During the first quarter of 2025, we committed to a plan to divest our operations in Canada and France and reclassified all relevant assets and liabilities associated with these operations to assets and liabilities held for sale in our Condensed Consolidated Balance Sheets. The following table presents the assets and liabilities classified as held for sale:



	May 3, 2025
Assets Held for Sale
Cash and cash equivalents	$	49.4
Marketable securities	11.4
Receivables, net	6.7
Merchandise inventories, net	76.3
Prepaid expenses and other current assets	9.6
Property and equipment, net	13.7
Operating lease right-of-use-assets	79.8
Other noncurrent assets	14.8

Total assets held for sale (gross)	$	261.7
Less: Impairment loss	(35.5)
Total assets held for sale (net) as of May 3, 2025	$	226.2

Liabilities held for sale
Current liabilities	$	140.3
Noncurrent liabilities	66.9
Total liabilities held for sale as of May 3, 2025	$	207.2

Based on the expected fair value of the consideration to be received for these businesses, net of our costs to sell, we recognized an impairment on assets held for sale for both the French and Canadian disposal groups in the aggregate amount of $35.5