
	Year Ended
	January 30, 2026		January 31, 2025		February 2, 2024
	(in millions)
Operating lease cost	$	48	$	48	$	56
Variable lease cost	12		13		13
Short-term lease cost	3		2		2
Total lease cost	$	63	$	63	$	71

Lease cost is included primarily in "Cost of revenues" and "Selling, general and administrative expenses" on the consolidated statements of income.

The Company's ROU assets and lease liabilities consisted of the following:


	Balance Sheet line item	January 30, 2026		January 31, 2025
		(in millions)
Operating lease ROU asset	Operating lease right of use assets	$	193	$	164

Operating lease current liability	Other accrued liabilities	21		20
Operating lease non-current liability	Operating lease liabilities	198		173
Total operating lease liabilities		$	219	$	193


	Year Ended
	January 30, 2026		January 31, 2025		February 2, 2024
	(in millions)
Cash paid for amounts included in the measurement of operating lease liabilities	$	50	$	54	$	59
ROU assets obtained in exchange for new operating lease obligations	$	60	$	51	$	43

Maturities of operating lease liabilities as of January 30, 2026 were as follows:


Fiscal Year	Total
	(in millions)
2027	$	33
2028	30
2029	43
2030	32
2031	26
Thereafter	113
Total minimum lease payments	277
Less: imputed interest	(58)
Present value of operating lease liabilities	$	219

The weighted-average remaining lease term and the weighted-average discount rate was 7 years and 5.3% as of January 30, 2026, respectively, and 7 years and 5.2% as of January 31, 2025, respectively.

As of January 30, 2026, the Company had rental commitments of $29 million for facility leases that have not yet commenced. These operating leases have a weighted-average lease term of approximately 11 years.