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Debt (Tables)
9 Months Ended
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 Tranche809.4 853.1 
     Term Loan Total1,544.4 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 Total2,999.9 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 YearAmount
Remainder of 2023$21.9 
2024587.5 
2025844.4 
2026131.2 
2027959.4 
Thereafter1,999.9 
Total $4,544.3