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Retirement Plans and Other Benefits (Tables) | 12 Months Ended
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Jan. 31, 2026
Retirement Benefits [Abstract] |
Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets | The following tables set forth changes in benefit obligations and plan assets, funded status, and amounts recognized in the Consolidated Balance Sheet related to the Foot Locker pension plans from the date of acquisition (in thousands):
| 2025
Change in benefit obligation: |
Benefit obligation as of September 8, 2025 | $ | 408,362 |
Service cost | 38 |
Interest cost | 7,884 |
Actuarial gains | (5,075) |
Foreign currency translation adjustments | 710 |
Benefits paid | (9,955) |
Benefit obligation as of January 31, 2026 | $ | 401,964 |
Change in plan assets: |
Fair value of plan assets as of September 8, 2025 | $ | 400,218 |
Actual return on plan assets | 15,783 |
Employer contributions | 1,564 |
Foreign currency translation adjustments | 774 |
Benefits paid | (9,955) |
Fair value of plan assets as of January 31, 2026 | $ | 408,384 |
Funded status | $ | 6,420 |
Amounts recognized on Consolidated Balance Sheet |
Other assets | $ | 13,778 |
Accrued expenses | (1,919) |
Other long-term liabilities | (5,439) |
Net amount recognized | $ | 6,420 |
Defined Benefit Plan, Assumptions | The following assumptions were used to determine net benefit cost or income:
| 2025
Discount rate | 5.2 | %
Rate of compensation increase (1) | 3.0 | %
Expected long-term rate of return on assets | 5.8 | %
(1)The rate of compensation increase relates only to the Canadian pension plan, as the other plans are frozen.
Schedule of Net Benefit Costs | The following table presents the components of net pension benefit cost (income) (in thousands):
| 2025
Service cost | $ | 38 |
Interest cost | 7,884 |
Expected return on plan assets | (8,673) |
Net benefit income | $ | (751) |
Schedule of Allocation of Plan Assets | The fair values of pension plan assets as of January 31, 2026 were as follows (in thousands):
| Level 1 |  | Level 2 |  | Level 3 |  | 2025 Total
Cash equivalents | $ | — |  |  | $ | 16,954 |  |  | $ | — |  |  | $ | 16,954 |
Commingled funds: |  |  |  |  |  |  |
Equity securities | — |  |  | 121,813 |  |  | — |  |  | 121,813 |
Fixed-income securities | — |  |  | 180,552 |  |  | — |  |  | 180,552 |
Real estate securities | — |  |  | 9,259 |  |  | — |  |  | 9,259 |
Mutual funds and ETF | 55,581 |  |  | — |  |  | — |  |  | 55,581 |
Fixed-income securities | — |  |  | 23,985 |  |  | — |  |  | 23,985 |
Insurance contract | — |  |  | 158 |  |  | — |  |  | 158 |
Other | — |  |  | 82 |  |  | — |  |  | 82 |
Net benefit expense | $ | 55,581 |  |  | $ | 352,803 |  |  | $ | — |  |  | $ | 408,384 |
Schedule of Expected Benefit Payments | Estimated future benefit payments for each of the next five years and the five years thereafter are as follows:
Fiscal Year |
2026 | $ | 46,512 |
2027 | $ | 35,733 |
2028 | $ | 34,545 |
2029 | $ | 32,797 |
2030 | $ | 31,164 |
2031 - 2035 | $ | 140,695 |

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- Definition Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (j) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (k) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
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- Definition Tabular disclosure of benefit obligation and plan assets for defined benefit pension plan with projected benefit obligation in excess of plan assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480482/715-20-55-17 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-3 + Details
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- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (f) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
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