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Debt (Tables) | 9 Months Ended
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Oct. 29, 2022
Debt Disclosure [Abstract] |
Summary of Outstanding Debt | The following table summarizes the Company’s outstanding debt at October 29, 2022 and January 29, 2022 (in millions):
|  | October 29, 2022 |  | January 29, 2022
Face Value Outstanding: |  |  |  |
2024 Term Loan - 3 Year Tranche |  | $ | 735.0 |  |  | $ | 735.0 |
2026 Term Loan - 5 Year Tranche |  | 809.4 |  |  | 853.1 |
Term Loan Total |  | 1,544.4 |  |  | 1,588.1 |
4.200% MTG/MTI 2023 Senior Notes |  | 500.0 |  |  | 500.0 |
4.875% MTG/MTI 2028 Senior Notes |  | 499.9 |  |  | 499.9 |
1.650% 2026 Senior Notes |  | 500.0 |  |  | 500.0 |
2.450% 2028 Senior Notes |  | 750.0 |  |  | 750.0 |
2.950% 2031 Senior Notes |  | 750.0 |  |  | 750.0 |
Senior Notes Total |  | 2,999.9 |  |  | 2,999.9 |
Total borrowings |  | $ | 4,544.3 |  |  | $ | 4,588.0 |
Less: Unamortized debt discount and issuance cost |  | (32.7) |  |  | (40.0) |
Net carrying amount of debt |  | $ | 4,511.6 |  |  | $ | 4,548.0 |
Less: Current portion (1) |  | 584.0 |  |  | 63.2 |
Non-current portion |  | $ | 3,927.6 |  |  | $ | 4,484.8 |
(1)As of October 29, 2022, the current portion of outstanding debt includes the MTG/MTI 2023 Senior Notes and the portion of the 2026 Term Loan - 5 Year Tranche, which are due within twelve months. The Company intends to repay the amount with operating cash flow. The weighted average interest rate on short-term debt outstanding at October 29, 2022 and January 29, 2022 was 4.299% and 1.485%, respectively.
Schedule of Aggregate Future Contractual Maturities of Debt | As of October 29, 2022, the aggregate future contractual maturities of the Company’s outstanding debt, at face value, were as follows (in millions):
Fiscal Year |  | Amount
Remainder of 2023 |  | $ | 21.9 |
2024 |  | 587.5 |
2025 |  | 844.4 |
2026 |  | 131.2 |
2027 |  | 959.4 |
Thereafter |  | 1,999.9 |
Total |  | $ | 4,544.3 |

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