Dollar General (DG) 10-Q 29 Aug 24 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Aug. 02, 2024	Aug. 22, 2024
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Aug. 02, 2024
Entity File Number	001-11421
Entity Registrant Name	DOLLAR GENERAL CORP ORATION
Entity Incorporation, State or Country Code	TN
Entity Tax Identification Number	61-0502302
Entity Address, Address Line One	100 MISSION RIDGE
Entity Address, City or Town	GOODLETTSVILLE
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37072
City Area Code	615
Local Phone Number	855-4000
Title of 12(b) Security	Common Stock, par value $0.875 per share
Trading Symbol	DG
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		219,915,184
Current Fiscal Year End Date	--01-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000029534
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 02, 2024	Feb. 02, 2024
Current assets:
Cash and cash equivalents	$ 1,222,691	$ 537,283
Merchandise inventories	7,000,569	6,994,266
Income taxes receivable	61,495	112,262
Prepaid expenses and other current assets	439,487	366,913
Total current assets	8,724,242	8,010,724
Net property and equipment	6,269,480	6,087,722
Operating lease assets	11,220,287	11,098,228
Goodwill	4,338,589	4,338,589
Other intangible assets, net	1,199,700	1,199,700
Other assets, net	61,467	60,628
Total assets	31,813,765	30,795,591
Current liabilities:
Current portion of long-term obligations	769,194	768,645
Current portion of operating lease liabilities	1,425,680	1,387,083
Accounts payable	3,869,267	3,587,374
Accrued expenses and other	1,064,845	971,890
Income taxes payable	12,201	10,709
Total current liabilities	7,141,187	6,725,701
Long-term obligations	6,235,166	6,231,539
Long-term operating lease liabilities	9,783,954	9,703,499
Deferred income taxes	1,138,829	1,133,784
Other liabilities	254,391	251,949
Commitments and contingencies
Shareholders' equity:
Preferred stock
Common stock	192,423	192,206
Additional paid-in capital	3,788,091	3,757,005
Retained earnings	3,277,439	2,799,415
Accumulated other comprehensive income (loss)	2,285	493
Total shareholders' equity	7,260,238	6,749,119
Total liabilities and shareholders' equity	$ 31,813,765	$ 30,795,591

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2024	Aug. 04, 2023	Aug. 02, 2024	Aug. 04, 2023
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Net sales	$ 10,210,361	$ 9,796,181	$ 20,124,382	$ 19,139,013
Cost of goods sold	7,150,882	6,751,495	14,072,754	13,138,853
Gross profit	3,059,479	3,044,686	6,051,628	6,000,160
Selling, general and administrative expenses	2,509,517	2,352,372	4,955,562	4,566,988
Operating profit	549,962	692,314	1,096,066	1,433,172
Interest expense, net	68,130	84,337	140,563	167,375
Income before income taxes	481,832	607,977	955,503	1,265,797
Income tax expense	107,642	139,142	217,996	282,582
Net income	$ 374,190	$ 468,835	$ 737,507	$ 983,215
Earnings per share
Basic (in dollars per share)	$ 1.70	$ 2.14	$ 3.35	$ 4.48
Diluted (in dollars per share)	$ 1.70	$ 2.13	$ 3.35	$ 4.47
Weighted average shares outstanding:
Basic (in shares)	219,904	219,403	219,826	219,298
Diluted (in shares)	220,065	219,952	220,059	220,029
Dividends per share	$ 0.59	$ 0.59	$ 1.18	$ 1.18

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2024	Aug. 04, 2023	Aug. 02, 2024	Aug. 04, 2023
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 374,190	$ 468,835	$ 737,507	$ 983,215
Unrealized net gain (loss) on hedged transactions and currency translation, net of related income tax expense (benefit) of $0, ($26), $0, and $61, respectively	1,872	367	1,792	972
Comprehensive income	$ 376,062	$ 469,202	$ 739,299	$ 984,187

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2024	Aug. 04, 2023	Aug. 02, 2024	Aug. 04, 2023
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Unrealized net gain (loss) on hedged transactions, income tax expense (benefit)	$ 0	$ (26)	$ 0	$ 61

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Balances at Feb. 03, 2023	$ 191,718	$ 3,693,871	$ 1,656,140	$ 43	$ 5,541,772
Balances (in shares) at Feb. 03, 2023	219,105
Increase (Decrease) in Shareholders' Equity
Net income			983,215		983,215
Dividends paid per common share			(258,904)		(258,904)
Unrealized net gain (loss) on hedged transactions and currency translation				972	972
Share-based compensation expense		33,893			33,893
Other equity and related transactions	$ 321	(3,564)			(3,243)
Other equity and related transactions (in shares)	365
Balances at Aug. 04, 2023	$ 192,039	3,724,200	2,380,451	1,015	6,297,705
Balances (in shares) at Aug. 04, 2023	219,470
Balances at May. 05, 2023	$ 191,921	3,701,564	2,041,118	648	5,935,251
Balances (in shares) at May. 05, 2023	219,336
Increase (Decrease) in Shareholders' Equity
Net income			468,835		468,835
Dividends paid per common share			(129,502)		(129,502)
Unrealized net gain (loss) on hedged transactions and currency translation				367	367
Share-based compensation expense		8,810			8,810
Other equity and related transactions	$ 118	13,826			13,944
Other equity and related transactions (in shares)	134
Balances at Aug. 04, 2023	$ 192,039	3,724,200	2,380,451	1,015	6,297,705
Balances (in shares) at Aug. 04, 2023	219,470
Balances at Feb. 02, 2024	$ 192,206	3,757,005	2,799,415	493	6,749,119
Balances (in shares) at Feb. 02, 2024	219,663
Increase (Decrease) in Shareholders' Equity
Net income			737,507		737,507
Dividends paid per common share			(259,483)		(259,483)
Unrealized net gain (loss) on hedged transactions and currency translation				1,792	1,792
Share-based compensation expense		34,641			34,641
Other equity and related transactions	$ 217	(3,555)			(3,338)
Other equity and related transactions (in shares)	248
Balances at Aug. 02, 2024	$ 192,423	3,788,091	3,277,439	2,285	7,260,238
Balances (in shares) at Aug. 02, 2024	219,911
Balances at May. 03, 2024	$ 192,407	3,774,363	3,032,996	413	7,000,179
Balances (in shares) at May. 03, 2024	219,893
Increase (Decrease) in Shareholders' Equity
Net income			374,190		374,190
Dividends paid per common share			(129,747)		(129,747)
Unrealized net gain (loss) on hedged transactions and currency translation				1,872	1,872
Share-based compensation expense		12,795			12,795
Other equity and related transactions	$ 16	933			949
Other equity and related transactions (in shares)	18
Balances at Aug. 02, 2024	$ 192,423	$ 3,788,091	$ 3,277,439	$ 2,285	$ 7,260,238
Balances (in shares) at Aug. 02, 2024	219,911

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended			6 Months Ended
	Aug. 02, 2024	May 03, 2024	Aug. 04, 2023	Aug. 02, 2024	Aug. 04, 2023
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
Dividends per share	$ 0.59	$ 0.59	$ 0.59	$ 1.18	$ 1.18

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Aug. 02, 2024	Aug. 04, 2023
Cash flows from operating activities:
Net income	$ 737,507	$ 983,215
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	471,079	410,287
Deferred income taxes	5,045	58,147
Noncash share-based compensation	34,641	33,893
Other noncash (gains) and losses	39,876	57,367
Change in operating assets and liabilities:
Merchandise inventories	(23,369)	(817,001)
Prepaid expenses and other current assets	(75,427)	(78,358)
Accounts payable	306,290	107,810
Accrued expenses and other liabilities	109,762	(12,438)
Income taxes	52,259	(17,613)
Other	(4,934)	1,412
Net cash provided by (used in) operating activities	1,652,729	726,721
Cash flows from investing activities:
Purchases of property and equipment	(695,683)	(767,935)
Proceeds from sales of property and equipment	1,525	3,234
Net cash provided by (used in) investing activities	(694,158)	(764,701)
Cash flows from financing activities:
Issuance of long-term obligations		1,498,260
Repayments of long-term obligations	(10,341)	(8,843)
Net increase (decrease) in commercial paper outstanding		(1,205,400)
Borrowings under revolving credit facilities		500,000
Repayments of borrowings under revolving credit facilities		(500,000)
Costs associated with issuance of debt		(12,448)
Payments of cash dividends	(259,482)	(258,885)
Other equity and related transactions	(3,340)	(3,262)
Net cash provided by (used in) financing activities	(273,163)	9,422
Net increase (decrease) in cash and cash equivalents	685,408	(28,558)
Cash and cash equivalents, beginning of period	537,283	381,576
Cash and cash equivalents, end of period	1,222,691	353,018
Supplemental noncash investing and financing activities:
Right of use assets obtained in exchange for new operating lease liabilities	842,846	745,786
Purchases of property and equipment awaiting processing for payment, included in Accounts payable	$ 123,740	$ 171,527

Basis of presentation

Basis of presentation	6 Months Ended
	Aug. 02, 2024
Basis of presentation
Basis of presentation	1. Basis of presentation ​ The accompanying unaudited condensed consolidated financial statements of Dollar General Corporation (which individually or together with its subsidiaries, as the context requires, is referred to as the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and are presented in accordance with the requirements of Form 10-Q and Rule 10-01 of Regulation S-X. Such financial statements consequently do not include all of the disclosures normally required by U.S. GAAP for annual financial statements or those normally made in the Company’s Annual Report on Form 10-K, including the condensed consolidated balance sheet as of February 2, 2024, which was derived from the audited consolidated financial statements at that date. Accordingly, readers of this Quarterly Report on Form 10-Q should refer to the Company’s Annual Report on Form 10-K for the fiscal year ended February 2, 2024 for additional information. ​ The Company’s fiscal year ends on the Friday closest to January 31. Unless the context requires otherwise, references to years contained herein pertain to the Company’s fiscal year. The Company’s 2024 fiscal year is scheduled to be a 52-week accounting period ending on January 31, 2025, and the 2023 fiscal year was a 52-week accounting period that ended on February 2, 2024. ​ The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the Company’s customary accounting practices. In management’s opinion, all adjustments (which are of a normal recurring nature) necessary for a fair presentation of the consolidated financial position as of August 2, 2024, and results of operations for the 13-week and 26-week accounting periods ended August 2, 2024 and August 4, 2023, have been made. ​ The preparation of financial statements and related disclosures in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Because the Company’s business is moderately seasonal, the results for interim periods are not necessarily indicative of the results to be expected for the entire year. ​ The Company uses the last-in, first-out (“LIFO”) method of valuing inventory. An actual valuation of inventory under the LIFO method is made at the end of each year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations are based on management’s estimates of expected year-end inventory levels, sales for the year and the expected rate of inflation or deflation for the year. The interim LIFO calculations are subject to adjustment in the final year-end LIFO inventory valuation. The Company recorded a LIFO provision of $10.5 million and $20.2 million in the respective 13-week periods, and $20.8 million and $48.4 million in the respective 26-week periods, ended August 2, 2024 and August 4, 2023. In addition, ongoing estimates of inventory shrinkage and initial markups and markdowns are included in the interim cost of goods sold calculation. ​ We utilize supply chain finance programs whereby qualifying suppliers may elect at their sole discretion to sell our payment obligations to designated third party financial institutions. As of August 2, 2024 and February 2, 2024, the amount of obligations outstanding that the Company has confirmed with the financial institutions under the supply chain finance program were $293.5 million and $306.8 million, respectively. ​ In December 2023, the Financial Accounting Standards Board (“FASB”) issued an update to the required disclosures for income taxes. The update is intended to improve the rate reconciliation and income taxes paid disclosures to enhance the transparency and decision usefulness of income tax disclosures. The update is effective for fiscal years beginning after December 15, 2024. The Company is currently assessing the impact of the adoption of this required disclosure. ​ In November 2023, the FASB issued an update to the required disclosures for segment reporting. The update is intended to improve reportable segment disclosures, primarily through enhanced disclosures about significant segment expenses. The update is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company does not expect the adoption of this update to have a material impact on its consolidated results of operations, financial position, or cash flows. ​ In September 2022, the FASB issued new required disclosures for supplier finance programs. These disclosures are intended to enhance the transparency about the use of supplier finance programs for investors. The amendments are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, with the exception of the disclosure of rollforward information, which is effective for fiscal years beginning after December 15, 2023. The Company adopted the required disclosures for this accounting standard update in fiscal 2023, except for the disclosure of rollforward activity, which will be adopted for fiscal year 2024 within the Form 10-K.

Earnings per share

Earnings per share	6 Months Ended
	Aug. 02, 2024
Earnings per share
Earnings per share	2. Earnings per share ​ Earnings per share is computed as follows (in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13 Weeks Ended August 2, 2024 ​ ​ 13 Weeks Ended August 4, 2023 ​ ​ ​ Weighted ​ ​ Weighted ​ ​ ​ Net ​ Average ​ Per Share ​ ​ Net ​ Average ​ Per Share ​ ​ ​ Income ​ Shares ​ Amount ​ ​ Income ​ Shares ​ Amount ​ Basic earnings per share ​ $ 374,190 219,904 ​ $ 1.70 ​ ​ $ 468,835 219,403 ​ $ 2.14 ​ Effect of dilutive share-based awards ​ ​ ​ 161 ​ ​ ​ ​ ​ ​ ​ 549 ​ ​ ​ ​ Diluted earnings per share ​ $ 374,190 220,065 ​ $ 1.70 ​ ​ $ 468,835 219,952 ​ $ 2.13 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 26 Weeks Ended August 2, 2024 ​ ​ 26 Weeks Ended August 4, 2023 ​ ​ ​ ​ Weighted ​ ​ Weighted ​ ​ ​ ​ Net ​ Average ​ Per Share ​ ​ Net ​ Average ​ Per Share ​ ​ ​ Income ​ Shares ​ Amount ​ ​ Income ​ Shares ​ Amount ​ Basic earnings per share ​ $ 737,507 219,826 ​ $ 3.35 ​ ​ $ 983,215 219,298 ​ $ 4.48 ​ Effect of dilutive share-based awards ​ ​ ​ 233 ​ ​ ​ ​ ​ ​ ​ 731 ​ ​ ​ ​ Diluted earnings per share ​ $ 737,507 220,059 ​ $ 3.35 ​ ​ $ 983,215 220,029 ​ $ 4.47 ​ ​ Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is determined based on the dilutive effect of share-based awards using the treasury stock method. ​ Share-based awards that were outstanding at the end of the respective periods but were not included in the computation of diluted earnings per share because the effect of exercising such awards would be antidilutive, were approximately 0.1 million in each of the respective 13-week periods and 26-week periods ended August 2, 2024 and August 4, 2023.

Income taxes

Income taxes	6 Months Ended
	Aug. 02, 2024
Income taxes
Income taxes	3. Income taxes ​ Under the accounting standards for income taxes, the asset and liability method is used for computing the future income tax consequences of events that have been recognized in the Company’s consolidated financial statements or income tax returns. ​ Income tax reserves are determined using the methodology established by accounting standards for income taxes which require companies to assess each income tax position taken using the following two-step approach. A determination is first made as to whether it is more likely than not that the position will be sustained, based upon the technical merits, upon examination by the taxing authorities. If the tax position is expected to meet the more likely than not criteria, the benefit recorded for the tax position equals the largest amount that is greater than 50% likely to be realized upon ultimate settlement of the respective tax position. ​ The Company’s 2019 and earlier tax years are not open for further examination by the Internal Revenue Service (“IRS”). The IRS, at its discretion, may choose to examine the Company’s 2020 through 2022 fiscal year income tax filings. The Company has various state income tax examinations that are currently in progress. Generally, with few exceptions, the Company’s 2020 and later tax years remain open for examination by the various state taxing authorities. ​ As of August 2, 2024, the total reserves for uncertain tax benefits, interest expense related to income taxes and potential income tax penalties were $11.2 million, $1.6 million and $0.8 million, respectively, for a total of $13.6 million. The uncertain tax liability is reflected in noncurrent other liabilities in the condensed consolidated balance sheet. ​ The Company’s reserve for uncertain tax positions is expected to be reduced by $2.1 million in the coming twelve months resulting from expiring statutes of limitations or settlements. As of August 2, 2024, approximately $11.2 million of the reserve for uncertain tax positions would impact the Company’s effective income tax rate if the Company were to recognize the tax benefit for these positions. ​ The effective income tax rate for the 13-week and 26-week periods ended August 2, 2024 was 22.3% and 22.8% respectively, compared to a rate of 22.9% and 22.3% for the 13-week and 26-week periods ended August 4, 2023. The effective income tax rate was lower for the 13-week period in 2024 than the comparable 13-week period in 2023 primarily due to the effect of certain rate-impacting items, such as federal tax credits, on lower earnings before taxes. The effective income tax rate was higher for the 26-week period in 2024 than the comparable 26-week period in 2023 primarily due to an increase in the state effective tax rate and expense from stock-based compensation offset by the effect of certain rate-impacting items, such as federal tax credits, on lower earnings before taxes in the 26-week period in 2024. ​ The Organization of Economic Cooperation and Development has proposed a global minimum tax of 15% on a country-by-country basis (“Pillar Two”). Pursuant to Pillar Two, countries have enacted minimum tax rates of 15% effective for the 2024 tax year while other countries have enacted or proposed legislation making the 15% minimum tax rate effective for the 2025 tax year or later. The Company operates in a country that is currently assessing the enactment of the 15% minimum tax rate beginning in 2025. If enacted, the Company does not believe it will have a material impact on tax expense.

Leases

Leases	6 Months Ended
	Aug. 02, 2024
Leases
Leases	4. Leases ​ As of August 2, 2024, the Company’s primary leasing activities were real estate leases for most of its retail store locations and certain of its distribution facilities. Substantially all of the Company’s leases are classified as operating leases, and the associated assets and liabilities are presented as separate captions in the condensed consolidated balance sheets. Finance lease assets are included in net property and equipment, and finance lease liabilities are included in long-term obligations, in the condensed consolidated balance sheets. At August 2, 2024, the weighted-average remaining lease term for the Company’s operating leases was 9.4 years, and the weighted average discount rate for such leases was 4.3%. Operating lease costs are reflected as selling, general and administrative costs in the condensed consolidated statements of income. For the 26-week periods ended August 2, 2024 and August 4, 2023, such costs were $929.2 million and $855.3 million, respectively. Cash paid for amounts included in the measurement of operating lease liabilities of $938.9 million and $861.5 million, respectively, were reflected in cash flows from operating activities in the condensed consolidated statements of cash flows for the 26-week periods ended August 2, 2024 and August 4, 2023.

Current and long-term obligatio

Current and long-term obligations	6 Months Ended
	Aug. 02, 2024
Current and long-term obligations
Current and long-term obligations	5. Current and long-term obligations ​ Current and long-term obligations consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 2, February 2, (In thousands) ​ 2024 ​ 2024 Revolving Facility ​ $ — ​ $ — ​ 364-Day Revolving Facility ​ ​ — ​ ​ — ​ Unsecured commercial paper notes ​ ​ — ​ ​ — ​ 4.250% Senior Notes due September 20, 2024 (net of discount of $58 and $230) ​ ​ 749,942 ​ ​ 749,770 ​ 4.150% Senior Notes due November 1, 2025 (net of discount of $117 and $162) ​ ​ 499,883 ​ ​ 499,838 ​ 3.875% Senior Notes due April 15, 2027 (net of discount of $136 and $160) ​ ​ 599,864 ​ ​ 599,840 ​ 4.625% Senior Notes due November 1, 2027 (net of discount of $351 and $400) ​ ​ 549,649 ​ ​ 549,600 ​ 4.125% Senior Notes due May 1, 2028 (net of discount of $210 and $237) ​ ​ 499,790 ​ ​ 499,763 ​ 5.200% Senior Notes due July 5, 2028 (net of discount of $112 and $124) ​ ​ 499,888 ​ ​ 499,876 ​ 3.500% Senior Notes due April 3, 2030 (net of discount of $409 and $441) ​ ​ 960,485 ​ ​ 951,240 ​ 5.000% Senior Notes due November 1, 2032 (net of discount of $2,057 and $2,155) ​ ​ 697,943 ​ ​ 697,845 ​ 5.450% Senior Notes due July 5, 2033 (net of discount of $1,459 and $1,521) ​ ​ 998,541 ​ ​ 998,479 ​ 4.125% Senior Notes due April 3, 2050 (net of discount of $4,621 and $4,670) ​ ​ 495,379 ​ ​ 495,330 ​ 5.500% Senior Notes due November 1, 2052 (net of discount of $286 and $288) ​ ​ 299,714 ​ ​ 299,712 ​ Other ​ ​ 191,076 ​ ​ 200,418 ​ Debt issuance costs, net ​ (37,794) ​ (41,527) ​ ​ ​ $ 7,004,360 ​ $ 7,000,184 ​ Less: current portion ​ (769,194) ​ (768,645) ​ Long-term obligations ​ $ 6,235,166 ​ $ 6,231,539 ​ ​ Revolving Facility ​ At August 2, 2024, the existing senior unsecured revolving credit facility (the “Revolving Facility”) had a commitment of $2.0 billion that provides for the issuance of letters of credit up to $100.0 million and is scheduled to mature on December 2, 2026. ​ Borrowings under the Revolving Facility bear interest at a rate equal to an applicable interest rate margin plus, at the Company’s option, either (a) Adjusted Term SOFR (which is Term SOFR (as published by CME Group Benchmark Administration Limited) plus a credit spread adjustment of 0.10%) or (b) a base rate (which is usually equal to the prime rate). The applicable interest rate margin for borrowings as of August 2, 2024 was 1.015% for Adjusted Term SOFR borrowings and 0.015% for base-rate borrowings. The Company is also required to pay a facility fee, payable on any used and unused commitment amounts of the Revolving Facility, and customary fees on letters of credit issued under the Revolving Facility. As of August 2, 2024, the facility fee rate was 0.11%. The applicable interest rate margins for borrowings, the facility fees and the letter of credit fees under the Revolving Facility are subject to adjustment from time to time based on the Company’s long-term senior unsecured debt ratings. ​ The credit agreement governing the Revolving Facility contains a number of customary affirmative and negative covenants that, among other things, restrict, subject to certain exceptions, the Company’s ability to: incur additional liens; sell all or substantially all of the Company’s assets; consummate certain fundamental changes or change in the Company’s lines of business; and incur additional subsidiary indebtedness. The credit agreement governing the Revolving Facility also contains financial covenants which require the maintenance of a minimum fixed charge coverage ratio and a maximum leverage ratio. On February 13, 2024, the Company amended the credit agreement governing the Revolving Facility to increase the maximum leverage ratio for the four quarters of fiscal 2024. As of August 2, 2024, the Company was in compliance with all covenants pertaining to the Revolving Facility. The credit agreement governing the Revolving Facility also contains customary events of default. ​ As of August 2, 2024, the Company had no outstanding borrowings, no outstanding letters of credit, and approximately $2.0 billion of borrowing availability under the Revolving Facility that, due to the Company’s intention to maintain borrowing availability related to the commercial paper program described below, could contribute incremental liquidity of $1.8 billion . ​ 364-Day Revolving Facility ​ The Company had a 364-day $750 million unsecured revolving credit facility (the “364-Day Revolving Facility”) which expired on January 30, 2024. ​ Commercial Paper ​ As of August 2, 2024, the Company had a commercial paper program under which the Company may issue unsecured commercial paper notes (the “CP Notes”) from time to time in an aggregate amount not to exceed $2.0 billion outstanding at any time. The CP Notes may have maturities of up to 364 days from the date of issue and rank equal in right of payment with all of the Company’s other unsecured and unsubordinated indebtedness. The Company intends to maintain available commitments under the Revolving Facility in an amount at least equal to the amount of CP Notes outstanding at any time. As of August 2, 2024, the Company’s condensed consolidated balance sheet reflected no outstanding unsecured CP Notes. CP Notes totaling $195.0 million and $197.7 million at August 2, 2024 and February 2, 2024, respectively, were held by a wholly-owned subsidiary of the Company and are therefore not reflected in the condensed consolidated balance sheets. ​ Senior Notes ​ On June 7, 2023, the Company issued $500.0 million aggregate principal amount of 5.20% senior notes due 2028 (the “July 2028 Senior Notes”), net of discount of $0.1 million, and $1.0 billion aggregate principal amount of 5.45% senior notes due 2033 (the “2033 Senior Notes”), net of discount of $1.6 million. The July 2028 Senior Notes are scheduled to mature on July 5, 2028, and the 2033 Senior Notes are scheduled to mature on July 5, 2033. Interest on the July 2028 Senior Notes and the 2033 Senior Notes is payable in cash on January 5 and July 5 of each year. The Company incurred $12.4 million of debt issuance costs associated with the issuance of the July 2028 Senior Notes and the 2033 Senior Notes.

Assets and liabilities measured

Assets and liabilities measured at fair value	6 Months Ended
	Aug. 02, 2024
Assets and liabilities measured at fair value
Assets and liabilities measured at fair value	6. Assets and liabilities measured at fair value ​ Fair value is a market-based measurement, not an entity-specific measurement. Therefore, a fair value measurement should be determined based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, fair value accounting standards establish a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy). The Company does not have any fair value measurements categorized within Level 3 as of August 2, 2024. ​ The following table presents the Company’s liabilities required to be measured at fair value as of August 2, 2024, aggregated by the level in the fair value hierarchy within which those measurements are classified. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ ​ for Identical ​ Other ​ Significant ​ Total Fair ​ ​ ​ Assets and ​ Observable ​ Unobservable ​ Value at ​ ​ ​ Liabilities ​ Inputs ​ Inputs ​ August 2, ​ (In thousands) ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ 2024 ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current and long-term obligations (a) ​ $ 6,741,680 ​ $ 191,076 ​ $ — ​ $ 6,932,756 ​ Deferred compensation (b) ​ 47,864 ​ — ​ — ​ 47,864 ​ (a) Included in the condensed consolidated balance sheet at book value as current portion of long-term obligations of $769,194 and long-term obligations of $6,235,166 . (b) Reflected at fair value in the condensed consolidated balance sheet as accrued expenses and other current liabilities of $2,632 and noncurrent other liabilities of $45,232 .

Commitments and contingencies

Commitments and contingencies	6 Months Ended
	Aug. 02, 2024
Commitments and contingencies
Commitments and contingencies	7. Commitments and contingencies Legal proceedings ​ From time to time, the Company is a party to various legal matters in the ordinary course of its business, including actions by employees, consumers, suppliers, government agencies, or others. The Company has recorded accruals with respect to these matters, where appropriate, which are reflected in the Company’s condensed consolidated financial statements. For some matters, a liability is not probable or the amount cannot be reasonably estimated and therefore an accrual has not been made. ​ On November 27, 2023, and November 30, 2023, respectively, the following putative shareholder class action lawsuits were filed in the United States District Court for the Middle District of Tennessee in which the plaintiffs allege that during the putative class periods noted below, the Company and certain of its current and former officers violated the federal securities laws by misrepresenting the impact of alleged store labor, inventory, pricing and other practices on the Company’s financial results and prospects: Washtenaw County Employees’ Retirement System v. Dollar General Corporation, et al. “Washtenaw County” Robert J. Edmonds v. Dollar General Corporation, et al. “Edmonds” “Shareholder Securities Litigation” Edmonds Shareholder Securities Litigation . On June 17, 2024, lead plaintiffs filed a consolidated amended complaint, adding a claim that lead plaintiffs and certain members of the putative class purchased shares of the Company’s common stock contemporaneously with common stock sales by certain individual defendants. Defendants’ deadline to respond to the consolidated amended complaint is September 16, 2024. ​ At this time, it is not possible to estimate the value of the claims asserted in the Shareholder Securities Litigation or the potential range of loss in this matter, and no assurances can be given that the Company will be successful in its defense on the merits or otherwise. However, if the Company is not successful in its defense efforts, the resolution of the Shareholder Securities Litigation ​ On January 26 and 29, 2024, and February 1, 2024, respectively, the following shareholder derivative actions were filed in the United States District Court for the Middle District of Tennessee in which the plaintiff shareholders, purportedly on behalf and for the benefit of the Company, allege that certain of the Company’s current and former officers and directors (i) violated their fiduciary duties by misrepresenting the impact of alleged store labor, inventory pricing, and other practices on the Company’s financial results, prospects, and reputation, as well as creating a risk of adverse regulatory action; (ii) wasted corporate assets; and (iii) were unjustly enriched: Nathan Silva v. Todd J. Vasos, et. al. “Silva” Terry Dunn v. Todd J. Vasos, et. al. “Dunn” Kathryn A. Caliguiri Inh Ira Bene Of Catherine Sugarbaker v. Todd J. Vasos, et. al. “Caliguiri” “Federal Court Shareholder Derivative Litigation” Silva complaint also alleges certain of the Company’s current and former officers and directors violated federal securities laws and aided and abetted breach of fiduciary duty and that Mr. Vasos violated his fiduciary duties by misusing material, non-public information. The Dunn Caliguiri complaints additionally allege that certain of the Company’s officers and directors violated their fiduciary duties by recklessly or negligently disregarding workplace safety practices, and that Mr. Vasos, John Garratt and Patricia Fili-Krushel violated their fiduciary duties by misusing material, non-public information. The plaintiffs in the Federal Court Shareholder Derivative Litigation Silva, Dunn, Caliguiri actions. On May 2, 2024, the Silva action was dismissed. On May 22, 2024, the court entered an order staying the Dunn Caliguiri Shareholder Securities Litigation ​ On March 26, 2024 and March 28, 2024, respectively, the following shareholder derivative actions were filed in the Chancery Court for Davidson County, Tennessee: Todd Hellrigel v. Todd J. Vasos et al. “Hellrigel" Steve Southwell v. Todd Vasos, et al. “Southwell” “State Court Shareholder Derivative Litigation” State Court Shareholder Derivative Litigation include allegations that certain of the Company’s current and former officers and directors (i) violated their fiduciary duties by misrepresenting the impact of alleged store labor, inventory pricing and other practices on the Company’s financial results, prospects, and reputation, as well as creating a risk of adverse regulatory action; (ii) were unjustly enriched; and (iii) that Mr. Vasos, Mr. Garratt, Warren Bryant, and Ms. Fili-Krushel violated their fiduciary duties by misusing material, non-public information. The relief sought is substantially the same as the relief sought in the Federal Court Derivative Shareholder Litigation Hellrigel Southwell State Court Shareholder Derivative Litigation Shareholder Securities Litigation ​ Based on information currently available, the Company believes that its pending legal matters, both individually and in the aggregate, will be resolved without a material adverse effect on the Company’s consolidated financial statements as a whole. However, litigation and other legal matters involve an element of uncertainty. Adverse decisions and settlements, including any required changes to the Company’s business, or other developments in such matters could affect the consolidated operating results in future periods or result in liability or other amounts material to the Company’s annual consolidated financial statements.

Segment reporting

Segment reporting	6 Months Ended
	Aug. 02, 2024
Segment reporting
Segment reporting	8. Segment reporting ​ The Company manages its business on the basis of one reportable operating segment. As of August 2, 2024, the Company’s retail store operations were primarily located within the United States, with three retail stores in Mexico. Certain product sourcing and other operations are located outside the United States, which collectively are not material with regard to assets, results of operations or otherwise to the consolidated financial statements. The following net sales data is presented in accordance with accounting standards related to disclosures about segments of an enterprise. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13 Weeks Ended ​ 26 Weeks Ended ​ ​ ​ August 2, ​ August 4, ​ August 2, ​ August 4, ​ (in thousands) 2024 ​ 2023 ​ 2024 ​ 2023 Classes of similar products: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumables ​ $ 8,397,217 ​ $ 7,921,622 ​ $ 16,608,067 ​ $ 15,504,504 ​ Seasonal ​ 1,054,762 ​ 1,076,161 ​ 2,018,276 ​ 2,038,842 ​ Home products ​ 480,223 ​ 516,645 ​ 959,014 ​ 1,047,834 ​ Apparel ​ 278,159 ​ 281,753 ​ 539,025 ​ 547,833 ​ Net sales ​ $ 10,210,361 ​ $ 9,796,181 ​ $ 20,124,382 ​ $ 19,139,013 ​ ​

Common stock transactions

Common stock transactions	6 Months Ended
	Aug. 02, 2024
Common stock transactions
Common stock transactions	9. Common stock transactions ​ On August 29, 2012, the Company’s Board of Directors (the “Board”) authorized a common stock repurchase program, which the Board has since increased on several occasions. On August 24, 2022, the Board authorized a $2.0 billion increase to the existing common stock repurchase program, bringing the cumulative total to $16.0 billion authorized under the program since its inception in 2012. The repurchase authorization has no expiration date and allows repurchases from time to time in open market transactions, including pursuant to trading plans adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, or in privately negotiated transactions. The timing, manner and number of shares repurchased will depend on a variety of factors, including price, market conditions, compliance with the covenants and restrictions under the Company’s debt agreements, cash requirements, excess debt capacity, results of operations, financial condition and other factors. Repurchases under the program may be funded from available cash or borrowings, including under the Revolving Facility and issuance of CP Notes discussed in further detail in Note 5, or otherwise. ​ Pursuant to its common stock repurchase program, during the 26-week periods ended August 2, 2024 and August 4, 2023, respectively, the Company repurchased no shares of its common stock in the open market. ​ The Company paid a cash dividend of $0.59 per share for each of the first two quarters of 2024. In August 2024, the Board declared a quarterly cash dividend of $0.59 per share, which is payable on or before October 22, 2024, to shareholders of record on October 8, 2024. The amount and declaration of future cash dividends is subject to the sole discretion of the Board and will depend upon, among other things, the Company’s results of operations, cash requirements, financial condition, contractual restrictions, excess debt capacity, and other factors that the Board may deem relevant in its sole discretion.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2024	Aug. 04, 2023	Aug. 02, 2024	Aug. 04, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 374,190	$ 468,835	$ 737,507	$ 983,215

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Aug. 02, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Earnings per share (Tables)

Earnings per share (Tables)	6 Months Ended
	Aug. 02, 2024
Earnings per share
Schedule of computation of earnings per share	​ Earnings per share is computed as follows (in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13 Weeks Ended August 2, 2024 ​ ​ 13 Weeks Ended August 4, 2023 ​ ​ ​ Weighted ​ ​ Weighted ​ ​ ​ Net ​ Average ​ Per Share ​ ​ Net ​ Average ​ Per Share ​ ​ ​ Income ​ Shares ​ Amount ​ ​ Income ​ Shares ​ Amount ​ Basic earnings per share ​ $ 374,190 219,904 ​ $ 1.70 ​ ​ $ 468,835 219,403 ​ $ 2.14 ​ Effect of dilutive share-based awards ​ ​ ​ 161 ​ ​ ​ ​ ​ ​ ​ 549 ​ ​ ​ ​ Diluted earnings per share ​ $ 374,190 220,065 ​ $ 1.70 ​ ​ $ 468,835 219,952 ​ $ 2.13 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 26 Weeks Ended August 2, 2024 ​ ​ 26 Weeks Ended August 4, 2023 ​ ​ ​ ​ Weighted ​ ​ Weighted ​ ​ ​ ​ Net ​ Average ​ Per Share ​ ​ Net ​ Average ​ Per Share ​ ​ ​ Income ​ Shares ​ Amount ​ ​ Income ​ Shares ​ Amount ​ Basic earnings per share ​ $ 737,507 219,826 ​ $ 3.35 ​ ​ $ 983,215 219,298 ​ $ 4.48 ​ Effect of dilutive share-based awards ​ ​ ​ 233 ​ ​ ​ ​ ​ ​ ​ 731 ​ ​ ​ ​ Diluted earnings per share ​ $ 737,507 220,059 ​ $ 3.35 ​ ​ $ 983,215 220,029 ​ $ 4.47 ​ ​

Current and long-term obligat_2

Current and long-term obligations (Tables)	6 Months Ended
	Aug. 02, 2024
Current and long-term obligations
Schedule of current and long-term obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 2, February 2, (In thousands) ​ 2024 ​ 2024 Revolving Facility ​ $ — ​ $ — ​ 364-Day Revolving Facility ​ ​ — ​ ​ — ​ Unsecured commercial paper notes ​ ​ — ​ ​ — ​ 4.250% Senior Notes due September 20, 2024 (net of discount of $58 and $230) ​ ​ 749,942 ​ ​ 749,770 ​ 4.150% Senior Notes due November 1, 2025 (net of discount of $117 and $162) ​ ​ 499,883 ​ ​ 499,838 ​ 3.875% Senior Notes due April 15, 2027 (net of discount of $136 and $160) ​ ​ 599,864 ​ ​ 599,840 ​ 4.625% Senior Notes due November 1, 2027 (net of discount of $351 and $400) ​ ​ 549,649 ​ ​ 549,600 ​ 4.125% Senior Notes due May 1, 2028 (net of discount of $210 and $237) ​ ​ 499,790 ​ ​ 499,763 ​ 5.200% Senior Notes due July 5, 2028 (net of discount of $112 and $124) ​ ​ 499,888 ​ ​ 499,876 ​ 3.500% Senior Notes due April 3, 2030 (net of discount of $409 and $441) ​ ​ 960,485 ​ ​ 951,240 ​ 5.000% Senior Notes due November 1, 2032 (net of discount of $2,057 and $2,155) ​ ​ 697,943 ​ ​ 697,845 ​ 5.450% Senior Notes due July 5, 2033 (net of discount of $1,459 and $1,521) ​ ​ 998,541 ​ ​ 998,479 ​ 4.125% Senior Notes due April 3, 2050 (net of discount of $4,621 and $4,670) ​ ​ 495,379 ​ ​ 495,330 ​ 5.500% Senior Notes due November 1, 2052 (net of discount of $286 and $288) ​ ​ 299,714 ​ ​ 299,712 ​ Other ​ ​ 191,076 ​ ​ 200,418 ​ Debt issuance costs, net ​ (37,794) ​ (41,527) ​ ​ ​ $ 7,004,360 ​ $ 7,000,184 ​ Less: current portion ​ (769,194) ​ (768,645) ​ Long-term obligations ​ $ 6,235,166 ​ $ 6,231,539 ​

Assets and liabilities measur_2

Assets and liabilities measured at fair value (Tables)	6 Months Ended
	Aug. 02, 2024
Assets and liabilities measured at fair value
Schedule of assets and liabilities measured at fair value	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ ​ for Identical ​ Other ​ Significant ​ Total Fair ​ ​ ​ Assets and ​ Observable ​ Unobservable ​ Value at ​ ​ ​ Liabilities ​ Inputs ​ Inputs ​ August 2, ​ (In thousands) ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ 2024 ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current and long-term obligations (a) ​ $ 6,741,680 ​ $ 191,076 ​ $ — ​ $ 6,932,756 ​ Deferred compensation (b) ​ 47,864 ​ — ​ — ​ 47,864 ​ (a) Included in the condensed consolidated balance sheet at book value as current portion of long-term obligations of $769,194 and long-term obligations of $6,235,166 . (b) Reflected at fair value in the condensed consolidated balance sheet as accrued expenses and other current liabilities of $2,632 and noncurrent other liabilities of $45,232 .

Segment reporting (Tables)

Segment reporting (Tables)	6 Months Ended
	Aug. 02, 2024
Segment reporting
Schedule of net sales grouped by classes of similar products	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13 Weeks Ended ​ 26 Weeks Ended ​ ​ ​ August 2, ​ August 4, ​ August 2, ​ August 4, ​ (in thousands) 2024 ​ 2023 ​ 2024 ​ 2023 Classes of similar products: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumables ​ $ 8,397,217 ​ $ 7,921,622 ​ $ 16,608,067 ​ $ 15,504,504 ​ Seasonal ​ 1,054,762 ​ 1,076,161 ​ 2,018,276 ​ 2,038,842 ​ Home products ​ 480,223 ​ 516,645 ​ 959,014 ​ 1,047,834 ​ Apparel ​ 278,159 ​ 281,753 ​ 539,025 ​ 547,833 ​ Net sales ​ $ 10,210,361 ​ $ 9,796,181 ​ $ 20,124,382 ​ $ 19,139,013 ​ ​

Basis of presentation (Details)

Basis of presentation (Details) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Aug. 02, 2024 USD ($)	Aug. 04, 2023 USD ($)	Aug. 02, 2024 USD ($)	Aug. 04, 2023 USD ($)	Jan. 31, 2025 period	Feb. 02, 2024 USD ($) period
Fiscal year, number of weeks | period					52	52
Merchandise inventories
LIFO provision	$ 10.5	$ 20.2	$ 20.8	$ 48.4
Supply Chain Finance Program
Contractual obligation	$ 293.5		$ 293.5			$ 306.8

Earnings per share (Details)

Earnings per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2024	Aug. 04, 2023	Aug. 02, 2024	Aug. 04, 2023
Net Income
Basic Earnings	$ 374,190	$ 468,835	$ 737,507	$ 983,215
Diluted Earnings	$ 374,190	$ 468,835	$ 737,507	$ 983,215
Shares
Shares outstanding, basic	219,904	219,403	219,826	219,298
Effect of dilutive share-based awards	161	549	233	731
Shares outstanding, diluted	220,065	219,952	220,059	220,029
Per Share Amount
Basic earnings per share (in dollars per share)	$ 1.70	$ 2.14	$ 3.35	$ 4.48
Diluted earnings per share (in dollars per share)	$ 1.70	$ 2.13	$ 3.35	$ 4.47
Share-based awards outstanding excluded from computation of diluted earnings per share	100	100	100	100

Income Taxes - Uncertain tax be

Income Taxes - Uncertain tax benefits (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 02, 2024	Aug. 04, 2023	Aug. 02, 2024	Aug. 04, 2023
Income taxes
Reserves for uncertain tax benefits	$ 11.2		$ 11.2
Interest accrued related to uncertain tax benefits	1.6		1.6
Potential penalties accrued related to uncertain tax benefits	0.8		0.8
Total reserves for uncertain tax benefits included in noncurrent Other liabilities	13.6		13.6
Reserve for uncertain tax positions for which a reduction is reasonably possible in the next twelve months	2.1		2.1
Reserve for uncertain tax positions that would impact effective tax rate if recognized	$ 11.2		$ 11.2
Effective income tax rates (as a percent)	22.30%	22.90%	22.80%	22.30%

Leases (Details)

Leases (Details) - USD ($) $ in Millions	6 Months Ended
	Aug. 02, 2024	Aug. 04, 2023
Leases
Weighted-average remaining lease term	9 years 4 months 24 days
Weighed average discount rate	4.30%
Operating lease cost	$ 929.2	$ 855.3
Cash paid for operating leases	$ 938.9	$ 861.5

Current and long-term obligat_3

Current and long-term obligations (Details) - USD ($) $ in Thousands	Aug. 02, 2024	Feb. 02, 2024	Jun. 07, 2023
Current and long-term obligations
Other	$ 191,076	$ 200,418
Debt issuance costs, net	(37,794)	(41,527)
Current and long-term obligations	7,004,360	7,000,184
Less: current portion	(769,194)	(768,645)
Long-term obligations	6,235,166	6,231,539
Senior unsecured credit facility, Revolving Facility
Current and long-term obligations
Long-term obligations	0
4.250% Senior Notes due September 20, 2024
Current and long-term obligations
Long-term obligations	$ 749,942	$ 749,770
Stated interest rate (as a percent)	4.25%	4.25%
Discount on debt issuance	$ 58	$ 230
4.150% Senior Notes due Nov 1, 2025
Current and long-term obligations
Long-term obligations	$ 499,883	$ 499,838
Stated interest rate (as a percent)	4.15%	4.15%
Discount on debt issuance	$ 117	$ 162
3.875% Senior Notes due April 15. 2027
Current and long-term obligations
Long-term obligations	$ 599,864	$ 599,840
Stated interest rate (as a percent)	3.875%	3.875%
Discount on debt issuance	$ 136	$ 160
4.625% Senior Notes Due Nov 1, 2027
Current and long-term obligations
Long-term obligations	$ 549,649	$ 549,600
Stated interest rate (as a percent)	4.625%	4.625%
Discount on debt issuance	$ 351	$ 400
4.125% Senior Notes due May 1, 2028
Current and long-term obligations
Long-term obligations	$ 499,790	$ 499,763
Stated interest rate (as a percent)	4.125%	4.125%
Discount on debt issuance	$ 210	$ 237
5.200% Senior Notes due July 5, 2028
Current and long-term obligations
Long-term obligations	$ 499,888	$ 499,876
Stated interest rate (as a percent)	5.20%	5.20%	5.20%
Discount on debt issuance	$ 112	$ 124	$ 100
3.500% Senior Notes due April 3, 2030
Current and long-term obligations
Long-term obligations	$ 960,485	$ 951,240
Stated interest rate (as a percent)	3.50%	3.50%
Discount on debt issuance	$ 409	$ 441
5.000% Senior Notes due Nov 1, 2032
Current and long-term obligations
Long-term obligations	$ 697,943	$ 697,845
Stated interest rate (as a percent)	5%	5%
Discount on debt issuance	$ 2,057	$ 2,155
5.450% Senior Notes due July 5, 2033
Current and long-term obligations
Long-term obligations	$ 998,541	$ 998,479
Stated interest rate (as a percent)	5.45%	5.45%	5.45%
Discount on debt issuance	$ 1,459	$ 1,521	$ 1,600
4.125% Senior Notes due April 3, 2050
Current and long-term obligations
Long-term obligations	$ 495,379	$ 495,330
Stated interest rate (as a percent)	4.125%	4.125%
Discount on debt issuance	$ 4,621	$ 4,670
5.500% Senior Notes due Nov 1, 2052
Current and long-term obligations
Long-term obligations	$ 299,714	$ 299,712
Stated interest rate (as a percent)	5.50%	5.50%
Discount on debt issuance	$ 286	$ 288

Current and long-term obligat_4

Current and long-term obligations - Revolving Facility (Details) $ in Millions	6 Months Ended
	Aug. 02, 2024 USD ($)
Senior unsecured credit facility, Revolving Facility
Current and long-term obligations
Facility fee rate	0.11%
Long-term obligations	$ 0
Borrowing availability under credit facility	2,000
Borrowing availability except for amount reserved for commercial paper program	1,800
Maximum financing under credit agreements	$ 2,000
Senior unsecured credit facility, Revolving Facility | Base-rate loans
Current and long-term obligations
Spread on variable rate (as a percent)	0.015%
Senior unsecured credit facility, Revolving Facility | SOFR
Current and long-term obligations
Spread on variable rate (as a percent)	1.015%
Credit spread asjustment	0.10%
Senior unsecured credit facility, Revolving Facility | Letters of credit
Current and long-term obligations
Letters of credit outstanding	$ 0
Maximum financing under credit agreements	100
Letter Of Credit Outside Of Revolving Facility
Current and long-term obligations
Letters of credit outstanding	$ 52.6

Current and long-term obligat_5

Current and long-term obligations - 364-Day Revolving Facility (Details) $ in Millions	Jan. 30, 2024 USD ($)
Unsecured 364 Day Credit Facility
Current and long-term obligations
Maximum financing under credit agreements	$ 750

Current and long-term obligat_6

Current and long-term obligations - Commercial Paper (Details) - Unsecured commercial paper notes - USD ($) $ in Millions	6 Months Ended
	Aug. 02, 2024	Feb. 02, 2024
Current and long-term obligations
Maximum aggregate borrowing amount	$ 2,000
Maximum maturity	364 days
Wholly-owned subsidiary
Current and long-term obligations
Long-term obligations	$ 195	$ 197.7

Current and long-term obligat_7

Current and long-term obligations - Senior Notes (Details) - USD ($) $ in Thousands	Aug. 02, 2024	Feb. 02, 2024	Jun. 07, 2023
5.200% Senior Notes due July 5, 2028
Current and long-term obligations
Amount borrowed			$ 500,000
Stated interest rate (as a percent)	5.20%	5.20%	5.20%
Discount on debt issuance	$ 112	$ 124	$ 100
Long-term obligations	$ 499,888	$ 499,876
5.450% Senior Notes due July 5, 2033
Current and long-term obligations
Amount borrowed			$ 1,000,000
Stated interest rate (as a percent)	5.45%	5.45%	5.45%
Discount on debt issuance	$ 1,459	$ 1,521	$ 1,600
Long-term obligations	$ 998,541	$ 998,479
Senior Notes Due July 2028 And 2033
Current and long-term obligations
Debt issuance costs			$ 12,400

Assets and liabilities measur_3

Assets and liabilities measured at fair value (Details) - USD ($) $ in Thousands	Aug. 02, 2024	Feb. 02, 2024
Liabilities:
Current portion of long-term obligations	$ 769,194	$ 768,645
Long-term obligations	6,235,166	$ 6,231,539
Reported amount | Current portion of long-term debt obligations
Liabilities:
Current portion of long-term obligations	769,194
Reported amount | Long-term obligations
Liabilities:
Long-term obligations	6,235,166
Reported amount | Accrued expenses and other current liabilities
Liabilities:
Deferred compensation	2,632
Reported amount | Noncurrent Other liabilities
Liabilities:
Deferred compensation	45,232
Fair value measurements on recurring basis | Balance at the end of the period
Liabilities:
Current and long-term obligations	6,932,756
Deferred compensation	47,864
Fair value measurements on recurring basis | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)
Liabilities:
Current and long-term obligations	6,741,680
Deferred compensation	47,864
Fair value measurements on recurring basis | Significant Other Observable Inputs (Level 2)
Liabilities:
Current and long-term obligations	$ 191,076

Segment reporting (Details)

Segment reporting (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2024 USD ($) store	Aug. 04, 2023 USD ($)	Aug. 02, 2024 USD ($) store segment	Aug. 04, 2023 USD ($) segment
Net sales data for classes of similar products
Net sales	$ 10,210,361	$ 9,796,181	$ 20,124,382	$ 19,139,013
Number of reportable segments
Number of reportable operating segments | segment			1	1
MEXICO
Number of reportable segments
Number of Retail Stores Operated | store	3		3
Consumables
Net sales data for classes of similar products
Net sales	$ 8,397,217	7,921,622	$ 16,608,067	$ 15,504,504
Seasonal
Net sales data for classes of similar products
Net sales	1,054,762	1,076,161	2,018,276	2,038,842
Home products
Net sales data for classes of similar products
Net sales	480,223	516,645	959,014	1,047,834
Apparel
Net sales data for classes of similar products
Net sales	$ 278,159	$ 281,753	$ 539,025	$ 547,833

Common stock transactions (Deta

Common stock transactions (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Billions		1 Months Ended	3 Months Ended			6 Months Ended
	Aug. 24, 2022	Aug. 30, 2024	Aug. 02, 2024	May 03, 2024	Aug. 04, 2023	Aug. 02, 2024	Aug. 04, 2023
Common stock transactions
Cash dividend paid (in dollars per share)			$ 0.59	$ 0.59	$ 0.59	$ 1.18	$ 1.18
Subsequent event
Common stock transactions
Cash dividend declared (in dollars per share)		$ 0.59
Common Stock | Pursuant to Authorized Repurchase Program
Common stock transactions
Common stock repurchase program, increase in the authorized amount	$ 2
Common stock repurchase authorization	$ 16
Shares acquired under share repurchase program						0	0