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Subsequent Event
12 Months Ended
Jan. 31, 2026
Subsequent Events [Abstract]  
Subsequent Event
On March 23, 2026, the Company eliminated certain positions within the Foot Locker Business and is requiring other positions to relocate to Foot Locker’s headquarters in New York City. The Company expects to incur approximately $40 - $55 million of charges primarily in the first quarter of 2026 as a result of these actions and related cash payments to be made over the next twelve months. These actions are intended to better align the organizational design and spending in support of the Company’s go-forward vision for the Foot Locker Business and were included within the previously disclosed expectation of $500 to $750 million of total acquisition-related charges.
On March 11, 2026, the Company’s Board of Directors declared a quarterly cash dividend in the amount of $1.25 per share on the Company’s common stock and Class B common stock payable on April 10, 2026 to stockholders of record as of the close of business on March 27, 2026.
During the first quarter of 2026, the Company entered into a settlement agreement to resolve credit card interchange fee litigation matters in which it was a plaintiff. As a result of this lump-sum settlement, the Company will record a gain of $150 million, net of legal fees. Additionally, during the first quarter of 2026, the Company terminated a lease agreement at one of its store locations that will result in a gain of $25 million. The Company expects to record both gains within selling, general and administrative expense on the Consolidated Statement of Income.