 
Current portion of finance leases and note payable
 

Noncurrent
 
 
 
 
Operating
 
Noncurrent operating lease liabilities
 
1,112

Finance
 
Long-term finance leases and note payable
 
1

Total leased liabilities
 
 
 
$
1,190


Lease, Cost [Table Text Block]
Lease Cost
 
 
 
 
Three Months Ended
 
Nine Months Ended
($ in millions)
 
Classification
 
November 2, 2019
 
November 2, 2019
Operating lease cost
 
Selling, general and administrative expense (SG&A)
 
$
48

 
$
146

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

 
96

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

 
7

Net lease cost
 
 
 
$
78

 
$
235


Lessee, Operating Lease, Liability, Maturity [Table Text Block]
As of November 2, 2019, future lease payments were as follows:
($ in millions)
Operating Leases
 
Finance Leases
 
Total
2019
$
52

 
$

 
$
52

2020
200

 

 
200

2021
195

 

 
195

2022
182

 

 
182

2023
178

 

 
178

Thereafter
1,901

 
2

 
1,903

Total lease payments
2,708

 
2

 
2,710

Less: amounts representing interest
(1,519
)
 
(1
)
 
(1,520
)
Present value of lease liabilities
$
1,189

 
$
1

 
$
1,190











Other Information [Table Text Block]
Other information:
 
Nine Months Ended
($ in millions)
November 2, 2019
Cash paid for amounts included in the measurement of these liabilities
 
Operating cash flows from operating leases
152

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