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Leases (Tables) | 12 Months Ended
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Jan. 28, 2023
Leases [Abstract] |
Schedule of Lease Cost | The following table presents rent expenses under operating leases:
|  | Fiscal
|  | 2022 |  | 2021 |  | 2020
Operating lease cost |  | $ | 278.3 |  |  | $ | 296.3 |  |  | $ | 311.5 |
Variable lease cost (1) |  | 64.3 |  |  | 64.1 |  |  | 79.2 |
Total rent expense |  | $ | 342.6 |  |  | $ | 360.4 |  |  | $ | 390.7 |
(1) Variable lease cost includes percentage rentals and variable executory costs. The following table presents the weighted-average remaining lease term, which includes reasonably certain renewal options, and the weighted-average discount rate for operating leases included in the measurement of our lease liabilities:
|  | January 28, 2023 |  | January 29, 2022
Weighted-average remaining lease term (years) (1) |  | 4.3 |  | 4.2
Weighted-average discount rate (2) |  | 5.7 | % |  | 4.3 | %
(1) The weighted-average remaining lease term is weighted based on the lease liability balance for each lease as of January 28, 2023 and January 29, 2022. This weighted average calculation differs from our simple average remaining lease term due to the inclusion of reasonably certain renewal options and the effect of the lease liability value for longer term leases. (2) The weighted-average discount rate weights the IBR determined for each lease based on each lease's respective liability balance as of January 28, 2023 and January 29, 2022.
Schedule of Operating Lease Liability | The following table presents expected lease payments associated with our operating lease liabilities, excluding percentage rentals, for the next five fiscal years:
Period |  |  | Operating Leases(1)
Fiscal 2023 |  |  | $ | 202.8 |
Fiscal 2024 |  |  | 159.9 |
Fiscal 2025 |  |  | 105.3 |
Fiscal 2026 |  |  | 70.9 |
Fiscal 2027 |  |  | 49.4 |
Thereafter |  |  | 69.8 |
Total remaining lease payments |  |  | 658.1 |
Less: Interest |  |  | (81.0) |
Present value of lease liabilities(2) |  |  | $ | 577.1 |
(1) Operating lease payments exclude legally binding lease payments for leases signed but not yet commenced. (2) The present value of lease liabilities consist of $194.7 million classified as current portion of operating lease liabilities and $382.4 million classified as long-term operating lease liabilities on our Consolidated Balance Sheets.

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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