v3.24.1
Leases (Tables)
 12 Months Ended
Feb. 04, 2024
Leases [Abstract]  
Schedule of Lease Expense
The components of lease expense, including variable lease costs primarily consisting of common area maintenance charges and property taxes, are as follows:
February 4, 2024January 29, 2023January 30, 2022
Operating lease cost$198.3 $168.2 $134.9 
Variable lease cost40.1 38.4 30.1 
Short-term lease cost (1)
2.9 2.1 0.6 
Total lease cost$241.3 $208.7 $165.6 
(1)We have elected the short-term lease recognition exemption for all applicable classes of underlying assets. We have not recorded ROU assets and liabilities for leases with an initial term of 12 months or less that do not include a purchase option that we are reasonably certain to exercise.
Summary of Other Information Related to Leases
Supplemental disclosures of cash flow information related to leases were as follows:
February 4, 2024January 29, 2023January 30, 2022
Cash paid for operating lease liabilities$204.3 $189.3 $157.1 
ROU assets obtained in exchange for new operating lease liabilities (1)
$92.8 $376.2 $72.5 
Weighted-average remaining lease term—operating leases12.9 years13.6 years14.2 years
Weighted-average discount rate—operating leases7.5 %7.1 %6.0 %
(1)Includes the leases acquired in the business combination discussed at Note 2.
Schedule of Disclosure of Minimum Future Maturities of Operating Lease Liabilities
Minimum future maturities of operating lease liabilities as of February 4, 2024 were as follows:
2024$190.8 
2025208.7 
2026210.4 
2027207.3 
2028204.3 
Thereafter1,576.5 
Total future operating lease liability$2,598.0 
Less: interest(963.4)
Present value of operating lease liabilities$1,634.6